Countries with strained public finances, including those struggling to meet NATO's new defence spending targets, could seek financing from a planned multilateral defence bank spearheaded by Luxembourg and Canada, Luxembourg PM Luc Frieden told my colleague Pietro.
Frieden said the institution would operate as a multilateral lender open to NATO members and partner countries, providing financing to governments, defence companies and commercial banks. Supporters say it would complement existing financing tools as allies ramp up defence spending over the coming decade.
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