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Argentina minister NY-bound to talk about debt at UN

Argentine Economy Minister Axel Kicillof speaks about the country's debt in Buenos Aires on June 23, 2014Argentina’s Economy Minister Axel Kicillof will soon head to New York to discuss his country’s debt situation with representatives of the Group of 77 developing nations plus China, the government said Tuesday. His trip comes after a US federal judge appointed a Manhattan attorney to preside over talks between Argentina and hedge fund bondholders as Buenos Aires seeks to avoid defaulting on its debt in a week’s time. Kicillof will speak to the G77 representatives at the United Nations about “sovereign debt restructuring, recent court decisions and the actions being taken by the Republic of Argentina,” the foreign ministry said. The government of President Cristina Kirchner would not confirm if Kicillof was planning to join the negotiations in connection with Argentina’s court battle.

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