The U.S. Department of the Treasury published a readout of the 16 April G20 Finance Ministers and Central Bank Governors meeting in Washington, D.C., which discussed the economic impacts of the conflict in the Middle East, including spillovers to agriculture markets, value chains and fertilizer. Many members highlighted the need to keep food and fertilizer supply chains functioning for low-income and vulnerable countries and discussed the potential for coordinated action to promote food security and support market stability. The readout notes that many members urged avoiding export prohibitions or restrictions on fertilizers, welcomed coordination between the International Monetary Fund and the World Bank Group to maximize their response to the economic impacts, and committed to remaining agile and flexible in macroeconomic policy responses and cooperation. Many members also emphasized diversified fertilizer production as a buffer for the poorest against disruptions in food trade supply chains. The United States G20 Presidency committed to hosting further discussions on food and fertilizer in the coming weeks.
U.S. Department of the Treasury 2026-04-20
U.S. Department of the Treasury outlines G20 focus on food security and fertilizer supply chains and commits to further discussions
The U.S. Department of the Treasury released a readout of the 16 April G20 Finance Ministers and Central Bank Governors meeting, which focused on the Middle East conflict’s economic impacts on agriculture, value chains and fertilizer markets, and the need to maintain food and fertilizer supply chains for low-income and vulnerable countries. Many members called for avoiding fertilizer export restrictions, welcomed IMF and World Bank coordination, and stressed diversified fertilizer production, while the U.S. G20 Presidency committed to further discussions.