Pope Francis Updates Vatican Business and Contracting Laws

Pope Francis issued two new apostolic letters Tuesday, amending the financial regulations for Vatican curial offices and for the Vatican city state. The pope set a new threshold for acts of “extraordinary administration,” which require approval, and amended policies Francis set in 2020 governing external contracting and purchasing orders by Vatican bodies and institutions. ...So what do the new laws change, and what does it all mean? Here are the highlights.