Olympics - IOC plan $28.5 million Tokyo subsidy for NOCs and will help COVID costs for Beijing

FILE PHOTO: The Beijing 2022 logo is seen outside the headquarters of the Beijing Organising Committee for the 2022 Olympic and Paralympic Winter Games in Beijing, China, November 10, 2021. REUTERS/Thomas Peter

(Reuters) - The International Olympic Committee (IOC) plans to offer $28.5 million to National Organising Committees (NOCs) for participating in this year's Tokyo Games, with a new subsidy programme planned for the Beijing 2022 Winter Olympics.

The Olympic Solidarity Commission increased the subsidy budget by $10.3 million in April 2020 to assist NOCs in the run-up to the Tokyo Summer Games, which was pushed back by a year due to the COVID-19 pandemic.