Investor Presentaiton

General Government Consumption Expenditure Y-o-Y Change Base Scenario 3.2 Macroeconomic Program 2019-2020 Costa Rica 3.5 3.1 3.0 2.5 2.0 1.5 1.0 0.5 2017 0.5 2018 2019 --- Scenario w/o effects from 2018 strike 3.5 3.1 3.0 2.5 2.5 2.0 1.5 1.0 0.5 2017 2018 2020 1.2 1.1 2019 2020 Source: Central Bank of Costa Rica GDP Growth Government's consumption. expenditure reflects "rebound" from negative effects of the 2018 strike, despite efforts to rein in expenditure. 27 27

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