Tokyo Looking To Cut $1.7B Off 2020 Bill IOC Vision Creates 'Sense Of Modernization' IOC VP Asks Toyko To Move Event Venues IOC To Bring In Cheaper, Easier Bidding IOC To Unveil Major Changes British Swimming Partners With Japan Australian Olympic Sports Needs Funds Collaboration 'Key' To Aussie Success FIFA Creates Fund To Develop Football Organizers Say Baku Will Be Ready
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/December 5, 2012/Olympics
IOC Tells Rio Organizers 'Time Is Ticking,' Hinting At Slow Rate Of Progress
Published December 5, 2012
CLOCK IS TICKING: REUTERS' Karolos Grohmann reported IOC spokesperson Mark Adams said, "Our message remains there is time but time is ticking. They [Rio organisers] need to carry on attacking this one with all vigour." Adams added that the IOC exec board "also asked organisers about the state of the country's economy with new figures showing lower than expected growth." Brazil's economy "posted extremely disappointing growth in the third quarter, piling pressure on President Dilma Rousseff to make deeper structural reforms and adding to fears that the global slowdown is hurting big emerging markets." Rio 2016 President Carlos Nuzman said, "Everything is on the way and on time. The budget will be ready next year. We are in a comfortable, good situation. We are in a very good road" (REUTERS, 12/4).