This report examines the critical transformation currently reshaping international cooperation, driven by intersecting global crises, shifting aid priorities, evolving multilateral norms, and the emergence of new development actors. Drawing on extensive literature, expert insights, and a workshop conducted with the Swiss Agency for Development and Cooperation (SDC), it highlights key trends reshaping the aid landscape, the expanding role of new actors, and the ways in which bilateral development and cooperation agencies are adapting to these changes. The study offers fresh and in-depth perspectives on the future of aid in an increasingly uncertain global context.