26
Mar
Vaux-de-Cernay , France (Rajeev Sharma): Canada is set to propose the creation of a new defence financing institution to G7 nations, aimed at supporting small and medium-sized defence firms struggling to access capital. Speaking at the G7 foreign ministers’ meeting in Vaux-de-Cernay, Foreign Minister Anita Anand said the proposed Defence and Security Resilience Bank (DSRB) would pool funds to strengthen military supply chains and boost production capacity. The initiative is part of Prime Minister Mark Carney’s broader push to enhance cooperation among allies, including NATO members, amid rising global security concerns. The proposal comes as top diplomats from leading Western…