Rendición de Cuentas 2010

Anuncio
81,9(56,'$''(3$1$0É
5HQGLFLyQGH&XHQWDV
*HVWLyQGH
'U*XVWDYR*DUFtDGH3DUHGHV
5HFWRU
2FWXEUH
Autoridades Universitarias
Gustavo García de Paredes
Rector Magnífico
Justo Medrano
Vicerrector Académico
Betty Ann de Catsambanis
Vicerrectora de Investigación y Postgrado
Carlos Brandáriz
Vicerrector Administrativo
Eldis Barnes Molinar
Vicerrector de Asuntos Estudiantiles
María del Carmen T. de Benavides
Vicerrectora de Extensión
Miguel Angel Candanedo
Secretario General
Luis Augusto Posso
Director General de Centros Regionales Universitarios
y Extensiones Docentes
Dirección General de Planificación
y Evaluación Universitaria
Enrique Lau Cortés
Director General
Gina Román
Subdirectora de Planificación
Abril Chang de Méndez
Subdirectora de Evaluación
Departamento de Desarrollo Institucional
Idia Harris
Jefe de Desarrollo Institucional
Cristian Hayer
Planificador - Evaluador
Johana Solís Rodríguez
Diseño Gráfico
CONTENIDO
0HQVDMHGHO5HFWRU
3UHVHQWDFLyQ
,5(&725Ì$
6HFUHWDUtD*HQHUDO
/LEUHUtD8QLYHUVLWDULD
,PSUHQWD8QLYHUVLWDULD
'LUHFFLyQGH&HQWURV5HJLRQDOHV8QLYHUVLWDULRV\([WHQVLRQHV8QLYHUVLWDULDV
'LUHFFLyQGH$VHVRUtD-XUtGLFD
'LUHFFLyQ*HQHUDOGH3ODQLÀFDFLyQ\(YDOXDFLyQ8QLYHUVLWDULD
'LUHFFLyQGH,QIRUPDFLyQ\5HODFLRQHV3~EOLFDV
'LUHFFLyQGH&RRSHUDFLyQ,QWHUQDFLRQDO\$VLVWHQFLD7pFQLFD
'LUHFFLyQGH$XGLWRUtD,QWHUQD
'LUHFFLyQGH3URWHFFLyQ8QLYHUVLWDULD
'LUHFFLyQGH,QIRUPiWLFD
'LUHFFLyQGH3URWRFROR\&HUHPRQLDO8QLYHUVLWDULR
2ÀFLQDGH5HODFLyQFRQORV*UDGXDGRV
2ÀFLQD(MHFXWRUDGH3URJUDPDV
2UJDQLVPR(OHFWRUDO8QLYHUVLWDULR
&DPSXV+DUPRGLR$ULDV0DGULG
3HULyGLFR/D8QLYHUVLGDG
'LUHFFLyQ8QLYHUVLGDG(PSUHVD
&RPSOHMR9HWHULQDULRGH&RUR]DO
,,9,&(55(&725Ì$6
9LFHUUHFWRUtD$FDGpPLFD
'LUHFFLyQGH$GPLQLVWUDWLYD
'LUHFFLyQ&XUULFXODU\(YDOXDFLyQ
'LUHFFLyQGH2UJDQL]DFLyQ$FDGpPLFD
'LUHFFLyQGH&RQFXUVR)RUPDO
'LUHFFLyQGH%DQFRGH'DWRV
'LUHFFLyQGH6HUYLFLRV$FDGpPLFRV
'LUHFFLyQGH(YDOXDFLyQGHO'HVHPSHxR
8QLGDGGH&RRUGLQDFLyQ
8QLGDGHVDGVFULWDV
6LVWHPDGH%LEOLRWHFD
7HFQRORJtD(GXFDWLYD
9LFHUUHFWRUtDGH,QYHVWLJDFLyQ\3RVWJUDGR
9LFHUUHFWRUtD$GPLQLVWUDWLYD
'LUHFFLyQGH)LQDQ]DV
'LUHFFLyQGH5HFXUVRV+XPDQRV
'LUHFFLyQGH6HUYLFLRV$GPLQLVWUDWLYRV
'LUHFFLyQGH,QJHQLHUtD\$UTXLWHFWXUD
&HQWURGH2ULHQWDFLyQ,QIDQWLO
'LUHFFLyQGH&DIHWHUtDV
&OtQLFD8QLYHUVLWDULD
'LUHFFLyQGH6DOXG\*HVWLyQ$PELHQWDO
9LFHUUHFWRUtDGH$VXQWRV(VWXGLDQWLOHV
9LFHUUHFWRUtDGH([WHQVLyQ
,,,81,'$'(6$&$'e0,&$6
)DFXOWDGGH$GPLQLVWUDFLyQGH(PSUHVDV\&RQWDELOLGDG
)DFXOWDGGH$GPLQLVWUDFLyQ3~EOLFD
)DFXOWDGGH$UTXLWHFWXUD
)DFXOWDGGH%HOODV$UWHV
)DFXOWDGGH&LHQFLDV$JURSHFXDULDV
)DFXOWDGGH&LHQFLDVGHOD(GXFDFLyQ
)DFXOWDGGH&LHQFLDV1DWXUDOHV([DFWDV\7HFQRORJtD
)DFXOWDGGH&RPXQLFDFLyQ6RFLDO
)DFXOWDGGH'HUHFKR\&LHQFLDV3ROtWLFDV
)DFXOWDGGH(FRQRPtD
)DFXOWDGGH(QIHUPHUtD
)DFXOWDGGH)DUPDFLD
)DFXOWDGGH+XPDQLGDGHV
)DFXOWDGGH,QIRUPiWLFD(OHFWUyQLFD\&RPXQLFDFLyQ
)DFXOWDGGH0HGLFLQD
)DFXOWDGGH0HGLFLQD9HWHULQDULD
)DFXOWDGGH2GRQWRORJtD
)DFXOWDGGH3VLFRORJtD
,9&(175265(*,21$/(681,9(56,7$5,26
&HQWUR5HJLRQDO8QLYHUVLWDULRGH$]XHUR
&HQWUR5HJLRQDO8QLYHUVLWDULRGH%RFDVGHO7RUR
&HQWUR5HJLRQDO8QLYHUVLWDULRGH&RFOp
&HQWUR5HJLRQDO8QLYHUVLWDULRGH&ROyQ
&HQWUR5HJLRQDO8QLYHUVLWDULRGH/RV6DQWRV
&HQWUR5HJLRQDO8QLYHUVLWDULRGH3DQDPi2HVWH
