Revised Laws of Saint Lucia (2021)

18.   Borrowing powers

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    (1)   Subject to the provisions of this Act, Export Saint Lucia may borrow sums required by it for meeting any of its obligations or discharging any of its functions under this Act. (Amended by Act 8 of 2019)

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    (2)   The power of Export Saint Lucia to borrow is exercisable only with the approval of the Minister responsible for finance which includes approval for the amount, the sources of borrowing and the terms on which the borrowing may be effected. (Amended by Act 8 of 2019)

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    (3)   Approval given under subsection (2) may be either general or limited to a particular borrowing or otherwise and may be subject to conditions.