THE WHITE HOUSE

                     Office of the Press Secretary
                         (Camp David, Maryland)
________________________________________________________________________
For Immediate Release                                      July 24, 2000

PRESIDENT CLINTON NAMES MARGRETHE LUNDSAGER AS ALTERNATE U.S. EXECUTIVE

DIRECTOR AT THE INTERNATIONAL MONETARY FUND

President Clinton today announced his intent to nominate Margrethe Lundsager as Alternate U.S. Executive Director at the International Monetary Fund (IMF).

Ms. Margrethe Lundsager, of Alexandria, Virginia, is the Advisor to the U.S. Executive Director at the IMF. From 1996 to 2000, she served as the Deputy Assistant Secretary for Trade and Investment Policy at the U.S. Department of Treasury. Ms. Lundsager served as the Director of the Office of Middle East and Asian Nations from 1991 to 1995. Prior to that she served as Special Assistant to Treasury's Under Secretary for International Affairs and Assistant to the U.S. Executive Director at the IMF.

Ms. Lundsager received her B.A. from American University and her M.A. from the University of Maryland.

The International Monetary Fund is an international organization of 182 member countries. It was established in 1946 to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries under adequate safeguards to help ease balance of payments adjustment. Since its creation, the purpose of the IMF has remained unchanged, but its operations -- which involve surveillance, financial assistance, and technical assistance -- have evolved to meet the needs of a changing world economy.

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