Exclusive-Canada aims to announce 10 countries backing global defence bank at NATO summit

🇨🇦 Al-Monitor Middle East (CA) —
Exclusive-Canada aims to announce 10 countries backing global defence bank at NATO summit

AI Summary

Canada plans to announce about 10 founding countries for a global defence bank at the upcoming NATO summit in Turkey. The Defence, Security and Resilience Bank initiative, led by Canadian Prime Minister Mark Carney, aims to unite middle powers to address the fracturing U.S.-led world order.

By Jonathan Spicer, Iain Withers and Marc Jones ANKARA/LONDON, July 2 (Reuters) - Canada is aiming to co-announce around 10 founding nations for a global defence bank at next week's NATO summit in Turkey, the lead Canadian negotiator told Reuters on Thursday. Canadian Prime Minister Mark Carney is promoting the Defence, Security and Resilience Bank (DSRB) as part of his call this year for an alliance of "middle powers" to combat what he sees as the fracturing of the traditional U.S.-led world order.

World Security Conflict Politics Markets Deals Canada NATO summit global defence bank Mark Carney middle powers DSRB

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