Vatican City, Nov 19, 2020 / 07:30 am
A Vatican bishop said this week that a committee of outside professionals is being created to help keep Holy See investments both ethical and profitable.
Bishop Nunzio Galantino, president of the Administration of the Patrimony of the Apostolic See (APSA), said Nov. 19 that statutes for a new "Investment Committee" were waiting to be approved.
The committee of "high-profile external professionals" will work with the Council for the Economy and the Secretariat for the Economy to "guarantee the ethical nature of investments, inspired by the social doctrine of the Church, and at the same time, their profitability," Galantino told the Italian magazine Famiglia Cristiana.
Earlier this month, Pope Francis asked that investment funds be moved out of the Secretariat of State and into APSA, Galantino's office.