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'World Bank's role in Indus Water Treaty issue is nothing more than a mediator', statement of Chairman Ajay Banga
World Bank: World Bank chief Ajay Banga said that the role of the international financial institution in the Indus Water Treaty is only that of a mediator, and it will not interfere in the suspension of the treaty on behalf of India. India has suspended the treaty after the Pahalgam terrorist attack.
The World Bank chief Ajay Banga stated that the World Bank's role in the Indus Water Treaty signed between India and Pakistan is nothing but mediation. Banga also asserted that the international organization would not take any move to rectify India's suspension of the agreement following the Pahalgam attack.
India and Pakistan signed the Indus Water Treaty in 1960 after they negotiated for nine years. The assistance of the World Bank was requested in this treaty. The World Bank signed it, too. Press Information Bureau (PIB) quoted Banga as saying, we are only mediators. There is much speculation in the media about how the World Bank is able to solve this problem. All nonsense. Mediator is the only role of the World Bank.
The terrorists attacked Pahalgam in the Union Territory of Jammu and Kashmir on April 22. The attack killed 26 people, most of them tourists. After this, India suspended the Indus Water Treaty until Pakistan credibly stops its support for cross-border terrorism.
