Travel restrictions because of the emergence of new variants of Covid-19 and the ensuing protective measures that are adopted have caused the postponement of the annual World Economic Forum (WEF) to 17-20 August, originally slated in Singapore this May.
“The current global travel restrictions have made it difficult to plan a physical meeting in the first half of the year,” WEF leaders say. In addition, regulations relating to quarantines and air travel have extended planning times.
The postponement is not a result of the situation in Singapore, as there are no Covid-19 infections in the city-state, but by the general international conditions. “A global summit requires the participation of all global players,” WEF founder, Professor Klaus Schwab says. The meeting will serve business leaders, politicians, and civil society leaders to discuss the necessary steps for global recovery.
The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. Around 3000 participants attend this annual meeting. With the pandemic, holding meetings and events online could not be helped nowadays. A location outside Switzerland for the annual meeting was reached because the Confederation was too affected by the pandemic. (SA/Headline PH)