LatviaPublished: 7 July 2026 at 19:37

Latvia and Eight Other Countries to Establish Defense, Security, and Resilience Bank

Latvia, along with eight other countries, plans to create a joint bank specialized in financing defense and security projects, aiming to improve credit access and reduce costs.

The Chancery of the President of Latvia announced that Latvia and eight other countries will establish a Defense, Security, and Resilience Bank. The bank is intended to provide more stable credit opportunities, improve access to financing, reduce financing costs, and support the development of the defense industry and expansion of production capacities in member countries.

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