(1) The Minister may, by resolution of Parliament, borrow from any bank or other financial institution for any of the following purposes—
(a) the capital or recurrent expenditure of Government;
(b) the purchase of securities issued by any Government or government agency;
(c) on-lending to any statutory body or public corporation; or
(d) making advances or payments to public officers as authorised by any enactment or the Staff Orders.
(2) The Minister may, in writing, authorise the Director of Finance and Planning or Head of a Foreign Mission to sign on his or her behalf any loan agreement or guarantee made under section 38 or 39.
(3) In this section “staff orders” means the staff orders for the Public Service of Saint Lucia.