101-415: ICSID may refer to: International Centre for Settlement of Investment Disputes International Council of Societies of Industrial Design Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title ICSID . If an internal link led you here, you may wish to change the link to point directly to
202-531: A special autonomous status ( otonomi khusus ) from the central government. Aceh, a conservative Islamic territory , has the right to create some aspects of an independent legal system implementing sharia . Yogyakarta is the only pre-colonial monarchy legally recognised within Indonesia, with the positions of governor and vice governor being prioritised for the reigning Sultan of Yogyakarta and Duke of Pakualaman , respectively. The six Papuan provinces are
303-462: A dividing line ( Wallace Line ) between the distribution of Indonesia's Asian and Australasian species. It runs roughly north–south along the edge of the Sunda Shelf, between Kalimantan and Sulawesi, and along the deep Lombok Strait , between Lombok and Bali. Flora and fauna on the west of the line are generally Asian, while east from Lombok is increasingly Australian until the tipping point at
404-720: A legislature ( DPRD Kabupaten/Kota ). The third level are the districts ( kecamatan , distrik in Papua , or kapanewon and kemantren in Yogyakarta ), and the fourth are the villages (either desa , kelurahan , kampung , nagari in West Sumatra , or gampong in Aceh ). The village is the lowest level of government administration. It is divided into several community groups ( rukun warga , RW), which are further divided into neighbourhood groups ( rukun tetangga , RT). In Java,
505-487: A longer term target to further increase the coverage of its marine protected areas to 10% of its territorial waters, or 31 million hectares. Indonesia is a republic with a presidential system. Following the fall of the New Order in 1998, political and governmental structures have undergone sweeping reforms, with four constitutional amendments revamping the executive, legislative and judicial branches. Chief among them
606-545: A press bureau in the Netherlands, Indonesisch Pers-bureau . Fossilised remains of Homo erectus , popularly known as the " Java Man ", suggest the Indonesian archipelago was inhabited two million to 500,000 years ago. Homo sapiens reached the region around 43,000 BCE. Austronesian peoples , who form the majority of the modern population, migrated to Southeast Asia from what is now Taiwan. They arrived in
707-478: A range of sea and coastal ecosystems, including beaches , dunes, estuaries, mangroves, coral reefs, seagrass beds, coastal mudflats, tidal flats, algal beds, and small island ecosystems. Indonesia is one of the Coral Triangle countries with the world's most enormous diversity of coral reef fish , with more than 1,650 species in eastern Indonesia only. British naturalist Alfred Russel Wallace described
808-432: A respondent were in descending order: Argentina 49, Venezuela 36, Egypt 17, Ecuador 12, Congo 12, Peru 11 and Ukraine 10 times. Between 2009 and 2012, legal representation cost between US$ 1 and 7.6 million. The approximate duration of a case was 3.6 years. As of 2019, ICSID's caseload included 2% conciliation cases. The rest were arbitrations. ICSID is governed by its Administrative Council which meets annually and elects
909-442: A transaction entered into by Balochistan Development Authority finding in favour of Antofagasta PLC of Chile and Barrick Gold Corporation of Canada . Nevertheless, others have suggested this amount is a fair reflection of the fact that a potentially extraordinary asset ( Reko Diq Mine ) had effectively been seized seemingly without good reason. [REDACTED] World Bank Group Indonesia Indonesia , officially
1010-626: A treaty drafted by the International Bank for Reconstruction and Development 's executive directors and signed by member countries. As of May 2016 , 153 contracting member states agreed to enforce and uphold arbitral awards in accordance with the ICSID Convention. The centre performs advisory activities and maintains several publications. In the 1950s and 1960s, the Organisation for European Economic Cooperation (now
1111-520: A wealth of Asian fauna. Large species such as the Sumatran tiger , rhinoceros, orangutan, Asian elephant , and leopard were once abundant as far east as Bali, but numbers and distribution have dwindled drastically. Having been long separated from the continental landmasses, Sulawesi, Nusa Tenggara, and Maluku have developed their unique flora and fauna. Papua was part of the Australian landmass and
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#17327720469851212-569: Is US$ 15,835, while nominal per capita GDP is US$ 5,108. Services are the economy's largest sector and account for 43.4% of GDP (2018), followed by industry (39.7%) and agriculture (12.8%). Since 2009, it has employed more people than other sectors, accounting for 47.7% of the total labour force, followed by agriculture (30.2%) and industry (21.9%). Over time, the structure of the economy has changed considerably. Historically, it has been weighted heavily towards agriculture, reflecting both its stage of economic development and government policies in
1313-649: Is a founding member of the Association of Southeast Asian Nations ( ASEAN ) and the East Asia Summit . In common with most of the Muslim world , Indonesia does not have diplomatic relations with Israel and has actively supported Palestine . However, observers have pointed out that Indonesia has ties with Israel, albeit discreetly. Indonesia has been a member of the United Nations since 1950 and
