The International Centre for Settlement of Investment Disputes (ICSID or the Centre) is established by the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention or the Convention). The Convention was formulated by the Executive Directors of the International Bank for Reconstruction and Development (the World Bank). Haiti is one of the countries that have ratified the Convention to become Contracting States.
In accordance with the provisions of the Convention, ICSID provides facilities for conciliation and arbitration of investment disputes between Contracting States and nationals of other Contracting States. The provisions of the ICSID Convention are complemented by Regulations and Rules adopted by the Administrative Council of the Centre pursuant to Article 6(1)(a)–(c) of the Convention (the ICSID Regulations and Rules).
Haiti has been a contracting state since Jan. 30, 1985, paid its deposit of ratification on Oct. 27, 2009, and the convention entered into force for Haiti on Nov. 26, 2009.
As of Nov. 17, 2015, the convention has been entered into force by 152 states after depositing instruments of ratification.