IMF members urge 'growth-friendly' spending, new lending tools

By David Lawder WASHINGTON (Reuters) - The International Monetary Fund's steering committee on Saturday urged member countries to boost "growth-friendly" spending and said the Fund should explore new lending tools to help countries deal with slowing global 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 (IMFC) sai