For many member associations facing pandemic-induced hardships, FIFA’s unprecedented injection of USD 1.5 billion in financial aid provided much-needed support and sustenance. Consisting of strictly audited grants and loans, the initiative was overseen by the FIFA COVID-19 Relief Plan Steering Committee at both member association and confederation levels. The funds released in the third and final phase enabled member associations to seamlessly resume competitions, pay administration and operating costs, and maintain their football infrastructure.
In addition, 2022 saw the successful roll-out of the first World Football Remission Fund project. In compensation for losses suffered by FIFA, CONMEBOL and Concacaf as victims of corruption schemes, USD 201 million had been awarded by the US Department of Justice to the FIFA Foundation in August 2021. Overseen by the World Football Remission Fund Board and closely monitored by the Governance, Audit and Compliance Committee, FIFA is ensuring that these funds are rightfully channelled back to where they are most needed.