Latin American states are actively exploring alternative mechanisms to the ICSID state-investor dispute mechanism which they claim has investor bias.
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El Salvador
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Finance
News
IMF takes steps to control cryptocurrency policies
Fund warns cryptocurrencies are a threat to global financial stability as El Salvador makes Bitcoin legal tender.
Private Sector
News
World Bank arbitration mechanism ICSID rules in favour of El Salvador
ICSID, a World Bank arm for investor-state dispute arbitration, ruled that the $250 million case brought by Pac Rim Cayman against El Salvador in 2009 was without merit.
Trade
News
ICSID problems in the spotlight
Civil society challenges ICSID role in El Salvador mining dispute as international lawyer accuses the arbitration forum of being “seriously flawed”
Finance
News
Loans for El Salvador emergency
The World Bank was accused of “behaving like vultures, like loan sharks” by US NGO 50 Years is Enough Campaign after it offered to help finance emergency relief efforts in El Salvador in the wake of January’s earthquake.
News
El Salvador to dollarise
El Salvador is planning to make the US dollar legal tender in January as part of efforts to strengthen the country’s economy.
