Indonesia warns of ‘cold war’ and climate impact

G20 finance ministers, central bankers and senior officials meet in Bali

JAKARTA: Finance Minister Sri Mulyani says the geopolitical environment is undergoing a “fundamental shift”, creating heightened risks for the global economy.

At a forum held by the Indonesian Bankers Association (IBI), the minister claimed expert analysis had shown that a Cold War-like situation was returning, where the Western bloc would stand against Russia and China.