06/17/2025 | Press release | Distributed by Public on 06/16/2025 19:38
Background
The China-WBG Global Center for Ecological Systems and Transitions (Global Knowledge Center/GKC) is a partnership between the Ministry of Finance of the People's Republic of China and the World Bank Group (WBG). Launched in December 2024, the GKC capitalizes China's unique development experience, especially in ecosystem restoration, and leverages growing global knowledge including World Bank Group's expertise and global networks, bringing together stakeholders from around the world to exchange ideas, experience, and best practices, all the while promoting the creation of new knowledge.
Large-scale ecosystem restoration requires a comprehensive approach that integrates science, policy, finance and private sector and community engagement. The GKC will emphasize natural capital as the backbone for economic prosperity and planetary health, and for the provision of important ecosystem services such as hydrological flow regulation, soil retention, carbon sinks, and pollination.
As the WBG deepens its role as a Knowledge Bank, it is transforming its knowledge architecture to meet client demand for new ideas to tackle development challenges. As a global development bank with offices in 120 countries, the WBG has a unique capacity to deploy a mix of global and country knowledge to help clients tackle pressing development challenges.
The GKC will provide a knowledge exchange platform for countries facing similar development challenges, and foster impacts through experience dissemination, policy support and knowledge products at a global level.
The GKC will focus on three interconnected technical areas, together forming a comprehensive approach to ecosystem restoration.