BIMP-EAGA Korea Cooperation Fund
The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area, or BIMP-EAGA, is a cooperation initiative established in 1994 to spur development in remote and less developed areas in the four participating Southeast Asian countries.
The subregion covers the entire sultanate of Brunei Darussalam; the provinces of Kalimantan, Sulawesi, Maluku, and West Papua of Indonesia; the states of Sabah and Sarawak and the federal territory of Labuan in Malaysia; and the island of Mindanao and the province of Palawan in the Philippines.
Through BIMP-EAGA, the four countries want to generate balanced and inclusive growth as well as contribute to regional economic integration in the ASEAN Economic Community. They want to boost trade, tourism, and investments by easing the movement of people, goods, and services across borders; making the best use of common infrastructure and natural resources; and taking the fullest advantage of economic complementation.
The priority infrastructure projects in BIMP-EAGA include roads, bridges, and railways; seaports and airports; cross-border facilities and inland transport services; ICT infrastructure; power interconnections; and urban development infrastructure and services. The PIPs provide farmers and fisherfolk improved access to markets, deliver reliable energy to rural communities, catalyze trade in border areas, and boost tourist arrivals.
For more information, please visit – https://www.bimp-eaga.asia/