Fundamental Agreement Between the Holy See and the State of Israel Fundamental Agreement Between the Holy See and the State of Israel The Fundamental Agreement between the Holy See and the State of Israel or "Fundamental Accord" is a treaty or concordat between the Holy See and the State of Israel, signed on 30 December 1993. The Agreement deals with the property rights and tax exemptions of the Roman Catholic Church within Israeli territory. It did not resolve all issues, and the parties continue to meet in an attempt to resolve the issues outstanding. As a result of the Agreement, diplomatic relations between the Holy See and Israel were established in
Prefecture for the Economic Affairs of the Holy See offices in question. The Vatican Bank, which does not manage property of the Holy See, was not overseen by the Prefecture. This prefecture was also distinct from the Administration of the Patrimony of the Apostolic See, which was formed from the merger of the Administration of the Property of the Holy See and the Special Administration 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