The main criticism Joseph Stiglitz levels at the IMF is that (LO7) a) it provides too many loans that are not repaid b) it no longer promotes economic growth, but rather contraction c) it does not provide enough loans d) it does not sufficiently promote the market system

The International Monetary Fund (IMF) is an organization that aims to promote global economic growth and financial stability. Let's briefly discuss each of the given options: a) Providing too many loans that are not repaid. b) No longer promoting economic growth, but rather contraction. c) Not providing enough loans. d) Not sufficiently promoting the market system.

We know that Joseph Stiglitz is a well-known critic of the IMF. To find the answer to the question, let's analyze each option and use the process of elimination to determine which one aligns with Stiglitz's main criticism: a) Although some might argue that the IMF provides too many loans, Stiglitz's main criticism is not focused on the number of loans or their repayment. b) The IMF's primary goal is to promote economic growth. If it no longer does this, it would be a significant criticism. Stiglitz has criticized the IMF for promoting contractionary policies, especially during a financial crisis. This option looks promising as the answer. c) The issue of providing "enough" loans is subjective and is not the core of Stiglitz's argument. Hence, this option can be eliminated. d) While promoting the market system is also essential for the IMF, it is not the main criticism Stiglitz has about the organization.

After analyzing all the options, option b) "it no longer promotes economic growth, but rather contraction" seems to be the most appropriate choice: it directly aligns with Stiglitz's main criticism towards the IMF. Therefore, the answer is: b) it no longer promotes economic growth, but rather contraction.