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The Special Annual Meeting of the World Economic Forum (WEF) which was scheduled to be held in May, has been rescheduled to August 17 till 20, 2021, due to the international challenges in containing the COVID-19 pandemic, the organisation has said.
"Although the World Economic Forum and Government of Singapore remain confident of the measures in place to ensure a safe and effective meeting, and local transmission of COVID-19 in Singapore remains at negligible levels, the change to the meeting's timing reflects the international challenges in containing the pandemic," the Geneva-based organisation said in a statement on Wednesday.
"The Special Annual Meeting in Singapore in August will be the first global leadership summit to address the challenges of recovering from the pandemic," said the WEF.
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, said that a global leadership summit needs the "participation of all global stakeholders."
This will be the second time the World Economic Forum meeting will be held outside of Switzerland since it began in 1971, and the first time it will be held in Asia.
(With inputs from PTI)