Consejería de Sanidad - Gobierno de Canarias

Anuncio
Consejería de Sanidad
2ILFLQDGH'HIHQVDGHORV'HUHFKRVGH
ORV8VXDULRV6DQLWDULRV\WUDPLWDFLyQGH
ODVUHFODPDFLRQHVVROLFLWXGHVLQLFLDWLYDV
\VXJHUHQFLDVHQHOiPELWRVDQLWDULR
(GLFLyQ
&RQVHMHUtDGH6DQLGDG
&RRUGLQDFLyQ
2¿FLQDGH'HIHQVDGHORV'HUHFKRV
GHORV8VXDULRV6DQLWDULRV
'LVHxR\PDTXHWDFLyQ
0HWUySROLV&RPXQLFDFLyQ
'HSyVLWR/HJDO
[[[[[[[[
'(5(&+26<'(%(5(6'(/868$5,2'(/$6$1,'$'
8QRGHORVREMHWLYRVSULRULWDULRVDVXPLGRVSRUOD&RQVHMHUtDGH6DQLGDGFRPR
HQWLGDGGHVHUYLFLRS~EOLFRHVJDUDQWL]DUXQDSUHVWDFLyQDVLVWHQFLDOHILFD]GLOLJHQWH
\KXPDQDDWRGDODFLXGDGDQtDUHVLGHQWHHQQXHVWUD&RPXQLGDG$XWyQRPD(QHVD
WDUHD HVWiQ FRPSURPHWLGRV ORV PLOHV GH SURIHVLRQDOHV TXH FRQIRUPDQ HO VLVWHPD
VDQLWDULR S~EOLFR GH &DQDULDV WDQWR GHVGH OD $WHQFLyQ 3ULPDULD FRPR GHVGH OD
(VSHFLDOL]DGD1RREVWDQWHWDPELpQVRPRVFRQVFLHQWHVTXHGDGDODFRPSOHMLGDG
DPSOLWXG\VHQVLELOLGDGGHOYDVWRXQLYHUVRTXHUHSUHVHQWDXQVLVWHPDS~EOLFRFRPR
HOVDQLWDULRVHSXHGHQSURGXFLUDOWHUDFLRQHVRGLVIXQFLRQHVHQHOQRUPDOGHVDUUROOR
GHHVWDVSUHVWDFLRQHVDORVXVXDULRV
(VSRUHOORTXHHVWD&RQVHMHUtDGLVSRQHGHXQDVHULHGHKHUUDPLHQWDVOHJDOPHQWH
HVWDEOHFLGDVTXHSHUPLWHQJDUDQWL]DUORVGHUHFKRVGHDTXHOORVXVXDULRVTXHFRQVLGH
UDQQRKDEHUUHFLELGRODSUHVWDFLyQTXHPHUHFHQ&RQRFHUORVGHUHFKRVGHOFLXGDGDQR
SHURWDPELpQVXVREOLJDFLRQHVFRPRXVXDULRGHXQVHUYLFLRS~EOLFRHVFRQGLFLyQLQ
GLVSHQVDEOHSDUDHOFRUUHFWRIXQFLRQDPLHQWRGHFXDOTXLHUDGPLQLVWUDFLyQS~EOLFD
&RQWDUFRQODGRFXPHQWDFLyQSUHFLVDSDUDHVWDUELHQLQIRUPDGRVREUHORVVHUYLFLRV
DORVTXHSXHGHWHQHUDFFHVRHOXVXDULR\ORVUHTXLVLWRVSDUDVXXVRDVtFRPRUHFLELU
LQIRUPDFLyQVREUHVXSURFHVRGLDJQyVWLFRSURQyVWLFRDOWHUQDWLYDVGHWUDWDPLHQWR
\VREUHWRGRWHQHUFRQRFLPLHQWRGHWRGDVODVYtDVGHUHFODPDFLyQ\VXJHUHQFLDVD
ODVTXHWLHQHGHUHFKRFRQVWLWX\HQSDUDOD$GPLQLVWUDFLyQ6DQLWDULD&DQDULDXQYDORU
LPSRUWDQWHWDQWRSDUDHOFLXGDGDQRFRPRSDUDODSURSLDLQVWLWXFLyQFRPRIyUPXOD
SDUDFRQRFHUODUHDOLGDGGHOiPELWRVDQLWDULRHQODV,VODV
(VWDV VRQ ODV UD]RQHV TXH KDQ OOHYDGR D OD &RQVHMHUtD GH 6DQLGDG D UHHGLWDU OD
*XtDGHOD2ILFLQDGH'HIHQVDGHORV'HUHFKRVGHORV8VXDULRV6DQLWDULRV2''86
\WUDPLWDFLyQGHODVUHFODPDFLRQHVVROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDVHQHOPDUFR
VDQLWDULRHQHOTXHVHLQFOX\HHOGHFUHWRGHGHPD\RTXHFRQWLHQHOD
UHJXODFLyQ VREUH OD HVWUXFWXUD \ IXQFLRQDPLHQWR GH OD 2ILFLQD GH 'HIHQVD GH ORV
8VXDULRV6DQLWDULRV
(VWHGRFXPHQWRGHIiFLOPDQHMRSDUDORVXVXDULRVWDPELpQFRQWLHQHOD2UGHQGH
GHVHSWLHPEUHGHSRUODTXHVHGHVDUUROODHO'HFUHWRGHGHPD\R
HQHOTXHVHLQFOX\HHOPRGHORGHLPSUHVRV\GHKRMDVGHUHFODPDFLRQHVVROLFLWXGHV
LQLFLDWLYDV\VXJHUHQFLDVHQHOiPELWRVDQLWDULR
'HVGHHVWD&RQVHMHUtDYHODPRVSRUODGHIHQVDGHORVGHUHFKRV\GHEHUHVGHSD
FLHQWHV\XVXDULRVGHODVDQLGDGFDQDULDSRUORTXHVHFRQWLQ~DGRWDQGRGHXQLQV
WUXPHQWRLPSRUWDQWHTXHQRHVRWURTXHODUHFODPDFLyQ\GHIHQVDGHWDOHVGHUHFKRV
DQWHORVVHUYLFLRVSUHVWDGRVFRQHOREMHWLYRGHFRQVHJXLUXQDVDQLGDGPHMRU\GH
PD\RUFDOLGDGSDUDWRGRV
&RQVHMHUDGH6DQLGDGGHO*RELHUQRGH&DQDULDV
'(&5(72GHGHPD\RSRUHO
TXHVHUHJXODODHVWUXFWXUD\HOIXQFLRQDPLHQWR
GH OD 2¿FLQD GH 'HIHQVD GH ORV 'HUHFKRV GH
ORV8VXDULRV6DQLWDULRV\ODWUDPLWDFLyQGHODV
UHFODPDFLRQHVVROLFLWXGHVLQLFLDWLYDV\VXJH
UHQFLDVHQHOiPELWRVDQLWDULR%2&Q~PHUR
0LpUFROHVGH-XQLRGH
ODRUJDQL]DFLyQGHOKRVSLWDOVHUYLFLRVGLVSRQLEOHV
KRUDULRV GH IXQFLRQDPLHQWR \ GH YLVLWDV \ RWUDV
DFWLYLGDGHV TXH SXHGDQ D\XGDUOHV IDFLOLWDUOHV \
PHMRUDU VX HVWDQFLD HQ HO PLVPR DVt FRPR GH
WUDPLWDFLyQ\SURSXHVWDGHUHVROXFLyQDO'LUHFWRU
*HUHQWHGHODVUHFODPDFLRQHVTXHMDV\VXJHUHQFLDV
GHORVXVXDULRV
3RUVXSDUWHOD/H\GHGHMXOLRGH
2UGHQDFLyQ6DQLWDULDGH&DQDULDVGHGLFDHO&DSt
WXOR,,GHVX7tWXOR3ULPHURDODUHJXODFLyQGHORV
GHUHFKRV\GHEHUHVGHORVFLXGDGDQRVHVSDxROHVHQ
HOPDUFRGHO6LVWHPD&DQDULRGHOD6DOXGDVtFRPR
GHORVPHGLRVTXHJDUDQWL]DQODSOHQDHIHFWLYLGDGGH
GLFKRVGHUHFKRV\GHEHUHV
(QUHODFLyQFRQHVWH~OWLPRDVSHFWRGHJDUDQWtD
GH OD HIHFWLYLGDG GH ORV GHUHFKRV \ GHEHUHV HO
DUWtFXORGHODUHIHULGD/H\VHxDODTXH
ORVVHUYLFLRVFHQWURV\HVWDEOHFLPLHQWRVVDQLWDULRV
S~EOLFRV \ SULYDGRV GHEHUiQ GLVSRQHU \ HQ VX
FDVRWHQHUSHUPDQHQWHPHQWHDGLVSRVLFLyQGHORV
XVXDULRV
D,QIRUPDFLyQDFFHVLEOHVX¿FLHQWH\FRPSUHQVLEOH
VREUHORVGHUHFKRV\GHEHUHVGHORVXVXDULRV
E)RUPXODULRVGHVXJHUHQFLDV\UHFODPDFLRQHV
F 3HUVRQDO \ ORFDOHV ELHQ LGHQWL¿FDGRV SDUD OD
DWHQFLyQGHODLQIRUPDFLyQUHFODPDFLRQHV\VXJH
UHQFLDVGHOS~EOLFR
/D /H\ GH GH DEULO *HQHUDO GH
6DQLGDG UHJXOD ORV GHUHFKRV \ REOLJDFLRQHV GHO
FLXGDGDQRFRQUHVSHFWRDODVGLVWLQWDVDGPLQLVWUD
FLRQHVS~EOLFDVVDQLWDULDV\HQWUHORVSULPHURVFDEH
FLWDUHOGHUHFKRGHOFLXGDGDQRDODLQIRUPDFLyQVREUH
ORVVHUYLFLRVVDQLWDULRVDTXHSXHGHDFFHGHU\ORV
UHTXLVLWRVQHFHVDULRVSDUDVXXVRDODLQIRUPDFLyQ
VREUHVXSURFHVRLQFOX\HQGRGLDJQyVWLFRSURQyVWLFR
\DOWHUQDWLYDVGHWUDWDPLHQWRDVtFRPRHOGHUHFKR
DXWLOL]DUODVYtDVGHUHFODPDFLyQ\GHSURSXHVWDGH
VXJHUHQFLDV
$SDUWLUGHODFLWDGD/H\*HQHUDOGH6DQLGDG
SDUDORV+RVSLWDOHVJHVWLRQDGRVSRUHO,QVDOXGVH
FUHDQSRUHO5HDO'HFUHWRGHGHDEULO
ORV 6HUYLFLRV GH$WHQFLyQ DO 3DFLHQWH DGVFULWRV D
ODV*HUHQFLDVGHORV+RVSLWDOHVTXHGHVGHHQWRQFHV
YLHQHQFXPSOLHQGRFRQODVIXQFLRQHVGHDWHQFLyQDO
SDFLHQWHRDVXVSDULHQWHVSUy[LPRVUHSUHVHQWDQWHV
RDFRPSDxDQWHVGHLQIRUPDFLyQDORVPLVPRVVREUH
(OSUHVHQWHWH[WRUHFRJHODVPRGL¿FDFLRQHVLQWURGXFLGDVSRUHO'HFUHWRGHGHMXOLR%2&QžGH/DH[SRVLFLyQ
GHPRWLYRVGHGLFKR'HFUHWRHVGHOVLJXLHQWHWHQRUOLWHUDO
³0HGLDQWHHO'HFUHWRGHGHPD\RSRUHOTXHVHUHJXODQODHVWUXFWXUD\HOIXQFLRQDPLHQWRGHOD2¿FLQDGH'HIHQVDGHORV'HUHFKRV
GHORV8VXDULRV6DQLWDULRV\ODWUDPLWDFLyQGHODVUHFODPDFLRQHVVROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDVHQHOiPELWRVDQLWDULRVHGLRFXPSOLPLHQWR
DOPDQGDWRFRQWHQLGRHQHODUWtFXORGHOD/H\GHGHMXOLRGH2UGHQDFLyQ6DQLWDULDGH&DQDULDVHQHOFXDOVHSUHYpODH[LVWHQFLD
HQOD$GPLQLVWUDFLyQFDQDULDGHXQDXQLGDGHVSHFt¿FDTXHFRQODLQGLFDGDGHQRPLQDFLyQVHHQFDUJDVHGHDWHQGHUODVVROLFLWXGHV\UHFODPDFLRQHV
GHORVXVXDULRVGHORVVHUYLFLRVVDQLWDULRV(QYLUWXGGHOVHxDODGR'HFUHWRGHGHPD\RVHGHWHUPLQDURQQRUPDWLYDPHQWHODViUHDVGH
DFWXDFLyQGHOD2¿FLQDDVtFRPRODVUHJODVPtQLPDVGHDFWXDFLyQTXHULJHQVXIXQFLRQDPLHQWR
7UDVGRVDxRVGHYLJHQFLDGHODHVWUXFWXUD\QRUPDVGHIXQFLRQDPLHQWRGHOD2¿FLQDGH'HIHQVDGHORV'HUHFKRVGHORV8VXDULRV6DQLWDULRV
ODH[SHULHQFLDDGTXLULGDDFRQVHMDUHYLVDUODVSUHYLVLRQHVIXQGDPHQWDOPHQWHRUJDQL]DWLYDVTXHHVWDEOHFLyODFLWDGDQRUPD$VLPLVPRHOLQFUH
PHQWRFRQVWDQWHGHODXWLOL]DFLyQTXHORVXVXDULRVGHORVVHUYLFLRVVDQLWDULRVKDFHQGHOGHUHFKRDIRUPXODULQLFLDWLYDV\UHFODPDFLRQHVDFHUFDGHO
IXQFLRQDPLHQWRGHO6LVWHPD&DQDULRGHOD6DOXGGHPDQGDXQDQHFHVDULDUHIRUPDGHOSURFHGLPLHQWRGHUHVSXHVWD\GHORVyUJDQRVHQFDUJDGRV
GHHIHFWXDUODPLVPD
(OSUHVHQWH'HFUHWRPDQWHQLHQGRODHVWUXFWXUDFHQWUDOGHOD2¿FLQDGH'HIHQVDGHORV'HUHFKRVGHORV8VXDULRV6DQLWDULRVGHSHQGLHQWHGHOD
&RQVHMHUtDFRPSHWHQWHHQPDWHULDGHVDQLGDGGHVFHQWUDOL]DODFDQDOL]DFLyQ\UHVSXHVWDGHODVLQLFLDWLYDVGHORVXVXDULRV\GHOPHFDQLVPRGH
UHVSXHVWDDFHUFDQGRODPLVPDDORVVHUYLFLRVTXHGLUHFWDPHQWHSUHVWDODDVLVWHQFLDVDQLWDULDS~EOLFDVLQSHUMXLFLRGHPDQWHQHUHOXOWHULRUFRQWURO
SRUSDUWHGHDTXpOOD
/DUHVSXHVWDDODVUHFODPDFLRQHV\DODVVROLFLWXGHVGHLQIRUPDFLyQTXHIRUPXOHQORVXVXDULRVVDQLWDULRVVHUHDOL]DUiSRUORVyUJDQRVSUHVWDGRUHV
GHORVVHUYLFLRVHQHOFDVRGHTXHpVWRVWHQJDQFDUiFWHUS~EOLFRVLQSHUMXLFLRGHODSRVLELOLGDGGHIRUPXODFLyQGHGLVFUHSDQFLDDQWHHOWLWXODUGH
OD&RQVHMHUtDFRPSHWHQWHHQPDWHULDGHVDQLGDGHQHOFDVRGHGLVFRQIRUPLGDGGHOXVXDULRFRQODLQLFLDOFRQWHVWDFLyQ1RREVWDQWHVHPDQWLHQHQ
UHVLGHQFLDGDVHQODXQLGDGFHQWUDOGHOD2¿FLQDDTXHOODVUHFODPDFLRQHVGHHVSHFLDOLPSRUWDQFLDRGHLQFLGHQFLDVREUHGLIHUHQWHVyUJDQRVSUHV
WDGRUHVGHOVHUYLFLRVDQLWDULR
$VLPLVPRVHLQFRUSRUDQFRPRSULQFLSLRVUHFWRUHVGHODDFWXDFLyQGHOD2¿FLQDORVUHFRJLGRVHQODOHJLVODFLyQUHJXODGRUDGHOUpJLPHQMXUtGLFR
GHODV$GPLQLVWUDFLRQHV3~EOLFDV
(QVXYLUWXGDSURSXHVWDFRQMXQWDGHORV&RQVHMHURVGH3UHVLGHQFLDH,QQRYDFLyQ7HFQROyJLFD\GH6DQLGDG\&RQVXPR\SUHYLDGHOLEHUDFLyQ
GHO*RELHUQRHQVXUHXQLyQGHOGtDGHMXOLRGH´
