I couldn't agree more.
Indeed, the Americans have just appointed the under secretary of the Treasury, who will be in charge of the IMF file, and the history of this individual is quite troubling in terms of how critical he's been of the IMF.
The truth of the matter is that with the IMF, just like the UN, the Americans benefit far more than anybody else. Frankly, in the case of the IMF, they put in 17% of the resources—that's how much of the IMF's quota they supply—but it's an enormous gain to American companies and to the American trading position. So it's a peculiar position that the Americans have in terms of their anti-IMF views. It stems from the belief that somehow they are disproportionately providing 99% of the funding.
There's a very strong, right-wing Tea Party view about the IMF, that somehow it's a global bailout or welfare to countries. What it doesn't realize is that it's quite the contrary. It is not a bailout. Countries borrow money from the IMF. In fact, making sure that those countries don't bankrupt ensures that they're able to continue to buy goods and survive as countries and as functioning members of the global economy.