General Assembly President sets up task force to review global financial system
21 October 2008 - The President of the General Assembly has announced he is setting up a high-level task force to review the global financial system, including major bodies such as the World Bank and the International Monetary Fund (IMF), in response to the current turmoil that is affecting all countries, large and small.

Miguel D’Escoto has appointed Economics Nobel Laureate and Professor, Joseph Stiglitz, to chair the panel, which will also suggest steps to be taken by Member States “to secure a more stable global economic order,â€