World Bank President Ajay Banga has said that the multilateral agency has no role to play beyond a facilitator in the Indus Water Treaty signed between India and Pakistan in 1960 for sharing of waters of Indus, Jhelum, and Chenab.
India has suspended the decades-old Indus Water Treaty in the wake of the killing of 26 tourists in a terror attack in Jammu and Kashmir’s Pahalgam on April 22.
“We have no role to play beyond a facilitator. There’s a lot of speculation in the media about how the World Bank will step in & fix the problem, but it’s all bunk. The World Bank’s role is merely as a facilitator,” the PIB said in post on X quoting World Bank President, Ajay Banga. PTI
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