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Date
13 Dec 1999
Tags
IOC News , Press Release

OLYMPIC SOLIDARITY APPROVES BUDGET FOR 2000


Lausanne, 13 December, 1999 - The Olympic Solidarity Commission, chaired by the International Olympic Committee (IOC) President, met today at the IOC Headquarters in Lausanne. The agenda included a review of the results of the 1999 Olympic Solidarity programmes, particularly the Olympic Scholarships for Athletes “Sydney 2000” programme, which currently has 478 athletes preparing for the XXVII Games of the Olympiad (of which 127 have already qualified).
The Commission approved the Olympic Solidarity budget for 2000 for a total amount of US$31 million. Furthermore, a special budget of US$21,3 million was approved to help the National Olympic Committees (NOCs) with their participation in and contribution to the success of the Olympic Games in Sydney. These funds are aimed at assisting a determined number of athletes and officials to be present at the Olympic Games as well as to help the NOCs to develop their structures and programmes.

Two meetings of the Commission were approved for 2000. The first one will be held in Rio de Janeiro, during the Association of National Olympic Committees (ANOC) General Assembly in May. The second one will take place in Sydney just before the Olympic Games start. During this meeting the Olympic Solidarity will present for approval the objectives, programmes and budget for the 2001-2004 quadrennial.

The Olympic Solidarity is the arm of the IOC responsible for redistributing the share of the revenue generated by the sale of broadcast rights of the Olympic Games to the NOCs to help them develop their local sports infrastructure and train athletes, coaches, and administrators.

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