New statutes for economic reform are in effect at the Vatican

VATICAN CITY
Catholic News Agency

By Andrea Gagliarducci

Vatican City, Mar 2, 2015 / 09:51 pm (CNA/EWTN News).- Statutes of the Vatican Council for Economy, Secretariat for the Economy, and General Auditor went into effect March 1, having been signed Feb. 22 by Msgr. Bryan Wells, assessor of the Secretariat of State.

The text of the statutes have not been released by the Holy See Press Office, but can be seen in the Vatican’s Courtyard of San Damaso, where they are displayed.

The statutes of the Secretariat for the Economy stressed over which Vatican bodies the Secretariat exercises its functions of financial control and oversight, and clarified its relations with the Council of the Economy.

The statutes of the Council for the Economy clarify functions and competences of the Council. Cardinal Wilfrid Napier of Durban, one of the members of the Council for the Economy, told CNA Feb. 13, “the Council for the Economy will be mostly entrusted with providing financial policies that the Secretariat for Economy will then foster.”

Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.