IOC President Thomas Bach has convened his executive board to review the tight deadlines still facing the 2016 Olympics in Rio de Janeiro and the financial troubles surrounding the 2018 Winter Games in South Korea.

The two-day board meeting in Monaco comes ahead of a two-day session of the full IOC that will vote on Bach's 40-point reform program, including changes to the bidding process and sports program and creation of an Olympic television channel.

Topping the agenda item for Friday's board meeting was a progress report from Brazilian organizers on 2016 preparations, which reached a crisis stage in May when sports federations and the IOC voiced concerns that the games were at risk because of chronic delays.

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