RE: ICSID22 Jan 2022 10:29
" The World Bank is an international public body."
Indeed - but ICSID is effectively independent of the World Bank as far as governance goes - and the World Bank is only accountable to its members - who are all sovereign governments 99.9% of whom couldn't give a cent for RKH
ICSID is governed by its Administrative Council which meets annually and elects the center's secretary-general and deputy secretary-general, approves rules and regulations, conducts the center's case proceedings, and approves the center's budget and annual report. The council consists of one representative from each of the center's contracting member states and is chaired by the President of the World Bank Group, although the president may not vote. ICSID's normal operations are carried out by its secretariat, which comprises 40 employees and is led by the secretary-general of ICSID. The secretariat provides support to the Administrative Council in conducting the center's proceedings. It also manages the center's Panel of Conciliators and Panel of Arbitrators. Each contracting member state may appoint four persons to each panel.[6]:?15? In addition to serving as the center's principal, the secretary-general is responsible for legally representing ICSID and serving as the registrar of its proceedings