(VFXGRV\SODFDVFRQVLPERORJtDIUDQTXLVWDD~QSHUGXUDQYLVLEOHVHQOD KWWSZZZQRWLFLDVGHDODYDFRPVRFLHGDGHXVNDGLHVFXGRV 'LDULRGH1RWLFLDVGH$ODYD1RWLFLDVGH~OWLPDKRUDORFDOHVQDFLRQDOHVHLQWHUQDFLRQDOHV (VFXGRV\SODFDVFRQVLPERORJtDIUDQTXLVWDD~QSHUGXUDQYLVLEOHVHQODJHRJUDItDDODYHVD HOSDUODPHQWRYDVFR\DKDSHGLGRDODNXDTXHFXPSODFRQODOHJDOLGDG\ORVUHWLUH 6HPDQWLHQHQHQOD&DWHGUDO1XHYD2ODUL]X6DQ9LFHQWH2ODJXtEHO\HQSXHEORVFRPR%DUULREXVWR\/DJXDUGLD D[LHUEXUGDLQ'RPLQJRGH0DU]RGH$FWXDOL]DGRDODVK &DWHGUDOQXHYD8QHQRUPHHVFXGRGHSLHGUDFRQHOiJXLODSUHFRQVWLWXFLRQDOSUHVLGHXQDGHODVIDFKDGDVLQWHULRUHVGHOWHPSOR'1$ YLWRULD6LHWHIRUPDFLRQHVSROtWLFDVHVWiQGHDFXHUGRHQTXHGHVSXpVGHFXDWURDxRVGHODSURPXOJDFLyQGHOD/H\GH0HPRULD+LVWyULFDXQDQRUPDTXHVHKL]RHVSHUDUWUHVODUJDVGpFDGDVVH FXPSODGHXQDYH]SRUWRGDVHODUWtFXORTXHRUGHQDODUHWLUDGDGHPiVGHXQDGRFHQDGHVtPERORVIUDQTXLVWDVH[LVWHQWHVD~QHQÈODYD(OGRFXPHQWRHVWD[DWLYRHQHVWHVHQWLGR\GLFWDOD HUUDGLFDFLyQGHSODFDVEXVWRVHPEOHPDVHVFXGRV\SODFDVTXHH[DOWHQHOUpJLPHQGLFWDWRULDO(O3DUODPHQWR9DVFRWDPELpQORHQWLHQGHDVt\SRUHOORHPSOD]DDO*RELHUQRGH/DNXDDERUUDU XQDVKXHOODVTXHSDUDPXFKRVVRQDXWpQWLFDVKHULGDVDELHUWDV$KRUDVyORUHVWDTXHHO(MHFXWLYRGH/DNXDHODERUHXQFDWiORJRGHHVWRVHOHPHQWRV\SURFHGDDVXHOLPLQDFLyQ $OJXQRVFRPRHOEXVWRGH&DOYR6RWHORHQ/DJXDUGLD\DIRUPDQSDUWHGHOSDVDGRWUDVVXUHFLHQWHUHWLUDGD8QVROLWDULRSHGHVWDOGDIHGHTXHDOOtVHHULJLyODHILJLHGHOTXHIXHVHPLQLVWURGH +DFLHQGDHQWUH\GXUDQWHODGLFWDGXUDGH3ULPRGH5LYHUDSHURRWURVPXFKRVD~QUHFXHUGDQHQÈODYDORVGtDVHQORVTXHHOJHQHUDO)UDQFRSRVWHULRUPHQWHDXWRSURFODPDGR JHQHUDOtVLPRHLQYLFWRFDXGLOORJREHUQyFRPRGLFWDGRU 8QEUHYHSDVHRSRUODFDSLWDODODYHVDPXHVWUDDOYLVLWDQWHFXDWURHVFXGRVSUHFRQVWLWXFLRQDOHVFRQVXViJXLODVLPSHULDOHV\VXVOH\HQGDVXQDJUDQGHOLEUH(OSULPHURVLWXDGRHQHOLQWHULRUGHOD &DWHGUDO1XHYDFRQVWUXFFLyQTXHHOGLFWDGRULQDXJXUyEDMRSDOLRHOGHVHSWLHPEUHGHVHDO]DEDMRHOURVHWyQPXOWLFRORUGHODHQWUDGD(OVHJXQGRYLVLEOHGHVGHODFDOOHVHPXHVWUDHQOR DOWRGHOHGLILFLRGHODQWLJXR3DODFLRGH-XVWLFLDGHODFDOOH2ODJXtEHO'HQWURGHODLJOHVLDGH6DQ9LFHQWHWDPELpQHQ9LWRULDVHHVFRQGHQRWURVGRVHVFXGRVGHODPLVPDtQGROHVLELHQORV UHVSRQVDEOHVGHOWHPSORQRSHUPLWHQTXHVHWRPHQIRWRJUDItDVGHORVPLVPRV)LQDOPHQWHHQORTXHDODFDSLWDOUHVSHFWDPXFKRVEORTXHVGHYLYLHQGDVFRQVWUXLGRVHQODVGpFDGDVGHORV\ PXHVWUDQD~QHQHOH[WHULRUGHVXVSRUWDOHVODVSODFDVTXHHOHQWRQFHV,QVWLWXWR1DFLRQDOGHOD9LYLHQGDDGMXGLFDEDDORVLQPXHEOHVHMHFXWDGRVEDMRHODXVSLFLRGHOPLQLVWHULRGHOUDPR8QDV SODFDVSODWHDGDVFRQHO\XJR\ODVIOHFKDVUHSUHVHQWDWLYRVGHOD)DODQJH (QODORFDOLGDGDODYHVDGH%DUULREXVWRMXQWRDOGLQWHOTXHGDDFFHVRDODSDUURTXLDGH6DQ0LOOiQ$EDGD~QVHPDQWLHQHXQDSODFDHQUHDOLGDGXQDOiSLGDFRQRFKRQRPEUHVLQVFULWRVHQHOOD GHGLFDGDDORVFDtGRVSRU'LRV\SRU(VSDxDTXHOOHYDODILUPDGHVXFXUD$QGUpV)HUQiQGH]HQHODxRGHODYLFWRULD(Q/DJXDUGLDRWUDSODFDDQFODGDHQODIDFKDGDGHXQHGLILFLR ULQGHKRPHQDMHD/XLV5DEDQHUDMHIHGHOWHUFLRUHTXHWpGHÈODYD\WLRDEXHORGHOH[GLSXWDGRJHQHUDOGHOWHUULWRULRPXHUWRJORULRVDPHQWHHOGHDEULOGHSRU'LRV\SRUODSDWULDHQHO IUHQWHGH9L]FD\D YR]XQiQLPH/DLQLFLDWLYDWUDQVDFFLRQDOSUHVHQWDGDDQWHHO3DUODPHQWR9DVFRSRU$UDODU\ILUPDGDSRU36(\319VREUHODUHDOL]DFLyQGHOFDWiORJRGHVtPERORVIUDQTXLVWDVTXHVHFLWDHQOD/H\ GH0HPRULD+LVWyULFDIXHDSUREDGDSRUXQDQLPLGDGHQIHEUHUR(O33WDPELpQYRWyDILUPDWLYDPHQWHDODHQPLHQGDSHVHDTXHVXJUXSRKDEtDYRWDGRHQFRQWUDGHODFLWDGDOH\HQHO&RQJUHVR HVSDxRO(OSDUODPHQWDULRGH$UDODU'DQL0DH]WXVXEUD\yODLPSRUWDQFLDGHOSDVRGDGRSDUDTXHHOFDWiORJRVHDUHDOL]DGR\VHDYDQFHHQWHUPLQDUFRQODLPSXQLGDGTXHHOIUDQTXLVPRKDWHQLGR HQQXHVWUDVSOD]DVFDOOHV\VLWLRVS~EOLFRV 6LQHPEDUJRRWUDVDJUXSDFLRQHVFRPROD3ODWDIRUPDGH)DPLOLDUHVGH9tFWLPDVGHOD5HEHOLyQ0LOLWDUGH/DX+DL]HWDUD*RJRDQTXHDSODXGHQODLQLFLDWLYDUHFODPDQGDUXQSDVRPiVDOOi 3LGHQDO*RELHUQR9DVFRTXHLQLFLHXQDUHFRJLGDGHGHFODUDFLRQHVSURWRFRORUL]DGDVGHODVYtFWLPDV\IDPLOLDUHVFRQHOILQGHSURFHGHUFRQHIHFWLYLGDG\HILFLHQFLDDODUHFRJLGDGHWHVWLPRQLRV TXHWHQJDQYDOLGH]MXGLFLDO(QODDFWXDOLGDGH[LVWHXQFRQYHQLRHQWUH/DNXD\OD6RFLHGDG$UDQ]DGLSDUDUHFRJHUWHVWLPRQLRVDOJRTXH/DX+DL]HWDUD*RJRDQYHFODUDPHQWHLQVXILFLHQWH 7DPSRFRFRLQFLGHQHQODPHWRGRORJtDDDSOLFDU\DTXHIUHQWHDODFRQYHUVDFLyQOLEUHTXHSURSRQHHO(MHFXWLYRHOORVSODQWHDQHOSURWRFRORDFHSWDGRSRUHO'HSDUWDPHQWRGH-XVWLFLD\ $GPLQLVWUDFLyQ3~EOLFD\XQDJUDEDFLyQHQYtGHRGHODHQWUHYLVWDODLQIRUPDFLyQVHHGLWDUtDHQIRUPDWRHOHFWUyQLFR\SDVDUtDDIRUPDUSDUWHGHXQDEDVHGHGDWRVUHODFLRQDOTXHLQFOXVRFRQWDUtD FRQPXHVWUDVGH$'1(QGLFKDEDVHGHGDWRVWDPELpQVHYROFDUtDODLQIRUPDFLyQGHORVPiVGHH[SHGLHQWHVVREUHSULVLRQHURV\RWUDVFXHVWLRQHVTXHREUDQHQSRGHUGH$UDQ]DGL\GHO *RELHUQR9DVFR &DUJDQGRFRPHQWDULRV £+HFKR