Macri: Argentina could launch Olympic bid

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BUENOS AIRES, Oct. 5 (Xinhua) — Buenos Aires could begin preparing a bid to host the Olympics Games following this month Youth Olympics in the city, Argentina’s President Mauricio Macri said on Friday.

Macri said Argentina’s capital would benefit from infrastructure already built for the Youth Games, which begin on Saturday.

“Once this wonderful event is finished we will have the chance to start thinking about trying to organize the Olympic Games. Obviously it is much more difficult,” Macri said during an Olympic forum that also included International Olympic Committee (IOC) president Thomas Bach.

The Youth Olympics are a quadrennial event for athletes aged 15 to 18 comprising most of the sports included in the Olympic program.

Argentina is grappling with an economic crisis marked by runaway inflation and a sharp slide in the value of its peso currency.

Last week, Macri’s government reached a deal with the International Monetary Fund for an additional seven billion US dollars in standby financing following an initial 50-billion-dollar aid package in June.

The agreement included a pledge by Argentina to slash spending and raise taxes in an effort to erase the country’s fiscal deficit.

“At a time when we are committed to reducing poverty, organizing such an event is no longer so easy,” Macri said. “In this moment in which we live with a lot of tensions and the need to build new bridges, sports has a unique power to build bridges more solidly than those of steel,” he added.

Rio de Janeiro became the first South American city to host the Olympics Games in 2016. The 2020, 2024 and 2028 Olympics will he held in Tokyo, Paris and Los Angeles, respectively.

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