&HQWUR5HJLRQDO8QLYHUVLWDULRGH6DQ0LJXHOLWR
&HQWUR5HJLRQDO8QLYHUVLWDULRGH9HUDJXDV
,9,(;7(16,21(681,9(56,7$5,$6
([WHQVLyQ8QLYHUVLWDULDGH$JXDGXOFH
([WHQVLyQ8QLYHUVLWDULDGH&KHSR
([WHQVLyQ8QLYHUVLWDULDGH'DULpQ
([WHQVLyQ8QLYHUVLWDULDGH6RQi
981,'$'(6'(,19(67,*$&,Ð1
,QVWLWXWRGH$OLPHQWDFLyQ\1XWULFLyQ
,QVWLWXWRGH&LHQFLDV$PELHQWDOHV\%LRGLYHUVLGDG
,QVWLWXWRGH&ULPLQRORJtD
,QVWLWXWRGH(VWXGLRVGHO&DQDO\(VWXGLRV,QWHUQDFLRQDOHV
,QVWLWXWRGH(VWXGLRV1DFLRQDOHV
,QVWLWXWRGH*HRFLHQFLDV
,QVWLWXWRGHOD0XMHU
,QVWLWXWR(VSHFLDOL]DGRGH$QiOLVLV
,QVWLWXWR&HQWURDPHULFDQRGH$GPLQLVWUDFLyQ\6XSHUYLVLyQGHOD(GXFDFLyQ
,QVWLWXWR3DQDPHULFDQRGH(GXFDFLyQ)tVLFD
,QVWLWXWR3URPHMRUDVGHOD*DQDGHUtD
9,81,9(56,'$'(6'(/75$%$-2</$7(5&(5$('$'
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH3DQDPi\&ROyQ
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH$]XHUR
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH%RFDVGHO7RUR
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH&RFOp
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH'DULpQ
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH9HUDJXDV
5(1',&,Ð1'(&8(17$6
Mensaje del Rector
/D8QLYHUVLGDGGH3DQDPiSUHVHQWDVXFXDUWR,QIRUPHGH5HQGLFLyQGH&XHQWDVDODFRPX
QLGDGXQLYHUVLWDULD\DODVRFLHGDGHQJHQHUDO(QHVWDRFDVLyQOD&DVDGH2FWDYLR0pQGH]
'LUHFFLyQ 8QLYHUVLWDULD GH OD 8QLYHUVLGDG 3ROLWpFQLFD GH &DWDOXxD HQ HO VHQWLGR GH TXH OD
´5HQGLFLyQGH&XHQWDVGHO5HFWRUGHOD8QLYHUVLGDGGH3DQDPiDOD6RFLHGDG3DQDPHxDµ
KDVLGRVHOHFFLRQDGDFRPROD3ULPHUDHQWUHGLHFLVHLVSURSXHVWDVGH%XHQDV3UiFWLFDVSUHVHQWDGDV
SRUODVXQLYHUVLGDGHVVRFLDVGH7(/(6&23,5HGGH2EVHUYDWRULRVGH%XHQDV3UiFWLFDVGH
'LUHFFLyQ(VWUDWpJLFD8QLYHUVLWDULDGH$PpULFD/DWLQD\(XURSDFRQVLGHUDGDFRPRH[FHOHQWH
\XQEXHQHMHPSORDVHJXLUSRUWRGDVODV8QLYHUVLGDGHV
'HLJXDOPDQHUDOD8QLYHUVLGDGGH3DQDPiKDVLGRGLVWLQJXLGDSRUOD&iPDUDGH&XHQWDVGH
OD5HS~EOLFD'RPLQLFDQDSRUODH[SHULHQFLDGHHVWD,QVWLWXFLyQGH(GXFDFLyQ6XSHULRUHQOD
5HQGLFLyQGH&XHQWDVDOD1DFLyQORTXHFRQVWLWX\HXQDEXHQDSUiFWLFDGHGLUHFFLyQHVWUDWp
JLFD
(VWHHVIXHU]RFRQMXQWRGHWRGRVORVDFWRUHV\SURGXFWRGHODSROtWLFDGHWUDQVSDUHQFLDHQOD
JHVWLyQXQLYHUVLWDULDQRVSHUPLWHSUHVHQWDUOHVXQLQIRUPHS~EOLFRGHORVUHVXOWDGRVDOFDQ]D
GRVGHFDGD8QLGDG$FDGpPLFD\$GPLQLVWUDWLYDGHOD8QLYHUVLGDGGH3DQDPiIXQGDPHQWDGD
HQODJHVWLyQSRUUHVXOWDGRV\HOXVRWUDQVSDUHQWHGHORVUHFXUVRVS~EOLFRVDVLJQDGRV
(QKRUDEXHQDFHOHEUDPRVHVWHUHVXOWDGRGHHYDOXDFLyQLQVWLWXFLRQDOUHDOL]DGDSRURUJDQLVPRV
LQWHUQDFLRQDOHVORTXHQRVPRWLYDDFRQWLQXDUQXHVWUDODERUDODOX]GHODWUDQVSDUHQFLD\FRQ
ORVSULQFLSLRV\YDORUHVTXHFDUDFWHUL]DQQXHVWUD,QVWLWXFLyQ
'U*XVWDYR*DUFtDGH3DUHGHV
5HFWRU
81,9(56,'$''(3$1$0É
Presentación
&RQRFHUORTXHODV,QVWLWXFLRQHVGHO(VWDGRKDFHQFRQORVUHFXUVRVDVLJQDGRVDHOODVHQHOSUHVX
SXHVWRQDFLRQDOHVXQGHUHFKRTXHWLHQHQORVFLXGDGDQRV\DTXHHVXQSULQFLSLRTXHEXVFDIRUWD
OHFHUODLQWHJULGDGHQODJHVWLyQS~EOLFDDWUDYpVGHODSDUWLFLSDFLyQFLXGDGDQDHQODÀVFDOL]DFLyQ
GHORVIRQGRVS~EOLFRV(VSRUHOORTXHOD8QLYHUVLGDGGH3DQDPiKDLQFRUSRUDGRFRPRXQDEXHQD
SUiFWLFDHQODJHVWLyQS~EOLFD/D5HQGLFLyQGH&XHQWDV
'HVGH KDFH FLQFR DxRV HQ VHVLyQ VROHPQH HO 6HxRU 5HFWRU 0DJQtÀFR 'U *XVWDYR *DUFtD GH
3DUHGHVRIUHFHXQLQIRUPHSRUPHQRUL]DGRGHORVUHVXOWDGRVREWHQLGRVGXUDQWHHODxRHQFXUVR\
