September 9, 2023
Banking International

World Bank Can’t Interpret It For Us, Says India On Indus Water Treaty

India on Thursday questioned the World Bank’s decision to appoint a Court of Arbitration and a neutral expert under two separate processes to resolve differences between New Delhi and Islamabad over the Kishenganga and Ratle hydroelectric projects in Jammu and Kashmir. 

Last week, India issued a notice to Pakistan seeking a review and modification of the 62-year-old Indus Waters Treaty (IWT) for management of cross-border rivers following Islamabad’s “intransigence” in handling disputes.

“I do not think they (World Bank) are in a position to interpret the treaty for us. It is a treaty between our two countries and our assessment of the treaty is that there is a provision of graded approach,” External Affairs Ministry Spokesperson Arindam Bagchi said.

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