(1) Subject to subsection (2), Invest Saint Lucia may borrow sums required by Invest Saint Lucia for meeting any of its obligations or discharging its functions under this Act.
(2) Invest Saint Lucia may borrow, guarantee or secure the repayment of loans only with the approval of the Minister responsible for finance in respect of —
(a) the amount;
(b) the sources of the borrowing; and
(c) the terms and conditions on which the borrowing, security or guaranteeing may be affected.
(3) An approval given in any respect for the purpose of subsection (2) may be either general or limited to a particular borrowing or otherwise, and may be either unconditional or subject to conditions.