“If we conclude the discussions in April in Washington, I think we could present an agreement on the agreement to prepare for approval by the IMF Executive Board in June,” he said, adding that good progress had been made in the discussions since November. First, Revision C of the SOP requires that a copy of the custody note be appended to the preparation agreement. Where the custodial debt is a shareholder`s debt or other debts owed to the entity`s principal, there is often no evidence of the debt that is present only in the applicant`s financial statements. In this case, the borrower must write a note and make a copy available to the lender. Structural adjustment programmes have long been criticised for making excessive demands for austerity in the recipient country in exchange for financial aid. This criticism has been less acute in recent years, particularly since 2009, when the IMF`s policy towards the SBA was modified to better meet the needs of recipient countries. One exception may be Greece, which came close to a sovereign debt crisis in 2010 and 2011. The resulting significant cuts in public spending have led to mass protests and riots. In this case, criticism has been increasingly directed against the requirements for euro membership, given that the large amount of financial aid also comes from other eurozone countries instead of an IMF preparation agreement. T22 [3] [4] In certain circumstances, an SBA lender may be required to obtain a standby loan agreement as part of its SBA lending operations.