Stiglitz and Guzmán call for IMF redesign to avoid financing unsustainable debt

Nobel laureate Joseph Stiglitz and former Argentine economy minister Martín Guzmán argue in an op-ed that IMF financing should never be used to service unsustainable debt, advocating for a redesign of IMF programs. The piece reflects ongoing criticism of IMF conditionality and debt sustainability frameworks, particularly relevant to emerging markets. The proposal is an opinion piece, not a policy change, but signals intellectual momentum for reforming international financial architecture.