Court-appointed mediator in the Argentina debt dispute Daniel Pollack said on Wednesday that the country's incoming secretary of finance intends to begin settlement talks in the long-running litigation "promptly."
In a statement, he confirmed he had a meeting earlier this week at his offices with the incoming finance official, Luis Caputo. Pollack said Caputo expressed the intention of the new administration to commence settlement negotiations "promptly" after President-elect Mauricio Macri is sworn into office on Thursday.
Pollack said he also met a week earlier with representatives of bondholders holding $10 billion in judgments against Argentina. "No substantive negotiations to resolve the litigation occurred at either meeting", he said.