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Category: Father Juan Antonio Guerrero

June 27 may decide if Vatican’s financial gamble pays off

Spanish Jesuit Father Juan Antonio Guerrero Alves, the pope’s CFO, explained in an interview with the Vatican’s official news outlet that in order to cover costs, the Vatican is being forced to spend down its reserves, and he appealed to Catholic faithful around the world to help out.

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Vatican plans expenditure cuts for 2021 without hurting jobs, mission

Revenue shortfalls and a current budget deficit require increased efficiency, transparency and creativity while working to continue to fully carry out the mission of the universal church, said the head of the Vatican’s economic office.

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New law brings needed transparency to finances, Vatican official says

A new law that removes financial assets from the control of the Vatican Secretariat of State is a step forward on the path of financial reform, said Bishop Nunzio Galantino, president of Administration of the Patrimony of the Holy See.

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With latest shakeup, has the music stopped on Vatican financial reform?

Pope Francis has taken away away the power of the purse from the Secretariat of State, traditionally the Vatican’s 800-pound gorilla, and transferred it to the Administration of the Patrimony of the Apostolic See (APSA), the Vatican’s central bank. At the same time, he beefed up the oversight role of the Secretariat for the Economy.

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Opening salvos in Pope Francis’s financial ‘Reform 2.0’

Pope Francis and his Vatican team this week have moved to try to defuse a financial bomb before it goes off, closing several Swiss holding companies responsible for portions of its assets and reallocating internal control over financial data collection.

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