KUALA LUMPUR, Dec 11 (Bernama) -- The Defence, Security and Resilience Bank (DSRB) Development Group recently held a high-level meeting in the City of London with representatives from 37 nations.
The representatives include all G7 members, the European Commission, the North Atlantic Treaty Organization (NATO), the European Parliament, global banks, and ratings agencies to discuss the DSRB.
In a statement, DSRB Development Group said several countries have indicated their intention to begin the formal steps required to establish the DSRB.
Designed to complement the European Union’s SAFE initiative, the DSRB aims to provide a broader multilateral platform that brings NATO and Indo-Pacific nations together, and mobilises global capital to build the balance-sheet capacity needed to finance nations’ defence spending and long-term resilience investments.
The group noted that this phased pattern of engagement is standard in the creation of international financial institutions, which generally begin with a core group of anchor nations before expanding through charter negotiations and subsequent capital rounds.
The initiative continues to advance with governments, and a clear pathway toward the next phase of work, including founding-nation discussions, charter development, and capital formation.
The DSRB remains committed to supporting a stronger and more resilient allied industrial base through long-term, scalable financing.
-- BERNAMA
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