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PanARMENIAN.Net - Pope Francis has taken the first major step toward reforming the Vatican's outdated and inefficient bureaucracy, creating an economics secretariat responsible for all economic, administrative, personnel and procurement functions, according to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
A Syrian source said Aleppo was excluded from truces “because there are terrorists there who haven’t stopped hitting the city.”
The raid by U.S. special operators on a mission to kill or capture IS leaders, occurred in Iraq and targeted Suleiman Abd Shabib al-Jabouri.
Helicopter design and manufacturing company Russian Helicopters delivered as many as 212 aircraft to various customers in 2015.
Fighting around Aleppo has become the biggest threat to the fragile cessation of hostilities that went into force on Feb. 27.
Partner news