The United Nations Technology Bank for the Least Developed Countries (LDCs) was launched in Turkey Monday.
Hosted and generously supported by Turkey, the bank is expected to boost the capacity of the LDCs in the areas of science, technology and innovation.
Bangladesh, Norway, Sudan and the Philippines also have made financial contribution towards the establishment of the bank, says a press release.
Bangladesh Representative to the UN and Global Coordinator of LDCs in New York Masud Bin Momen said the technology bank will help bridge the technological gap between the LDCs and the countries with technological advancement.
He assured of the continued support of Bangladesh towards operationalising and emphasised on the need for continued resource mobilisation for the sustenance of the bank.
Bangladesh Ambassador to Turkey M. Allama Siddiki and Bangladesh Consul General in Istanbul Mohammad Monirul Islam along with representatives of the other LDCs were also present on the occasion.
Dr. Faruk Ozlu, Minister of Science, Industry and Technology of Turkey, Dr. Mohammed Al-Sadi, Minister of Planning and International Cooperation of Yemen, Madam Amina J. Mohammed, Deputy Secretary General of the United Nations, Madam Marianne Hagen, Secretary of State of the Ministry of Foreign Affairs of Norway were present among others in the inauguration ceremony.