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 TrumpEx-Watergate prosecutor predicts Trump will be charged for tax evasion after he leaves office Five takeaways from NYT Trump taxes bombshell The Hill's 12:30 Report - Sponsored by The Air Line Pilots Association -Trump enters debate week after NYT obtains his tax returns 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 MnuchinTreasury offers coronavirus relief loans to seven major US airlines House GOP leaders rally opposition to Democrats' scaled-down COVID bill On The Money: Biden releases 2019 tax returns hours before first debate | COVID relief talks hit do-or-die moment | Disney to layoff 28K workers MORE and White House chief of staff Mick MulvaneyMick MulvaneyOn The Money: House panel pulls Powell into partisan battles | New York considers hiking taxes on the rich | Treasury: Trump's payroll tax deferral won't hurt Social Security Blockchain trade group names Mick Mulvaney to board Mick Mulvaney to start hedge fund 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. LieuThe spin on Woodward's tapes reveals the hypocrisy of Democrats Larry Kudlow defends response to coronavirus: Trump 'led wisely' Lieu on Trump 'playing it down' on coronavirus: 'This is reckless homicide' 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.