She said there was consensus on most of the document, but two paragraphs would focus on members’ differences over the fallout from the war and how to respond, the AFP news agency reported.
Opening the second day of the meeting, Indonesian Central Bank President Perry Warjiyo called on participants to step up efforts to achieve coordinated economic policies as inflation accelerates and risks to growth multiply.
“Many of us … stressed the urgent need to address the risk of rising commodity prices leading to persistent inflation” and tackling food insecurity, he said.
The meeting took place after the International Monetary Fund (IMF) cut its global growth forecast. Russian Finance Minister Anton Siluanov and his Ukrainian counterpart Sergei Marchenko attended the meeting via videoconference.
Russian Deputy Economy Minister Timur Maksimov attended the talks in person a week after his country’s Foreign Minister Sergei Lavrov walked out of a G20 meeting over Western criticism of the invasion.
The Indonesian finance minister said “progress” has been made on changes to international tax rules, which will set a global minimum corporate tax rate of 15% by 2024.
Source: Ambito
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