VATICAN CITY
Gazzetta del Sud
Vatican City, April 7 – Pope Francis approved the new mission of the Institute of Religious Works (IOR), better known as the Vatican Bank, as it aims to improve transparency, the Vatican said Monday. The pontiff’s green light marks a critical vote of confidence for IOR management in its ongoing, wide-ranging efforts improve transparency and compliance at the bank. The image of the bank has been hit by a series of scandals over the years. The pope’s support reaffirms “the importance of the mission of IOR for the good of the Catholic Church, the Holy See and the Vatican,” said a Vatican statement.
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