India should join World Bank's international investment dispute centre

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Although India actively participates with the World Bank and its affiliated institutions — the International Finance Corporation and the Multilateral Investment Guarantee Agency — it is not a signatory to ICSID.

The International Centre for Settlement of Investment Disputes (ICSID) is a World Bank Group institution set up in 1996, with a specific mandate to resolve disputes that arise between foreign investors and the countries in which they invest.

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Category: BusinessFinance

Markets: India

Topics: BS opinion Globalisation goals Indian economy World Bank FDI growth

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 23:09:19 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 93 words

Reading Time: 1 minutes read

Sentences: 5 lines

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Copyright Owner: © Business Standard

News ID: 23107172

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