Inter-American Development Bank - Nomination of Ralph A. Dungan To Be United States Executive Director and E. Jay Finkel To Be Alternate U.S. Executive Director

The President today announced that he will nominate Ralph A. Dungan and E. Jay Finkel to be United States Executive Director and Alternate U.S. Executive Director, respectively, of the Inter-American Development Bank.

Dungan, of Princeton, N.J., is chancellor of higher education for the State of New Jersey.

He was born on April 22, 1923, in Philadelphia, Pa. He received a B.S. from St. Joseph's College in 1950 and an M.P.A. from Princeton University in 1952. He served in the U.S. Navy from 1942 to 1945.

From 1952 to 1957, Dungan worked in the U.S. Bureau of the Budget as assistant to the Director and an analyst in the legislative reference and international divisions. In 1957 and 1958, he was legislative assistant to then Senator John F. Kennedy.

From 1958 to 1961, Dungan was on the staff of the Senate Committee on Labor and Public Welfare. From 1961 to 1963, he served as Special Assistant to President John F. Kennedy.

In 1963 and 1964, Dungan was Special Assistant to President Lyndon B. Johnson. He served as U.S. Ambassador to Chile from 1964 until 1967, when he became New Jersey chancellor of higher education.

Dungan is a member of the Council on on Foreign Relations and the Public Service Advisory Board of the American Federation of State, County and Municipal Employees.

Finkel, of Washington, D.C., is assistant executive secretary of the World Bank/International Monetary Fund Development Committee.

He was born on June 21, 1931, in Philadelphia, Pa. He received a B.A. from Swarthmore College and M.A. and J.D. degrees from George Washington University.

Finkel worked in the Treasury Department in positions dealing with international financial affairs from 1952 to 1974, except between 1955 and 1958 when he was in active military service.

From 1952 to 1958, Finkel was an economist in the British Commonwealth and Middle East Division at Treasury. From 1958 to 1962, he was assistant to the senior financial adviser in the Office of International Finance, and from 1962 to 1963 he was executive secretary in the Office of International Affairs.

From 1963 to 1967, Finkel was Deputy Director of the Office of International Financial Policy Coordination and Operation at Treasury, and from 1967 to 1970 he was Director of the Office of Latin America there. He was Director of the Multilateral Institutions Program Office from 1970 to 1974, and Director of Developing Nations Finance in 1974 and 1975.

Finkel left Treasury in 1975 to become assistant executive secretary of the World Bank/IMF Development Committee, a joint ministerial-level committee of the World Bank and IMF dealing with the transfer of real resources to developing countries. He served as representative to the Conference on International Economic Cooperation in Paris in 1976, and to the African and Asian Development Bank annual meetings in 1975-76.