H[SOLFDODIRUPDHQTXHOD8QLYHUVLGDGGH3DQDPiKDXWLOL]DGRORVIRQGRVS~EOLFRVSURFHGHQWHVGHO
SUHVXSXHVWRQDFLRQDO\GHODVDFWLYLGDGHVGHDXWRJHVWLyQ
(VWDSUiFWLFDIRUPDSDUWHGHXQDJHVWLyQGHSXHUWDVDELHUWDVTXHEXVFDSHUPLWLUDOFLXGDGDQRFRQRFHU
ORVREMHWLYRVHVWUDWpJLFRVSUR\HFWRV\SODQHVDVtFRPRODIRUPDHQTXHHOSUHVXSXHVWRQDFLRQDOVH
XWLOL]DSDUDFXPSOLUFRQQXHVWURSODQHVWUDWpJLFRTXHHVWiGHELGDPHQWHDOLQHDGRFRQHOSODQGHGHVD
UUROORQDFLRQDOHVSHFLDOPHQWHHQORTXHVHUHÀHUHDOFXPSOLPLHQWRGHORVREMHWLYRVGHOPLOHQLRVXVFULWR
SRUQXHVWURSDtVSDUWLFXODUPHQWHHQODOXFKDFRQWUDODSREUH]D
6RPRVFRQVFLHQWHVTXHVRODPHQWHLQFRUSRUDQGRODLQWHJULGDG\ODWUDQVSDUHQFLDFRPRYDORUHV\
DQFOiQGRORVHQODFXOWXUDLQVWLWXFLRQDOSRGUHPRVYHQFHUDOÁDJHORGHODFRUUXSFLyQPHGLDQWHUHJODV
FODUDVHQODVFRQWUDWDFLRQHVSURFHGLPLHQWRVHÀFLHQWHV\HÀFDFHVHOLPLQDQGRODGLVFUHFLRQDOLGDG
GHORVIXQFLRQDULRV\PDQGDQGRXQPHQVDMHFODURTXHODFRUUXSFLyQQRVHWROHUD
(O5HQGLU&XHQWDVDOD6RFLHGDG3DQDPHxDSRUOD8QLYHUVLGDGGH3DQDPiKDVLGRHVFRJLGD
FRPRXQDH[FHOHQWHEXHQDSUiFWLFDHQGLUHFFLyQHVWUDWpJLFDSRUODUHG7HOHVFRSLTXHDJUXSDDODV
PHMRUHVXQLYHUVLGDGHVGH(XURSD\$PHULFD\HVWDVLHQGRLQFRUSRUDGDHQRWURVSDtVHVFRPRXQ
SRWHQWHPHFDQLVPRTXHFRQWULEX\HDPHMRUDUODHÀFLHQFLDHÀFDFLDLPSDFWR\WUDQVSDUHQFLDHQOD
GLUHFFLyQGHODV8QLYHUVLGDGHV
(VWHDFWRFXPSOHFRQQXHVWURPDQGDWROHJDODORIUHFHUDODQDFLyQHO9LQIRUPHGH5HQGLFLyQGH
&XHQWDVGHOD8QLYHUVLGDGGH3DQDPiGXUDQWHHOSUHVHQWHDxR(QHVWHVHQWLGRHVWDEXHQDSUiF
WLFDKDFRDG\XYDGRDTXHODVGLIHUHQWHVXQLGDGHVWDQWRDFDGpPLFDVFRPRDGPLQLVWUDWLYDV\GHLQ
YHVWLJDFLyQVHHVIXHUFHQHQSUDFWLFDUODJHVWLyQSRUUHVXOWDGRV\HOXVRWUDQVSDUHQWHGHORVUHFXUVRV
S~EOLFRVTXHOHVRQDVLJQDGRVFRQORTXHKHPRVPHMRUDGRODFDOLGDGGHODJHVWLyQXQLYHUVLWDULD
(VLPSRUWDQWHGHVWDFDUTXHHOWDOHQWRKXPDQRGHODLQVWLWXFLyQYHHQHVWHDFWRHOHVIXHU]RGHVXWUDEDMRGLDULR
\VHYHUHIRU]DGRHOOLGHUD]JRTXHQXHVWUDVDXWRULGDGHVVHDWULEX\HQHQPDWHULDOL]DUQXHVWUDPLVLyQ\YLVLyQ
'U(QULTXH/DX&RUWpV
'LUHFWRU*HQHUDO
,5(&725Ì$
(O'U*XVWDYR*DUFtDGH3DUHGHVKDFHHQWUHJDGHO´3UHPLR8QLYHUVLGDGµDOSURIHVRU-RUJH$URVHPHQD5RPiQ
81,9(56,'$''(3$1$0É
,5(&725Ì$
6HFUHWDUtD*HQHUDO
3UR\HFWR0HWD5HVXOWDGR
3URFHVRV DFDGpPLFRDGPL
QLVWUDWLYRV GHO FXUVR GH YH
UDQR
&RQWUDWDFLyQ GH IDFLOLWDGR
UHV SDUD DWHQGHU ORV FXUVRV
RIHUWDGRVSRUODV)DFXOWDGHV
&HQWURV 5HJLRQDOHV 8QLYHU
VLWDULRV \ ([WHQVLRQHV 'R
FHQWHV
‡
‡
‡
‡
4XLQLHQWRVGRFHQ
WHVFRQWUDWDGRV
6HWHFLHQWRV FXU
VRVRIHUWDGRV
7UHLQWD FRRUGLQDGRUHV
WUDPLWDGRV
8QD FRRUGLQDGRUD
JHQHUDO WUDPLWDGD $G
+RQRUHP
$XGLWRUtD SHULyGLFD GH ORV
SODQHV \ SURJUDPDV GH HV
WXGLRV DSUREDGRV DFWXDOL]D
FLyQ
9DOLGDFLyQGHORVSODQHV\SUR
JUDPDV GH HVWXGLRV GH SUH
JUDGRJUDGRPDHVWUtDV\SRVW
JUDGRVHLQVWLWXWRVDSUREDGRV
SRUORVyUJDQRVGHJRELHUQR
$XGLWRUtD FDSWXUD \ FRGLÀFD
FLyQ GH ORV SODQHV \ SURJUD
PDVGHHVWXGLRVHQHOVLVWHPD
DSUREDGRVSRUORVyUJDQRVGH
JRELHUQR
)RQGRGHDXWRJHVWLyQ
$GTXLVLFLyQGHHTXLSRVPR
ELOLDULR ELHQHV \ VHUYLFLRV
SDUDHOEXHQIXQFLRQDPLHQWR
GHOD6HFUHWDUtD*HQHUDO
6HORJUyVDWLVIDFHUODVQHFH
VLGDGHV HQ OD XQLGDG DGPL
QLVWUDWLYDGH
‡
,QVXPRVSDUDHOWLUDMHGHO
(VWDWXWR8QLYHUVLWDULR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
‡
‡
‡
‡
‡
‡
,QVXPRV SDUD OD HODERUD
FLyQGHSRUWDGLSORPDV
$GTXLVLFLyQ GH ,PSUHVR
UDPDWULFLDO
$GTXLVLFLyQGHSDSHOHUtD
HVSHFLDOSDUDHOWLUDMHGH
GHJUDGXDGRV
$GTXLVLFLyQGHSDSHOHUtD
HVSHFLDOSDUDHOWLUDMHGH
