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Main Features Of The Current Bank Policy

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Chapter Summary

The Bank policy covers any river, canal, lake or similar body of water, tributary or other body of surface, bay, gulf, strait or channel bounded by two or more states. The OMS states that the Bank would not finance projects on international waterway that could harm the environment of a neighboring country without the consent of that country. The types of projects under the Bank policy are hydroelectric, irrigation, flood control, navigation or drainage work. The IIL's work has dealt with the obligation of each watercourse state not to cause harm to the other riparian states, whereas the ILA work emphasized the concept of equitable and reasonable utilization of the shared watercourse. "While the no-harm principle does qualify as an independent norm, it doesn't supersede the principle of equitable utilization. Instead, it plays a complementary role, triggering discussions between the states concerned and proscribing certain forms of serious harm."

Keywords: IIL; ILA; international waterway; OMS; Policy; riparian states



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