By Invitation | A Jubilee blueprint

Joseph Stiglitz and Martín Guzmán on how to ease developing countries’ debt woes

Restructuring processes must be revamped, but governments also need better access to stable financing

Illustration: Dan Williams
|5 min read

IN ONE OF his final acts of global engagement, Pope Francis convened a Jubilee Commission of experts—including ourselves and other leading experts in debt and development—at the Vatican to address a growing threat to the world’s poorest countries: the sovereign-debt crisis afflicting dozens of low- and middle-income nations. Both lenders and borrowers have contributed to the current predicament. Only a recognition of this shared responsibility will lead to a sustainable solution.

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Portrait of Jack Auchincloss

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