The World Economic Forum (WEF) will adopt a new twin-summit format for its next annual Davos meeting in January 2021, by bringing together leaders from across the globe for in-person as well as virtual dialogues with a theme of ‘The Great Reset’.

The gathering of the world’s rich and powerful, held every year in the Swiss ski resort town, will also open its doors virtually for everyone across the world online and through a network of more than 400 hubs globally.

 The 50th WEF Annual Meeting, which was held from January 21-24, 2020, was one of the last high-profile gatherings this year before the coronavirus pandemic brought almost the entire world to a halt.

 In a statement, Geneva-based WEF said its 51st Annual Meeting will again bring together global leaders from government, business and civil society, and stakeholders from around the world, but this time in a unique configuration of both in-person and virtual dialogues. ‘The Great Reset’ will be the theme of this unique twin summit in January 2021, it added. The WEF, which describes itself as an international organisation for public-private partnership, said ‘The Great Reset’ is a commitment to jointly and urgently build

the foundations of economic and social systems for a more fair, sustainable and resilient future.

“It requires a new social contract centred on human dignity, social justice and where societal progress does not fall behind economic development,” it said.

The WEF said the global health crisis has laid bare longstanding ruptures in economies and societies, and created a social crisis that urgently requires decent, meaningful jobs.

The twin summit in January 2021 will be both in-person and virtual, connecting key global Governmental and business leaders in Davos with a global multi-stakeholder network in 400 cities around the world for a forward-oriented dialogue driven by the younger generation. These would include cities in India, among other countries. The announcement of “the great reset” summit was made by the Prince Charles of Wales and WEF founder and Executive Chairman Klaus Schwab during a virtual meeting.