Sri Lanka Consolidated Acts

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Foreign Loans (Amendment) Act (No. 33 of 1984) - Sect 2

Amendment of Section 5 of Chapter 313. [2,33 of 1984]

2. Section 5 of the Foreign Loans Act is hereby amended by the substitution for the definition of "foreign loan" of the following definition: " foreign loan " means a loan or any form or financial credit or accommodation in any currency granted to the Government of Sri Lanka, or to a public corporation, or public enterprise -
(a) by a foreign Government or the agency of a foreign Government; or
(b) by any international organisation; or
(c) by a person or body of persons outside Sri Lanka, whether corporate or unincorporate, as may be approved by the Government of Sri Lanka generally or in respect of a particular transaction; or as may be approved by the Minister where the Minister is of the opinion that having regard to the nature of the transaction, the identity of such person or body of persons, cannot be ascertained expeditiously,


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