The championships that are held in New Delhi, India between March 15 and March 31 will be monitored by an International Olympic Committee (IOC) led by the prestigious PricewaterhouseCoopers (PwC) company that offers business advisory services.
Over 65 countries will participate in the championships, which will feature 300 professional boxers. The event was announced in December. There will be 12 weight divisions, with competitions ranging from 48 kg (105lb) to +81kg (178lb).
The Decision, Part IBA’s Compliance Assessment
PwC led the compliance evaluation process of IBA monitoring and ongoing monitoring. This was followed by its continuous governance reform, methodology, activities, and the decision to monitor the championships by the IOC.
IBA is committed to ensuring the integrity of all technical personnel in their selection and assessment of procedures.
This commitment, along with an evaluation of its reform efforts, should allow it to be recognized by the IOC in time for the Paris 2024 Summer Olympics.
The IOC recommended that boxing not be included in 2028 Los Angeles Olympics. PwC’s newly announced monitoring might also change their minds.
IBA expects that the PwC committee observes IBA’s “best practice” regarding technical and competition rules, particularly its heralded bout reviewing process.
The PwC team will be working in tandem with the IBA at the New Delhi championships. Prof. Richard McLaren, his internationally recognized McLaren Independent Investigation Team and Prof. Richard McLaren will also be present to conduct background checks and other assessments for the competition officials.
This same team will inspect the IBA Men’s World Boxing Championship 2023, which will take place in Tashkent (Uzbekistan) between May 1st and May 14th.
The World Championships are “A Testimony to Indian Boxing’s Unparalleled Credentials”.
Ajay Singh, president of the Boxing Federation of India, explained that the World Championships are “a testament to Indian boxing’s unparalleled credentials”.
Singh explained that the IBA team was on their side and that they were fully prepared to provide a great boxing experience. He also expressed confidence that the forthcoming World Championships would “help boost boxing at a global scale.”
There was excitement expressed about the Indian boxers who are set to launch their careers on the international scene. The $100,000 cash prize will go to gold medalists.
Silver medalists will receive a cash prize worth $50,000, while bronze medallists will get $25,000. The championships prize fund has been set at $2.4million.