Canada says it will host new multilateral defence bank
Canada will host the proposed Defence, Security and Resilience Bank (DSRB), a multilateral institution aimed at funding defence projects in nations facing geopolitical risks. The initiative, supported by former NATO advisers and major banks, seeks to raise $135 billion and has gained unanimous backing from participating countries. While Canada remains a leading proponent, key allies like Britain and Germany have distanced themselves from the effort.
Opening excerpt (first ~120 words) tap to expand
Canada says it will host new multilateral defence bankSign up now: Get ST's newsletters delivered to your inboxA drone view shows flag fluttering in the wind next to the White Rock Pier, British Columbia, Canada April 23, 2025. REUTERS/Carlos OsorioPublished Apr 30, 2026, 04:38 PMUpdated Apr 30, 2026, 04:43 PMListenLONDON, April 30 - Canada is set to host a proposed mulitlateral defence bank designed to help fund the rearmament of nations facing heightened geopolitical risks, the country's finance ministry said in a statement late on Wednesday.The statement said Canada had been working in Montreal with allies to agree a founding charter for the planned Defence, Security and Resilience Bank (DSRB).
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.
Discussion
0 commentsMore from Straits Times — World
