Indonesian finance minister Sri Mulyani speaks during a news conference at the G20 finance ministers meeting in Nusa Dua, Bali, Indonesia, July 16 2022. Picture: SONNY TUMBELAKA/REUTERS
Host Indonesia will issue a chair’s statement instead. Finance minister Sri Mulyani Indrawati said most topics were agreed by all members except for particular statements about the war in Ukraine. She described it as the “best result” the group could have achieved at this meeting. Sri Mulyani said a fractured G20 has been “quite overwhelming” due to the war in Ukraine, all members agreed that food insecurity requires special attention and she called for removal of trade protections that prevented flow of food supplies.
“We are in a rudderless moment in the world economy with the G20 paralysed by Putin’s war and the G7 unable to lead on global public goods,” said Kevin Gallagher, who heads the Global Development Policy Center at Boston University.
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G20 finance chiefs resolved on food security; Ukraine war prevents formal communiqueThe Group of 20 major economies' finance chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia's war in Ukraine.
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