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The Road To The Current Bank Policy

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Chapter Summary

One approach by the Bank requires an agreement between the riparians before it would finance a project on an international waterway. The first Operational Memorandum (OM 8 of 1956) was issued because of the Turkey's objection to the Ghab Project in Syria. The 1985 OMS was issued because of the Iran's objection to the Igdir-Aksu Project in Turkey. The Madrid Declaration prohibited causing harm to other riparians. Salzburg Resolution applies to the water usage over the territory of two or more states. The Athens Resolution confirms the right of the states to exploit their own resources without causing pollution in international water bodies. The ILA adopted the Helsinki Rules on the Uses of the Waters of International Rivers. The current policy for projects on international waterways applies only to the World Bank. It is the only international financial institution with detailed polices for projects on international waterways.

Keywords: Athens Resolution; Bank policy; Helsinki Rules; ILA; Iran; Madrid Declaration; OMS; riparians; Salzburg Resolution; Turkey



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