WEF redesign conference opens in Qatar

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The World Economic Forum (WEF) Global Redesign Summit kicked off Sunday in the Qatari capital of Doha with the participation of representatives from 90 countries.

(From L to R) Alexandre Fasel, ambassador, Federal Department of Foreign Affairs of Switzerland, He Yafei, China's ambassador to the United Nations Office in Geneva, Richard Samans, managing director of the World Economic Forum, attend the plenary session "Renovating the International System" at the World Economic Forum (WEF) Global Redesign Summit in Doha, Qatar, May 30, 2010. [Xinhua photo]

Bringing together business, political, and civil society leaders, the two-day event would focus on examining gaps in international cooperation, building sustained economic growth, enhancing global security and strengthening the international monetary system.

Local Qatari Gulf Times newspaper reported Sunday that the participants would discuss a number of proposals developed by the WEF to address shortcomings in tackling and managing global crises.

The summit is designed to touch on four general tracks, namely development, economics, security and sustainability. Each track would feature a set of topics for which proposals were prepared over the course of last year, the report said.

Among these topics are the empowerment of a global systematic financial risk watchdog and the introduction of new mechanisms to make a dimensional step change in capital investment for low- carbon infrastructure in developed and developing countries, it added.

The summit is being held under the patronage of the governments of Qatar, Singapore, Switzerland and Tanzania.

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