The IMF is sending a team to Argentina following the surprising election result that plunged its currency and crashed its stock market

'We are closely following recent developments in Argentina and are in ongoing dialogue with the authorities,' said an IMF spokesperson.

The International Monetary Fund said in a statement Tuesday that it would"soon" send a team to Argentina. The statement came after the new economy minister said the government would do everything possible to stabilize the currency, following the August 11 primary-election result that rocked domestic markets. The IMF had planned to visit Argentina this week to complete a review as part of its disbursement process for the $56 billion loan with the country. Read more on Markets Insider.

The International Monetary Fund said in a statement Tuesday that it would"soon" send a team to Argentina. The statement came after the new economy minister said the government would do everything possible to stabilize the currency, following the August 11 primary-election result that rocked domestic markets. The IMF had planned to visit Argentina this week to complete a review as part of its disbursement process for the $56 billion loan with the country. Read more on Markets Insider.

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