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Mongolia is embarking on a major conservation strategy. In a joint conservation effort, The Nature Conservancy (TNC) and the Mongolian government closed a $198 million Project Finance for Permanence (PFP) agreement. The agreement is a major step toward implementing Mongolia’s ambitious conservation and environmental protection goals in the next five, 10, and 15 years.

The “Eternal Mongolia” initiative was officially launched in April, with the financial backing of TNC, a U.S.-founded global environmental nonprofit organization.



The PFP agreement allows Mongolia to be an active partner under TNC’s overarching “ Enduring Earth ” program, which is currently active in North, Central, and South America as well as sub-Saharan Africa. Mongolia’s participation enhanced TNC’s expansion into Asia; the only other PFP partner country in the region is Bhutan. The $198 million PFP agreement will support the protection and conservation of Mongolia’s vulnerable lands, forests, waterbeds, and biodiversity.

In combination, the “Eternal Mongolia” initiative aims to implement environmentally friendly policies collaboratively with government agencies, mining companies, businesses in different provinces, and local communities. Marking this major milestone, the Mongolian and the TNC delegation gathered in Washington, D.C.

, from June 10 to 12 and met with the U.S. government environmental agencies as well as NGOs working to protect the environment and assist countries in reachi.

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