Overview
- Donohoe’s spokesperson confirmed he will step down from both posts to take a senior position at the World Bank.
- The Irish Times reports he has been offered the World Bank role of managing director and director of knowledge, described as the institution’s number two.
- Ireland’s coalition government is set to name his successor as finance minister today.
- Eurogroup sources say a new president will be elected as soon as possible, with Cyprus’s finance minister Makis Keravnos serving in an acting capacity due to Cyprus’s upcoming EU Council presidency.
- Donohoe had been re-elected in July to a third term after rivals Carlos Cuerpo and Rimantas Sadzius withdrew, extending a presidency that began in 2020.