Video of Nobel Laureate Joseph Stiglitz’s Interview on Sovereign Debt Crisis Now Available

JICA Ogata Sadako Research Institute for Peace and Development (JICA Ogata Research Institute) has released a video recording of an interview with Joseph Stiglitz , Nobel Laureate in Economics and Professor at Columbia University, on the growing debt challenges facing developing countries. The interview was conducted by Harada Tetsuya , Chief Representative of the JICA France Office and Principal Research Fellow at the JICA Ogata Research Institute.

Stiglitz is one of the co-authors of the Jubilee Report , a landmark report on sovereign debt released in 2025 by the Jubilee Commission, which was established at the request of the late Pope Francis.

In the interview, Stiglitz argues that the current situation should not be viewed simply as a debt crisis. To avoid default, many developing countries are allocating scarce fiscal resources to debt repayment. As a result, investments in education, healthcare, infrastructure, and other areas critical for long-term growth are being reduced. For this reason, he described the situation as a “debt and development crisis.”

Watch the full interview at the link below.

In the blog post below, Harada reflects on some of the key insights and takeaways from their discussion.