Lausanne, May 13, 2021: The International Boxing Association (AIBA) has, for the first time in its history, invited National Federations and Continental Confederations to apply for development grants.
Thanks to a partnership with Gazprom, AIBA has been able to reserve funds for each of its National Federations and Confederations.
“Boxing is a universal activity that goes back to before sport even organized. AIBA is very proud to now be able to launch this initiative that will support the development of boxing everywhere.
We are also proud to have this chance to support boxing in serving society, especially at such a difficult time because of the pandemic,” said AIBA President Umar Kremlev.
“I have long admired the work of UNESCO and the UNHCR and their efforts to align sport with the achievement of important social goals. Boxing is a brave sport and AIBA is very happy to support these brave efforts.”
Funds will hold in reserve by AIBA up to a maximum of $20,000 for each National Federation and $500,000 for each Continental Confederation.
AIBA currently has 203 National Federations and five Confederations.
Sport understand to a key enabler for achieving the UN Sustainable Development Goals, including good health and wellbeing and gender equality.
Meanwhile, refugee boxers like Ramla Ali of Somalia have already shown how the sport a natural fit for those already fighting for a better future.
AIBA’s Financial Support Package regulations approved during the most recent AIBA Board of Directors meeting.
The regulations limit funding scope to projects that will help with the future development of boxing and establish clear rules on reporting, auditing, tender process and more. —- AIBA