The Boxing World Cup is due to take place this year after a 12-year absence.
It will be held in the Russian city of Nizhny Novgorod in October and is expected to feature 16 countries and teams comprising a mix of Olympic boxers and professional fighters.
Up to $5 million (£4 million/€4.5 million) in prize money could be offered at the tournament.
The tournament’s motto will be “Boxing for Peace”, with competition due to coincide with the 75th anniversary of the end of World War Two.
If it is a success, AIBA hope to include female boxers in future tournaments.
The Boxing World Cup was originally launched in 1979 when it was staged at Madison Square Garden in New York City, with the United States beating the Soviet Union in the final.
It was held from 1979 to 1998 as an individual competition and from 2002 to 2006 as a team competition.
In 2008 the format returned to individual competition, though the team score was still accounted for, with Cuba triumphing.
Indeed, Cuba are the most successful team in the World Cup, winning seven of the 12 editions so far.