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 TrumpOn The Money: Cain 'very committed' to Fed bid despite opposition | Pelosi warns no US-UK trade deal if Brexit harms Irish peace | Ivanka Trump says she turned down World Bank job Ivanka Trump says she turned down World Bank job Ivanka Trump mourns dead in Ethiopian jet crash 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 MnuchinOn The Money: Cain 'very committed' to Fed bid despite opposition | Pelosi warns no US-UK trade deal if Brexit harms Irish peace | Ivanka Trump says she turned down World Bank job Treasury targets Venezuelan central bank with sanctions Mnuchin plans to hire ex-Fox News contributor Monica Crowley: report MORE and White House chief of staff Mick MulvaneyJohn (Mick) Michael MulvaneyThe Hill's Morning Report - Waiting on Mueller: Answers come on Thursday Trump ditches one-on-one meetings with vice president: report Dems demand documents on Trump 'sanctuary city' plan 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. LieuDems push back on White House suggesting they're 'not smart enough' for Trump's tax returns Civil rights attorney confronts Candace Owens on Fox News Lieu fires back at GOP lawmaker who claims he was 'owned' by Candace Owens: 'She said what she said' 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.