Pope further tightens controls, centralisation of Vatican finances
Vatican City Reuters Pope Francis on Tuesday acted to eliminate wiggle room or foot- dragging by Vatican departments in imposing tighter financial controls, setting a deadline for the closing of investment portfolios in foreign banks, including in Italy. Francis issued a document known as a “rescriptum”, or re-writing, making clear that all investments by all […]
Development banks linked to nature loss worth $US800 billion per year
Kuala Lumpur, MalaysiaThomson Reuters Foundation Investments made by public development banks around the world could destroy nature worth $US800 billion each year, researchers warned on Thursday, urging greater testing and transparency of the institutions’ lending to reduce the risks to biodiversity. A study published by the Finance for Biodiversity Initiative (F4B), a global thinktank, analysed how […]