Investor Presentaiton

6 The government debt-to-GDP ratio has decreased since the onset of the pandemic shock, while debt management strategies and relative price effects have significantly reduced the dollarization of debt Gross and net debt stock of the Central Government (As of end-period, in % of GDP) 80 Gross debt Currency and maturity composition of debt (As of end-period) Debt in foreign currency (% of total) 80 -Average time to maturity (in years, RHS) 16 Net debt 61.3 57.4 60 60 40 20 56.2 54.6 40 20 12.6 12 45 8 2016 2017 2018 2019 2020 2021 2022 2023 2007 2011 2015 2019 2023Q2 Q2 Source: Debt Management Unit, Ministry of Economy and Finance of Uruguay 28

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