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China G20 Global Economy.JPEG-a073d.jpg

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks during a press conference for the 1+6 Roundtable on promoting economic growth at the Diaoyutai State Guesthouse in Beijing, Friday, July 22, 2016. The IMF called Friday to end uncertainty over Britain's vote to leave the European Union she says is dampening global economic growth. (AP Photo/Mark Schiefelbein)

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Illustration on the IMF's chronic misunderstanding the causes of economic growth by Alexander Hunter/The Washington Times

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Greek Finance Minister Yanis Varoufakis speaks with members of the International Monetary Fund, before the IMF Governors group photo, at the World Bank-International Monetary Fund annual meetings in Washington, Saturday, April 18, 2015. ( AP Photo/Jose Luis Magana) ** FILE **

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International Monetary Fund Managing Director Christine Lagarde Thursday said that supporting the new China-sponsored development bank is a "no-brainer." The IMF joins the World Bank in support of the new bank over Obama administration reservations. (Associated Press)

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China's finance minister Zhu Guangyao said Congress should move quickly to approve reforms giving China and other emerging economies greater input in the International Monetary Fund to show the U.S. is intent on preserving its leading role in governing the world's economy. (Associated Press)

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IMF Lagarde.JPEG-0143f.jpg

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks on "The Challenges Facing the Global Economy" ahead of the 2014 IMF/World Bank Annual meetings, Thursday, Oct. 2, 2014, at Georgetown University in Washington. (AP Photo/Susan Walsh)

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FILE - In this March 15, 2014 file photo, former Secretary of State Condoleezza Rice speaks at the California Republican Party 2014 Spring Convention in Burlingame, Calif. From Rice to the head of the International Monetary Fund and the former chancellor of the University of California, Berkeley, the list of 2014 commencement speakers backing out following student and faculty protests continues to grow. (AP Photo/Ben Margot, File)