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19.09.24 09:05

Sport

Brazil announces US$32 million investment in the Brazilian Olympic Committee

The funds are earmarked for various sporting events

Brazilian Federal Economic Bank has announced R$160 million (about US$32 million) until 2028 for the Brazilian Olympic Committee, reports Toda Palavra, partner of TV BRICS.

This sponsorship is aimed at promoting sport in Brazil, improving performance and encouraging youth and adult participation in sport.

It has previously invested more than R$700 million (about US$140 million) in various sports organisations and football clubs to support the strengthening of sports in the country. In addition to the Olympic Games, the financial institution will invest in various sporting events such as the Pan American Youth Games, the World Beach Games, the South American Games and others.

Throughout the Olympic Games in which Brazil has participated, the country has won 40 gold, 49 silver and 81 bronze medals.

Photo: iStock

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Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

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Prime Minister of Thailand

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President of the Republic of the Philippines

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Prime Minister of Malaysia

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Vladimir Putin

President of the Russian Federation

"This forum, which has brought together leading representatives of the business communities of our country and the ASEAN member states in the hospitable capital of Tatarstan, Kazan, is of particular importance. This year marks the 35th anniversary of Russia–ASEAN relations. During this period, we have accumulated substantial experience in multifaceted cooperation, established strong ties, including between the Association’s Business Advisory Council and the Russia–ASEAN Business Council, and created a solid foundation for the future"

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Brazil announces US$32 million investment in the Brazilian Olympic Committee

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