EHH;ErH;:799?âD ( SHUVRQDVGHFXDWURGLV WULWRV GHFODUDGRV HQ HPHU JHQFLDSRUHOJRELHUQRFHQWUDO (O0LQLVWHULRGH$JULFXOWXUDKD GHVWLQDGRPLOORQHVGHVR OHVSDUDDWHQGHUDODVUHJLR QHVGHFODUDGDVHQHPHUJHQFLD \ TXH SUHVHQWDQ SpUGLGD GH FXOWLYRV\XQLQFUHPHQWRHQ OD PRUWDQGDG GH DQLPDOHV FRPRHQ7DUDWDGRQGHVHKD LQFUHPHQWDGRHQ $/(57$6 (O 6HUYLFLR 1D FLRQDOGH0HWHRURORJtDH+L GURORJtD6HQDPKLDOHUWyTXH ODVWHPSHUDWXUDVHQODVLHUUD VXUGHOSDtVFRQWLQXDUiQGHV FHQGLHQGR FRQ QLYHOHV GH KDVWDJUDGRVEDMRFHURHQ <8'$ 3DUD FRQWUDUUHVWDU ODVORFDOLGDGHVSRUHQFLPDGH VHIHFWRVGHODVKHODGDV\HO ORVPHWURV DMH HO ,QVWLWXWR 1DFLRQDO $GHPiV GHVGH PDxDQD ODV 'HIHQVD&LYLO,QGHFLYLH ]RQDVGHODVLHUUDFHQWUDOWDP HHQWUHJDQGRD\XGDKXPD ELpQHQIUHQWDUiQGHVFHQVRVHQ WDULDFRPRURSDGHDEULJR\ ODVWHPSHUDWXUDVHQHVSHFLDO PHQWRV HQORVGHSDUWDPHQWRVGH3DV \HUOOHJDURQWRQHODGDV FR-XQtQ\/LPDHQORFDOLGD DUHJLyQ7DFQD/RVELHQHV GHVSRUHQFLPDGHORV UiQ HQWUHJDGRV KR\ D ODV PHWURVGHDOWXUD O Q~PHUR GH YtFWLPDV SRUQHXPRQtDFRQWLQ~D DXPHQWDQGRHQODVLHUUD UGHOSDtV(Q&XVFRHO~OWL R LQIRUPH GH OD 'LUHFFLyQ HJLRQDOGH6DOXG'LUHVDUH RUWDEDODPXHUWHGHSHUVR VRFKRGHODVFXDOHVVRQPH RUHVGHFLQFRDxRV RVGHFHVRVQRVRORVHKDQUH VWUDGRHQODVSDUWHVDOWDVGH UHJLyQ/DSURYLQFLDGH/D RQYHQFLyQ XELFDGD HQ OD MDGHVHOYDRFXSDHOWHUFHU JDUFRQFLIUDVPRUWDOHVGH GRDTXHHOGHVFHQVRGHOD PSHUDWXUD \ OD KXPHGDG PELpQFDXVDQHVWUDJRVHQOD PD]RQtD QFSTPOBT FUSPEFMB SFBMJ[BEPBZFS ÂOFTU²QSPIJCJ FSJEBTBEPTJOT SUF5FSSFTUSFEF OBT O OBDJÀO OEFDBDBP SPEVDUPSFTEF HJÂO"NB[POBT ODPOMBEFDMBSB PDJNJFOUPEFMB EFPSJHFO UBMBTPMJDJUVE SMB$PPQFSBUJWB T"HSBSJPTEF QSPBB .PRVFHVB %JDUBOTFOUFODJB DPOUSBHFSFOUFFO DBTP*OUFS5SBEF -BHFSFOUF$PNFSDJBMEFMB FNQSFTB*OUFS5SBEF'BCJPMB )VBQBZB-BEJOFTJOWFTUJHBEB QPSFTUBGBTEFTEFFMBÁP GVFDPOEFOBEBBDVBUSPBÁPT EFQFOBTVTQFOEJEBZBMQBHP EFNJMTPMFTBMPTBHSBWJB EPT)VBQBZBMBCPSBCBQBSBMB FNQSFTBRVFOPDPOUBCBDPO BVUPSJ[BDJÂOEFMB4#4ZFTUBGB CBBMPTJOUFSFTBEPTPGSFDJFOEP HBSBOU½BTQPSFODJNBEFMBT PGFSUBTJNQVFTUBTQPSFMTJTUF NBGJOBODJFSPOBDJPOBM