Investor Presentaiton

EXTERNAL RESERVES PROVIDE A LIMITED BUFFER AGAINST THE PRESENT SHOCKS The level of reserves had been stable at c. US$ 3bn until the outbreak of the twin crises leaving the external position in a particularly fragile situation with only c. US$ 2bn of international reserves, or c. 1.4 month of imports ECUADOR NET INTERNATIONAL RESERVES US$ M EQUIVALENT IN MONTHS OF IMPORTS 1.8 2.2 2.0 2.3 2.3 2.1 2.1 2.9 2.3 1.8 1.9 2.4 2.2 1.4 5.130 3.973 4.084 4.095 4.098 3.772 3.808 3.282 3.488 3.397 3.568 3.179 3.280 1.990 FEB-19 MAR-19 APR-19 MAY-19 JUN-19 JUL-19 AUG-19 SEP-19 OCT-19 NOV-19 DEC-19 JAN-20 FEB-20 MAR-20 SOURCE: ECUADOR CENTRAL BANK MINISTERIO DE ECONOMÍA Y FINANZAS Lenin Toda una Vida EL GOBIERNO DE TODOS

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