1414-602: Is an international arbitration institution established in 1966 for legal dispute resolution and conciliation between international investors and States. ICSID is part of and funded by the World Bank Group , headquartered in Washington, D.C. , in the United States . It is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by
1515-404: Is believed to have caused a global volcanic winter and cooling of the climate and subsequently led to a genetic bottleneck in human evolution, though this is still in debate. The 1815 eruption of Mount Tambora and the 1883 eruption of Krakatoa were among the largest in recorded history. The former caused 92,000 deaths and created an umbrella of volcanic ash that spread and blanketed parts of
1616-536: Is elected for a five-year term, as are the party-aligned members of the DPR and the non-partisan DPD. Beginning with the 2015 local elections , elections for governors and mayors have occurred on the same date. In 2014, the Constitutional Court ruled that legislative and presidential elections would be held simultaneously, starting in 2019. Indonesia has several levels of subdivisions. The first level are
1717-403: Is generally below average in both regional and global context. Indonesia has one of the world's fastest deforestation rates. In 2020, forests covered approximately 49.1% of the country's land area, down from 87% in 1950. Since the 1970s, log production, various plantations and agriculture have been responsible for much of the deforestation in Indonesia . Most recently, it has been driven by
1818-754: Is highly unstable, making it a site of numerous volcanoes and frequent earthquakes. It lies on the Pacific Ring of Fire , where the Indo-Australian Plate and the Pacific Plate are pushed under the Eurasian Plate , where they melt at about 100 kilometres (62 miles) deep. A string of volcanoes runs through Sumatra, Java , Bali and Nusa Tenggara , and then to the Banda Islands of Maluku to northeastern Sulawesi . Of
1919-495: Is home to a unique fauna and flora closely related to that of Australia, including over 600 bird species. Indonesia is second only to Australia in terms of total endemic species, with 36% of its 1,531 species of bird and 39% of its 515 species of mammal being endemic. Indonesia harbours 83% of Southeast Asia's old-growth forest , and the highest amount of forest carbon in the region. Tropical seas surround Indonesia's 80,000 kilometres (50,000 miles) of coastline. The country has
2020-501: Is led by the secretary-general of ICSID. The secretariat provides support to the Administrative Council in conducting the centre's proceedings. It also manages the centre's Panel of Conciliators and Panel of Arbitrators. Each contracting member state may appoint four persons to each panel. In addition to serving as the centre's principal, the secretary-general is responsible for legally representing ICSID and serving as
2121-563: Is some policy recognition of OECMs but no national mechanism for reporting them. There are 55 national parks in Indonesia, of which 9 are predominantly marine . Of these 6 are World Heritage Sites , such as the Tropical Rainforest Heritage of Sumatra that includes three parks. Seven national parks are part of the World Network of Biosphere Reserves and 5 are wetlands of international importance under
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#17327720469852222-555: Is the delegation of power and authority to various regional entities while remaining a unitary state . The President of Indonesia is the head of state and head of government , commander-in-chief of the Indonesian National Armed Forces ( Tentara Nasional Indonesia , TNI), and the director of domestic governance, policy-making, and foreign affairs. The president may serve a maximum of two consecutive five-year terms. The highest representative body at
2323-498: Is the world's fourth-most-populous country and the most populous Muslim-majority country . Java, the world's most populous island , is home to more than half of the country's population. Indonesia is a presidential republic with an elected legislature . It has 38 provinces , of which nine have special autonomous status . The country's largest city, Jakarta , is the world's second-most-populous urban area . Indonesia shares land borders with Papua New Guinea , East Timor , and
2424-426: The 2006 Yogyakarta earthquake . Indonesia's size, tropical climate, and archipelagic geography support one of the world's highest levels of biodiversity , and it is among the 17 megadiverse countries identified by Conservation International . Its flora and fauna are a mixture of Asian and Australasian species. The Sunda Shelf islands (Sumatra, Java, Borneo, and Bali) were once linked to mainland Asia and have
2525-639: The Army (TNI–AD), Navy (TNI–AL, which includes Marine Corps ), and Air Force (TNI–AU). The army has about 400,000 active-duty personnel. Defence spending in the national budget was 0.7% of gross domestic product (GDP) in 2018, with controversial involvement of military-owned commercial interests and foundations. The Armed Forces were formed during the Indonesian National Revolution when it undertook guerrilla warfare along with informal militia. Since then, territorial lines have formed
2626-495: The Bali myna , Sumatran orangutan , and Javan rhinoceros . Some academics describe the deforestation and other environmental destruction in the country as an ecocide . As of 2023, the government of Indonesia has gazetted 21.3% of the country's land as protected areas , with the intention of developing a new protected area strategy in line with global post-2020 framework . The country also has 411 marine reserves , or 9% of
