Canada will not pay US$1B for permanent seat on proposed Board of Peace, finance minister says
Latest news on WhatsApp أجدد الأخبار على واتسابCanada’s Finance Minister Francois-Philippe Champagne said Ottawa does not intend to pay a reported US$1 billion fee to secure permanent membership in the proposed “Board of Peace,” stressing that Canada is reviewing the initiative but is not committing to the price tag associated with long-term status.
Champagne made the remarks on the sidelines of the World Economic Forum in Davos on Tuesday, January 20, 2026. He said key details are still being worked out, including the board’s structure, terms of reference, and how it would operate, adding that a final decision would depend on the full conditions once all elements are clarified.
His comments come as multiple governments weigh the Davos-launched proposal cautiously, amid questions about the board’s mandate, its relationship with existing international institutions, and how it would be financed. In Canada, the reported “pay-for-permanence” model has drawn scrutiny, with Champagne stating Ottawa will not pay the US$1B fee even if it continues discussions on the broader framework.