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
&RQHOOROD/H\GH2UGHQDFLyQ6DQLWDULD&DQDULD
DPSOtDDODHVIHUDVDQLWDULDSULYDGDORVGHUHFKRV\
GHEHUHVGHORVXVXDULRVVDQLWDULRVDVtFRPRODDSOL
FDFLyQGHORVPHGLRVHLQVWUXPHQWRVTXHJDUDQWL]DQ
VXFXPSOLPLHQWR
3RURWUDSDUWH\FRQHO¿QGHDVHJXUDUODDSOL
FDFLyQGHHVWRVPHGLRVGHJDUDQWtDTXHODQRUPD
RWRUJD D WRGRV ORV FLXGDGDQRV HVSDxROHV GHQWUR
GHO 6LVWHPD &DQDULR GH OD 6DOXG HO DSDUWDGR GHO PHQFLRQDGR DUWtFXOR GH OD /H\ GLVSRQH H[SUHVDPHQWH TXH HQ OD$GPLQLVWUDFLyQ
FDQDULDKDEUiXQDXQLGDGDGPLQLVWUDWLYDHVSHFt¿FD
GHQRPLQDGD2¿FLQDGH'HIHQVDGHORV'HUHFKRVGH
ORV8VXDULRV6DQLWDULRVFRQGHSHQGHQFLDRUJiQLFD
\IXQFLRQDOGHOD&RQVHMHUtDFRPSHWHQWHHQPDWHULD
GHVDQLGDG\TXHHVWDXQLGDGHVWDUiHVSHFt¿FDPHQWH
HQFDUJDGDGHDWHQGHUVROLFLWXGHV\UHFODPDFLRQHV
GHORVXVXDULRVGHORVVHUYLFLRVVDQLWDULRVS~EOLFRV
\SULYDGRV
/D FUHDFLyQ GH OD 2¿FLQD GH 'HIHQVD GH ORV
'HUHFKRVGHORV8VXDULRV6DQLWDULRVFRQHO¿QGH
VHUYLUGHDSR\R\DVLVWHQFLDGLUHFWD\SHUPDQHQWH
DO&RQVHMHURFRPSHWHQWHHQPDWHULDGHVDQLGDGHQ
VXIXQFLyQGHYHODU\JDUDQWL]DUHOFXPSOLPLHQWR\
HIHFWLYLGDGGHORVGHUHFKRV\GHEHUHVUHFRQRFLGRV
DORVXVXDULRVVDQLWDULRVGHO6LVWHPD&DQDULRGHOD
6DOXGVHKDLQVWUXPHQWDGRHQHO'HFUHWR
GHGHMXOLR%2&QžGHSRUHOTXH
VHPRGL¿FDSDUFLDOPHQWHODUHODFLyQGHSXHVWRVGH
WUDEDMRGHOD&RQVHMHUtDGH6DQLGDG\&RQVXPR
0HGLDQWH HO SUHVHQWH 'HFUHWR VH GHWHUPLQDQ
QRUPDWLYDPHQWHODViUHDVGHDFWXDFLyQGHOD2¿
FLQDDVtFRPRODVUHJODVPtQLPDVGHDFWXDFLyQTXH
KDQGHUHJLUHQVXIXQFLRQDPLHQWRFRQ¿JXUDQGR
ODXQLGDGFRPRXQFHQWURLPSXOVRUGHOPDQGDWR
OHJDO FRQWHPSODGR HQ HO DUWtFXOR GH OD /H\
(QVXYLUWXGDSURSXHVWDFRQMXQWDGHODV&RQ
VHMHUtDVGH3UHVLGHQFLD\5HODFLRQHV,QVWLWXFLRQDOHV
\GH6DQLGDG\&RQVXPRLQIRUPDGRVHO&RQVHMR
GH'LUHFFLyQGHO6HUYLFLR&DQDULRGHOD6DOXG\HO
&RQVHMR&DQDULRGHOD6DOXG\SUHYLDGHOLEHUDFLyQ
GHO *RELHUQR HQ VX UHXQLyQ GHO GtD GH PD\R
GH
',6321*2
&$3Ë78/2,
',6326,&,21(6*(1(5$/(6
$UWtFXOR2EMHWR
(OREMHWRGHOSUHVHQWH'HFUHWRHVUHJXODUODHVWUXF
WXUD\HOIXQFLRQDPLHQWRGHOD2¿FLQDGH'HIHQVD
GH ORV 'HUHFKRV GH ORV 8VXDULRV 6DQLWDULRV \ OD
WUDPLWDFLyQGHODVVROLFLWXGHVUHFODPDFLRQHVLQL
FLDWLYDV\VXJHUHQFLDVGHORVXVXDULRVGHO6LVWHPD
&DQDULRGHOD6DOXG
$UWtFXOR/D2¿FLQDGH'HIHQVDGHORV'HUHFKRV
GHORV8VXDULRV6DQLWDULRV
&RQFDWHJRUtDDGPLQLVWUDWLYDGH6HUYLFLR\GHSHQGHQ
FLDRUJiQLFD\IXQFLRQDOGHOD&RQVHMHUtDFRPSHWHQWH
HQPDWHULDGHVDQLGDGOD2¿FLQDGH'HIHQVDGHORV
'HUHFKRVGH8VXDULRV6DQLWDULRVHVODXQLGDGUHVSRQ
VDEOHGHOFXPSOLPLHQWRFRQHIHFWLYLGDGGHOUpJLPHQ
GHORVGHUHFKRVUHFRQRFLGRVDORVXVXDULRVGHO6LVWH
PD&DQDULRGHOD6DOXGSRUOD/H\GHGH
MXOLRGH2UGHQDFLyQ6DQLWDULDGH&DQDULDV
$UWtFXOR 3ULQFLSLRV UHFWRUHV GH OD DFWXDFLyQ
GHOD2¿FLQD
7DQWROD2¿FLQDFRPRODVXQLGDGHVTXHGHSHQGHQ
IXQFLRQDOPHQWH GH HOOD HQ OD WUDPLWDFLyQ GH ODV
UHFODPDFLRQHV VROLFLWXGHV LQLFLDWLYDV R VXJH
UHQFLDV UHJXODGDV HQ HVWH 'HFUHWR DFWXDUiQ FRQ
VRPHWLPLHQWRDORVVLJXLHQWHVSULQFLSLRV
&RQ¿GHQFLDOLGDGGHODLGHQWLGDG\GHORVUHV
WDQWHVGDWRVGHOXVXDULRVDQLWDULRVDOYRFXDQGROD
QDWXUDOH]DGHOWUiPLWHQRORSHUPLWD
&DUiFWHUFRQWUDGLFWRULRGHODWUDPLWDFLyQGHODV
UHFODPDFLRQHVFRQODLQFRUSRUDFLyQDOH[SHGLHQWH
GHORVLQIRUPHVGHODVXQLGDGHVVHUYLFLRVFHQWURV
\HVWDEOHFLPLHQWRVREMHWRGHODUHFODPDFLyQ\HQ
VXFDVRGHVXVVXSHULRUHVMHUiUTXLFRV
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
5HVSHWRDODDXWRQRPtDSURIHVLRQDO
GHODVFLWDGDViUHDVHOGHVHPSHxRGHODVVLJXLHQWHV
IXQFLRQHV
$GHFXDFLyQ\DGDSWDFLyQGHOPHQVDMHDOXVXDULR
GHWDOPDQHUDTXHODLQIRUPDFLyQGLUHFWD\HODVHVRUD
PLHQWRDORVXVXDULRVVDQLWDULRVVHWUDQVPLWDGHIRUPD
DFFHVLEOH VX¿FLHQWH \ FRPSUHQVLEOH FRQ HVSHFLDO
DWHQFLyQKDFLDDTXHOODVSHUVRQDVTXHSRUVXQLYHO
FXOWXUDOHGDGRGLVPLQXFLyQItVLFDWHQJDQPD\RUHV
SUREOHPDVGHRULHQWDFLyQ\GHVHQYROYLPLHQWR
ÈUHDGHUHFODPDFLRQHV
D$WHQGHUWUDPLWDU\HOHYDUDOyUJDQRFRPSHWHQWH
ODSURSXHVWDGHFRQWHVWDFLyQGHODVUHFODPDFLRQHV
SUHVHQWDGDVSRUORVXVXDULRVVDQLWDULRV
E*HVWLRQDU\FXVWRGLDUXQ5HJLVWURGHUHFODPD
FLRQHVGHORVXVXDULRVVDQLWDULRVHQFRRUGLQDFLyQ
FRQORVUHJLVWURVTXHDOHIHFWRVHFRQVWLWX\DQHQ
ODVXQLGDGHVIXQFLRQDOHVGHSHQGLHQWHV
7UDQVSDUHQFLDHQVXVDFWXDFLRQHV\SDUWLFLSDFLyQ
%XHQDIH\FRQ¿DQ]DOHJtWLPD
$UWtFXORÈUHDVIXQFLRQDOHVGHDFWXDFLyQ
F(ODERUDUHVWDGtVWLFDVVREUHODVUHFODPDFLRQHV
SUHVHQWDGDV FODVLILFiQGRODV GH DFXHUGR FRQ
FULWHULRV JHRJUi¿FRV PDWHULDOHV VHFWRULDOHV R
FXDOTXLHURWURTXHHVWLPHSHUWLQHQWH
'HQWURGHO6LVWHPD&DQDULRGHOD6DOXGODDFWXDFLyQ
DGPLQLVWUDWLYD GH OD 2¿FLQD DEDUFD ODV VLJXLHQWHV
iUHDVIXQFLRQDOHV
5HFODPDFLRQHVTXHFRQVWLWX\HQODVTXHMDVGHORV
XVXDULRV VREUH VX LQVDWLVIDFFLyQ SRU ORV VHUYLFLRV
VDQLWDULRVUHFLELGRV
6ROLFLWXGHVTXHVRQODVGHPDQGDVGHLQIRUPDFLyQ
HVFULWD VREUH VHUYLFLRV \ SUHVWDFLRQHV VDQLWDULRV
GHUHFKRV\GHEHUHVGHORVXVXDULRVSURFHGLPLHQWRV
QRUPDWLYD\FXHVWLRQHVGHQDWXUDOH]DVDQLWDULD
,QLFLDWLYDVTXHVRQODVSURSXHVWDVTXHIRUPXODQ
ORVXVXDULRVSDUDPHMRUDUHOJUDGRGHFXPSOLPLHQWR
\REVHUYDQFLDGHORVGHUHFKRV\GHORVGHEHUHVGHORV
XVXDULRVGHOIXQFLRQDPLHQWRGHORVVHUYLFLRVVDQLWD
ULRV\GHOFXLGDGR\DWHQFLyQGHORVHQIHUPRV
6XJHUHQFLDVTXHVRQODVFRPXQLFDFLRQHVGHLGHDV
FRQFUHWDV SURSRUFLRQDGDV SRU ORV XVXDULRV SDUD OD
PHMRUDGHORVVHUYLFLRV
,QIRUPDFLyQTXHVLQSHUMXLFLRGHODSURSRUFLRQDGD
PHGLDQWHODFRQWHVWDFLyQGHODVVROLFLWXGHVDEDUFD
ODTXHVHLPSXOVDR¿FLDOPHQWHSRUOD2¿FLQDSDUD
IDFLOLWDUHOHMHUFLFLRGHORVGHUHFKRVUHFRQRFLGRVD
ORVXVXDULRVVDQLWDULRV
G$SR\DU \ DVHVRUDU D ORV yUJDQRV \ XQLGDGHV
FRPSHWHQWHVHQVXVUHODFLRQHVFRQWRGDVDTXHOODV
HQWLGDGHVS~EOLFDV\SULYDGDVSDUDODLQYHVWLJD
FLyQ\FRQWHVWDFLyQGHODVUHFODPDFLRQHVSUHVHQ
WDGDVSRUORVXVXDULRVVDQLWDULRV
H(PLWLUORVLQIRUPHVTXHVREUHHVWDPDWHULDOH
HQFRPLHQGHHO&RQVHMHURFRPSHWHQWHHQPDWHULD
GHVDQLGDG
I&RPXQLFDUDOyUJDQRFRPSHWHQWHGHO6HUYLFLR
&DQDULRGHOD6DOXGODSRVLEOHFRPLVLyQGHKHFKRV
R FRQGXFWDV TXH VXSRQJDQ GHVFRQRFLPLHQWR H
LQFXPSOLPLHQWRGHORVGHUHFKRVGHORVXVXDULRV
VDQLWDULRVUHFRQRFLGRVSRUODQRUPDWLYDVDQLWDULD
DORVHIHFWRVGHODLQLFLDFLyQGHORVSURFHGLPLHQWRV
GLVFLSOLQDULRVRVDQFLRQDGRUHVTXHSURFHGDQ
J&XDOHVTXLHUDRWUDVIXQFLRQHVTXHHO&RQVHMHUR
FRPSHWHQWHHQPDWHULDGHVDQLGDGOHHQFRPLHQGH
GHQWURGHOiPELWRGHHVWHiUHD
$UWtFXOR)XQFLRQHV
ÈUHDGHVROLFLWXGHV
&RUUHVSRQGHDOD2¿FLQDGLUHFWDPHQWHRDWUDYpVGH
VXVXQLGDGHVIXQFLRQDOHVGHSHQGLHQWHVHQFDGDXQD
D$WHQGHUWUDPLWDUUHVSRQGHU\SURSRQHUHQVX
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
FDVR DO yUJDQR FRPSHWHQWH OD UHVSXHVWD GH ODV
VROLFLWXGHVSUHVHQWDGDVSRUORVXVXDULRVVDQLWDULRV
SDFLHQWHVRIDPLOLDUHV
GHO'HSDUWDPHQWRFRPSHWHQWHHQPDWHULDGHVDQL
GDGSRUKDEHUORUHTXHULGRDOJXQDHQWLGDG\RUJD
QLVPRS~EOLFRRSULYDGRGHOVHFWRUVDQLWDULR
E*HVWLRQDU\FXVWRGLDUXQ5HJLVWURGHVROLFLWXGHV
SUHVHQWDGDVSRUORVXVXDULRVVDQLWDULRVHQFRRUGL
QDFLyQFRQORVUHJLVWURVTXHDOHIHFWRVHFRQVWLWX
\DQHQODVXQLGDGHVIXQFLRQDOHVGHSHQGLHQWHV
F5HFDEDUGHODVHQWLGDGHV\RUJDQLVPRVS~EOLFRV
\ SULYDGRV GHO VHFWRU VDQLWDULR FXDOTXLHU WLSR
GHLQIRUPDFLyQTXHFRQVLGHUHRSRUWXQDSDUDXQ
PHMRUFXPSOLPLHQWRGHVXVIXQFLRQHV
F&XDOHVTXLHUDRWUDVTXHHOWLWXODUGHOD&RQVHMHUtD
FRPSHWHQWHHQPDWHULDGHVDQLGDGOHHQFRPLHQGH
GHQWURGHHVWHiUHD
G'LYXOJDU\GLIXQGLULQIRUPDFLyQVREUHGHWHUPL
QDGRVSURFHVRVVDQLWDULRVTXHDMXLFLRGHOWLWXODU
GHO 'HSDUWDPHQWR FRPSHWHQWH HQ PDWHULD GH
VDQLGDGUHVXOWHQVHUGHLQWHUpVSDUDORVXVXDULRV
VDQLWDULRVHQJHQHUDO
ÈUHDGHLQLFLDWLYDV\VXJHUHQFLDV
D$WHQGHU YDORUDU \ WUDPLWDU ODV LQLFLDWLYDV \
VXJHUHQFLDVSUHVHQWDGDVSRUORVXVXDULRVVDQLWDULRV
SDUDXQPHMRUIXQFLRQDPLHQWRGHORVVHUYLFLRV\
H¿FD]FXPSOLPLHQWRGHVXVGHUHFKRVUHFDEDQGR
SDUDHOORGHFXDOTXLHUHQWLGDGRUJDQLVPRFHQWUR
RVHUYLFLRS~EOLFRRSULYDGRORVLQIRUPHV\HV
WXGLRV GH YLDELOLGDG DVt FRPR ODV SURSXHVWDV R
DOWHUQDWLYDVTXHGLFKDVLQLFLDWLYDV\VXJHUHQFLDV
SXGLHUDQGDUOXJDU
E*HVWLRQDUJXDUGDU\FXVWRGLDUXQ5HJLVWURGH
LQLFLDWLYDV \ VXJHUHQFLDV HQ FRRUGLQDFLyQ FRQ
ORVUHJLVWURVTXHDOHIHFWRVHFRQVWLWX\DQHQODV
XQLGDGHVIXQFLRQDOHVGHSHQGLHQWHV
H$QDOL]DUFRQIHFFLRQDUGLIXQGLU\FRPXQLFDU
ORV UHVXOWDGRV GH ODV HQFXHVWDV GLULJLGDV D ORV
XVXDULRV
