A new $133 billion multilateral bank is about to enter the global financial landscape. Canada plans to announce approximately ten founding member nations for the Defence, Security and Resilience Bank (DSRB) at the NATO summit in Ankara, Turkey, scheduled for July 7-8, with ambitions to fundamentally reshape how allied nations finance their military and security infrastructure.
What the DSRB actually is
The Defence, Security and Resilience Bank is a proposed multilateral development bank designed to mobilize low-cost, long-term financing for NATO allies’ defense and security projects. Its target capital pool: up to £100 billion, roughly $133 billion.
Canada was selected as the host country for the DSRB headquarters in late April 2026, following a competitive bidding process that included representatives from 19 countries. The initiative is being led by Isabelle Hudon, CEO of the Business Development Bank of Canada, who has been driving the project with a clear timeline in mind.
“We gave ourselves the NATO summit as a deadline. What we are aiming to announce is the list of founding members,” Hudon said.
