By Santo D. Banerjee
NEW YORK (IDN) – Seven years after the Fourth UN Conference on the Least Developed Countries charted out the international community's vision and strategy for sustainable development of the world's poorest countries, a new institution called the Technology Bank is set to start operations in 2018.
The Conference, held in Istanbul, Turkey, in May 2011, adopted the Programme of Action for the Least Developed Countries for the Decade 2011-2020, along with the Istanbul Declaration. The implementation of the Istanbul Programme of Action (IPoA) requires contributions from donor and developing countries, parliaments, the private sector, civil society, the UN system and international and regional financial institutions.