The July 15-16 meeting of G20 finance ministers and central bankers in Bali, Indonesia ended without issuing a final communique, thanks to G7 representatives—U.S. Treasury Secretary Janet Yellen, her Canadian counterpart Chrystia Freeland, among others—insisting that Russia’s “unjustified and brutal war against Ukraine” is the sole cause of global financial collapse, hyperinflation, disrupted supply chains and the global food insecurity crisis. Instead of the final communique, the Bank of Indonesia issued a “G20 Chair’s Summary” consisting of 14 paragraphs, the first two of which are carefully worded to indicate disagreement on the Russia/Ukraine conflict and on the causes of food and energy insecurity. The remaining 12 paragraphs show that members agreed to jointly cooperate in addressing such issues as COVID-19, climate change, economic recovery, infrastructure investment etc.
https://g20.org/g20-chairs-summary-third-g20-finance-ministers-and-central-bank-governors-meeting/
At the beginning of the gathering, Indonesian host, Finance Minister Sri Mulyani Indrawati, called on participants to work together in a spirit of “cooperation, collaboration and consensus” to address such pressing world problems as food insecurity, because “the world is watching us…The cost of our failure is more than we can afford,” she told delegates. At a separate seminar on the sidelines of the first day of the conference, Bank of Indonesia Governor Perry Warjiyo urged ministers and central bankers to unite, Nikkei Asia reported. “This is a global problem, that’s why a global solution is needed,” he said. “[We at the] G20 are being called on to recover together, recover stronger.”
