A Kenyan has been appointed to head the International Monetary Fund
Ceda Ogada has been named as the Fund Secretary and Director of the Secretary’s Department.
According to a statement by the IMF on Wednesday, IMF Managing Director Kristalina Georgieva made the appointment.
Ogada succeeds Jianhai Lin, a Chinese economist and first-ever Secretary of the IMF from China, who has retired.
He is expected to begin his work in this capacity on September 1, 2020.
“I am pleased to announce my intention to name Ceda Ogada as Secretary of the IMF and Director of the Secretary’s Department. His outstanding institutional knowledge and people leadership will help the Fund to even more effectively serve its member countries.”
“Ceda has outstanding institutional knowledge, strategic and intellectual heft, and people leadership. His unparalleled ability to bring people together, combined with his profound appreciation of the Fund’s institutional history and legal principles, as well as a strong service orientation, will help the Fund to even more effectively serve our member countries in a very challenging economic environment,” Georgieva stated.
Ogada joined the IMF’s Legal Department in 1999 and rose through the ranks to become Deputy General Counsel in 2014.
“During this time, he has worked on virtually all aspects of the Fund’s work, including advising on the governance of the Fund, on country operations, helping to develop Fund policies and implementation guidance, and providing technical assistance to member countries,” IMF said.
Key projects that he has worked on include the Fund’s enhanced policy to address governance and corruption issues; ensuring the adequacy of the Fund’s lending resources; reforms in lending policy such as the establishment of the Flexible Credit Line (FCL) and the Catastrophe Containment and Relief Trust (CCRT); reviews on surveillance policy and capacity development strategy; and transparency, archives and communications policies.
Ogada was heavily involved in the work on euro area crisis countries during the global financial crisis. More recently, he has led the Legal Department’s work in promoting good governance and transparency in several countries, including with respect to the use of emergency financing for the Covid-19 crisis.
Prior to joining the Fund, Ogada worked at the United Nations Conference on Trade and Development as a legal expert and before that he was in private legal practice in the US.
He holds a Juris Doctor from Harvard Law School and a BA in history from Dartmouth College.