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G20 starts in Bali as Ukraine war, raging inflation top agenda

Angie Teo (Reuters)
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Nusa Dua, Bali
Tue, November 15, 2022 Published on Nov. 15, 2022 Published on 2022-11-15T08:38:54+07:00

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India's Prime Minister Narendra Modi greets Indonesia's President Joko Widodo as he arrives for the G20 leaders' summit in Nusa Dua, Bali, Nov. 15, 2022. India's Prime Minister Narendra Modi greets Indonesia's President Joko Widodo as he arrives for the G20 leaders' summit in Nusa Dua, Bali, Nov. 15, 2022. (Reuters/Kevin Lamarque)
G20 Indonesia 2022

Leaders of the Group of 20 (G20) major economies open talks on Tuesday on the island of Bali, after a final pitch by host Indonesia for the bloc to focus on action to help a global economic recovery despite deep rifts due to the war in Ukraine.

The G20, which includes countries ranging from Brazil to India, Saudi Arabia and Germany, accounts for more than 80 percent of the world's gross domestic product), 75 percent of international trade and 60 percent of its population.

A positive sign on the eve of the summit was a three-hour bilateral meeting between US President Joe Biden and Chinese leader Xi Jinping in which the two leaders pledged more frequent communications despite many differences.

Monday's meeting was the first time the two had met in person since Biden became president and the talks appeared to signal an improvement in relations between the superpowers after a downward spiral in recent months.

With the Ukraine war and a global spike in inflation overshadowing the summit, Indonesia's president made a fresh appeal to the leaders of the world's richest countries to unite at least on economic matters.

"We hope the G20 summit can deliver concrete partnerships that can help the world in its economic recovery," President Joko “Jokowi” Widodo said after a bilateral meeting with Biden.

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Jokowi also asked the European Commission and the G7 bloc to lend "support and flexibility" so that the summit can produce concrete results, he said in a statement.

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