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FIFA RELEASE $1.5 BILLION GRANT FOR COUNTRIES


World Football governing body FIFA is to make available 1.5 billion dollars in grants and loans as a relief fund to help associations impacted by the corona virus.

 

FIFA President GIANNI INFANTINO says the relief fund has been unanimously approved by the members of its council and insisted there would be strict controls on how the money is spent.

 

All 211 member associations will be entitled to a basic solidarity grant of 1 million dollars each, as well as 500,000 dollars which must be invested in women’s football.

 

In addition, member associations can also apply for a covid-19 relief loan worth 35 percent of their revenue up to a maximum of 5 million dollars each; with Continental governing bodies to get 2 million dollars as a relief grant, and can also apply for an extra 4 million dollars relief loan.

 

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