BOSTON (AP) — The managing director of the International Monetary Fund backed out of giving this year’s commencement address at Smith College in the wake of protests from faculty and students, the school announced Monday.

Christine Lagarde, who has headed the IMF since 2011, told the women’s college over the weekend that it was clear her presence on the Northampton campus was not welcomed. Many of those who opposed Lagarde said they were attacking the IMF for being “a corrupt system” that fuels the oppression and abuse of woman worldwide. A spokeswoman from the IMF declined to comment on those allegations.