Investor Presentaiton

Current account deficit fully financed by FDI, on the back of a resilient balance of goods and services... Current account balance and FDI (Rolling 4-quarters, in % of GDP) 8.0 CAB 6.0 4.0 2.0 O.O -2.0 -4.0 2017Q4 FDI CAB+FDI Source: Central Bank of Uruguay. Goods and services balances (Rolling 4-quarters, in % of GDP) 9 Balance of Services 6.4 7 5 2.7 3 1 Balance of Goods -Trade Balance of Goods and Services 17 4.5 0.7 3.8 -1 -3.7 2020Q3 2023Q2 2017Q4 2020Q3 2023Q2 18

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