WDFLyQGHVHUYLFLRDFDGp
PLFR
$GTXLVLFLyQGHSDSHOHV
SHFLDO SDUD HO WLUDMH GH
UHFLERVGHPDWUtFXODVHQ
SDSHOGHVHJXULGDG
$GTXLVLFLyQ GH HTXLSR \
FDV
&DSDFLWDFLyQ\DGLHVWUDPLHQWR
)RUWDOHFLPLHQWR GH OD *HVWLyQ
$GPLQLVWUDWLYD
)RUPDU\FDSDFLWDUDOUHFXUVR
KXPDQR GH OD 6HFUHWDUtD *H
QHUDOHQFXDQWRDODVQRUPDV
\SURFHGLPLHQWRVDFDGpPLFRV
HVWDEOHFLGRV HQ HO (VWDWXWR
8QLYHUVLWDULR 5pJLPHQ $FD
GpPLFR 3URFHGLPLHQWRV $G
PLQLVWUDWLYRV
&DSDFLWDU HQ HO XVR GH QXH
JUDU TXH VHDPRV PiV FRP
SHWLWLYRV
'LVHxR GH XQ SODQ SHUPD
QHQWHGHFDSDFLWDFLyQSDUDHO
UHFXUVRKXPDQRGHOD6HFUH
WDUtD *HQHUDO GH ODV )DFXO
WDGHV &HQWURV 5HJLRQDOHV
8QLYHUVLWDULRV ([WHQVLRQHV
'RFHQWHV\$QH[RV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
(TXLSDPLHQWR LQIRUPiWLFR \
DXWRPDWL]DFLyQ GH SURFHVRV
DFDGpPLFRV\DGPLQLVWUDWLYRV
&RPSUDU HTXLSRV HVSHFLDOL
]DGRV GH JUDEDFLyQ SDUD ODV
VHVLRQHV GH ORV GLIHUHQWHV
&RQVHMRVGH)DFXOWDGHV&HQ
WURV5HJLRQDOHV8QLYHUVLWDULRV
&RQVHMRGH,QYHVWLJDFLyQ$FD
GpPLFR$GPLQLVWUDWLYR \ &RQ
VHMR*HQHUDO8QLYHUVLWDULR
5HDOL]DU GLDJQyVWLFRV SHULyGL
FRV SDUD GHWHFWDU ODV QHFHVL
GDGHV HQ HO iUHD WHFQROyJLFD
SDUDODDGTXLVLFLyQGHHTXLSR
HLQVWDODFLyQGHUHGHV
(VSDFLRItVLFRHLQIUDHVWUXFWXUD
&RQWDUFRQLQVWDODFLRQHVDP
SOLDV\HTXLSDPLHQWRDGHFXD
GR TXH QRV SHUPLWD EULQGDU
XQ VHUYLFLR HÀFLHQWH D QXHV
WURV XVXDULRV LQWHUQRV \ H[
WHUQRV
‡
‡
‡
&RPSUD GH HTXLSR GH
JUDEDFLyQ HVSHFLDOL]D
GRSDUDODJUDEDFLyQGH
ODVVHVLRQHVGHORVyUJD
QRVGHJRELHUQR
$XWRPDWL]DFLyQ GH ORV
FUpGLWRV GH HJUHVDGRV
WLUDMH GH UHFLERV GH PD
WUtFXODV HQ SDSHO GH
VHJXULGDG \ ORV FHUWLÀ
FDGRV GH SUHVWDFLyQ GH
VHUYLFLRDFDGpPLFR
(Q SURFHVR GH HYDOXD
FLyQSDUDODDGTXLVLFLyQ
GH HTXLSR H LQVWDODFLyQ
GHUHGHV
6H HQFXHQWUD HQ SURFHVR OD
UHSDUDFLyQ \ HTXLSDPLHQWR
GHO HGLÀFLR GRQGH HVWXYR OD
8QLYHUVLGDG 7HFQROyJLFD GH
3DQDPiSDUDTXHOD6HFUH
WDUtD*HQHUDOFXHQWHFRQLQV
WDODFLRQHV DGHFXDGDV SDUD
VXIXQFLRQDPLHQWR
(-(&8&,Ð135(6838(67$5,$
3HUtRGRGHDJRVWR
DGLFLHPEUH
)XQFLRQDPLHQWR
$XWRUL]DGR$QXDO
%
(MHFXWDGR
%
$XWRJHVWLyQ
$XWRUL]DGR$QXDO
%
(MHFXWDGR
%
)XQFLRQDPLHQWR
$XWRUL]DGR$QXDO
%
(MHFXWDGR
%
$XWRJHVWLyQ
$XWRUL]DGR$QXDO
%
(MHFXWDGR
%
3HUtRGRGHHQHURD
MXOLR
5(1',&,Ð1'(&8(17$6
'HVSDFKR6XSHULRU
6HFFLyQGH5HJLVWURV
$FDGpPLFRV
6HFFLyQGH5HJLVWURV
'RFHQWHV
'RFXPHQWDFLyQ\WUiPLWHV
UHDOL]DGRVSRUHO'HVSDFKR
6XSHULRU
7UiPLWHVUHDOL]DGRVSRUOD
6HFFLyQGH5HJLVWURV$FDGp
PLFRV
7UiPLWHVUHDOL]DGRVSRUOD6HF
FLyQGH5HJLVWURV'RFHQWHV
1RWLÀFDFLRQHVGHFRQFXU
VRVDFiWHGUDVGHGRFHQWHV\
UHVROXFLRQHV D HVWXGLDQWHV \
DGPLQLVWUDWLYRV GHO &DPSXV
&HQWURV 5HJLRQDOHV 8QLYHUVL
WDULRV ([WHQVLRQHV 'RFHQWHV
\$QH[RV
FLWDV GH UHYLVLRQHV GH
FUpGLWRV RUGLQDULDV \ H[WUDRU
GLQDULDV
&HUWLÀFDGRV GH 3UHV
JUDGXDFLRQHVDWHQGLGDV
GLSORPDV FRQIHFFLRQD
GRV
&HUWLÀFDFLRQHVGH9HUDQR
5HVROXFLRQHV GH YDFDFLR
QHVGRFHQWHVWUDPLWDGDV
FHUWLÀFDGRV
PDWUtFXODVWDUGtDV
FLyQ
3URFHVRVDFDGpPLFRV\DGPL
QLVWUDWLYRVGHOSULPHU\VHJXQ
GRVHPHVWUHDFDGpPLFRV
FHUWLÀFDFLRQHV GH HVWX
GLDQWHVHJUHVDGRV
&HUWLÀFDGRV GH ([RQHUD
UHVROXFLRQHV GH UHWLUR H
LQFOXVLyQ
6ROLFLWXGHVGH+RPRORJDFLyQ
WDFLyQ GH 6HUYLFLRV$FDGpPL
FRV
(YDOXDFLRQHVUHVXHOWDV
(YDOXDFLRQHVWUDPLWDGDV
&HUWLÀFDGRV GH +RPRORJD
3URFHVRVDFDGpPLFRV\DGPL
QLVWUDWLYRVGHO&XUVRGH9HUD
QR
&HUWLÀFDGRVGH(TXLYDOHQFLD
&HUWLÀFDGRVGH5HYiOLGDV
