Trump considering his daughter for World Bank President job

There are two names currently in the running to replace outgoing World Bank President Jim Yong Kim, according to the Financial Times on Friday.

Those names are: Former UN Ambassador Nikki Haley and U.S. President Donald Trump's daughter and adviser Ivanka Trump.

While it's not official yet, it is said that Trump is willing and able to appoint his daughter to the top job after Kim suddenly announced that he is leaving his position three years early.

Other names in consideration, as well: Treasury Undersecretary for International Affairs David Malpass and Mark Green, head of the US Agency for International Development.

Right now the Treasury has no comment on the matter but said that it has a "significant number of recommendations" according to a spokesperson.

"We are beginning the internal review process for a US nominee. We look forward to working with the governors to select a new leader."

The World Bank is instrumental in providing loans to countries of the world for capital projects.  It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.

The United States is the bank's largest shareholder though and under an unwritten agreement has always chosen its leader since the institution was founded after World War II.

Ivanka, if given the job, would have to be named as a replacement for Kim by mid-April.