2727-611: The Constitutional Court ( Mahkamah Konstitusi ) which listens to constitutional and political matters, and the Religious Court ( Pengadilan Agama ), which deals with codified Islamic Personal Law ( sharia ) cases. Additionally, the Judicial Commission ( Komisi Yudisial ) monitors the performance of judges. Since 1999, Indonesia has had a multi-party system. In all legislative elections since
2828-471: The Consumer Price Index have contributed to strong economic growth in recent years. From 2007 to 2019, annual growth accelerated to between 4% and 6% due to improvements in the banking sector and domestic consumption, helping Indonesia weather the 2008–2009 Great Recession , and regain in 2011 the investment grade rating it had lost in 1997. As of 2019 , 9.41% of the population lived below
2929-737: The Hong Kong International Arbitration Centre , and the Centre for Arbitration and Conciliation at the Chamber of Commerce of Bogota. ICSID has sometimes been the target of criticism about grossly inequitable judgements. Notably, Jeffrey Sachs suggested that the US$ 5.9 billion judgement against Pakistan in relation to rights presumed by Tethyan Copper Company amounted to a "flawed and corrupt investment arbitration process". The Pakistan Supreme Court had voided
3030-617: The Japanese invasion and occupation ended Dutch rule and encouraged the independence movement. Two days after the surrender of Japan in August 1945, influential nationalist leaders Sukarno and Mohammad Hatta issued the Proclamation of Indonesian Independence . Sukarno, Hatta, and Sutan Sjahrir were appointed president, vice-president, and prime minister, respectively. The Netherlands attempted to re-establish their rule. In
3131-733: The Maluku Islands . Dutch and British traders followed. In 1602, the Dutch established the Dutch East India Company ( Verenigde Oostindische Compagnie ; VOC) and became the dominant European power for almost 200 years. The VOC was dissolved in 1799 following bankruptcy, and the Netherlands established the Dutch East Indies as a nationalised colony. For most of the colonial period , Dutch control over
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3232-466: The Organisation for Economic Co-operation and Development ) had made several attempts to create a framework to protect international investments, but its efforts revealed conflicting views on how to provide compensation for the expropriation of foreign direct investment . In 1961, Aron Broches , then-General Counsel of the International Bank for Reconstruction and Development (IBRD), developed
3333-452: The Organisation of Islamic Cooperation . The name Indonesia derives from the Greek words Indos ( Ἰνδός ) and nesos ( νῆσος ), meaning "Indian islands". The name dates back to the 19th century, far predating the formation of independent Indonesia. In 1850, George Windsor Earl , an English ethnologist , proposed the terms Indunesians —and, his preference, Malayunesians —for
3434-556: The Prosperous Justice Party (PKS). The first general election was held in 1955 to elect members of the DPR and the Constitutional Assembly ( Konstituante ). The most recent elections in 2019 resulted in nine political parties in the DPR, with a parliamentary threshold of 4% of the national vote. At the national level, Indonesians did not elect a president until 2004. Since then, the president
3535-529: The Ramsar convention . Around 9% of the Indonesia surface are national parks. As of 2012 Indonesia had over 100 marine protected areas covering an area of 15.7 million ha, of which 32 where managed by the Ministry of Forestry while the rest where managed by local governments. In 2009 the president Susilo Bambang Yudhoyono declared a target of reaching 20 million hectares by 2020. In 2010 Indonesia also set out
3636-598: The Republic of Indonesia , is a country in Southeast Asia and Oceania , between the Indian and Pacific oceans. It consists of over 17,000 islands , including Sumatra , Java , Sulawesi , and parts of Borneo and New Guinea . Indonesia is the world's largest archipelagic state and the 14th-largest country by area , at 1,904,569 square kilometres (735,358 square miles). With over 280 million people, Indonesia
3737-715: The UNHRC have raised the issue of human rights abuses committed by Indonesian troops in Papua such as extrajudicial killings and forced disappearances. Past engagements of the army include the conflict against the Netherlands over the Dutch New Guinea , the opposition to the British -sponsored creation of Malaysia (" Konfrontasi "), the mass killings of the Indonesian Communist Party (PKI), and
3838-652: The Ugandan government to court in November 2012 after value-added tax (VAT) was placed on goods and services the firm purchased for its operations in the country. The Ugandan government responded that the company had no right to claim tax on such goods prior to commencement of drilling. Tobacco major Philip Morris sued Uruguay for alleged breaches to the Uruguay-Swiss BIT for requiring cigarette packs to display graphic health warnings and sued Australia under
3939-905: The United Nations Commission on International Trade Law (UNCITRAL)'s arbitration regulations. The centre provides administrative and technical support for a number of international dispute resolution proceedings through alternative facilities such as the Permanent Court of Arbitration in The Hague , Netherlands , the London Court of International Arbitration , and the International Chamber of Commerce in Paris , France. ICSID also conducts advisory activities and research and publishes Investment Laws of
