Institute for Works of Religion (Paperback)

High Quality Content by WIKIPEDIA articles The Institute for Works of Religion (Italian: Istituto per le Opere di Religione - IOR), commonly known as the Vatican Bank, is a privately held institute located inside Vatican City run by a professional bank CEO who reports directly to a committee of cardinals, and ultimately to the Pope (or the Camerlengo of the Holy Roman Church during a sede vacante). Since its assets are not considered property of the Holy See, it is not overseen by the Prefecture for the Economic Affairs of the Holy See, and it is listed in the Annuario Pontificio together with foundations such as the John Paul II Foundation for the Sahel, which provides funds for training people to fight drought and desertification in nine African countries. The current President is Ettore Gotti Tedeschi.