World Economic Forum's annual meeting kicks off in DavosYeni Safak (Turkey), Jan 16, 2023
"So much at stake we really need to find solutions on wars, conflicts, also have to secure that don't go into recession," says head of forum
The World Economic Forum (WEF) on Monday kicked off in Davos-Klosters, Switzerland, with heads of state and business leaders focusing on the ongoing Russia-Ukraine war and economic instability amid climate change.
Under the theme of Cooperation in a Fragmented World, names shaping the global politics and business world are participating in the forum.
"So much is at stake we really need to find solutions on the wars and conflicts. We also have to secure that we don't go into recession and we have ten years of low growth as we had in the 1970's," said Borge Brende, the World Economic Forum president.
The meeting will also see attendance by 56 finance ministers, 19 central bank presidents, 30 trade ministers, and 35 foreign ministers.
It will convene more than 2,700 leaders from 130 countries, including 50 heads of state and government, as multiple crises deepen divisions and fragment the geopolitical landscape.
This year will also see the highest-ever business participation at Davos, with more than 1,500 leaders from 700 organizations.
US Climate Envoy John Kerry, NATO Secretary General Jens Stoltenberg, European Central Bank head Christine Lagarde, UN Secretary-General Antonio Guterres, IMF Managing Director Kristalina Georgieva, and Turkish economist and energy expert Fatih Birol, the executive director of International Energy Agency, will also take part in the event.
Laurence Fink, the CEO of BlackRock, an American multinational investment company, will be there as well.
Ukrainian President Volodymyr Zelenskyy previously said his government is preparing to attend Davos, adding that he has been in touch with Fink about the reconstruction effort after the end of the continuing Moscow-Kyiv war, which is about to enter its 12th month.
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