"I would expect that the volatility in the markets right now, the uncertainty regarding the outlook, I would imagine would be the priority issue for discussions at the G20," Rice stated in a briefing.
The Institute of International Finance will hold its eighth annual G20 conference on February 25-26 in Shanghai, China.
Since August 2015, global markets have been volatile with the Chinese market and energy market uncertainty driving disruptions.
Industrialized countries established target inflation rates at 2 percent to ensure price and employment stability, and estimate only 1 percent inflation over the next ten years.
The G20 is an international forum for the leaders and senior financial official of the world's 20 major economies.