Global Practice

BIMP-EAGA-ROK Cooperation Fund (BKCF)

 

 

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News • June 29, 2023

Greenpreneur’s Light of Hope in Philippines selected as Winner for Korean Funding

(This article is available in English and Korean.) [in English] Jovie Gil Montajes left a high-paying corporate job in 2018 to become a social entrepreneur. At the time, he was working as a Worldwide Level 3 Solutions Engineer for a private company in Cebu, Philippines. “I am blessed to have a strong support system and […]

About BKCF

BIMP-EAGA-ROK-Cooperation Fund

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.

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.

 

 

 

 

Priority Sectors

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: Environment, Tourism, Connectivity, and Agriculture & Fisheries.

All projects in all sectors 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.

 

 

Process and Eligiblity of BKCF

Project Process 

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.

Grant Award

BKCF accepts proposals for:

  • One year grant: minimum of USD 100,000 and a maximum of USD 500,000
  • Two year grant (total amount): minimum of USD 200,000 and a maximum of USD 500,000
  • Multiple countries or BIMP-EAGA regional projects: maximum of USD 250,000 per country

 

 

 

 

BKCF 4th Call

4th Call for Proposals (CLOSED)

BKCF’s 4th call for proposals submission is open until March 7, 2024!
  • Application Deadline: March 7, 2024 (23:59 KST)
  • Submit to bkcf@gggi.org (An email must be titled as[submission] project title”)
BKCF Guideline

Please refer to the following guideline for more information.

 BKCF Guideline 

Required Documents for BKCF Project 4th Call: 

The following are Templates and Annexes of mandatory documents to be submitted:

BKCF Project Proposal Template 

BKCF Project Budget Template 

Due Diligence Form 

Annex 1. Deliverables 

Annex 2. Project Implementation Plan 

* For the third call, the ‘Due Diligence Form’ has been included as the mandatory documents

 

 

How to write an effective BKCF proposal

GGGI supports the Ministry of Foreign Affairs of the ROK by evaluating and providing a first recommendation for financing BKCF proposals:

  • Adherence to donor guidelines, and
  • Solid technical approach and robust management, reporting, and sustainability

 

Please refer to the following guideline for reference:

BKCF Project Submission Document Samples
BKCF Project Proposal
BKCF Project Budget
Annex 1. Deliverables
Annex 2. Project Implementation Plan

* Please note that these documents are for reference only

BKCF Project Results

 

*( ) is indicating multiple countries projects

1st BKCF

2nd BKCF

* Conditionally Approved

 

3rd BKCF Result Announcement

GGGI would like to express our deepest appreciation to all the proponents who have submitted their proposals to the 3rd BKCF Call for the Project Proposals.

A total of 66 project proposals have been submitted.

These proposals have been thoroughly assessed and reviewed.

Under the agreement of the BIMP-EAGA and ROK during the Senior Officials Meeting, the following eleven project proposals have been selected for the 3rd BKCF.

Endorsed Project list for 3rd BKCF

 

Endorsed Project list for 3rd BKCF

GGGI Staff

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