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Investor Presentaiton

LO 5 4 3 2 Active pre-funding policy has build-up central government's liquidity reserves Financial Buffers and Debt Service Obligations (in USD billions, as of December 2017)(*) Credit Lines with Multilaterals USD2.4bn Large liquidity buffers: ➤ Underpin the credit quality of the sovereign Liquid Assets USD2.2bn Debt Service in 2018 USD2.9bn(**) Provide flexibility when deciding timing, strategy and format of capital market transaction (*) preliminary data (**) Amortization plus interest payments Source: Debt Management Unit, Ministry of Economy and Finance 13

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