Sunday, November 29, 2020
Home Lead Story International Gymnastics Federation Sets Up Solidarity Fund for Athletes

International Gymnastics Federation Sets Up Solidarity Fund for Athletes

Upto $412,000 funds will be provided to athletes

The International Gymnastics Federation (FIG) has said that a solidarity fund will be set up to support athletes affected by the COVID-19 pandemic as suggseted by the Latest World News.

The special fund will be managed by the FIG Foundation for Solidarity. Up to 400,000 Swiss Francs ($412,000) will be provided to athletes and national gymnastics federations who have been severely hit by the economic repercussions of the crisis which has claimed more than 3 lakh lives across the world thus far.

FIG President Morinari Watanabe called the initiative “a valuable example of solidarity and friendship” in the sport when presenting it at the FIG Executive Committee videoconference meeting on Friday.

gymnastics
“We know how strong the spirit of solidarity is in gymnastics. More than ever, it is by being united that we can overcome this crisis.”, said FIG President Morinari Watanabe. Wikimedia Commons

“This grave crisis plunges the world into a period of uncertainty. We cannot wait until the situation for some of us becomes catastrophic before we act and offer our support,” said Watanabe.

Read More: International Gymnastics Federation Sets Up Solidarity Fund for Athletes

“We know how strong the spirit of solidarity is in gymnastics. More than ever, it is by being united that we can overcome this crisis.”

In addition, FIG also decided to exempt all its member federations from paying their annual membership fees for 2020. (IANS)

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,779FollowersFollow

Most Popular

25M Couples in India Had No Access To Contraceptives During Pandemic

The Covid-19 pandemic interrupted contraceptive access for an estimated over 25 million couples in India, said a report by the Joint United Nations Programme...

Puff-Throated Babbler Spotted in Rajasthan

The spotting of a new species of babbler bird has added a new dimension to Rajasthan's rich biodiversity. The small resident bird spotted in...

Holiday Homes Demand Increased During Pandemic

As the pandemic has significantly impacted the operations of businesses and people's working model, housing preferences also have changed and the demand for holiday...

Researchers Discover Galaxy Surviving Black Hole’s Hunger

Researchers have discovered a galaxy that has been managing to survive a black hole's hunger by continuing to birth new stars, about 100 Sun-sized...

Areas of Brain Promoting Patience Releasing Serotonin

Researchers have identified specific areas of the brain that individually promote patience through the action of serotonin, a chemical that the body produces. The research,...

Climate Change Resulting Decline in Arid Regions’ Vegetation

While climate change and rising global temperatures are leading to declining in vegetation in arid regions of the world's poorest countries, the situation appears...

Instagram Allows Advertisers Create Sponsored Ads From User Accounts

Facebook-owned Instagram is now allowing advertisers to create sponsored ads from user accounts and the feature is part of its update to branded content...

India’s Foreign Exchange Reserves Increase By $2.5 Billion

India's foreign exchange reserves rose $2.51 billion during the week ended November 20. According to the Reserve Bank of India's weekly statistical supplement, the reserves...

Recent Comments