Vatican City, Jul 15, 2021 / 09:00 am. Members of the Vatican’s Council for the Economy met in person on Wednesday and Thursday to discuss the Holy See’s final balance for 2020 and its investment policy.
The July 14-15 meeting was the first time that the body has met face-to-face since Pope Francis nominated six women to the body overseeing Vatican finances and the work of the Secretariat for the Economy.
“The subject of the meeting was the approval of the final balance for 2020 of the Holy See, presented by [Fr. Juan Antonio Guerrero Alves] the Prefect of the SPE [Secretariat for the Economy], and a reflection on the Holy See’s investment policy, moderated by Dr. Eva Castillo Sanz,” said the Holy See in a July 15 statement.
Eva Castillo Sanz, a former president of Merrill Lynch Spain and Portugal, was one of the new members appointed in August 2020.
Previously, the members of the economy council, established by Pope Francis in 2014, had consisted of eight cardinals, six laymen, and a priest secretary.
The Council for the Economy met online in February to discuss the details of the annual budget for 2021.
The coronavirus crisis has increased the pressure on the Vatican’s already tight budget, with the Vatican Museums, a major source of income, forced to close for more than 24 weeks to prevent the spread of the virus.
Among those attending this week’s meeting in person were the council’s president Cardinal Reinhard Marx, its secretary, Msgr. Brian Ferme, as well as Cardinal Péter Erdő, Cardinal Joseph Tobin, Cardinal Anders Arborelius, and Archbishop Giuseppe Petrocchi.
Also present were Charlotte Kreuter-Kirchhof, Eva Castillo Sanz, Marija Kolak, Alberto Minali, and María Concepción Osákar Garaicoechea.
Vatican Secretary of State Cardinal Pietro Parolin, Fr. Guerrero, and Auditor General Alessandro Cassinis Righini were also in attendance.
Connecting remotely from their home countries were Cardinal Wilfrid Napier, Cardinal Odilo Pedro Scherer, Archbishop Gérald Lacroix, Leslie Jane Ferrar, and Ruth Kelly.
The Holy See press office said that Marx celebrated Mass for those present at the Vatican on the evening of July 14.
The Council for the Economy will hold its next assembly in September.
Having been unable to sell in churches for well over a year due to the pandemic, we are now inviting readers to support the Herald by investing in our future. We have been a bold and influential voice in the church since 1888, standing up for traditional Catholic culture and values.
Please join us on our 130 year mission by supporting us. We are raising £250,000 to safeguard the Herald as a world-leading voice in Catholic journalism and teaching. For more information from our chairman on contributing to the Herald Patron's Fund, click here
Make a Donation
Donors giving £500 or more will automatically become sponsor patrons of the Herald. This includes two complimentary print/digital gift subscriptions, invitations to Patron events, pilgrimages and dinners, and 6 gift subscriptions sent to priests, seminaries, Catholic schools, religious care homes and prison and university chaplaincies. Click here for more information on becoming a Patron Sponsor. Click here for more information about contributing to the Herald Patron's Fund