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 TrumpTrump, Harris, Ocasio-Cortez, Charlie Kirk among Twitter's most-engaged users Ivanka must recalibrate her paid family leave plan to make it tenable Four names emerge for UN position: report 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 MnuchinHuawei CEO: Daughter's arrest was 'politically motivated' Top Chinese official heading to Washington for trade talks The Hill's Morning Report - Trump faces mounting challenges to emergency declaration MORE and White House chief of staff Mick MulvaneyJohn (Mick) Michael MulvaneyOvernight Health Care — Presented by National Taxpayers Union — Trump, Dems open drug price talks | FDA warns against infusing young people's blood | Facebook under scrutiny over health data | Harris says Medicare for all isn't socialism White House spokeswoman leaving to join PR firm Trump’s state of emergency declaration imperils defense budget 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. LieuDem lawmakers to open probe into ‘complex web of relationships’ between NRA, Russia Kamala Harris shopping trip stirs Twitter campaign trail debate Newsom endorses Kamala Harris for president 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.