Sri Lanka Consolidated Acts

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Foreign Loans Act (No. 29 of 1957) - Sect 6

Interpretation. [ 2, 2 of 1962.] [ 6, 1 of 1963.]

5. In this Act, the expression " foreign loan " means a loan in any currency granted by a foreign Government or the agency of a foreign Government or by any international organization or such body of persons outside Ceylon as may be approved by the Government of Ceylon, and includes any sum of money which the Government of Ceylon by an agreement undertakes to pay any such agency, organization or body of persons which discharges any liability of the Government of Ceylon in respect of any transaction between such Government and any person outside Ceylon.


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