Dear Giovanni, Great milestone by ICANN and thanks for sending the compliments on behalf of the SOPC. Biyi Oladipo On Thu, Oct 1, 2020 at 8:29 AM Giovanni Seppia <Giovanni.Seppia@eurid.eu> wrote:
Dear All,
Please see a news item below on the ICANN Reserve Fund.
*A New Milestone for ICANN’s Reserve Fund by Xavier Calvez, SVP, Planning & Chief Financial Officer*
Two years ago during ICANN63, the ICANN Board approved an eight-year plan to replenish the ICANN Reserve Fund to an amount equal to one year of operating expenses as the minimum target level of the Reserve Fund. Last month, for the first time in ICANN’s history, the Reserve Fund reached the funds required for 12 months of operating expenses.
<https://www.icann.org/news/blog/a-new-milestone-for-icann-s-reserve-fund>
On numerous occasions the SOPC urged ICANN to replenish the Fund as soon as possible.
I have sent a message to Xavier and his team to compliment them for the work done.
Best,
Giovanni
<http://www.eurid.eu/>*Giovanni Seppia* */ External Relations Manager*
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