Indonesia has approved 11 collaborative projects through the BIMP-EAGA - Republic of Korea Cooperation Fund (BKCF) scheme, the country’s Coordinating Ministry for Economic Affairs has said.
These projects are established at the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Senior Officials Meeting (SOM), which takes place in Seoul on July 20. (Source: Antara)
Jakarta (VNA) – Indonesia has approved 11collaborative projects through the BIMP-EAGA - Republic of Korea CooperationFund (BKCF) scheme, the country’s Coordinating Ministry for Economic Affairshas said.
These projects were established at the Brunei-Indonesia-Malaysia-PhilippinesEast ASEAN Growth Area (BIMP-EAGA) Senior Officials Meeting (SOM), which tookplace in Seoul on July 20.
As reported by the Indonesian national news agency Antara, theministry’s Assistant Deputy for Regional and Subregional Economic Cooperation NettyMuharni highlighted the importance of improving the mechanism serving theirimplementation, particularly by monitoring and collaborating with otherstakeholders, such as the Cluster/Working Groups (CWGs), BIMP-EAGA BusinessCouncil (BEBC), scholars, and governments of sub-regional areas.
Programmes to improve stakeholders' capacities are alsodeemed necessary so as to improve the quality of proposals and implementation,she added.
"We can extend this collaboration in all prioritisedsectors of the BIMP-EAGA in the future, particularly those related to securityand energy and energy transition which are now globally discussed," she saidas quoted by Antara.
According to the official, in 2021-2022, the BKCF’s firstand second round were conducted and had generated funds totaling 3.5 millionUSD. In 2023, the programme is once more hosted in an inclusive manner,covering connectivity, tourism, environment, agriculture, and fisheries sectors./.
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These projects are established at the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Senior Officials Meeting (SOM), which takes place in Seoul on July 20. (Source: Antara) 
