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Pope names Cardinal DiNardo, lay experts
to new Council for the Economy

Catholic News Service

VATICAN CITY (CNS) -- Pope Francis appointed an international group of eight cardinals -- including U.S. Cardinal Daniel N. DiNardo of Galveston-Houston -- and seven lay experts in the fields of business, management and finance to be the first members of the Vatican's new Council for the Economy.

The new Council for the Economy was established Feb. 24 by Pope Francis to consider the policies and practices of the Holy See and devise appropriate policies and best practices. The members were announced March 8.

The council is an independent "authority for policy decisions and not merely an advisory organ" to the new Secretariat for the Economy, which will have authority over all economic and administrative activities within the Holy See and Vatican City State, the Vatican announcement said.

The pope established the council and the secretariat as part of efforts to simplify, consolidate coordinate and oversee management structures throughout the Vatican and to improve the governance, control and reporting of the financial activities of the Vatican's different offices and bodies.

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