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 financial institutions, seeks to raise £100 billion and has received strong backing from Canadian leadership. However, key allies like Britain and Germany have distanced themselves from the project, opting for alternative defence financing efforts.
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Canada says it will host new multilateral defence bank Sign up now: Get ST's newsletters delivered to your inboxThe DSRB is also working with several high profile banks to support its launch, including JPMorgan, Deutsche Bank and Royal Bank of Canada.PHOTO: REUTERSPublished Apr 30, 2026, 05:15 PMUpdated Apr 30, 2026, 05:15 PMLONDON – 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 April 29.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).
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