# transatlantic

Canada Pushes for a Multinational 'Defence Bank' to Finance NATO Rebuild and Boost Strategic Autonomy

Canada has proposed creating a multinational "Defence, Security and Reconstruction Bank" to mobilize up to $135 billion for NATO and European defence projects, with Isabel Hudon leading Canadian talks. Backers hope a state-backed, AAA-rated institution would provide predictable financing for rearmament and reconstruction, but achieving rating, governance and political consensus will be challenging.