Present Cik Jaafar

8/14/2019 Present Cik Jaafar

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History of nternational inance Corporation (IFC )

member of the World Bank Group and isheadquartered in Washington, DC

shares the primary objective of all WorldBank Group institutions

Established in 1956,the largestmultilateral source of loan and equityfinancing for private sector projects in

the developing worldhas 182 member countries; collectivelydetermine its policies and approveinvestments


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oles of Internat ional inance Corporation (IFC )

Financing private sector projects andcompanies located in the developingworld

Helping private companies in thedeveloping world mobilize financing ininternational financial markets

Providing advice and technical assistanceto businesses and governments

IFC helps companies and financialinstitutions in emerging markets create

jobs, generate tax revenues, improvecorporate governance and

environmental performance, andcontribute to their local communities


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Development of IFCIFC invests in enterprises majority-owned by

the private sector throughout mostdeveloping countries in the world.

There are include:1. Sub-Saharan Africa2. East Asia & the Pacific3. South Asia

4. Europe & Central Asia5. Latin America & the Caribbean6. Middle East & North Africa


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IFC has 182 member countries. To join IFC, acountry must:

Be a member of the World Bank (IBRD);Have signed IFC's Articles of Agreement ;and

Have deposited with the World Bank Group's

Corporate Secretariat an Instrument of Acceptance of IFC's Articles of Agreement


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:The initiatives include

Debt & Asset Recovery ProgramMicrofinance Enhancement FacilityTrade Finance Programs

IFC Capitalization FundInfrastructure Crisis FacilityIFC Advisory ServicesTargeted Regional Responses


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About Multilateral Investment( )Guarantee Agency MIGA

As a member of the WorldBank Group, MIGA's missionis to promote foreign directinvestment (FDI) intodeveloping countries tohelp support economicgrowth, reduce poverty, andimprove people's lives.


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The FDI Programme The private sectors must help the

government in order to reduce thegovernment burden.

Such as they can build roads, schools,houses for poor and many more.

Furthermore, it can helps the government toimprove the economies grow by providing

jobs and spend money to invest forfactories, agriculture sectors and tourism.


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Role of MIGAproviding political risk insurance

for foreign investments indeveloping countries

helps countries define andimplement strategies topromote investment throughtechnical assistanceservices(also known asForeign Investment and

Advisory Services )


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attracting investors and privateinsurers into difficult operatingenvironments

offers comparative advantages inareas such as countries eligible

for assistant, conflict- affectedenvironment and complex dealin infrastructures

ability to restore the businesscommunity's confidence, forongoing collaboration withthe public and private insurance

market


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MIGA s developmentMIGAs political risk insurance

encourages responsible andsustainable foreign directinvestment, which promotesgrowth, creates jobs, andimproves the lives of people indeveloping countries.

According to the 2008 GlobalDevelopment Finance report,

private capital inflows to

developing countries surged to-


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MIGA can play a critical role in encouraging FDIback into a country after a period of conflict.

Since its inception, MIGA has supported 159projects with guarantees totaling $2.9 billionin 24 conflict-affected countries.

The development benefits have been far-reaching: providing basic infrastructure;getting financial sectors back on their feet;allowing governments to allocate limited

funds to critical social programs; andrestoring private sector confidence.


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History of International Centre for Settlement of Investment

( )Disputes ICSIDICSID is an autonomous international institution

established under the Convention on theSettlement of Investment Disputes betweenStates and Nationals of Other States with overone hundred and forty three member States.

The ICSID Convention is a multilateral treatyformulated by the Executive Directors of theInternational Bank for Reconstruction andDevelopment (the World Bank). It was openedfor signature on March 18, 1965 and enteredinto force on October 14, 1966.

ICSID was created by the Convention as animpartial international forum providingfacilities for the resolution of legal disputesbetween eligible parties, through conciliationor arbitration procedures. Recourse to the

'


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..Con tICSID was created by the Convention as

an impartial international forumproviding facilities for the resolution of legal disputes between eligible parties,through conciliation or arbitrationprocedures.

Recourse to the ICSID facilities is alwayssubject to the parties' consent.

Today, ICSID is considered to be theleading international arbitration

institution devoted to investor-State


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ROLES OF ICSIDPart of the World Bank Group, is an

arbitration forum between governmentsand foreig n investors to settle investmentdisputes.

ICSID's organizational structure consists of an administrative council chaired by theWorld Ban k president and a secretariat.


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The ICSID secretariat supports the tribunalsand committees that form during anarbitration.

ICSID's role in settling disputes that havearisen out of the measures a governmenthas taken to shield its citizens fromeconomic crisis is controversial, and itremains to be seen how the global crisis of 2008 may see a turning of the tablestowards investors from the South bringingcases against government's of the North.


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DEVELOPMENT OF ICSID

Use of ICSID has expanded rapidly asbilateral investment treaties (BITs) haveincreased from 385 in 1989 to over 3,000

today, with two thirds of internationalinvestment disputes going through ICSID.Correspondingly, ICSID's revenues fromarbitration proceedings have increased

from $250,000 a decade ago to $17 millionin 2008.


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ICSID was established with 20 membersthrough a Convention in 1966. Today thereare 143 contracting states. Bolivia is theonly country to have officially withdrawnfrom ICSID in 2007 and Ecuador recentlyhas begun the exit procedure .

ICSID has an Administrative Council and aSecretariat. The Administrative Council ischaired by the World Bank's President andconsists of one representative of eachState which has ratified the Convention.Annual meetings of the Council are held inconjunction with the joint Bank/Fund

annual meetings.


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ActivitiesICSID provides facilities for the conciliation

and arbitration of disputes betweenmember countries and investors whoqualify as nationals of other member

countries.

ICSID in the field of the settlement of disputes has consisted in the Secretary-

General of ICSID accepting to act as theappointing authority of arbitrators for adhoc (i.e., non-institutional) arbitrationproceedings.


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ICSID also carries on advisory and researchactivities, publishing Investment Laws of the World and of Investment Treaties ,and collaborates with other World Bank

Group units. Since April 1986, the Centrehas published a semi-annual law journalentitled ICSID Review-ForeignInvestment Law Journal.

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