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Document Type: Publications & Research × Document Type: World Bank Annual Report × Sustainable Development Goals: SDG 16: Peace, Justice and Strong Institutions ×

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    International Centre for Settlement of Investment Disputes (ICSID) 2024 Annual Report
    (Washington, DC: World Bank, 2024-11-05) International Centre for Settlement of Investment Disputes
    The International Centre for Settlement of Investment Disputes (ICSID) has evolved significantly over the past fifteen years. Demand for ICSID’s services has grown in concert with an increase in foreign investment and an expanding network of international investment agreements. By leveraging new technologies and modernizing procedural rules, ICSID has ensured world-class quality and efficiency in its case administration services. The sustained growth in membership has been a testament to the value States place in ICSID as the only global institution dedicated to international investment dispute settlement. The 2024 fiscal year (FY2024) saw strong demand for ICSID’s services, with the second-highest number of registered and administered cases in ICSID’s history. Also notable over the fiscal year was the sustained progress in enhancing the diversity of arbitrators, conciliators, and ad hoc committee members appointed to ICSID cases. This includes: a record 49 nationalities were represented amongst the appointments made in FY2024; 29 percent of all appointments involved women; 50 percent percent of first-time appointees involved nationals of low- or middle-income economies. Additional highlights in FY2024 include a record number of concluded proceedings, as ICSID continues to work with tribunals and parties to reduce the time of cases. Also, for the first time, a Regional Economic Integration Organization - the European Union was a party to an ICSID proceeding.