Leocadia I. Zak
Encyclopedia
Leocadia Irine Zak serves as the Director of the U.S. Trade and Development Agency where she leads an agency dedicated to encouraging economic growth in emerging markets and the export of U.S. goods and services to those markets. After being nominated by President Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

 in November 2009, Zak was confirmed by the U.S. Senate on March 10, 2010.

Background

Leocadia I. Zak has served as Acting Director of the U.S. Trade and Development Agency since January 20, 2009 and before that was the General Counsel (2000–2006) and Deputy Director (2006–2009) of USTDA.

Prior to joining USTDA, Zak was a partner in the Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

 and Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

 offices of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. practicing in the areas of corporate, municipal and international finance. She served as counsel in connection with a variety of finance transactions for energy, transportation, health care, telecommunications and tourism projects.

Zak was also an Adjunct Professor of Law and has taught International Project Finance at the Boston University School of Law
Boston University School of Law
Boston University School of Law is the law school affiliated with Boston University, and is ranked #22 among American law schools by US News and World Report magazine. It is the second-oldest law school in Massachusetts and one of the first law schools in the country to admit students regardless...

, Morin Center for Banking and Financial Law Studies and at the Georgetown University Law Center
Georgetown University Law Center
Georgetown University Law Center is the law school of Georgetown University, located in Washington, D.C.. Established in 1870, the Law Center offers J.D., LL.M., and S.J.D. degrees in law...

.

Zak received her B.A. from Mount Holyoke College
Mount Holyoke College
Mount Holyoke College is a liberal arts college for women in South Hadley, Massachusetts. It was the first member of the Seven Sisters colleges, and served as a model for some of the others...

 and her J.D. from Northeastern University School of Law
Northeastern University School of Law
Northeastern University School of Law is a law school in Boston, Massachusetts. From the time of its founding in 1898, the law school's mission has focused on addressing the needs of students and of society....

.

Views

Zak maintains specific views on a variety of development issues given her worldwide responsibilities to providing foreign assistance to emerging economies around the world.

On a visit to Jakarta in March 2010, Zak responded to concerns over U.S. – Indonesia relations that clean energy deployment will foster inclusive economic development in Indonesia.

She wrote in Airport Consulting that the economic downturn has prompted many U.S. firms to consider expansion opportunities abroad as a means to deal with the contraction of the U.S. market.

In testimony before the House Committee on Foreign Affairs, Subcommittee on Africa and Global Health and the Committee on Energy and Commerce, Subcommittee on Commerce, Trade and Consumer Protection on June 24, 2009, Zak said that the exploration of new markets are a vital element for stimulating the U.S. economy and that African development and trade must be a priority.
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