The World - News from Jan. 15, 1989
Venezuelan President-elect Carlos Andres Perez announced his new Cabinet, placing most key economic posts in the hands of technocrats, some of them American-trained, rather than party regulars. Perez, who takes office Feb. 2, has promised to reverse the decline in living standards in South America’s richest country, brought on by falling oil prices. He has also promised to take a harder stance on repaying Venezuela’s $32 billion in foreign debt.
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