ICSID (International Centre for Settlement of Investment Disputes)

The International Centre for Settlement of Investment Disputes (ICSID) is an international organization aimed at helping resolve disputes between foreign investors and countries. Established in 1966 as part of the World Bank, it provides a neutral forum for arbitration and conciliation, allowing both parties to settle conflicts over investment activities. ICSID's rules and procedures ensure fair treatment, with decisions enforceable in member countries. This mechanism helps promote international investment by providing assurance that investors have a reliable means to address grievances, ultimately fostering economic growth and stability.