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Apply for BIMP-EAGA-ROK-Cooperation Fund

Deadline: 07-Mar-2024

The Global Green Growth Institute (GGGI) is offering grants to promote inclusive and balanced growth in the Southeast Asia region and ASEAN Connectivity by strengthening the partnership between the BIMP-EAGA and the ROK.

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 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. As of 2023, four strategic thrusts listed in the BEV 2025 namely Connectivity, Environment, Tourism, and Agriculture and Fisheries (comprising the Food Basket pillar) are selected as the priority areas of the BKCF fund project.

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 and Areas
  • Among the list of sectors from the Vision 2025, prioritization was given to the following sectors through consultations between BIMP-EAGA and the ROK. The sectors may be updated at a later point, if required, through an agreement between BIMP-EAGA and the ROK:
    • 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, with particular support to tourist-dependent communities that have suffered due to the Covid-19 pandemic crisis.
    • 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
  • BKCF accepts proposals for a one-year grant for a minimum of USD 100,000 and a maximum of USD 500,000.
  • The total amount for a two-year grant proposal will be 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.
Grant Award Period
  • The BKCF welcomes proposals for one year or two years. This is performance-based funding. The second-year amount for awarded two-year projects will be approved based on the satisfactory performance of the first year.
Eligibility Criteria
  • 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 BIMPEAGA country or countries where the proposed project will be implemented.
  • In order to be eligible for 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.

For more information, visit GGGI.