In September 2023, ICSID presented its Annual Report, highlighting several points of interest, including:

• Case statistics: During the fiscal year, ICSID administered a total of 329 cases, with 45 new cases registered, mainly treaty-based investment arbitrations. 68% of the proceedings were successfully concluded, and a total of 209 hearings were held.
  
  
• Regional trends: Most of the cases involved States from Central America and the Caribbean (22%), followed by Eastern Europe and Central Asia (18%).
  
  
• Economic sectors: The most common sectors in new cases were oil, gas, and mining (27%), and electricity and other forms of energy (15%).
  
  
• Appointments: A total of 173 appointments were made to tribunals and committees, with 22% of the appointees being women.

Additionally, the report highlights that in 2023, ICSID modernized its procedural rules, a process that took more than five years and was supported by 85% of its Member States. According to ICSID, the new rules enhance efficiency and transparency in the proceedings and introduce a mediation framework to resolve international investment disputes.

Moreover, ICSID strengthened its international partnerships, collaborating with institutions such as UNCITRAL and the World Bank, promoting the use of its services in dispute resolution. According to the Report, this reinforces ICSID’s role as a leading global institution.

Access the full report here.