We publish below the full text of Pope Francis' Apostolic Letter issued Motu proprio, “Fidelis et dispensator Prudens”, and dated 24 February.
“Like a faithful and prudent manager who has the task of carefully looking
after what has been entrusted to him, the Church is aware of her responsibility
to protect and manage her assets, in the light of her mission of evangelisation
and with particular care for those in need. In a special way, the management of
the economic and financial sectors of the Holy See is intimately linked to its
specific mission, not only in the service of the universal ministry of the Holy
Father, but also in relation to the common good, with a view to the full
development of the human person.
After having carefully consulted the results of the work of the Commission
for Reference on the the Organisation of the Economic-Administrative Structure
of the Holy See (cf. Chirograph of 18 July 2013), and after consultation with
the Council of Cardinals for the reform of the Apostolic Constitution 'Pastor
Bonus' and with the Council of Cardinals for the study of economic and
administrative problems of the Holy See, by this Apostolic Letter issued Motu
proprio, I adopt the following measures:
COUNCIL FOR THE ECONOMY
1. The Council for the Economy is hereby instituted, with the task of
offering guidance on economic management and supervising the structures and the
administrative and financial activities of the Dicasteries of the Roman Curia,
of the Institutions connected to the Holy See, and of Vatican City State.
2. The Council for the Economy is composed of fifteen members, eight of whom
are nominated from among the Cardinals and Bishops in order to reflect the
universality of the Church, and seven of whom are lay experts of various
nationalities, with recognised professional financial competences.
3. The Council for the Economy shall be presided over by a Cardinal
SECRETARIAT FOR THE ECONOMY
4. The Secretariat for the Economy is hereby instituted, as a Dicastery of
the Roman Curia in accordance with the Apostolic Constitution 'Pastor
5. Notwithstanding the provisions for the Council for the Economy, the
Secretariat will report directly to the Holy Father and will undertake the
economic audit and supervision of the Bodies indicated in point 1 above, along
with the policies and procedures regarding procurement and the allocation of
human resources, respecting the competences of each Body. The competence of the
Secretariat will extend to all matters that in any way fall within this
6. The Secretariat for the Economy shall be presided over by a Cardinal
Prefect, who shall collaborate with the Secretary of State. A Prelate Secretary
General will assist the Cardinal Prefect.
7. The Auditor-General shall be appointed by the Holy Father and shall
prepare the audit of the accounts of the Bodies referred to in point 1.
8. The Cardinal Prefect shall be responsible for drawing up the definitive
Statues of the Council for the Economy, the Secretariat for the Economy, and the
Office of the Auditor-General. The Statutes shall be presented quam primum for
approval by the Holy Father.
I dispose that all that is established herein have immediate, full and
permanent value, abrogating any incompatible measures, and that the present
Apostolic Letter issued Motu proprio be published in the Osservatore Romano of
24 February 2014 and subsequently in the Acta Apostolicae Sedis.
Given in Rome, St. Peter's, on 24 February of the year 2014, the first of my