Bali will host the G20 finance leaders this week for talks that will tackle topics such as global food security and inflation.
Wempi Saputra, Indonesia’s deputy for finance in the G20, said the group will be seeking to ensure the supply and affordability of food and fertilizers in poor countries to cope with a possible food crisis.
In addition to debt relief for poor countries, the summit will discuss the creation of a future pandemic fund at the World Bank, as well as the Resilience and Stability Trust at the International Monetary Fund.
When talks end on Saturday, Indonesia expects to issue a communiqué, but its central bank governor said that if that’s not possible, he will issue a chairman’s statement.
The central bank governor of Indonesia said if a communique could not be issued, the meeting would be summed up in a statement issued by the chair. The governor of Indonesia’s central bank said, “We hope for the best but certainly prepare for the worst.” He added that he doesn’t wish to speculate and that the bank is still working on the best possible way to reach a release.