IMF completes a review of Argentina's economic performance, allowing the release of $5.4 billion to the country under a loan programme
The International Monetary Fund logo is seen outside the headquarters building in Washington, US, on September 4, 2018.
"The Argentine authorities continue to show a strong commitment to their economic policy program, meeting all applicable targets under the Fund-supported program," said IMF Managing Director David Lipton in a statement, noting that financial markets have stabilized. Moody's based its decision on "increased uncertainty" that Argentina would continue to implement policies that would stabilize its economy and its currency, it said in a statement.
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