The WEF in Davos aims to "Restore trust" in the face of global challenges
The WEF in Davos aims to "Restore trust" in the face of global challenges
The World Economic Forum (WEF) starts in Davos, Switzerland, on Monday, January 15, the main theme of this year will be "Restoring trust". The event will bring together leaders from various sectors to discuss the most important global issues, including security, cooperation, artificial intelligence and long-term strategies in the field of climate, nature and energy. It is noteworthy that there are no discussions on sanctions and military conflicts on the agenda.
It is expected that 60 heads of state and government, as well as more than a hundred business representatives will take part in the forum. One particularly noteworthy session, scheduled for January 17, is entitled "Given the new warnings from the World Health Organization that an unknown "disease X" could lead to 20 times more deaths than the coronavirus pandemic, what new efforts are needed to prepare health systems for the many challenges ahead?"
Azerbaijani Economy Minister Mikail Jabbarov plans to take part in the discussion "COP28 and the way forward" on January 16. Key figures such as Fatih Birol, Executive Director of the International Energy Agency (IEA), John Kerry, Special Envoy of the US President on Climate Issues, Catherine McGregor, CEO of ENGIE Group, and Sally Bazby from The Washington Post will speak at the session.
In fact, Jabbarov will become the highest representative of Azerbaijan at the WEF. Traditionally, President Ilham Aliyev has participated in the Davos uniform every year. Aliyev may have preferred a temporary break from international events due to the start of the election campaign for the early presidential elections.
The World Economic Forum will run from January 15 to 19, 2024, providing leaders with a platform to solve pressing global problems and find joint solutions.
-
- In World
- 15 January 2024 13:51
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review