(Reuters) -The International Monetary Fund's executive board approved Chad's $625-million lending programme for four years, including an immediate disbursement of $38.5 million, the IMF said in a statement on Friday.

The International Monetary Fund approved a $625-million program for Chad on Friday, including an immediate disbursement of $38.5 million.

Argentina reached an agreement with the International Monetary Fund staff on the first review of the country’s $20 billion program, a vote of confidence for President Javier Milei ahead of midterm elections in October.

The International Monetary Fund said on Thursday it has reached a staff-level agreement on the first review of its extended fund facility disbursing about $2 billion to Argentina. (Reporting by Rishabh Jaiswal in Bengaluru;

By bnl editorial staff The International Monetary Fund has approved the first review of Argentina's $20bn Extended Fund Facility programme, clearing the way for a $2bn disbursement to Buenos Aires despite ongoing concerns about the country's critically low foreign currency reserves.