Pope Francis takes first major step for Vatican finance reform

Pope Francis takes first major step for Vatican finance reform

PanARMENIAN.Net - Pope Francis has taken the first major step toward reforming the Vatican's outdated and inefficient bureaucracy, creating an economics secretariat responsible for all economic, administrative, personnel and procurement functions, according to the Associated Press.

Australian Cardinal George Pell was named prefect of the new ministry Monday. He reports to a new 15-member economy council of eight cardinals reflecting various parts of the world and seven lay experts.

The secretariat will cover the finances of the Holy See — the central governing structure of the Catholic Church — and the Vatican City State, the 44-hectare city state in central Rome which includes the profit-making Vatican Museums and Vatican's post office.

Francis made the decision after appointing a commission last summer to recommend ways to improve efficiency and transparency in the Holy See's management.

Related links:
 Top stories
"I keep coming back to the fact that there is a connection between the Syrian crisis and what is happening in Ukraine," Assad said.
Investigators will also need the other black box which records flight data, information that is essential for probing air accidents.
"It's going to take a new generation of courageous conservatives to help make America great again," Cruz said.
Netanyahu said he had already spoken to the leaders of other right-of-center parties about forming a new government "without delay".
Partner news
Soghomon Tehlirian assassinated Talaat Pasha on March 15, 1921

Operation Nemesis was a covert operation by the Armenian Revolutionary Federation carried out from 1920 to 1922, during which a number of former Ottoman political and military figures were assassinated for their role in the Armenian Genocide.