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Press Release

MIGA Welcomes its New Vice President of Guarantees

MIGA Welcomes its New Vice President of Guarantees

Washington, D.C., February 5, 1998 — The Multilateral Investment Guarantee Agency (MIGA) welcomes its new Vice President of Guarantees, Mr. Roger Pruneau, a Canadian national, who joins the Agency today.

Prior to joining MIGA, Mr. Pruneau served as Executive Vice President and Chief Financial Officer of the Export Development Corporation (EDC), Canada's Export Credit Agency.

Mr. Pruneau began his career in 1974 as an economist in the Fiscal Policy Division of Canada's Department of Finance, and subsequently served as Director of the Anti-Inflation Board and the Treasury Board Secretariat.

In 1980, Mr. Pruneau joined the Government of Quebec as General Manager and Assistant Deputy Minister in the Financial and Fiscal Operations Branch of the Department of Finance. Mr. Pruneau completed seven years of distinguished service in the Quebec government during which he held several high positions, including Secretary of the Ministerial Committee on Economic Development and Deputy Minister of the Department of External Trade and Technology.

Mr. Pruneau joined EDC in 1987. He served as Senior Vice President of Marketing, of Insurance, and of Financial Services. In 1995 he was appointed Executive Vice President and Chief Financial Officer of EDC, as well as Vice President, Finance, of Exinvest, Inc., a wholly-owned subsidiary of EDC. He also represented EDC at the Berne Union, which comprises 24 investment insurers including MIGA.

Mr. Pruneau will address a seminar for insurance brokers in London on March 12, 1998. The seminar is part of a three-week program organized by MIGA to enable other investment insurers, private investors, and brokers in London to meet with the Agency's staff.