I(ODERUDUOD0HPRULD$QXDOGHOD2¿FLQD
J(ODERUDUORVUHV~PHQHVPHQVXDOHVGHDFWXDFLyQ
K(ODERUDU\GLIXQGLUOD&DUWDGHORV'HUHFKRV\
'HEHUHVGHORV8VXDULRV6DQLWDULRV
L&XDOTXLHURWUDTXHGHQWURGHOiPELWRGHOiUHD
VHOHHQFRPLHQGH
$UWtFXORÈPELWRGHDFWXDFLyQ
F&XDOHVTXLHUDRWUDVHQFRPHQGDGDVHQHOiUHD
D 9HODU SRU HO H¿FD] FXPSOLPLHQWR GHO GHEHU
GH LQIRUPDFLyQ \ DVHVRUDPLHQWR D ORV XVXDULRV
VDQLWDULRV\EHQH¿FLDULRVGHO6LVWHPD&DQDULRGH
OD 6DOXG GH VXV GHUHFKRV \ GHEHUHV VDQLWDULRV
GH ORV VHUYLFLRV \ SUHVWDFLRQHV VDQLWDULDV D ODV
TXHSXHGHQDFFHGHUDVtFRPRGHORVUHTXLVLWRV
QHFHVDULRVSDUDVXHMHUFLFLR
/DV IXQFLRQHV HQXPHUDGDV HQ HO DUWtFXOR
DQWHULRU VHUiQ OOHYDGDV D FDER SRU OD 2¿FLQD \
VXV XQLGDGHV IXQFLRQDOPHQWH GHSHQGLHQWHV HQ
UHODFLyQFRQODVDFWLYLGDGHVVHUYLFLRV\SUHVWDFLR
QHVGHVDUUROODGRVSRURUJDQL]DFLRQHV\SHUVRQDV
S~EOLFDV\SULYDGDVTXHFRQVWLWX\HQHO6LVWHPD
&DQDULRGHOD6DOXGGLULJLGDVDODSURPRFLyQ\
SURWHFFLyQGHODVDOXGSUHYHQFLyQGHODHQIHUPH
GDG\SUHVWDFLyQDVLVWHQFLDOVDQLWDULDHQFDVRGH
SpUGLGDGHVDOXG
E(PLWLUORVLQIRUPHVTXHVREUHODPDWHULDREMHWR
GHVXiPELWRGHDFWXDFLyQOHHQFRPLHQGHHOWLWXODU
/DVVROLFLWXGHVUHFODPDFLRQHVLQLFLDWLYDV
\ VXJHUHQFLDV UHODWLYDV DO IXQFLRQDPLHQWR H
ÈUHDGHLQIRUPDFLyQ
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
LQIRUPDFLyQGHORVVHUYLFLRVDGPLQLVWUDWLYRVQR
VDQLWDULRVODVUHFODPDFLRQHVGHFRQWHQLGRSDWUL
PRQLDOODVSUHYLDVDODYtDMXGLFLDOORVUHFXUVRV
DGPLQLVWUDWLYRV\GHPiVSUHWHQVLRQHVQRVXEVX
PLEOHVHQQLQJXQRGHORVVXSXHVWRVGHODUWtFXOR
VHJXLUiQULJLpQGRVHSRUVXQRUPDWLYDHVSHFt¿FD\
VHUiQUHPLWLGDVSRUODXQLGDGUHFHSWRUDDOyUJDQR
FRPSHWHQWH
/DVTXHVHUH¿HUDQDODVDFWXDFLRQHVUHDOL]DGDV
HQ FHQWURV R VHUYLFLRV GH FDUiFWHU SULYDGR QR
FRQFHUWDGR
$UWtFXOR'HEHUGHFRODERUDFLyQ
/DV TXH VHDQ UHLWHUDGDV SRU ORV XVXDULRV FRQ
PRWLYR GH OD IDOWD GH UHVSXHVWD HQ SOD]R GH ODV
IRUPXODGDVHQHOSULPHUQLYHO
/RVyUJDQRVDGPLQLVWUDWLYRVGHO'HSDUWDPHQWR
FRPSHWHQWHHQPDWHULDGHVDQLGDGVXV2UJDQLV
PRV$XWyQRPRVGHFDUiFWHUVDQLWDULRDVtFRPRORV
FHQWURVHVWDEOHFLPLHQWRV\VHUYLFLRVVDQLWDULRV
S~EOLFRV \ SULYDGRV WLHQHQ HO GHEHU JHQHUDO GH
FRODERUDU FRQ OD 2¿FLQD HQ HO HMHUFLFLR GH VXV
IXQFLRQHV
&XDQGRODFRPSOHMLGDGWpFQLFDGHODVXQWRVR
PHWLGRDOD2¿FLQDDVtORDFRQVHMHHOFRQVHMHUR
FRPSHWHQWHHQPDWHULDGHVDQLGDGGLUHFWDPHQWHR
DSURSXHVWDGHO-HIHGHOD2¿FLQDSRGUiUHTXHULU
ODDVLVWHQFLDWpFQLFDRHODVHVRUDPLHQWRHVSHFt¿FR
GHFXDOTXLHUyUJDQRRXQLGDGGHO'HSDUWDPHQWRR
GHO6HUYLFLR&DQDULRGHOD6DOXG
&$3Ë78/2,,
(6758&785$
/DVGLVFRQIRUPLGDGHVGHORVXVXDULRVHQUHOD
FLyQ FRQ ODV FRQWHVWDFLRQHV \ UHVSXHVWDV GH ODV
UHFODPDFLRQHV\VROLFLWXGHVUHFLELGDVHQHOSULPHU
QLYHOGHDFWXDFLyQ
/DV TXH SRU VX LPSRUWDQFLD JUDYHGDG R WUDV
FHQGHQFLD DFXHUGH HO WLWXODU GH OD &RQVHMHUtD
FRPSHWHQWHHQPDWHULDGHVDQLGDG
&RUUHVSRQGH D ORV 'LUHFWRUHV GH ODV ÈUHDV GH
6DOXG *HUHQWHV GH$WHQFLyQ 3ULPDULD *HUHQWHV
GH6HUYLFLRV6DQLWDULRV\DORV'LUHFWRUHV*HUHQWHV
GHORV&HQWURV+RVSLWDODULRVHQXQSULPHUQLYHOGH
DFWXDFLyQ OD FRQWHVWDFLyQ GH ODV UHFODPDFLRQHV \
UHVSXHVWDGHODVVROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDV
SODQWHDGDV HQ VXV UHVSHFWLYDV iUHDV PDWHULDOHV GH
DFWXDFLyQ\QRLQFOXLGDVHQHODSDUWDGRDQWHULRU\
ODVTXHHVSHFt¿FDPHQWHOHVHQFRPLHQGHHO&RQVHMHUR
FRPSHWHQWHHQPDWHULDGHVDQLGDG
(OHMHUFLFLRGHODVFRPSHWHQFLDVHVWDEOHFLGDVHQ
ORVDSDUWDGRVDQWHULRUHVSRGUiVHUGHOHJDGRHQRWURV
yUJDQRVHQORVWpUPLQRVSUHYLVWRVHQODOHJLVODFLyQ
YLJHQWH
$UWtFXORÏUJDQRVFRPSHWHQWHV
&RUUHVSRQGHDOWLWXODUGHOyUJDQRGHOTXHGH
SHQGDOD2¿FLQDODFRQWHVWDFLyQGHODVUHFODPD
FLRQHV\UHVSXHVWDGHODVVROLFLWXGHVLQLFLDWLYDV
\VXJHUHQFLDVVLJXLHQWHV
/DVTXHDIHFWHQDPiVGHXQÈUHDGH6DOXG
/DVTXHSRUVXFRPSOHMLGDGH[LMDQXQDHVSHFLDO
ODERULQYHVWLJDGRUDGHLQIRUPDFLyQRHVWXGLR
/DVTXHVHUH¿HUDQDYDULRVFHQWURVVHUYLFLRVR
HVWDEOHFLPLHQWRVVDQLWDULRV
$UWtFXOR-HIHGHOD2¿FLQD
(O-HIHGHOD2¿FLQDVHUiQRPEUDGRSRUHO&RQ
VHMHURFRPSHWHQWHHQPDWHULDGHVDQLGDGHQWUHHO
SHUVRQDOTXHUH~QDORVUHTXLVLWRVTXHVHHVWDEOH]FDQ
HQODUHODFLyQGHSXHVWRVGHWUDEDMRGHOD&RQVHMHUtD
FRPSHWHQWHHQPDWHULDGHVDQLGDG
&RUUHVSRQGHDO-HIHGHOD2¿FLQDODHODERUDFLyQGH
ODVSURSXHVWDVGHFRQWHVWDFLyQGHODVUHFODPDFLRQHV
\VROLFLWXGHV\GHODVUHVSXHVWDVDODVLQLFLDWLYDV\
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
VXJHUHQFLDVTXHFRUUHVSRQGDQDOWLWXODUGHOyUJDQR
GHOTXHGHSHQGDOD2¿FLQDGHFRQIRUPLGDGFRQOR
GLVSXHVWRHQHODSDUWDGRGHODUWtFXORDQWHULRUDVt
FRPRODWUDPLWDFLyQGHORVDVXQWRVTXHGHFRQIRU
PLGDGFRQORVFULWHULRVHVWDEOHFLGRVHQHOSUHVHQWH
'HFUHWROHFRUUHVSRQGDQ
(O-HIHGHOD2¿FLQDHMHUFHUiODVIXQFLRQHVGH
LQVSHFFLyQ GH ODV REOLJDFLRQHV SUHYLVWDV HQ HO
SUHVHQWH'HFUHWR\HVSHFt¿FDPHQWHODFRRUGLQD
FLyQVXSHUYLVLyQ\FRQWUROGHODWUDPLWDFLyQGHORV
H[SHGLHQWHVTXHFRUUHVSRQGDQDODVXQLGDGHVIXQ
FLRQDOPHQWHGHSHQGLHQWHVSXGLHQGRDWDOHIHFWR
UHFDEDUODLQIRUPDFLyQ\GLFWDUODVLQVWUXFFLRQHV\
yUGHQHVGHVHUYLFLRTXHUHVXOWHQQHFHVDULDV
/DVXQLGDGHVVHxDODGDVHQHODSDUWDGRDQWHULRU
HODERUDUiQODVSURSXHVWDVGHFRQWHVWDFLRQHV\UHV
SXHVWDVTXHGHEDQDVXPLUORV'LUHFWRUHVGHÈUHDV
GH6DOXG*HUHQWHVGH$WHQFLyQ3ULPDULD*HUHQWHV
GH6HUYLFLRV6DQLWDULRV\ORV'LUHFWRUHV*HUHQWHVGH
ORV+RVSLWDOHVGHFRQIRUPLGDGFRQORHVWDEOHFLGR
HQHODSDUWDGRGHODUWtFXORGHOSUHVHQWH'HFUHWR
$GHPiVFRRUGLQDUiQODHPLVLyQ\UHPLVLyQGHORV
LQIRUPHVVROLFLWDGRVSRUOD2¿FLQD\JDUDQWL]DUiQOD
HMHFXFLyQGHFXDOTXLHUWLSRGHDFWXDFLyQLQYHVWLJD
FLyQRHVWXGLRTXHOHVHQFRPLHQGHOD2¿FLQDSDUDOD
FRQWHVWDFLyQ¿QDOGHODVUHFODPDFLRQHV\VROLFLWXGHV
\ODUHVSXHVWDDODVLQLFLDWLYDVRVXJHUHQFLDVSUHVHQ
WDGDVHQFXDOTXLHUQLYHOGHDFWXDFLyQ
&$3Ë78/2,,,
352&(',0,(172
$UWtFXOR(VWUXFWXUD
3DUDHOGHVHPSHxRGHVXVIXQFLRQHVOD2¿FLQD
FRQWDUiFRQODHVWUXFWXUDDGPLQLVWUDWLYDDGHFXDGD
GHDFXHUGRFRQODUHODFLyQGHSXHVWRVGHWUDEDMR
GHOD&RQVHMHUtDFRPSHWHQWHHQPDWHULDGHVDQLGDG
TXHVHDSUXHEH
$ORVHIHFWRVGHORVH[SHGLHQWHV\IXQFLRQHV
SUHYLVWDVHQHVWH'HFUHWRGHSHQGHUiQIXQFLRQDO
PHQWHGHOD2¿FLQD
/RV6HUYLFLRVGH$WHQFLyQDO8VXDULRR8QLGD
GHVHTXLYDOHQWHVDORVPLVPRVH[LVWHQWHVHQORV
HVWDEOHFLPLHQWRVLQWHJUDGRVRDGVFULWRVHQOD5HG
+RVSLWDODULDGH8WLOL]DFLyQ3~EOLFD
/RV 6HUYLFLRV DQiORJRV D ORV DQWHULRUHV TXH
H[LVWDQ R SXHGDQ FUHDUVH HQ ODV *HUHQFLDV GH
$WHQFLyQ3ULPDULD\HQODV*HUHQFLDVGH6HUYLFLRV
6DQLWDULRV
/DV 8QLGDGHV ,QVXODUHV GH OD 2¿FLQD TXH VH
FUHHQ\VHLQWHJUHQHQODHVWUXFWXUDRUJiQLFDGH
ODV'LUHFFLRQHVGHODVÈUHDVGH6DOXGDVtFRPR
ODVXQLGDGHVGHpVWDVGHVWLQDGDVDOFXPSOLPLHQWR
GHODVREOLJDFLRQHVFRQWHQLGDVHQHVWH'HFUHWRHQ
VXiUHDPDWHULDOGHDFWLYLGDG
6HFFLyQ
'LVSRVLFLRQHVFRPXQHV
$UWtFXOR3UHVHQWDFLyQ
/DVUHFODPDFLRQHVVROLFLWXGHVLQLFLDWLYDV\
VXJHUHQFLDVGHORVXVXDULRVVDQLWDULRVVHGLULJLUiQ
DOWLWXODUGHO'HSDUWDPHQWRFRPSHWHQWHHQPDWHULD
GHVDQLGDG\VHSUHVHQWDUiQ
D(QORVOXJDUHV\IRUPDTXHFRQFDUiFWHUJHQHUDO
HVWDEOH]FDHQFDGDPRPHQWRODOHJLVODFLyQUHJXOD
GRUDGHO3URFHGLPLHQWR$GPLQLVWUDWLYR&RP~Q
E(QORVFHQWURVRGHSHQGHQFLDVGRQGHVHXELTXH
ODR¿FLQDGHUHJLVWURGHHQWUDGDGHORVyUJDQRVTXH
LQWHJUDQ HO 'HSDUWDPHQWR \ HO 6HUYLFLR &DQDULR
GHOD6DOXGHQORV&HQWURVGH$WHQFLyQ3ULPDULD\
HQORVVHUYLFLRVGHDWHQFLyQDOSDFLHQWHRXQLGDGHV
VLPLODUHVKDELOLWDGDVSDUDDWHQGHUDOS~EOLFRGHORV
FHQWURV HVWDEOHFLPLHQWRV \ VHUYLFLRV KRVSLWDODULRV
LQWHJUDGRV R YLQFXODGRV D OD 5HG +RVSLWDODULD GH
8WLOLGDG3~EOLFD
/DSUHVHQWDFLyQGHODVUHFODPDFLRQHVGHEHUi
KDFHUVHSUHIHUHQWHPHQWHHQHOLPSUHVRGHKRMDV
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
QRUPDOL]DGDV QXPHUDGDV \ DXWRFRSLDWLYDV TXH
FRQVWDUiGHXQRULJLQDO\GRVFRSLDVVHJ~QHOPR
GHORTXHVHGHWHUPLQHSRU2UGHQ'HSDUWDPHQWDO
RSRUHVFULWRHQFXDOTXLHUIRUPDWR
/DSUHVHQWDFLyQGHODVVROLFLWXGHVLQLFLDWLYDV\
VXJHUHQFLDVVHSRGUiUHDOL]DUHQORVPRGHORVRILFLDOHV
GHWHUPLQDGRV SRU 2UGHQ 'HSDUWDPHQWDO R HQ
FXDOTXLHUIRUPDWR
6LPXOWiQHDPHQWHDVXUHFHSFLyQVHLQVFULEL
UiQ ODV UHFODPDFLRQHV VROLFLWXGHV LQLFLDWLYDV \
VXJHUHQFLDVHQVXVFRUUHVSRQGLHQWHVUHJLVWURV\
VH GHWHUPLQDUi VL OD WUDPLWDFLyQ FRUUHVSRQGH D
OD 2¿FLQD R D DOJXQD GH ODV XQLGDGHV D TXH VH
UH¿HUHHODUWtFXORHQFX\RFDVRVHUHPLWLUi
