The unique strength of a HRIA [Human Rights Impact Assessment] is the fact that it is based on international standards that are legally binding either as treaty commitments or as customary international law... The proposal to employ HRIAs in the context of international loan agreements is a relatively new one. The Human Rights Council, in its Resolution 11/5 adopted in June 2009, has called upon debtors and creditors, particularly international financial institutions (IFIs), like the IMF and the World Bank, to consider the preparation of HRIAs with regard to development projects, Poverty Reduction Strategy Papers, and international loan agreements.