Pinera Taps Larrain for Finance Ministry

Chilean president-elect Sebastian Pinera has named Harvard-educated economist Felipe Larrain finance minister, according to local press reports. Larrain, an economics professor at the Pontificia Universidad Catolica de Chile and member of the board of several companies in Chile, advised Pinera on economics during the campaign process. University of Chicago-trained economist Juan Andres Fontaine, currently the chairman of the board at the Bolsa Electronica de Chile, was named Economy Minister. The new administration takes office March 11.