Transatlantic Financial Leaders Back Creation of New Defence Bank
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| Title: | Transatlantic Financial Leaders Back Creation of New Defence Bank |
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| Authors: | DSRB Development Group |
| Source: | Business Wire (English). 08/07/2025. |
| Abstract: | Last month [July], a high-level taskforce co-chaired by UK Chancellor Rachel Reeves and UK Defence Secretary John Healey endorsed the creation of the Defence, Security and Resilience Bank (DSRB); a new international financial institution owned by nations that will help NATO and allies across the world deliver on the landmark five percent (5%) of GDP defence investment pledge adopted at the NATO Summit in June 2025. Equally, MEPs in the European Parliament have also voted for a resolution urging member states to create the DSRB to fund critical defence procurement whilst boosting modernisation and supply chain resilience across NATO, the EU, and Indo-Pacific allied nations. [ABSTRACT FROM PUBLISHER] |
| Database: | Regional Business News |
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