IMF agrees to $800 million disbursement to Argentina

The International Monetary Fund is set to release nearly $800 million dollars to Argentina.

The June payout still requires the final approval of the IMF's executive board.

IMF officials said in a statement Monday that the Latin American country has made "faster-than-anticipated progress in restoring macroeconomic stability."

"Notable results include the first quarterly fiscal surplus in 16 years," acc