Canada and the United Kingdom to Develop a Framework of Cooperation Between Their Two Defence Financing Institutions
Ottawa, Canada's capital. On October 25, the Department of Finance Canada released a joint statement from Canada and the United Kingdom. The two countries reiterated their commitment to strengthening defence financing and improving the efficiency of spending to transform their collective defence capabilities.
The statement said the two countries have been working closely to consider how the Multilateral Defence Mechanism and the Defence, Security and Resilience Bank can best advance their shared objectives. They agreed to develop a framework of cooperation between the two institutions, having mutually concluded that it is best to develop two distinct but complementary institutions that work in partnership.
As they are operationalised, the two institutions will be designed to work in close partnership, supporting each other on emerging industrial priorities, investment opportunities and strategic financing challenges.
The statement forms part of Canada's deepening defence industrial and financing cooperation with allies, aimed at turning defence spending more effectively into real defence capability.
Source: Department of Finance Canada
Published by GSM · USA (original Chinese edition)
Photo: 图：位于渥太华的加拿大国会大厦中心大楼（资料图）。取自 Wikimedia Commons，CC BY-SA 4.0。 / Photo: The Centre Block of Parliament Hill in Ottawa (file photo). Via Wikimedia Commons, CC BY-SA 4.0.
