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Vatican

Holy See confirms investigation of Order of Malta

January 17, 2017. The Holy See has issued a statement Tuesday in response to "attempts by the Order of Malta to discredit” the new group established by the Vatican to conduct the investigation of why the Chancellor of the Order of Malta was asked to step down.
World

Pope sends condolences for victims of Turkish cargo jet crash

January 16, 2017. On Monday morning, a Turkish cargo plane has tragically crashed in Kyrgyzstan, killing dozens and hospitalizing many others. Many homes and vehicles in the small village are also destroyed. As a result, Vatican Secretary of State, Pietro Parolin has sent a message of condolences to the victims of the disaster on behalf of Pope Francis.
Vatican

Pope Francis to meet with Palestinian president on Saturday

January 11, 2017. Pope Francis will meet with Palestinian president, Mahmud Abbas on Saturday, January 14, at the Vatican to inaugurate the new Palestinian embassy to the Holy See.
Vatican

Former Director of the Vatican's school for diplomats, Justo Mullor dies

December 30, 2016. The smiling archbishop Justo Mullor died this morning in Rome, at the Pío XI Clinic. He was 84 years old.

Vatican Bank is here to stay

2014-04-07

In the past few years, the purpose and livelihood of the Vatican Bank has been questioned by people in and outside the Catholic Church. Some recommended it be shut down all together, others that it change its regulations. 

On Monday, April 7th,  the Holy See's press office announced that the Vatican Bank is here to stay. Pope Francis approved the future of the Bank, which is officially known as the Institute for the Works of Religion (IOR)

In a press release, it states that the IOR will continue to 'serve with prudence and provide specialized financial services to the Catholic Church worldwide.' 

After a series of economic scandals, the Vatican approved new financial structures to regulate its activities. They include aligning its accounts, transactions and otherwise with international standards and promoting transparency. 

The decision was approved jointly, by different Holy See entities, but the process isn't done just yet. To finalize the plan and to make sure the IOR fulfills its mission, the plan will be presented to the Pope's advisory council, which includes eight cardinals, among them is George Pell, who was recently appointed  Secretariat for the Economy

The activities of the IOR will continue to fall under the supervision of the AIF or the Financial Information Authority, which is an institution that is connected to both the Vatican and the Holy See. 


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