The U.S. can't be expected to assist overextended economies with open pockets and open markets if those economies refuse to open themselves to competition from abroad in financial services, as well as manufacturing.
Protectionism is an aspect of all cultures.
Even though the IMF is a lending rather than aid giving institution which historically has made money, and even though it entails burden sharing with the U.S. share being less than one-fifth of the total resources provided by other countries, Congressional support for anything that smacks of foreign aid is always dicey. But if the U.S. is to avoid becoming the lender of last resort when vital national interests require American leadership in helping to restore financial stability, Congress must not allow consideration of IMF issues to fall prey to the same kind of politics that bedeviled consideration of 'fast track' trade authority this past fall. Whatever one's views of a particular President at a particular time, Congress is obligated to support the Presidency in the prudential conduct of international economic policy. Details of the hearing will be announced when they become available.