Laut Quellen wurde Kanada als Sitz einer neuen multinationalen Verteidigungsbank ausgewählt

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Canada has been selected as the host nation of a new multinational defence bank as negotiations among the founding countries ended in Montreal on Wednesday, according to two sources.

The decision was made after the final of three rounds of negotiations hosted by Canada and involving the approximately 19 founding countries of the Defence, Security and Resilience Bank.

The Globe is not identifying the sources who were not permitted to speak publicly about the matter.

Once established, the bank could include as many as 40 countries, all NATO members and their allies, and will provide long-term, low-cost financing for defence projects undertaken by participating countries.

Negotiations took less time than anticipated, with the final two of three rounds held back-to-back, sources said. Other decisions made during the negotiations likely include the bank’s charter, treaties and chief executive officer.

John Fragos, press secretary for Finance Minister François-Philippe Champagne, would not confirm Canada’s selection as the host country on Wednesday.

Yup. Canada is looking better and better every day. I’m so happy we are finally upgrading our military capabilities…..and leaving the US behind.

I’m not a Carney fanboy or anything, but it’s hard not to be impressed with the sheer volume and pace with which he’s pursuing agreements and substantive relationships with a myriad of nations and organizations.

I love what Carneys doing. Putting Canada out in front in a world leadership role.

Dang, they did it. I’ve been following this story for a while now and I know the government was pushing for this. This is great. Did they mention which city will get it?

That’s huge, if true. I wonder if it’ll be in Montrèal or Toronto.

that’s a win!

Great news! I’d like to immediately see membership to include key allies outside NATO – Korea, Japan, Australia and New Zealand.

Carney is going to go down as one of the greatest prime ministers in our history.

This was previously expected to go to the US.

But, with Trump showing an inability to keep international commitments, and Carney showing Canada’s economic strength – this is a big win for the Canadians.

Canada will get the economic benefit for any time its being run profitably above surplus – compared to Canada’s economy its likely a decent GDP plus.

If facilitated in the CAD, that will be huge for CAD strength.

I imagine it will also mean that NATO allies will be looking more closely at Canadian defense companies who by nature of having better relationships with this bank could get better rates than foreign counterparts, and therefore get more business.

Above all else, these kinds of multinational entities are rare, especially financial ones. Having one is a strong responsibility signal that tends to open up doors for other opportunities like this as well.

The US will shrug it off, but it is a very big deal.

Normally you’d expect this to end up in the hands of the US, or maaaybe the UK or France. Because a defense focused bank needs so much more trust than anything else, it normally would only go to a tier 1 Western aligned superpower.

Canada’s peers are signaling they are ok with putting that type of faith in Canada for the first time at this scale in the modern era – and that alone is huge.

>The other 18 founding countries have not been disclosed, though reports of some European countries such as Britain and Germany rejecting the bank have surfaces since it was first announcement.

>Critics of the bank have questioned whether the institution is necessary, when other defence financing initiatives such as the Security Action For Europe program already exist.

Sounds to me like Canada only got to be the host of this bank because nobody else wanted it. Furthermore, the other members of the NATO alliance consider this bank to be redundant.