On 7 April 1963, the country changed its official name to the Socialist Federal Republic of Yugoslavia. Reforms encouraged private enterprise and greatly relaxed restrictions on freedom of speech and religious expression. Tito subsequently went on a tour of the Americas. In Chile, two government ministers resigned over his visit to that country. In the autumn of 1960 Tito met President Dwight D. Eisenhower at the United Nations General Assembly meeting. Tito and Eisenhower discussed a range of issues from arms control to economic development. When Eisenhower remarked that Yugoslavia's neutralism was "neutral on his side", Tito replied that neutralism did not imply passivity but meant "not taking sides".

When did Yugoslavia change its name to the Socialist Federal Republic of Yugoslavia?