The 2030 Agenda and its SDGs have successfully set a normative framework for global cooperation, including development cooperation. Yet, the implementation of this agenda is characterized by a highly dynamic international context (uncertainty as a strategic challenge), power struggles (return of geopolitical confrontation), and unresolved contestations (competing development cooperation norms). For many decades, the OECD approach was the predominant narrative in this regard. However, the rise of South-South cooperation is introducing a distinct concept of development cooperation. The changing context is relevant for all areas of development cooperation, as it impacts the narratives of development cooperation (why?), the strategies (how?), and operational approaches (what?).