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"Because of the fiscal and economic austerity brought on by the COVID-19 pandemic, (the government) thought it would not be recommended to right now sign the guarantees asked for by FIFA," the CBF said in a statement on Monday. Brazil has hosted a string of international sporting competitions in recent years – including the World Cup in 2014, the Olympic Games in 2016 and the Copa America in 2019 - and the CBF also felt they were outsiders to host yet another major event.
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