A new unitary policy for the financial investments of the Holy See and the Vatican City State will go into effect on September 1st, which will be governed by an Investment Policy.
For this reason, the press release continues, it is important that these investments"are aimed at financial operations of a productive nature, ruling out any designed to be speculative in nature."The Policy, adds the Secretariat for the Economy, was approved for 5 years and will enter into force on 1 September, with a moratorium period to comply with the proposed criteria.
The Secretariat for the Economy also made public on Tuesday the Statute of the Investment Committee, which is responsible for defining the investment strategies and ensuring their effective implementation.