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Failure to reach consensus could be catastrophic for low-income nations: G-20 finance chairman

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NUSA DUA, INDONESIA - Indonesian Finance Minister Sri Mulyani Indrawati said on Friday that failure by Group of 20 finance chiefs meeting in Bali to reach consensus could be catastrophic for low-in

come countries amid soaring food and energy prices

Russian Deputy Finance Minister Timur Maksimov was in Bali for the meetings, while Finance Minister Anton Siluanov was participating virtually, a source familiar with the matter said. German and French officials have expressed scepticism that common ground can be reached due to the tensions over Ukraine.

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