The Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention) was signed today on behalf of the Republic of South Sudan by H.E. Kosti Manibe Ngai, Minister of Finance and Economic Planning. The Minister was accompanied at the signing ceremony by other representatives of the Government of South Sudan and Embassy officials. The signing ceremony was also attended by World Bank and ICSID officials and staff. Following its signature, South Sudan deposited with the World Bank an Instrument of Ratification of the Convention.
In accordance with Article 75 of the ICSID Convention, the World Bank has notified all ICSID Convention signatory States of South Sudan’s signature and ratification.
In accordance with Article 68(2), the ICSID Convention will enter into force for South Sudan on May 18, 2012.
World Bank Copyright © 2012 Photographer: Deborah Campos