ODFRSLDGHOHVFULWRGHSUHVHQWDFLyQ\HQVXFDVR
ODGRFXPHQWDFLyQDSRUWDGDSRUHOXVXDULR
$UWtFXOR7UDPLWDFLyQ
/RVPRGHORVR¿FLDOHVSDUDODVUHFODPDFLRQHV
\ SDUD ODV VROLFLWXGHV LQLFLDWLYDV \ VXJHUHQFLDV
GHEHUiQHVWDUDGLVSRVLFLyQGHORVXVXDULRVVDQL
WDULRVHQWRGRVORVFHQWURVRGHSHQGHQFLDVGRQGH
VHXELTXHODR¿FLQDGHUHJLVWURGHHQWUDGDGHORV
yUJDQRVRUJDQLVPRV\HQWLGDGHVGHSHQGLHQWHVGH
OD&RQVHMHUtDFRPSHWHQWHHQPDWHULDGHVDQLGDG
GHORVyUJDQRVGHO6HUYLFLR&DQDULRGHOD6DOXG
DVtFRPRHQORVVHUYLFLRVFHQWURV\HVWDEOHFLPLHQ
WRVVDQLWDULRVS~EOLFRV\SULYDGRV
/D 2ILFLQD YHODUi SRU HO FXPSOLPLHQWR GH OR
GLVSXHVWR HQ HO DUWtFXOR DQWHULRU PHGLDQWH ODV
RSRUWXQDVFRPSUREDFLRQHV
$UWtFXOR5HFHSFLyQHLQLFLDFLyQ
/DV UHFODPDFLRQHV VROLFLWXGHV LQLFLDWLYDV \
VXJHUHQFLDVSUHVHQWDGDVSRUORVXVXDULRVVDQLWDULRV
HQFXDOTXLHUDGHORVOXJDUHVSUHYLVWRVHQHODUWtFXOR
DQWHULRUVHUiQFXUVDGDVVLQGLODFLyQDOD2¿FLQDR
DODVXQLGDGHVDGVFULWDVIXQFLRQDOPHQWH
/DV UHFODPDFLRQHV VROLFLWXGHV LQLFLDWLYDV R
VXJHUHQFLDV HQ PDWHULD VDQLWDULD TXH GHEDQ VHU
REMHWRGHFRQWHVWDFLyQRUHVSXHVWDSRUHOWLWXODU
GHOyUJDQRGHOTXHGHSHQGDOD2¿FLQDGHFRQIRU
PLGDGFRQORGLVSXHVWRHQHODUWtFXORDSDUWDGR
GHOSUHVHQWH'HFUHWRVHUiQWUDPLWDGDVSRUOD
2¿FLQDFHQWUDO
&RUUHVSRQGH D ODV 8QLGDGHV ,QVXODUHV GH OD
2¿FLQD\DORV6HUYLFLRVGH$WHQFLyQDO8VXDULRR
XQLGDGHVHTXLYDOHQWHVGHODV'LUHFFLRQHVGHÈUHD
*HUHQFLDV GH$WHQFLyQ 3ULPDULD *HUHQFLDV GH
6HUYLFLRV6DQLWDULRV\GHORVFHQWURVKRVSLWDODULRV
ODWUDPLWDFLyQGHODVUHFODPDFLRQHVVROLFLWXGHV
LQLFLDWLYDVRVXJHUHQFLDVVDQLWDULDVTXHGHEDQVHU
REMHWRGHFRQWHVWDFLyQRUHVSXHVWDSRUSDUWHGHORV
yUJDQRVHVWDEOHFLGRVHQHODUWtFXORDSDUWDGR
GHOSUHVHQWH'HFUHWRHQIXQFLyQGHVXVUHVSHFWLYDV
iUHDVPDWHULDOHVGHDFWXDFLyQ
$UWtFXOR5HFXUVRV\GLVFUHSDQFLDV
/DXQLGDGUHFHSWRUDFXDQGRDVtORVROLFLWHHO
XVXDULRSURFHGHUiDUHPLWLUDOLQWHUHVDGRODFRSLD
DpOGHVWLQDGDGHOPRGHORQRUPDOL]DGRHQODTXH
¿JXUDUiHQVLWLRYLVLEOHODIHFKD\HOQ~PHURGHUH
JLVWURGHHQWUDGDHQFXDOTXLHUDGHORVUHJLVWURVGH
OD&RQVHMHUtDFRPSHWHQWHHQPDWHULDGHVDQLGDG
6LODUHFODPDFLyQVROLFLWXGLQLFLDWLYDRVXJHUHQ
FLD VH KXELHUD IRUPXODGR HQ PRGHOR GLVWLQWR DO
QRUPDOL]DGR VH UHPLWLUi XQD FRSLD DXWHQWLFDGD
GHO HVFULWR SUHVHQWDGR HQ OD TXH GH PDQHUD
OHJLEOH ¿JXUDUi HO Q~PHUR \ IHFKD GHO UHJLVWUR
GHHQWUDGD
&RQWUDODVUHVROXFLRQHVGLFWDGDVHQORVH[SH
GLHQWHVWUDPLWDGRVDODPSDURGHORUHJXODGRHQHO
SUHVHQWH'HFUHWRQRFDEHUHFXUVRDGPLQLVWUDWLYR
DOJXQRVLQSHUMXLFLRGHTXHORVLQWHUHVDGRVSXH
GDQLQYRFDUORVPRWLYRVGHWHUPLQDQWHVGHVXTXHMD
SDUDODLQWHUSRVLFLyQGHORVUHFXUVRVIUHQWHDORV
DFWRVTXHGLHURQRULJHQDODPLVPD
(QORVFDVRVGHUHFODPDFLRQHV\VROLFLWXGHV
FX\D UHVROXFLyQ QR FRUUHVSRQGD DO WLWXODU GHO
yUJDQR GHO TXH GHSHQGD OD 2ILFLQD VH SRGUi
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
SODQWHDUDQWHHOPLVPRSRUORVXVXDULRVXQHVFULWR
GHGLVFUHSDQFLDFRQODFRQWHVWDFLyQRUHVSXHVWD
UHFLELGD HQ HO SULPHU QLYHO GH DFWXDFLyQ$VL
PLVPR\SDUDWDOHVFDVRVHQHOVXSXHVWRGHQR
UHFLELUUHVSXHVWDHQHOSOD]RHVWDEOHFLGRSRGUiQ
UHLWHUDUODPLVPDDQWHHOWLWXODUGHOyUJDQRGHOTXH
GHSHQGDOD2¿FLQD
6HFFLyQ
5HFODPDFLRQHV
$UWtFXOR,QVWUXFFLyQ
WUXFFLyQGHOH[SHGLHQWHSXGLpQGRVHLQFRUSRUDUDO
PLVPRODVSUXHEDVTXHVHHVWLPHQGHLQWHUpVRTXH
VHKD\DQVROLFLWDGR\DGPLWLGR
,QVWUXLGRHOH[SHGLHQWHVHFRQFHGHUiWUiPLWHGH
DXGLHQFLDDORVLQWHUHVDGRVIRUPXOiQGRVHSRVWH
ULRUPHQWHSRUOD2¿FLQDRODVXQLGDGHVIXQFLRQDO
PHQWHGHSHQGLHQWHVODSURSXHVWDGHFRQWHVWDFLyQR
UHVSXHVWDTXHVHHOHYDUiDOyUJDQRFRPSHWHQWHSDUD
VXDGRSFLyQGH¿QLWLYD
6H SRGUi SUHVFLQGLU GHO WUiPLWH GH DXGLHQFLD
FXDQGRKD\DFRLQFLGHQFLDVXVWDQFLDOHQWUHORPD
QLIHVWDGRSRUHOXVXDULR\SRUHOFHQWURRVHUYLFLR
VDQLWDULRDIHFWDGR
(QODWUDPLWDFLyQGHODVUHFODPDFLRQHVVHSURFH
GHUiGHODVLJXLHQWHIRUPD
/DXQLGDGFRPSHWHQWHGHWHUPLQDUi\FRPSUREDUi
ORVGDWRVKHFKRV\FLUFXQVWDQFLDVTXH¿JXUDQHQ
ODUHFODPDFLyQ
$VXVROLFLWXGHOFHQWURHVWDEOHFLPLHQWRRVHUYLFLR
VDQLWDULRDIHFWDGRHPLWLUiXQLQIRUPHHQHOSOD]R
Pi[LPR GH YHLQWH GtDV (O LQIRUPH VHUi ¿UPDGR
SRUHOUHVSRQVDEOHPi[LPRWLWXODUGHOFHQWURHV
WDEOHFLPLHQWRRGHOVHUYLFLRHQHOFDVRGHFHQWURV
KRVSLWDODULRV
$ODYLVWDGHORVLQIRUPHVDQWHULRUHVODXQLGDG
FRPSHWHQWHSRGUiIRUPXODUXQDSURSXHVWDGHPH
GLDFLyQFXDQGRODHQWLGDGGHODVXQWRDVtORSHUPLWD
\VHDDFHSWDGDSRUHOXVXDULRVDQLWDULRTXHSUHVHQWy
ODUHFODPDFLyQ(QHVWRVFDVRVSRGUiFRQFOXLUOD
WUDPLWDFLyQPHGLDQWHFRPXQLFDFLyQYHUEDOVLHPSUH
\FXDQGRGHODVDFWXDFLRQHV\H[SOLFDFLRQHVSURSRU
FLRQDGDVSRUHOFHQWURVHUYLFLRRHVWDEOHFLPLHQWR\
SRUODV8QLGDGHV,QVXODUHVHQVXFDVRVHGHULYHOD
SOHQDVDWLVIDFFLyQSDUDHOXVXDULRUHFODPDQWHDVt
VHKDJDFRQVWDUHQHOH[SHGLHQWH\GDQGRFXHQWDDO
yUJDQRFRPSHWHQWH
(QORVFDVRVHQTXHQRSURFHGDODPHGLDFLyQ\
DODYLVWDGHORVLQIRUPHVHYDFXDGRVSRUHOFHQWUR
HVWDEOHFLPLHQWR R VHUYLFLR VDQLWDULR DIHFWDGR OD
XQLGDGFRPSHWHQWHFRPSOHWDUiHQVXFDVRODLQV
$UWtFXOR&RQWHVWDFLyQ
$ODYLVWDGHORVUHVXOWDGRVGHODLQVWUXFFLyQOD
FRQWHVWDFLyQSRGUiFRQWHQHU
8QDRUGHQGHDGRSFLyQGHPHGLGDVWHQGHQWHV
D OD VXEVDQDFLyQ GH OD DQRPDOtD R DQRPDOtDV
GHWHFWDGDV
8QDUHFRPHQGDFLyQFRQODPLVPD¿QDOLGDGDQ
WHULRUHQFX\RFDVRVH¿MDUiXQSOD]RHQIXQFLyQGHOD
QDWXUDOH]DGHDTXpOODSDUDTXHVHLQIRUPHDOD2¿FLQD
FRQYLQFHQWHPHQWHVREUHODVPHGLGDVDGRSWDGDV
/DUHPLVLyQGHORDFWXDGRDOyUJDQRFRPSHWHQWH
DORVHIHFWRVTXHSURFHGDQVLVHDSUHFLDQLQGL
FLRV GH SRVLEOHV LQIUDFFLRQHV GHO RUGHQDPLHQWR
MXUtGLFR
/D LQFRDFLyQ GH H[SHGLHQWH VDQFLRQDGRU SRU
SRVLEOHYLRODFLyQGHGHUHFKRVRLQFXPSOLPLHQWR
GH GHEHUHV GH ORV XVXDULRV VLQ SHUMXLFLR GH OD
UHVSRQVDELOLGDGGLVFLSOLQDULDGHOSHUVRQDODXWRU
/DFRQWHVWDFLyQGHODUHFODPDFLyQGHEHUiVHU
DGRSWDGD\QRWL¿FDGDHQHOSOD]RPi[LPRGHGRV
PHVHVDFRQWDUGHVGHODIHFKDGHHQWUDGDHQFXDO
TXLHUDGHORVUHJLVWURVGHOD&RQVHMHUtDFRPSHWHQWH
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
HQPDWHULDGHVDQLGDG
/D FRQWHVWDFLyQ FRQWHQGUi OD SRVLELOLGDG GHO
XVXDULRGHHIHFWXDUGLVFUHSDQFLDDQWHHOWLWXODUGHO
yUJDQRGHOTXHGHSHQGDOD2¿FLQDGHQWURGHOPHV
VLJXLHQWHDVXQRWL¿FDFLyQ
(QORVFDVRVHQORVTXHVHSODQWHHGLVFUHSDQFLD
RVHUHLWHUHODUHFODPDFLyQSRUQRUHFLELUUHVSXHVWD
HQSOD]RODFRQWHVWDFLyQGHEHUiVHUDGRSWDGDSRU
HOWLWXODUGHOyUJDQRGHOTXHGHSHQGDOD2¿FLQD\
QRWL¿FDGDHQHOSOD]RPi[LPRGHGRVPHVHVGHVGH
TXHWHQJDVXHQWUDGDHQFXDOTXLHUDGHORVUHJLVWURV
GHSHQGLHQWHVGHGLFKRyUJDQR
$UWtFXOR1RWL¿FDFLyQ
/DVXQLGDGHVGHWUDPLWDFLyQQRWL¿FDUiQODFRQWHV
WDFLyQDORVLQWHUHVDGRVDVtFRPRDORVyUJDQRVGHO
6HUYLFLR&DQDULRGHOD6DOXGTXHHMHU]DQFRPSHWHQ
FLDGLUHFWDHQHODVXQWRREMHWRGHODUHFODPDFLyQ
/DQRWL¿FDFLyQSRGUiVHUVXVWLWXLGDSRUXQDFR
PXQLFDFLyQYHUEDOFXDQGRVHKD\DDFHSWDGRSRUHO
XVXDULRUHFODPDQWHODIyUPXODGHODPHGLDFLyQ
6HFFLyQ
6ROLFLWXGHV
$UWtFXOR6ROLFLWXGHV
/RV XVXDULRV GHO 6LVWHPD &DQDULR GH OD 6D
OXG SRGUiQ GLULJLU VROLFLWXGHV D OD 2¿FLQD SDUD
UHFDEDU LQIRUPDFLyQ HVFULWD VREUH ORV VHUYLFLRV
\SUHVWDFLRQHVVDQLWDULDVGHUHFKRV\GHEHUHVGH
ORVXVXDULRVSURFHGLPLHQWRVQRUPDWLYD\GHPiV
FXHVWLRQHVGHQDWXUDOH]DVDQLWDULD
/DV VROLFLWXGHV SXHGHQ VHU IRUPXODGDV SRU
HVFULWRRYHUEDOPHQWH
1R WLHQHQ OD FRQVLGHUDFLyQ GH VROLFLWXGHV D
ORVHIHFWRVGHOSUHVHQWH'HFUHWRODVIRUPXODGDV
YHUEDOPHQWHTXHYHUVHQVREUHDVSHFWRVSUiFWLFRV
HLQWHUQRVGHXQFHQWURHVWDEOHFLPLHQWRRVHUYLFLR
KRVSLWDODULR R H[WUDKRVSLWDODULR \ GH DVLVWHQFLD
SULPDULD FRPR SXHGHQ VHU KRUDULRV VHUYLFLRV
SUHVWDFLRQHVUHTXLVLWRVGHHQWUDGD\VDOLGDGHDOWD
\EDMD\GHPiVGHFDUiFWHUKDELWXDOTXHSRGUiQ
VHUDWHQGLGDV\JHVWLRQDGDVSRUORVVHUYLFLRVGH
DWHQFLyQ DO SDFLHQWH R XQLGDGHV VLPLODUHV KDEL
OLWDGDVSDUDDWHQGHUDOS~EOLFRTXHFRQWHVWDUiQ
DVLPLVPRGHIRUPDGLUHFWD\YHUEDO
$UWtFXOR7UDPLWDFLyQ
3DUDODUHVSXHVWDGHODVVROLFLWXGHVSODQWHDGDV
VHSRGUiQUHFDEDUORVLQIRUPHVSHUWLQHQWHVTXH
GHEHUiQVHUHYDFXDGRVHQXQSOD]RPi[LPRGH
TXLQFHGtDV
$UWtFXOR5HVSXHVWD
(QHOVXSXHVWRGHTXHSRUODQDWXUDOH]DGH
OD VROLFLWXG HO FRQWHQLGR GH OD UHVSXHVWD VHD
UHJODGR HO -HIH GH OD XQLGDG GH WUDPLWDFLyQ
SRGUiUHVROYHUHOH[SHGLHQWH
(QORVUHVWDQWHVFDVRVODUHVSXHVWDGHOyUJDQR
FRPSHWHQWHVHDGRSWDUiSUHYLDSURSXHVWDGLUHFWD
GHODXQLGDGGHWUDPLWDFLyQTXHFRUUHVSRQGD
(OSOD]RGHUHVSXHVWDGHODVVROLFLWXGHVVHUi
