, April 6 -- Bangladesh is hopeful of securing the fourth and fifth tranches of the International Monetary Fund (IMF) loan, said Finance Adviser Dr Salehuddin Ahmed.

Talking to reporters after a meeting with the visiting IMF delegation in Dhaka on Sunday, Dr Ahmed said the IMF has acknowledged Bangladesh's economy to be on the right track.

"Our discussions with the IMF primarily centred around the country's tax system. Bangladesh's tax-to-GDP ratio stands at only 7 percent and the IMF has emphasised the need for increasing it. There was also significant discussion regarding administrative measures within the revenue sector. The IMF is seeking further clarity on the upcoming national budget and the projected fiscal deficit," he said.

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