The World football governing body FIFA has agreed a 1.5 billion dollars assistance plan to help deal with the impact of the COVID-19 pandemic on the global game.
FIFA’s plan means world football’s governing body will provide national federations with a number of grants and interest-free loans to cope with budget hits.
World football governing had already provided the immediate release of all funds from its “Forward’’ projects and given the green light for such grants to be used for COVID-19 relief plans.
FIFA President, Gianni Infantino said both grants and loans can be directed by member-associations to the wider football community in their respective territories, including clubs, players, leagues, or others that have been affected by COVID-19. He added that there would be strict controls on the use of funds, audit requirements, as well as clear loan repayment conditions.
An additional 500,000 dollars is to be released specifically for women’s football. Each regional confederation will receive a grant of two million dollars.