Former US President Bill Clinton will address the second day of the Global Economic Forum in Dublin today.
Around 300 delegates from the world of business, politics and culture are attending the conference.
The group will continue discussions today on practical initiatives that Ireland can adopt to help our economic recovery.
Among the areas being examined over the two days are ways of generating foreign direct investment, promoting culture, as well as increasing export and tourism figures.
The ultimate aim is to increase jobs and as a result reduce our unemployment levels.
Members of the Irish diaspora from nearly 40 countries are among the attendees.
The Government says job creation and rebuilding Ireland's international reputation are the top priorities.
The 15 working groups at the Forum are being asked to propose two or three specific ideas to help achieve these aims.
Irish embassies will be given the responsibility to make sure the proposals are put into practice and that the links with the diaspora are strengthened.
Speaking at the end of the first day of the Forum yesterday, Taoiseach Enda Kenny said the Government wants to be the first to "wave goodbye to the IMF".
Mr Kenny said Ireland will be the first of the three bailed-out eurozone countries to pay back it debt.
He added that he expects Ireland to pass the next Trioka review, saying we want to "pay our way fully and completely".