Investor Presentaiton

DEBT MANAGEMENT MAIN OBJECTIVES 1 PROVIDE IMMEDIATE LIQUIDITY RELIEF TO FACE THE COVID-19 OUTBREAK AND THE OIL PRICE COLLAPSE 2 PROVIDE THE NECESSARY BREATHING SPACE FOR A SOUND RECOVERY OF THE ECONOMY, WHICH MAY INVOLVE A FURTHER DEFERRAL OR RESCHEDULING OF THE PAYMENTS THAT THE CONSENT SOLICITATION IS PROPOSING TO DEFER 3 REDUCE FUTURE REFINANCING RISKS AND AVOID REFINANCING WALLS 4 CONTINUE TO WORK WITH THE IMF AND OTHER MULTILATERALS MINISTERIO DE ECONOMÍA Y FINANZAS EL 17 Lenin GOBIERNO DE TODOS Toda una Vida

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