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Add to Preferred SourcesThe Inter-American Development Bank (IDB) has joined forces with the International Olympic Committee (IOC) to launch an initiative that will benefit more than 4,000 young people through sports in Argentina.
The project, which will be financed by US$1.5 million commitments from the IDB’s Multilateral Investment Fund (MIF) and the IOC, was formally announced in Buenos Aires, Argentina as IDB President Luis Alberto Moreno and IOC President Thomas Bach signed a Letter of Intent.
The partnership, which also includes the Argentine Olympic Committee, UN Women, the City of Buenos Aires, and Panam Sports, will use sports as a tool to sharpen the digital skills of participating young people and to teach the Olympic values of excellence, friendship, and respect, working toward the overall objective of better preparing them for the workforce. Given the partnership’s special focus on empowering women and girls, the collaboration will leverage the efforts and financing provided by UN Women to the IOC to fund leadership activities for 1,000 girls and adolescent women.
In Buenos Aires, the IOC is building a community sports center to serve the low-income neighborhood Barrio 31 and surrounding vulnerable communities. The Ministry of Education and Innovation of the City of Buenos Aires, Fundación SES, and other partners will build on Argentina’s Plan Sarmiento by integrating sports and employment activities into the countries’ extended school day program. Through this component, programing will be provided to approximately 3,000 adolescents.
In the coming months, this model will be scaled and replicated in Colombia and Ecuador. It builds upon the IDB and the IOC’s extensive experience and past collaborations in sports for development.
Original source: IADB
Published on 10 October 2018