International Olympic Committee increases Olympic Solidarity fund by 16 percent.
The International Olympic Committee (IOC) has agreed to increase the budget of Olympic Solidarity for the period 2021 to 2024 by 16 per cent.
The budget for 2021-2024 will now be a total of USD 590 million. With this decision, the IOC will further strengthen its support to athletes, National Olympic Committees (NOCs) and Continental Associations of NOCs.
The IOC has also decided to give a 25 per cent increase for athlete support programmes.
The 2021-2024 Olympic Solidarity plan is fit for purpose in the post-pandemic world, meaning that all funding and programmes go as a priority to Olympic Solidarity’s direct beneficiaries — the athletes and the NOCs.
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