BIMP-EAGA-the Republic of Korea (ROK) Cooperation Fund (BKCF) Guidelines, 2024

Seoul-based Global Green Growth Institute (GGGI) released 2024 guidelines for BIMP-EAGA–Republic of Korea Cooperation Fund (BKCF) projects. GGGI serves as the depository and manager of the fund, which was established by the Korean government in 2021 to help promote inclusive and balanced growth in Southeast Asia and contribute to ASEAN Connectivity. 

The guidelines explain the priority sectors and areas, eligibility criteria, application process, and responsibilities of project proponents from inception to completion. 

BKCF has increased the grant amount range this year. The minimum grant award for a 1-year project is $100,000 and the maximum is $500,000. For a 2-year project, the grant is between $200,000 and $500,000.  For projects with multiple countries or BIMP-EAGA regional projects, the maximum grant per country was raised to $250,000 from $200,000.