‘Need to prioritise food and energy security’

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‘Need to prioritise food and energy security’

  • G-20 finance chiefs pledged to address global food insecurity and rising debt but made few policy breakthroughs amid divisions over Russia's war in Ukraine.

Key highlights

  • Group affirmed that it has "strong consensus" to address worsening food security crisis.
  • This is challenging time because Russia is part of G20 and doesn't agree with rest on how to characterize war.
  • G20 will set up a joint forum between finance and agriculture ministers to address food and fertilizer supply issue.
  • Similar forum was set up for finance and health ministers for pandemic preparedness.

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Prelims take away

  • G-20