Pope sets up body to reform Vatican’s economic affairs

VATICAN CITY
CNN

By Hada Messia and Laura Smith-Spark, CNN

Rome (CNN) — Pope Francis has set up an expert committee to recommend reforms to the economic and administrative structures of the Holy See, the Vatican announced Friday.

The Vatican bank has been plagued by financial scandals for years, and the new committee comes in addition to measures the pope has already taken to try to sort out the bank’s problems.

Established Thursday, it will report to the pontiff and is tasked with coming up with reforms aimed at the “simplification and rationalisation of the existing bodies and more careful planning of the economic activities of all Vatican Administrations,” a news release said.

Only one member of the eight-person committee is a cleric, with the others picked for their legal, economic and organizational expertise, it said. Most of the eight come from European nations.

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