IOC: Olympic Solidarity budget increased to $650m (+10%) for the 2025-2028 cycle

The IOC executive board approved in Paris (FRA) on 20/07/2024, a 10% increase in the overall Olympic Solidarity budget for the 2025-2028 cycle, bringing the amount to a record $650m (€598m), "following a proposal by the Olympic Solidarity Commission" which met the previous day.

"The support of the International Olympic Committee for athletes, National Olympic Committees (NOCs) and Continental Associations of NOCs and the Olympic Movement continues to grow, strengthening even further the solidarity within the Olympic Movement," explained the IOC.

"Not only will we allow more athletes to pursue their Olympic dreams thanks to individual scholarships, we will also provide assistance to the least privileged NOCs that are the most affected by ongoing crises and deserve our full support," said Thomas Bach, president of the IOC.

"Solidarity is at the heart of the Olympic Movement. It is even more important in the difficult times that we are living in. By increasing the budget of Olympic Solidarity over the next four years, we will strengthen even further the solidarity within our Movement,…