Thursday, June 12, 2008

Chavez mum on new Venezuelan finance minister

President Hugo Chavez left Venezuela in the dark about his new finance minister, failing to name his pick during an hours-long speech late on Wednesday, which he had said he would use to announce his choice. The El Nacional newspaper reported before the economic speech the leftist had selected a low-profile central bank director, Jose Rivas, to replace Rafael Isea, who will leave the post to run for regional elected office later this year. A senior official familiar with the decision-making had also told Reuters that earlier this week it appeared highly likely Rivas would receive the nod, but Chavez's silence raised doubts over who his economy chief -- the ninth since 1999 -- will be. Last week, economists had focused on two former finance ministers, Nelson Merentes and Jose Rojas.



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