World Bank Clarifies Its Position on Indus Water Treaty Amidst Rising Tensions

World Bank's Stance on Indus Water Treaty

New Delhi: In a significant development for Pakistan, the World Bank announced on Friday that it will not intervene in the issues surrounding the Indus Water Treaty, which India has halted following a terrorist attack in Pahalgam that resulted in the deaths of 26 tourists.

World Bank President Ajay Banga conveyed this message through the Indian government, stating, "Our role is limited to that of a facilitator."

He further emphasized, "There has been much speculation regarding the World Bank's involvement in resolving this issue, but it is unfounded. Our function is strictly as a facilitator."

In response to India's suspension of the treaty, Pakistan has indicated plans to pursue legal action, including addressing the matter with the World Bank.

Prime Minister Narendra Modi has asserted that the waters of the river and its tributaries rightfully belong to India and will be utilized for the nation's benefit.

PM Modi remarked, "The water that belongs to India will flow for India’s benefit."

The Indus Water Treaty, established in 1960, regulates the distribution of water from six rivers—Indus, Jhelum, Chenab, Ravi, Beas, and Sutlej—between India and Pakistan.

These rivers are crucial for irrigating agricultural lands in Pakistan and enhancing crop yields. The Salal and Baglihar Dams, situated on the Chenab River, release water during dry periods to support crop irrigation in Pakistan. India's decision to suspend the treaty follows Pakistan's ongoing support for cross-border terrorism, allegedly backed by the ISI, the military's intelligence agency.

During his visit to India, World Bank President Banga met with Prime Minister Modi on Thursday, assuring him that the World Bank would not interfere with India's decision to suspend the Indus Water Treaty amid escalating tensions with Pakistan. He also held discussions with Finance Minister Nirmala Sitharaman in the capital.

Banga continued his trip to Lucknow on Friday to observe the significant economic advancements in India’s most populous state.