FILE PHOTO: Pope Francis gestures as he leads the Regina Coeli prayer from his window in the newly reopened St. Peter's Square after months of closure due to the coronavirus outbreak, at the Vatican, May 31, 2020. Vatican Media/Handout via REUTERS
VATICAN CITY (Reuters) - 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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
