The chairman of London 2012 and is also due update the Olympic Council of Asia (OCA), which is a sporting body that controls all sports in Asia, on the progress of preparations for the Games in the capital.

 

He will again emphasise that London 2012 is on track despite the current economic crisis.

 

Coe said: "We've raised more money than any other host city at this point.

 

"The economic downturn, which is always going to be a challenge for everybody, has so far not really affected us.

 

"That's in large part due firstly to early planning, secondly to the quality and strength of the Olympic brand because people are investing in the Olympic Games as sponsors.

 

"They understand the vision behind the Games and that's very powerful for us.

 

"We've set ourselves a target of about £680 million.

 

"We are in and around the £500 million mark, with three years to go."

 

Coe also said Asia's emergence as a world superpower is important in promoting sports.

 

He said: "I suppose the process really began in 1988, in Seoul, with the Olympic and Paralympic Games, and Asia has built on that.

 

"The Beijing Games was a seismic jump forward and the Games itself was the largest, most impactful Games of all time - in television numbers, in terms of medals, the number of women competing, the number of national Olympic committees."

 

Coe said he was also impressed by Singapore's staging of the Asian Youth Games and believes the Republic is already a destination for major sporting events, including next year's Youth Olympics.

 

He said: "If a city, a country, is prepared to invest in events, it also means they understand there is a commitment beyond those events to other things that happen in sport.

 

"I went to the track and field championships yesterday and thought they were remarkably organised.

 

"All the events went off on time, there were good facilities, good warm-up areas.

 

"Clearly, a lot of thought had gone into recognising that the athletes are the most important part of this whole process."