Friday, September 25, 2020 | ePaper

FIFA council approves FIFA Covid-19 relief fund

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BSS, Dhaka :
FIFA's groundbreaking Covid-19 Relief Plan reached a major milestone as the Bureau of the FIFA Council approved the plan's regulations, according to a message received from Bangladesh Football Federation(BFF)on Thursday.
Under the terms of the Covid-19 Relief Plan, USD 1.5 billion is being made available to support all 211 FIFA member associations and the six confederations to assist in the alleviation of the financial impact of the Covid-19 pandemic.
The plan was originally drawn up by the FIFA administration in close cooperation with the confederations, and subsequently approved by the FIFA Council on 25 June 2020, he added.
The regulations establish strict compliance and audit requirements, as well as clear loan repayment conditions, under the supervision of a steering committee.
In the first phase of the plan, the maximum amount of FIFA Forward operational cost entitlements to member associations was released.
For the second phase, member associations have now been given the ability to transform remaining FIFA Forward development project grants into Covid-19 operational relief funds - with a minimum of 50 per cent of released funds to be allocated to women's football.

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