The Tour, which will span six continents over the next seven months, is designed to provide athletes with more high calibre competitive opportunities to earn prize money and world ranking points while reaching fans in nearly every corner of the world.
The Tour will be divided into three levels – Gold, Silver and Bronze – whose status will be determined by the quality of competition and prize money on offer.
World Athletics is investing in the Gold level meetings, which will each offer $US200,000 in prize money. Area associations will be responsible for managing the Silver ($US75,000 prize money) and Bronze level competitions ($US25,000).
Saturday's Sydney Track Classic, a popular fixture in Oceania dating back to the 1990s, will launch the Tour and will feature athletes from 12 countries.