Who We Are

The United Nations Technology Bank for Least Developed Countries is a global organization dedicated to enhancing the contribution of science, technology and innovation for sustainable development in the world’s least developed countries.

The UN Technology Bank became operational in 2018 and serves the 46 least developed countries (LDCs) and former least developed countries for up to five years after their graduation from the category.

Headquartered in Gebze, Turkey, the UN Technology Bank actively engages with national, regional and international partners to deliver its programme and projects which strengthen science, technology and innovation capacity in least developed countries. The UN Technology Bank supports national and regional technological efforts, reinforces partnerships across sectors and helps nations identify and use appropriate technologies to transform their economies and improve livelihoods.

 

 

A Brief History

2011

2016

  • The United Nations General Assembly adopted a resolution (A/RES/71/251) on the establishment of the UN Technology Bank as a subsidiary organ of the General Assembly and adopts its Charter (A/71/363).
     

2017

  • The UN Secretary-General appointed members of the Council of the UN Technology Bank and the Council held the inaugural meeting.
  • The Government of Turkey provided funding and premises for the new institution in Gebze, Turkey. The Norwegian government also donated funds for the organization’s activities.

 

2018

  • The headquarters of the UN Technology Bank was inaugurated and Mr. Joshua Setipa served as the first Managing Director.
  • The operationalization of the UN Technology Bank marked the achievement of the SDG target 17.8.

Least Developed Countries

According to the UN, LCDs are low-income countries confronting severe structural impediments to sustainable developmentThey are highly vulnerable to economic and environmental shocks and have low levels of human assets.

To learn more about LDCs visit "About Least Developed Countries" webpage.