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Ä¢¹½ÊÓÆµ Technology Bank Council adopts new Strategic Plan 2025 ¨C 2027 with a forensic focus on results

Press Release 31 January 2025

 

Istanbul - ¡°This Strategic Plan will set the stage for a transformative new chapter for the Ä¢¹½ÊÓÆµ Technology Bank¡± - Under Secretary-General Ä¢¹½ÊÓÆµ-OHRLLS, Rabab Fatima

The 2025-2027 Strategic Plan for the Ä¢¹½ÊÓÆµ Technology Bank (Ä¢¹½ÊÓÆµTB) ¡®Delivering Results for the Least Developed Countries¡¯ was approved by the Governing Council at their 9th Session in Istanbul, T¨¹rkiye today.

The Strategy charts a new direction for the Ä¢¹½ÊÓÆµTB in its efforts to secure a sustainable future for the world¡¯s poorest countries, using science, technology and innovation (STI). Its associated workplan will enable the world¡¯s 44 Least Developed countries (LDCs) to access a wealth of knowledge, policy guidance and capacity-building targeted directly at their development needs.

Deodat Maharaj, Managing Director of the Ä¢¹½ÊÓÆµ Technology Bank said:

¡°Under this new Strategic Plan, the Ä¢¹½ÊÓÆµ Technology Bank will position itself as the ¡®go-to¡¯ place for the Least Developed Countries (LDCs) to strengthen their science, technology and innovation capacities. In 2025, our role is more important than ever. Rapid technological and digital advances offer enormous potential for the world¡¯s most vulnerable countries to change their development path. Our strategy is designed to deliver high-impact low-cost solutions intended to drive transformational change in LDCs.¡±

At the meeting, Mr. Maharaj outlined opportunities for the Ä¢¹½ÊÓÆµTB to explore, including leveraging the impetus generated by the 2024 Ä¢¹½ÊÓÆµ Pact for the Future and its associated Digital Compact, which provides an inclusive framework for bridging the digital divide. Only of citizens in LDCs uses the Internet, a point raised by Council members in their discussions.

Opening the session, Prof. Hasan Mandal, Chair of the Council said:

¡°This meeting is of particular importance as it represents both a culmination of our efforts over the past year and an opportunity to shape our future.¡± His views were echoed by H.E. Rabab Fatima, Under Secretary-General Ä¢¹½ÊÓÆµ-ONHRLLS, who said it would set the stage for a transformative new chapter for the Ä¢¹½ÊÓÆµ Technology Bank (Ä¢¹½ÊÓÆµTB).

The 2025-2027 Strategic Plan was developed in close consultation with experts in STI and clients from across the LDCs, ensuring that Ä¢¹½ÊÓÆµTB initiatives dovetail with the development agendas of client countries.

Key takeaways include:

  • Driving investments and building capacities in STI while helping to create an enabling climate for science, technology and innovation;
  • Closer engagement with policymakers to deliver results in high priority sectors like artificial intelligence to help drive transformation in LDCs; and
  • Strengthening the knowledge brokering role of the Ä¢¹½ÊÓÆµ Technology Bank by connecting governments, centers of excellence and the private sector to deliver solutions and help create jobs and opportunities in LDCs.

The , , , , , , , WIPO and the Government of T¨¹rkiye attended the meeting as Observers.

ENDS

 

For media inquiries or further information, please contact: flaminia.maldicolombo@un.org

 

As the United Nations entity dedicated to enhancing the STI capacities of LDCs, the United Nations Technology Bank plays a pivotal role in facilitating access to knowledge, technologies, and technical assistance essential for these countries, empowering them to leverage science, technology and innovation for accelerated sustainable development.