World Bank President Jim Yong Kim said he would explore with Chinese officials how the U.S.-led development institution could collaborate—rather than compete—with China’s new infrastructure bank.

Mr. Kim called the new Asian Infrastructure Investment Bank and other development institutions spearheaded by China “potential strong allies” in the global effort to eradicate poverty. He said he planned to discuss ways to work together with Chinese policy makers in Washington next week for the spring meetings of the World Bank and...