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UN panel calls for new global reserve, credit systems to avert future crises

A high-level United Nations commission on the world financial crisis today called for a new global reserve system that does not rely on a single currency like the dollar, a new global credit facility to complement the International Monetary Fund (IMF), and a new global coordination council that would be more inclusive than the current G20 bloc of countries.

UN reports point to possible war crimes in eastern DR Congo

With two new United Nations reports detailing human rights abuses – including possible war crimes – carried out by both Government forces and rebels in the volatile far east of the Democratic Republic of the Congo (DRC), the world body’s top rights official today stressed the urgent need for reforming the country’s security and judicial systems.