Over 50 govt heads to attend WEF Davos annual meeting

New Delhi/Davos, May 18 (PTI) More than 50 heads of government are expected to attend the annual meeting of the World Economic Forum in the Swiss ski resort town of Davos next week where they will discuss geo-economic challenges impacting a multipolar world.

The World Economic Forum (WEF) said the Annual Meeting 2022 during May 22-26 in Davos, Switzerland will focus on ‘history at a turning point’, the theme of the summit.

The issues to be discussed include government policies and business strategies against a backdrop of the global pandemic, and the war in Ukraine and geo-economic challenges.

The meeting convenes at a strategic point where public figures and global leaders will meet in person to reconnect, exchange insights, gain fresh perspectives and advance solutions.

The meeting’s overriding priority is to accelerate progress and make an impact in tackling global challenges and improving the state of the world, the WEF said.

After a two-year hiatus, the meeting will bring together nearly 2,500 leaders and experts from around the globe, all committed to the “Davos Spirit” of improving the state of the world.

Against the backdrop of deepening global frictions and fractures and a once-in-a-century pandemic, the unprecedented global context calls for purpose and resolve, and the meeting’s ambition is to rise to these challenges, the WEF said.

Over the past two years, the World Economic Forum said, it has strengthened its impact initiatives, which deal with issues ranging from COVID-19 and climate change to education as well as technology and energy governance.

These include the Reskilling Revolution, an initiative to provide 1 billion people with better education, skills and jobs by 2030; an initiative on universal environmental, social and governance (ESG) metrics and disclosures to measure stakeholder capitalism; and the 1 Trillion trees initiative, 1t.org, to protect trees and forests and restore the planet’s ecosystems.

With the world at such a critical turning point, global business and government leaders need to work together to develop long-term policies and strategies that will revitalise the hard-hit global economy, strengthen the progress made to advance the Fourth Industrial Revolution and tackle the single greatest threat to humanity — climate change, said the WEF, which describes itself as an international organisation for public-private partnership.

“The Annual Meeting is the first summit that brings global leaders together in this new situation characterized by an emerging multipolar world as a result of the pandemic and war.

“The fact that nearly 2,500 leaders from politics, business civil society and media come together in person demonstrates the need for a trusted, informal and action-oriented global platform to confront the issues in a crisis-driven world,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum.

Cutting across the theme of the meeting are several priorities and issues that define the current moment and will shape the years to come.

The programme will focus on six thematic pillars. These include fostering global and regional cooperation; how to restore stability amid a new era of geopolitical conflict and tension as well as advancing trade, prosperity and partnerships; and securing the economic recovery and shaping a new era of growth.

These also include how to stabilise the real economy and the financial system, while also determining the future of balanced growth, globalisation and development; and building healthy and equitable societies.

The leaders will also discuss how to move beyond the health emergency phase of the pandemic, rebuilding in its wake and strengthening health resilience for future threats as well as investing in good jobs, living wages, skills and education, not forgetting to redefine stakeholder capitalism for a new context.

More than 50 heads of state and government are expected to join, among the 300 governmental representatives, to share their vision for the world.

Over 1,250 leaders from the private sector will be participating, along with nearly 100 Global Innovators and Technology Pioneers — the world’s most promising tech and business start-ups and scale-ups.

Civil society will be represented by more than 200 leaders from NGOs, social entrepreneurs, academia, labour organisations, faith-based and religious groups, and over 400 media leaders and reporting press.

The Annual Meeting will also bring together younger generations, with 100 members of the Forum’s Global Shaper and Young Global Leader communities participating.

The WEF has been hosting its annual meeting in Davos for over 50 years in January every year, but it could not be held last year and this January due to the COVID situation.