Steve Ninvalle, President of the Guyana Boxing Association (GBA), praised the decision of the International Boxing Association (IBA) to invest in excess of USD$80 million in prize money for the next four-year cycle.
This was stated in an official release from the GBA.
Ninvalle said, “To designate or describe this decision by IBA as transformative and historic would be an understatement. With this policy implementation, amateur boxing, whose trajectory on the respective local and international circuits has been on a steep upward climb, has further solidified its status as a genuine alternative and a lucrative alternate to the professional realm.”