FAZ to receive 9.3M Kwacha from FIFA in COVID-19 relief
The Football Association of Zambia (FAZ) is set to receive USD 500 000 from the World football governing body, FIFA.
This follows an announcement by the Fédération Internationale de Football Association that it will release all operational funding due to member associations for the years 2019 and 2020 in the coming days.
“FIFA will release all operational funding due to member associations for the years 2019 and 2020 in the coming days as the first step of a relief plan to assist the football community impacted by the COVID-19 pandemic. This measure will mean that a total of around USD 150 million will be distributed among the 211 national football governing bodies around the world.”
FIFA President, Giani Infantino believes its the duty of the Zurich based body to help members who have been hit the hardest by the worldwide outbreak of the deadly Coronavirus.
“The pandemic has caused unprecedented challenges for the entire football community and, as the world governing body, it is FIFA’s duty to be there and support the ones that are facing acute needs,” Infantino told FIFA.com
This starts by providing immediate financial assistance to our member associations, many of which are experiencing severe financial distress.
“This is the first step of a far-reaching financial relief plan we are developing to respond to the emergency across the whole football community. Together with our stakeholders, we are assessing the losses and we are working on the most appropriate and effective tools to implement the other stages of this relief plan. I would like to thank the chairpersons of the FIFA Development Committee, Shaikh Salman Bin Ebrahim Al Khalifa, and the FIFA Finance Committee, Alejandro Domínguez, for their commitment and urgent approval of these measures by their committees,” he added.
FAZ and the other 210 FIFA member countries will receive USD 500,000 in the coming days as well as any remaining entitlements of operational costs under the Forward 2.0 Programme which will be released in full for the years 2019 and 2020.
In particular, the release of the second installment of operational costs for 2020, which was originally due in July, will be paid immediately.
Under normal circumstances, FAZ would have only received the full amount of the contribution upon fulfillment of specific criteria. Instead, FIFA is now transferring this amount as active support to help safeguard football across all member associations.
FIFA has also emphasized that the immediate financial assistance should be used to mitigate the financial impact of COVID-19 on football in member associations, namely to meet financial or operational obligations that they may have towards staff and other third parties.
The standard obligations and responsibilities in relation to the use of these funds as outlined in the Forward 2.0 Regulations remain fully applicable and will be subject to the standard audit and reporting process.
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