the frankfurt skyline is pictured as the spread of the coronavirus disease covid19 continues in frankfurt germany january 5 2022 reuterskai pfaffenbach feb 17 reuters  finance leaders from the group of 20 leading economies said that rising inflation prompted by supply disruptions poses risks to the global economic outlook and an asynchronous recovery from the covid19 pandemic a draft communique obtained by reuters showed on thursday we will continue to strengthen the resilience of global supply chains we remain vigilant of the impacts of these challenges on our economies the g20 finance ministers and central bank governors said in the draft statement which will be finalized on friday when their partly virtual meeting hosted by indonesia concludes we will also continue to monitor major global risks including those arising from current geopolitical tensions and macroeconomic and financial vulnerabilities the ministers said the statement contained no direct reference to the crisis on the ukrainerussian border and the word current in brackets indicates that it may be deleted russia is a member of the g20 major economies the finance leaders said inflation rates are currently elevated in many countries prompted in part by supply disruptions supply demand mismatches and increased commodity prices including energy prices central banks will act where necessary to ensure price stability in line with their respective mandates while remaining committed to clear communication of their policy stances the ministers and governors said adding that central bank independence was crucial for credibility the g20 finance leaders affirmed their commitment to developing the rules and other instruments to implement a global tax agreement reached last year to put the new rules into effect in 2023 they also pledged to do more to secure the longterm success of a g20 common debt restructuring framework for poor countries although that language also was in brackets making it subject to change on climate change the g20 ministers said reaching carbon emissions net zero goals should include a full range of tools including if appropriate the use of carbon pricing mechanisms and incentives and phase out and rationalize over the medium term inefficient fossil fuel subsidies that encourage wasteful consumption reporting by christian kraemer and david lawder additional reporting by doina chiacu and jan strupczewski editing by toby chopra and andrea ricci