Rice posted a statement on his Twitter page.

“We are closely following the recent events in Argentina and are in constant dialogue with the authorities, who are working on political plans to overcome the difficult situation that the country is facing. IMF representatives will soon be heading to Buenos Aires, ”he said.

My statement on Argentina pic.twitter.com/WRP5vRVdrH

- Gerry Rice (@IMFSpokesperson) August 20, 2019

Earlier, the Argentinean Merval index fell by a record 37.93% to 27 529.38 points. Soon after, Nicholas Dukhovny resigned from the post of head of the Ministry of Finance of the country, and Hernan Lacunsu took his place.

In March, the IMF and Argentine authorities reached an agreement under the economic assistance program, according to which the country could receive a tranche of about $ 10.87 billion.