International Centre for Settlement of Investment Disputes
The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank Group, headquartered in Washington, D.C., in the United States. It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Reconstruction and Development's executive directors and signed by member countries. As of May 2016[update], 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention.
|Type||Dispute resolution organization|
|Headquarters||Washington, D.C., United States|
|163 countries (signatory and contracting states)|
154 countries(contracting states only)
|World Bank Group|
The center performs advisory activities and maintains several publications.