“The World Bank Group announced today the appointment of Paschal Donohoe as Executive Director and Director of Knowledge. Donohoe has served as Ireland’s Minister of Finance since January 2025 and as President of the Eurogroup since July 2020, bringing extensive experience from both the public and private sectors,” stated the international financial institution in a press release.
Paschal Donohoe, who was first elected as President of the Eurogroup in July 2020 and subsequently re-elected in December 2022 and July 2025, will need to be replaced in this role. The candidate selection process for his successor will occur following his departure on November 24, although a specific timeline has not yet been established, according to an official source from the forum that gathers Euro area finance ministers.
