Olympic Solidarity to distribute US$435 million in new quadrennial

Colombo, Sri Lanka: Olympic Solidarity’s Asian manager, Olivier Niamkey, presented an overview to delegates on the Quadrennial Plan 2013-2016 on the opening morning of the two-day OS/OCA Regional Forum on Friday. Under the new OS Commission Chairman, H.E. Sheikh Ahmad Al Fahad Al Sabah, who was appointed to this position by IOC President Jacques Rogge last May, Olympic Solidarity will work with a budget of US$435 million in the new Olympic cycle.

Of this amount, the two main areas of funding are US$124 million (37 per cent) for World Programmes, followed by US$122 million (33 per cent) for Continental Programmes. Mr Niamkey explained that the money – provided by the IOC to Olympic Solidarity from TV broadcasting rights of the Olympic Games – would be used to increase global assistance to athletes, reinforce NOC structure and global management capabilities and to continue to support coach education and promote Olympic values.

Four programmes are available to NOCs: World, Continental, Olympic Games subsidies and the Complementary Porgrammes, which is a new element for the new cycle. The “huge increase” would result in more funding to the NOCs, better efficiency of the NOCs and better focus on the advisory service to the NOCs, as well as more flexibility in the use of funds, more assistance for athletes and to maintain the decentralization of the activities and funding, he added.