Written on May 31 2016 11:25:40. by The News from Liberia
The Liberia Football Association is expected to receive US$5 million for a four-year program. Each year, Liberia is expected to get US$1,250,000.
FIFA has increased its financial support for member associations and football development to US$5M.
This was announced during the 2016 FIFA congress in Mexico by the federation new president Gianni Infantino. The May gathering is the first official congress for Infantino since he was elected in February 2016.
According to a statement posted on FIFA's website:“Associations will have access to $750,000 per year for football projects such as pitches, competitions and women's football. And every association also receives up to $500,000 per year for running costs in areas including administration and governance which total to US$1,250,000 per year.”
FIFA said it was increasing financing to improve the development of soccer.
“We are increasing our financial support for the six confederations so that they can do more to develop football in their regions,” FIFA stated.
“Confederations now receive $40 million per four-year cycle for football development, up from 22 million US dollars.”
The governing body explained that women and youths will be encouraged to take part in international competitions.
“We are providing extra help to member associations that need it, from football equipment and internship programs up to $1 million to cover travel costs so that women's and youth teams can compete in international competitions,” FIFA stated.
The statement further indicated that “As part of Forward's annual running costs funding per association, members receive basic support of $100,000 per year. They can then receive additional annual funding of $50,000 for each of the following criteria they fulfill, up to an additional $400,000 each year... At least two of the areas that member associations can focus on for this extra funding must cover women's football.”