Indonesia's Finance Minister Sri Mulyani Indrawati speaks during a side event on the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, on Indonesia resort island of Bali on July 14, 2022. (MADE NAGI / POOL / AFP)

NUSA DUA, Indonesia – Indonesian Finance Minister Sri Mulyani Indrawati said on Friday failure by G20 finance chiefs meeting in Bali to reach consensus could be catastrophic for low-income countries amid soaring food and energy prices exacerbated by the conflict in Ukraine.

ALSO READ: G20 foreign ministers to discuss food crisis, global stability

In her opening remarks to the meeting, Sri Mulyani said Indonesia would be an honest broker and find creative solutions to overcome the "triple threat" of surging commodity prices, global inflation and war.