Borrowing

(1) The Corporation may, with the approval of the Minister, and subject to principles of sound fiscal management, borrow sums domestically or internationally, as required by it for meeting any of its obligations or discharging any of its (2) The Corporation may issue debentures or bonds for the purpose of exercising its borrowing powers under this Act. 25 (3) In consideration of the resultant contingent liability on the balance sheet of Government, the Corporation must obtain approval of the National Assembly to increase its amount of foreign debt. (4) An aggregate domestic debt in excess of five million Belize dollars (BZ$5,000,000) shall be subject to prior approval of the National Assembly.