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International relations

G-20 finance chiefs fail to reach consensus on global inflation

Indonesia gives up on wringing out joint communique from premier economic bloc

Indonesian Finance Minister Sri Mulyani Indrawati delivers a speech during the G-20 Finance Ministers' Meeting in Bali on July 15.   © Reuters

BALI, Indonesia -- The finance ministers and central bankers of 20 leading industrial and developing nations on Saturday failed to find common ground regarding Russia's war in Ukraine and its repercussions on global inflation, casting uncertainty over the forum's prospects for future cooperation.

Indonesia, which holds the G-20 presidency, was trying to produce a joint communique despite the group's fraying cohesion in the face of the Ukraine war, rising inflation and other economic pressures.

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