Published • loading... • Updated
New Zealand walks away from multi-billion dollar Defence Bank
MFAT advised ministers that joining would require an initial NZ$100 million contribution and ongoing governance costs.
Summary by RNZ
7 Articles
7 Articles
The initial contribution for New Zealand would have been in the order of $56 million when it joined the bank, and further spending could have been even higher.
The bank is created to finance the defense industry of the participating countries at the expense of their contributed capital
·Kyiv, Ukraine
Read Full Article
New Zealand has not joined the International Bank for Defence, Security and Sustainability (DSRB), although Canada has invited the country to participate in the project, the organization plans to finance the defence industry of participating States, including Ukraine, as reported by Radio RNZ with reference to the Ministry of Foreign Affairs of New Zealand.
Coverage Details
Total News Sources7
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
To view factuality data please Upgrade to Premium
