Canada Proposes Defence, Security and Resilience Bank (DSRB) for Allied Defence Financing (defence24.com)

• Canada leads the DSRB proposal as a multilateral defence finance institution.
• The bank would mobilize private capital for long-term defence project loans at competitive rates.
• UK and Germany cautious, preferring existing mechanisms like the EU SAFE programme.
• Canada joined the SAFE programme in late 2025.

"Canada is advancing the Defence, Security and Resilience Bank (DSRB), a proposed multilateral development bank to finance defence investments for like-minded countries. The institution would mobilize private capital and provide long-term loans at competitive rates. Supported by Canada's largest banks, the proposal faces caution from the UK and Germany who prefer existing mechanisms like the EU's SAFE programme. Charter negotiations with 18 countries were held in Montreal in April 2026, and several Canadian cities are vying to host the headquarters."