Dhaka, July 15 -- Indonesian Finance Minister Sri Mulyani Indrawati said on Friday it was vital for G20 finance leaders to reach a consensus during talks in Bali, warning otherwise it could be "catastrophic" for low-income countries facing soaring food and energy prices.

Finance leaders from the Group of 20 major economies are meeting on the resort island, as host Indonesia tries to find common ground in a group frayed by the Ukraine war and rising economic pressures from soaring inflation, reports Reuters.

Russia's invasion of Ukraine, which the Kremlin calls a "special military operation", has overshadowed previous G20 meetings, including last week's gathering of foreign ministers.

Sri Mulyani said the world had high hopes that the g...