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. Its primary goal is to promote international investment by ensuring that disputes are resolved fairly and efficiently. ICSID is governed by the ICSID Convention, which outlines the rules and procedures for dispute resolution. Member countries can submit their disputes to ICSID, which offers a neutral platform for resolving conflicts, thereby fostering a stable environment for international investments.