29 October – 2 November B.E. 2541 (1998)
Buddhism and Challenges in the 21st Century
H.E. Phan Wannamethee was elected as new WFB President. At the conference, the World Buddhist University (WBU) has been established in accordance with its Charter approved by the Conference on 1 November B.E. 2541 (1998) as an international community of Buddhist scholars and institutions engaged in research, training, spiritual practice and educational development based on Buddhism. It will serve as a coordinating centre for academic affairs with all the Buddhist institutions and scholars through a networking system. Its inauguration will be officially held in B.E. 2543 (2000) in conjunction with the 50th Anniversary of the WFB.