THE WHITE HOUSE
Office of the Press Secretary
For Immediate Release December 22, 2000
PRESIDENT CLINTON NAMES MIGUEL D. LAUSELL AS A MEMBER
OF THE OVERSEAS PRIVATE INVESTMENT CORPORATION
President Clinton today announced the recess appointment of Miguel D.
Lausell to serve as a member of the Overseas Private Investment Corporation
(OPIC). Mr. Lausell was nominated to the Senate on July 20, 2000.
Mr. Miguel D. Lausell, of San Juan, Puerto Rico, is an attorney and
has served as a public affairs consultant since 1986. He is currently the
policy, development and economic advisor to the Telecommunications Advanced
Systems Corporation and has served as President and CEO of the Puerto Rico
Telephone Company. Mr. Lausell was appointed by the Governor of the
Commonwealth of Puerto Rico as a member of the Economic Strategy Council,
and was President of the Export Policy Commission from 1990 to 1992.
Mr. Lausell received an A.B. from Villanova University, a LL.B. from
the University of Puerto Rico and a LL.M. from Harvard Law School.
OPIC assists U.S. investors in making profitable investments in
developing countries. OPIC offers assistance by identifying investment
opportunities, providing insurance to protect investments, and in offering
loans and loan guarantees to help finance projects. OPIC participates in
projects, which total $7 billion annually and have generated more than $24
billion in U.S. exports. The Board of Directors oversees the OPIC?s
underwriting and lending policies.