Asian Development Bank (ADB) signed a Multi-tranche Financing Facility (MFF) Agreement with Bangladesh Government in 2014 in order to support long-term and comprehensive skills development efforts in Bangladesh assessing its potential contribution to higher GDP growth by skilling and up-skilling a large number of working age people in priority sectors. Swiss Agency for Development and Cooperation (SDC) is also co-financing the program in the 1**

Finance Division is the executing agency of the SEIP project while three Ministries (Ministry of Expatriate Welfare, Education and Industries), Bangladesh Bank, PKSF and 13 Industry Associations are partnering with this Division. Apart from this, BRTC under the Ministry of Ministry Road Transport & Highways is working with this project to develop 1,00,000 trained and licensed drivers to drastically reduce road accidents. Support to Skills Development Coordination and Monitoring Unit (SDCMU) is working as the implementing agency.

The Skills Development Coordination and Monitoring Unit (SDCMU) is headed by the Executive Project Director who is assisted by 04 Deputy Executive Project Directors, 10 Assistant Executive Project Directors and a team of Specialists. A Project Management Unit (PMU) is also working at Finance Division headed by Finance Secretary. Policy issues are dealt by the PMU alongside overall supervision of the project.

ADB and SDC have been jointly financing the first tranche of the program and the industry associations are also sharing a percentage of the total cost. SDC is , however, not financing the second and third tranche activities due to their internal policy changes.

The total cost of SEIP project for the entire period all three tranches (2014 to 2024) is estimated at BDT 3712.33 crore.