finance
Canada Plans Global Defence Bank at NATO Summit but Faces Capital Shortfall
Ottawa targets next week's NATO summit to launch the bank with about 10 founding members. Several European countries are near agreement while South Korea holds talks with uncertain prospects.
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Canada aims to announce the creation of a Global Defence Bank at next week's NATO summit, @DeItaone reported. Ottawa expects around 10 founding members, with several European countries close to joining. South Korea is participating in talks about joining the Global Defence Bank, though membership remains uncertain, @DeItaone reported.
Canada said securing sufficient capital remains the biggest hurdle for the Global Defence Bank.
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