TORONTO, Oct. 27, 2014 /CNW/ - Six years after the Great Recession, global recovery remains fragile and escalating geopolitical conflicts threaten stability, monopolizing the agenda of western leaders. While the global economy continues to recover at a measured pace, one question remains: how can we encourage growth in an era of continued economic instability? An impressive roster of business leaders, politicians, and dignitaries will be discussing this important issue during the Toronto Global Forum which opens today at the Fairmont Royal York.
Around the theme of Rethinking Growth, more than 1,800 delegates and 90 high profile speakers from around the world will have insightful discussions on the impacts of new global realities, the risks that threaten a sustained recovery, and the opportunities for economic growth.
These exchanges come against a backdrop of weak economic performance in Europe, a slowing rate of growth in the large emerging markets of China, Brazil and India, and the economic uncertainty caused by the feared spread of Ebola, sanctions against Russia, and the continued turmoil in the Middle East.
"Now, in an age of instantaneous digital connection, global supply chains and increasing multilateral trade agreements, small issues are rapidly amplified and have major implications right across the globe. The current global context forces us to rethink our approach to economic growth," said the President and CEO of the Forum, Nicholas Rémillard. "Today, I am very pleased to welcome at the Toronto Global Forum some of the world's greatest minds who will share their thoughts on these important issues."
Canada's Minister of State (Finance), Kevin Sorenson, will be opening the Forum in the morning. A plenary session will follow. Panelists will discuss the global economic climate, challenges that face America's economies, and risks that could threaten sustained growth.
A special address by the President of the African Development Bank, Dr. Donald Kaberuka, will take place during the inaugural plenary session. "The 'sleeping giant' is on its way, and the African trajectory continues upward, with a young and dynamic population, " said Dr. Kaberuka. "Africa is a global dynamo of opportunity, the world's new growth pole, and the final development and investment frontier. Africa is open for business."
During lunch, Daniel Doctoroff, President and Chief Executive Officer of Bloomberg L.P., and Michael Sabia, President and Chief Executive Officer of the Caisse de dépôt et placement du Québec, will provide the delegates with valuable insights on economic opportunities around the world.
The first day of the Forum will conclude with a discussion on how to attract foreign investments. Ontario Finance Minister, Charles Sousa, will deliver opening remarks and participants will discuss how to restore an investment environment based on transparent regulatory frameworks and a renewed set of effective investment incentives.
Today's Open Media Availabilities
Dr. Sophie Vandebroek
Other speakers are also available for interviews upon request. Please send your request to [email protected] or call 416-797-8194.
THE TORONTO GLOBAL FORUM
The Toronto Global Forum is a non-profit organization committed to heightening knowledge and awareness of the major issues concerning economic globalization, with a particular emphasis on the relations between the Americas and other continents. Over the years, the Toronto Global Forum has increasingly developed into a strategic platform for business development through significant opportunities for synergies between stakeholders, speakers, business delegations and attendees onsite. The Forum is held under the auspices of the International Economic Forum of the Americas (IEFA) which organizes annual summits bringing together Heads of States, the private sector, international organizations, politicians, global economic decision makers and civil society.
The Toronto Global Forum wishes to thank its partners: City of Toronto, Government of Ontario, Aecon, EDC, Manulife, Scotiabank, Cisco, Sun Life Investment Management, Cummins Eastern Canada, Desjardins Assurances, BDC, BMO Capital Markets, BNP Paribas (Canada), Garda World, GDF SUEZ, Magna, Ontario Power Authority, Invest in Canada, TD Bank, Toronto Financial Services Alliance, Canadian Foundation for Economic Education, Cogeco Data Services, SNC-Lavalin, Siemens, Toronto Port Authority, University of Ontario Institute of Technology, Global Public Affairs, AGF, Avis Budget Group, Canadian Association of Petroleum Producers, Capstone Infrastructure, The Boston Consulting Group, Goldman Sachs, InstarAGF, Tourisme Montréal, KLM – Royal Dutch Airlines, Florida Realtors, Porter Airlines, Ontario Chamber of Commerce, the Globe and Mail, CNW, Worth, ReNew Canada, and iPolitics.
Media who are interested in attending are required to request accreditation, please contact us at:
[email protected] or 416-797-8194.
A detailed agenda including speaker biographies is available at http://forum-americas.org/toronto/2014.
SOURCE: The International Economic Forum of the Americas
For further information: [email protected] or 416-797-8194.