FG@E@ãE 52/$1'2 52'5,&+ ;@I<:KFI :FEJ<AF<;@KFI@8C >ILGF<G<EJ8 I?Jæ97C8?7I" ;B9B?C7J7C8?xD 4XpTXLHUHQSULPHURODVEXHQDVRODV PDODVQRWLFLDV"/DVEXHQDV/HtDKDFH XQRVGtDVHQYDULDVSXEOLFDFLRQHVXQD SiJLQDWLWXODGD&RQRFHHOPDU3DFtILFR 7URSLFDOILUPDGDSRU&OLPDGHFDPELRV XQDLQLFLDWLYDGHOD38&3$SDUHFHHOPDSD GHO3HU~GRQGHVRORHVWiUHVDOWDGRHOFRORU GHODVUHJLRQHVGH7XPEHV\3LXUD9DOHOD SHQDTXHWUDQVFULEDWRGRHOWH[WR(QHVWD ]RQDVHGHVDUUROODODPD\RUSURGXFWLYLGDG SHVTXHUDGHO3HU~KDFRPSXHV WDSRU(OfXUR,VOD)RFD$UUHFLIHVGH3XQ WD6DO\HO%DQFRGH0iQFRUD&RQWLHQHOD PD\RUGLYHUVLGDGELROyJLFDPDULQDGHO 3HU~(VKiELWDWGHPiVGHOGH HVSHFLHVPDULQDV(VIXHQWHGHLQJUHVRV SDUDPiVGHPLOIDPLOLDVTXHVHGHGLFDQ DODSHVFDDUWHVDQDO(VUHIXJLRSDUDOD PD\RUtDGHODVHVSHFLHVGHEDOOHQDV0iV GHODPLWDGGHODSHVFDTXHFRQVXPHQORV SHUXDQRVSURYLHQHGHHVWD]RQD$KRUDODV PDODV(VWDHVXQD]RQDTXHSHUPLWHXQD DOWDFRQFHQWUDFLyQGHSODQWDVLQGXVWULDOHV GHSURFHVDPLHQWRGHHVSHFLHVPDULQDV FX\RVGHVDJHVVDQJXD]DVFRQTXtPLFRV DUURMDQDOPDU6RORHQHOSXHUWRGH3DLWD KD\QRPHQRVGHGHHVWDVSODQWDVTXH OHDJUDGHFHQDVtDOPDUGH*UDXSRUOD ULTXH]DTXHOHH[WUDHQ&DOFXOHQFXiQWDV PiVKDFHQORPLVPRHQWUH6HFKXUD\ 3XHUWR3L]DUUR3HURORVDXWRUHVGHHVWD FRQWDPLQDFLyQQRWLHQHQODFXOSD LUUHVSRQVDEOHV\VLQYHUJHQ]DVYDPRVD HQFRQWUDUVLHPSUH\HQWRGDVSDUWHV6X H[FXVDHVTXHHOJRELHUQRQROHVFRQVWUX\H XQDSR]DGHWUDWDPLHQWRSDUDVX SRUTXHUtD4XH\RVHSDKDFHPDVGH DxRVTXHYHQJRHVFXFKDQGRDODV DXWRULGDGHVSUHRFXSDGDVSRUHVD FRQWDPLQDFLyQ0LOHV\PLOHVGHIROLRV\ H[SHGLHQWHV3HURORVJRELHUQRV UHJLRQDOHVKDEODQSHURQRDFW~DQORV DOFDOGHVRWURWDQWR/RVPLQLVWHULRVQRVH GLJDORVILVFDOHVGHOPHGLRDPELHQWHSHOR WHRROtPSLFR(O~OWLPRILQGHVHPDQD KLFLHURQXQDYLVLWDGHLQVSHFFLyQHO&RPL WpGHJHVWLyQGH]RQDPDULQRFRVWHUDOD $XWRULGDG1DFLRQDOGHO$JXD\OD2()$ 0iVHVORTXHJDVWDQHQYLDMDU'HEHUtDQ SUREDUFRQXQRVPHWURVGHFDGHQD\ FDQGDGRV&ODXVXUHQODVSODQWDVKDVWDTXH HOODVEXVTXHQTXpKDFHUFRQVXVGHVDJHV HVHHVVXSUREOHPD1XQFDGHELHURQ GDUOHVOLFHQFLDGHIXQFLRQDPLHQWRVLQ GHVDJHV2Vt"¤6LWXFDPELDVHOFOLPD WDPELpQ¥(VRGLFHODSiJLQDGHODTXH KDEODED