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 bank are Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey, and Ukraine.
More countries have participated in discussions on establishing the bank but have ultimately chosen not to join. Representatives from 18 countries attended DSRB talks in Montreal in March, compared with NATO’s 32 member states….