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Development finance cannot rely on old models. In Paris today, under the Paris Dialogue on Financing for Development, we co-convened a high-level G7 side event with partners including the AFD, CEB, IEA, OECD, OIF, and UNESCO. With rising financing needs, geopolitical shifts and declining official development assistance, the discussion centres on how the G7 can deliver smarter and more effective financing for development. Across the day, leaders from government, international organisations and business are examining how to move beyond new pledges towards better aligned investments, stronger partnerships, and more effective use of public and private capital. Against this backdrop, we convened a roundtable on mobilising private finance, centred on one key priority: after a decade of “billions to trillions”, progress remains too slow. Unlocking more private capital will require better alignment between financial system incentives and development needs, alongside stronger partnerships between public and private actors. The focus is on turning ambition into action and shaping a renewed G7 vision for development finance.