The DSRB is intended to provide long-term, low-cost financing for initiatives across defence and security supply chains. It is designed to support small- and medium-sized enterprises and member governments in addressing critical funding gaps.
Participating countries agreed that Canada will host the future headquarters of the DSRB once the Charter is ratified. Canadian ministers noted that further work is required to bring the institution into operation while reaffirming commitment to the next phase.
“We are very pleased with the progress made during recent negotiations in Montréal to establish the Defence, Security, and Resilience Bank,” said François-Philippe Champagne, Minister of Finance and National Revenue. “These negotiations are a crucial step in taking the DSRB from idea to reality and launching this new defence-focused multilateral bank. The time to act is now, and I look forward to continuing working with our partners to establish and launch the DSRB.”
The initiative is positioned as part of broader efforts to enhance collective defence capabilities among allied nations. It aims to mobilise shared resources to support growth in defence industries and improve readiness.
“Canada is taking decisive action to strengthen our collective defence and security alongside our partners,” said David McGuinty. “We welcome the constructive discussions in Montréal, which represent a meaningful step toward establishing the Defence, Security and Resilience Bank. This initiative will enable faster, more targeted investments, strengthen critical capacity, and support a more resilient and responsive defence industrial base —for Canada and our Allies.”
The DSRB will also seek to mobilise private capital and accelerate defence production across member states. It is expected to play a role in closing financing gaps across supply chains.
“Canada is working with allies and partners to establish the Defence, Security, and Resilience Bank—an ambitious initiative to mobilize private capital at scale, deliver long-term, low-cost financing, and accelerate defence production,” said Anita Anand. “The DSRB will support Member nation defence industries and close financing gaps across supply chains to ensure we are ready to defend our territory, our people, and our values.”
Canada highlighted its existing strengths in finance, aerospace and advanced manufacturing as supporting factors for hosting the institution. Recent policy measures, including the Defence Industrial Strategy and increased defence spending, were also cited as reinforcing the country’s role in collective security efforts.
The government noted that Canada has reached NATO’s two per cent GDP defence spending target and is working towards a longer-term goal of five per cent by 2035. Additional engagement with financial institutions and industry partners forms part of ongoing efforts to support the development of the DSRB.
