FX.co ★ Two days left before World Economic Forum in Davos

The annual World Economic Forum is to open in Swiss town of Davos on January 20. From Wednesday until Friday, guests will discuss burning global issues and risks to the economy.

The main issues on the agenda are climate changes and mass migration. In 2016, over 2,500 guests from 100 countries are to participate in the high-profile event.

Experts generally consider that mass migration and adverse aftermath of climate changes will make a negative impact on the global economy in 2016.

Russia’s delegation will also arrive in Davos. This year, Yuriy Trutnev, the presidential envoy to the Far Eastern Federal District, will speak on behalf of the Russian Delegation.

In 2015, the Russian delegation was headed by Igor Shuvalov, Vice Prime Minister.

Bank of Russia Governor Elvira Nabiullina is going to take part in the Economic Forum. She has been signed up to participate in debates.

However, some guests refused to visit the forum at the last moment. Germany’s Chancellor Angela Merkel rejected her participation on the back of the growing pressure on her after the massive outrageous events in Cologne and due to her “open door” policy toward migrants.

Besides, the host organization of the World Economic Forum decided to withdraw an invitation from the North Korean delegation. This way Switzerland wants to display the discontent with Pyongyang which has conducted its first test of a hydrogen bomb.

Incumbent Ukraine’s President will be among the guests. Petro Poroshenko aims to meet the lenders. He is going to negotiate a new bailout tranche from the International Monetary Fund.

Importantly, risk strategists think that failed attempts to cushion negative imprints of climate changes or inefficient adjustments to them are posing a risk to the global economy. This issue in also on the agenda.