Guideline of the BIMP-EAGA-the Republic of Korea (ROK) Cooperation Fund (BKCF) Projects (2024) - 1 I

The following are the steps of the application process: 6.1 SUBMISSION OF PROPOSAL The proponent shall submit the proposal and required documents to bkcf@gggi.org with the subject of [Submission] Project Title. [...] 6.4 APPROVAL OF THE BIMP-EAGA AND THE ROK When the proposed project shortlisting is approved by BIMP-EAGA countries and the ROK during the Senior Officials’ Meeting, the ROK will send an official letter to GGGI with the list of approved projects. [...] The proponent needs to submit the Updated Project Implementation Plan and the first invoice in accordance with the approved budget within 7 business days from the receipt of GGGI comments. [...] Upon the receipt and approval of the Updated Project Implementation Plan and signed Invoice from the proponent, GGGI will disburse the approved budget in accordance with the budget disbursement plan in the contract. [...] 10.3 REFUND OF UNSPENT BALANCE AND ACCRUED INTEREST The unspent balance of the project budget and any accrued interest earned from the project fund shall be returned to the BKCF account within 40 business days after the completion of the projects.