Declaration on the Defence, Security and Resilience Bank

Politics - PM of Canada

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To that end, Canada has been advancing efforts to establish the Defence, Security and Resilience Bank (DSRB), a new multilateral financial institution that will bring together like-minded partners to mobilise and deploy private capital and support collective security.A key milestone was reached in April, when following multilateral negotiations in Montréal, Canada and partners agreed to the DSRB's founding Articles of Agreement that will establish the framework for the new institution.

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"We, the leaders of Canada, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Türkiye and Ukraine, meeting at the NATO Summit in Ankara, today announce our shared intention to establish the Defence, Security and Resilience Bank (DSRB).At a time when Allies are increasing defence investment, expanding industrial capacity and accelerating production of critical capabilities, we recognise the need to mobilise public and private capital at scale to support our defence, security and resilience priorities.We affirm our shared commitment to work together towards the establishment of the DSRB.

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The successful negotiation in Montréal of the DSRB's founding Articles of Agreement provides the required foundation to advance this effort together.By leveraging a strong credit foundation, the DSRB is designed to expand access to capital, reduce financing costs, and support expansion of industrial capacity across member countries.

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We emphasize that the DSRB is intended to complement, not...

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