Sri Lanka Consolidated Acts

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Regional Development Banks Act (No. 6 of 1997) - Sect 22

Borrowings from foreign Governments &c

22. The Bank may, with the written prior approval of the Monetary Board granted in concurrence with the Minister from time to time, borrow from any foreign Government, or any other source whatsoever outside Sri Lanka, any sum of money on such terms and conditions as to the interest thereon, and the repayment thereof, as may be approved by the Monetary Board with the Concurrence of the Minister.


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