News In Brief

Chilean President names two new key ministers

Chile's right-wing military President replaced his finance and economy ministers Monday, a move that officials, diplomats, and bankers agreed heralded a major change in economic policy.

In a live broadcast ceremony, Luis Escobar, economy minister from 1961 to 1963, took over from Carlos Caceres as finance minister, and Housing Minister Modesto Collados became economy minister in place of Andres Passicot.

Both new men favor a more active government role in the economy, financial sources said.

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