There is also scope to strengthen and leverage South-South cooperation in promoting STI development. In 2016, the United Nations held the first Multi-stakeholder Forum on Science, Technology and Innovation for the Sustainable Development Goals as one element of the Technology Facilitation Mechanism and established the Technology Bank for LDCs. For the Technology Bank, it will be critical to establish the financial base as soon as possible to ensure that all LDCs can benefitfrom the new institution.