Irish Finance Minister Paschal Donohoe to Resign for Prestigious World Bank Position

The Irish Finance Minister, Paschal Donohoe, is poised to resign from his government position to take on a prestigious role at the World Bank. This transition marks a significant step in his career, moving from politics to a prominent international banking position.

Details of the Resignation

According to reports from RTÉ, Donohoe will become the managing director and chief knowledge officer of the World Bank, the largest development bank globally. This role is expected to advance his career in finance and development.

Timeline of Events

• Resignation Date: Donohoe is set to resign on Tuesday.
• TD Resignation: He will also step down as TD for Dublin Central later this week.

Background on Paschal Donohoe

Paschal Donohoe previously held the position of finance minister in the Republic of Ireland from 2017 to 2022. He was reappointed to this role in January 2025, demonstrating his significant influence in Irish politics and economic policy.

This career change to the World Bank underscores the importance of his expertise and leadership in global finance.