Ahead of the Ankara NATO Summit the United Kingdom, the Netherlands, Finland, and Poland announced that they are making significant progress to develop the new Multilateral Defence Mechanism [MDM].
“The MDM is an innovative new financing model intended to accelerate defence investment, stimulate joint procurement, and aggregate demand in critical defence capabilities, with the ultimate objective of meeting the military needs of like-minded allies,” the countries said in a joint statement. We aim to move quickly to formal Treaty negotiations, respecting individual members’ ratification processes, while maintaining the shared ambition of setting up the MDM by 2027, they added.
According to the allies, in light of the rapidly evolving international security environment and the consequences of russia’s aggression against Ukraine, they will act together to be prepared to address future threats.
To further progress the MDM, the UK, the Netherlands, Finland and Poland will therefore:
- work with core partners to expand the MDM into a broader coalition of participants;
- build on technical development and move to the next phase of mechanism design and development with subscribed partners during the Autumn
- ensure that emerging approaches to international defence financing are aligned and complementary, including by working with other NATO allies on aligning our efforts for increased capability and interoperability
