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Home > QFINANCE Dictionary > Definition of International Centre for Settlement of Investment Disputes

Definition of

International Centre for Settlement of Investment Disputes

Banking

part of World Bank Group one of the five institutions that comprise the World Bank Group, based in Washington, DC. It was established in 1966 to undertake the role previously undertaken in a personal capacity by the president of the World Bank in assisting in mediation or conciliation of investment disputes between governments and private foreign investors. The overriding consideration in its establishment was that a specialist institution could help to promote increased flows of international investment. Although ICSID has close links to the World Bank, it is an autonomous organization.

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Definitions of ’International Centre for Settlement of Investment Disputes’ and meaning of ’International Centre for Settlement of Investment Disputes’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’International Centre for Settlement of Investment Disputes’ and other financial terms with our online QFINANCE Financial Dictionary.

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