The star won’t be running the globe's finances after all…

BONO will not be applying for one of the world’s most important political jobs.

The lobby group co-founded by the U2 singer have rejected recent reports by prestigious American newspaper The Los Angeles Times that the star is a possible candidate for the president of the World Bank.

According to Reuters, Jamie Drummond, executive director of DATA (Debt, AIDS, Trade, Africa) – for which Bono campaigns to raise awareness of Africa’s troubles, said: “I can’t believe I need to say this, but there are no circumstances in which Bono would be nominated or accept the World Bank job.”

He added: “Bono is flattered to be mentioned for such an important job but DATA does its best work from the outside.”

As previously reported on NME.COM, The Los Angeles Times said: “Don’t be fooled by the wraparound sunglasses and the excess hipness. Bono is deeply versed in the issues afflicting the least-developed nations of the world.”

The singer’s work charity work, particular his campaigns to get rid of third world debt earned him the paper’s endorsement for the job which becomes vacant in May.