BUENOS AIRES, Argentina (AP) — Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.

Under legislation that still must be submitted to Congress, Argentina will no longer use the Bank of New York as a trustee for about $30 billion in bonds and will service debt through its own central bank, Economy Minister Axel Kicillof said.