Pope Francis has tightened control and oversight over Vatican-based foundations and associations in his latest effort to impose international standards of accounting and governance on Vatican offices and affiliated entities. A new law aims to bring the Holy See into further compliance with recommendations from the Council of Europe’s Moneyval committee, which in April 2021 Read more
Posts Tagged ‘Secretariat for the Economy’
Layman appointed as Vatican finance czar
Monday, December 5th, 2022
Fr Juan Antonio Guerrero Alves is to step down after three years as prefect of the Vatican’s Secretariat for the Economy, and a layman has been appointed to replace him. The 63-year-old Spanish Jesuit cited health reasons for his decision, and Maximino Caballero Ledo (pictured), the institution’s secretary general since August 2020, will take his Read more
Vatican finances must be like a house of glass
Monday, October 5th, 2020
The economy of the Holy See should be transparent like a house of glass, says Vatican Secretariat for the Economy prefect Fr. Juan A. Guerrero SJ. He made the comment when the Secretariat released the 2019 balance sheet for the Roman Curia last Thursday. “We want the budget to explain how the Holy See uses Read more
New head of Vatican’s economy office needs pope’s strong backing to succeed
Monday, November 18th, 2019
When Father Juan Antonio Guerrero was announced as the new head of the Secretariat for the Economy, a collective ‘huh?’ could probably be heard across Rome. The Spanish Jesuit is not a Vatican veteran and has only been in Rome for about two years, where he oversaw the various Jesuit institutions located in and around Read more
Francis trims Pell’s admin functions
Tuesday, July 12th, 2016The Pope has clipped Cardinal George Pell’s wings by removing some of the administrative functions done by his department. Pope Francis essentially reversed a 2014 law that had transferred the main operational section of the patrimony office to the Australian cardinal’s Secretariat for the Economy as of Saturday. Francis said he is removing the tasks because Read more
Coming out of Cardinal Pell’s shadow
Friday, February 28th, 2014
When it was announced in 2001 that Melbourne Archbishop George Pell was to be made Archbishop of Sydney, the incumbent, Cardinal Edward Clancy, said Pell was ‘a controversial figure, and controversial figures generally create a few enemies as well as friends along the way’. Pell’s latest promotion, to head an important new office in Rome Read more