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Office of the Press Secretary

For Immediate Release January 12, 1995
                         DEVELOPMENT BANK POST

     The President today announced his intention to nominate Lawrence

Harrington of Tennessee to be Alternate Executive Director of the Inter-American Development Bank.

Mr. Harrington is an attorney in private practice whose clients include non-profit organizations engaged in democracy and environmental projects in Latin America, as well as firms developing business in the region. In addition, Mr. Harrington has served as an election observer in El Salvador, in Paraguay, and in Suriname. In 1991, he also served as a consultant to the newly elected national congresses in El Salvador and Haiti, on behalf of the Consortium for Legislative Development.

Mr. Harrington earned a Bachelor of Arts degree from Middle Tennessee State University in 1974 and a Juris Doctor from the Vanderbilt University School of Law in 1979.

The Inter-American Development Bank was founded as an international financial institution to aid in the social and economic development of its member countries in Latin America and the Caribbean. The Bank's Fund is administered by the Board of Executive Directors of the Inter-American Development Bank, on which the United States of America is represented by an Executive Director and an Alternate Executive Director. The Board has been granted the authority to establish lending programs, approve the borrowing of funds by the institution, and to interpret the Bank's charter.