ATHENS — Greece and its international creditors said on Tuesday that they had reached a preliminary deal allowing the country to receive crucial bailout payments in exchange for promises to raise taxes and to further cut pensions and social spending.

The agreement — the culmination of months of talks — paves the way for the transfer of more than 7 billion euros, or about $7.6 billion, of emergency funds to Athens. It also comes before a series of elections in France, Britain and Germany in the coming days and months, with European officials eager to avoid giving fuel to far-right parties.

Under the terms of the agreement, which is subject to the approval of eurozone finance ministers and the Greek Parliament, Athens will make changes to its labor and energy markets, cut pension payouts, and increase taxes.

The deal was a prerequisite for talks on easing Greece’s enormous debt burden, which is about €300 billion. The issue is a point of contention between the International Monetary Fund, which advocates debt relief for the country, and European Union members, notably Germany, which have taken a harder line against Athens.