Britain in talks with Canada about joining defence bank
Britain is currently in discussions with Canada to join the Canadian-led Defence, Security and Resilience Bank. This move aims to secure long-term, low-cost financing for defense projects alongside other international partners.
Why it matters
The potential inclusion of a G7 nation in this financial mechanism signals a shift toward multilateral defense financing to address global security challenges.
Prime Minister Mark Carney speaks at the General Dynamics defence manufacturing facility in London, Ont., in July. Canada has so far signed up eight other countries for the Defence, Security and Resilience Bank. Carlos Osorio/Reuters
Britain is in talks with Canada about joining the Canadian-led defence financing bank, according to a Canadian government source.
The subject is expected to come up during Prime Minister Mark Carney’s trip to Britain this week, which will include Wednesday meetings with British Prime Minister Andy Burnham and a stop in Liverpool where the pair will watch an Everton Football Club match. Both men are fans of the club.
The Globe and Mail is not identifying the source because they were not authorized to speak publicly about the matter.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in