Christine Lagarde: Congress Can Help the U.S. By Reforming The IMF -

March 24, 2014 6:57 p.m. ET

From its founding in 1945, the International Monetary Fund has had a unique role in the global economy. Again and again it has provided vital financing and economic support in times of crisis—from the postwar reconstruction of Europe, to the transformation of the countries of the former Soviet Union into free market economies, to the resolution of the financial crises in Asia and Latin America to the current recovery from the great recession.

The IMF's lending, policy advice and capacity building has promoted economic...