Department of Finance Canada advances Defence, Security and Resilience Bank as charter negotiations conclude and Canada gains unanimous backing to host headquarters
The Department of Finance Canada announced the conclusion of multilateral negotiations in Montréal on the Charter of the Defence, Security and Resilience Bank, a planned multilateral lender providing long-term, low-cost financing for defence, security and resilience initiatives, including supply chains and small and medium-sized enterprises. Participating countries unanimously backed Canada as host for the bank’s headquarters, with Isabelle Hudon, President and Chief Executive Officer of the Business Development Bank of Canada, serving as Canada’s lead negotiator.
The Department of Finance Canada announced that multilateral negotiations in Montréal on the Charter of the Defence, Security and Resilience Bank have concluded, marking an initial step toward creating a new multilateral lender focused on defence, security and resilience. The bank is intended to provide long-term, low-cost financing for initiatives across supply chains and to help small and medium-sized enterprises and member governments address critical financing gaps.
Participating countries unanimously supported Canada serving as host country for the bank’s future headquarters once the Charter is ratified. The next phase is to establish and launch the institution, with Isabelle Hudon, President and Chief Executive Officer of the Business Development Bank of Canada, acting as Canada’s lead negotiator.
Canada’s Department of Finance has begun selecting a Canadian city to host the Defence, Security and Resilience Bank, with municipal applications due December 3, 2026. The planned institution will mobilize public and private financing for defence production and supply chains. Canada and international partners will sign its founding Articles of…
The Department of Finance Canada outlined the country’s engagement at G20 and G7 finance meetings on economic stability, artificial intelligence, digital assets and other shared challenges. Bilateral discussions focused on trade and investment, including possible partner support for the next phase of the Defence, Security and Resilience Bank…