4040-489: The Weber Line . In his 1869 book, The Malay Archipelago , Wallace described numerous species unique to the area. The region of islands between his line and New Guinea is now termed Wallacea . Indonesia's large and growing population and rapid industrialisation present serious environmental issues . They are often given a lower priority due to high poverty levels and weak, under-resourced governance. Problems include
4141-489: The eastern part of Malaysia , as well as maritime borders with Singapore , Peninsular Malaysia , Vietnam , Thailand , the Philippines , Australia , Palau , and India . Despite its large population and densely populated regions, Indonesia has vast areas of wilderness that support one of the world's highest levels of biodiversity . The Indonesian archipelago has been a valuable region for trade since at least
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4242-682: The invasion of East Timor , the latter having been Indonesia's most massive military operation. Indonesia has a mixed economy in which the private sector and government play vital roles. As the only G20 member state in Southeast Asia, the country has the largest economy in the region and is classified as a newly industrialised country . Per a 2023 estimate, it is the world's 16th largest economy by nominal GDP and 7th in terms of GDP at PPP , estimated to be US$ 1.417 trillion and US$ 4.393 trillion, respectively. Per capita GDP in PPP
4343-436: The palm oil industry, which has been criticised for its environmental impact and displacement of local communities. The situation has made Indonesia the world's largest forest-based emitter of greenhouse gases. It also threatens the survival of indigenous and endemic species. The International Union for Conservation of Nature (IUCN) identified 140 species of mammals as threatened and 15 as critically endangered, including
4444-436: The provinces , which have a legislature ( Dewan Perwakilan Rakyat Daerah , DPRD) and an elected governor . A total of 38 provinces have been established from the original eight in 1945, the most recent change being the split of Southwest Papua from the province of West Papua in 2022. The second level are the regencies ( kabupaten ) and cities ( kota ), led by regents ( bupati ) and mayors ( walikota ), respectively, and
4545-410: The tropical rainforest climate found on every large island of Indonesia. Cooler climate types exist in mountainous regions that are 1,300 to 1,500 metres (4,300 to 4,900 feet) above sea level. The oceanic climate (Köppen Cfb ) prevails in highland areas adjacent to rainforest climates, with uniform precipitation year-round. In highland areas near the tropical monsoon and tropical savanna climates ,
4646-413: The 1950s and 1960s to promote agricultural self-sufficiency. A gradual process of industrialisation and urbanisation began in the late 1960s and accelerated in the 1980s as falling oil prices saw the government focus on diversifying away from oil exports and towards manufactured exports. This development continued throughout the 1980s and into the next decade despite the 1990 oil price shock , during which
4747-411: The 400 volcanoes, around 130 are active. Between 1972 and 1991, there were 29 volcanic eruptions, mostly on Java. Volcanic ash has made agricultural conditions unpredictable in some areas. However, it has also resulted in fertile soils, a factor in historically sustaining the high population densities of Java and Bali. A massive supervolcano erupted at present-day Lake Toba around 70,000 BCE. It
4848-1419: The Asian-African Legal Consultative Committee in Cairo , in Kuala Lumpur , or in Lagos , the Australian Centre for International Commercial Arbitration in Melbourne , the Australian Commercial Disputes Centre in Sydney, the Singapore International Arbitration Centre, the Gulf Cooperation Council Commercial Arbitration Centre in Bahrain, the German Institution of Arbitration, the Maxwell Chambers in Singapore,
4949-827: The Australia-Hong Kong BITS for requiring plain packaging for its cigarettes. The company claimed that the packaging requirements in both countries violate its investment. In the context of Nuclear power phase-out in Germany, Swedish Energy company Vattenfall sought compensation from the German government for the premature shut-down of nuclear plants. In July 2024, the International Center for Settlement of Investment Disputes ordered Morocco to pay $ 150 million to Corral Petroleum Holdings. Bilateral investment treaties (BITs) proliferated during
5050-643: The Cold War. Numerous attempts by the United States and the Soviet Union , and China to some degree, culminated in the 1965 coup attempt and subsequent upheaval that led to a reorientation of foreign policy. Quiet alignment with the Western world while maintaining a non-aligned stance has characterised Indonesia's foreign policy since then. Today, it maintains close relations with its neighbours and
5151-451: The East ( de Oost ); and Insulinde . After 1900, Indonesia became more common in academic circles outside the Netherlands, and native nationalist groups adopted it for political expression. Adolf Bastian of the University of Berlin popularized the name through his book Indonesien oder die Inseln des Malayischen Archipels, 1884–1894 . The first native scholar to use the name was Ki Hajar Dewantara when in 1913, he established
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#17327720469855252-495: The GDP rose at an average rate of 7.1%. As a result, the official poverty rate fell from 60% to 15%. Trade barriers reduction from the mid-1980s made the economy more globally integrated. The growth ended with the 1997 Asian financial crisis that severely impacted the economy, including a 13.1% real GDP contraction in 1998 and a 78% inflation. The economy reached its low point in mid-1999 with only 0.8% real GDP growth. Relatively steady inflation and an increase in GDP deflator and
