Borges, also the former President of the Latin American Table Tennis Union and a Venezuelan Minister of Sport from 1979 to 1984, died aged 79 on October 21 after being admitted to hospital earlier in the month following a kidney failure.

The plan, presented by VOC officials, including current President Eduardo Álvarez Camacho, will consist of six programmes focusing on issues including assistance for national sports federations and coaches whose athletes qualify for the Olympic Games.

Other programmes will be devoted to a new Olympic Village, Olympic development centres and coach education, as well a organising the country's National Olympic festival.

A proposal for a new self-management programme for regional water sports associations was also proposed.

The South American country first competed at the Olympic Games in London in 1948, and has since won 12 medals consisting of two golds, two silvers and eight bronze. 

One of these came at London 2012, when Rubén Limardo claimed a superb men's epee fencing victory before following that with gold at this year's Pan American Games in Toronto.

Improving sporting performances is one element of the new plan, as well as increasing participation figures and the efficiency of the organisation.

It also comes in a sad period as former VOC President Fernando Romero Mazzeo, who also died in September after suffering a fatal heart attack at the age of 81..

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September 2015: Former Venezuelan Olympic Committee President dies aged 81