WADA Collects More than 90 per Cent of Dues for 2004
Montreal, December 22, 2004 – The World Anti-Doping Agency (WADA) announced today that it has collected approximately 94 percent, of its dues from governments and the Olympic Movement for 2004. This figure is the highest percentage of payments collected by the Agency in a calendar year since WADA was founded.
The United States recently paid its dues of U.S. $1.44 million, the second highest amount paid to WADA by a government this year. The U.S. had reached an agreement with the Canadian Government whereby the two countries would pay 75 percent of the dues owed to WADA by the American continent.
WADA’s budget is financed equally by governments and the Olympic Movement. The International Olympic Committee (IOC), which makes payments to WADA on behalf of the Olympic Movement, matches dollar for dollar contributions made to the Agency by governments.
'We are very pleased with the effort governments have made in 2004 to fulfill their financial obligations to WADA,' said Richard W. Pound, WADA’s president. 'It seems the mechanisms are now in place for governments to pay in a timely manner, which will ensure that WADA has the resources it needs to carry out its responsibilities.'
WADA amended its statutes this year to require that all governments pay their dues or be excluded from participation at WADA Foundation Board and Executive Committee meetings, as well as risk sanction from the sporting movement by being barred from hosting international events.
In addition to the monies collected for dues in 2004, WADA has also collected $3.7 million for funds due in 2002 and 2003.
The Agency has also already received $460,000 in dues owed for 2005. The Oceania region has fulfilled its entire financial commitment to WADA for next year.
For more details contact:
Frédéric DONZÉ
Office/bureau: + 1 514 904 8820
Cell/cellulaire: + 1 514 979 8820
E-mail: frederic.donze@wada-ama.org
The United States recently paid its dues of U.S. $1.44 million, the second highest amount paid to WADA by a government this year. The U.S. had reached an agreement with the Canadian Government whereby the two countries would pay 75 percent of the dues owed to WADA by the American continent.
WADA’s budget is financed equally by governments and the Olympic Movement. The International Olympic Committee (IOC), which makes payments to WADA on behalf of the Olympic Movement, matches dollar for dollar contributions made to the Agency by governments.
'We are very pleased with the effort governments have made in 2004 to fulfill their financial obligations to WADA,' said Richard W. Pound, WADA’s president. 'It seems the mechanisms are now in place for governments to pay in a timely manner, which will ensure that WADA has the resources it needs to carry out its responsibilities.'
WADA amended its statutes this year to require that all governments pay their dues or be excluded from participation at WADA Foundation Board and Executive Committee meetings, as well as risk sanction from the sporting movement by being barred from hosting international events.
In addition to the monies collected for dues in 2004, WADA has also collected $3.7 million for funds due in 2002 and 2003.
The Agency has also already received $460,000 in dues owed for 2005. The Oceania region has fulfilled its entire financial commitment to WADA for next year.
For more details contact:
Frédéric DONZÉ
Office/bureau: + 1 514 904 8820
Cell/cellulaire: + 1 514 979 8820
E-mail: frederic.donze@wada-ama.org