Ivanka won't be the next World Bank president -- but she will help Trump pick who will be: report
President Donald Trump and First Daughter Ivanka Trump. (NASA/Bill Ingalls)

Ivanka Trump will help the president pick the next World Bank leader after the surprise resignation of the global institution's president.

Bloomberg News reported Monday that Donald Trump's adviser and eldest daughter is not in the running to be World Bank president following reports that emerged last week suggesting the president may pick her.

She will instead be"helping manage the U.S. nomination of a new leader of the World Bank" along with Treasury Secretary Steve Mnuchin, the White House told Bloomberg.

Trump administration spokeswoman Jessica Ditto called reports that the eldest Trump daughter was in the running as the next World Bank president "false," the report noted.

News of Ivanka Trump's role in the selection of a new president comes after the surprise resignation of Obama-appointed World Bank leader Jim Yong Kim, who announced that he was leaving the post last week three years ahead of his scheduled retirement.