This number includes the cost for the organisation of the postponed Games of up to USD 650 million for the IOC, and an aid package of up to USD 150 million for the Olympic Movement, including the International Federations (IFs), the National Olympic Committees (NOCs) and the IOC-Recognised Organisations, to enable them to continue their sports, their activities and their support to their athletes. The IOC Executive Board (EB) approved this financial plan.
At the moment, the IOC is undergoing a deep analysis process to evaluate and assess the impact of the COVID-19 crisis on all of its operations. This is a complex exercise because of the constantly changing factors which have to be considered in the current environment.
The IOC, as the leader of the Olympic Movement, is playing a critical role in supporting its stakeholders during the COVID-19 outbreak. To stand in solidarity with the Olympic Movement, it has also put together an aid package of up to USD 150 million, from which the IFs, NOCs and IOC-Recognised Organisations can benefit. This funding is meant to help them continue their mission to develop their sports, prepare for the Olympic Games and support their athletes. The IOC and its stakeholders are still going through the analysis process to assess the needs on a case-by-case basis.