A meeting of finance chiefs and central bank governors of the Group of 20 leading economies ended on Tuesday in India without a consensus because of differences between countries over the war in Ukraine.
NEW DELHI—
Nirmala Sitharaman said that the language describing the war had been drawn directly from last year’s G20 leaders summit declaration in Indonesia. “We don’t have the mandate to change that,” she said, adding that this was something the leaders would have to decide when they gather in the capital, New Delhi, for the main summit in September.
Food security was a key priority, Sitharaman said. Members raised Russia’s move Monday to halt the deal that allowed grain to flow from Ukraine via the Black Sea to parts of Africa, the Middle East and Asia where high food prices have pushed more people into poverty. Sitharaman said that members held wide discussions on the overall global economic outlook, paying specific attention to food and energy issues, climate financing and how to improve assistance to debt-distressed countries.
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