Investor Presentaiton

8 Developing a Sustainability-Linked Sovereign Bond for Uruguay · The Ministry of Finance of Uruguay, together with the Ministries of Environment, Industry and Energy and Agriculture and Livestock, is working on a novel Sovereign SLB tied to Uruguay`s climate action outcomes. We plan to follow a "performance-based" approach: embedding environmental targets based on Greenhouse Gas (GHG) emissions, as set out in the NDCs submitted by Uruguay under the Paris Agreement. ➡ Connecting the objectives of sovereign debt funding with the imperative of tackling climate further strengthens the commitment of the country to its sustainability agenda, enhancing accountability and credibility. I I 1 I I 1 I I I I 40

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