5353-430: The IBRD's board of directors to finalize the draft and have it approved. The board of directors approved the final draft of the agreement, titled Convention on the Settlement of Investment Disputes between States and Nationals of Other States , and the Bank president disseminated the convention to its member states for signature on 18 March 1965. Twenty states immediately ratified the convention. The convention established
5454-764: The ICSID Convention in 2009 but rejoined in 2021. All ICSID contracting member states, whether or not they are parties to a given dispute, are required by the ICSID Convention to recognize and enforce ICSID arbitral awards. The following member states have signed the ICSID convention (date in parentheses), but have not ratified it. Brazil , India and South Africa are countries with large economies that have never been ICSID members. ICSID does not conduct arbitration or conciliation proceedings itself, but offers institutional and procedural support to conciliation commissions, tribunals, and other committees which conduct such matters. The centre has two sets of rules that determine how cases will be initiated and conducted, either under
5555-423: The ICSID Convention, Regulations and Rules or the ICSID Additional Facility Rules. To be processed in accordance with the ICSID Convention, a legal dispute has to exist between one of the centre's contracting member states and a national of another contracting member state. It must also be of a legal nature and relate directly to an investment. A case can be processed under the ICSID Additional Facility Rules if one of
5656-415: The ICSID would become officially active on 14 October 1966. Since its founding, more than 1,000 cases have been brought to ICSID, all but 14 of which were arbitration cases. The remainder were conciliation cases. As of 2024, more than 700 cases have been concluded. The Indonesian government was sued in June 2012 by a London -based mining company Churchill Mining after the local government revoked
5757-407: The Philippines, Palau, and Australia. At 4,884 metres (16,024 ft), Puncak Jaya is Indonesia's highest peak, and Lake Toba in Sumatra is the largest lake, with an area of 1,145 km (442 sq mi). Indonesia's largest rivers are in Kalimantan and New Guinea and include Kapuas , Barito , Mamberamo , Sepik and Mahakam . They serve as communication and transport links between
5858-489: The Spice Islands of Maluku during the Age of Discovery . Following three and a half centuries of Dutch colonialism , Indonesia secured its independence after World War II . Indonesia's history has since been turbulent, with challenges posed by natural disasters, corruption, separatism, a democratisation process, and periods of rapid economic growth. Indonesia consists of thousands of distinct native ethnic groups and hundreds of linguistic groups, with Javanese being
5959-443: The UN) scattered over both sides of the equator, around 6,000 of which are inhabited. The largest are Sumatra , Java , Borneo (shared with Brunei and Malaysia), Sulawesi , and New Guinea (shared with Papua New Guinea). Indonesia shares land borders with Malaysia on Borneo and Sebatik , Papua New Guinea on the island of New Guinea, East Timor on the island of Timor , and maritime borders with Singapore, Malaysia, Vietnam,
6060-420: The World and of Investment Treaties . Since April 1986, the centre has published a semi-annual law journal entitled ICSID Review: Foreign Investment Law Journal . Although ICSID's proceedings generally take place in Washington, D.C., parties may agree that proceedings be held at one of a number of possible alternative locations, including the Permanent Court of Arbitration, the Regional Arbitration Centres of
6161-399: The archipelago and made much of the Northern Hemisphere without summer in 1816 . The latter produced the loudest sound in recorded history and caused 36,000 deaths due to the eruption itself and the resulting tsunamis, with significant additional effects around the world years after the event. Recent catastrophic disasters due to seismic activity include the 2004 Indian Ocean earthquake and
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#17327720469856262-560: The archipelago around 2,000 BCE and confined the native Melanesians to the far eastern regions as they spread east. Ideal agricultural conditions and the mastering of wet-field rice cultivation as early as the eighth century BCE allowed villages, towns, and small kingdoms to flourish by the first century CE. The archipelago's strategic sea-lane position fostered inter-island and international trade, including with Indian kingdoms and Chinese dynasties, from several centuries BCE. Trade has since fundamentally shaped Indonesian history. From
6363-464: The archipelago was tenuous. Dutch forces were engaged continuously in quelling rebellions on and off Java. The influence of local leaders such as Prince Diponegoro in central Java, Imam Bonjol in central Sumatra, Pattimura in Maluku , and the Aceh War weakened the Dutch and tied up the colonial military forces. Only in the early 20th century did Dutch dominance extend to what was to become Indonesia's current boundaries. During World War II,
6464-427: The basis of all TNI branches' structure, aimed at maintaining domestic stability and deterring foreign threats. The military has possessed a strong political influence since its founding, which peaked during the New Order . Political reforms in 1998 included the removal of the TNI's formal representation from the legislature. Nevertheless, its political influence remains, albeit at a reduced level. Since independence,
