The Indus Waters Treaty (IWT), signed in 1960 and brokered by the World Bank, governs water sharing between India and Pakistan. It grants India rights over the eastern rivers - Ravi, Beas, and Sutlej - while Pakistan controls the western rivers -Indus, Jhelum, and Chenab. The treaty aims to prevent conflict, ensure fair distribution, and support agriculture and livelihoods in both nations.