This article presents a retrospection of India-Pakistan Indus Mediation (1951-1960) that culminated in the Indus Waters Treaty (IWT) from the perspective of Waltz's levels of analysis. It argues that apart from the factors at the individual and domestic levels of India and Pakistan, it was the US-USSR Cold war rivalry coupled with the India-Pakistan security dilemma at the international level that goaded the Mediation to succeed. The US sought to resolve the India-Pakistan water dispute as a first step to resolve the Kashmir dispute before the USSR could intervene in the region in the pretext of the Kashmir dispute. The India-Pakistan security dilemma compelled India and Pakistan to accept the offices of the World Bank and sign the IWT in 1960.
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