Canada is set to announce a new international financial institution, the Defence, Security and Resilience Bank (DSRB), at next week’s NATO Summit in Turkey. The initiative is expected to launch with support from around 10 founding countries, marking a major step toward strengthening defence cooperation among allied nations.
The proposed bank will provide low-cost, long-term financing for defence, security, military infrastructure, and supply chain resilience projects. Officials say the institution could mobilize up to £100 billion (approximately US$133 billion)in funding to help allied nations modernize their defence capabilities and respond to growing global security challenges.
The initiative is being championed by Canadian Prime Minister Mark Carney, who has positioned Canada as a leader in strengthening cooperation among NATO allies and other like-minded countries. Canada and Luxembourg have already publicly backed the project, while several European nations and other partners are expected to join as founding members.
According to officials, the DSRB will focus on helping governments and defence companies—particularly small and medium-sized firms—access affordable financing for projects related to defence production, cybersecurity, critical infrastructure, and advanced technologies. The bank is also intended to encourage greater private-sector investment in defence industries.
Canada has already been selected as the host country for the bank, although the final headquarters location has not yet been announced. Several Canadian cities are competing to become its permanent home. The official unveiling at the NATO Summit is expected to be a significant milestone in Canada’s efforts to play a larger role in international security and defence financing.