XACBANK AND THE NATURE CONSERVANCY CONTRIBUTE MNT 80 MILLION FOR THE ENVIRONMENT PROTECTION INITIATIVE
Ulaanbaatar, Mongolia - August 15, 2013. XacBank, The Nature Conservancy, and Eastern Mongolian Community Conservation Associationhave signed a collaboration agreement aimed at creating trust fund for the protection of Toson Khulstai Natural Reserve.
With this agreement, XacBank and The Nature Conservancy teamed up to co-finance “Toson Khulstai Trust Fund”. This fund will support Eastern Mongolian Community Conservation Association’s work to protect Toson Khulstai Natural Reserve and Mongolian antelope.
This contribution will have a positive impact on the preservation of Toson Khulstai Natural Reserve and it will also improve the livelihood of local civilians who are working to preserve this area and create a stronger desire to protect the environment amongst local people. This Fund will also help save the Mongolian antelope, one of the most endangered species, and keep them from migrating across the border and stop antelope poaching.
