(1) Subject to the provisions of this Act, the Bank may borrow money for meeting any of its obligations and discharging any of its functions.
(2) The Bank may issue debentures or any other security for the purpose of securing any borrowing under this section.
(3) With the approval of Parliament, the Government may guarantee in such manner and on such conditions as it may think fit, the repayment of principal and the payment of interest and other charges in respect of any borrowing by the Bank.
(4) Where the Minister is satisfied that there has been default in the repayment of any principal or the payment of any interest or other charges guaranteed under the provisions of this section, the Minister may with the approval of Parliament, direct the payment out of the Consolidated Fund of the amount in respect of which there has been such default.
(5) The Bank shall make to the Accountant General payments including interest and other charges at such time and in such manner as the Minister may direct towards repayment of the sums issued in default of any guarantee given under this section.