Summit for Democracy

Summit for Democracy

Part of: Prelims and GS-II – International relations; Democracy

Context Summit for Democracy was recently convened by the U.S. President Joe Biden.

Key highlights

• India emphasised that the world must also jointly shape global norms for emerging technologies like social media and cryptocurrencies.
• USA president announced the establishment of the Presidential Initiative for Democratic Renewal.
  • Under this, the administration plans to provide $424.4 million to support free media, fight corruption, strengthen democratic reforms, for the use of technology.