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Davos welcomed the participants of the World Economic Forum

The Swiss Davos-Klosters is already hosting the traditional annual meeting of the World Economic Forum for the second day from Monday 15 January 2024, which will last until Friday 19 January 2024. This year’s topics of this meeting, among others, are primarily business cases of racial equality, the conflict in Ukraine, a sustainable global future, issues of climate, energy availability and security and, last but not least, issues related to the world of cryptocurrencies. As usual, this meeting is attended by economists, bankers, businessmen together with political leaders under this year’s central theme: “Rebuilding Trust”.

When it was established in 1971, the WFE – World Economic Forum was already committed to improving the state of the world based on the cooperation of international organizations of both the public and private sectors, including their mutual interconnection of active cooperation. This organization is independent and impartial and states in its documents, including the charter and its Statutes, that it tries to demonstrate efforts to maintain and improve economic conditions at all levels of life on earth, including the promotion of the interests of global business, without this having a significant effect on maintaining the standard of living public administration. What is meant by this is that the eventual participation of the political leaders of the world does not obligate them to anything, but only proves their will and effort to unite all areas of life that influence the economic growth of the world.

This meeting of WFE participants at the beginning of this year 2024 takes place in a situation of increasingly strong global geopolitical tension, both in the ongoing dispute between the Russian Federation and Ukraine, as well as the war between Palestine and Israel in the Gaza Strip, together with attacks by Yemeni rebels on ships in the Red Sea. All these facts together with other economic and economic factors complete the situation on the international foreign exchange market. Currently, during European noon on Tuesday, January 16, 2024, at approximately 11:43 CET, the exchange value of the US dollar (USD), as the world’s reserve currency, was moving at a point balance of USD 103.23 points, with daily growth so far by + 0.81% of the point value according to the dollar index DXY (US Dollar Currency Index), which compares the value of the USD with the other six major world currencies.

The WEF 2024 meeting, as usual in the past, will feature the leading personalities of the world economy, from the Executive Director of the International Monetary Fund, Kristalina Georgieva, to the President of the World Bank, Ajay S. Banga, and the Director General of the World Trade Organization, Ngozi Okonjo-Iweala. Likewise, the heads of international bodies and civil society groups will be present in Davos, including António Guterres of the UN, Jens Stoltenberg of NATO, Tedros Adhanom Ghebreyesus of the World Health Organization and Tirana Hassan of Human Rights Watch. The meetings in Davos are also attended by leading world political leaders, such as French President Emmanuel Macron this year, and the representative of the world power of the United States of America at the WEF meeting in Davos in 2024 will be US Secretary of State Mr. Antony Blinken.


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