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Pope makes anti-corruption spending rules mandatory in the Vatican

Vatican Media/­Handout via REUTERS/File Photo

Pope Francis has approved sweeping new rules for procurement and spending in the Vatican meant to cut costs, ensure transparent competition, and reduce the risk of corruption in awarding contracts.

An Apostolic Letter and 30 pages of new norms released on Monday are the culmination of a four-year process to rationalise spending procedures and tackle nepotism and cronyism.

They come as the coronavirus pandemic has wreaked havoc with the Vatican’s finances, forcing it to implement some of the toughest cost-control measures ever.

In his letter, Francis said the new norms would allow for “a considerable reduction in the danger of corruption”.

1st June 2020

News Source Reuters

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