Luxembourg is still evaluating whether it will participate financially in the proposed Defence, Security and Resilience Bank (DSRB), according to Minister of Finance Gilles Roth. Responding to a parliamentary question from Sam Tanson of The Greens (Déi Gréng), Roth stated on Monday that it is too early to provide further details, as no final agreement has been reached to establish the bank.
The concept for the DSRB was first introduced by Prime Minister Luc Frieden during his State of the Nation address in mid-May. The initiative is a joint proposal by Luxembourg and Canada, and has since gained interest from other countries. At the NATO Summit in Ankara on 7 July, seven additional countries, including both EU and non-EU states such as Ukraine, announced their intention to become founding members. Roth clarified that no formal agreement has been signed yet, and that further countries may still join the initiative.
Roth also assured Tanson that the DSRB would not compete with the European Investment Bank, but would instead complement existing institutions by providing targeted financial resources in areas where current funding falls short. He emphasised that Luxembourg’s Triple A credit rating would not be at risk, since the new bank would operate as a separate entity with its own governance structure and would adhere to robust regulatory standards.
