For the first time since its inception in 1967, the Administration of the Patrimony of the Apostolic See – “APSA” – published its 2020 summary balance statements.
The Global Institute of Church Management (GICM) is excited to have been able to advance the historic step achieved by the Vatican with the publication of a consolidated financial statement for the Administration of the Patrimony of the Apostolic See (APSA). To enhance the Vatican’s move towards greater transparency and accountability, we prepared an English translation.
Given the technicalities of the original document and our respect for the publishing Vatican agency, we aimed to provide a strict translation that corresponds as closely as possible to the original document without, however, seeking a literalistic result.
To clarify, GICM did not have a role in writing the original report or in the data collection. Our goal was to provide a service to APSA and to the universal Church by offering a translation in a language that will give many more people access to this important step promoted by Pope Francis’ reform directives.
Various experts contributed their time and talent, resulting in this completed translation. We are particularly grateful to APSA for their detailed feedback and approval of the translation and look forward to the possibility of collaborating in the promulgation of any future updates and in any other way helping them to bring greater transparency into Church governance.