The Bureau of the FIFA Council, yesterday, approved the COVID-19 Relief Plan regulations. Under the terms of the plan, $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 June 25 2020.
In FIFA’s message obtained by The Guardian yesterday, the regulations establish strict compliance and audit requirements, as well as clear loan repayment conditions, under the supervision of a steering committee.
“This relief plan is a great example of football’s solidarity and commitment in such unprecedented times,” said FIFA President Gianni Infantino. “I would like to thank my colleagues of the Bureau of the Council for approving the decision to move forward with such an important initiative for the benefit of all member associations and confederations.” (Guardian)