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7 Proactive sovereign debt management strategies to de-risk debt portfolio and diversify investor base Improvements in currency and maturity structure of debt in line with debt management goals set in the budget Gross and Net Debt Stock of the Central Government (As of end-period, in % of GDP) 80 Currency and Maturity Composition of Debt (As of end-period) 60 40 20 Gross Debt Net Debt 62.6 40 20 Debt in Local Currency (% of total) -Average Time to Maturity (in years, RHS) 15 13.7 13 47.5 11 9 7 2016 2017 2018 2019 2020 2021Q2 2005 2009 2013 2017 2021Q2 (*) (*) Preliminar Source: Debt Management Unit, Ministry of Economy and Finance of Uruguay 31

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