GHXQPHV DFRQWDUGHVGHODIHFKDGHHQWUDGD
HQFXDOTXLHUDGHORVUHJLVWURVGHOD&RQVHMHUtD
FRPSHWHQWHHQPDWHULDGHVDQLGDG
/D UHVSXHVWD FRQWHQGUi OD SRVLELOLGDG GHO
XVXDULRGHHIHFWXDUGLVFUHSDQFLDDQWHHOWLWXODU
GHOyUJDQRGHOTXHGHSHQGDOD2¿FLQDGHQWUR
GHOPHVVLJXLHQWHDVXQRWL¿FDFLyQ
(QORVFDVRVHQORVTXHVHSODQWHHGLVFUHSDQ
FLDDQWHHOWLWXODUGHOyUJDQRGHOTXHGHSHQGDOD
2¿FLQDRVHUHLWHUHODVROLFLWXGSRUQRUHFLELU
UHVSXHVWD HQ SOD]R OD FRQWHVWDFLyQ GHEHUi
VHUDGRSWDGDSRUHOWLWXODUGHOyUJDQRGHOTXH
GHSHQGD OD 2¿FLQD \ QRWL¿FDGD HQ HO SOD]R
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
Pi[LPRGHXQPHVGHVGHTXHWHQJDVXHQWUDGD
HQFXDOTXLHUDGHORVUHJLVWURVGHSHQGLHQWHVGH
GLFKRyUJDQR
6HFFLyQ
0HPRULDDQXDO\UHV~PHQHV
PHQVXDOHVGHDFWLYLGDG
$UWtFXOR0HPRULDDQXDO
6HFFLyQ
,QLFLDWLYDV\VXJHUHQFLDV
&RUUHVSRQGHDOD2¿FLQDFHQWUDOODHODERUDFLyQGH
OD0HPRULDDQXDOGHDFWLYLGDGHVGHODXQLGDG
$UWtFXOR,QLFLDWLYDV\VXJHUHQFLDV
/DV LQLFLDWLYDV \ VXJHUHQFLDV TXH SUHVHQWHQ
ORV XVXDULRV VDQLWDULRV WHQGUiQ SRU ¿QDOLGDG
SURSRQHUODPHMRUDGHOJUDGRGHFXPSOLPLHQWR
\REVHUYDQFLDGHORVGHUHFKRV\GHEHUHVGHORV
XVXDULRV HO GH IXQFLRQDPLHQWR GH ORV VHUYL
FLRV VDQLWDULRV \ HO FXLGDGR \ DWHQFLyQ GH ORV
HQIHUPRV
(O FRQWHQLGR GH OD 0HPRULD VX HVWUXFWXUD ORV
FULWHULRVGHKRPRJHQHL]DFLyQGHORVGDWRV\HOSUR
FHGLPLHQWR\SOD]RGHHODERUDFLyQVHUiQUHJXODGRV
SRU2UGHQGHSDUWDPHQWDOGHVDQLGDG
/DVDXWRULGDGHVVDQLWDULDVLPSXOVDUiQ\IRPHQ
WDUiQODUHDOL]DFLyQGHHQFXHVWDVTXHSHUPLWDQ
LQVWUXPHQWDOL]DULQLFLDWLYDV\VXJHUHQFLDV
/RVGDWRVHVWDGtVWLFRVFRQWHQLGRVHQOD0HPRULD
WHQGUiQ FRPR DQWHFHGHQWH QHFHVDULR ORV UHV~
PHQHV PHQVXDOHV GH DFWLYLGDG HODERUDGRV SRU
ODV XQLGDGHV IXQFLRQDOPHQWH GHSHQGLHQWHV GH
OD2¿FLQD
$UWtFXOR7UDPLWDFLyQ
/D 2¿FLQD \ VXV XQLGDGHV LQVXODUHV GHQWUR
GHO iPELWR GH DFWXDFLyQ SURSLR SURFHGHUiQ D
ODWUDPLWDFLyQGHODVLQLFLDWLYDV\VXJHUHQFLDV
SUHVHQWDGDVSRUORVXVXDULRVVROLFLWDQGRGHORV
yUJDQRV GHSHQGHQFLDV R HVWDEOHFLPLHQWRV DG
PLQLVWUDWLYRVRVDQLWDULRVS~EOLFRVRSULYDGRV
ORVLQIRUPHV\HVWXGLRVTXHHVWLPHQRSRUWXQRV
SDUD OD HODERUDFLyQ GH OD SURSXHVWD VREUH OD
YLDELOLGDGGHODLQLFLDWLYDRVXJHUHQFLD
$UWtFXOR 5HV~PHQHV PHQVXDOHV GH DFWLYL
GDG
7DQWROD2¿FLQDFHQWUDOFRPRODVXQLGDGHVDGV
FULWDVIXQFLRQDOPHQWHHODERUDUiQXQRVUHV~PHQHV
PHQVXDOHVGHDFWLYLGDGFX\RFRQWHQLGRVHUiUHJX
ODGRSRU2UGHQGHSDUWDPHQWDOGHVDQLGDG
$UWtFXOR)LQDOL]DFLyQ
(OyUJDQRFRPSHWHQWHDODYLVWDGHODSURSXHVWD
HPLWLGDGHFLGLUiVREUHODUHVSXHVWDGH¿QLWLYDTXH
VHQRWL¿FDUiDOXVXDULRLQWHUHVDGRFRQORVFRPHQ
WDULRVTXHSXHGDQGHVSUHQGHUVHHQVXFDVR
(OSOD]RGHFRQWHVWDFLyQGHODVLQLFLDWLYDV\VXJH
UHQFLDVVHUiGHGRVPHVHVDFRQWDUGHVGHODIHFKD
GH HQWUDGD HQ FXDOTXLHUD GH ORV UHJLVWURV GH OD
&RQVHMHUtDFRPSHWHQWHHQPDWHULDGHVDQLGDG
6HFFLyQLQWURGXFLGDSRUHO'HFUHWRGHGHMXOLR
&RUUHFFLyQGHHUURU%2&Q~PHURGHGH-XOLRGH(QODUHGDFFLyQLQLFLDO¿JXUDEDHODUWtFXOR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
6HJXQGD0HGLRVPDWHULDOHV\SHUVRQDOHV
',6326,&,Â175$16,725,$
ÒQLFD+DVWDWDQWRHQWUHQHQIXQFLRQDPLHQWR
ODVXQLGDGHVLQVXODUHVDTXHKDFHUHIHUHQFLDHODU
WtFXORODVIXQFLRQHVTXHHOSUHVHQWH'HFUHWR
OHVDWULEX\HVHUiQDVXPLGDVGLUHFWDPHQWHSRUODV
'LUHFFLRQHVGHFDGDXQDGHODVÈUHDVGH6DOXG
',6326,&,21(6),1$/(6
/DDSOLFDFLyQGHODVGLVSRVLFLRQHVHVWDEOHFLGDV
HQHOSUHVHQWH'HFUHWRQRVXSRQGUiLQFUHPHQWRDO
JXQRGHOJDVWRS~EOLFR\VHOOHYDUiDHIHFWRFRQORV
PHGLRVGHSHUVRQDO\PDWHULDOHVH[LVWHQWHVHQORV
GLIHUHQWHVyUJDQRVGHOD$GPLQLVWUDFLyQVDQLWDULD
GHOD&RPXQLGDG$XWyQRPDGH&DQDULDV
',6326,&,Â175$16,725,$
3ULPHUD6HIDFXOWDDO&RQVHMHURFRPSHWHQWHHQ
PDWHULDGHVDQLGDGSDUDGLFWDUODVGLVSRVLFLRQHV
QHFHVDULDVD¿QGHFXPSOLUFRQORSUHYLVWRHQHO
SUHVHQWH'HFUHWR
6HJXQGD(OSUHVHQWH'HFUHWRHQWUDUiHQYLJRU
HOGtDVLJXLHQWHDOGHVXSXEOLFDFLyQHQHO%ROHWtQ
2¿FLDOGH&DQDULDV
'DGR HQ /DV 3DOPDV GH *UDQ &DQDULD D GH
PD\RGH
/DV GLVSRVLFLRQHV GH FLHUUH GHO 'HFUHWR
GHGHMXOLRSRUHOTXHVHPRGL¿FD
HO'HFUHWRGHGHPD\RTXHUHJXOD
OD HVWUXFWXUD \ HO IXQFLRQDPLHQWR GH OD 2¿FLQD
GH 'HIHQVD GH ORV 'HUHFKRV GH ORV 8VXDULRV
6DQLWDULRV\ODWUDPLWDFLyQGHODVUHFODPDFLRQHV
VROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDVHQHOiPELWR
VDQLWDULRWLHQHHOVLJXLHQWHFRQWHQLGR
ÒQLFD$ ORV H[SHGLHQWHV LQLFLDGRV DQWHV GH
ODHQWUDGDHQYLJRUGHOSUHVHQWH'HFUHWRQROHV
VHUi GH DSOLFDFLyQ HO PLVPR ULJLpQGRVH SRU OD
QRUPDWLYDDQWHULRU
',6326,&,Â1),1$/
ÒQLFD(QWUDGDHQYLJRU
(OSUHVHQWH'HFUHWRHQWUDUiHQYLJRUHOGtD
GHRFWXEUHGH
'DGRHQ/DV3DOPDVGH*UDQ&DQDULDDGH
MXOLRGH
',6326,&,21(6
$',&,21$/(6
3ULPHUD8VXDULRVGHORVVHUYLFLRVVDQLWDULRV
(OWpUPLQRSDFLHQWHFRQWHQLGRHQHO'HFUHWR
GHGHPD\RSRUHOTXHVHUHJXODQ
OD HVWUXFWXUD \ HO IXQFLRQDPLHQWR GH OD 2¿FLQD
GH 'HIHQVD GH ORV 'HUHFKRV GH ORV 8VXDULRV
6DQLWDULRV\ODWUDPLWDFLyQGHODVUHFODPDFLRQHV
VROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDVHQHOiPELWR
VDQLWDULRHQHOUHVWRGHODVQRUPDVUHJODPHQWDULDV
GLFWDGDVSRUHO*RELHUQRGH&DQDULDV\GHLQIH
ULRU UDQJR DVt FRPR HQ ODV GHQRPLQDFLRQHV GH
XQLGDGHVGHSUHVWDFLyQGHVHUYLFLRVVDQLWDULRVVH
HQWHQGHUiVXVWLWXLGRSRUHOGHXVXDULR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
25'(1 GH GH VHSWLHPEUH GH SRU OD TXH VH GHVDUUROOD HO 'HFUHWR GH GH PD\R TXH UHJXOD OD HVWUXFWXUD \
IXQFLRQDPLHQWRGHOD2¿FLQDGH'HIHQVDGH
ORV'HUHFKRVGHORV8VXDULRV6DQLWDULRV\OD
WUDPLWDFLyQGHODVUHFODPDFLRQHVVROLFLWXGHV
LQLFLDWLYDV\VXJHUHQFLDVHQHOiPELWRVDQLWDULR
\VHDSUXHEDQORVLPSUHVRV\PRGHORVGHKRMDV
GHUHFODPDFLRQHV\GHVROLFLWXGHVLQLFLDWLYDV\
VXJHUHQFLDVHQHOiPELWRVDQLWDULR
(O'HFUHWRGHGHMXOLRDxDGLy
DO 'HFUHWR GH GH PD\R SRU HO
TXH VH UHJXOD OD HVWUXFWXUD \ IXQFLRQDPLHQWR
GH OD 2ILFLQD GH 'HIHQVD GH ORV 'HUHFKRV GH
ORV 8VXDULRV 6DQLWDULRV \ OD WUDPLWDFLyQ GH
ODV UHFODPDFLRQHV VROLFLWXGHV LQLFLDWLYDV \
VXJHUHQFLDVHQHOiPELWRVDQLWDULROD6HFFLyQ
GHODGLVSRVLFLyQUHJODPHQWDULDFRQHOWtWXOR
GH©0HPRULDDQXDO\UHV~PHQHVPHQVXDOHVGH
DFWLYLGDGª (Q OD FLWDGD 6HFFLyQ VH FRQWLHQH
ODREOLJDFLyQGHOD2ILFLQD\GHVXVXQLGDGHV
IXQFLRQDOPHQWHGHSHQGLHQWHVGHHODERUDUXQRV
GRFXPHQWRV PHQVXDOHV HQ ORV TXH VH UHFRMD
QXPpULFDPHQWHODDFWLYLGDGUHDOL]DGDHQFDGD
SHUtRGRPHQVXDO\TXHVLUYDQGHSUHVXSXHVWR
QHFHVDULR SDUD OD FRQIHFFLyQ GH OD PHPRULD
DQXDO GH OD 2ILFLQD (O WH[WR UHJODPHQWDULR
GH RULJHQ FRQWLHQH HO PDQGDWR GH UHJXODFLyQ
SRVWHULRUGHOFRQWHQLGRHVWUXFWXUD\SOD]RGH
HODERUDFLyQGHODPHPRULDDVtFRPRGHORVUHV~
PHQHVPHQVXDOHVTXHVHFXPSOHFRQODSUHVHQWH
2UGHQ'HSDUWDPHQWDO
)LQDOPHQWH OD SRVLELOLGDG GH UHLWHUDU DQWH
HOWLWXODUGHOyUJDQRGHOTXHGHSHQGHOD2ILFLQDOD
UHFODPDFLyQRVROLFLWXGSRULQDFWLYLGDGGHODVXQL
GDGHVIXQFLRQDOPHQWHDGVFULWDVDFRQVHMDODPR
GLILFDFLyQGHOLPSUHVRRILFLDOGHUHFODPDFLyQ
\ GHO PRGHOR RILFLDO GH VROLFLWXG DSUREDGRV
LQLFLDOPHQWHSRUOD2UGHQ'HSDUWDPHQWDOGH
GHDEULOGH%2&QžGH
(Q VX YLUWXG D SURSXHVWD GH OD 6HFUHWDUtD
*HQHUDO7pFQLFD\SUHYLRLQIRUPHGHO6HUYLFLR
-XUtGLFR
',6321*2
35,0(520(025,$$18$/
/D PHPRULD DQXDO GH DFWLYLGDGHV GH OD
2ILFLQD GH 'HIHQVD GH ORV 'HUHFKRV GH ORV
8VXDULRV6DQLWDULRVVHUiHODERUDGDVLJXLHQGR
ORVVLJXLHQWHVFULWHULRV
(O FRQWHQLGR GH OD PHPRULD VH EDVDUi HQ
LQIRUPDFLyQ KRPRJpQHD SURSRUFLRQDGD SRU
ODVGLVWLQWDVXQLGDGHVIXQFLRQDOPHQWHGHSHQ
GLHQWHVGLYLGLpQGRVHHQDSDUWDGRVFRUUHVSRQ
GLHQWHV D ODV UHFODPDFLRQHV ODV VROLFLWXGHV
LQLFLDWLYDV \ VXJHUHQFLDV \ DO HVWDGR GH ORV
H[SHGLHQWHV
/D LQIRUPDFLyQ FRUUHVSRQGLHQWH D ODV
UHFODPDFLRQHV \ VROLFLWXGHV VH FODVLILFDUi \
FRGLILFDUiVHJ~QODVFODVLILFDFLRQHV\FyGLJRV
VHxDODGRVHQORVDQHMRV,\,,UHVSHFWLYDPHQWH
GHODSUHVHQWH2UGHQ'HSDUWDPHQWDO
/D LQIRUPDFLyQ FRUUHVSRQGLHQWH D ODV
LQLFLDWLYDV \ VXJHUHQFLDV QR HVWDUi VXMHWD D
FODVLILFDFLyQQLFRGLILFDFLyQFRUUHVSRQGLHQGR
VXYDORUDFLyQGLUHFWDPHQWHGHORVGDWRVFRQ
VLJQDGRVOLEUHPHQWH
6HJXQGR 3OD]R GH HODERUDFLyQ GH OD PH
PRULDDQXDO
/D PHPRULD DQXDO GHEHUi VHU ILQDOL]DGD
DQWHV GHO GH IHEUHUR GHO DxR VLJXLHQWH DO
TXHFRUUHVSRQGDVXFRQWHQLGR
'HQWURGHOSULPHUPHVGHODxROD2ILFLQD
HODERUDUiXQGRFXPHQWRSURYLVLRQDOHQHOTXH
