Overview In recognition of the crucial role that Science and Technology plays
in socio-economic development, the IDB has, over the years, diversified and
increased its assistance to its member countries in this area. While the IDB
continued to direct its efforts and financing to capacity-building, procurement
of equipment and establishment of infrastructure in S&T applications, it has
realized the necessity to develop a leading scientific elite among S&T
institutions in member countries through the pursuit of excellence. PURPOSE AND
OBJECTIVES The IDB Prizes for Science & Technology are expected to encourage
merit institutions and to promote competition among S&T institutions; the prizes
would further herald the commitment of the IDB to implement forward-looking
policies and integrate advanced S&T applications in the overall development
agenda of its member countries
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