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THE WHITE HOUSE

Office of the Press Secretary


For Immediate Release October 30, 1996
      PRESIDENT CLINTON NAMES BERNARD E. ANDERSON AS MEMBER OF THE 
       OVERSEAS PRIVATE INVESTMENT CORPORATION BOARD OF DIRECTORS

President Clinton today announced his intent to appoint Dr. Bernard E. Anderson of Philadelphia, Pennsylvania, to the Overseas Private Investment Corporation (OPIC) Board of Directors.

Dr. Anderson is currently the Assistant Secretary for the Employment Standards Administration at the Department of Labor. He is responsible for the Wage and Hour Division, the Office of Federal Contract Compliance Programs, the Office of Workers Compensation, and the Office of Labor Management Services. Prior to his appointment at the Department of Labor, Dr. Anderson was President of the Anderson Group, an economic and management advisory firm in Philadelphia, Pennsylvania. He was formerly a member of the tenured faculty at the Wharton School of Finance and Commerce at the University of Pennsylvania; Lecturer at Swarthmore College in Swarthmore, Pennsylvania; the Director of the Social Sciences Division of the Rockefeller Foundation; and a Visiting Fellow in Public and International Affairs, Woodrow Wilson School at Princeton University. Dr. Anderson has written five books and numerous articles on labor policy, employment and wage determination. He is a member of the American Economic Association and a former president of the National Economic Association.

Dr. Anderson earned a Bachelor of Arts in Economics from Livingstone College in Salisbury, North Carolina, a Master of Arts in Economics from Michigan State University in East Lansing, Michigan, and a Doctorate in Business and Applied Economics from the University of Pennsylvania.

OPIC's purpose is to promote economic growth in developing countries by encouraging U.S. private investment in those nations. The Board of Directors for the OPIC is comprised of fifteen directors who have backgrounds in business and economics, and who oversee OPIC's underwriting and lending policies.

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