Deadline: 2-Sep-22
The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Republic of Korea (ROK) Cooperation Fund (BKCF) is seeking applications 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 (RISE) BIMP-EAGA to narrow development gap”.
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 : 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 bio economy.
- Tourism : It will include projects relating to eco-friendly and sustainable tourism development as well as tourism-related planning and infrastructure, with a particular support to tourist-dependent communities that have suffered due to 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.
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.
Funding Information
- BKCF accepts proposals for a one year grant for a minimum of USD 50,000 and a maximum of USD 300,000.
- The total amount for a two-year grant proposal will be between USD 100,000 and USD 300,000.
- In the case of multiple countries or BIMP EAGA regional projects, maximum of USD 200,000 per country could be allowed.
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.
- Individual 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.
For more information, visit https://gggi.org/global-program/bkcf/