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 was the impact of the COVID-19 pandemic on food prices?

What measures can be taken to address the challenges of rising food prices?