World Economic Forum cancels 2021 session due to Covid-19

The World Economic Forum (WEF), an international organisation for Public-Private cooperation, has announced its decision to cancel the 2021 annual meeting that was scheduled to be held in Singapore, due to the escalation of the COVID-19 pandemic across the world.

The red circled event that was to be held in three months, was initially planned to be hosted at the Swiss Alpine resort of Davos last December, but was shifted to Singapore due to concerns about safeguarding the health of participants.

The WEF in a statement released yesterday announced that the Covid-19 pandemic meant it was not possible to hold such a large event as planned

"Regretfully, the tragic circumstances unfolding across geographies, an uncertain travel outlook, differing speeds of vaccination roll out and the uncertainty around new variants combine to make it impossible to realise a global meeting with business, government and civil society leaders from all over the world at the scale which was planned," the WEF said.

The WEF shared that while the next annual meeting will take place in the first half of 2022, the location and date will be determined based on an assessment of the situation later this summer.

Last year the WEF in Davos attracted over 3,000 participants from 130 countries.