Zeder sails in
p. 16 · Read in the full issue
AMBASSADOR Fred Zeder, President Bush’s nominee to head a United States development agency, was confirmed unanimously by the U.S. Senate for the job in question. Zeder was criticised by some for his alleged role in connection with Palau’s purchase of an expensive generating plant. But he sailed through both Senate Committee and full Senate consideration without a voice being raised against his appointment.
This was the case despite Zeder’s staunch Republican ties, and despite the fact that the Democrat-dominated Senate
has been adamantly opposed to other Republican nominees, such as John Tow er, the former Texas Senator first chosen by Bush to be the US Secretary of Defence.
Zeder served as the Reagan Adminis tration’s envoy in the status negotiations with the Federated States of Micronesia, the Republic of the Marshall Islands and the Republic of Palau. An old friend of the President, his new post is President and Chief Executive Officer of the Over seas Private Investment Council (OPIC).
OPIC is a US Government agency which encourages and guarantees private in vestments in the Pacific and elsewhere.^