G20 finance chiefs agree to fight food insecurity, finance vulnerable countries – Economy


Vincent Fabian Thomas (The Jakarta Post)

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Nusa Dua, Bali
Mon July 18, 2022

G20 Indonesia 2022

Despite not issuing an official statement because of conflicting views on the war in Ukraine, the Group of 20 finance chiefs made some ground-breaking deals to tame global inflation and growing food shortages that pose risks to all countries.

Finance Minister Sri Mulyani Indrawati said all G20 finance chiefs agreed that interventions and policies are needed to correct the ongoing food supply disruption to prevent a deeper crisis.

“Shop [restrictions] and protectionism needs to be eliminated to be able to deal with or create or facilitate the flow of food [supplies] from the production side […] a country that needs it,” Sri Mulyani told a press briefing on Saturday, after the closing of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Bali.

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