G20 finance chiefs urged to focus on global recovery goals

Indonesia on Saturday urged G20 finance leaders to stay focused on their goals for global economic recovery, but sources said the meeting in Bali would likely end without a formal communique, News.Az reports citing Reuters.  

Indonesian Finance Minister Sri Mulyani Indrawati, who is hosting the two-day event, is expected to issue a chair's statement summarising the events of the meeting instead, two sources familiar with the matter said.

"We do not expect a communique," one source said.

Indonesian central bank governor Perry Warjiyo said on Saturday members had held fruitful discussions but that the G20 must deliver concrete results to support the global economy.

"It is important that we remain focused on what we have planned to achieve this year, as this will also send a positive message to the global community on the G20's role and efforts to support global recovery," Warjiyo said when he opened the second day of meetings.

Sri Mulyani had hoped delegates could bridge their differences to jointly address rising commodity prices, an escalating food-security crisis and the spillover effects on the ability of low-income countries to repay debt.


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