Caixa Econômica Announces Major New Investment in Brazilian Paralympic Committee

April 11, 2013

The Brazilian Paralympic Committee (CPB) have announced that Caixa Econômica Federal have become a major new supporter for the next four years.

Loterias Caixa will invest 120 million Brazilian real (BRL) (EUR 46.15 million) in 13 Paralympic sports and individually in approximately 50 athletes. This amount represents an average investment of BRL 30 million a year until the Rio 2016 Paralympic Games.

The new contract represents an increase of more than BRL 20 million a year. Until last year, cialis the Brazilian Paralympic Committee and Loterias Caixa had a BRL 22 million agreement for the two-year period from 2011-2012, generic supporting six sports and 22 athletes and guides.

The agreement includes the following sports: athletics, there powerlifting, swimming, wheelchair fencing, shooting, football 5-a-side, football 7-a-side, boccia, goalball, sitting volleyball, sailing, table tennis and rugby.

The increased values come after the impeccable performance by Brazilian Paralympic athletes at London 2012. The athletes won 21 gold medals, and a total of 43 medals, accomplishing a unique feat for Brazil by achieving the goal that had been determined four years earlier: to finish the Games in seventh place in the medal standings.

“Caixa is a great partner and has always stood by the Brazilian Paralympic Movement. It now further strengthens its presence by supporting 13 sports on the Rio 2016 Paralympic Games programme. This is a sign that we are on the right track. The fact that we have signed a four-year agreement also gives us the peace of mind to continue in our determination to achieve a fifth-place finish in the medal standing at the Rio 2016 Games,” said CPB President Andrew Parsons.

“For quite some time, Brazilian Paralympic sport has been presenting an admirable growth, both in terms of quantity and quality,” stated Jorge Hereda, president of Caixa.

“Caixa is proud to have made a significant contribution to this process, either by sponsoring competitions or by offering financial support to dozens of athletes.”

In the first two years of the partnership (2013 and 2014), Caixa will invest BRL 56 million. In 2015, the year of the Para-pan American Games in Toronto, Canada, the Brazilian Paralympic Committee will receive an additional BRL 30 million. Finally, in 2016, Loterias Caixa will invest BRL 34 million in Paralympic sports.