We'll receive a $25,000 grant if others match it by Pentecost. $18,905 to go. Your gift will be doubled!
Click here to advertise on CatholicCulture.org

Sweeping reforms to Vatican's media, financial operations

Catholic World News - July 09, 2014

Cardinal George Pell has announced plans for a restructuring of the Vatican offices that handle financial affairs, and a major review of the Vatican's media operations.

At a July 9 news conference Cardinal Pell, the prefect of the Secretariat for the Economy, outlined plans for the future of the Vatican bank, the pension fund, and the Administration of the Patrimony of the Apostolic See (APSA). While these announcements about changes in the Vatican's financial offices had been expected, the cardinal added a surprise announcement of a plan for reform of the Vatican's media operations.

The changes announced at the Vatican bank, the Institute for Religious Works (IOR), followed upon the previous day's announcement that the IOR would be given an entirely new management team and a tighter new focus of activity. As widely anticipated, Jean-Baptiste de Franssu was introduced as the new president of the IOR.

Cardinal Pell said that Lord Christopher Patten, a veteran British politician, would chair an expert committee assigned to conduct a thorough review of Vatican media operations, with the goal of providing better for better coordination among the various Vatican organs of public communication and responding to the new opportunities provided by social media.

For more detailed reports on the changes in Vatican financial offices, and the review of the media operations, see today's separate CWN news stories.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Spring Challenge Grant
Progress toward our Spring Challenge Grant goal ($18,905 to go):
$25,400.00 $6,495.00
74% 26%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

There are no comments yet for this item.

Matching Campaign
Subscribe for free
Click here to advertise on CatholicCulture.org
Shop Amazon

Recent Catholic Commentary

The French campaign for freedom of thought 3 hours ago
Climate Change and Vatican II: Insights! May 1
Are Catholic schools Catholic? A strange case in San Francisco. May 1
We've already redefined marriage, by accepting contraception May 1
Henri de Lubac's fascinating notes on Vatican II May 1

Top Catholic News

Most Important Stories of the Last 30 Days
Pope challenges world leaders' silence on persecution of Christians CWN - April 6
Pope outlines plans for the extraordinary jubilee of mercy CWN - April 13
Vatican completes doctrinal assessment of Leadership Conference of Women Religious CWN - April 16
Pope accepts resignation of Bishop Finn CWN - April 21