NEW YORK (AP) – Argentina’s economy minister has requested that a court-appointed negotiator extend deadlines to repay a debt to bondholders that the country says could lead to a default.
Axel Kicillof met with Daniel Pollack in New York Monday aiming to resolve a long dispute with U.S. holdout creditors. Pollack is presiding over negotiations between representatives of Argentina and U.S. bondholders in the conflict over $1.5 billion in debt.
Argentina needs to strike a deal before the end of the month with the holdouts if it is to avoid a default. The holdouts rejected debt swaps after Argentina’s record $100 billion default in 2001-2002.
Kicillof declined to speak to reporters after the five-hour meeting and referred all information to an official statement.