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0% Azerbaijan Armenia INFLATION: GEORGIA AND PEERS 20% End-2020 ■Jun-21 15% 9.5% 9.9% 9.9% 10% 7.9% 6.5% 6.5% 4.7% 5% Russia Kazakhstan Ukraine Georgia Belarus Turkey Euro Azerbaijan Source: Statistic Offices GEORGIA VS REGION: FX, INFLATION, POLICY RATE Armenia 5.7% 0.1% -1.6% -4.0% -9.0% -11.1% -12.9% -17.3% -18.4% Moldova Georgia CURRENCY WEAKENING VS. US$ Source: Bloomberg Note: +/-appreciation/depreciation period 1-January, 2020 - 31-July, 2021 Kazakhstan 17.5% 20% End-2020 Jul-21 15% 10% 6.25% 6.50% 6.50% 5% 0% Azerbaijan Russia Armenia Ukraine Kazakhstan Ukraine Russia Belarus Turkey -41.4% MONETARY POLICY RATE: GEORGIA AND PEERS Source: Central Banks 8.00% Belarus Georgia 9.25% 9.25% 9.50% Turkey 19.0% 57

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