This decision was made during the ongoing International Olympic Committee (IOC) Executive Board meeting here today.

All three cities will now submit the third part of their candidature files - on Games Delivery, Experience and Venue Legacy - by the February 3 deadline.

This follows a presentation by IOC Evaluation Commission chair Frank Fredericks on the second stage of the candidature process.

This was devoted to governance, legal and venue funding.

According to an IOC statement, "no significant issues were flagged at this stage that would merit not supporting the advancement of a particular city to the next stage as a result".

Evaluation Commission inspections to all three cities will then take place in April and May.

A final decision is then expected to be made at the IOC Session in Lima on September 13.

“We are delighted by the support we have received from the Olympic Movement for our innovative plans to bring the world’s greatest sporting event back to the heart of the city," said Budapest 2024 bid leader Balázs Fürjes. 

"Our goal is to make the Olympic Games experience more exciting for the athletes and more affordable and accessible for more cities to host and to spread the Olympic spirit and revitalise sport worldwide."

Los Angeles 2024 chair Casey Wasserman added: “On behalf of LA 2024, we are honoured to proceed to the next stage of the IOC’s Candidature Process and thank the IOC for their continued support and valuable feedback. 

"The IOC’s collaborative process as outlined by the visionary Olympic Agenda 2020 reforms has proved greatly beneficial to our committee as we create LA 2024's low-risk, innovative and sustainable new Games for a new era."

No official reaction has yet been given by Paris.