Indonesian Treasury Minister Mu Yanni said that although the differences in the Ukrainian war's views on the Ukrainian war were not unable to reconcile, the financial leaders of the G20 reached an agreement on most issues, including solving food to solve foodSupply problem.She pointed out that the G20 member states also agreed to maintain cooperation and multilateralist spirit at the meeting.She believes that these are the "best results" obtained by this meeting.
(Bali Island Composite Electric) The G20 group (G20) in Indonesia, as expected beforehand, did not issue a joint communiqué because of differences in the Russian and Ukraine War, but the G20's Treasury Minister promised on Saturday (July 16).Solve the global grain crisis and continuous debt problems.Mu Yanni, the chairman of the G20 round, urged the G20 Treasury Secretary and the president of the central bank to focus on the goal of jointly promoting the global economic recovery.
Mu Yanni will issue a chairman's statement to end the two -day meeting.Mu Yanni said that although the differences in the Ukrainian war's views on the Ukrainian war were not unable to reconcile, the G20's fiscal leaders reached an agreement on most issues, including solving the problem of food supply.She pointed out that the G20 member states also agreed to maintain cooperation and multilateralist spirit at the meeting.She believes that these are the "best results" obtained by this meeting.
Yellen, the US Treasury Secretary of the meeting, said that the differences between member states have hindered that the Treasury Secretary and the Central Bank President issued the formal communiqué, but the G20 has a "strong consensus" and believes that it must be jointly responded to the worsening grain crisis.
G20 warning at the meeting at the meeting at the meeting at the meeting at the meeting at the meeting that the G20 must be adopted to cope with high inflation at the meeting on Saturday.She pointed out that if the price continues to rise, the global economic prospects that are extremely uncertain may become worse.
Georgieva said that the more fierce fighting in Russia, increasing the pressure of goods and energy prices, and the tightening of global financial conditions exceeded expectations.At the same time, the interruption and bottleneck of the supply chain continues to bring impact on economic activities.
Georkeva said that more than 30 % of emerging and developing countries and 60 % of low -income countries are in or approaching debt difficulties."The debt status is deteriorating rapidly, and a good debt solution mechanism should be established."
G20 Treasury Secretary and the Central Bank President Meeting will be held in Bali, Indonesia on July 15th and 16th.Indonesian officials revealed earlier that a draft a governor promoted by Indonesia did not mention any content related to Russia, war, inflation or supply chain.Mu Yanni once hoped that officials from all countries attending the meeting could jointly discuss the debt repayment of high inflation, grain crisis and low -income countries.But the West bombarded Russia at the conference, allowing the two sides to show confrontation in the Bali conference.
Western officials include Yellen and Canadian Finance Minister Frelan on Friday condemned Russia to launch an aggression war on Ukraine, attacking Russia on a huge economic impact on the world.When the Ukrainian Minister Malqinko delivered a video speech, he also called on the international community to impose more severe targeted sanctions on Russia.
Compared with Western member states to Russia's stance, China, India and South Africa and other G20 member states have a mild response.
Analysts believe that the G20 fails to reach an agreement on the communiqué, reflects the weakness of this once powerful economic group.
Gragell, director of the Global Development Policy Center of Boston University, said that today's current situation is that although there are many problems, the major international organizations have no actions, and the global economy can be described as no head of dragons.
He said: "The G20 was paralyzed because of the Russian and Ukraine War.