Dhaka to donate $50,000 to LDCs' Technology Bank

Bangladesh will make a 'token' contribution of $50,000 to the fund for the Technology Bank of Least Developed Countries or LDCs, the foreign minister says, reports bdnews24.com.

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 Çavusoglu 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 LDCs.

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