Canada says 8 countries are joining the international defense bank it will host

Canada says 8 countries are joining the international defense bank it will host

Canadian Prime Minister Mark Carney used this week's NATO summit in Turkey to push for a new financial system to help struggling allies expand their defense production and security infrastructure.

Why Canada’s Push for a Defence Bank Has Limited Backing so Far

News Analysis Canada secured the support of eight countries to launch a new defence bank this week at the NATO Summit in Turkey, but so far, all of its G7 allies have remained on the sidelines. Ottawa is leading efforts to establish the Defence, Security and Resilience Bank (DSRB) at a time when NATO allies are accelerating defence spending and embarking on a broader phase of military rearmament. Along with Canada, the founding members of the ba…