JAKARTA - Pope Leo XIV took his biggest steps to correct one of Pope Francis' most problematic financial policies. Pope Leo canceled the Holy See donation commission.
On Thursday, Pope Leo officially dissolved the fundraising commission, revoked its stake, and dismissed its members.
He determined the commission's assets would belong to the Holy See as a whole, while the Vatican's patriarchy office would oversee the disbandment of the commission.
A new working group will be formed, with members approved by the Pope, to submit appropriate fundraising and structure proposals for the future, the decree reads.
The decree is the latest sign towards the end of 2025, the first American whale in history is finalizing the remains of Francis' papality.
Leo is correcting existing problems according to his needs and fulfilling the obligations of the Holy Year of Francis, while looking forward to the new year where he can focus more on his own agenda.
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The Vatican announced the formation of commissions, statutes, and members on February 26, when Francis was hospitalized for double pneumonia. At that time, Francis was being visited by top officials of the State Secretariat.
The commission only consists of Italians without professional fundraising experience.
The president is an appraiser of the State Secretariat, the same Vatican office that Fransiskus previously stripped of power to manage assets after losing tens of millions of euros in an embarrassing property transaction in London.
The strengthening of power back to the State Secretariat, the lack of qualified fundraisers, and the absence of Americans on the board of US is the largest donor to the Vatican immediately raises questions about the commission's credibility.
For some, it seems like the Italian-led State Secretariat is utilizing a sick Pope to announce a new flow of uncontrolled donations into his cash after Francis took state wealth funds of 600 million euros ($684 million) and gave it to other offices to manage it as a penalty for failing in London.
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