The World Economic Forum started in Davos yesterday, 16th January. The forum’s effective role in bringing together world leaders and decision-making regarding the latest global issues has been noteworthy. The WEF was founded 52 years ago with the vision to make the world better by collecting & studying inklings from existing issues. This year is going to be in the snow-covered mountains in Davos, Switzerland.

However, the WEF23 seems to be crucial with the fact that the world faces its post-pandemic era and the Russia-Ukraine war. Also, the world economy suffered a lot as inflation & recession have recently become challenging for many countries.  Although, this could be an opportunity to rebuild the global economy in Davos.

Børge Brende, President of the World Economic Forum, indicates in a podcast what should be done from the WEF23 and how seriously global challenges have to be solved, “we need to come together and find solutions for problems the world is suffering from. We have to recreate global growth, stop the fragmentation that we are currently seeing of the global economy.”  Similarly, Maroun Kairouz, the head of Middle East and North Africa in WEF describes this year’s forum as the opportunity “for middle eastern countries to shine.”

As for the Kurdistan Region, the Prime Minister Masrour Barzani will also have a tight schedule in the cold temperature of Davos with developing Kurdistan’s economy in mind. According to K24, he will be discussing the region’s economic priorities with world leaders that contains “economic diversification, improving banking services, discovering new markets for Kurdish agricultural products, investment in renewable energy, oil, gas, minerals as well as combating the consequences of climate change and drought.”