WASHINGTON, April 16 (Reuters) - The International Monetary Fund should offer advice on national policies that spur excessive flows of capital into other economies as well as policies that seek to temper them, the IMF's steering committee said on Saturday.
"Giving due regard to country-specific circumstances and the benefits of financial integration, such an approach should encompass recommendations for both policies that give rise to outward capital flows and the management of inflows," the panel of IMF member nations said in a communique. (Reporting by Reuters IMF/G20 team; Writing by Tim Ahmann; Editing by Leslie Adler)