Many G20 member states condemned Russia’s military invasion of Ukraine during a meeting of their finance ministers and central bankers last Friday and Saturday in Bali, according to a summary of the proceedings released today by the Indonesian presidency. The meeting ended without a joint statement, due to disagreements among states over the wording of […]
Tag: G20
Russia at G20 ‘like inviting arsonists to firemen’s conference’, says Canada’s Ministry of Finance
Russia’s participation in the G20 ministerial meeting in Indonesia was “absurd” and “tantamount to inviting an arsonist to a firemen’s meeting”, Canada’s Finance Minister Chrystia Freeland argued today. “We were clearly opposed to the presence of Russian officials,” recalled the deputy head of the Canadian government, who has Ukrainian roots. The “illegal invasion” of Ukraine […]
G20 MFAs pledged to address food security
The finance chiefs of the Group of 20 largest economies pledged today to tackle global food insecurity and rising debt, but made few policy cuts amid divisions over Russia’s war in Ukraine at a two-day meeting in Indonesia. With questions mounting about the G20’s effectiveness in tackling the world’s big problems, US Treasury Secretary Janet […]
Indonesia: G20 agreed on most issues despite no announcement
Economic leaders of the Group of 20 largest economies have agreed on most issues, including efforts to tackle food insecurity, despite failing to reconcile differences over members’ views on the war in Ukraine, Indonesia said today, according to with Bloomberg. Indonesian Finance Minister Sri Mulyani Indrawati said G20 economic leaders at their meeting in Bali […]
G20: No official joint communique expected to be released after meeting of ministers of finance and central bankers
A two-day meeting of finance ministers and central bank chiefs from the world’s 20 largest economies is expected to end without a joint statement after the session, as Russia’s war against Ukraine continues to divide the G20, two sources familiar with the matter said. about. Instead, Indonesian Finance Minister Sri Mulyani, the host of the […]
The IMF is calling on governments to target the most ‘vulnerable’ with support plans
Faced with an “unprecedented combination of shocks”, International Monetary Fund (IMF) managing director Kristalina Georgieva today called on governments to target the most “vulnerable” populations with support measures. With the Covid-19 pandemic and the war in Ukraine, “we have experienced two shocks in two years. We need to think seriously about the right articulation of […]
J. Yellen: Appeal to G20 to address food insecurity
US Treasury Secretary Janet Yellen today called on Group of 20 (G20) economies to take emergency action to address a short-term food insecurity crisis exacerbated by Russia’s war in Ukraine and avoid export restrictions and stockpiling that are causing market distortions. Yellen, speaking at a meeting of G20 economic officials in Indonesia, said countries should […]
The energy and food crisis at the center of the G20 meeting
G20 foreign ministers are meeting in Indonesia today to discuss the impact on the global economy of the war in Ukraine and ways to respond to the food and energy crisis, the consequences of which could be “catastrophic”. “The world is watching us,” said Sri Mulyani Indrawati, Indonesia’s finance minister, urging participants to adopt an […]
The Foreign Ministers of Australia and China reopen the dialogue at the G-20
The foreign ministers of Australia and China met on Friday for the first time since 2019, as the two countries seek to restore a relationship that has been marred in recent years by diplomatic tensions and economic tariffs. The ministers “spoke frankly and listened carefully to each other’s priorities and concerns,” Australian Foreign Minister Penny […]
G20: Blinken and Chinese counterpart Wang try to ease bilateral tensions
Chinese and US foreign ministers Wang Yi and Anthony Blinken sought to defuse tensions between their countries today during a rare meeting following the G20 foreign ministers’ summit on the Indonesian island of Bali. “There is no substitute for face-to-face diplomacy. In a relationship as complex and important as the one between the US and […]