International Centre for Settlement of Investment Disputes (ICSID)

The International Centre for Settlement of Investment Disputes (ICSID) is an organization that helps resolve disputes between foreign investors and countries. Established in 1966, it provides a neutral forum where parties can settle conflicts arising from investments, such as disagreements over regulations or profits. This process is important for fostering international investment by ensuring that investors have a reliable way to address grievances, thus encouraging economic growth and stability. ICSID operates under the World Bank and its decisions are generally recognized as binding, providing a level of security for both investors and host nations.