Ivanka Trump to help pick new World Bank president, but will not be one of the candidates

Ivanka Trump to help pick new World Bank president, but will not be one of the candidates
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White House adviser Ivanka TrumpIvana (Ivanka) Marie TrumpWhite House, Congress near deal to give 12 weeks paid parental leave to all federal workers Lawmakers introduce bipartisan bill to allow new parents to advance tax credits Jane Fonda says she feels 'sad' for Trump MORE is going to help pick the new World Bank president, but she herself is not under consideration for the position, the White House said. 

Trump will work with Treasury Secretary Steven MnuchinSteven Terner MnuchinWorld Bank approves billion-plus annual China lending plan despite US objections On The Money: Congress races to beat deadline on shutdown | Trump asks Supreme Court to shield financial records from House Democrats | House passes bill to explicitly ban insider trading Hillicon Valley: Pelosi works to remove legal protections for tech companies from USMCA | Treasury sanctions Russian group over 0 million hack | Facebook sues Chinese individuals for ad fraud | Huawei takes legal action against FCC MORE and White House chief of staff Mick MulvaneyJohn (Mick) Michael MulvaneyGiuliani meets with fired Ukrainian prosecutor who pushed Biden, 2016 claims: report Fox's Napolitano says obstruction 'easiest' impeachment offense for Democrats The key impeachment hearings are before an appeals court, not the House Judiciary panel MORE to help manage the U.S. nomination process, according to the statement, which said it was "false" that she was under consideration for the role.

“Secretary Mnunchin and Chief of Staff Mulvaney have asked Ivanka Trump to help manage the U.S. nomination process as she’s worked closely with the World Bank’s leadership for the past two years – however, reports that she is under consideration are false,” White House spokeswoman Jessica Ditto said in the statement. 

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The Financial Times last week reported Trump was one of multiple possible contenders for the U.S. nomination. 

The report sparked backlash from multiple lawmakers and public figures, including Rep. Ted LieuTed W. LieuVideo of Princess Anne shrugging as Queen greets Trump goes viral Lawmakers to watch during Wednesday's impeachment hearing Adam Schiff's star rises with impeachment hearings MORE (D-Calif.) and Democratic mega-donor Tom Steyer, who claimed the move would be an act of nepotism. 

World Bank chief Jim Yong Kim announced earlier this month that he will resign from his post on Feb. 1, three years before his term was set to expire. The financial institution's CEO, Kristalina Georgieva, is expected to act as interim president following Kim's departure.

The World Bank works to promote economic development and poverty eradication through loans and technical support. 

-- Updated at 5:23 p.m.