Pope Leo XIV, formerly Bishop Robert Prevost of Peru, faces the Holy See's significant financial challenges: a €50-60 million structural deficit, a €1 billion pension shortfall, and declining donations. His background as a math major and financial administrator offers hope for reform. His American heritage is seen as boosting confidence among US donors, historically crucial to the Vatican's finances. While Pope Francis initiated reforms, some remain unfinished, leaving a considerable deficit. Pope Leo's experience in resource management and fundraising in Peru, coupled with his financial acumen, suggests a potential solution to the Vatican's financial crisis.

Prepared by Emily Rhodes and reviewed by editorial team.