Pope Leo XIV has announced the formation of a new council dedicated to overseeing the Vatican’s economic affairs. The appointments signal a continued effort by the Pope to increase financial transparency and accountability within the Holy See. Details regarding the specific members of the council were released today, comprising experts in finance, law, and church administration. This new body will be tasked with managing the Vatican’s budget, investments, and real estate holdings. The move is largely seen as a response to past financial scandals and a desire to modernize Vatican economic practices. The council’s first meeting is scheduled for next month, where it will begin outlining its strategic priorities. The Pope emphasized the importance of prudent financial management for the continued mission of the Church.