Common use of Financing Needs Clause in Contracts

Financing Needs. The Commission and the ESM will assess the financing gap and determine financing needs. The Commission will provide projections for the budgetary path, other debt creating or reducing flows such as arrears clearance, privatisation proceeds and other country specific elements. The ESM will notably focus on medium- and long-term debt redemption, size of cash buffers for short-term liquidity purposes and for easing market re-entry or maintaining market access at reasonable rates, risks to market funding and any technical liability management exercises planned or being conducted by the DMO.