Canadian Prime Minister Mark Carney announced on Tuesday the establishment of a new International Defence, Security and Resilience Bank (DSRB). The initiative was presented on the sidelines of the NATO summit in Ankara and aims to finance defence projects and strengthen the security of allied countries, as reported by entrevue.fr. In addition to Canada, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey, and Ukraine have already joined in creating the new financial institution. The bank's headquarters will be located in Canada. According to Carney, the new structure could attract up to **£100 billion** (approximately **$134 billion**) to finance defence programs on more favorable terms. Furthermore, the bank intends to provide guarantees on loans to commercial banks financing defence industry enterprises, which should ease companies' access to capital. At the initial stage, there are no other G7 countries participating in the project besides Canada. This may limit the initial financial capabilities of the new institution. However, Canadian Foreign Minister Anita Anand emphasized that the bank will remain open to the accession of new states. Expert from the British Royal United Services Institute Linus Terhorst noted that the support of nine countries will allow the project to launch, although its initiators had hoped from the outset to attract the largest European states. Now, the participating countries need to ratify the necessary agreements. The official launch of the Defence, Security and Resilience Bank is scheduled for 2027. The establishment of the DSRB reflects the allies' desire to find new sources of funding for defence programs amid rising military expenditures and increasing international tensions. If new states join the project, the bank could become one of the key instruments for financing the defence sector in NATO countries and their partners.