Church has recognized its “institutional responsibility” and decided to go “on a path of recognition and reparation that paves the way for victims to get the possibility of a mediation and a compensation," says head of French Bishops' Conference.

France’s Catholic Church announced on Monday that it would financially compensate sex abuse victims by selling property assets or taking out a loan if needed, AP reports.

French bishops said in a written statement they will set up an “independent, national body” tasked with addressing compensation issues. They committed to allocating money to a specific fund “in order to compensate victims,” notably by selling property or through a potential loan.

They also called on Pope Francis to send “a team of visitors” to assess the church’s response regarding child protection.

Eric de Moulins-Beaufort, President of the Bishops’ Conference, hailed a “decisive step” in a speech.

He stressed that the Church has recognized its “institutional responsibility” and decided to go “on a path of recognition and reparation that paves the way for victims to get the possibility of a mediation and a compensation.”

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