The Province of British Columbia is supporting a private-sector-led proposal to the Government of Canada to put forward Vancouver as the preferred home for the new international headquarters of the Defence, Security and Resilience Bank (DSRB).

“Vancouver is the perfect place to establish the headquarters of this new bank,” said Premier David Eby. “B.C. has what the world needs, as well as major ports and strong relationships with NATO nations and allied partners. As the economic engine of the new Canadian economy, we are ready to seize the economic and strategic advantages in hosting a global institution of this scale.”

The DSRB is a newly created multilateral institution focused on financing defence, security and resilience projects for NATO members and allied nations. As countries around the world increase investments to secure borders and meet their geopolitical commitments, the DSRB is intended to help address financing challenges facing governments and industry. Canada is among the leading contenders to host the headquarters. Once fully established, the bank is expected to include up to 40 member countries and play a central role in supporting global security.

A global institution with local economic impact

Locating the DSRB headquarters in Vancouver would generate significant long-term economic benefits. Early estimates indicate the headquarters could create approximately 3,500 high-paying jobs in defence finance, international operations and specialized research and analysis. 

Vancouver would also host regular international meetings of member nations, bringing delegations, investment opportunities and global visibility to B.C.

“British Columbians understand that our national security and defence capabilities matter now more than ever,” said Ravi Kahlon, Minister of Jobs and Economic Growth. “Hosting the DSRB headquarters in B.C. aligns with our Look West plan and is an important step that allows our province to expand Canada’s defence capacity, while anchoring investments that will create opportunities for people and communities across B.C. and Canada. This positions us to play an essential role in Canada’s security, while building a stronger economy for British Columbians.”