The Federation plans to use the venue’s meeting rooms as temporary offices, the auditorium for speeches and press conferences and the foyer and bar area for receptions and catering from 22 July to 13 August.
The agreement was facilitated by several parties including Peyton & Byrne, who run the British Library’s Conference facilities, London & Partners, the IAAF and Locog.
Lamine Diack, IAAF president, said: "On behalf of the IAAF, which celebrates its 100th birthday in 2012, I am very happy that we have been able to establish our Olympic offices at such a prestigious location.
"We will not only have a perfectly modern, efficient working environment, but it will be ideally located for the IAAF family hotel and main train access to the Olympic Park. As a bibliophile myself, I am also happy that by choosing the British Library, the IAAF can demonstrate how sport and culture can be closely linked."
David Read, the Library’s head of facilities and property, said he was "delighted" with the news.
"We hope that the Library becomes a hub of activity during the Olympic period and we look forward to welcoming IAAF officials to one of the UK’s greatest institutions," he commented.
The signing is part of a broader range of activity the Library is planning for this summer, including two major public exhibitions.
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