White House adviser Ivanka Trump Ivana (Ivanka) Marie TrumpTrump luxury properties have charged US government .1M since inauguration: report Ivana Trump: Ivanka could 'definitely' be first female president The Hill's 12:30 Report - Presented by Facebook - Trump's West Coast campaign swing 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 Mnuchin Steven Terner MnuchinMcConnell focuses on confirming judicial nominees with COVID-19 talks stalled Hillicon Valley: FBI chief says Russia is trying to interfere in election to undermine Biden | Treasury Dept. sanctions Iranian government-backed hackers On the Money: Pelosi draws line at .2T | Jobless claims dip | Swing-state jobless numbers an issue for Trump MORE and White House chief of staff Mick Mulvaney Mick MulvaneyMick Mulvaney to start hedge fund Fauci says positive White House task force reports don't always match what he hears on the ground Bottom line 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 Lieu Ted 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.