Investor Presentaiton

Government and the Central Bank implemented policy measures to mitigate the economic and social fallout Fiscal policy measures Protect household income and human capital through direct income transfers, expanded unemployment and health insurance, tax relief and deferral of mortgage obligations. Income transfers to vulnerable households to cover food expenses and basic needs. • Targeted temporary deferrals in payroll, VAT and other income taxes, and partial reduction of mortgage obligations in state-owned mortgage bank. Expanded social safety net for unemployment and health insurance: more flexible terms for unemployment claims, allowing firms to place employees in part-time schedules. O provision of unemployment benefit to self- employed workers. O Extensions of sick leave insurance for private sector workers 65+ years old, thus providing sick leave compensation for all elderly formal workers in the country. • Credit and liquidity support Preserve the financial health and credit quality of micro, small and medium-sized enterprises (SMEs) to ensure functioning payment systems and supply chains between producers, suppliers, intermediaries and creditors. Capitalization of the National Guarantee System (SIG) for USD 500 million to leverage banking system loans to SMEs for up to USD 2.5 billion, and reducing the commission charged for guarantees. • State-owned development bank (BROU) introduced more flexible loan repayment and financing terms. • The National Development Agency launched direct credit program for micro-entrepreneurs at subsidized rates. • The Central Bank deployed countercyclical monetary policy tools: o reduced commercial banks' local currency reserve requirements to inject additional liquidity into the financial system. o eased bank regulations, authorizing financial institutions to defer companies' loan payments coming due for up to 180 days. 00 6

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