Overview
- He will join the World Bank as managing director and chief knowledge officer, a role described as effectively the institution’s number two, and will relinquish the Eurogroup presidency.
- Taoiseach Micheál Martin confirmed portfolio moves that place Helen McEntee at Foreign Affairs and Defence and elevate Hildegarde Naughton to Education and Youth, with Emer Higgins reassigned to the disability brief as minister of state.
- Donohoe is expected to resign his Dublin Central Dáil seat later this week, setting up a by-election in a constituency where the governing parties face a difficult contest.
- Irish reporting estimates his World Bank compensation at roughly €600,000 a year, with a US income tax exemption applicable to non‑US appointees.
- A veteran of Cabinet and a TD since 2011, Donohoe’s exit removes a key government figure who helped steer EU fiscal debates and Ireland’s role in global corporate tax talks.