Foreign relations of the Holy See treaties. Traditionally, an agreement on religious matters between the Holy See of the Catholic Church and a sovereign state is called a concordat. This often includes both recognition and privileges for the Catholic Church in a particular country, such as exemptions from certain legal matters and processes, issues such as taxation, as well as the right of a state to influence the selection of bishops within its territory. Foreign relations of the Holy See The Holy See has long been recognised as a subject of international law and as an active participant in international relations. One observer has said that
Prefecture for the Economic Affairs of the Holy See Prefecture for the Economic Affairs of the Holy See The Prefecture for the Economic Affairs of the Holy See was an "office" (a technical category of dicastery) of the Roman Curia, erected on 15 August 1967, and entrusted with overseeing all the offices of the Holy See that manage finances, regardless of their degree of autonomy. The prefecture did not manage finances itself, but instead audited the balance sheets and budgets of the offices that do. It then prepared and published annually a general financial report. It had to be consulted on all projects of major importance undertaken by the