A Historic Moment For the Vatican

Global Institute of Church Management collaborated with the Administration of the Patrimony of the Apostolic See to offer an English translations for its first ever published balance sheets.

The Catholic Weekly: Questions Intensify Over Money Flow

St. Peter's

Speaking at a webinar on transparency in the Catholic Church, Cardinal Pell, former prefect of the Vatican Secretariat for the Economy said that Pope Francis’ efforts to reform the Vatican’s finances, including a recent measure that removed financial assets from the control of the Vatican Secretariat of State, would hopefully bring much-needed accountability. “There’s no […]

katholiche.de: Kardinal Pell fordert bessere Rechenschaft beim Peterspfennig

Cardinal Pell

Der Vatikan sollte die Verwendung von Spenden des sogenannten Peterspfennigs nach Ansicht von Kardinal George Pell genauer dokumentieren. Er könne die Enttäuschung und Skepsis vieler Spender nach dem Finanzskandal des vatikanischen Staatssekretariats verstehen, sagte Pell am Donnerstag bei einem Online-Seminar in Rom. Die Einnahmen des Peterspfennig sollten für karitative Zwecke verwendet werden, teils auch für den Betrieb der Kurie, “aber sicher nicht […]

Crux: Vatican financial reform going in the right direction, Pell says

Cardinal Pell speaking

Pell referred to both past and present Vatican scandals, suggesting that had these steps been taken sooner, “A good deal of the present troubles, especially the London troubles, they might not have been prevented, but they certainly would have been recognized earlier.” Pell’s mention of London refers to the controversial $225 million land deal in […]