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Paschal Donohoe Quits for World Bank Role as Simon Harris Takes Finance

The departure sets up a Dublin Central by-election that could test the governing coalition.

Overview

  • Donohoe is leaving Cabinet to become the World Bank’s managing director and chief knowledge officer, with his start slated for Monday in Washington.
  • He will resign his Dáil seat later this week, triggering a Dublin Central by-election in a constituency where Sinn Féin leader Mary Lou McDonald holds a seat.
  • He will give up the Eurogroup presidency, a post he has held since 2020 after securing a third term in July.
  • The Taoiseach announced a reshuffle that moves Harris to Finance, assigns Helen McEntee to Foreign Affairs and Defence, promotes Hildegarde Naughton to Education and Youth, and reallocates the disability brief to Emer Higgins.
  • Press reports estimate the World Bank package at about €600,000 a year, with US income-tax exemption for non‑US appointees.