Posts Tagged ‘Vatican Secretariat for the Economy’

Vatican policy orders foreign investment accounts to be closed

Thursday, July 21st, 2022
Vatican investments

The Vatican has issued a new investments policy to ensure they are ethical, green, low-risk and avoid weapons industries and health sectors involved in abortion, contraception and embryonic stem cells. The policy requires Vatican departments to close investment accounts held in foreign banks and transfer them to the Vatican. The new policy was approved by Read more

Vatican deficit: Spending up on struggling communities

Monday, July 26th, 2021
Vatican budget deficit

The Vatican has reported a Roman Curia budget deficit of €66.3 million (US$78 million) for the COVID-dominated year 2020. While most Vatican offices reduced costs, the Congregations for Eastern Churches and for Evangelization of Peoples significantly increased giving to struggling church communities. The Vatican said the coronavirus pandemic had a severe negative impact on the Read more

Vatican issues statement following Cardinal Pell’s conviction

Thursday, February 28th, 2019

The Vatican is calling Cardinal George Pell’s conviction of sexual abuse of minors’  as “painful”, saying it “shocked many people”. In a statement, the Vatican acknowledges the “utmost respect for the Australian judicial authorities” and says the Vatican is waiting for the outcome of the appeals process. It says, (Pell) “has the right to defend Read more