World Bank has stopped the process to form settlement court and taking applications for appointment of independent mediator over the issue of Kishanganga Dam on the request of Pakistan and India.
In a letter President of World Bank Group Jim Yong Kim has asked the finance ministers of the two countries to stop the process started over the issue. India has asked the Bank to appointment an independent expert while the Bank has also stopped Pakistan’s request for the appointment of the chairman of the mediation court.
The letter says that the measure is being taken to save the Accord because the process initiated by the two countries could cause harm to it. The measure is also aimed at helping Pakistan and India resolve hydro-power projects and controvercial water issues through alternate solution.
This is the best chance for the two countries to resolve eater issues and it is expected that they will reach an accord by end next month, the letter added.