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Bishop Giordana’s appointment was made after a report from the auditor general which also led to the seizure of documents and electronic devices from the Fabric of St. Peter’s technical and administrative offices on the morning of June 30,
The June 15-16 seminar was held by the new leadership of the Financial Information Authority (AIF), including president Carmelo Barbagallo and vice director Federico Antellini Russo.
The move is the latest in a series of changes that Father Juan Antonio Guerrero, prefect for the Secretariat of the Economy, has made to Vatican finances.
The Secretariat for the Economy is tasked with oversight of the Vatican’s administrative and financial structures and activities, including monitoring the work of APSA.
Jesuit Father Antonio Guerrero Alves told Vatican News that he anticipates a steep drop in annual revenues, due to the coronavirus pandemic.
Father Guerrero started his term as the Vatican’s finance minister in January, after Pope Francis made the appointment in November 2019, to fill the position left empty by Cardinal George Pell’s departure in summer 2017.
COMMENTARY: Greater observation of Thou shalt not steal and Thou shalt not bear false witness would have gone a long way toward preventing the scale of the financial crisis.
Libero Milone had only been in the new post two years during which time he faced a number of challenges, including resistance to more rigorous audits.
The prefect of the Secretariat for the Economy says the latest “serious irregularities” show “the moment of truth” in the Vatican’s economic reforms is approaching.
Commitment to transparency remains a priority, Vatican says.
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