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Nobel price winner Joseph Stiglitz speaks of “Argentine miracle” and launches harsh criticism against the IMF

RIO DE JANEIRO, BRAZIL - The Nobel laureate in economics Joseph Stiglitz highlighted yesterday Monday "Argentina's Covid miracle" in the management of the coronavirus pandemic and launched a harsh criticism of the International Monetary Fund (IMF) for "insisting on a course with outdated austerity requirements" that "could threaten global political and financial stability".

"While Covid-19 has been tough on everyone, it has not been an equal opportunity disease. Developing and emerging economies have faced severe financial and fiscal constraints. Not every country can spend a quarter of its GDP to protect its economy, as the United States did. And . . .

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