Fédération Internationale de Football Association [FIFA] has approved a Covid-19 relief plan that will make up to $1.5bn (€1.3bn) available to support the global football community.
The relief plan has been designed by the Fifa administration in close cooperation with representatives from continental confederations.
The first two stages of the plan also gave member associations the opportunity to transform Forward Development grants into Covid-19 operational relief funds, with a minimum of 50 per cent of released funds to be allocated to women’s football.
The third stage, approved by the Fifa Council yesterday (Thursday), centres on a system of grants and loans. A universal solidarity grant of $1m will be offered to all member associations, with an additional grant of $500,000 to be allocated specifically to women’s football. Each confederation will also be given a grant of $2m.
Also, member associations will be able to apply for interest-free loans amounting to up to 35 per cent of their audited annual reviews. Loans will range in value from $500,000 to $5m. Each confederation will have access to a loan of up to $4m.
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