The third meeting of the G20 finance ministers and central bank governors took place on the Indonesian island of Bali on Friday, with the economic fallout of the Russia–Ukraine war being the major focus.
In her opening remarks, Indonesian Finance Minister Sri Mulyani Indrawati called on the G20, the world’s top economies, to reach a consensus to address global challenges, as she warned of a “catastrophic” crisis outcome.
“We are witnessing an alarming increase in risk to food security as the impact of the war in Ukraine and sanctions as well as export restriction[s] which are exacerbating the effect of the COVID-19 pandemic,” she said….
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