Pope Vatican Finance Cleanup Drives Clergy to Management School

by Chiara Vasarri and Flavia Rotondi
ROME
Bloomberg

(Bloomberg) — Father Massimo Cavallo jumped at the chance to go back to school after struggling with maintenance work, suppliers and taxes as the manager of a Catholic students’ dormitory in Rome.

The 34-year-old is one of 26 attendees of a pastoral management course inaugurated on Feb. 16 at the Pontifical Lateran University for those who manage financial and human resources in parishes, dioceses and other organizations affiliated with the Catholic Church. The 15-month course covers topics such as strategic communication, business ethics and creative problem-solving.

The effort is in line with the Holy See’s attempt to close a budget shortfall and comes as Italy strives to emerge from the longest recession since World War II. Pope Francis is also trying to boost efficiency and clean up finances after scandals involving the Vatican Bank and the Holy See’s administrative body APSA, which manages real estate and financial holdings of the world’s smallest state.

“Making ends meet is not easy,” Cavallo said in an interview outside his office filled with stacks of theology books, pictures of him shaking hands with Pope Francis and his two predecessors, a desktop PC and a calculator.

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