Buenos Aires lost by a single vote to Melbourne; for the 1968 Summer Olympics, held in Mexico City; and in 2004, when the games were awarded to Athens. However, Buenos Aires hosted the first Pan American Games (1951) and was also host city to several World Championship events: the 1950 and 1990 Basketball World Championships, the 1982 and 2002 Men's Volleyball World Championships and, most remembered, the 1978 FIFA World Cup, won by Argentina on 25 June 1978, when it defeated the Netherlands at the Estadio Monumental 3–1. In September 2013, the city hosted the 125th IOC Session, Tokyo was elected the
Integrated urban water management in Buenos Aires, Argentina itself. Additionally, a near 27% reduction in water tariffs quickly followed after the signing of the concession. After a renegotiation of terms in 1997 that generated wide criticism, the concession was canceled in 2006. Water and sewer provisions in the Buenos Aires Metro Area (BAMA) have since been handled by a conglomerate of companies called Water of Greater Buenos Aires ("Aguas del Gran Buenos Aires"). Argentina enjoyed four years of rapid recovery from the economic and social crisis of 2001-02, which was one of the most severe losses of income and downturns in living standards on record. Effective macroeconomic management,