Financing Deterrence

The charter for the Defence, Security, and Resilience Bank (DSRB) has been signed and founding members – notably including both Canada and Luxenberg – are piling on the pressure to start making funding available to member states, industrial primes, and commercial SMEs. According for Brigadier General (retired) Robbie Boyd, this is the best and most significant piece of innovation to have happened to deterrence in the least 45 years. The DSRB has become as political as it is economic and offers solution for like-minded democracies to make significant investments in hard power capabilities (like weapons and ammunition) that other financial institutions (like the European Investment Bank) will not allow. There aren't many places you hear a conversation about global financing of deterrence and defence in an accessible way. Robbie Boyd makes this deeply technical and fiduciary discussion digestible even to sailors.