The World Economic Forum (WEF) in Davos will be postponed from January to early summer 2021 amid the COVID-19 pandemic, Forbes reported.

“The decision was not taken easily, since the need for global leaders to come together to design a common recovery path and shape the ‘Great Reset’ in the post-Covid-19 era is so urgent,” Adrian Monck, the WEF’s managing director of public engagement, said in a statement. “However, the advice from experts is that we cannot do so safely in January.”

According to Forbes, in a statement on Wednesday, the World Economic Forum said that they would hold digital “Davos Dialogues” during the week of January 25.