VHFRQWHQGUiQORVGDWRVWRWDOL]DGRV\GHVDJUH
JDGRVSRUFODVHGHDWHQFLyQSDUDODVGLVWLQWDV
'LUHFFLRQHV*HUHQFLDV\'LUHFFLRQHV*HUHQ
FLDVDTXHVHUHILHUHHODUWtFXORGHO'HFUHWR
GHGHPD\R
7HUFHUR3URFHGLPLHQWRGHHODERUDFLyQGH
ODPHPRULDDQXDO
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
(O GRFXPHQWR SURYLVLRQDO D TXH VH UHILHUH
HO DSDUWDGR VHJXQGR GH OD SUHVHQWH 2UGHQ VH
FRQIHFFLRQDUi FRQ ORV GDWRV SURSRUFLRQDGRV SRU
ODV XQLGDGHV IXQFLRQDOPHQWH GHSHQGLHQWHV GH OD
2¿FLQD\FRQWHQLGRVHQORVUHV~PHQHVPHQVXDOHV
GHDFWLYLGDG
'LFKRVGDWRVVHUiQREMHWRGHDJUHJDFLyQ\GH
HODERUDFLyQGHFXDGURVHVWDGtVWLFRV
(OGRFXPHQWRSURYLVLRQDOVHUiUHSDUWLGRHQWUH
WRGDVODVXQLGDGHVGHSHQGLHQWHVTXHHQHOSOD]RGH
TXLQFHGtDVGHEHUiQ
5DWL¿FDUORVGDWRVTXHOHVFRUUHVSRQGDQ
(QFDVRGHYDULDFLyQSURSRQHUORVQXHYRVGDWRV
\MXVWL¿FDUODVDOWHUDFLRQHV
$xDGLUDODVHULHGHGDWRVORVTXHVHUH¿HUHQDOD
FRQWHVWDFLyQ\DHIHFWXDGDGHODVUHFODPDFLRQHV\
VROLFLWXGHV\VHxDODUODVTXHTXHGDQSHQGLHQWHV
&RPHQWDU ORV GDWRV SURSRUFLRQDGRV SRU OD
SURSLD XQLGDG \ ORV GHGXFLGRV GHO GRFXPHQWR
SURYLVLRQDO
EiVLFR GH OD HVWUXFWXUD GH OD PHPRULD D OD TXH
GHEHUiQLQFRUSRUDUVH
/RVGDWRVVHUiQGHVDJUHJDGRVDQLYHOGHFHQWURV
HQ DWHQFLyQ SULPDULD \ GH VHUYLFLRV HQ DWHQFLyQ
HVSHFLDOL]DGDWRWDOL]iQGRVHDGHPiVSRUFDGDyU
JDQRDORVTXHVHUH¿HUHHODUWtFXORGHO'HFUHWR
GHGHPD\R
/RVGDWRVFRUUHVSRQGLHQWHVDODVLQLFLDWLYDV\
VXJHUHQFLDVVHUiQGHOLEUHFRQVLJQDFLyQ
$SDUWLUGHOVHJXQGRPHVGHFDGDVHULHDQXDOORV
GDWRVVHSUHVHQWDUiQWDPELpQHQFLIUDVDFXPXODGDV
FRQUHODFLyQDORVSURSRUFLRQDGRVHQHOUHVXPHQ
DQWHULRU
6H[WR,PSUHVRV\PRGHORVR¿FLDOHV
/RV LPSUHVRV \ PRGHORV RILFLDOHV SDUD OD
SUHVHQWDFLyQ SUHIHUHQWH GH ODV UHFODPDFLRQHV
VROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDVVRQORVTXHVH
UHFRJHQHQORVDQHMRV,,,,9\9UHVSHFWLYDPHQWH
GHODSUHVHQWH2UGHQ
&XDUWR)LQDOL]DFLyQGHODPHPRULDDQXDO
8QDYH]UDWL¿FDGRVORVGDWRVRMXVWL¿FDGDVVXV
YDULDFLRQHVOD2¿FLQDGH'HIHQVDGHORV'HUHFKRV
GHORV8VXDULRV6DQLWDULRV¿QDOL]DUiORVWUDEDMRVGH
FRPSRVLFLyQHYDOXDFLyQ\UHGDFFLyQGHORVFRPHQ
WDULRV\FRQFOXVLRQHV¿QDOHVGHODPHPRULD
/DPHPRULDVHUiVXVFULWDSRUHOWLWXODUGHOyU
JDQRGHOTXHGHSHQGDOD2¿FLQDGH'HIHQVDGHORV
'HUHFKRVGHORV8VXDULRV6DQLWDULRV
4XLQWR5HV~PHQHVPHQVXDOHVGHDFWLYLGDG
/RV UHV~PHQHV PHQVXDOHV GH DFWLYLGDG FRQV
WLWX\HQHODQWHFHGHQWHHVWDGtVWLFRQHFHVDULRGHOD
PHPRULDDQXDO
6HUiQHODERUDGRVSRUOD2¿FLQD\VXVXQLGDGHV
IXQFLRQDOHVHQORVTXLQFHGtDVQDWXUDOHVVLJXLHQWHV
DOD¿QDOL]DFLyQGHOPHVDTXHVHUH¿HUDQ
/RVGDWRVUHODWLYRVDODVUHFODPDFLRQHV\VROLFL
WXGHVVHFODVL¿FDUiQ\FDWDORJDUiQGHFRQIRUPLGDG
FRQORSUHYLVWRHQORVDQHMRV,\,,GHODSUHVHQWH
2UGHQ'HSDUWDPHQWDOFRQVWLWX\HQGRHOFRQWHQLGR
6pSWLPR8WLOL]DFLyQGHLPSUHVRV\PRGHORV
DQWHULRUHV
/RV LPSUHVRV \ PRGHORV R¿FLDOHV GH UHFOD
PDFLRQHV \ VROLFLWXGHV DQWHULRUHV D OD HQWUDGD
HQ YLJRU GH OD SUHVHQWH 2UGHQ 'HSDUWDPHQWDO
SRGUiQ VHJXLU XWLOL]iQGRVH KDVWD TXH VH DJRWHQ
VLHPSUHTXHVHLQFRUSRUHDORVPLVPRVPHGLDQWH
HVWDPSDFLyQGHVHOORGHFDXFKRRFXDOTXLHURWUR
SURFHGLPLHQWRODLQIRUPDFLyQDGLFLRQDOFRQWHQLGD
HQORVDQHMRV,,,\,9
2FWDYR(MHFXFLyQ
6HIDFXOWDDO6HFUHWDULR*HQHUDO7pFQLFRGHO
'HSDUWDPHQWRSDUDODUHDOL]DFLyQGHORVDFWRVGH
HMHFXFLyQGHODSUHVHQWH2UGHQ'HSDUWDPHQWDO\HQ
SDUWLFXODUSDUDHVWDEOHFHUHOVLVWHPDGHQXPHUDFLyQ
GHORVLPSUHVRV\PRGHORVGHKRMDVGHUHFODPD
FLRQHV\GHVROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDV
1RYHQR'HURJDFLyQ
(VWHDUWtFXORVHWUDQVFULEHFRQODUHGDFFLyQGDGDSRUHO'HFUHWRGHGHMXOLR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
4XHGDGHURJDGDOD2UGHQGHGHDEULOGH
%2&QžGHSRUODTXHVHDSUXHEDQ
ORVLPSUHVRV\PRGHORVGHKRMDVGHUHFODPDFLRQHV
\GHVROLFLWXGHVLQLFLDWLYDV\VXJHUHQFLDVHQHO
iPELWRVDQLWDULR
$1(-2,
5(&/$0$&,21(6<
62/,&,78'(6
'H¿QLFLyQ\FODVL¿FDFLyQ
(QWUDGDHQYLJRU
/DSUHVHQWH2UGHQ'HSDUWDPHQWDOVHUiSXEOL
FDGDHQHO%ROHWtQ2¿FLDOGH&DQDULDV\HQWUDUi
HQYLJRUHOGtDGHRFWXEUHGH
6DQWD&UX]GH7HQHULIH
DGHVHSWLHPEUHGH
*58326
$VLVWHQFLDOHV
6RQODVUHIHULGDVDXQDFWRRSURFHVRDVLVWHQFLDO
HQ VX WRWDOLGDG HIHFWXDGR SRU XQ HTXLSR VDQL
WDULRSDUDWUDWDUGHGDUVROXFLyQDXQSUREOHPD
GHVDOXG
'HWUDWR
6RQODVUHIHULGDVDODVUHODFLRQHVHQWUHSHUVRQDV
SURSLDV GH FXDOTXLHU RUJDQL]DFLyQ TXH SUHVWD
XQVHUYLFLR
(/&216(-(52'(
6$1,'$'<&216802
-RVp5DIDHO'tD]0DUWtQH]
'HLQIRUPDFLyQ
6RQODVUHIHULGDVDODFRPXQLFDFLyQRUDORHVFULWD
WDQWRGHORVVHUYLFLRVRSUHVWDFLRQHVVDQLWDULDV
FRPRGHORVGHUHFKRV\GHEHUHVGHORVXVXDULRV
SURFHGLPLHQWRVQRUPDWLYD\GHPiVFXHVWLRQHV
GHQDWXUDOH]DVDQLWDULD
'HRUJDQL]DFLyQ
6RQODVUHIHULGDVDODSODQL¿FDFLyQRUGHQDFLyQ
FRRUGLQDFLyQRUHVROXFLyQGHODVGLIHUHQWHVHV
WUXFWXUDV\FLUFXLWRVGHODUHGDVLVWHQFLDO
'HKRVWHOHUtDKDELWDELOLGDGFRQIRUW
6RQODVUHIHULGDVDODVFRQGLFLRQHVGHKRVWHOH
UtDKDELWDELOLGDGDORMDPLHQWR\FRQIRUWGHORV
XVXDULRVHQHOFHQWURDVLVWHQFLDO
2WURV
6RQ ODV UHFODPDFLRQHV \ VROLFLWXGHV UHIHULGDV
D ORV DVSHFWRV QR FDWDORJDGRV HQ ORV JUXSRV
DQWHULRUHV 6X XWLOL]DFLyQ GHEH VHU UHVLGXDO
VyORDSOLFDEOHHQORVFDVRVGHQRSURFHGHURWUD
DQWHULRU
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
$1(-2,,
&Ï',*26'(/26*583265(/$7,926$
/$65(&/$0$&,21(6<62/,&,78'(6
5HFHWDVPpGLFDV5HFODPDFLRQHVFX\RRE
MHWRVHEDVDHQODQHJDWLYDGHODSUHVFULSFLyQGH
UHFHWDVPpGLFDV
2WURV5HFODPDFLRQHVFX\RREMHWRQRHVWiLQ
FOXLGRHQORVDSDUWDGRVDQWHULRUHVGHO*UXSR
*UXSR$6,67(1&,$/(6
1HJDWLYDDODSUHVWDFLyQGHODDVLVWHQFLD
5HFODPDFLyQUHODWLYDDODQRSUHVWDFLyQGHOD
DVLVWHQFLDVDQLWDULDVROLFLWDGD
,QVDWLVIDFFLyQ FRQ OD SUHVWDFLyQ GH OD
DVLVWHQFLD 5HFODPDFLyQ TXH FRQWLHQH OD
FRQVLGHUDFLyQGHOXVXDULRGHTXHODDWHQFLyQ
VDQLWDULDVROLFLWDGDKDVLGRLQVXILFLHQWH
'HPRUD HQ OD DVLVWHQFLD 5HFODPDFLyQ
VREUH HO H[FHVLYR WLHPSR GH HVSHUD SDUD VHU
DWHQGLGRHOXVXDULR
,QIHFFLyQQRVRFRPLDO5HFODPDFLyQUHOD
WLYDDODSRVLEOHLQIHFFLyQGHOXVXDULRGXUDQWH
VXSHUPDQHQFLDHQHOUHFLQWRKRVSLWDODULR
(UURU DVLVWHQFLDO 5HFODPDFLyQ FX\R
REMHWRVHEDVDHQXQDHTXLYRFDFLyQGH
GHGLDJQyVWLFR
GHWUDWDPLHQWRRPHGLFDFLyQ
GHLQWHUYHQFLyQTXLU~UJLFD
RWURV
,QFXPSOLPLHQWR GH OD GLHWD DOLPHQWLFLD
5HFODPDFLyQTXHVHEDVDHQXQSRVLEOHHUURU
LPSXWDEOHDOFHQWURVDQLWDULRHQFXDQWRDOUp
JLPHQDOLPHQWLFLRSUHVFULWRDOSDFLHQWH
,PSXWDFLyQGHPDODSUD[LV5HFODPDFLyQ
UHODWLYDDODDFWXDFLyQGHOSURIHVLRQDOVDQLWDULR
FRQWUDULDDODSUiFWLFDDVLVWHQFLDO
1HJDWLYD D OD HODERUDFLyQ GH EDMDV \
DOWDV GH ,QFDSDFLGDG 7HPSRUDO \ SUHVWDFLR
QHV FRPSOHPHQWDULDV 5HFODPDFLRQHV VREUH
OD QHJDWLYD D GDU EDMDV ODERUDOHV GH ,7 ODV
FRUUHVSRQGLHQWHVDOWDV\ODVSUHVWDFLRQHVFRP
SOHPHQWDULDVVHJ~QODVREOLJDFLRQHVTXHFDGD
SHUVRQDOWLHQHHQORVQLYHOHVDVLVWHQFLDOHV
*UXSR75$72
7UDWRSHUVRQDOLQDGHFXDGR5HFODPDFLRQHV
UHODWLYDVDODIDOWDGHWUDWRDGHFXDGRRPRGRGH
UHODFLyQHQWUHHOXVXDULR\HOSHUVRQDOLQFOX\HQGR
ODVIDOWDVGHUHVSHWR\FRQVLGHUDFLyQ
)DOWDGHLQWLPLGDG5HFODPDFLRQHVTXHVHEDVDQ
HQOD UHDOL]DFLyQ GHO DFWR R SURFHVR DVLVWHQFLDO
VLQ HO FXLGDGR \ UHVSHWR GHELGR D ODV QRUPDV \
FRVWXPEUHVTXHVHYLQFXODQFRQODLQWLPLGDGGH
ODVSHUVRQDV
)DOWD GH FRQILGHQFLDOLGDG 5HFODPDFLyQ
UHODWLYDDOSRVLEOHLQFXPSOLPLHQWRGHODVQRUPDV
YLJHQWHVUHVSHFWRGHOVHFUHWRSURIHVLRQDO\ODGL
YXOJDFLyQGHDVSHFWRVSHUVRQDOHVGHOGLDJQyVWLFR
GHODWHUDSpXWLFDHWF
5HSUHVDOLD SRU UHFODPDFLyQ 5HFODPDFLyQ
UHODWLYDDODLQWHUSUHWDFLyQGHOXVXDULRGHTXHHO
PDOWUDWRUHFLELGRHVFRQVHFXHQFLDGHODSUHVHQ
WDFLyQGHXQDUHFODPDFLyQ
$FWXDFLRQHVFRQWUDODLQWHJULGDGGHODVSHUVR
QDV5HFODPDFLRQHVVREUHDFWXDFLRQHVFRQWUDOD
LQWHJULGDGItVLFDRPRUDOGHODVSHUVRQDV
2WURV5HFODPDFLRQHVFX\RREMHWRQRHVWiLQ
FOXLGRHQORVDSDUWDGRVDQWHULRUHVGHO*UXSR
*UXSR,1)250$&,Ï1
,QIRUPDFLyQ JHQHUDO 5HFODPDFLyQ FX\R
REMHWRYHUVDVREUHODIDOWDLQVX¿FLHQFLDRLQDGH
FXDFLyQGHODLQIRUPDFLyQS~EOLFD
,QIRUPDFLyQDVLVWHQFLDO5HFODPDFLyQFX\R
REMHWRYHUVDVREUHODIDOWDLQVX¿FLHQFLDRLQDGH
FXDFLyQGHODLQIRUPDFLyQDVLVWHQFLDO
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
)DOWD'HPRUDHQODHODERUDFLyQGHOLQIRUPH
HVFULWR5HFODPDFLyQUHODWLYDDODDXVHQFLDRUH
WUDVRHQODHODERUDFLyQGHORVLQIRUPHVHVFULWRV
