In a significant step toward strengthening global development cooperation, the World Bank and the Government of China have formalised a new agreement to support cutting-edge research and policy innovation through the Knowledge for Change Program (KCP) IV Umbrella Multi-Donor Trust Fund. The Administration Agreement, signed on 16 April 2026 at the World Bank Headquarters in Washington, D.C., marks a new phase in China’s evolving role within the international development landscape—from a beneficiary of knowledge-driven reforms to a key contributor of global public goods. The agreement was signed by Indermit Gill, Chief Economist of the World Bank and Senior Vice President…