"the IMF is more or less a branch of the US Treasury"

Noam Chomsky, on Democracy NOW.
He was talking about the G-20 meeting, saying that at the meeting,
" there was one point on which they agreed: a sharp recapitalization of the International Monetary Fund; pour a lot of money into the IMF."

and he added a bit more about the IMF:

"Its past role has been extremely destructive. In fact, its American US executive director captured its role when she described it as “the credit community’s enforcer,” meaning if a third world dictator incurs a huge debt—people didn’t, but the dictator did; say, Suharto in Indonesia—and then the debt defaults, the lenders, who have made plenty of money because it was a risky loan so they get high interest and so on, they have to be protected, meaning not by the dictator, by the people of Indonesia, who are subjected to harsh structural adjustment programs so that they can pay back the debt, which they didn’t incur, so that we can be compensated, rich Westerners can be compensated. So that’s the IMF, the credit community’s enforcer, a very destructive role in the third world. Now it’s to be recapitalized."

This was from an Monday, April 13, 2009 show, I just finished the transcript.
I had heard before that the IMF was essentially "our" goverment...or the world government, same thing, really.
Link:

http://www.democracynow.org/shows/2009/4/13

Or is the distinction a small one in this brave new world?