Argentina asks early release of IMF funds to calm markets

President Mauricio Macri has asked the International Monetary Fund for an early release of funds from a $50 billion deal with the IMF to ease concerns that Argentina will not be able to meet its debt obligations for 2019.

Macri said in a televised address yesterday that Argentina has agreed with the IMF "to advance all necessary funds to guarantee compliance with next year's financial program."
The IMF said in a statement that it will "revise the government's economic plan with a focus on better insulating Argentina from the recent shifts in global financial markets, including through stronger monetary and fiscal policies and a deepening of efforts to support the most vulnerable in society."