Vatican City

Pope sets up Holy See economic-structure commission

Lay experts to study institutions, draft reforms

Pope sets up Holy See economic-structure commission

Vatican City, July 19 - Pope Francis has set up a new commission on the economic and administrative structure of the Holy See, the Vatican said on Friday. The pope has made reforming the Vatican's economic dealings a priority and last month he set up a separate commission to oversee its scandal-hit bank, the Institute for Religious Works (IOR). The Vatican said the new pontifical commission will report to Francis and cooperate with the Council of Cardinals to study the organisational and economic problems of the Holy See and to draft reforms of its institutions. The papal document that launched the commission said it would "offer the technical support of specialist advice and develop strategic solutions for improvement, so as to avoid the misuse of economic resources, to improve transparency in the processes of purchasing goods and services; to refine the administration of goods and real estate; to work with ever greater prudence in the financial sphere; to ensure correct application of accounting principles; and to guarantee healthcare and social security benefits to all those eligible". The eight members of the Commission are lay experts in legal, economic, financial and organisational matters who come from Italy, Spain, France, Germany, Malta and Singapore.

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