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

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G20 finance ministers, central bankers and senior officials meet in Bali

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.

(Reporting by Fransiska Nangoy, Stefanno Sulaiman, Andrea Shalal; Editing by Ed Davies)

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