Chair’s Statement of the United States G20 Presidency

The Finance Ministers and Central Bank Governors of the G20 met on Wednesday, April 16, in Washington, D.C., and discussed a range of issues, including the economic impacts of the conflict in the Middle East, including on agriculture markets, value chains, and fertilizer. Many members raised the importance of efforts to keep food and fertilizer supply chains functioning, particularly for low-income and vulnerable countries, by not imposing export prohibitions or restrictions on fertilizers. Many members welcomed efforts by the International Monetary Fund and the World Bank Group to coordinate in order to maximize their institutions' responses to the economic impacts. Many members committed to staying agile and flexible in their macroeconomic policy responses and cooperation, and discussed the potential for coordinated action to promote food security and support market stability. Many members emphasized the importance of diversified fertilizer production to buffer the poorest from disruptions in food trade supply chains. The United States G20 Presidency commits to hosting further discussions on the subject of food and fertilizer in the coming weeks.

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