This chapter and Chapters 4 and 5 are devoted to the fashioning of the text of the ICSID Convention in the period 1962 to 1965. The organization undertaking the task, the World Bank, differed in some obvious ways from the Bank today. Its membership had increased to 102 countries by 1965. But none of the Soviet bloc countries belonged to the Bank. China was represented in the IBRD by the Taiwan government. Reflecting the smaller membership, there were just 20 Executive Directors of the Bank.1 At about 40 annually, the number of IBRD lending operations was...
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