World Bank 'options' for resolving Kishenganga, Ratle deadlock

Image
Press Trust of India New Delhi
Last Updated : Mar 01 2017 | 9:57 PM IST
The World Bank today suggested some "options" for resolving the deadlock between India and Pakistan over Kishenganga and Ratle projects, which come under the Indus Water Treaty.
The "options" were suggested by CEO Kristalina Georgieva during a meeting with senior government officials here.
However, officials refused to divulge details, saying these will be first discussed by higher authorities in the government before being made public.
World Bank representative Ian Solomon, who had visited the national capital on January 5 to discuss ways forward in the matter, was also present at the 30-minute meeting, which was attended by External Affairs Ministry and Water Resources Ministry officials.
"We listened to her (Georgieva) during the meeting. India's position continues to be the same on the issue. So, she suggested us some options to find a way forward.
"These options will be discussed by higher ups in Foreign Office and PMO before any step is taken," a source said.
The source said India maintained during the meeting that it "has always respected and will respect" the Indus Water Treaty (IWT) and that it is "always open for discussion and resolution of the issue in a friendly manner".
"Only thing is that for everything there is a procedure. From India's point of view, the procedure is...Given it is a technical issue...That a neutral expert be appointed to look into the matter," the source added.
Pakistan had last year approached the World Bank, complaining the two projects in Jammu and Kashmir violated the water distribution agreement.
India, however, had maintained the two projects do not violate the treaty and sought appointment of a neutral expert given the issues raised by Pakistan are "design related and technical ones".
Responding, the World Bank, which has a specific role in dispute resolution between the country as per the treaty, decided to set up a Court of Arbitration (CoA) to settle the disputes following Pakistan's demand. It also agreed to appoint a neutral expert as was sought by New Delhi.
India had reacted strongly to the decision to appoint the CoA.
The World Bank last December announced it would temporarily halt the two simultaneous processes to resolve the differences.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 01 2017 | 9:57 PM IST

Next Story