Washington (AFP)
The International Monetary Fund said Tuesday "monitor closely" the monetary and financial situation in Argentina and will send a mission to Buenos Aires "soon," said a spokesman for the institution in a statement.
"We are keeping a close eye on recent developments in Argentina and talking to the authorities," IMF spokesman Gerry Rice said.
The fund provides massive financial assistance to the country in the form of a loan of tens of billions of dollars.
In July the IMF released $ 5.4 billion, bringing to 38.9 billion the assistance provided so far to Argentina to deal with two currency crises in 2018.
Argentina's economy has one of the highest inflation rates in the world (25.1% between January and July, 54.4% over the last 12 months), a drop in consumption, business closures and an increase in poverty (32% in 2018) and unemployment (10.1% this year).
In the wake of the heavy defeat of Liberal President Mauricio Macri in a test election, the Argentine currency collapsed last week.
Argentine Finance Minister Nicolas Dujovne resigned Saturday after a week of market turmoil that saw the peso lose more than 20% of its value and the stock market dive more than 30%.
© 2019 AFP