&LWDSUHYLDFHQWUDOL]DGD5HFODPDFLRQHVUHIH
ULGDVDODFLWDFLyQUHDOL]DGDDWUDYpVGHOSURJUDPD
GHFLWDSUHYLD
'HQHJDFLyQGHLQIRUPHHVFULWR5HFODPDFLyQ
UHODWLYDDODGHQHJDFLyQHQODHODERUDFLyQGHXQ
LQIRUPHTXHODLQVWLWXFLyQVDQLWDULDVHHQFXHQWUD
REOLJDGDDUHDOL]DU
'H¿FLHQFLDVHQHOWUDVODGRLQWHUQR5HFODPD
FLRQHVUHIHULGDVDODVLQFLGHQFLDVRFXUULGDVHQHO
WUDVODGRGHQWURGHOFHQWUR
)DOWDRGH¿FLHQFLDHQODKLVWRULD\GRFXPHQWD
FLyQFOtQLFD5HFODPDFLyQUHODWLYDDODVGH¿FLHQ
FLDVSpUGLGDWHPSRUDORGH¿QLWLYDGHODKLVWRULD
FOtQLFD\GRFXPHQWDFLyQDVLVWHQFLDO
)DOWD GH FRQVHQWLPLHQWR LQIRUPDGR 5H
FODPDFLyQ UHODWLYD D OD IDOWD GH PDWHULDOL]DFLyQ
IRUPDO SRU DPEDV SDUWHV GHO FRQVHQWLPLHQWR
LQIRUPDGRVLHPSUH\FXDQGRORUHTXLHUDHODFWR
DVLVWHQFLDO
2WURV5HFODPDFLRQHVFX\RREMHWRQRHVWiLQ
FOXLGRHQORVDSDUWDGRVDQWHULRUHVGHO*UXSR
7UDQVSRUWHVDQLWDULRH[WHUQR5HFODPDFLRQHV
UHIHULGDV D ORV VHUYLFLRV FRQFHUWDGRV GH DPEX
ODQFLDV
,QFXPSOLPLHQWRGHKRUDULR5HFODPDFLRQHV
UHODWLYDVDOSRVLEOHLQFXPSOLPLHQWRSRUHOSURIH
VLRQDOGHOKRUDULRODERUDOHVWDEOHFLGR
'H¿FLHQFLDVHQHOSURFHVRGHLQJUHVRDFFHVR
5HFODPDFLRQHVVREUHLQFLGHQFLDVVXUJLGDVHQHO
LQJUHVRKRVSLWDODULR
$VLJQDFLyQRFDPELRGHPpGLFR5HFODPDFLR
QHVVXUJLGDVHQHOSURFHVRGHFDPELRGHIDFXOWDWLYR
\ODVUHODWLYDVDOSRVLEOHUHFKD]RGHOSDFLHQWHSRU
SDUWHGHOPpGLFR
*UXSR25*$1,=$&,Ï1
<75È0,7(6
/LVWDV GH HVSHUD 5HFODPDFLRQHV UHODFLR
QDGDVFRQODVLWXDFLyQGHHVSHUDSDUDDFFHVRDO
VLVWHPDHQORVVLJXLHQWHVVXSXHVWRV
GHFRQVXOWD
GHLQJUHVRKRVSLWDODULR
GHLQWHUYHQFLyQTXLU~UJLFD
GHSUXHEDVGLDJQyVWLFDV
GHWHUDSpXWLFD
6XVSHQVLyQDQXODFLyQ 5HFODPDFLRQHV
UHODWLYDV D OD DQXODFLyQ R WUDVODGR GH IHFKD GH
XQDFWRDVLVWHQFLDOUHVSHFWRGHODFLWDFLyQHQORV
VLJXLHQWHVVXSXHVWRV
GHFRQVXOWD
GHLQJUHVRSURJUDPDGR
GHLQWHUYHQFLyQTXLU~UJLFD
GHSUXHEDVGLDJQyVWLFDV
GHWHUDSpXWLFD
'HVDSDULFLyQ GH REMHWRV 5HFODPDFLRQHV
VREUHSRVLEOHGHVDSDULFLyQGHREMHWRVHQWUHJDGRV
DODFXVWRGLDGHOSHUVRQDO
6XVWUDFFLyQ5HFODPDFLRQHVTXHWLHQHQSRU
REMHWRHOSRVLEOHKXUWRGHELHQHVGHORVXVXDULRV
'H¿FLHQFLDV HQ OD FRRUGLQDFLyQ 5HFODPD
FLRQHV VREUH GHVFRRUGLQDFLyQ HQ ODV UHODFLRQHV
HQWUH QLYHOHV DVLVWHQFLDOHV R GHQWUR GH OD SURSLD
LQVWLWXFLyQVDQLWDULD
7UiPLWHV GL¿FXOWRVRV 5HFODPDFLRQHV UHOD
WLYDVDODFRQVLGHUDFLyQGHORVXVXDULRVVREUHOD
GL¿FXOWDGGHORVWUiPLWHVRSURFHGLPLHQWRV
6ROLFLWXGGHVHJXQGDRSLQLyQ5HFODPDFLyQ
VREUHQRWUDPLWDFLyQRGHQHJDFLyQGHXQDVHJXQGD
RSLQLyQ
&LWDFLyQ5HFODPDFLRQHVUHODFLRQDGDVFRQ
SRVLEOHVHUURUHVHQODFLWDFLyQGHORVXVXDULRV
'HULYDFLyQ D RWURV FHQWURV 5HFODPDFLyQ
SRU OD QHJDWLYD D TXH HO SDFLHQWH VHD WUDVODGDGR
DRWURFHQWUR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
'HPRUD HQ HO DERQR GH SUHVWDFLRQHV FRP
SOHPHQWDULDVUHLQWHJURGHJDVWRVHWF5HFODPD
FLRQHVUHODWLYDVDODWDUGDQ]DHQODFRQWHVWDFLyQ
GH XQD SUHVWDFLyQ FRPSOHPHQWDULD R UHLQWHJUR
GHJDVWRV
'HQHJDFLyQ GH SUHVWDFLRQHV FRPSOHPHQWD
ULDV UHLQWHJURV GH JDVWRV HWF 5HFODPDFLRQHV
UHODWLYDVDSRVLEOHVOHVLRQHVGHORVGHUHFKRVGH
ORV XVXDULRV SRU GHQHJDFLyQ GH XQD SUHVWDFLyQ
FRPSOHPHQWDULDRUHLQWHJURGHJDVWRV
(UURUGHIDFWXUDFLyQ5HFODPDFLRQHVFX\R
REMHWRYHUVDVREUHSRVLEOHHUURUPDWHULDORGLIH
UHQFLDFRQUHVSHFWRDODIDFWXUDFLyQHIHFWXDGDHQ
HSLVRGLRVDVLVWHQFLDOHVHQORVTXHH[LVWHXQVXMHWR
REOLJDGRDOSDJR
'HVDFXHUGRFRQHOFRVWHGHODDVLVWHQFLD5H
FODPDFLyQUHODWLYDDXQGHVDFXHUGRHQWUHHOFRVWH
GHODDVLVWHQFLD\ODSUHVWDFLyQDVLVWHQFLDO
,QFXPSOLPLHQWRGHODVQRUPDVVHFWRULDOHV\
HQHVSHFLDOODVUHODWLYDVDOFRQVXPRGHOWDEDFR
5HFODPDFLRQHV VREUH LQFXPSOLPLHQWR GH OD
QRUPDWLYD VHFWRULDO YLJHQWH HQ HVSHFLDO D ODV
LQIUDFFLRQHVVREUHFRQVXPRGHWDEDFR
'HVDFXHUGRFRQODVQRUPDVLQVWLWXFLRQDOHV
5HFODPDFLRQHV VREUH GLVFRQIRUPLGDG FRQ ODV
QRUPDV GH IXQFLRQDPLHQWR SURSLDV GH OD LQVWL
WXFLyQ
*UXSR+267(/(5Ë$
+$%,7$%,/,'$'&21)257
,QVDWLVIDFFLyQ5HFODPDFLRQHVTXHH[WHULRUL
]DQODGLVFRQIRUPLGDGFRQHOIXQFLRQDPLHQWRGH
ORVVLJXLHQWHVVHUYLFLRV
&RQVXOWRULR
+DELWDFLyQ
,QIUDHVWUXFWXUD\ORFDOHV
(TXLSDPLHQWR
0DQWHQLPLHQWR
$OLPHQWDFLyQ
/LPSLH]D
/HQFHUtD
7HOHYLVLyQ
)DOWD GH VLOHQFLR 5HFODPDFLRQHV VREUH OD
H[LVWHQFLDGHUXLGRVTXHSHUWXUEDQODWUDQTXLOLGDG
GHORVSDFLHQWHV
3UREOHPDVHQODFRPXQLFDFLyQWHOpIRQR5H
FODPDFLRQHVVREUHODGL¿FXOWDGGHHVWDEOHFLPLHQWR
GHODVFRPXQLFDFLRQHV
)DOWDGHVHJXULGDG5HFODPDFLRQHVTXHDSUH
FLDQFDUHQFLDVHQODVFRQGLFLRQHVGHVHJXULGDGHQ
ORVFHQWURV
2WURV 5HFODPDFLRQHV QR LQFOXLGDV HQ ORV
DSDUWDGRVGHO*UXSR
*UXSR275265HFODPDFLRQHVQRFRGL¿FDGDV
HQORV*UXSRVDQWHULRUHV
+XHOJD5HFODPDFLyQTXHVHSURGXFHDQWH
XQD VLWXDFLyQ GH QR DVLVWHQFLD SRU UD]RQHV GH
KXHOJDODERUDO
&RPSHQVDFLyQ HFRQyPLFD SRU H[WUDYtR GH
REMHWRV SHUVRQDOHV 5HFODPDFLyQ UHODWLYD D OD
LQGHPQL]DFLyQ SRU REMHWRV SHUVRQDOHV H[WUDYLD
GRV
&REURLQGHELGRGHKRQRUDULRV5HFODPDFLyQ
SRU HO FREUR LQGHELGR GH KRQRUDULRV TXH VH KD
UHDOL]DGRSRUDFWRDVLVWHQFLDO
2WURV5HFODPDFLRQHVFX\RREMHWRQRHVWi
LQFOXLGRHQORVDQWHULRUHVGHO*UXSR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
$1(-2,,,
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
2UGHQGHGHIHEUHURGHGHOD&RQ
VHMHUD GH 6DQLGDG SRU OD TXH VH DSUXHED OD
&DUWDGHORV'HUHFKRV\GHORV'HEHUHVGHORV
3DFLHQWHV\8VXDULRV6DQLWDULRV\VHUHJXODVX
GLIXVLyQ%2&QžGHGHPDU]R
(OUHFRQRFLPLHQWR\ODSODVPDFLyQMXUtGLFD
GHORVGHUHFKRV\GHORVGHEHUHVGHORVSDFLHQ
WHV\XVXDULRVVDQLWDULRVVHUHFRJHQSRUYH]SUL
PHUDHQQXHVWUDOHJLVODFLyQHQOD/H\
GHGHDEULO*HQHUDOGH6DQLGDG
/D/H\GHGHMXOLRGH2UGHQD
FLyQ 6DQLWDULD GH &DQDULDV GHQWUR GHO PDUFR
MXUtGLFR DQWHULRU UHODFLRQD HQ HO &DStWXOR ,,
GHO7tWXOR3ULPHURORVGHUHFKRV\ORVGHEHUHV
GH ORV FLXGDGDQRV HQ HO 6LVWHPD &DQDULR GH
OD6DOXG
/D/H\GHGHQRYLHPEUHEi
VLFD UHJXODGRUD GH OD DXWRQRPtD GHO SDFLHQWH
\ GH GHUHFKRV \ REOLJDFLRQHV HQ PDWHULD GH
LQIRUPDFLyQ\GRFXPHQWDFLyQFOtQLFDUHFRJH
FRQ FDUiFWHU EiVLFR GHUHFKRV HVHQFLDOHV GH
ORV SDFLHQWHV \ XVXDULRV GHILQLHQGR DPERV
FRQFHSWRV
(VWDUHDGHORVSRGHUHVS~EOLFRVODSURWHF
FLyQMXUtGLFDGHORVGHUHFKRVUHFRQRFLGRVSHUR
WDPELpQHQXQDPLVPDGLPHQVLyQHLPSRUWDQ
FLDODFRGLILFDFLyQ\GLIXVLyQGHORVPLVPRV
GHWDOPDQHUDTXHWRGRVORVFLXGDGDQRVSXHGDQ
WHQHUXQUiSLGRDFFHVRDOFRQRFLPLHQWRGHVXV
REOLJDFLRQHV\GHUHFKRV
6yOR FRQ XQ FRQRFLPLHQWR H[DFWR GH ORV
GHUHFKRVSXHGHQpVWRVVHUHMHUFLWDGRVSRUVXV
WLWXODUHV \ HQ SHUIHFWD FRUUHVSRQGHQFLD VyOR
SRGUiQVHUH[LJLEOHVODVREOLJDFLRQHVDOXVXDULR
FXDQGRFRQR]FDVXFRQWHQLGR
'HQWURGHODRUGHQDFLyQVDQLWDULDGH&DQD
ULDVOD/H\GHGHMXOLRFRQILJXUD
XQ PDUFR JDUDQWLVWD GH ORV GHUHFKRV \ GH ORV
GHEHUHVGHORVFLXGDGDQRV$VtHQHODUWtFXOR
GHOD/H\VHHQFRPLHQGDDOD$GPLQLVWUDFLyQ
VDQLWDULDSDUDTXHJDUDQWLFHDORVFLXGDGDQRV
ODLQIRUPDFLyQVXILFLHQWHVREUHORVGHUHFKRV\
ORVGHEHUHVHQHO6LVWHPD&DQDULRGHOD6DOXG
OHWUDDGHODSDUWDGRGHOSUHFHSWR/DSURSLD
GLVSRVLFLyQOHJDOFLWDGDFUHDHQHOPLVPRDUWt
FXORSHURHQVXDSDUWDGRXQDXQLGDGDGPLQLV
WUDWLYDHVSHFtILFDOD2ILFLQDGH'HIHQVDGHORV
'HUHFKRVGHORV8VXDULRV6DQLWDULRVDGVFULWD
RUJiQLFD \ IXQFLRQDOPHQWH D OD &RQVHMHUtD
FRPSHWHQWHHQPDWHULDGHVDQLGDG
(O'HFUHWRGHGHPD\RUHJXOD
ODHVWUXFWXUD\HOIXQFLRQDPLHQWRGHOD2ILFLQD
GHORV'HUHFKRVGHORV8VXDULRV6DQLWDULRV\OD
WUDPLWDFLyQGHODVUHFODPDFLRQHVVROLFLWXGHV
LQLFLDWLYDV\VXJHUHQFLDVHQHOiPELWRVDQLWDULR
%2&QžGHGHMXQLR6HJ~QHODUWtFXOR
GH OD FLWDGD GLVSRVLFLyQ ³OD 2ILFLQD HV OD
XQLGDG UHVSRQVDEOH GHO FXPSOLPLHQWR FRQ
HIHFWLYLGDGGHOUpJLPHQGHORVGHUHFKRVUHFR
QRFLGRVDORVXVXDULRVGHO6LVWHPD&DQDULRGH
OD6DOXGSRUOD/H\GHGHMXOLRGH
2UGHQDFLyQ6DQLWDULDGH&DQDULDV´
'HQWURGHOiUHDIXQFLRQDOGHLQIRUPDFLyQHO
DUWtFXOROHWUDJGHO'HFUHWRDWULEX
\HDOD2ILFLQDODIXQFLyQGHHODERUDU\GLIXQGLU
OD&DUWDGHORV'HUHFKRV\GHORV'HEHUHVGH
ORV3DFLHQWHV\8VXDULRV6DQLWDULRV
'H DFXHUGR FRQ OD 'LVSRVLFLyQ )LQDO 3UL
PHUD GH OD QRUPD UHJODPHQWDULD FLWDGD FR
UUHVSRQGHDO&RQVHMHURFRPSHWHQWHHQPDWHULD
GHVDQLGDGGLFWDUODVGLVSRVLFLRQHVQHFHVDULDV
D ILQ GH FXPSOLU HO PHQFLRQDGR PDQGDWR UH
JODPHQWDULR
(QFRQVHFXHQFLD
',6321*2
$UWtFXOR2EMHWR
/DSUHVHQWH2UGHQWLHQHSRUREMHWRDSUREDU
OD&DUWDGHORV'HUHFKRV\GHORV'HEHUHVGH