FLyQGH5HYiOLGDV
6ROLFLWXGHV GH (TXLYDOHQ
FLDV
6ROLFLWXGHVGH5HYiOLGDV
6ROLFLWXGHV GH ([RQHUD
FRUUHVSRQGHQFLDV WUD
PLWDGDVGH)DFXOWDGHV&HQ
WURV 5HJLRQDOHV ([WHQVLRQHV
'RFHQWHV $QH[RV ,QVWLWXWRV
XQLGDGHVDFDGpPLFDV\DGPL
QLVWUDWLYDV
FLyQGH5HYiOLGDV
6ROLFLWXGHVGH&RQYDOLGD
FLyQ
6ROLFLWXGHVGH,QJUHVR
&HUWLÀFDFLRQHV GH 0DWUt
FXODVFRQGLFLRQDOHV
DXWHQWLFDFLRQHVGHGR
FXPHQWRVDWHQGLGRV
6ROLFLWXGHVGH,QJUHVRGH
(VWXGLDQWHV([WUDQMHURV
QRWDV ÀUPDGDV \ WUD
PLWDGDV
0yGXORGHDVLVWHQFLD
7RWDO GH GRFXPHQWDFLyQ \
WUiPLWHVUHDOL]DGRV
7RWDO GH GRFXPHQWDFLyQ \
WUiPLWHVUHDOL]DGRV
7RWDO GH GRFXPHQWDFLyQ \
WUiPLWHVUHDOL]DGRV
81,9(56,'$''(3$1$0É
6HFFLyQGH
3DUODPHQWDULDV
6HFFLyQGH
$UFKLYRV
6HFFLyQGH0LFURÀOPH
5HXQLRQHV UHDOL]DGDV SRU
ORV GLIHUHQWHV ÐUJDQRV GH
*RELHUQRV \ FRPLVLRQHV
DWHQGLGDV
'RFXPHQWDFLyQWUDPLWDGDSRU
OD6HFFLyQGH$UFKLYRV
'RFXPHQWDFLyQWUDPLWDGDSRU
OD6HFFLyQGH0LFURÀOPH
6HVLRQHVGHO&RQVHMR$FD
&ODVLÀFDFLyQ RUGHQDPLHQWR
\ DUFKLYR GH GRFXPHQWDFLyQ
GH HVWXGLDQWHV \ GRFHQWHV
WUDPLWDGDVSRUODV)DFXOWDGHV
&HQWURV 5HJLRQDOHV 8QLYHUVL
WDULRV([WHQVLRQHV'RFHQWHV
$QH[RV 9LFHUUHFWRUtDV H ,QV
WLWXWRV FRQYDOLGDFLRQHV SUy
UURJDV GH WUDEDMR GH JUDGXD
FLyQUHWLURHLQFOXVLyQFDPELR
GH GDWRV LQIRUPHV GH WHVLV
UHFLERV GH PDWUtFXODV GH YH
UDQR \ SULPHU VHPHVWUH
UHVROXFLRQHV FHUWLÀFD
FLRQHV IRUPXODULRV GH UHFOD
PRV GH QRWDV HYDOXDFLRQHV
GHWtWXORVRUJDQL]DFLRQHVGR
FHQWHVDFWDVGHWRPDGHSR
VHVLyQFHUWLÀFDGRVGHGRFHQ
FLDIRUPXODULRVGHFRQFXUVRV
GRFXPHQWRV\H[SHGLHQWHVGH
%DQFRGH'DWRVH[SHGLHQWHV
GH UHYiOLGDV GH WtWXORV H[SH
GLHQWHV GH HTXLYDOHQFLDV GH
HVSHFLDOLGDG \ VXEHVSHFLDOL
GDGGRFXPHQWRVGHLQJUHVRV
'RFXPHQWDFLyQWUDPLWDGDSRU
'RFXPHQWRVWUDPLWDGRV
7RWDO
7RWDOGHGRFXPHQWDFLyQWUD
PLWDGD
GpPLFR
6HVLRQHVGHO&RQVHMR$G
PLQLVWUDWLYR
6HVLRQHVGHO&RQVHMR*H
QHUDO8QLYHUVLWDULR
6HVLRQHV GHO &RQVHMR GH
&HQWURV5HJLRQDOHV
6HVLRQHV GHO &RQVHMR GH
)DFXOWDGHV GH 7HFQRORJtD
&LHQFLDV1DWXUDOHV([DFWDV\
&LHQFLDV$GPLQLVWUDWLYDV
6HVLRQHVGHO&RQVHMRGH&LHQ
FLDV6RFLDOHV\+XPDQtVWLFD
6HVLRQHVGHO&RQVHMRGH,Q
YHVWLJDFLyQ
6HVLRQHV GHO &RQVHMR GH
&LHQFLDVGHOD6DOXG
6HVLRQHV GHO &RQVHMR GH
'LVFLSOLQD
6HVLRQHV GH OD &RPLVLyQ
GH$VXQWRV$FDGpPLFRV
7RWDO GH VHVLRQHV \ UHXQLR
QHV GH FRPLVLRQHV DWHQGL
GDV
OD6HFFLyQGH0LFURÀOPH
([SHGLHQWHV SUHSDUDGRV GH
JUDGXDGRV H[SHGLHQWHV PL
FURÀOPDGRVUROORVPLFURÀOPD
GRV UROORV UHYHODGRV UROORV
FRQIURQWDGRV ÀFKDV FRQVXO
WDGDVFRQÀGHQFLDOHVPLFURÀO
PDGDV MDFNHWV FRQIURQWDGRV
MDFNHWVLQVHUWDGRVOLPSLH]D\
PDQWHQLPLHQWRGHÀFKDV
5(1',&,Ð1'(&8(17$6
6HFFLyQ GH$UFKLYRV
HVWXGLDQWHVGHWRGDVODVXQLGDGHVDFDGpPLFDV
6HFFLyQGH5HJLVWURV$FDGpPLFRV
8QLGDGHVDGVFULWDV
/LEUHUtD8QLYHUVLWDULD
3UR\HFWR0HWD5HVXOWDGR
HOVLVWHPDGHDGTXLVLFLRQHV
0DQWHQHU OD UHQRYDFLyQ
FRQVWDQWHGHOLEURVGHGLYHU
VDVHVSHFLDOLGDGHV
6XPLQLVWUR GH PDWHULDO D ORV
XVXDULRV\FOLHQWHVGHPDQH
UDH[SHGLWD
'HVDUUROODU XQ SURJUDPD GH
FRQVLJQDFLyQ \ FRPSUD GL
FR
0D\RUGLYHUVLGDGGHPDWHULDO
$GTXLULU XQD XQLGDG YHKLFX
ODU
0HMRUDPLHQWRGHODGLVWULEXFLyQ
\WUDVODGRGHOPDWHULDO
$GTXLULU PRGHUQRV DQDTXH
OHV\HTXLSRGHFyPSXWR
0RGHUQL]DU OD SUHVHQWDFLyQ
GH ODV REUDV RIHUWDGDV \
PDQWHQHU XQ VLVWHPD LQIRU
PiWLFR SDUD RIUHFHU XQD DF
WXDOL]DFLyQGHODVH[LVWHQFLDV
HQ GHSyVLWR LQYHQWDULR \
SUHVHQWDUYHQWDMDVHQHOPD
.
