Germany industry groups urged Berlin on Thursday morning to join the Canada-led Defence, Security and Resilience Bank to secure long-term defense financing. The multilateral institution provides low-cost funding and loan guarantees for security projects across Ukraine and allied nations. German firms risk losing procurement access if lawmakers remain outside the founding membership group.
German groups urge Berlin to join defence bank
German business associations urge the government to join the new Canada-led defence bank. They warn that staying outside could disadvantage local firms in future projects.
