American President Joe Biden will announce his intention to invest $ 690 million to renew democracy in the world at the “summit for democracy” starting on Wednesday, a senior White House official told reporters.
According to him, a similar funding initiative was launched at the previous similar summit, which was held two years ago. Biden then announced the allocation of a 400 million package to finance the renewal of democracy. He promised to allocate money to foreign countries to support the media and fair elections.
The second summit in the United States starts on Wednesday, and delegates from Zambia, Costa Rica, the Netherlands and South Korea will definitely take part in it. Representatives of 120 other states have received an invitation, but it is still unknown how many of them will come. It is also unknown what new promises of welfare growth and protection of freedoms Biden will give to the guests.