Irish Finance Minister Paschal Donohoe has resigned from his position after accepting an appointment as Managing Director at the World Bank, it was announced yesterday.
Donohoe informed Taoiseach Micheál Martin and Tánaiste Simon Harris of his decision to accept the senior international role, with both accepting his resignation.
The Finance Minister will also resign his Dáil seat as TD this week, marking the end of his tenure in Irish politics.
Donohoe’s departure creates a significant vacancy in the government, as he has served as one of Ireland’s most prominent political figures in recent years. His role as Finance Minister placed him at the center of economic policymaking during a period of significant challenges and opportunities for the Irish economy.
The World Bank position represents a major career move for Donohoe, elevating him to a key role in global financial governance and development policy.
Details regarding the appointment of a successor as Finance Minister and arrangements for a by-election to fill his Dáil seat are expected to be announced in the coming days.
The resignation comes at a crucial time for Ireland’s fiscal planning, as the government navigates economic uncertainties including global trade tensions and climate commitments.