The IOC statement called for "a new testing authority" to be set up "within the framework of WADA".
IOC President Thomas Bach had argued that a spate of recent scandals proved worldwide sports federations had far too much power in the anti-doping fight, with their effectiveness often limited by conflicts of interest.
Currently, anti-doping controls are run by individual sports federations, with WADA overseeing global compliance - essentially trying to ensure that federations follow a broad set of rules.
"It was encouraging to hear the sentiment expressed in today's Olympic Summit that echoes the consensus reached by other stakeholders to the effect that WADA must be given greater authority and regulatory powers", Reedie continued.
At the International Olympic Committee summit, sports leaders backed the World Anti-Doping Agency and said it must be bolstered, both financially and through beefed-up authority.
The 62-year-old German suggested that some of this money would simply be transferred from the pots of money each global federation is spending on its own anti-doping operation, and reiterated that whatever sport puts in, governments will be expected to match.
Some IOC leaders accused WADA of reacting too slowly to evidence that Russian Federation was running a massive state-sponsored doping programme and questioned the agency's governance.
"I'm very happy with it", WADA President Craig Reedie said after the meeting.
"There is nothing explicit about state-sponsored doping in Russia, or about the moral responsibility of the International Olympic Committee to push Russian sport and sport leaders to necessary cultural change in that country for genuinely protecting clean sport ... and nothing acknowledging the findings of the McLaren report as demonstrable facts and not mere allegations".
Bach has also backed reforms that would see the Court of Arbitration for Sport (CAS) decide on penalties for anyone caught cheating.
"If we are granted these powers".
Bach confirmed that the International Olympic Committee has two commissions looking into the Russian case, including one dealing with possible sanctions resulting from the alleged tampering of doping samples during the 2014 Sochi Winter Games.
That came when Bach repeated his previously-stated belief that Richard McLaren, the Canadian law professor who uncovered Russia's systemic cheating for WADA, failed to give Russian Federation a chance to explain its side of the story.
The IOC vowed to help Wada increase its annual budget of £21.7m if it made changes in line with its recommendations. "You have to make the difference between the prosecutor and the judge in order to have a legally sustainable and judicial procedure".
The key issue of funding was left until the penultimate paragraph of the Olympic Summit's "declaration", saying only that "the Olympic movement is ready to contribute to an increased financing along with the governments" but that depends on "the implementation of the reforms.and based on the results provided by WADA".
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