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Pope Francis moves on Vatican finance reform

By editor - 01 June, 2013

Pope Francis has established a Pontifical Commission charged with drawing up an “exhaustive” report into the juridical standing and activities of the Vatican’s financial institution, the Institute for Religious Works, more commonly known as the IOR.

The Commission is composed of 5 people. These include two US natives, Harvard Law Professor Mary Ann Glendon and Monsignor Peter Bryan Wells, of the Vatican Secretariat of State.

Presenting the Secretariat of State communique to journalists Wednesday, Holy See press office Director, Fr Federico Lombardi SJ stated that the Commission is tasked with carrying out inquiries and presenting the Holy Father with a report of their findings “in view of possible reform”.

Fr Lombardi noted that the Commission of 5 people is not permanent. It will present the report to the Pope and then be dissolved. He also added that no deadline has been set.

The new Pontifical Commission, which will begin its work in the coming days, is not involved in running the Institution. Its main aim will be to study it to help Pope Francis ensure the IOR’s activities are in harmony with the Churches’ mission.

2013-06-26 Vatican Radio

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