MANILA, Philippines — Pope Francis has named former Manila Archbishop Luis Antonio Cardinal Tagle as a member of an office in the Roman Curia that acts as the Vatican’s “central bank,” the Catholic Bishops’ Conference of the Philippines (CBCP) said Tuesday. Currently headed by Italian Bishop Nunzio Galantino, the office also administers payroll and operating expenses for Vatican City,” CBCP explained in a statement. Last May, Pope Francis elevated Tagle as a cardinal-bishop, the highest title that could be given to cardinals. “APSA has around a hundred employees and collaborators, and a commission of eight cardinals who work alongside the president,” CBCP said. “Pope Francis has recently brought under the control of APSA the financial investments and real estate holdings owned by the Secretariat of State — the central administration of the Vatican,” it added.

Source: Philippine Daily Inquirer February 23, 2021 09:08 UTC