The Commission said that a technical agreement had been reached with Greece and was now subject to political approval. “The AIP is a procedure on which the IMF has relied in the past, where where agreement has been reached on the policy that would underpin an IMF-supported program, but which has not yet resulted in a full agreement between the member and its creditors on new financing or debt relief. In the case of Greece, the PIP would allow the IMF to support policy progress, while the release of funds under the IMF arrangement would be conditional on Greece`s European creditors providing debt cancellation commitments sufficient to ensure debt sustainability. The Greek government hopes to be able to get a new three-year agreement of €86 billion (£60 billion) through Parliament this week. It is also important to note that the AIP supports the IMF`s long-held principle that any new program with Greece should rest on the “two legs” of political reforms combined with debt cancellation. With AIP, the release of IMF funds would depend on implementing policies and maintaining debt relief guarantees in order to be able to consider the debt as sustainable. In addition, the assessment of debt sustainability would be guided exclusively by the IMF`s own debt sustainability analysis. The PIP should include a precautionary agreement for a loan well below the IMF`s exceptional access threshold. The IMF Executive Board will have to define the specific terms of the PIP. Finnish Finance Minister Alexander Stubb, however, was cautious and said more work needed to be done with the details to conclude the deal. www.imf.org/en/About/FAQ/approval-in-principle A legally enforceable but unspecified agreement between the parties, which defines the basic conditions to be agreed or agreed. “I would like to announce my intention to propose to the IMF Executive Board the approval in principle (AIP) of a new IMF stand-by agreement for Greece.
We have reached a provisional agreement in principle on the conditions for a cessation of hostilities that could begin in the coming days, and the modalities for a cessation of hostilities are now closed. In fact, we are now closer to a ceasefire than before. Legally, an agreement in principle is a stepping stone to a contract. These agreements are generally considered fair and equitable with regard to the principle. Although not all the details are known, an agreement in principle may, for example, follow a royalty schedule. Legally, an agreement in principle is a stepping stone to a contract. These agreements are generally considered fair and equitable with regard to the principle. Although not all the details are known, an agreement in principle may, for example, follow a royalty schedule. Or another example could be tax reform, said senior Republican Party advisers in the United States, lawmakers have reached an agreement in principle on the final package. They spoke on condition of anonymity because they were not authorized to speak publicly about private negotiations, as reported by The Associated Press. And I think that in the course of the discussion we had, we reached a provisional agreement in principle on the conditions for a cessation of hostilities that could begin in the coming days. That is why no one should regard today`s important Greek bailout agreement as a lasting happy ending.
His centre-right People`s Party, which has a majority in the Spanish parliament, will ask other parties to vote in favour of the deal, he added. b. agree to conclude an agreement, to negotiate (Polybios, Diodor): μετάυυυάάδκ δηνναρου (see ἐκ, II. 4), Matthew 20:2; with a dative of the person and a genius of the price, ibid. . . .