VATICAN CITY
Catholic Culture
Pope Francis has named the 15 members of the Council for the Economy, a new body whose creation he announced in his recent motu proprio Fidelis et Dispensator Prudens.
The Council for the Economy, according to the document, is entrusted with the task of “supervising economic management and supervising the structures and the administrative and financial activities of the dicasteries of the Roman Curia, of the institutions connected to the Holy See, and of Vatican City State.”
Pope Francis has named Cardinal Reinhard Marx of Munich and Freising as the coordinator of the Council. Cardinal Marx is among the eight prelates who serve on the Council of Cardinals, which assists the Pope in the governance of the universal Church and in the reform of the Roman Curia.
Other prelates who will serve on the Council for the Economy are Cardinal Daniel DiNardo of Galveston-Houston; Cardinal Wilfrid Fox Napier of Durban, South Africa; Cardinal Norberto Rivera Carrera of Mexico City; Cardinal Juan Luis Cipriani Thorne of Lima; Cardinal Jean-Pierre Ricard of Bordeaux, France; Cardinal John Tong Hon of Hong Kong; and Cardinal Agostino Vallini, vicar general of Rome. The latter six prelates served on the 15-member Council of Cardinals for the Study of Economic and Administrative Problems of the Holy See, which no longer exists.
Pope Francis also appointed seven lay members of the new Council for the Economy:
Joseph F.X. Zahra, former director of the Central Bank of Malta
Jean-Baptiste de Franssu, former president of the European Fund and Asset Management Association
John F. Kyle, retired vice president of Imperial Oil Limited in Canada
Enrique Llano Cueto, an economist from the University of Madrid
Jochen Messemer, former partner of McKinsey & Company and board chairman of Ergo International Ltd.
Francesco Vermiglio, professor of business administration at the University of Messina
George Yeo, who has served as Singapore’s Minister of State for Finance
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