IAAF President Sebastian Coe

Candidates are expected to present to the IAAF a government guarantee on the costs of hosting the event by November 1, the Hungarian Athletics Association said yesterday. The IAAF is to pick the winning candidate on December 4.

President of IAAF Sebastian Coe said in July that Budapest was a preferred candidate for the event, the website atletika.hu says.

The budget, also approved by the IAAF, shows that hosting the event would cost HUF 31.5 billion.