Bangladesh to donate $50,000 to Technology Bank of LDCs

Bangladesh will make a 'token' contribution of $50,000 to the fund for the Technology Bank of the Least Developed Countries or LDCs, the foreign minister says.

Senior Correspondentbdnews24.com
Published : 23 Sept 2017, 03:36 PM
Updated : 23 Sept 2017, 05:58 PM

AH Mahmood Ali, speaking at a press briefing in New York on the sidelines of the UN General Assembly on Friday, also urged all other LDCs to make a “symbolic pledge” for the Bank.

Turkish foreign minister Mevlüt Çavuşoğlu was also present at the press briefing.

Turkey hosts the Bank dedicated for LDCs. Bangladesh is the current chair of LDCs.

The initiative is aimed at strengthening LDCs science, technology and innovation capacities, and facilitating the transfer of technologies to LDCs.

The foreign minister said the establishment of the Bank is a “major milestone” in the implementation of the 2030 Agenda and the Istanbul Programme of Action for LDC.

“We believe that all LDCs should reap the benefits of the Technology Bank, over a period,” the foreign minister said.