India, Oct. 26 -- Countries of the Global South are facing a "4F crisis" of finance, fuel, food and fertilisers and the Global North has to do more to find solutions to these challenges, including the derisking of the global economy, external affairs minister S Jaishankar said on Sunday. Pointing to the conflicts in Ukraine and West Asia, Jaishankar said societies and economies far away from these regions and with little say in the matter are "paying the cost" of the turmoil. Speaking at an event to mark the 75th anniversary of the Chinmaya Mission, he emphasised that the use of terrorism as an "instrument of statecraft" cannot be justified or rationalised. "The Global South today faces a 4F crisis of finance, fuel, food and fertilisers. The Global North must realise that it has equal stakes in finding solutions," he said, while addressing a gathering that included UN resident coordinator in India, Stefan Priesner. "The international economy must be urgently derisked and nations provided with more diversified options. Market distortions through constriction and choke points only add to suffering. A genuine dialogue in this regard is overdue," Jaishankar said. Referring to the fallout of conflicts that threaten peace everywhere, he said: "We cannot remain helpless spectators. India expresses global sentiment when we urge that dialogue and diplomacy are the only solution." He added that India is engaged in peace building efforts and open to working with other partners on this issue. Jaishankar described terrorism as a "deadly threat to peace" and said its use as "an instrument of statecraft is simply unacceptable". Without naming any country, he added, "It can never be justified. It can never be rationalised. Yet it continues because not all states really display zero tolerance. Despite history holding so many lessons, some still allow political calculations to take precedence." The world has to have a sharper awareness about this common threat and countries have to come together with stronger resolve to counter all forms of terrorism, he said....