Investor Presentaiton

4 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) CAB 5.0 FDI 4.0 CAB + FDI 3.0 2.0 1.0 0.0 -1.0 -2.0 -3.0 -4.0 2017Q3 Source: Central Bank of Uruguay. Goods and services balances (Rolling 4-quarters, in % of GDP) 9 5.4 Balance of Services Balance of Goods 7 -Trade Balance of Goods and Services 5.7 2.6 5 3 1 T 1.0 4.7 -2.8 -1 2020Q2 2023Q1 2017Q3 2020Q2 2023Q1 21

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