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Al Jazeera
Al Jazeera
Business
Aisyah Llewellyn

For G20, Ukraine war an obstacle to cooperation on global economy

G20 finance ministers and central bank governors failed to agree to a joint communique during their latest summit in Bali, Indonesia [File: Made Nagi/Pool via Reuters]

Medan, Indonesia – When G20 finance ministers and central bank governors met in Bali on July 15-16, the summit raised hopes of coordinated action to tackle some of the thorniest issues facing the global economy.

Those hopes withered over the weekend as divisions over the war in Ukraine scuppered any chance of a joint communique to address mounting challenges including soaring inflation, slowing economic growth and widespread shortages of food and goods.

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