G20 finance chair warns on risks to poor countries if no consensus | Inquirer Business

G20 finance chair warns on risks to poor countries if no consensus

/ 03:55 PM July 15, 2022

FILE PHOTO: Indonesia's Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 14 July 2022. Made Nagi/Pool via REUTERS

FILE PHOTO: Indonesia’s Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 14 July 2022. Made Nagi/Pool via REUTERS

NUSA DUA, Indonesia — Indonesian Finance Minister Sri Mulyani Indrawati said on Friday failure by G20 finance chiefs meeting in Bali to reach consensus could be catastrophic for low-income countries amid soaring food and energy prices exacerbated by the war in Ukraine.

In her opening remarks to the meeting, Sri Mulyani said Indonesia would be an honest broker and find creative solutions to overcome the “triple threat” of surging commodity prices, global inflation and war.

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TAGS: G20, Group of 20, Indonesia

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