The agreement comes as Brazil faces growing criticism over its slow preparations for the 2014 World Cup and gears up to host the 2016 Rio de Janeiro Olympics. Another tournament inbetween was deemed too much.
"I'm just back from Brazil where we decided to switch the dates," Sergio Jadue told a news conference. "In 2015 the Copa will be in our country and in 2019 it will be in Brazil."
Ten South American nations now alphabetically rotate hosting the Copa America. Chile has not held the tournament since 1991.
Uruguay beat Paraguay 3-0 to win the Copa America in Argentina last year.
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