Plan for Global Defence Bank Seeks $116 Billion
A proposed Defence, Security and Resilience Bank aims to raise $116 billion for lower-cost lending to governments and defence contractors.
Backers of a proposed global defence bank want to raise $116 billion to finance security projects for governments and contractors at lower cost.
The initiative still needs broader commitment from major economies before it can become a central institution in defence financing.
Reporting basis: NewsRena Editorial Desk review of reporting by Reuters.
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