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BIMP-EAGA

BIMP-EAGA

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.

Residents of Jakarta enjoy their city without the usual traffic congestion during the annual car-free day. Photo credit: ADB.
Article

How Land Value Capture Can Help Finance Cities

Value capture financing taps into increases in property values, among other benefits, resulting from infrastructure investments.
ASEAN needs $3.7 trillion to $6.7 trillion in green investments. Setting up a regional enewable energy certificate system is expected to increase investments in renewable energy and help realize the ASEAN Power Grid vision of a fully integrated system by supporting cross-border electricity trade. Photo credit: ADB.
Article

Harnessing the Potential of Renewable Energy Certificates to Finance ASEAN’s Energy Transition

A project supported by the BIMP-EAGA–Republic of Korea Fund provides a conceptual framework for creating a regional market.
The region is expected to become the 4th largest economy by 2050, with the industrial sector contributing 37.5%, or more than one-third, of the region’s economy. Photo credit: iStock/EyeEm Mobile GmbH.
News

ASEAN to Catalyze High-Impact Industrial Projects

Favorable macro-trends are creating an opportunity for ASEAN to accelerate industrial cooperation through regional complementarity.
More than 90% of the businesses in BIMP-EAGA are comprised of MSMEs, making them a key growth engine. Photo credit: ADB.
Article

Developing Growth Pathways for MSMEs in BIMP-EAGA

The cooperation program strives to enhance MSME competitiveness, specialization, and innovation through capacity building, market access, and digital tools.
Trade integration in Asia and the Pacific is now comparable to that of the European Union plus the United Kingdom. Photo credit: ADB.
News

Southeast Asia Leads Regional Integration in Asia as Subregional Programs Become More Integrated—ADB

Robust trade networks, solid financial linkages, and substantial movement of people across Asia credited for Southeast Asia's lead in regional integration.
Achieving the ASEAN Power Grid vision by 2045 is estimated to require $764 billion in generation and transmission investments. Photo credit: ADB.
News

ADB, World Bank Back ASEAN Power Grid Financing Initiative

A dedicated coordination mechanism will mobilize financing and provide technical support.
Busan is one of the pilot smart cities in the Republic of Korea that is integrating smart tourism services in urban planning. Photo credit: iStock/Anney Lier.
News

Lessons from Busan: How Smart Tourism Ecosystems Enhance Sustainability and Resilience

Mid-career officials from BIMP-EAGA, IMT-GT, and GMS gathered in Busan in the Republic of Korea to share knowledge and collaborate on smart tourism ecosystems.