The policy-setting committee of the International Monetary Fund adjourned Tuesday after failing to accept a U.S. proposal for global interest-rate cuts as the best way to keep recessions in the United States and other major countries from spreading.

Instead, the IMF interim committee, composed of representatives from both rich and poor countries, adopted a final statement containing vague language committing nations to the pursuit of economic policies that would be consistent with "sustained global economic recovery with price stability."Japanese and German officials attending the IMF meetings here said there was no change in their opposition to cheaper credit in their countries because of inflation concerns.