6565-441: The beginning of the Indonesian National Revolution , the Dutch recognised Indonesian independence in the face of international pressure in December 1949, following the Dutch–Indonesian Round Table Conference . Despite political, social, and sectarian divisions, Indonesians found unity in their fight for independence. As president, Sukarno moved Indonesia from democracy towards authoritarianism and maintained power by balancing
6666-470: The centre's secretary-general and deputy secretary-general, approves rules and regulations, conducts the centre's case proceedings, and approves the centre's budget and annual report. The council consists of one representative from each of the centre'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
6767-431: The concession rights held by a local company in which the firm had invested. The government is countering the Churchill case, claiming that Churchill did not have the correct type of mining licences. In October 2012, an ICSID tribunal awarded a judgement of $ 1.8 billion for Occidental Petroleum against the government of Ecuador . Additionally, Ecuador had to pay $ 589 million in backdated compound interest and half of
6868-422: The costs of the tribunal, making its total penalty around $ 2.4 billion. The South American country annulled a contract with the oil firm on the grounds that it violated a clause that the company would not sell its rights to another firm without permission. The tribunal agreed the violation took place but judged that the annulment was not fair and equitable treatment to the company. Irish oil firm Tullow Oil took
6969-499: The country hardest hit by the 1997 Asian financial crisis . It brought out popular discontent with the New Order's corruption and suppression of political opposition and ultimately ended Suharto's presidency. In 1999, East Timor seceded from Indonesia, following its 1975 invasion by Indonesia and a 25-year occupation marked by international condemnation of human rights abuses . Since 1998, democratic processes have been strengthened by enhancing regional autonomy and instituting
7070-456: The country has struggled to maintain unity against local insurgencies and separatist movements. Some, notably in Aceh and Papua , have led to an armed conflict and subsequent allegations of human rights abuses and brutality from all sides. The former was resolved peacefully in 2005, while the latter has continued amid a significant, albeit imperfect, implementation of regional autonomy laws. Reports from Amnesty , Human Rights Watch , and
7171-446: The country's first direct presidential election in 2004 . Political, economic and social instability, corruption, and instances of terrorism remained problems in the 2000s; however, the economy has performed strongly since 2007. Although relations among the diverse population are mostly harmonious, acute sectarian discontent and violence remain problematic in some areas. A political settlement to an armed separatist conflict in Aceh
7272-415: The country's total maritime area, and has set a target to increase this to 30% by 2045. However, a 2023 study suggested this target is not on track and that existing marine reserves are poorly managed. Around 390 marine areas are managed in some way by government bodies, communities, and other sectors, with potential for these to be considered other effective area-based conservation measures (OECMs). There
7373-432: The destruction of peatlands, large-scale illegal deforestation (causing extensive haze across parts of Southeast Asia ), over-exploitation of marine resources, air pollution, garbage management, and reliable water and wastewater services . These issues contribute to Indonesia's low ranking (number 116 out of 180 countries) in the 2020 Environmental Performance Index . The report also indicates that Indonesia's performance
7474-539: The dominant religion in Java and Sumatra by the end of the 16th century. For the most part, Islam overlaid and mixed with existing cultural and religious influences, which shaped the predominant form of Islam in Indonesia, particularly in Java. The first Europeans arrived in the archipelago in 1512, when Portuguese traders, led by Francisco Serrão , sought to monopolise the sources of nutmeg , cloves , and cubeb pepper in
7575-651: The executive branch. Reforms since 1998 have markedly increased its role in national governance, while the DPD is a new chamber for matters of regional management. Most civil disputes appear before the State Court ( Pengadilan Negeri ); appeals are heard before the High Court ( Pengadilan Tinggi ). The Supreme Court of Indonesia ( Mahkamah Agung ) is the highest level of the judicial branch and hears final cessation appeals and conducts case reviews. Other courts include
7676-728: The fall of the New Order , no political party has won an overall majority of seats. The Indonesian Democratic Party of Struggle (PDI-P) secured the most votes in the 2024 general election , becoming their third consecutive wins since 2014. Other notable parties include the Party of the Functional Groups ( Golkar ), the Great Indonesia Movement Party ( Gerindra ), the Democratic Party , and
