The International Monetary Fund (IMF) announced on October 23, 2023, that Nancy Onyango, the Director of the Office of Internal Audit and Inspection (OIA), will conclude her second term and depart from the IMF on January 29, 2024. The news was confirmed by the Managing Director Kristalina Georgieva.
Georgieva expressed her appreciation for Nancy Onyango’s diligent and dedicated service, highlighting how her work has been instrumental in upholding the highest standards of transparency and accountability within the IMF.
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During her six-year tenure, Nancy Onyango led the OIA in conducting critical reviews, most notably the historic audit of the Fund’s Enterprise Risk Management Framework. The recommendations from this audit, once fully implemented, are expected to standardize risk management across all aspects of the IMF’s operations.
Under Onyango’s leadership, the OIA’s support for the Fund’s transformational programs, such as the innovative Readiness Assessments conducted before each program’s launch, received widespread acclaim from program steering committees, Fund staff, Management, the External Audit Committee, and the IMF Executive Board.
Additionally, Onyango championed work-life balance and the mental health and wellness of IMF employees. She played a pivotal role in the development of the IMF’s first mental health strategy in 2022. While also providing mentorship to numerous staff members on top of being a frequent speaker on diversity, equity, and inclusion topics at the IMF, the World Bank, and the IFC.
Her advocacy for staff welfare and her openness in sharing insights from her team’s advisory and assurance work made her highly regarded by colleagues and peers. Her contributions played a crucial role in driving significant changes at the IMF, leading to more efficient program delivery while optimizing the use of limited resources.
Before her tenure at the IMF, Onyango accumulated over 25 years of experience at two global multinational audit and advisory firms, PricewaterhouseCoopers and Ernst and Young, with assignments in various international locations, including the United Kingdom, Europe, and multiple locations across Africa.
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She also served as a gender leadership specialist and remains committed to supporting women in achieving their career goals, holding positions on the Boards of Global Give Back Circle, based in New York, and Fairtrade America, headquartered in Washington, D.C.
The search for Nancy Onyango’s successor to lead the Office of Internal Audit and Inspection is set to commence shortly.
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