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Friday, April 19, 2024

G20 finance meetings in Bali overshadowed by war in Ukraine

BANGKOKFinancial leaders of the Group of 20 richest and biggest economies have wrapped up meetings on the Indonesian resort island of Bali without a final joint communique after talks were overshadowed by divisions over the war in Ukraine.

As G-20 host this year, Indonesia has sought to bridge divisions between G-20 members over Russia’s invasion, but enmity over the conflict was evident even as the finance ministers and central bank chiefs appeared to concur on the urgency of global economic challenges, including decades-high inflation and food insecurity, which has been worsened by the war.

Asked why there was no joint statement or communique from the meeting, Indonesian Finance Minister Sri Mulyani Indrawati said that all involved agreed the meeting took place “under a very challenging and difficult situation because of the geopolitical tensions.”

She said delegates had…

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