Vatican City, 8 March 2014 (VIS) – “Cardinals Cipriani Thorne, Napier, Rivera Carrera, Tong Hon, and Vallini, along with Cardinal Pell, new Prefect of the Secretariat for the Economy, were previously all members of the Council for the Study of Organizational and Economic Problems of the Holy See (Council of 15), which has ceased to exist. Cardinal Marx and Cardinal Pell, as is known, are both members of the Council of Cardinals for the reform of the Apostolic Constitution Pastor bonus, and for assisting the Holy Father in the governance of the universal Church (Council of 8).
“The relations between the Council and the Secretariat for the Economy will be defined by the statutes, and in any case the Council is to be understood as a body with its own decision-making authority, not merely an advisory organ of the Secretariat for the Economy.
“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. The laypersons, selected on the basis of their professional experience and capacity, will become voting members of a dicastery, one of the governing organs of the Roman Curia. The lay members will work on an entirely voluntary and pro bono basis, and shall receive compensation only for travel and lodgings in Rome.
“The constitution of the Council for the Economy is a key step towards the consolidation of the current management structures of the Holy See, with the aim of improving coordination and oversight of economic and administrative matters. The institutions of the Holy See related to these matters will depend on the Council. The latter will adopt practical measures used by other public organisations and shall aim at greater transparency and appropriate management.
“The Council will begin work immediately, and its first meeting is scheduled for May”.