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&RQWDUFRQQXHYRVHVSDFLRV
HQGLYHUVRVFDPSXVIDFXOWD
GHV\FHQWURVUHJLRQDOHV
6DWLVIDFHU ODV H[SHFWDWLYDV
GH QXHYRV HVSDFLRV ItVLFRV
\FRPSODFHUODVQHFHVLGDGHV
GH DOPDFHQDPLHQWR \ VHUYLU
FRPR FHQWUR GH FRQYLYHQFLD
DFDGpPLFD
6HDEULyXQSXQWRGHYHQWDV
HQOD)DFXOWDGGH$GPLQLVWUD
FLyQGH(PSUHVDV\&RQWDEL
OLGDG
,PSUHQWD8QLYHUVLWDULD
3UR\HFWR0HWD5HVXOWDGR
(VWDEOHFHU OD ,PSUHQWD 8QL
YHUVLWDULD FRPR HO SULQFLSDO
FHQWURGHLPSUHVLyQGHWRGDV
ODV XQLGDGHV GH OD 8QLYHUVL
GDGGH3DQDPi
,QQRYDUODFDOLGDGHQORVVHU
YLFLRVGHLPSUHVLyQEDQQHUV
EDUQL]DGR HWF DSR\DQGR HO
FUHFLPLHQWR LQVWLWXFLRQDO GH
OD8QLYHUVLGDGGH3DQDPi
$GTXLVLFLRQHV GH QXHYRV
HTXLSRV \ DGHFXDFLyQ GHO
HVSDFLR ItVLFR RULHQWDGDV DO
PHMRUDPLHQWR GH OD SURGXF
WLYLGDG HQ VHFFLRQHV FRPR
GLJLWDO\WDOOHU
$XPHQWDU ORV LQJUHVRV HQ HO
DxR HQ XQ FRQ
UHVSHFWRDODxRDQWHULRU
/RV LQJUHVRV DO PHV GH
DJRVWRDUURMDURQFLIUDV
GHQRWiQGRVHXQ
LQFUHPHQWRGHPiVGHO
FRQUHODFLyQDOTXHUH
ÁHMR
$GTXLVLFLyQGHQXHYRVHTXLSRVGLJLWDOHV
5(1',&,Ð1'(&8(17$6
'LUHFFLyQGH&HQWURV5HJLRQDOHV\([WHQVLRQHV8QLYHUVLWDULDV
3UR\HFWR0HWD5HVXOWDGR
6HJXLPLHQWR D ODV VROLFLWX
GHV GH DSHUWXUD UHDSHUWXUD
FUHDFLyQ\FLHUUHGHFDUUHUDV
HQORV&HQWURV5HJLRQDOHV\
([WHQVLRQHV8QLYHUVLWDULDV
5HYLVLyQDQXDOHQORV&HQ
WURV 5HJLRQDOHV \ ODV ([
WHQVLRQHV 8QLYHUVLWDULDV GH
ODVQHFHVLGDGHVGHDSHUWXUD
UHDSHUWXUD FUHDFLyQ \ FLHUUH
GH FDUUHUDV HQ IXQFLyQ GH
ORVGLDJQyVWLFRVUHVSHFWLYRV
&UHDFLyQGHOD([WHQVLyQGH
ODGH'LFLHPEUH
6H HVSHUD OD DÁXHQFLD GH
HVWXGLDQWHV HQ OD HWDSD
LQLFLDOFRQXQDRIHUWDDFDGp
PLFDGHFLQFRFDUUHUDV
(QFXHQWURV 8QLYHUVLGDG&R
PXQLGDG
5HDOL]DFLyQ GH WUHV HQ
FXHQWURV ORV FXDOHV JHQHUHQ
HO GHVDUUROOR GH GRV SUR
\HFWRVSRUFDGDXQR
$SHUWXUDGHFDUUHUDV
&UHDFLyQGHQXHYDVFDUUH
UDV SDUD ORV &HQWURV 5HJLR
QDOHV([WHQVLRQHV\3URJUD
PDV $QH[RV 8QLYHUVLWDULRV
7pFQLFR HQ &XOWLYRV$JURH[
SRUWDEOHV/RV6DQWRV7pF
QLFRHQ(FRQRPtD$PELHQWDO
&RFOp 7pFQLFR HQ $GPyQ
$JURLQGXVWULDO &KHSR 7pF
QLFR HQ (QIHUPHUtD &KHSR
7pFQLFR HQ 7XULVPR 5XUDO
&RFOp7pFQLFRHQ'HVDUUR
OOR7XUtVWLFR6RVWHQLEOH.XQD
<DOD /LF HQ ,QIRUPiWLFD
SDUD OD *HVWLyQ (PSUHVDULDO
&KHSR /LF HQ $GPyQ GH
(PSUHVDV 7XUtVWLFDV /RV
6DQWRV7pFQLFRHQ3URWRFR
OR\5HODFLRQHV,QWHUQDFLRQD
OHV
6H DYDQ]y HQ ORV HVWXGLRV
SUHOLPLQDUHV SDUD OD FUHD
FLyQ GH OD ([WHQVLyQ GH OD
GH'LFLHPEUH\VHGH
WHUPLQy RIHUWDU FDUUHUDV
/LFHQ'HVDUUROOR&RPXQLWD
ULR7pFQLFRHQ(GLÀFDFLRQHV
\ HO 7pFQLFR HQ ,QJOpV FRQ
HVSHFLDOL]DFLyQ HQ &HQWUR
GH/ODPDGDVKDVWDFXPSOLU
FRQ ORV UHTXLVLWRV HVSHFtÀ
FRVSDUDWDOItQ
6H UHDOL]y HO (QFXHQWUR
8QLYHUVLGDG &RPXQLGDG HQ HO
'LVWULWR GH$UUDLMiQ \ VH SRV
SXVRSDUDHOSULPHUVHPHVWUH
GHOODUHDOL]DFLyQGHORV
RWURVHQFXHQWURVSURJUDPDGRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD$QH[R 8QLYHUVLWD
ULR.XQD<DOD
$FHUFDU OD XQLYHUVLGDG D ODV
FRPXQLGDGHV GLVWDQWHV SDUD
GDU RSRUWXQLGDG GH HVWXGLDU
DVXSREODFLyQ
6H FUHy HO 3URJUDPD $QH[R
.XQD <DOD FRQ VHGHV HQ ODV
FRPXQLGDGHVGH8VWXSX1DU
JDQi\&DUWtLQLFLDQGRFRQXQD
PDWUtFXODGHHVWXGLDQWHV\
FRQXQDRIHUWDDFDGpPLFDFRQ
VLVWHQWH HQ GRV FDUUHUDV
/LFHQFLDWXUDHQ&LHQFLDVGHOD
(GXFDFLyQ\HO7pFQLFRHQ'H
