The World Economic Forum (WEF) is an independent international organisation committed to improving the state of the world by engaging business, political,

academic and other leaders of society to shape global, regional and industry agendas. Earlier named as 'European Management Forum', the WEF was established as a not-for-profit foundation in January 24, 1971 by German engineer and a business professor Klaus Schwab. It is headquartered in Geneva, Switzerland.

 

The World Economic Forum is funded by 1,000 member companies, generally global enterprises.

 

The organisation manages 38 communities across business, government and civil society.

The WEF conducts annual meeting, to discuss global issues across several sessions,