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in todays video well discuss international center for the settlement of investment disputes or icsid hello friends welcome to ixambi i welcome you to another video of k y c that is know your concepts where we try to let you understand basic economic and financial concepts in short videos in the last video we saw there are five institutions which together make the world bank group icsid is one of those five institutions if you have not watched the video yet you can find the link in the i button ics id was established in 1966 by the convention on the settlement of investment disputes between states and nationals of other states it is also called the icsid convention states have agreed on icsid as a forum for investor state dispute settlement in most international investment treaties and in numerous investment laws and contracts basically it settles disputes between investors and governments it also settles state state disputes under investment treaties and free trade agreements and ac