Vatican City, Aug 6, 2020 / 05:49 am America/Denver (CNA).
Pope Francis on Thursday named 13 new members to the Council for the Economy, which oversees Vatican finances and the work of the Secretariat for the Economy.
Among the six women and one man appointed as new members of the Vatican’s top financial oversight body, are high-level experts in banking, finance, asset management, and international law from Spain, Italy, and Germany, as well as a former member of the British cabinet.
The Council for the Economy was established by Pope Francis in 2014 as part of his program of financial reform. According to its statutes, the body “supervises the administrative and financial structures and activities” of the Roman Curia, institutions of the Holy See, and Vatican City State.
Previously, the members of the economy council, overseen since its creation by Cardinal Reinhard Marx, consisted of eight cardinals, six laymen, and a priest secretary.
The cardinals newly named to the council by Pope Francis are Joseph Tobin, Archbishop of Newark; Anders Arborelius, Bishop of Stockholm; Peter Erdo, Archbishop of Esztergom-Budapest; Odilo Pedro Scherer, Archbishop of Sao Paulo; Gerald Cyprien Lacroix, Archbishop of Quebec; and Giuseppe Petrocchi, Archbishop of L’Aquila.