By: Konrad Holden
On Thursday, President Biden announced that the US government will provide funding for media outlets around the world. The initiative is part of Biden’s Presidential Initiative for Democratic Renewal which aims at supporting democracy around the world. The funding will allegedly be used to bolster freedom of the press around the world. Biden said the money would help “publics stay informed” and help hold governments accountable.
Unbeknownst to many Americans, the “Summit for Democracy” was held last week. The meeting included dozens of leaders from “government, civil society, and the private sector” across the globe.
The Summit is an effort to “set forth an affirmative agenda for democratic renewal and to tackle the greatest threats faced by democracies today through collective action.”
During the Summit, Biden announced that the United States would be "committing critical seed money to launch a new multilateral effort, our International Fund for Public Interest Media [IFPIM], to sustain independent media around the world."
The IFPIM is a project created by the Omidyar Group, a group started by former eBay founder Pierre Omidyar and his wife Pam.
The project is "designed to enhance the independence, development, and sustainability of independent media, especially in resource-poor and fragile settings."
The IFPIM will be “independent of all its donors” and run by an independent board co-chaired in part by former New York Times CEO and BBC Director General Mark Thompson.
"A free and independent media — it’s the bedrock of democracy. It’s how publics stay informed and how governments are held accountable.” - President Joe Biden