The pontiff has been working on a plan to give a total of $5.7 billion to charitable organizations.
The initiative will begin in 2020, according to a new statement from the Vatican.
It’s aimed at combating poverty and helping vulnerable people, including people with disabilities and those suffering from mental health conditions.
The plan will be rolled out in phases, with the first phase to target the elderly, according the statement.
It will then be rolled into the 2020-2025 plan, with a total investment of $7.5 billion.
The pope also plans to create a special fund that will help developing countries with their own challenges, as well as the needy.
The fund, called the Intergenerational Investment Fund, will help to fund the creation of a new generation of entrepreneurs and entrepreneurs’ investment projects.
The fund is not new.
It was first announced in 2013, but has been slowly implemented.
The first phase, which will target the oldest recipients, will be launched in 2018.
According to the statement, the fund will be created in partnership with companies, foundations, churches and religious organizations that will have an investment of at least 10 percent.
This means the plan will give away about $2 billion in investments annually, or about $3,000 per recipient.
“As we make a bold step forward, I want to give to the world a new vision and a new future,” Francis said in a statement.
While the plan has been announced by Francis, it’s not yet clear how many countries will be included in the plan.
The U.S. and Australia, for example, have already announced plans to make the money available to charity.