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 TrumpManufacturers group kicks off campaign to close the industry's skills gap Fed chief issues stark warning to Congress on deficits Rally crowd chants '46' for Donald Trump Jr. 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 MnuchinBloomberg proposes financial transaction tax GOP senators offering bill to cement business provision in Trump tax law On The Money: Deficit spikes 25 percent through January | Mnuchin declines to say why Trump pulled Treasury nominee who oversaw Roger Stone case | Lawmakers trade insults over Trump budget cuts MORE and White House chief of staff Mick MulvaneyJohn (Mick) Michael MulvaneyTrump declares war on hardworking Americans with new budget request Scaramucci thanks John Kelly for speaking up against Trump Trump lashes out over Kelly criticism: 'He misses the action' 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. LieuDemocrats to plow ahead with Trump probes post-acquittal Trump Jr. dismisses 'likelihood' of Pelosi praying for Trump with Satan comparison Ted Lieu says he's praying for Trump after National Prayer Breakfast comments 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.