Pope Francis decrees better control of Vatican funds and foundations

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Pope Francis decrees better control of Vatican funds and foundations
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Pope Francis speaking at the general audience on St. Peter's Square at the Vatican, Nov. 30, 2022 | Daniel Ibáñez / CNAPope Francis issued a decree on December 6 Tuesday aimed at improving the financial accountability of funds, foundations, and other legal entities inside the Vatican.

The motu proprio is complemented by a law covering entities in the Vatican City State. Both were published December 6 and come into force on December 8. It was therefore necessary, he added, “that they be subject not only to the supervision of the curial institutions from which they depend, but also to the control and surveillance of the economic bodies of the Roman Curia.”

The scope of the law is limited, according to Vatican News: It does not extend to “curial institutions and offices of the Roman Curia, institutions connected with the Holy See, the Governorate of Vatican City State, and entities professionally engaged in activities of a financial nature.”

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