World Bank President Ajay Banga has said that the World Bank does not have any role in fixing the Indus Waters Treaty, in an exclusive interview with CNBC-TV18.

Addressing media speculation over whether the World Bank will intervene, he said, “It’s all bunk because we don’t have that role to play”.

“I haven’t heard from either country yet about anything to do with the Indus Water Treaty. So that’s exactly where it is,” Banga said.

He urged the media to take a look at the treaty and realise that “the treaty is a treaty between two sovereign nations and they have to decide whether that’s what they want to continue with. It’s their decision.”

Banga pointed out that the treaty has worked for 60 years through “ups and downs,” although not perfectly, he added.

“I just think this is a topic for the countries to decide. And the World Bank’s role is what the World Bank’s role is as defined in the treaty. No more and no less,” stated Banga.