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Reuters
Reuters
Business
By Fransiska Nangoy and Andrea Shalal

G20 finance chiefs resolved on food security; Ukraine war prevents formal communique

Indonesia's Finance Minister Mulyani Indrawati speaks with Financial Action Task Force (FATF) President Raja Kumar during their bilateral meeting at the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 16 July 2022. Made Nagi/Pool via REUTERS

The Group of 20 major economies' finance chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia's war in Ukraine at a two-day meeting in Indonesia.

With questions growing about the effectiveness of the G20 in tackling the world's major problems, U.S. Treasury Secretary Janet Yellen said the differences had prevented the finance ministers and central bankers from issuing a formal communique but that the group had "strong consensus" on the need to address a worsening food security crisis.

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