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Leaving the U.S. behind to go its own way, Canada plans to announce founding members of "Global Defense Bank" at NATO summit.

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Jinse Finance reports that on July 3, Canada's chief negotiator stated that Canada plans to jointly announce approximately 10 founding members of a global defense bank at next week's NATO summit in Turkey. Canadian Prime Minister Carney is pushing to establish a Defense, Security and Resilience Bank (DSRB), part of his call this year for an "alliance of middle powers" aimed at addressing "the disintegration of the traditional world order led by the United States." "We are using the NATO summit as a deadline… What we plan to announce is the list of founding members," said Isabelle Hudon, Canada's chief negotiator and CEO of the Business Development Bank of Canada. The bank's purpose is to strengthen allied defenses by raising up to 100 billion pounds ($133 billion) in low-cost capital. Hudon said that apart from Canada, the first members are likely to be all European countries, but she declined to reveal the specific list.
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