Dhaka, May 12 -- Negotiators are upbeat about receiving the stalled IMF funds as the central bank agrees to make exchange rate more flexible or lift control as part of advice of the multilateral lender.

The major move for getting fourth and fifth tranches of the International Monetary Fund's $4.7- billion lending package by upcoming June came probably a day before the final deadline of The Bretton Woods institution regarding disbursement of the funds was destined to expire on May12, sources at the Bangladesh Bank (BB) said.

In fact, the stalemate over getting the IMF funds arose centering around the exchange rate as an IMF mission to Bangladesh kept pushing for a more flexible exchange regime while their Bangladeshi counterparts were op...