From the article:
You have to feel a little sorry for the International Monetary Fund and its managing director, Christine Lagarde. Invited to give the commencement address at Smith College, an elite women’s college in Massachusetts, Lagarde canceled her appearance last week in the face of student protests calling the fund imperialist. Meanwhile, legislation to enable IMF voting reform is being held up by Senate Republicans concerned that under the proposed changes, the fund wouldn’t be imperialist enough—and would bolster the influence of countries such as China and Russia at the expense of the U.S.
Both sets of critiques are misplaced and unfair, to the institution and to Lagarde personally. Yet while the charges of imperialism levied by the Smith College students tend to receive the most attention, the Senate Republicans pose a far bigger threat to the IMF’s viability.
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