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Story summary
- Canada's Foreign Minister Anita Anand called for a Defence and Resilience Bank (DSRB) at the G7 summit in France to finance small and medium-sized defence firms.
- The proposal envisions a pooling mechanism and lessons from the Ukraine war on rapid procurement.
- However, major European nations have not embraced the plan, with Germany previously rejecting it.
- Anand urged more countries to join and said discussions will continue through the spring.
