Leading banks of the country to invest in Lumbini | WWF

Leading banks of the country to invest in Lumbini

Posted on
18 March 2012

 WWF welcomes the partnership between Lumbini Development Trust (LDT) and four leading banks of the country to work together for the sustainable development of the Lumbini region.

On 16 March 2012, a memorandum of understanding was signed between LDT and the four banks – Laxmi Bank, Siddhartha Bank, Bank of Kathmanduand Nabil Bank – to support the Million Tree Project in Lumbini, theholy birthplace of Lord Buddha, through The Green Lumbini Initiative.The Green Lumbini Initiative is a partnership between WWF Nepal and LDT for the conservation and sustainable development of Lumbini.

The Million Tree Project was launched on 26 March 2011 with the goal of planting one million trees in Lumbini by 2020. The first batch of 108,000 trees was planted in 2011.

Thanking all the four corporate houses Acharya Karma Sangpo Sherpa, Vice Chairperson of Lumbini Development Trust, opined "I am very happy to see the willingness of the corporate sector to participate this ambitious conservation movement and I look forward to a growing partnership to help implement innovative and integrated conservation initiatives in Lumbini."

Under the MoU, Laxmi Bank will support the plantation of 15,000 saplings, Siddhartha Bank and Bank of Kathmandu supporting 5,000 each, while Nabil Bank will provide support for 1,000 saplings as their contribution to meet this year's target of planting 100,000 trees. The saplings will be planted inside Lumbini Master Plan area.

Speaking at the event, Mr. Anil Manandhar, Country Representative of WWF Nepal, said, “Biodiversity conservation in Nepal is not possible with the involvement of a handful of organizations. WWF Nepal is interested in building new partnerships, big and small, to help protect Nepal’s natural riches. The Green Lumbini Initiative, which seeks to connect Buddhist philosophy with conservation, is one such platform for engaging a wider network of people and organizations.”