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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release June 27, 1997

PRESIDENT CLINTON NAMES DAVID A. LIPTON TO BE UNDER SECRETARY FOR INTERNATIONAL AFFAIRS AT THE DEPARTMENT OF THE TREASURY

President Clinton today announced his intent to nominate David A. Lipton to be Under Secretary for International Affairs at the Department of the Treasury.

Mr. Lipton, of New York, currently serves as Assistant Secretary for International Affairs at the Department of the Treasury. In this role, Mr. Lipton focuses on international and economic policy coordination, economic and financial relations with both industrialized and developing countries, foreign investment in the United States, and U. S. Policy concerning multilateral development banks. Prior to this position, Mr. Lipton served as Deputy Assistant Secretary for Eastern Europe and the former Soviet Union. Before joining the Clinton administration in 1993, Mr. Lipton was a Fellow at the Woodrow Wilson Center for Scholars. From 1989 until 1992, Mr. Lipton was an economic advisor to the governments of Russia, Poland and Slovenia, while at the United Nations Development Program and the World Institute for Development Economics Research. Mr. Lipton was an economist at the International Monetary Fund from 1981 until 1989. Mr. Lipton received a B.A. in Economics from Wesleyan University and both an M.A. and a Ph.D. in Economics from Harvard University.

As Under Secretary for International Affairs, Mr. Lipton will advise and assist the Secretary and the Deputy Secretary on all aspects of international economic policy. Mr. Lipton's responsibilities will also include development and management of policies in the areas of international finance, economics, monetary, trade, investment, environment, debt and energy programs and issues.

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