Institute for Religious Works

The Institute for Religious Works, commonly known as the Vatican Bank, is a financial institution that manages assets and finances for the Holy See and related Catholic entities. Its role includes handling donations, investments, and funding for church activities worldwide. Established to support the administrative and charitable functions of the Vatican, it operates with a degree of independence while adhering to religious and legal standards. The institution is often in the public eye due to its unique status and past involvement in financial scandals, prompting ongoing efforts toward transparency and regulation within the Catholic Church's financial operations.