The move is aimed at increasing transparency and boosting funds for the poor following a wave of scandals at the Vatican bank.
Pope Creates New Vatican Finance Ministry
February 24, 2014

Via AFP:

Pope Francis on Monday created a new finance ministry to oversee the Holy See's economic affairs in a move the Vatican said was aimed at helping the poor and increasing transparency, following a wave of scandals.

The ministry will be headed up by Australian Cardinal George Pell, and will prepare an annual budget for the Vatican as well as imposing international financial standards, the Vatican said in a statement.

"The Holy Father today announced a new coordination structure for economic and administrative affairs of the Holy See and the Vatican State," it said.

The Vatican added tha...

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