Paes, who was elected to his position last September, was a high profile member of the Rio delegation that was awarded the Games by the Internaitonal Olympic Committee (IOC) here last Friday.

The Brazilian city triumphed over Chicago, Madrid and Tokyo to become the first South American city to be awarded the Games.

Paes said: "The Olympic Movement is a global Movement, so it has to be global.

"It has to go to all the continents, all the countries, all the areas of the world.

"We're pretty emotional here at this moment because we know it's a very important moment for a city that has a lot to give. It's going to change forever the Olympic Movement."

Paes, 39, will be one of the key-note speakers at the Global Sports Industry Congress in London on October 18 and 19, which insidethegames is the on-line media partner for. 

He is confident that the huge cost of staging the Olympics will not cause Rio financial problems, even though the city's transport system alone needs a $5 billion (£3 billion) upgrade to be ready for the Games.

In total, the Games will cost about $15 billion (£9.4 billion).

Paes said: "The total [of Rio's Olympic budget] is this because we included absolutely everything that affects the Games ... in this respect, Rio's proposal was the most realistic of all."

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Read a full exclusive interview with Eduardo Paes, Mayor of Rio, host of the 2016 Summer Olympics, who will appear at the Global Sports Industry Congress in London on October 19 here.  More details on the Global Sports Industry Congress click here.