IMF statement calls for growth-friendly spending | Reuters

WASHINGTON The International Monetary Fund's steering committee on Saturday called on member countries to boost "growth-friendly" spending and said the Fund should explore new precautionary lending tools to help countries deal with slowing global economic growth.

"Downside risks to the global economic outlook have increased since October, raising the possibility of a more generalized slowdown and a sudden pull-back of capital flows," the International Monetary and Financial Committee said in a statement issued after its meeting here.

The committee said a more "forceful and balanced policy mix" was needed to stimulate growth and avoid deflation.

"Growth-friendly fiscal policy is needed in all countries," it said, adding that accommodative monetary policies should continue in several advanced economies and structural reforms should be implemented with other policies to support demand.

(Reporting By David Lawder; Editing by Andrea Ricci)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Apr 16, 2016 23:45 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See