(1) The Minister may, by an affirmative Resolution of the House of Assembly, borrow from a bank or other financial institution for any of the following purposes —
(a) the capital or current expenditure of Government;
(b) the purchase of securities issued by a Government or Government agency;
(c) on-lending to a statutory body or public corporation;
(d) making advances or payments to public officers as authorized by an enactment or the Public Service Staff Orders; or
(e) eliminating or mitigating the effects of a disaster.
(2) The Minister may, in writing, authorize the Director of Finance or Head of a Foreign Mission to sign on his or her behalf a loan agreement or guarantee made under this section and section 65.