SAO PAULO (AP) — Brazil withdrew its bid to host the 2023 Girls’s World Cup, arguing on Monday it can not supply FIFA the monetary assurances it wants due to the influence of the coronavirus pandemic.
The Brazilian Soccer Confederation additionally stated in a press release it’s going to help Colombia’s bid in opposition to Japan and the joint candidacy of Australia and New Zealand. South America has by no means hosted the event. A choice is anticipated on June 25.
The confederation stated the administration of President Jair Bolsonaro informed FIFA it couldn’t supply monetary ensures “as a result of situation of fiscal and financial austerity, brought on by the impacts of the COVID-19 pandemic.”
The confederation “understands the place of warning of the Brazilian authorities, and of different private and non-private companions, which stopped them from formalizing the commitments inside time or within the required type,” the assertion added.
Brazil’s economic system is anticipated to contract this 12 months by at the least 7.4%, funding financial institution Goldman Sachs predicts.
The nation is the toughest hit by COVID-19 in Latin America, with greater than 37,000 confirmed deaths.
Brazil’s soccer physique additionally stated the excessive variety of large sporting occasions within the final decade might additionally hurt the possibilities of its bid to host the Girls’s World Cup.