7777-1061: The first decade of the 21st century, reaching more than 2,500 by 2007. Many such treaties contain text that refers present and future investment disputes to ICSID. As of 30 June 2012, ICSID has registered 390 disputes. ICSID's caseload consisted of 88% convention arbitration cases, 2% convention conciliation cases, as well as 9% additional facility arbitration cases, and 1% additional facility conciliation cases. ICSID's registered cases were distributed across oil, gas and mining (25%), electricity and other energy (13%), other industries (12%), transportation industry (11%), construction industry (7%), financial industry (7%), information industry and communication industry (6%), water industry , sanitation, and food protection (6%), agriculture, fishing, and forestry (5%), services and trade (4%), and tourism industry (4%). As of 27 July 2012 , 246 of 390 registered arbitration cases were concluded, as of 30 June 2012 , ICSID tribunals had resolved nearly two thirds (62%) of disputes while
7878-438: The frequency of drought and food shortages (with an impact on precipitation and the patterns of wet and dry seasons, and thus Indonesia's agriculture system ) as well as numerous diseases and wildfires. Rising sea levels would also threaten most of Indonesia's population, who live in low-lying coastal areas. Impoverished communities would likely be affected the most by climate change. Tectonically , most of Indonesia's area
7979-436: The idea for a multilateral agreement on a process for resolving individual investment disputes on a case-by-case basis as opposed to imposing outcomes based on standards. Broches held conferences to consult legal experts from all parts of the world, including Europe, Africa, and Asia, to discuss and compose a preliminary agreement. The IBRD staff wrote an official draft of the agreement and consulted with legal representatives of
8080-576: The inhabitants of the "Indian Archipelago or Malay Archipelago ". In the same publication, one of his students, James Richardson Logan , used Indonesia as a synonym for Indian Archipelago . Dutch academics writing in East Indies publications were reluctant to use Indonesia . They preferred Malay Archipelago ( Dutch : Maleische Archipel ); the Netherlands East Indies ( Nederlandsch Oost Indië ), popularly Indië ;
8181-449: The intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=ICSID&oldid=932886596 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages International Centre for Settlement of Investment Disputes The International Centre for Settlement of Investment Disputes ( ICSID )
8282-498: The interiors of Kalimantan and Papua, and less in areas closer to Australia, such as Nusa Tenggara, which tends to be relatively dry. The almost uniformly warm waters that constitute 81% of Indonesia's area ensure that land temperatures remain relatively constant. Humidity is quite high, at between 70 and 90%. Winds are moderate and generally predictable, with monsoons usually blowing in from the south and east in May through October and from
8383-419: The island's river settlements. Indonesia lies along the equator, and its climate tends to be relatively even year-round. Indonesia has two seasons—a dry season and a wet season —with no extremes of summer or winter. For most parts of Indonesia, the dry season falls between May and October, while the wet season falls between November and April. Indonesia's climate is almost entirely tropical , dominated by
8484-464: The largest. A shared identity has developed with the motto " Bhinneka Tunggal Ika " ("Unity in Diversity" literally , "many, yet one"), defined by a national language , cultural diversity, religious pluralism within a Muslim-majority population, and a history of colonialism and rebellion against it. A developing country , Indonesia is classified a newly industrialized country , with its economy
8585-642: The national level is the People's Consultative Assembly ( Majelis Permusyawaratan Rakyat , MPR). Its main functions are supporting and amending the constitution, inaugurating and impeaching the president, and formalising broad outlines of state policy. The MPR comprises two houses; the People's Representative Council ( Dewan Perwakilan Rakyat , DPR), with 575 members, and the Regional Representative Council ( Dewan Perwakilan Daerah , DPD), with 136. The DPR passes legislation and monitors
8686-503: The north and west in November through April. Typhoons and large-scale storms pose little hazard to mariners; significant dangers come from swift currents in channels, such as the Lombok and Sape straits. Several studies consider Indonesia to be at severe risk from the projected effects of climate change . These include unreduced emissions resulting in an average temperature rise of around 1 °C (2 °F) by mid-century, raising
8787-425: The only ones where the indigenous people have privileges in their local government. Indonesia maintains 132 diplomatic missions abroad, including 95 embassies. The country adheres to what it calls a "free and active" foreign policy, seeking a role in regional affairs in proportion to its size and location but avoiding involvement in conflicts among other countries. Indonesia was a significant battleground during
8888-487: The opposing forces of the military , political Islam, and the increasingly powerful Communist Party of Indonesia (PKI). Tensions between the military and the PKI culminated in an attempted coup in 1965. The army, led by Major General Suharto , countered by instigating a violent anti-communist purge that killed between 500,000 and one million people and incarcerated roughly a million more in concentration camps . The PKI
8989-584: The parties to the dispute is either not a contracting member state or a national of a contracting member state. However, most cases are arbitrated under the ICSID Convention. Recourse to ICSID conciliation and arbitration is entirely voluntary. However, once the parties have consented to arbitration under the ICSID Convention, neither party can unilaterally withdraw its consent. The ICSID Secretariat may also administer dispute resolution proceedings under other treaties and regularly assists tribunals or disputing parties in arbitrations among investors and states under
