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© Sputnik/ Grigoriy Sisoev More than 20 heads of state, and dozens officials from around the world will meet in the capital of the southern German state of Bavaria for the February 17-19 Munich Security Conference. MOSCOW (Sputnik) — The Munich Security Conference (Die Munchner Sicherheitskonferenz), sometimes referred to as the "Davos of Defense" or the "Munich Davos," is an international, nongovernmental, independent conference for discussing major security issues. It ranks among the most important informal global forums for discussing crucial political issues, including the balance of forces in international relations, efforts to strengthen the system of international law and the democratic world order. The Munich Security Conference is an international forum attended by politicians , diplomats, military officials, business people , scholars, and public figures from dozens of countries, including NATO and EU member states, as well as countries playing an important role on the world arena – Russia , China, Japan and India, among others. The agenda focuses on key world policy issues such as fighting international terrorism, UN and NATO reforms, "hot spots," and strengthening regional and global security. A brief history of the Munich Security Conference. © Sputnik/ Grigoriy Sisoev US Vice President to Meet With Merkel, Other Heads of State in Munich Founded in 1962 by German publisher Ewald von Kleist, the first conference took place in Munich as an informal meeting of representatives from the defense departments of NATO member countries to discuss Trans-Atlantic partnership issues. Initially, the conference was held under the aegis of the Christian Social Union in Bavaria and until 1992 was known as the Defense Conference (Wehrkundetagung). Since 1998, the forum has been financed by the German government from the Defense Ministry’s budget. For over 30 years, the forum was a closed intra-bloc event.
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