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Environmental Impact Assessment is a task which brings our focuses on creating a balance between environment and development. Economic growth is inevitable and to take into account its detrimental impacts on the environment is important. The US is the first country which introduced the phrase and laid policies and awareness to the world. Followed by its formal birth, the phrase is soon realized by organizations internationally. Some of them were directly involved in financing projects in the developing world. It led to the creation of a comprehensive procedure which can be incorporated through legal interventions.