The Road to the SDGs

and Guarantee of Investments among OIC Member States. X Based on an official request by the Secretary General of the OIC, the President of IsDB agreed to assign IsDB’s Legal Division to provide special technical assistance to the OIC General Secretariat towards implementing the above-stated decision of the CFM. X Since 2018, IsDB, through its Legal Division, has been leading the OIC Secretariat General’s efforts to establish a permanent mechanism for the settlement of investment disputes. ACHIEVEMENTS X The main tangible results of the initiative include the expected enhancement of the investment climate in MCs, by giving investors and MCs hosting them a predictable forum to resolve their investment disputes. X The initiative is in an advanced stage of implementation and has thus far achieved the following outcomes: – Endorsement by the CFM of a Concept Note prepared by IsDB regarding a resolution on intra- OIC trade and investment, tourism and transportation, adopted during its 46 th session held in Abu Dhabi in March 2019, setting out a technical proposal for the establishment of a permanent dispute settlement mechanism – Submission of the draft Protocol to the OIC Investment Treaty on Investment Dispute Settlement to the CFM convened in Niamey, Niger, in November 2020. INVESTMENT X The initiative is creating a favourable climate for future investment in MCs by bringing clarity and predictability to the existing dispute settlement system of the OIC Investment Agreement. E N H A N C I N G T H E E N A B L I N G E N V I R O N M E N T The initiative is expected to enhance IsDB’s position as a South-South institution that works to strengthen regional integration and cooperation while harnessing the strength and potential of its MCs [ 85 ] T H E R O A D T O T H E S D G s | P R O G R E S S A N D A C H I E V E M E N T S