Deadline: 14 March 2025
The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) – Republic of Korea (ROK) Cooperation Fund (BKCF) aims to contribute to promoting inclusive and balanced growth in the Southeast Asia region and ASEAN Connectivity by strengthening the partnership between the BIMP-EAGA and the ROK.
The Fund will provide grants for individual member countries or subregional programs and projects to address strategic country needs and priorities of BIMP-EAGA.
Priority Sectors and Areas
- Environment: It will include projects with high potential for environmental and climate mitigation and adaptation impacts that promote inclusive green growth in areas including – but not limited to: water management, waste management and sanitation, renewable energy, energy efficiency, green buildings, green finance including green bonds, inclusive green entrepreneurship, nature-based solutions including REDD++ and climate-smart agriculture and bioeconomy.
- Tourism: It will include projects relating to eco-friendly and sustainable tourism development as well as tourism-related planning and infrastructure.
- Connectivity: It will include – but not be limited to – low carbon transport, ICT and digital transformation, trade and investment facilitation, and the enhancement of the region’s climate change knowledge economy.
- Agriculture and Fisheries: It will include projects relating to the long-term food security of the subregion, the development of high-quality agro-fisheries products, and sustainable livelihood for farmers and fisherfolk.
Funding Information and Period
- BKCF accepts proposals for project periods of either one or two years.
- The total grant for a one-year project is between a minimum of USD 100,000 and a maximum of USD 500,000.
- The total amount for a two-year grant proposal is between USD 200,000 and USD 500,000. In the case of multiple countries or BIMP-EAGA regional projects, a maximum of USD 250,000 per country could be allowed.
Eligibility Criteria
- To apply for the BKCF, proponents should meet the following eligibility criteria:
- Government agencies, public sector institutes, academic and research institutes, NGOs, International Organizations, private sector entities or any other autonomous institutes from member countries of BIMP-EAGA and the ROK are eligible to submit funding requests.
- Individuals are not eligible to apply for the fund.
- GGGI can participate as a delivery partner to support the implementation of requested components of the approved project with an endorsement of the BIMPEAGA country or countries where the proposed project will be implemented.
- In order to be eligible for the grant, the proponent shall not:
- be included in the Consolidated United Nations Security Council Sanctions List and/or debarred by Multilateral Development Banks; and
- have been declared ineligible by GGGI or ROK MOFA to participate in a call for proposal or included in an ineligibility list of GGGI or ROK MOFA.
For more information, visit GGGI.
