97. Editorial Note
On September 7, President Eisenhower opened his press conference with a statement about the Indus Waters settlement. He noted in part as follows: “In a very depressing world picture that we see so often, there is one bright spot that seems to me worthy of mention, and that is the settling of the Indus River water problem between Pakistan and India.” For full text of his remarks, see Public Papers of the Presidents of the United States: Dwight D. Eisenhower, 1960–61, pages 679–680.
On September 19, India and Pakistan concluded a treaty governing the use of the waters of the Indus River. The agreement was signed in Karachi by Indian Prime Minister Jawaharlal Nehru, Pakistani President Mohammed Ayub Khan, and IBRD Vice President William A. B. Iliff. At the same time, an international financial agreement was signed in Karachi by representatives of the Governments of Australia, Canada, West Germany, New Zealand, Pakistan, Australia, the United Kingdom, and the United States, as well as the IBRD. That agreement provided for the establishment of an Indus Basin Development Fund of approximately $900 million to finance the construction of irrigation and other works in Pakistan in connection with the Indus Waters Treaty. For text of the treaty, see 419 UNTS 125; for text of the Indus Basin Development Fund Agreement, see 12 UST 20.