9090-544: The poverty line, and the official open unemployment rate was 5.28%. During the first year of the global COVID-19 pandemic , the economy suffered its first recession since the 1997 crisis but recovered in the following year. Indonesia has abundant natural resources. Its primary industries are fishing, petroleum, timber, paper products, cotton cloth, tourism, petroleum mining, natural gas, bauxite, coal, and tin. Its main agricultural products are rice, coconuts, soybeans, bananas, coffee, tea, palm, rubber, and sugar cane. Indonesia
9191-427: The registrar of its proceedings. As of 2012 , Meg Kinnear serves as the centre's secretary-general. ICSID's 163 member states which have signed the centre's convention include 162 United Nations member states plus Kosovo . Of these member states, 154 are "contracting member states", that is they have ratified the contract. Former members are Bolivia and Venezuela , which withdrew in 2012. Ecuador withdrew from
9292-535: The remainder (38%) were settled or discontinued. As of 14 May 2016 , 362 of 574 (62%) registered arbitration cases were concluded. Conciliation commission reports were issued for 67% of the conciliation proceedings, while 33% of proceedings were discontinued. In 75% of the conciliation reports, parties failed to reach an agreement, and only 25% recorded agreement among parties. As of 2012 only two governments, Gabon and Romania, had ever filed an ICSID case against an investor. States appearing most often as
9393-455: The seventh century CE, the Srivijaya naval kingdom flourished due to trade and the influences of Hinduism and Buddhism . Between the eighth and tenth centuries CE, the agricultural Buddhist Sailendra and Hindu Mataram dynasties thrived and declined in inland Java, leaving grand religious monuments such as Sailendra's Borobudur and Mataram's Prambanan . The Hindu Majapahit kingdom
9494-423: The seventh century, when Sumatra's Srivijaya and later Java's Majapahit kingdoms engaged in commerce with entities from mainland China and the Indian subcontinent . Over the centuries, local rulers assimilated foreign influences, leading to the flourishing of Hindu and Buddhist kingdoms. Sunni traders and Sufi scholars later brought Islam , and European powers fought one another to monopolise trade in
9595-438: The subtropical highland climate (Köppen Cwb ) is more pronounced during dry season. Some regions, such as Kalimantan and Sumatra , experience only slight differences in rainfall and temperature between the seasons, whereas others, such as Nusa Tenggara, experience far more pronounced differences with droughts in the dry season and floods in the wet season. Rainfall varies across regions, with more in western Sumatra, Java, and
9696-633: The village ( desa ) is divided into smaller units called dusun or dukuh (hamlets), which are the same as RW. Following the implementation of regional autonomy measures in 2001, regencies and cities have become chief administrative units responsible for providing most government services. The village administration level is the most influential on a citizen's daily life and handles village or neighbourhood matters through an elected village head ( lurah or kepala desa ). Nine provinces—Aceh, Jakarta, Yogyakarta, Papua , Central Papua , Highland Papua , South Papua , Southwest Papua , and West Papua —are granted
9797-521: The world's 16th-largest by nominal GDP and the 7th-largest by PPP . It is the world's third-largest democracy, a regional power , and is considered a middle power in global affairs. The country is a member of several multilateral organisations, including the United Nations, World Trade Organization , G20 , and a founding member of the Non-Aligned Movement , Association of Southeast Asian Nations , East Asia Summit , D-8 , APEC , and
9898-681: Was a founding member of the Non-Aligned Movement (NAM) and the Organisation of Islamic Cooperation (OIC). Indonesia is a signatory to the ASEAN Free Trade Area agreement, the Cairns Group , the World Trade Organization (WTO), and a former member of OPEC . Indonesia has been a humanitarian and development aid recipient since 1967, and recently, the country established its first overseas aid programme in late 2019. Indonesia's Armed Forces (TNI) include
9999-579: Was achieved in 2005. Indonesia is the southernmost country in Asia. The country lies between latitudes 11°S and 6°N and longitudes 95°E and 141°E . A transcontinental country spanning Southeast Asia and Oceania, it is the world's largest archipelagic state , extending 5,120 kilometres (3,181 mi) from east to west and 1,760 kilometres (1,094 mi) from north to south. The country's Coordinating Ministry for Maritime and Investments Affairs says Indonesia has 17,504 islands (with 16,056 registered at
10100-454: Was blamed for the coup and effectively destroyed. Suharto capitalised on Sukarno's weakened position, and following a drawn-out power play with Sukarno , Suharto was appointed president in March 1968. His US-backed "New Order" administration encouraged foreign direct investment , which was a crucial factor in the subsequent three decades of substantial economic growth. Indonesia was
10201-401: Was founded in eastern Java in the late 13th century, and under Gajah Mada , its influence stretched over much of present-day Indonesia. This period is often referred to as the "Golden Age" in Indonesian history. The earliest evidence of Islamized populations in the archipelago dates to the 13th century in northern Sumatra . Other parts of the archipelago gradually adopted Islam, and it was
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