Group of 20 officials identify rising commodity prices, high public debts and “overheating” developing economies as threats to the global recovery, Dow Jones Newswires said, citing a copy of the draft communique.

“Downside risks remain, including ongoing tensions on sovereign-debt markets in advanced economies, inflationary pressures — together with significant capital inflows in emerging economies — creating risks of asset bubbles, and rising commodity prices raising concerns for growth sustainability and food security,” according to excerpts of the draft cited by Dow Jones.

G-20 finance ministers and central bankers meet in Paris on Feb. 18-19.