The White House said Monday that Ivanka Trump, the daughter of President Donald Trump and a senior advisor to him, is not being considered to be the next head of the World Bank.

Ivanka is, however, overseeing an internal search for the new chief, the White House said.

"Secretary Mnuchin 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 a statement.