Pope appoints Tagle to group controlling Vatican funds

Cardinal Luis Antonio Tagle will keep a different post in the Vatican in addition to his function as Prefect of the Congregation for the Evangelization of Peoples.

In accordance to the Catholic Bishops’ Conference of the Philippines (CBCP) information web site, Pope Francis on Monday appointed the Philippine cardinal a member of the Apostolic See’s Heritage Administration (APSA), which runs the Vatican’s central financial institution.

The bureau functions as the equivalent of a treasury and also oversees true estate holdings and other governing administration property. It also manages the payroll and operating expenses for Vatican Metropolis.

The APSA is at the moment headed by Bishop Nunzio Galantino of Italy, with a hundred team and collaborators and a fee of eight cardinals.

Pope Francis lately introduced the money investments and authentic estate holdings of the Secretariat of Point out – the central administration of the Vatican – beneath the manage of the APSA.

Also appointed to the panel was Cardinal Peter Kodwo Appiah Turkson, Prefect of the Dicastery for Advertising Integral Human Growth.

Tagle took up his present-day placement in February 2020. Three months later, the Holy Father elevated him to the buy of “Cardinal Bishops”, the best rank within the University of Cardinals.

The dean of cardinals is elected from between the cardinal bishops. The dean presides around the conclave in the function of a “sede vacante,” a period when there is no pope.

In July 2020 he was also appointed a member of the Pontifical Council for Interreligious Dialogue.

Tagle is also President of Caritas Internationalis, a confederation of Catholic charities around the environment. He is serving his 2nd and closing phrase.

News Gaffer