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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 8 : Loans, Guarantees and other Commitments

Part 2 : Loans by national government

74. Repayment, conversion and consolidation of loans

 

The Minister may, on such terms and conditions as the Minister may determine, and, when necessary, with the concurrence of the lender—

(a) repay any loan prior to the redemption date of that loan;
(b) convert the loan into any other loan; or
(c) consolidate two or more loans into an existing or new loan.