"Canada has been selected to headquarter the multinational Defence, Security and Resilience Bank (DSRB), which focuses on financing defence, security, and resilience projects for NATO members and allied nations."
"The establishment of the DSRB is estimated to create 3,500 jobs in defence finance, international operations, and specialized research and analysis."
"Four cities, Montreal, Ottawa, Toronto, and Vancouver, have put themselves forward as possible hosts for the DSRB, with the federal government deciding the final location."
"The bank's services will include providing long-term credit and helping streamline the process of multiple countries purchasing defence resources together."
Canada has been chosen to host the Defence, Security and Resilience Bank (DSRB), a multilateral institution aimed at financing defence, security, and resilience projects for NATO members and allied nations. The establishment of the bank is expected to create approximately 3,500 jobs in various sectors, including defence finance and specialized research. Montreal, Ottawa, Toronto, and Vancouver are competing to be the headquarters location, with the federal government set to make the final decision. The bank will offer long-term credit and facilitate joint procurement of defence resources.
Read at www.cbc.ca
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