Pope Francis appoints Cardinal Tagle as member of Vatican central bank

Pope Francis appointed two of his closest allies from the developing world, including Cardinal Luis Antonio Tagle of the Philippines, as members of the powerful body that acts as the Vatican’s central bank.

The Vatican announced the appointment of Tagle and Cardinal Peter Turkson of Ghana as members of the Administration of the Patrimony of the Holy See.

Tagle, former archbishop of Manila, is prefect of the Congregation for the Evangelization of Peoples.

Both have been touted as potential successors of Francis. Their appointments come as the Pope continues to reform the scandal-ridden finances of the Vatican.

The APSA is the Vatican department “responsible for administering the real estate and movable assets owned by the Holy See,” to fund the Vatican bureacuracy.

In May, the first Jesuit pontiff also broke tradition to raise Tagle to the rank of “cardinal-bishop,” making him the highest-ranking Filipino bishop in history.

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