BUENOS AIRES An Argentine team is traveling Tuesday to the U.S. to meet with officials from the International Monetary Fund (IMF) to negotiate terms to relax the agreement between the two, a source at Argentina's economy ministry said.

Argentina, Latin America's third-largest economy, is looking for fresh cash injections through the end of the year and to modify requirements imposed by the IMF under the framework of a $44 billion loan.

The trip comes as Argentina faces an economic crisis, with inflation expected to hit 142% this year and central bank reserves dwindling.

"Yes, a team is traveling (Tuesday)," the source, who is involved in the decision, told Reuters.

(Reporting by Jorge Otoala; Writing by Kylie Madry; Editing by Sarah Morland and Alexander Villegas)