The 2011 Istanbul Programme of Action have called for the establishment of a technology bank and a science, technology and innovation supporting mechanism dedicated to least developed countries. The “Technology Bank” has been a long-standing priority of the LDCs confirmed in the 2015 Addis Ababa Action Agenda and in Sustainable Development Goal 17.
The objective of the Technology Bank is to help the least developed countries build the Science, Technology and Innovation (STI) capacity that they need to promote the structural transformation of their economies, eradicate poverty and foster sustainable development.The initiative has been supported by the UN Office of The High Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS. The Technology Bank is expected to be launched and in operation by 2017 with headquarters in Turkey.
More information is available on the website.
