IOC has already provided around USD 100 million of financial support to Olympic Movement

The Kosovo Olympic Committee inaugurated the Olympic rings in front of the House of Sports
July 16, 2020
Under the IOC Patronage the Mediterranean Games “Oran 2022”
July 20, 2020

The International Olympic Committee (IOC) has already supported the National Olympic Committees (NOCs) and International Federations (IFs) with around USD 100 million since the outbreak of the COVID-19 crisis.

To date and as needed, USD 63 million have been allocated to IFs and USD 37 million to NOCs.

In addition, it has been confirmed by the IOC Executive Board (EB) that the IOC will continue supporting the NOCs with the TOP Programme allocation amounting to USD 150 million payable by end of this year. Furthermore, the IOC is committed to ensuring funding for the IOC-Recognised Organisations.

The IOC, as the leader of the Olympic Movement, is playing a critical role in supporting its stakeholders during the COVID-19 outbreak. The organisation has swiftly delivered on its commitment to allocate an aid package programme for the Olympic Movement.

IOC President Thomas Bach said: “The Olympic Movement is facing an unprecedented challenge. The IOC has to organise postponed Olympic Games for the first time ever, and has to help its stakeholders come through this global crisis. This new situation will need all our solidarity, creativity, determination and flexibility. We shall all need to make sacrifices and compromises. Extraordinary circumstances call for extraordinary measures. This situation requires every one of us to do our part, and this applies to all of us, including the IOC. We are glad to be able to help with our support programmes.”