You probably heard that the Jim Yong Kim is stepping down by February 1 as World Bank Group President.

Speculations have been rife about his replacement. Some of those touted include former Nigeria Finance Minister, Dr. Ngozi Okonjo-Iweala.

But over the past few days, rumour mill was also abuzz that President Donald Trump would likely appoint his daughter, Ivanka to head the powerful global lender.

The White House has now officially denied that Ivanka is under consideration for the job but her role in the selection process remains controversial, as a White House official has confirmed the President’s daughter will help select a candidate to run the Bank.

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In a statement, the White House said Treasury secretary Steven Mnuchin and White House chief of staff Mick Mulvaney “have asked Ivanka Trump to help manage the US nomination process as she’s worked closely with the World Bank’s leadership for the past two years”.

The statement denied the president’s daughter was under consideration for the role after the Financial Times said Ms Trump’s name had been floated as a possible candidate.

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