Mari Pangestu, the World Bank's managing director for development policy, underscored the need for global cooperation to avert food crises in the most vulnerable countries in remarks to an online meeting of agriculture ministers from the Group of 20 major economies.
In her intervention, the minister talked about the role the member countries can play in "safeguarding the lives and livelihood of people while maintaining macroeconomic stability in a sustainable manner", said an official release.
The officials also called on private creditors to participate in the initiative "on comparable terms."
The final G20 communique appeared to gloss over simmering divisions over energy policy, making no mention of output cuts and pledging simply to ensure oil "market stability" amid the coronavirus pandemic.
The G20 Energy Ministers' focused on ways and means to ensure stable energy markets, which are affected due to demand reduction as result of the COVID-19 pandemic and the ongoing surplus production related matters.
According to a joint statement issued after a video conference, the ministers agreed to support the availability and accessibility of essential medical supplies at affordable prices, on an equitable basis, where they are most needed and will guard against profiteering and unjustified price increases.
2.1 percent GDP forecast may be a huge downgrade but given the projected recession in other regions like US, Europe and Latin America, India will be a fastest growing nation and will be only among three countries in G20 along with China and Indonesia. With worst negative growth of 7 percent, Italy will get a huge hit.
Describing it as a great meeting, he said, "We have a lot of different ideas, a lot of good ideas, we are working together. The leaders gathered virtually around the world to discuss the whole subject of the problem that right now 151 nations have got".
World leaders, including Russian President Vladimir Putin, will take part in the talks which the Kremlin said will take place by videoconference.
Global growth was poised for a modest rebound to 3.3 per cent this year, up from 2.9 per cent last year, International Monetary Fund chief Kristalina Georgieva said after a two-day meeting of G20 finance ministers and central bank governors in Riyadh.
The United States blocked including climate change on a list of downside risks to global growth that had won agreement by nearly all other G20 delegates, but ultimately agreed to permit a reference to the Financial Stability Board's work examining the implications of climate change for financial stability.
Despite increasing trade and growing strategic closeness, India-US trade tensions have actually increased. The traditional worries of agricultural trade and IPR have moved and now the Trump administration’s concerns are about trade deficit and ‘unfair’ trade practises.
The export credit agencies (ECAs) of G20 countries currently provide more than 10 times more state-backed finance to oil, gas and coal projects abroad than they do to renewable energy schemes, the analysis said.
Relations between the world's two largest economies have nose-dived amid a bitter trade war - which they are trying to resolve - and arguments over human rights, Hong Kong and U.S. support for Chinese-claimed Taiwan.
Policy uncertainty leads to low business confidence, in turn hurting growth and investment
PM Modi is expected to hold about 10 bilateral meetings as well as Russia-India-China (RIC) and Japan-America-India (JAI) trilateral meetings on the sidelines of the summit.
G20 members include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Japan, Russia, the UK, the US, among others.
Central banks will once again ride to the rescue, but monetary policy impotence is an increasing risk
The world is witnessing a build-up of uncertainties. That merits the question, is growth desirable at the cost of financial stability. The external risks suggest the government puts fiscal prudence first
Britain's relations with Russia fell to a post-Cold War low after the poisoning of Sergei Skripal.
With only an estimated nine percent of plastics ever produced recycled, campaigners say the only long-term solution to the plastic waste crisis is for companies to make less and consumers to use less.
Images of plastic debris-strewn beaches and dead animals with stomachs full of plastic have sparked outrage, with many countries, including more than two dozen in Africa, banning plastic bags outright.
Steven Mnuchin said he did not believe that the current trade tensions were harming the global economy, one of the key topics being discussed by G20 officials in Fukuoka.
Officials said the US-China trade conflict was spilling over to other areas of discussions at the G20, making the drafting of the final statement increasingly difficult.
The two-day meeting will be the first overseas visit of Sitharaman as the Finance Minister.