News Formal

Indonesia urges G-20 finance leaders to make progress in tackling global economic threats

  • 📰 STForeignDesk
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

JAKARTA - Indonesia on Friday urged finance ministers and central bank chiefs from the Group of 20 largest economies meeting in Bali to step up efforts to address the current global economic challen

ges worsened by Russia's war in Ukraine.

Dr Sri Mulyani noted about 60 per cent of lower-income countries are in or near debt distress, with dozens unlikely to meet debt repayments over the next year. But Dr Sri Mulyani stressed Indonesia's intention to achieve a result that can be"communicated clearly to all outside stakeholders" as the group seeks to tackle the worsening global crisis.Janet Yellen, who is attending the meeting in person, condemned Russia's"brutal and unjust war"

Russian Deputy Finance Minister Timur Maksimov is in Bali for the meetings, while the finance minister of Ukraine, though not a member of the G-20, is expected to address one of the sessions virtually.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ukraine war to dominate G-20 meeting of finance chiefs in Indonesia
Source: STForeignDesk - 🏆 4. / 71 Read more »

Failure to reach consensus could be catastrophic for low-income nations: G-20 finance chairman
Source: STForeignDesk - 🏆 4. / 71 Read more »