The UN General Assembly on Friday, officially established a Technology Bank to accelerate the technological Advancement of the Least Developed Countries (LDCs).
Mr Gyan Acharya, UN High-Representative and Under-Secretary-General for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) disclosed this in a statement obtained by the Correspondent in New York.
Acharya said the new UN institution was viewed as a significant achievement for the development of science, technology and innovation in the world’s poorest countries.
He said the Technology Bank is intended to help least developed countries strengthen their science, technology and innovation capacities, foster the development of national and regional innovation ecosystems that could attract outside technology and generate homegrown research and take these advancements to market.

