Badung (ANTARA) - G20 nations have agreed on the majority of the results of the 3rd Finance Ministers and Central Bank Governors (FMCBG) meeting, held in Bali on July 15–16, 2022, despite tensions over the Russia-Ukraine conflict.

Indonesian Finance Minister Sri Mulyani Indrawati made the remarks while delivering the results of the FMCBG meeting, which took place at the Bali Nusa Dua Convention Center (BNDCC).

Indrawati said that the meeting succeeded in agreeing on a number of initiatives, and successfully garnered support for overcoming various global economic and financial problems.

"There are 14 paragraphs of the draft on the result of this two-day meeting. The majority of the results of the meeting were agreed upon by all members of the G20," she informed.

Two paragraphs of the result draft contain the differing views of several G20 members, including on the use of the word "war" in relation to several issues, she said.

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Nevertheless, the result document represents the opinions of all G20 members on the seven priority agendas discussed at the meeting, Indrawati argued.

"We call it (the differences) as an expression, a different view. In the results of the meeting, which is called the chair summary, most of the paragraphs support the issues that I previously mentioned," she said.

At the 3rd FMCBG meeting, G20 finance ministers and central bank governors discussed seven priority agendas—the global economic situation and risks, global health, international financial architecture, financial sector issues, sustainable finance, infrastructure, and international taxation.

On the global economic situation and risks, the G20 finance ministers and central bank governors discussed the impact of Russia's aggression in Ukraine, particularly on the threat of energy, food, and financial crises.

Indrawati said that Indonesia, as the leader of the meeting, was aware of the sensitive situation created by the Russia-Ukraine conflict, considering that two strong G20 countries—namely Russia and the United States, which is supporting Ukraine—had adopted opposite stances.

Indonesia and other G20 members, however, must still place the G20 as the world's largest economic cooperation forum that has a long history of resolving various global problems.

"All G20 members also agreed to continue maintaining existing cooperation in the spirit of multilateralism," she said.

The Indonesian Finance Minister then emphasized that the focus of the two-day meeting was not merely on the tensions in Ukraine, but on the seven priority economic agendas drawn up by Indonesia.

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Translator: Genta Mawangi, Yuni Arisandy
Editor: Suharto
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