Investor Presentaiton

Government's proactive debt management strategy: reduce roll- over risk and FX exposure in short term debt Currency and maturity structure of Government debt (End-period) Debt in Foreign Currency (% of total) Government debt maturing in next 12 months (in % of total of total debt outstanding, as of end of each period) 100 75 50 25 Average Time to Maturity (in years, RHS) 15 14,4 15.5 ■Foreign Currency Local Currency 12 57,6 9 4.5 0 6 2005 2020Q1 2005 2008 2011 2014 2017 2020Q1 Source: Debt Management Unit, Ministry of Economy and Finance 27

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