The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Republic of Korea (ROK) Cooperation Fund (BKCF) was established in 2021 by the ROK. It 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 subregion covers the entire sultanate of Brunei Darussalam; the provinces of Kalimantan, Sulawesi, Maluku and West Papua of Indonesia; the states of Sabah and Sarawak and the federal territory of Labuan in Malaysia; and the island of Mindanao and the province of Palawan in the Philippines. These areas are geographically far from the national capitals, yet strategically close to each other. These states and provinces account for over 60% of the land area of the BIMP-EAGA countries; yet they make up less than 20% of their population and 18% of the labor force.
It also aims to support the BIMP-EAGA’s Vision 2025 (BEV 2025) of a “Resilient, Inclusive, Sustainable and Economically competitive (R.I.S.E) BIMP-EAGA to narrow development gap,” which was adopted in 2017. Three strategic thrusts listed in the BEV 2025, namely Connectivity, Environment, and Tourism, were selected as the priorities of BKCF funded projects during the meeting between BIMP-EAGA and the ROK in July 2021.
The Fund will provide grants for individual member countries or subregional programs and projects to address strategic country needs and priorities of BIMP-EAGA.
The Global Green Growth Institute (GGGI) has been designated as a depositary of the BKCF and will manage the BKCF.
Second Call for Proposals
Deadline 2nd September 2022 23:59 (KST)
Submit proposals to email@example.com (with an email titled as [submission] project title)
Among the list of sectors from BIMP-EAGA’s Vision 2025 (BEV 2025), prioritization was given to the following sectors through consultations between BIMP-EAGA and the ROK:
All projects in all sectors that are identified in the cooperation between BIMP -EAGA and ROK must explicitly include targets and outcomes/outputs for gender and social inclusion where applicable and relevant. Projects that put forward a specific Covid-19 recovery approach will also be prioritized.
Eligibility of Proponent(s) for Project Application
Government agencies, public sector institutes, academic and research institutes, NGOs, 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 BIMP-EAGA 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 to participate in a call for proposal or included in an ineligibility list of GGGI or ROK.