The new deal adds to the existing co-operation
agreements that were signed before the 2012 Olympic and
Paralympic Games in London, with the IOC continuing to make it
obligatory for Olympic hosts to also stage the Paralympics.
The two organizations will also work towards increasing
visibility for the Paralympic Games along with the development
and implementation the Olympic Agenda 2020, which dictates a
strategy for the future of the Games.
"Enhancing the cooperation between the Olympic and Paralympic
Movement was one of the key recommendations of Olympic Agenda
2020," IOC President Thomas Bach said a day after the 2018
Paralympic Winter Games kicked off in PyeongChang.
"Therefore, the IOC is pleased to strengthen its substantial
support to the IPC and the entire Paralympic Movement because we
share so many of the same values and objectives."
The IOC will continue to provide financial stability for the
IPC, benefiting Paralympic athletes and organizers for the next
14 years.
"Strengthening the relationship with the IOC and securing the
future of the IPC and the Paralympic Movement was my number one
priority when I was elected as IPC President last September,"
IPC President Andrew Parsons said.
(Reporting by Aditi Prakash in Bengaluru; Editing by Amlan
Chakraborty)
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