Union Finance Minister Arun Jaitley has called on the IMF to examine the adequacy of its resources. Addressing the International Monetary and Finance Committee in Washington, Mr Jaitley said, the world body should also examine whether its resources are sufficient for future proofing the global economy against recurrence of financial crisis. He said, the IMF is in unique position to take the responsibility but needs to be strengthened further through reforms in its governance.<br/><br/>Noting that global growth has weakened further and financial market conditions have worsened, he said global recovery is affected by subdued growth and low productivity in Advanced Economies and elevated risks faced by Emerging Market Economies. The Minister said, many large emerging economies are stressed owing to difficult macroeconomic conditions, sharply declining commodity prices and tightening financial conditions amid volatile capital flows. <br/>Mr Jaitley said, increasing potential growth and productivity, while remaining vigilant about risks to macro-financial stability are needed to secure a sustainable global recovery.