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The United Nations is inching closer to its Technology Bank, an international technology transfer organisation enabling tech transfer between the least developed countries. The UN will announce a panel of experts who will work out a full proposal through a feasibility study to that effect.

The panel, made up of some dozen experts including scientists, business leaders and government representatives, will detail governance arrangements, funding opportunities and defining working methods. Turkey is hoping to host the Technology Bank, and has committed funds towards the feasibility study.