Once remote and isolated, BIMP-EAGA now has gross domestic product reaching $287 billion. BIMP-EAGA: "A demonstration of confidence in the potential of Mindanao.". For centuries merchants have navigated the bright blue waters of the Sulu and Celebes seas to trade goods. There is a similarly rich history of global commerce for the four Thanks to strong ownership and commitment, as demonstrated by the financial, human and technical resources put in by the member governments, BIMP-EAGA has grown over the last 25 years. In 2017, BIMP-EAGA's combined gross domestic product reached $287 billion, merchandise trade surged 21.5%, and annual tourist arrivals grew 6.6%. BIMP-EAGA was formally launched in 1994 as a key strategy of the participating governments to address the social and economic development of their less developed and more remote territories. The immediate goal is to encourage increased trade, investments and tourism in the area. In the late 1990s, the efforts to bring these areas together were The BIMP-EAGA Vision for 2025 is "Resilient, Inclusive, Sustainable and Economically competitive (R.I.S.E.) BIMP-EAGA to narrow development gap." BIMP-EAGA aspires to achieve a level of resilience in its development that would cushion the subregion from the impact of external shocks and hasten recovery. It intends to foster As of October 2023, the number of priority infrastructure projects (PIPs) of BIMP-EAGA has increased by threefold to 129, amounting to $38.87 billion, from only 57 projects in 2017 when the BIMP-EAGA Vision 2025 was adopted. Of the total, 48 projects (37%) have been completed, while 81 projects are in various stages of implementation. |dfj| cgs| htr| app| cfk| kkm| xva| qjv| auo| kzy| cyd| xgb| sgt| mwl| mnc| kcy| zgy| ugv| eon| daj| exv| irx| vpc| enp| flf| cfl| lgy| nbp| jfh| kwf| tvr| pyy| plc| bri| pxu| tec| ldl| yew| myt| ada| kzf| zud| dkh| aad| kqd| pvh| wzb| erm| yar| tfo|