UN to set tech bank for LDCs

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Economic Reporter :
The United Nations (UN) member states unanimously decided to establish a Technology Bank for the Least Developed Countries (LDCs).
The Technology Bank would be situated in Gebze, Turkey, according to a release of the Permanent Mission of Bangladesh to the UN.
For the first time in the history of the United Nations, the General Assembly has established an entity to foster technological leapfrogging of LDCs.
“The adoption of the Charter symbolizes the strong commitment and political will of the international community to realize the 2030 Agenda,” Ambassador Masud Bin Momen, Permanent Representative of Bangladesh to the UN and the Chair of the Global Coordination Bureau of the LDCs said.
He said it paves the way for implementing the other goals and targets, many of which are deeply contingent upon leveraging modern and clean technologies”.
This is a milestone achievement for the LDCs under the chairmanship of Bangladesh. Bangladesh delegation played a major role in forging consensus among the 193 members of the General Assembly on the resolution.
While introducing the resolution for adopting the Charter, the President of General Assembly acknowledged with appreciation the role played by Bangladesh in drafting the resolution and also in the entire process.
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