Dhaka, April 28 -- Negotiations between the International Monetary Fund (IMF) and Bangladesh concluded in Washington without an agreement on the release of the next two tranches - fourth and fifth - of a $4.7 billion loan package.

Krishna Srinivasan, Director of the IMF's Asia and Pacific Department, stated, "Good progress is being made, but I won't put a timeline on when we can reach an agreement," during a press briefing at the World Bank-IMF Spring Meetings.

Bangladesh Bank Governor Ahsan H Mansur told reporters after meeting IMF officials that while a consensus had not yet been reached, the two parties were "not far away."

The Bangladesh delegation, led by Finance Adviser Salehuddin Ahmed, held several rounds of discussions with IM...