world_organizations medium Fill in the Blank

The World Bank's International Centre for Settlement of Investment Disputes (ICSID) provides facilities for conciliation and _____ of investment disputes between member countries and foreign investors.

  1. mediation
  2. arbitration
  3. litigation
  4. negotiation

Answer: arbitration

ICSID, established by the 1966 Washington Convention, offers neutral, rules-based arbitration and conciliation for international investment disputes. Its awards are binding and enforceable in member states' courts, promoting investor confidence and rule of law.

Topic World Bank
Exam Relevance Banking, UPSC, SSC
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