RIO DE JANEIRO (CNS) – Pope Francis has pledged a donation of almost $5 million to help pay part of the debt incurred by the Archdiocese of Rio de Janeiro for World Youth Day, said the Local Organizing Committee.

A statement from the committee said the pope recognized “the great effort made by the Local Organizing Committee to hold World Youth Day in Rio de Janeiro and demonstrated his intention to financially help pay off part of the investments made” for the event.

An independent audit of the event, conducted by Ernst & Young, confirmed that on Aug. 31, World Youth Day had an accumulated debt of $38.4 million. After renegotiating with suppliers and selling a property, the Archdiocese of Rio de Janeiro was able to reduce the debt to a little over $18 million.

World Youth Day was Pope Francis’ first international trip after being named pontiff. The event brought nearly three million pilgrims to Copacabana beach July 23-28.

An October through December public campaign to obtain donations to pay off the debt collected $336,600.