World Bank President Ajay Banga has said that there is no provision in the Indus Water Treaty (IWT) for suspension, in an interview with Indian broadcaster CNBC-TV18.
Speaking in New Delhi, he said, “There is no provision in the treaty to allow to be suspended, the way it (IWT) was drawn up, it either needs to be gone or it needs to be replaced by another one. That requires the two countries to want to agree.
“The treaty is not suspended, it’s technically called something in abeyance, is how the Indian government worded it.”
Article XII of the IWT makes it clear that it can only be modified by mutual agreement
Elaborating on the World Bank’s role, Banga explained, “The World Bank’s role is basically that of a facilitator if they disagree — not by us making a decision — but by us being the party that goes through a process to find a neutral expert or an arbitrator court to settle it.”
He further elaborated that the World Bank also has to pay for the process from a trust fund established during the treaty’s inception to cover the fees of potential arbitrators.