The Pope has announced the names of eight cardinals and seven lay experts from around the world chosen to serve in the newly-created Vatican Council for the Economy, reports the Catholic News Service.
'The members appointed to the Council are from various geographical areas, reflecting, as requested by the motu proprio Fidelis dispensator et prudens, the universality of the Church,' explained Fr Lombardi, SJ, director of Holy See’s Press office, in a statement released on March 8.
The Council for the Economy, headed by Cardinal George Pell of Sydney, Australia was created by Pope Francis on February 24 in order to provide oversight, evaluation, and advice on Vatican economic affairs: its membership includes representation from Europe, Asia, and North and South America in addition to Australia.
Cardinal Reinhard Marx, Archbishop of Munich and Freising, Germany, has been chosen as the Coordinator of the Council for the Economy. Along with Cardinal Pell, he also serves on the council of eight cardinals set up by Pope Francis in 2013 to offer consideration and advice on the governing structures of the Church and possible reforms of the curia.
Cardinal Daniel DiNardo, who has served as the Archbishop of Galveston-Houston since 2006, was the only American to be appointed to the Council.
He is joined by joined by Cardinals Wilfrid Fox Napier of Durban, South Africa; Rivera Carrera of Mexico City, Juan Luis Cipriani Thorne of Lima; Jean-Pierre Ricard of Bordeaux; John Tong Hon of Hong Kong; and Agostino Vallini of Rome.
The council’s lay membership includes experts in financial matters from various parts of the globe, including Europe, Canada, and Singapore.