Quote:
Originally Posted by Truenorth00
It's a good talking point for Ottawa. But the purpose of this bank is to fund defence industry. Proximity to defence manufacturing and finance is the main criteria. Not some diplomat from home they might talk to once a month. It's such an Ottawa thing to lead with the number of embassies and attachés instead of the number of defence manufacturing facilities in the city.
If something comes from this bid, I hope it's our politicians understanding how much their underinvestment in infrastructure and services hurts economic attractiveness. The same folks who can't get proper transit to the Carling campus are going to build quality of life for 3500 bankers? In what? A business park in Kanata?
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The DSRB is not a commercial bank. It is expected to be structured along the lines of The World Bank. Countries will contribute to its pool of money and have a vote in its decisions. Some commercial banks ,both in North America,have announced that they will offer the DRSB financial and technical support. The DRSB will draw on the capital markets expertise of the participating banks and will issue AAA-rated bonds for countries to fund their defence production and procurement. It will also support defence modernisation and supply chain resilience across Europe and the Indo-Pacific region.
The World Bank has its HQ in Washington,DC, close to government and embassies. So is the IMF in Washington . Neither is situated in a financial centre such as NYC.
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