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BKCF Grants for Green and Inclusive Development Program

Deadline: 27-Mar-2026

The BIMP-EAGA–Republic of Korea Cooperation Fund (BKCF) provides grants of up to USD 500,000 to support one- or two-year projects that promote sustainable and inclusive growth in the BIMP-EAGA region. Priority sectors include Connectivity, Environment, Tourism, and Agriculture & Fisheries. The Fund is managed by the Global Green Growth Institute and supports the BIMP-EAGA Vision 2025 goal of building a resilient and competitive subregion.

What Is the BKCF?

The BIMP-EAGA–Republic of Korea Cooperation Fund (BKCF) is a regional development funding mechanism established in 2021 by the Republic of Korea.

It supports cooperation between:

  • BIMP-EAGA Member Countries

  • The Republic of Korea

The Fund contributes to the BIMP-EAGA Vision 2025 objective of building a resilient, inclusive, sustainable, and economically competitive subregion while narrowing development gaps.

The Fund is administered by the Global Green Growth Institute.

What Is BIMP-EAGA?

BIMP-EAGA stands for the Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area.

It is a subregional economic cooperation initiative aimed at accelerating development in less-developed and geographically remote areas of its member countries.

Objectives of the Fund

The BKCF aims to:

  • Promote sustainable and inclusive economic growth

  • Strengthen regional integration and cooperation

  • Narrow development gaps

  • Support green growth and climate resilience

  • Enhance partnerships between BIMP-EAGA and the Republic of Korea

Priority Areas

Projects must align with one or more of the following sectors:

1. Connectivity

Focus areas include:

2. Environment

Supports:

  • Clean technologies

  • Climate change mitigation and adaptation

  • Sustainable natural resource management

  • Environmental resilience initiatives

3. Tourism

Promotes:

  • Green eco-tourism

  • Sustainable tourism models

  • Community-based tourism

  • Local livelihood development

4. Agriculture and Fisheries

Encourages:

  • Climate-resilient agriculture

  • Sustainable fisheries management

  • Food security initiatives

  • Rural income generation

Funding Information

Project Duration

  • One-year projects

  • Two-year projects

Grant Amounts

For one-year projects:

  • Minimum: USD 100,000

  • Maximum: USD 500,000

For two-year projects:

  • Minimum: USD 200,000

  • Maximum: USD 500,000

Multi-country or regional projects:

  • Up to USD 250,000 per country

Projects must be implemented within the BIMP-EAGA region or other regions within BIMP member countries.

Who Is Eligible?

Eligible applicants include:

  • Government agencies

  • Public institutions

  • Academic and research institutes

  • Non-governmental organisations (NGOs)

  • International organisations

  • Private sector entities

  • Other autonomous institutions

Applicants must be from:

  • BIMP-EAGA Member Countries

  • The Republic of Korea

Individuals are not eligible.

Compliance Requirements

Applicants must:

  • Not be listed under United Nations Security Council sanctions

  • Not be debarred by Multilateral Development Banks

  • Not be declared ineligible by the Global Green Growth Institute

  • Not be declared ineligible by the Republic of Korea’s Ministry of Foreign Affairs

Compliance screening is mandatory before award approval.

Why This Fund Matters

The BIMP-EAGA region includes geographically remote and economically underdeveloped areas.

This Fund is important because it:

  • Promotes cross-border economic integration

  • Strengthens climate resilience

  • Supports green growth models

  • Encourages digital and transport connectivity

  • Improves food security and rural livelihoods

  • Advances inclusive development

By linking regional priorities with Korean expertise and investment, the Fund enhances sustainable development outcomes.

What Makes a Strong Proposal?

Successful applications typically:

  • Align clearly with one of the four priority sectors

  • Demonstrate regional or cross-border impact

  • Present measurable development outcomes

  • Show sustainability beyond the funding period

  • Include strong institutional capacity and partnerships

  • Integrate climate resilience and inclusive growth principles

Multi-country collaboration is encouraged where relevant.

How to Apply

Step 1: Confirm Eligibility

Ensure your organisation:

  • Is legally recognised

  • Falls within the eligible applicant categories

  • Is not under sanctions or debarment

Step 2: Develop a Concept Note

Define:

  • Priority sector alignment

  • Project objectives

  • Target beneficiaries

  • Geographic coverage

  • Measurable outcomes

Step 3: Prepare Detailed Budget

Ensure:

  • Funding request aligns with duration limits

  • Multi-country projects respect per-country ceilings

  • Costs are justified and reasonable

Step 4: Submit Proposal

Follow official BKCF application procedures as administered by the Global Green Growth Institute.

Common Mistakes to Avoid

  • Submitting proposals outside the four priority sectors

  • Weak demonstration of regional cooperation

  • Over-budgeting beyond allowed limits

  • Lack of measurable indicators

  • Failure to demonstrate sustainability

  • Ignoring compliance and eligibility checks

Strong proposals are strategic, partnership-driven, and outcome-focused.

Frequently Asked Questions (FAQ)

1. What is the maximum funding available?

Up to USD 500,000 per project.

2. Can individuals apply?

No. Only institutions and organisations are eligible.

3. Are multi-country projects allowed?

Yes. They may receive up to USD 250,000 per country.

4. What sectors are eligible?

Connectivity, Environment, Tourism, and Agriculture & Fisheries.

5. Who manages the Fund?

The Global Green Growth Institute administers the BKCF.

6. Are private sector organisations eligible?

Yes, private sector entities may apply if they meet eligibility requirements.

7. When was the Fund established?

The Fund was established in 2021 by the Republic of Korea.

Conclusion

The BIMP-EAGA–Republic of Korea Cooperation Fund offers substantial grant support for innovative, sustainable development projects across Southeast Asia’s BIMP-EAGA region.

By prioritising connectivity, environmental sustainability, green tourism, and climate-resilient agriculture, the Fund strengthens regional integration and advances inclusive economic growth. Organisations with strong regional partnerships and measurable development impact are well positioned to benefit from this opportunity.

For more information, visit BKCF.