In 2016, BMC approved funding for 103 projects that were submitted by APEC member economies, at a total value of $12.4 million. These include activities that aim to promote trade facilitation; increase access to finance; strengthen global value chains and supply chains; improve connectivity; foster innovation; strengthen micro, small and medium enterprises; improve knowledge and information sharing in areas such as climate change, agricultural productivity and energy efficiency; improve human resource development; support structural reform and regulatory frameworks; and promote capacity building.