G20 = The meeting of finance ministers and central bank governors of 20 major countries held discussions for two days until the 16th, but as the conflict between Europe, the United States and Russia deepened, the joint statement could not be compiled again following April. It was.
It is dysfunctional in its inability to respond consistently to global economic risks such as inflation and currency depreciation.
The G20 Finance Ministers and Central Bank Governors' Meeting, which was held in Bali, Indonesia for two days, closed on the 16th.
Discussions were held on how to respond to the accelerating global inflation, but Japan, Western countries, and Russia had conflicting claims over the situation in Ukraine, and a joint statement showing the outcome of the discussion could not be compiled. did.
Indonesia's Finance Minister Sri Muryani, the Presidency of the Council, said at a press conference, "The heightened geopolitical tensions have made it extremely difficult for the Presidency."
Inflation is accelerating in the world during this time.
Emerging economies are also facing currency depreciation due to the effects of interest rate hikes in Europe and the United States, and rising import prices are also facing inflation.
The G20's Treasury Ministers' Meeting was unable to adopt a joint statement last April, and has been dysfunctional, with two consecutive unanimous responses.