ORV3DFLHQWHV\8VXDULRV6DQLWDULRVGHO6LVWHPD
&DQDULR GH OD 6DOXG TXH VH LQFRUSRUD FRPR
DQH[R,
$UWtFXOR'LIXVLyQGHOD&DUWD
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
/D2¿FLQDGH'HIHQVDGHORV'HUHFKRV
GH ORV 8VXDULRV 6DQLWDULRV VH HQFDUJDUi GH OD
HODERUDFLyQ GH ORV VRSRUWHV LQIRUPiWLFRV \
GRFXPHQWDOHVDORVTXHVHLQFRUSRUDUiOD&DUWD
DVtFRPRGHVXGLIXVLyQHQWUHORVFHQWURVHVWD
EOHFLPLHQWRV\VHUYLFLRVVDQLWDULRVLQWHJUDQWHV
GHO6LVWHPD&DQDULRGHOD6DOXG
/RVUHVSRQVDEOHVGHORVFHQWURVVHUYLFLRV
\HVWDEOHFLPLHQWRVVDQLWDULRVGHEHUiQPDQWHQHU
HOPDWHULDOHQHOTXHVHUHFRMDOD&DUWDDGLVSR
VLFLyQGHORVSDFLHQWHVRXVXDULRVVDQLWDULRV\
HVSHFLDOPHQWHHQODV]RQDVKDELOLWDGDVSDUDOD
DWHQFLyQDOS~EOLFR
/RV FDUWHOHV TXH VH FRQIHFFLRQHQ VH
¿MDUiQ HQ ODV SDUHGHV FRQ PD\RU WUiQVLWR GH
SDFLHQWHVRXVXDULRVGHDFXHUGRFRQODVFDUDF
WHUtVWLFDVGHORV&HQWURV
/RVIROOHWRVGtSWLFRV\KRMDVLQIRUPDWL
YDVVHKDELOLWDUiQHQPRVWUDGRUHV\OXJDUHVTXH
SXHGDQVHUIiFLOPHQWHDFFHVLEOHVDORVXVXDULRV
SDUDVXFRQVXOWD
',6326,&,21(6
),1$/(6
3ULPHUD(MHFXFLyQ
6HIDFXOWDDOD6HFUHWDULDJHQHUDOWpFQLFDGH
HVWH'HSDUWDPHQWRSDUDGLFWDUORVDFWRVQHFHVD
ULRVSDUDODHMHFXFLyQGHODSUHVHQWH2UGHQ
6HJXQGD(QWUDGDHQYLJRU
/D SUHVHQWH 2UGHQ HQWUDUi HQ YLJRU HO GtD
VLJXLHQWH DO GH VX SXEOLFDFLyQ HQ HO %ROHWtQ
2¿FLDOGH&DQDULDV
6DQWD&UX]GH7HQHULIH
DGHIHEUHURGH
/$&216(-(5$'(6$1,'$'
0DUtDGHO0DU-XOLRV5H\HV
',6326,&,21(6
$',&,21$/(6
3ULPHUD6XPLQLVWURGHOPDWHULDO
/D2¿FLQDGH'HIHQVDGHORV'HUHFKRVGHORV
8VXDULRV6DQLWDULRVYHODUiSDUDTXHOD&DUWDGH
ORV'HUHFKRV\GHORV'HEHUHVGHORV3DFLHQWHV
\8VXDULRV6DQLWDULRVGHO6LVWHPD&DQDULRGH
OD6DOXGHQORVVRSRUWHVTXHVHFRQIHFFLRQHQ
HVWp D VX GLVSRVLFLyQ UHQRYDQGR SHULyGLFD
PHQWH HO VXPLQLVWUR D ORV GLVWLQWRV FHQWURV
HVWDEOHFLPLHQWRV\VHUYLFLRVVDQLWDULRVVHJ~Q
ODVQHFHVLGDGHVUHDOHVGHORVPLVPRV
6HJXQGD&RVWHGHODHODERUDFLyQ
&XDQGR OD GHPDQGD GH PDWHULDO WHQJD FD
UiFWHU H[WUDRUGLQDULR R VXSHUH OD PHGLD UHDO
HO FRVWH GH OD FRQIHFFLyQ GHO PDWHULDO SRGUi
LPSXWDUVHDOFHQWURVHUYLFLRRHVWDEOHFLPLHQWR
VDQLWDULRTXHODKD\DRULJLQDGR
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
$1(;2&$57$'(
/26'(5(&+26<'(
/26'(%(5(6'(/26
3$&,(17(6<868$5,26
'(/6,67(0$&$1$5,2
'(/$6$/8'
VDQLWDULDV\VREUHORVUHTXLVLWRVQHFHVDULRVSDUDVX
XVR\DFFHVR
$TXHVHOHVH[WLHQGDFHUWL¿FDFLyQDFUHGLWDWLYD
GHVXHVWDGRGHVDOXGTXHVHUiJUDWXLWDFXDQGRDVt
VH HVWDEOH]FD SRU XQD GLVSRVLFLyQ OHJDO R UHJOD
PHQWDULD
'(5(&+26
$OUHVSHWRGHVXSHUVRQDOLGDGGLJQLGDGKXPDQD
HLQWLPLGDGDODDXWRQRPtDGHVXYROXQWDG\DODQR
GLVFULPLQDFLyQ
$ODSURPRFLyQ\HGXFDFLyQSDUDODVDOXG
$OD,QIRUPDFLyQFRPSOHWD\FRQWLQXDGDVREUH
VXSURFHVRGLDJQyVWLFRSURQyVWLFR\DOWHUQDWLYDVGH
WUDWDPLHQWRHQWpUPLQRVFRPSUHQVLEOHVSDUDpO\
HQVXFDVRDVXVIDPLOLDUHVRSHUVRQDVOHJDOPHQWH
UHVSRQVDEOHV\DOUHVSHWRGHODYROXQWDGGHQRVHU
LQIRUPDGR
$REWHQHUORVPHGLFDPHQWRV\SURGXFWRVVDQL
WDULRVTXHVHFRQVLGHUHQQHFHVDULRVHQORVWpUPLQRV
TXHVHHVWDEOH]FDQSRUOD$GPLQLVWUDFLyQ*HQHUDO
GHO(VWDGR
$ODFFHVRFRQODVUHVHUYDVPDUFDGDVSRUOD/H\
DODGRFXPHQWDFLyQTXHLQWHJUDVXKLVWRULDFOtQLFD\D
ODREWHQFLyQGHFRSLDGHVXVGDWRV\DTXHORVFHQWURV
VDQLWDULRV GLVSRQJDQ GH PHFDQLVPRV GH FXVWRGLD
DFWLYD\GLOLJHQWHGHODVKLVWRULDVFOtQLFDV
$ OD FRQ¿GHQFLDOLGDG GH WRGD OD LQIRUPDFLyQ
UHODFLRQDGDFRQVXSURFHVR\HVWDQFLDHQFXDOTXLHU
&HQWUR6DQLWDULRGH&DQDULDV
$ GLVSRQHU HQ WRGRV ORV FHQWURV VHUYLFLRV \
HVWDEOHFLPLHQWRV VDQLWDULRV \ VRFLR VDQLWDULRV GH
XQDFDUWDGHGHUHFKRV\GHEHUHVSRUODTXHKDGH
UHJLUVHVXUHODFLyQFRQORVPLVPRV\DODIRUPX
ODFLyQGH6XJHUHQFLDV\5HFODPDFLRQHVDVtFRPR
D UHFLELU UHVSXHVWD SRU HVFULWR GHQWUR GHO SOD]R
UHJODPHQWDULR
$SDUWLFLSDUHQODVDFWLYLGDGHVVDQLWDULDVDWUDYpV
GH ODV LQVWLWXFLRQHV FRPXQLWDULDV HQ ORV WpUPLQRV
HVWDEOHFLGRVSRUOD/H\
$ OD LQIRUPDFLyQ VX¿FLHQWH FRPSUHQVLEOH \
DGHFXDGDVREUHORVIDFWRUHVVLWXDFLRQHV\FDXVDVGH
ULHVJRSDUDODVDOXGLQGLYLGXDO\FROHFWLYD\VREUH
ORVVHUYLFLRVXQLGDGHVDVLVWHQFLDOHV\SUHVWDFLRQHV
$ODVSUHVWDFLRQHV\VHUYLFLRVGHVDOXGDFRUGH
FRQORVUHFXUVRVGLVSRQLEOHVGHO6LVWHPD&DQDULR
GHOD6DOXG
$ODLJXDOGDGHQHODFFHVR\XVRGHORV6HUYLFLRV
6DQLWDULRV
$ODOLEUHHOHFFLyQGHPpGLFRJHQHUDOSHGLDWUD
KDVWDORVDxRVWRFRJLQHFyORJR\SVLTXLDWUD
GHHQWUHORVTXHSUHVWHQVXVVHUYLFLRVHQOD=RQD
%iVLFDGH6DOXGRHQHOPXQLFLSLRGHVXOXJDUGH
UHVLGHQFLD
$ OD HOHFFLyQ SUHYLD LQGLFDFLyQ IDFXOWDWLYD
HQWUHORVVHUYLFLRV\&HQWURVTXHIRUPDQSDUWHGHO
6HUYLFLR&DQDULRGHOD6DOXGRHQVXFDVRGHOD
5HG+RVSLWDODULDGH8WLOL]DFLyQ3~EOLFDGHDFXHUGR
FRQORVVLJXLHQWHVSULQFLSLRV
D2SWLPL]DFLyQGHORVUHFXUVRVS~EOLFRV
E'LVSRQLELOLGDGHQFDGDPRPHQWRGHORVPHGLRV
\UHFXUVRVGHO6LVWHPD&DQDULRGHOD6DOXG
F 2UGHQDFLyQ H¿FLHQWH \ H¿FD] GH ORV 5HFXUVRV
6DQLWDULRV
G*DUDQWtDGH&DOLGDG$VLVWHQFLDO
$ODDVLJQDFLyQHLGHQWL¿FDFLyQGHXQPpGLFR
\ VXSOHQWH HQ FDVR GH DXVHQFLD TXH DVXPLUi OD
UHVSRQVDELOLGDG RUGLQDULD GH OD UHODFLyQ FRQ HO
HTXLSRDVLVWHQFLDOGXUDQWHVXSURFHVRDVtFRPRGH
ODVLWXDFLyQGHLQJUHVR\JDUDQWL]DUiVXGHUHFKRD
ODLQIRUPDFLyQ
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
$VHUDGYHUWLGR\DXWRUL]DUSUHYLDPHQWH\
SRUHVFULWRORVSURFHGLPLHQWRVTXHVHUHDOLFHQ
FXDQGRYD\DQDVHUXWLOL]DGRVHQXQSUR\HFWR
GRFHQWH R GH LQYHVWLJDFLyQ TXH HQ QLQJ~Q
FDVR SRGUi FRPSRUWDU SHOLJUR DGLFLRQDO SDUD
VXVDOXG
$ OD OLEUH HOHFFLyQ HQWUH ODV RSFLRQHV
FOtQLFDV GLVSRQLEOHV GHVSXpV GH UHFLELU OD
LQIRUPDFLyQ DGHFXDGD VLHQGR SUHFLVR HO
FRQVHQWLPLHQWR SUHYLR GHO SDFLHQWH SDUD OD
UHDOL]DFLyQGHFXDOTXLHULQWHUYHQFLyQH[FHSWR
HQORVVXSXHVWRVOHJDOHVHVWDEOHFLGRV
$QHJDUVHDFXDOTXLHUWUDWDPLHQWRH[FHSWR
HQORVVXSXHVWRVOHJDOHVHVWDEOHFLGRVGHELHQGR
SDUDHOORVROLFLWDU\ILUPDUHO$OWD9ROXQWDULD
$ UHYRFDU SRU HVFULWR VX FRQVHQWLPLHQWR
SUHYLR
$ OD FRQVWDQFLD SRU HVFULWR R HQ VRSRUWH
WpFQLFRDGHFXDGRGHWRGRVXSURFHVR\DUHFLELU
VXLQIRUPHGH$OWDDOILQDOL]DUODHVWDQFLDHQ
XQDLQVWLWXFLyQKRVSLWDODULD
$GLVSRQHUGHLQIRUPDFLyQVREUHHOFRVWH
HFRQyPLFR GH ODV SUHVWDFLRQHV \ VHUYLFLRV
UHFLELGRV
$XQDVHJXQGDRSLQLyQIDFXOWDWLYDVHJ~Q
ODQRUPDWLYDYLJHQWH
$ SURJUDPDV \ DFWXDFLRQHV HVSHFLDOHV \
SUHIHUHQWHVQLxRVDQFLDQRVHQIHUPRVPHQWD
OHVHQIHUPHGDGHVFUyQLFDVHLQYDOLGDQWHV\ODV
TXHSHUWHQH]FDQDJUXSRVHVSHFtILFRVUHFRQRFL
GRVVDQLWDULDPHQWHFRPRGHULHVJR
'HUHFKRV HVSHFtILFRV GH ORV HQIHUPRV
PHQWDOHV
D &XDQGR HQ ORV LQJUHVRV YROXQWDULRV GHVDSD
UHFLHUD OD SOHQLWXG GH IDFXOWDGHV GXUDQWH HO
LQWHUQDPLHQWROD'LUHFFLyQGHOFHQWURGHEHUi
VROLFLWDUODFRUUHVSRQGLHQWHDXWRUL]DFLyQ-XGL
FLDO GHELHQGR UHH[DPLQDU SHULyGLFDPHQWH OD
QHFHVLGDGGHLQWHUQDPLHQWR
E/RVLQJUHVRVIRU]RVRVVyORSRGUiQUHDOL]DU
VHGHDFXHUGRFRQODQRUPDWLYDHQYLJRU
'HUHFKR D PDQLIHVWDU SRU HVFULWR VXV
LQVWUXFFLRQHV SUHYLDV VREUH ORV FXLGDGRV \
WUDWDPLHQWRGHVXVDOXGRHQFDVRGHIDOOHFL
PLHQWRHOGHVWLQRGHVXFXHUSR\yUJDQRV
'(%(5(6
'HEHU GH FXPSOLPLHQWR GH ODV SUHVFULS
FLRQHV \ yUGHQHV VDQLWDULDV FRQIRUPH D OR
HVWDEOHFLGROHJDOPHQWH
'HEHUGHWROHUDQFLDDVtFRPRGHFRODER
UDFLyQSDUDHOp[LWRGHODVPHGLGDVVDQLWDULDV
DGRSWDGDV SDUD OD SUHYHQFLyQ GH ULHVJRV
SURWHFFLyQ GH OD VDOXG R OD OXFKD FRQWUD ODV
DPHQD]DV D OD VDOXG S~EOLFD HVSHFLDOPHQWH
HQHVWDGRGHQHFHVLGDG
'HEHUGHUHVSRQVDELOLGDGFRQIRUPHDODV
QRUPDV GHO XVR FXLGDGR \ GLVIUXWH GH ODV
LQVWDODFLRQHV VHUYLFLRV \ SUHVWDFLRQHV GHO
6LVWHPD&DQDULRGHOD6DOXG
'HEHUGHUHVSHWRDODGLJQLGDGSHUVRQDO\
SURIHVLRQDOGHFXDQWRVSUHVWDQVXVVHUYLFLRV
HQHO6LVWHPD&DQDULRGHOD6DOXG
'HEHU GH REVHUYDQFLD GH ODV QRUPDV \
YHUDFLGDGHQHOXVRGHORVUHFXUVRV\SUHVWD
FLRQHVGHOVLVWHPD%DMDVODERUDOHVLQFDSD
FLGDG SDUD HO WUDEDMR DVLVWHQFLD WHUDSpXWLFD
\VRFLDO
'HEHU FRPR SDFLHQWH GH REVHUYDQFLD
GHO WUDWDPLHQWR SUHVFULWR R ILUPDU HQ FDVR
GH UHFKD]R D ODV DFWXDFLRQHV VDQLWDULDV HO
GRFXPHQWRGHDOWDYROXQWDULDGHQHJDUVHD
SURSXHVWDGHOPpGLFRUHVSRQVDEOHOD'LUHF
FLyQGHO&HQWURSRGUiGDUHODOWDIRU]RVD
'HEHUGHIDFLOLWDUORVGDWRVVREUHVXHVWDGR
ItVLFRRVXVDOXGGHPDQHUDOHDO\YHUGDGHUD
\GHFRODERUDUHQVXREWHQFLyQ
*RELHUQRGH&DQDULDV&RQVHMHUtDGH6DQLGDG
Consejería de Sanidad
Descargar