21. Supplier’s Credit agreements entered into by the Government

Subject to the provisions of this Act, the Minister shall have the sole authority to enter into supplier’s credit agreements for procurement of capital goods or construction or maintenance for public investment projects on behalf of the Government.

Supplier’s credit agreements that come under the purview of the Office shall be as prescribed. Prior to entering into such agreements, the Office shall assess the cost incurred by the Government in entering into such agreements and send the recommendation to the Minister or to the person specially authorized by the Minister.