The International Centre for Settlement of Investment Disputes (ICSID) is an international institution established in 1966 under the auspices of the World Bank. It provides facilities for the arbitration and conciliation of investment disputes between governments and foreign investors, aiming to promote international investment by ensuring fair and efficient dispute resolution. ICSID is governed by the ICSID Convention, which has been ratified by numerous countries. The Centre plays a crucial role in fostering a stable investment climate by offering a neutral platform for resolving conflicts, thereby encouraging economic development and cooperation among nations.