Indonesia’s Finance Minister Sri Mulyani Indrawati and US Treasury Secretary Janet Yellen shake hands as they hold a bilateral talks during the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, July 15, 2022.(Reuters/Made Nagi)
Finance Minister Sri Mulyani Indrawati called on Friday for the Group of 20 to take concrete action to tackle ongoing food and energy crises and appealed to member countries to engage in more discussion and less politics amid the escalating global impact of the war in Ukraine.
Sri Mulyani, on behalf of G20 host Indonesia, expressed concern about the global energy crisis and growing food insecurity resulting from surging commodity prices and supply shortages induced by Russia’s invasion of Ukraine, noting that the issues were threatening the recovery from the pandemic and macroeconomic stability.
She reminded member countries that expectations for the meetings were high and that a failure to reach their objectives would result in dire consequences, especially for low-income countries.
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Vincent Fabian Thomas
The Jakarta Post
Nusa Dua, Bali
● Sat, July 16, 2022
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