The World Bank Group consists of five organizations:
(5) The International Centre for Settlement of Investment Disputes (ICSID) is an international arbitration institution established in 1965 for legal dispute resolution and conciliation between international investors.
The 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], there were 153 contracting member states agree to enforce and uphold arbitral awards in accordance with the ICSID Convention.
The center performs advisory activities and maintains several publications.
