Indonesian Finance Minister Indrawati's G-20 Opening Remarks

The transcript discusses the alarming increase in risks to food security due to the war in Ukraine, sanctions, and export restrictions, exacerbated by the COVID-19 pandemic. It highlights the global economic challenges, including skyrocketing food and energy prices, and the impact on macroeconomic stability. The World Bank's estimate of a 350% increase in crude oil prices from April 2020 to April 2022 is noted, contrasting with the early pandemic period when oil prices were zero or negative.

What are the main factors contributing to the increased risk to food security?

• Increased global population

• Technological advancements in agriculture

• War in Ukraine, sanctions, and export restrictions

• Climate change and natural disasters

How have energy commodity prices changed recently?

• They have skyrocketed

• They have remained stable

• They have decreased significantly

• They have fluctuated unpredictably

What is the impact of skyrocketing energy prices on macroeconomic stability?

• It has no impact

• It enhances stability

• It improves economic recovery

• It poses a threat to stability

What is the estimated increase in crude oil prices from April 2020 to April 2022 according to the World Bank?

• 450%

• 350%

• 250%

• 150%

What was the situation with oil prices at the beginning of the pandemic?

• They were at an all-time high

• They were zero or slightly negative

• They were stable

• They were slightly increasing