Intergovernmental Cooperation Agreement 2025

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An intergovernmental agreement (IGA) is any agreement that involves or is made between two or more governments in cooperation to solve problems of mutual concern. Intergovernmental agreements can be made between or among a broad range of governmental or quasi-governmental entities.
They may be as simple as a mutual-aid agreement between two neighboring fire departments, or as complex as the development and operation of a joint water supply for a number of local governments.
: existing or occurring between two or more governments or levels of government.
Intergovernmental cooperation may be defined as an arrangement between or among two or more local governments for achieving common goals, providing a service or solving a mutual problem.
An MOU can also describe what will occur if a party is unable to carry out its responsibilities. An Intergovernmental Agreement (IGA) is a contract between two or more governmental entities that is legally enforceable.
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The Intergovernmental Relations Framework Act, 13 of 2005 defines intergovernmental relations as relationships that arise among different governments or among organs of state from different governments in the conduct of their affairs.
A cooperation agreement acts as a building block for the development of a liability management exercise (LME) with a stressed/distressed borrower, providing pro rata treatment on the ultimate transaction among the participating parties.

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