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Kevin Kuo-Ichen, Chairman of Financial committe pose a group picture with the financial committee members of the OCA.
OCA Finance Committee meets in Macau

06 Nov 2012
Macau, China: Under the Chairmanship of Mr Kevin Chen of Chinese Taipei, the OCA Finance Committee met at the Banyan Tree Hotel in Macau on Tuesday. The Director General and Technical Director of the OCA, Capt. Husain Al-Musallam, announced that the Olympic Solidarity budget for the next quadrennial 2013-2016 would be approved at the OS Commission meeting in Macau on Friday.

He encouraged the Asian National Olympic Committees to take maximum benefit from the schemes and funding initiatives.

The figure for the previous Olympic cycle 2009-2012 was US$311 million for the world’s 200+ NOCs.

Mr Haider Farman, Director of the OCA’s Asian Games department, gave a presentation on the Olympic Solidarity programmes available.

In other matters, the committee gave its blessing to transfer one investment account from Credit-Suisse to Merrill Lynch, and also gave the go-ahead for the OCA to invest in United Resources Real Estate Company.

The committee also approved the audit report for 2011.
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