Davao City – Five projects from the Philippines were selected for BIMP-EAGA – Republic of Korea Cooperation Fund (BKCF) getting a total of USD 1.28 million in funding for two years.
A total of 10 project proposals from Brunei Darussalam, Indonesia, Malaysia, and the Philippines focus areas were selected for 2022.
The Philippine-led projects for 2022 are University of Southern Mindanao – North Cotabato Campus’ Developing Land Management Options for Diverse Cacao-based System in Mindanao, Department of Trade and Industry’s Mainstream Energy Efficiency in MSME buildings in the Philippines, Peace Crops Incorporated’s Creating Livelihood Options through Agroenterprise Development towards the Reinvention of the Municipality of Butig as a Premier Agro-Ecotourism Destination in Lanao del Sur, Project Zacch’s Farm Konek Agri-Tech Supply Chain Platform for BIMP-EAGA Markets, and Light of Hope Ph Venture Inc.’s Off-grid Solar Home Systems Deployment in Disaster Vulnerable Low-income Communities in Surigao Islands, Mindanao.
“The BKCF facility is a result of our sustained partnership and cooperation with our country development partners in BIMP-EAGA including Korea, Australia, and Japan,” Philippine Signing Minister MinDA Secretary Maria Belen S. Acosta.
Established in 2021 with the support of the Republic of Korea’s government, BKCF 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 Republic of Korea.
“We are eager to serve the region as the convergence platform for various BIMP EAGA Pillars with the robust features of our farmer accelerator and Agritech clustering platform, and to build an ecosystem where profit, sustainability, and impact are well distributed and attained,” John Vincent Gastanes, CEO of Project Zacch, one of the BKCF recipients shared.
Through the Global Green Growth Institute (GGGI), the BKCF fund provides grants for individual member countries or sub-regional programs and projects to address strategic country needs and priorities of BIMP-EAGA.
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