VDUUROOR7XUtVWLFR6RVWHQLEOH
(GLFLyQ GH UHYLVWDV \ EROHWL
QHVLQIRUPDWLYRV
(GLFLyQ GH XQD UHYLVWD VH
PHVWUDO FRQ XQ WLUDMH GH XQLGDGHV 8Q EROHWtQ LQIRU
PDWLYRELPHVWUDOFRQXQWLUDMH
GHXQLGDGHV
6HHGLWyHO%ROHWtQ,QIRUPD
WLYR&(17526FRQFREHU
WXUDWULPHVWUDO
(QFXHQWUR8QLYHUVLGDG&R
PXQLGDG
5HDOL]DFLyQ GH WUHV HQ
FXHQWURV ORV FXDOHV JHQHUHQ
HO GHVDUUROOR GH GRV SUR
\HFWRVSRUFDGDXQR
6HGHVDUUROODURQFLQFR
(QFXHQWURV 8QLYHUVLGDG ²
&RPXQLGDG FRPSOHWDQGR OR
SODQLÀFDGR HQ HO 7DOHV
HQFXHQWURVIXHURQ-XDQ'tD]
$JXDGXOFH2Oi2F~\&KLOLEUH
&UHDFLyQGHO&HQWURGH*HV
WLyQ 7HFQROyJLFD ,QYHVWLJD
FLRQHV \ (VWXGLRV 5HJLRQD
OHV
$GDSWDFLyQ GH HVSDFLRV ItVL
FRVFRQLQVXPRVQHFHVDULRV
SDUD SRQHU D IXQFLRQDU HO
FHQWUR
(ODERUDFLyQ GLDJQyVWLFD FRQ
FHSWXDOL]DFLyQ \ HVWUXFWXUD
RUJDQL]DFLRQDOGHO&HQWURGH
*HVWLyQ7HFQROyJLFD,QYHVWLJD
FLRQHV\(VWXGLRV5HJLRQDOHV
3URJUDPD GH 9LGD 6DOXGD
EOH
%ULQGDU RULHQWDFLyQ VREUH
HVWLORV GH YLGD VDOXGDEOH D
SURIHVRUHVDGPLQLVWUDWLYRV\
HVWXGLDQWHV
'LVFXVLyQDQiOLVLV\DSURED
FLyQGHOGRFXPHQWRFRQVWL
WXWLYRHQHO&RQVHMRGH&HQ
WURV5HJLRQDOHV
2UJDQL]DFLyQ GH VHPLQDULR
GHFDSDFLWDFLyQSDUDWXWRUHV
GHODV([WHQVLRQHV8QLYHUVL
WDULDV \ 3URJUDPDV $QH[RV
HQ(QWRUQRV9LUWXDOHVHQFR
RUGLQDFLyQ FRQ OD 'LUHFFLyQ
GHO &DPSR 9LUWXDO GH OD 'L
UHFFLyQGH3ODQLÀFDFLyQ
&DSDFLWDFLyQGHWXWRUHV
GHODV([WHQVLRQHV8QLYHUVL
WDULDV \ 3URJUDPDV $QH[RV
HQ HQWRUQRV YLUWXDOHV GH
HGXFDFLyQDGLVWDQFLD
&DSDFLWDFLyQGHWXWRUHV
GHODV([WHQVLRQHV8QLYHUVL
WDULDV \ 3URJUDPDV $QH[RV
HQ HQWRUQRV YLUWXDOHV GH
HGXFDFLyQDGLVWDQFLD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
2UJDQL]DFLyQGHO6HPLQDULR
7DOOHUSDUDODHODERUDFLyQGH
*XtDV GH $XWR LQVWUXFFLyQ
FRQ OD &RRUGLQDFLyQ GH OD
)DFXOWDGGH(GXFDFLyQ\OD
SDUWLFLSDFLyQ GH SURIHVRUHV
GHORV3URJUDPDV$QH[RV
3UHSDUDU GRFHQWHV GH
ORV 3URJUDPDV $QH[RV HQ
OD HODERUDFLyQ GH *XtDV GH
$XWRLQVWUXFFLyQ
&DSDFLWDFLyQ GH GRFHQ
WHV HQ OD SUHSDUDFLyQ GH VXV
*XtDVGH$XWRLQVWUXFFLyQ
$GPLQLVWUDFLyQGHO3URJUDPD
$QH[R GH .XQD <DOD DWHQ
GLHQGR DO SURFHVR GH DG
PLVLyQ PDWUtFXOD \ GHVDUUR
OOR GHO SURFHVR HQVHxDQ]D
DSUHQGL]DMH
'DU LQLFLR DO 3URJUDPD
$QH[RGH.XQD<DOD
,PSOHPHQWDFLyQ H[LWRVD GHO
3URJUDPD $QH[R GH .XQD
<DOD
'LUHFFLyQGH$VHVRUtD-XUtGLFD
3UR\HFWR0HWD5HVXOWDGR
5HQRYDFLyQMXUtGLFDGLJLWDO
,QVWDODFLyQGHORVSURJUDPDV
HQFLFORSpGLFRV YLUWXDOHV JD
FHWDVFyGLJRV\RWURV
FRQVXOWDV DVHVRUtDV
YHUEDOHV \ WHOHIyQLFDV D OD
FRPXQLGDG XQLYHUVLWDULD FRQWUDWRV DGPLQLVWUDWLYRV YD
ULRV FRUUHVSRQGHQFLDV
GH FRQVXOWDV \ RÀFLRV FRQYHQLRV DFXHUGRV DGGHQ
GDVFDUWDVGHHQWHQGLPLHQWR
UHVROXFLRQHVHODERUDGDVD
ORV yUJDQRV GH JRELHUQR UHVROXFLRQHV GH VXVSHQVLyQ
UHVROXFLRQHV GH GHVWLWX
FLyQ \ UHVROXFLRQHV GH
UHFRQVLGHUDFLRQHVYDULDV
H[RQHUDFLRQHV GH UHYiOLGDV
H[SHGLHQWHV DQWHV DX
WRULGDGHVDGPLQLVWUDWLYDV\R
MXULVGLFFLRQDOHV H[SHGLHQ
WHVGHFREURVHQWUiPLWHSRU
HO-X]JDGR(MHFXWRU
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
(VSHFLDOL]DFLyQ-XUtGLFD
'RWDUDORVDERJDGRVGHDF
WXDOL]DFLRQHV MXUtGLFDV QHFH
VDULDVSDUDUHVROYHUVXVFRQ
VXOWDV
6H KD GRWDGR HO GH ODV
KHUUDPLHQWDV PHGLDQWH OD
LQVWDODFLyQGHSURJUDPDVMX
UtGLFRVDFRPSXWDGRUDVGH
ORVDERJDGRV
