The Committee and the Brazilian Olympic Confederations are committed to providing the best conditions of training and preparation for individual athletes and teams in the Olympic cycle Tokyo 2020.
In order to realize the division of resources of the Agnelo-Piva law for 2019, the COB reassessed and adjusted the criteria used in 2018, seeking further alignment with the entity's Strategic Map.
A novelty is the item destined to the Program GET (Management, Ethics and Transparency), an initiative of the entity to assist in the improvement of the management of the Brazilian confederations of Olympic sports, which now starts to count valid points for the definition of the distribution.
In this way, the COB uses parameters, based now on 12 criteria, of which 10 are linked to the sports area and two to the governance sector. The goal is to preserve as much as possible the conditions of preparation of the athletes towards the Tokyo 2020 Olympic Games, also advancing the commitment to improve the management of the Confederations.
The Agnelo-Piva Law allocates up to 1.7% of the prizes paid to the bettors of all the country's federal lotteries to the COB. The resources secured through the Piva Law have allowed the COB to invest in the Olympic Sport in a continuous and growing manner.
When the funds are invested through the Confederations, the COB closely monitors the quality of the investments and checks the results obtained by the entities. The release of funds for new projects is always conditional on the provision - and approval - of the accounts of previously developed projects.
Source: GMB
