NEW DELHI: World Bank president Ajay Banga met PM Narendra Modi and finance minister Nirmala Sitharaman Thursday and said the multi-lateral agency will not interfere in the Indus Water Treaty which has been put on hold by India amid rising hostility from Pakistan. Sources described Banga's meeting with the PM as a courtesy call, while he had a longer discussion with Sitharaman. It is unclear what transpired during these two crucial meetings.
Banga said the agreement is between two countries and in case they disagree, World Bank's role is that of a facilitator to find a neutral expert or an arbitrator to settle a dispute. "We have to pay the fees of those guys through a trust fund that was set up at the Bank at the time of the creation of the treaty. That's our role. We have no role to play beyond that," Banga told CNBC-TV18. The agency had brokered the treaty in 1960. Banga is slated to visit UP to discuss a World Bank project. tnn
Banga said the agreement is between two countries and in case they disagree, World Bank's role is that of a facilitator to find a neutral expert or an arbitrator to settle a dispute. "We have to pay the fees of those guys through a trust fund that was set up at the Bank at the time of the creation of the treaty. That's our role. We have no role to play beyond that," Banga told CNBC-TV18. The agency had brokered the treaty in 1960. Banga is slated to visit UP to discuss a World Bank project. tnn
You may also like
BJP Minority Morcha "Nagrik Tiranga Yatra for National Security" to begin on May 11
'SRK called me his teacher': Priyamani opens up about her wholesome bond with Bollywood's King Khan
BCCI to discuss IPL resumption options on Sunday: Rajeev Shukla
Chatgpt is asked the 'biggest lie ever sold' - answer blows people's minds
Spain launches fresh tourist crackdown with new ban and £170 fines for 'phone zombies'
