Four new partners joined this agreement in October 1998: the Nordic Environment Finance Corporation (NEFCO), the Nordic Investment Bank (NIB), the International Financial Corporation (IFC) and the Council of Europe Development Bank (CEB).

- Environmental legislation may be costly: it can require significant economic investments from national authorities and society at large whose financing can be problematic.

AND WHEREAS the Agreement provides, among other things, for the grant to or the setting aside for the Inuvialuit of certain lands in the Inuvialuit Settlement Region, for the right of the Inuvialuit to hunt, fish, trap and carry on commercial activity within the Inuvialuit Settlement Region in accordance with the regimes established therein, for measures to preserve Inuvialuit cultural identity and values within a changing northern society, to enable the Inuvialuit to be equal and meaningful participants in the northern and national economy and society and to protect and preserve the Arctic wildlife, environment and biological productivi ...[+++]ty and for the payment to the Inuvialuit of certain compensation;

The banks involved are the European Investment Bank, Black Sea Trade and Development Bank, Council of Europe Development Bank, Nordic Environment Finance Corporation and Nordic Investment Bank .

The principal objectives of the Inuvialuit Final Agreement are: to preserve Inuvialuit cultural identity and values within a changing northern society; to enable the Inuvialuit to be equal and meaningful participants in the northern and national economy and society; and to protect and preserve Arctic wildlife, the environment, and biological productivity.

That agreement had three goals, which had to do with preserving Inuvialuit cultural identity and values within a changing northern society, to enable the Inuvialuit to be equal and meaningful participants in the northern and national economy and society, and to protect and preserve Arctic wildlife, the environment, and biological productivity.