ICANN as a lender, or a loan guarantor, is an interesting idea. If someone in NARALO has experience in setting up a rule-maker-with-lending-authority (yesterday I encountered a quip that previously $CORP was an auto maker that made loans to dealers and buyers, and now $CORP is a bank that makes cars), it would be good to put something together that ICANN legal can start to soak up. Eric On 3/18/11 9:15 AM, Danny Younger wrote:
Proposed comment:
Regarding the GAC Scorecard point #10.1 (on suitable provisions not to exclude stakeholders from developing countries from participating in the new gTLD process), the ALAC points the ICANN Board to the current level of the Reserve Fund (in excess of $50,000,000) and advises the Board to become the lender of last resort for needy applicants. A loan program coordinated by ICANN would serve to respect the principle of cost recovery, and low or no interest terms for disadvantaged new gTLD applicants would serve the organization’s charitable interest.
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