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Two-thirds of international federations take up Swiss loan offer

(Photo by Alessandro Di Ciommo/NurPhoto via Getty Images)

Around two-thirds of Switzerland-based international federations have taken advantage of the government loans being offered to ease their cash-flow problems during the Covid-19 pandemic, according to Francesco Ricci Bitti, president of the Association of Summer Olympic International Federations (ASOIF).

The loan system was announced by the Swiss government on May 13 with the aid part-covered by the International Olympic Committee, which is based in Lausanne.

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