President Clinton Names Miguel D. Lausell as a Member of the Overseas Private Investment Corporation (7/22/00)

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President Clinton Names Miguel D. Lausell as a Member of the Overseas Private Investment Corporation (7/22/00)

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                              THE WHITE HOUSE

                       Office of the Press Secretary
                             (Okinawa, Japan)

      _______________________________________________________________
For Immediate Release                                     July 22, 2000


   PRESIDENT CLINTON NAMES MIGUEL D. LAUSELL AS A MEMBER OF THE OVERSEAS
                      PRIVATE INVESTMENT CORPORATION


     The President yesterday nominated Miguel D. Lausell as a member of the
Overseas Private Investment Corporation.

     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 served as 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.

     The Overseas Private Investment Corporation (OPIC) assists U.S.
investors in making profitable investments in developing countries.  The
Corporation accomplishes this mission by offering assistance in identifying
investment opportunities, providing insurance to protect investments, and
offering loans and loan guarantees to help finance projects.  The Board of
Directors meets four to five times a year in order to oversee the
Corporation?s underwriting and lending policies.  The Corporation
participates in projects which total $7 billion annually and which have
generated more than $24 billion in U.S. exports.

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