Investor Presentaiton

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) Average time to maturity (in years) 16 Net debt 61.3 57.5 60 12 40 20 56.2 54.7 8 Debt in local currency (% of total) 60 55.0 12.6 40 20 2016 2017 2018 2019 2020 2021 2022 2023 2005 2010 2015 2020 Q2 2023 Q2 Source: Debt Management Unit, Ministry of Economy and Finance of Uruguay. 25

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