India said the World Bank's decision to temporarily halt two simultaneous processes to look into Indo-Pak dispute over Kishenganga and Ratle project confirms that pursuing the two concurrent processes could have rendered the Indus Water Treaty unworkable over time.
External Affairs Ministry Spokesperson Vikas Swarup said India remains fully conscious of its international obligations and is ready to engage in further consultations on the matter of resolving current differences regarding these two projects.
The World Bank's move to pause the process came nearly a month after India had strongly objected to the global body's "inexplicable" decision, saying going ahead with two separate mechanisms was "legally untenable".
Group President of World Bank Jim Yong Kim said, “We are announcing this pause to protect the Indus Waters Treaty and to help India and Pakistan consider alternative approaches to resolving conflicting interests under the Treaty and its application to two hydroelectric power plants.” The pause was announced by Kim in letters to the finance ministers of India and Pakistan. It was also emphasised that the Bank was acting to safeguard the Treaty.
Under the Indus Waters Treaty, signed between India and Pakistan and also the World Bank in 1960, the World Bank has a specified role in the process of resolution of differences and disputes.
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