Meanwhile, mediator Pollack said “meetings” will be held today and tomorrow between the representatives of both the country and “vultures” adding a statement will be released once talks end.

Monday, February 1, 2016

NY talks: Argentina delays debt presentation to 'vultures'

Finance Secretary Luis Caputo.

Finance Secretary Luis Caputo arrived today in the New York City offices of Daniel Pollack – the US court appointed mediator -, to resume negotiations on Argentina’s legal dispute against so called “vulture” funds. “Don’t expect news for today”, Caputo said in brief comments to the AFP news agency ahead of the meeting.

Some hours later, the government issued a statement pointing out Argentina will be making its presentation “this week” but provided no further details.

“The proposal of the Argentine government, still under elaboration, and in very different terms to what was said in the press today, will be presented ad referendum of the approval of the National Congress”, the document read. 

Caputo was reported to be taking to Pollack’s table an offer by the federal government with President Mauricio Macri recently saying “we don't want to remain listed as a defaulter, we want to resolve all outstanding issues."

Argentina would be seeking for a cut in the punitive interests ordered by US Judge Thomas Griesa, a key point in the agreement to work.

Meanwhile, mediator Pollack said “meetings” will be held today and tomorrow between the representatives of both the country and “vultures” adding a statement will be released once talks end.