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The World Bank and ICSID: Family or Incestuous Ties?

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This article attempts to clarify the different issues regarding the links and the possible conflicts of interest between the World Bank, the parent institution, and the International Centre for the Settlement of Investment Disputes (ICSID), the child. Structural issues, philosophical problems concerning the possible bias when judging World Bank's policies, and the involvement of former Bank officials in ICSID tribunals will be considered in turn. The amendment of the Arbitration Rules in April 2006 raised many hopes but fell short of solving some of the practical problems that result from the close ties between these two Washingtonian institutions. Some necessary structural changes should thus be envisaged for ICSID.

Affiliations: 1: International Case Law review in the Revue Québécoise de Droit International

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