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Fifa using $67m legacy fund for social initiatives
The Straits Times
|November 29, 2024
LAUSANNE - Fifa launched a US$50 million (S$67 million) legacy fund for social programmes on Nov 27, in collaboration with 2022 World Cup hosts Qatar and the World Health Organisation (WHO), the World Trade Organisation (WTO) and UNHCR, the UN Refugee Agency.
In November 2022, world football's governing body had promised the legacy fund from World Cup proceeds would be used to help "some of the most vulnerable people in the world".
"Fifa is taking the concept of a legacy fund to the next level in terms of reach and impact by tackling key priorities such as refugees, occupational health, education and football development," Fifa president Gianni Infantino said.
Revenues from previous World Cups have been put into legacy funds for the host nation to use for the development of the game and the US$50 million corresponds to approximately 1 per cent of the commercial revenue raised around the 2022 World Cup.
Fifa said it would team up with WHO to support its "Beat the Heat" initiative to safeguard the health and safety of high-risk individuals from extreme heat.
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