G20 finance leaders meet in Bali as Ukraine, inflation top agenda
- Ancy Irin
- Jul 15, 2022
- 1 min read
Medan, Indonesia – The third G20 finance leaders and central bank governors meeting kicks off on the Indonesian island of Bali on Friday against the turbulent backdrop of war in Ukraine, soaring inflation and global food shortages.
The previous G20 finance leaders’ meeting in Washington, DC, in April ended without the release of a communique and saw officials from the United States, the United Kingdom, France, Canada and Ukraine walk out of talks to protest the presence of Russian representatives.
On Friday, Indonesian Finance Minister Sri Mulyani Indrawati called on participants to reach a consensus during the talks for the sake of low-income countries facing soaring food and energy prices.
“We are acutely aware that the cost of our failure to work together is more than we can afford,” she said. “The humanitarian consequences for the world, and especially for many low income countries would be catastrophic.”
Comments