Brazilian President Dilma Rousseff will not attend the upcoming annual World Economic Forum (WEF) in Davos, Switzerland, due to a conflict of schedules, her aides said Thursday.

Foreign Minister Antonio Patriota and Central Bank President Alexandre Tombini will take part on her behalf, the presidential office said in a statement.

In this way, Brazil's head of state will be skipping the Davos Forum for the second consecutive year. Rousseff's predecessor Luiz Inacio Lula da Silva canceled his Davos trip last year due to health reasons.

A relief for WEF organizers is that Brazil will host a WEF on Latin America between April 27 and 29.

Participants at this year's Davos WEF are expected to discuss reforms in economic systems, solutions to current global economic woes, technology innovations and climate change.