World Economic Forum: 1,000 Global Leaders Convene to Discuss Inclusive Growth, Energy Transition, and Global Collaboration Amid Geopolitical Tensions and Economic Challenges
The World Economic Forum is hosting a Special Meeting on Global Collaboration, Growth, and Energy for Development from April 28-29, inviting 1,000 global leaders from 92 countries to discuss and find sustainable solutions to shared global challenges, including geopolitical instability and economic complexities.
Over 220 public figures from 60 countries will attend, with the event under the patronage of Crown Prince and Prime Minister of Saudi Arabia, Prince Mohammed Bin Salman.
The meeting aims to promote forward-thinking solutions to interconnected crises while acknowledging shorter-term trade-offs.
It will focus on bridging the North-South divide on issues like emerging economic policies, the energy transition, and geopolitical shocks.
The World Economic Forum's Special Meeting 2024, to be held in the Kingdom of Saudi Arabia, is being described as an urgent opportunity for leaders from various sectors and geographies to collaborate and find scalable solutions to interconnected global challenges.
The tensions and disparities in geopolitics and socio-economics call for revitalized international cooperation, and Saudi Arabia, as a dynamic global platform for thought leadership and action, is committed to facilitating this process.
The country is mobilizing its diplomatic resources to create a mutually beneficial path to global prosperity.
The text discusses the commitment of the international community to ensure progress for all parts of the world without causing harm to others.
The meeting has three thematic pillars: the first focuses on promoting inclusive growth by examining the impact of innovation and economic policies on global inequality and poverty reduction.
It also explores opportunities to counter these risks.
The second pillar aims to catalyze action on energy for development, addressing the potential 2.9°C temperature rise and energy access disparities, with a focus on scaling up clean energy and ensuring equitable growth in developing economies.
The final pillar of the event focuses on revitalizing global collaboration.
With increasing geopolitical tensions, this area aims to promote dialogue, support international cooperation, amplify humanitarian efforts, and contain the effects of instability.
Leaders attending include Mishal Al-Ahmad Al-Jaber Al-Sabah of Kuwait, Mostafa Kamal Madbouly of Egypt, Mohammed Shyaa Al Sudani of Iraq, Bisher Hani Al Khasawneh of the Hashemite Kingdom of Jordan, Anwar Ibrahim of Malaysia, Bola Ahmed Tinubu of Nigeria, Sayyid Theyazin Bn Haitham Al Said of Oman, Shehbaz Sharif of Pakistan, Mahmoud Abbas of the Palestinian Authority, Mohammed Bin Abdulrahman Al Thani of Qatar, and Paul Kagame of Rwanda.
The goal is to build a more resilient global economy through strengthened international collaboration between the Global North and South.
A number of high-level officials and representatives from various countries and international organizations will attend the International Renewable Energy Agency (IRENA) Assembly in Abu Dhabi, United Arab Emirates.
The attendees include Antony Blinken (US), Josep Borrell (EU), Stéphane Séjourné (France), Annalena Baerbock (Germany), David Cameron (UK), Arifin Tasrif (Indonesia), Ahn Dukgeun (South Korea), Kgosientso Ramokgopa (South Africa), Mehmet Şimşek (Turkey), and Maktoum Bin Mohammed Bin Rashid Al Maktoum (UAE).
International organizations represented include Kristalina Georgieva (IMF), Sigrid Kaag (UN), and Tedros Adhanom Ghebreyesus (WHO).
The World Economic Forum's Global Risks Report 2024 identifies economic downturn, inflation, lack of economic opportunities, disrupted supply chains, extreme weather, and conflicts as the most pressing issues in the next two years.
Long-term risks include climate change, technology, migration, and societal polarization.
To address these risks, inclusive and purpose-driven dialogue between business, government, and civil society is necessary.
The event will be led by 15 co-chairs from various sectors and regions, with over half of participants from the Global South and emerging economies.
Over 80% of heads of state are from developing or emerging economies.
The World Economic Forum's upcoming meeting will be open to the public via livestreaming of 50 sessions.
Topics include global development, energy transition, and growth.
The Open Forum will feature panel discussions with thought leaders and the local public, addressing issues like the conflict in the region and humanitarian situation in Gaza.
Key initiatives like the Future of Growth Initiative, Centre for the Fourth Industrial Revolution, and UpLink challenges will advance.
New insights will be shared on education and AI, cybersecurity, and geopolitical dependencies.
Translation:
Translated by AI
Newsletter
Related Articles