Minister for Finance Paschal Donohoe: will step down from his role and resign as a TD later this week. Photograph: Simon Wohlfahrt/BloombergPaschal Donohoe is to step down as Minister for Finance and take up a position at the World Bank, the Cabinet has been told. He will step down from his position as Minister for Finance on Tuesday and resign as a TD later this week. The board of the bank, the largest development bank in the world, approved the appointment on Monday night. Speaking on RTÉ Radio’s Today with David McCullagh show, Mr Brophy described Mr Donohoe as one of his longest friends, someone he had known since his teen years.