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  • AIBA Restores Healthy Finances to the Delight of its Members


    11/30/18

    Lausanne, 29th November, 2018 – With the fiscal year coming to an end, the International Boxing
    Association (AIBA) is pleased to inform that following the full review of its financial control systems,
    AIBA has managed to restore a healthy and sustainable financial situation.

    Following AIBA Congress that took place earlier this month in Moscow, AIBA members expressed their
    strong appreciation and relief concerning AIBA’s financial situation, which has seen significant
    improvements in recent months. AIBA implemented a significant number of changes in regards to its
    policies and procedures to improve accountability, fiscal responsibility and financial mechanisms of
    control at large. This includes in particular the establishment of new partnerships and host city
    agreements.

    Gafur Rahimov, AIBA President, said: “AIBA has come a long way in getting over this financial crisis
    and it has been extremely encouraging to receive all these calls and mails from our member
    federations - both large federations with strong tradition and results in Boxing as well as from some of
    our smallest member federations.

    "The fear of going bankrupt due to past financial mismanagement is
    now far behind us. It is time to turn the page and look further to the development of Boxing
    worldwide. After having spent a lot of time and energy in closing deals and bringing the AIBA finances
    under control, these many positive statements from our members are also a very strong motivation
    personally”.

    The stringent financial controls recently implemented allowed the organisation to operate under
    budget for the first time in history, while improving the transparency and services to AIBA members,
    athletes and stakeholders

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