New UN Initiative to Boost Access to Science and Technology
The world's poorest nations are one step closer to gaining access to critical science, technology and innovation (STI) that is vital to their sustainable development, poverty eradication, and changing the lives of millions of people who live in some of the poorest segments of the global community, the United Nations has announced.
The United Nations agreed to prepare a study on the creation of a ‘Technology Bank', specifically aimed at addressing STI gaps in least developed countries (LDCs).
Once operational, the Bank will make critical contributions to transforming the lives of the poorest segments of the global community.
The state of science and technology is weak in the least developed countries and as a result, they face immense challenges in their use of science, technology and innovation to fight poverty and improve the socio-economic conditions of their people. Acquiring new technologies and building a knowledge base to be able to fully that technology is critical for the socio-economic transformation of the LDCs. Development of this sector is also expected to bridge LDCs' digital divide and technology gap.
The UN Office for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) will serve as Secretariat to the Panel and coordinate the undertaking of the study. The Panel is expected to deliver its recommendations on the details of the Technology Bank to the Secretary-General in July 2015.