The Iranian foreign minister has mentioned the possibility of meeting his U.S. counterpart in Davos on the sidelines of the World Economic Forum.

Mohammad Javad Zarif said on Monday January 19 that while no meeting has been set, the opportunity might arise as they are both attending the forum.

A number of 5+1 leaders will be attending the Davos forum this year, including Germany’s Angela Merkel, France’s Francois Hollande, China’s Li Keqiang and U.S. Secretary of State john Kerry.

As world leaders arrive in Davos, Switzerland for the 45th annual World Economic Forum, founder Klaus Schwab is calling for more coordinated action to address the risks of conflict and instability around the globe.

Schwab also expressed concern about the possibility of the world moving into a cycle of deflation due to falling oil prices.

The forum is also discussing issues such as climate change, the future of technology, and economic and monetary policies.

The forum comes one day after OXFAM released its report indicating that the richest one percent of the global population will own more that half of the world’s wealth by 2016. According to this report, that share of the one percent has risen from 44 percent in 2009 to 48 percent in 2014.

The World Economic Forum had warned about this trend five years ago, advising job creation as well as corporate and social responsibility to address it.