Paschal Donohoe is going to the World Bank. Why?

What does his shock exit mean for government?

Listen | 21:43

There has been a sense for some time that Minister for Finance Paschal Donohoe’s next move was never going to be to some other role in Leinster House.Instead it has long been expected that his side gig as President of the Eurogroup since July 2020 would lead to a top job on the financial world stage - the IMF was mentioned regularly. The question was when might he hand in his notice.Yesterday Donohoe announced that he had resigned his job and will start his new job as number two at the World Bank in Washington on Monday.Irish Times political correspondent Ellen Coyne explains the political fallout to his move, while economics correspondent Eoin Burke-Kennedy outlines what the job will entail.Presented by Bernice Harrison. Produced by Suzanne Brennan. 

There has been a sense for some time that Minister for Finance Paschal Donohoe’s next move was never going to be to some other role in Leinster House.

Instead it has long been expected that his side gig as President of the Eurogroup since July 2020 would lead to a top job on the financial world stage - the IMF was mentioned regularly. The question was when might he hand in his notice.

Yesterday Donohoe announced that he had resigned his job and will start his new job as number two at the World Bank in Washington on Monday.

Irish Times political correspondent Ellen Coyne explains the political fallout to his move, while economics correspondent Eoin Burke-Kennedy outlines what the job will entail.