Joe Stiglitz and the IMF have warmed to each other
The fund seems to have won over its most fearsome critic
FEW JOBS are as daunting as minister of the economy of Argentina. But Martín Guzmán, who was given the post in December, has two things going for him. He is a brilliant student of unsustainable debt, which Argentina has in abundance, including $44bn owed to the IMF and almost $100bn of foreign-currency debt owed to private lenders. And he is a protégé of Joe Stiglitz, a Nobel-prizewinning economist at Columbia University who once served as chief economist of the World Bank.
This article appeared in the Finance & economics section of the print edition under the headline “Pilgrimage to the gamma quadrant”
Finance & economics April 11th 2020
From the April 11th 2020 edition
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