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Facing The Challenges Of International Waterways

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Chapter Summary

The World Bank emphasised on reconstruction and restoration of the war-affected economies. The Bank paid particular attention in its early years to hydroelectric power projects. The early efforts of Europe to deal with shared rivers resulted in the adoption of the Final Act of the Congress of Vienna on June 9, 1815. The principles that addressed such issues were principle of absolute territorial sovereignty, absolute territorial integrity, limited territorial sovereignty and community of co-riparian states in the waters of an international river. Madrid Declaration embodies the principle of limited territorial sovereignty. The Geneva Convention basically dealt with development of hydropower on shared rivers and is regarded as the first international instrument to attempt addressing this subject. The Bank had to struggle with the issues arising from projects on international waterways and through extensive internal deliberations and the limited implementation experiences develop its own policy.

Keywords: Europe; Geneva Convention; international waterways; Madrid Declaration; World Bank

10.1163/ej.9789004178373.i-290.9
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