LOANS ACT - 1970 (ACT 335)

    Section - 3 - Authority to raise External Loans.

    Subject to the provisions of this Act, the Government may, whether on behalf of itself or any other public institution or authority and in such manner and on such terms and conditions as may be agreed between the Government and the party by whom the external loan is to be granted, enter into any agreement providing for the raising by the Republic of an external loan:

    Provided that no such agreement for the raising of an external loan shall be submitted to the Cabinet for its approval except after consultation with the Minister.