{
  "id": 4551546,
  "title": "The battle to build a global defense bank",
  "url": "https://urgent.news/2026/08/31/the-battle-to-build-a-global-defense-bank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T02:36:00.000Z",
  "source": {
    "name": "Japan Times",
    "slug": "japan-times",
    "url": "https://www.japantimes.co.jp/business/2026/08/31/global-defense-bank/"
  },
  "original_language": "en",
  "account": "London – Canadian Prime Minister Mark Carney has expressed support for a proposed global defense bank, dubbed the Defence, Security and Resilience Bank (DSRB). This institution aims to assist allies in rearming, but faces a lack of commitment from major economies just weeks before prospective members are scheduled to sign up. The DSRB seeks to raise approximately €100 billion ($116 billion) and utilize this capital to provide low-cost loans to governments and contractors for defense projects. It will also offer guarantees to lenders financing riskier defense firms. Aside from Canada, where the DSRB will be headquartered, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey, and Ukraine have shown their backing. According to sources, the DSRB has secured around €5 billion in commitments by August, with aspirations of €20 billion in paid-in capital and an additional €80 billion accessible as needed. However, the absence of Germany, Britain, and other G7 nations has raised doubts about the DSRB's ability to attain the triple-A credit rating necessary for the lowest funding costs.",
  "summary": "Britain, Japan and other G7 countries so far declining to join has raised questions over whether the bank can achieve the triple-A credit rating it wants.",
  "key_points": [
    "Canadian PM Mark Carney backs global defense bank DSRB",
    "DSRB aims to raise €100 billion for defense projects",
    "Absence of Germany, Britain, G7 nations stalls progress"
  ],
  "editors_take": "The proposed Defence, Security and Resilience Bank's viability hinges on securing backing from major economies, which could make or break its ability to offer low-cost loans and achieve a crucial triple-A credit rating.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}