Context

• The World Economic Forum (WEF) is holding its Annual Meeting from January 15 to 19 in Davos, Switzerland. 

About World Economic Forum

• Established in 1971 by the German economist Klaus Schwab, WEF is an international non-governmental lobbying organisation based in Geneva, Switzerland. 
• The foundation is mostly funded by its 1,000 member companies – typically global enterprises with more than $5 billion in turnover – as well as public subsidies.
• Its mission is improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

About Davos Summit

• Davos, Switzerland, is where the World Economic Forum holds its annual meeting. 
• Delegates from many sectors converge for several days of talks and meetings to address urgent global issues.
• Its salience goes far beyond discussions on economic issues. In the past, it has been used as a location for pivotal international diplomacy.