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.