global economy

WEF postpones 2021 Davos summit due to pandemic

Agence France-Presse
WEF postpones 2021 Davos summit due to pandemic

(FILES) In this file photo taken on January 23, 2020, participants check their messages on electronic devices during the World Economic Forum Annual Meeting in Davos, Switzerland. - The World Economic Forum said August 26, 2020, that it would postpone the next Davos summit by several months because it would be unsafe to hold it early next year due to the coronavirus pandemic. (Photo by FABRICE COFFRINI / AFP)


(UPDATED) The 51st World Economic Forum Annual Meeting will not push through in January 2021

The World Economic Forum (WEF) said on Wednesday, August 26, it would postpone its 2021 Davos summit for several months to reduce any risks to participants from the coronavirus pandemic.

Next year’s gathering of the world’s political, economic, and business elite may not even take place against its traditional idyllic snowy backdrop of the Swiss Alpine village of Davos, the organization hinted.

Rather than January as usual, the event will take place “early next summer,” WEF spokesman Adrian Monck said in a statement.

“The decision was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the ‘Great Reset’ in the post-COVID-19 era is so urgent,” he said.

“However, the advice from experts is that we cannot do so safely in January.”

The announcement came as the death toll in the pandemic passed 820,000 and the number of cases globally since the novel coronavirus first emerged in China late last year approached 24 million, according to an Agence France-Presse tally based on official sources.

Meanwhile, cautious efforts to resume in-person diplomatic meetings in Switzerland’s international hub Geneva this week saw long-delayed talks on amending Syria’s constitution put on hold after several delegates from the war-ravaged country tested positive for COVID-19.

Switzerland has to date registered more than 1,700 deaths and over 40,500 cases in the pandemic.

‘Historical moment’

Monck said on Wednesday that during the week of January 25, when the summit had been scheduled to take place, the organization would “digitally convene high-level ‘Davos Dialogues’ where key global leaders will share their views on the state of the world in 2021.”

As for the physical event, he said the dates and location of the rescheduled 2021 summit would be made available “as soon as we are assured that all conditions are fulfilled to guarantee the health and safety of our participants and the hosting community.”

The WEF had already announced back in June that due to the coronavirus crisis, the 51st edition of its annual meeting would be a hybrid event, with a combination of in-person and virtual meetings.

At the time, the organization said the focus of next year’s summit would be on the political, economic, and social disruptions caused by the crisis, which had exposed the inadequacies of health, financial, and energy systems, leaving leaders at a crossroads.

“The COVID-19 crisis has shown us that our old systems are not fit any more for the 21st century,” WEF executive chairman Klaus Schwab said in June.

“Now is the historical moment, the time, not only to fight the virus but to shape the system for the post-corona era.”

The 2020 edition of the WEF summit, hosted in January just as the world was beginning to become aware of the new coronavirus spreading in China, drew more than 50 heads of state and government to Davos. It focused on themes of sustainability and finding a more inclusive model for capitalism.

United States President Donald Trump and Swedish teenage eco-warrior Greta Thunberg were among its top speakers. –

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