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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release January 29, 1998

PRESIDENT CLINTON NAMES STUART E. EIZENSTAT AS ALTERNATE GOVERNOR FOR THE WORLD BANK, THE INTER-AMERICAN DEVELOPMENT BANK,

        THE ASIAN DEVELOPMENT BANK, THE AFRICAN DEVELOPMENT BANK, 
         THE AFRICAN DEVELOPMENT FUND AND THE EUROPEAN BANK FOR 
                     RECONSTRUCTION AND DEVELOPMENT

The President today announced his intent to nominate Stuart E. Eizenstat to be Alternate Governor for the World Bank, the Inter-American Development Bank, the Asian Development Bank, the African Development Bank, the African Development Fund and the European Bank for Reconstruction and Development.

Ambassador Stuart E. Eizenstat, of Chevy Chase, Maryland, is currently Under Secretary for Economic, Business and Agricultural Affairs at the Department of State. Ambassador Eizenstat's distinguished career in government began during his university years when he spent three summers working as an intern for both the legislative and executive branches of the Federal Government. From 1967 to 1968, he served as a White House staff aide under President Johnson. From 1968 to 1969, he was a law clerk to U.S. District Court Judge Newell Edenfield in the Northern District of Georgia. In 1970, he joined the Atlanta law firm of Powell, Goldstein, Frazer & Murphy where he worked for six years. Until 1993, he was head of the Washington office and Vice Chairman of the entire firm. From 1977 to 1981, he served as President Carter's chief domestic policy advisor in the White House. In 1993, Ambassador Eizenstat was appointed by President Clinton as U.S. Ambassador to the European Union in Brussels where he served until 1996, when he was appointed Under Secretary of Commerce for International Trade. He has been Under Secretary of State since June 1997.

Ambassador Eizenstat received his A.B. from the University of North Carolina in 1964, and his L.L.B. from Harvard Law School in 1967. He taught as an Adjunct Lecturer at the JFK School of Government at Harvard University from 1981 to 1992. He is the recipient of numerous awards and an honorary doctorate from the Yeshiva University.

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