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Canada Pushes Global Defense Finance Bank | Europe News
Description
Canada’s launching a new $100 billion defense bank, the DSRB, to offer ultra-low-interest loans and loan guarantees to allies and small defense firms struggling to access capital. With a goal of securing a triple-A rating and rallying global partners—Luxembourg is the only other confirmed backer so far—the initiative hinges on securing more founding nations before its official launch. While they hoped to announce ten allies at the NATO summit, negotiations are still ongoing, but officials remain confident they have enough support to make this global security lifeline a reality.
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