,QFHQWLYDFLyQSRUUHQGLPLHQWR
,QFHQWLYDU DO SHUVRQDO DGPL
QLVWUDWLYR SRU HO HVIXHU]R \
UHVXOWDGRVGHySWLPDFDOLGDG
GH LQFHQWLYRV DSURED
GRV DO SHUVRQDO DGPLQLVWUDWL
YRGHODGLUHFFLyQ
5HPRGHODFLyQ SDUD RSWLPL
]DU HO iUHD GH WUDEDMR \ DP
ELHQWHGHODVVHFUHWDULDV
6H KD ORJUDGR HO GHO
DYDQFHDODUHPRGHODFLyQGH
ODUHFHSFLyQ\iUHDGHVHFUH
WDULDV D WUDYpV GH FRPSUD
GHORVQXHYRVDUFKLYRVOiP
SDUDVUHÁHFWLYDV\SXULÀFD
GRUHVGHDLUH
5HQRYDFLyQGHOHTXLSR\PR
ELOLDULRGHOiUHDGHODVVHFUH
WDULDV
(TXLSRGHWUDEDMRGHOD'LUHFFLyQGH$VHVRUtD-XUtGLFD
5(1',&,Ð1'(&8(17$6
'LUHFFLyQ*HQHUDOGH3ODQLÀFDFLyQ\(YDOXDFLyQ8QLYHUVLWDULD
3XEOLFDFLRQHVHVSHFLDOHV
3UR\HFWR0HWD5HVXOWDGR
(ODERUDFLyQGHXQOLEURVREUH
HO 3DWULPRQLR $UWtVWLFR GH OD
8QLYHUVLGDGGH3DQDPi
3UHVHQWDU D OD FRPXQLGDG
XQLYHUVLWDULD \ D OD FRPXQL
GDG HQ JHQHUDO XQD UHFRSL
ODFLyQGHODVREUDVDUWtVWLFDV
PiV LPSRUWDQWHV TXH SRVHH
OD8QLYHUVLGDGGH3DQDPi
3XEOLFDFLyQ GH OD REUD ´3D
WULPRQLR $UWtVWLFR GH OD 8QL
YHUVLGDG GH 3DQDPiµ TXH
SUHVHQWD EXVWRV HVFXOWXUDV
HVWDWXDV PRQXPHQWRV PX
UDOHV\SLQWXUDVTXHUHFRJHQ
ODV PiV VHQVLEOHV H[SUHVLR
QHVHQODVDUWHVSOiVWLFDVGH
ORVHVWXGLDQWHVSURIHVRUHV\
DUWLVWDV DPLJRV GH HVWD SUL
PHUD &DVD GH (VWXGLRV 6X
SHULRUHV GHO SDtV (O PLVPR
LQFOX\H VXV DXWRUHV DxR GH
DGTXLVLFLyQ WDPDxR XELFD
FLyQ \ ORV PDWHULDOHV TXH OR
FRPSRQHQ
(O 'RFWRU (QULTXH /DX \ VX HTXLSR KDFHQ HQWUHJD GHO OLEUR 3DWULPRQLR $UWtVWLFR DO 5HFWRU
'RFWRU*XVWDYR*DUFtDGH3DUHGHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$ UDt] GH HVWD LQLFLDWLYD VH
SXGR UHDOL]DU XQ DYDO~R GHO
SDWULPRQLR DUWtVWLFR OHYDQWDU
XQDEDVHGHGDWRVFRQWRGDV
ODVREUDVTXHKD\HQOD,QV
WLWXFLyQ \ HVWDEOHFHU XQ SUR
FHGLPLHQWR GH SUHVHUYDFLyQ
SDUDTXHODVSUHVHQWHV\IX
WXUDV JHQHUDFLRQHV SXHGDQ
GLVIUXWDU GH HVWH OHJDGR TXH
DGRUQDOD8QLYHUVLGDGGH3D
QDPi
/DREUDIXHSUHVHQWDGDHQXQ
VROHPQHDFWRHOGHRFWXEUH
GHHQHO3DUDQLQIR8QL
YHUVLWDULRFRPRLQLFLRIRUPDO
D ODV DFWLYLGDGHV GH FRQPH
PRUDFLyQ GH ORV VHWHQWD \
FLQFR DxRV TXH VH FHOHEUDQ
HOGHRFWXEUHGHOSUHVHQWH
&RRUGLQDFLyQ GH OD HODERUD
FLyQ GH XQ OLEUR FRQPHPR
UDWLYR GH ORV $xRV GH OD
8QLYHUVLGDGGH3DQDPi
3UHVHQWDU D OD FRPXQLGDG
XQLYHUVLWDULD \ D OD FRPXQL
GDG HQ JHQHUDO XQ UHFXHQWR
KLVWyULFR GH ORV KHFKRV PiV
LPSRUWDQWHV RFXUULGRV HQ OD
8QLYHUVLGDG GH 3DQDPi HQ
HVWRV VHWHQWD \ FLQFR DxRVGHVHUSDUWHLQWHJUDOGHO
GHVDUUROORGHQXHVWURSDtV
3XEOLFDFLyQGHOOLEUR´8QLYHU
VLGDG GH 3DQDPi 2UtJHQHV
\(YROXFLyQµHQHOTXHOD,QV
WLWXFLyQFHOHEUDVXVSULPHURV
DxRVGHIXQGDFLyQGRQGH
VH ORJUD XQD REUD REMHWLYD
VXVWHQWDGD FLHQWtÀFDPHQWH
HTXLOLEUDGD\MXVWDFRQWRGRV
ORVDFWRUHVVRFLDOHVGHYDULDV
JHQHUDFLRQHV TXH GH XQD X
RWUD PDQHUD KDQ FRQWULEXLGR
D OR TXH HV KR\ OD 8QLYHUVL
GDG GH 3DQDPi OD PiV LP
SRUWDQWH ,QVWLWXFLyQ GH (GX
FDFLyQ6XSHULRUGHOSDtV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(OGHRFWXEUHGHOSUHVHQWH
HQHO3DUDQLQIR8QLYHUVLWDULR
VH HQWUHJy DO 5HFWRU 0DJQt
ÀFR 'U *XVWDYR *DUFtD GH
3DUHGHV HO SULPHU HMHPSODU
GHOPLVPR
(QWUHJD GHO OLEUR GH GLDPDQWH 3UHVHQWHV GH L]TXLHUGD D GHUHFKD (OEHUWR &RERV SURIHVRU &pVDU GHO
9DVWR6U3HGUR5LYHUD,QJ-XDQ3ODQHOOV'U*XVWDYR*DUFtDGH3DUHGHV\HO'U(QULTXH/DX&RUWpV
81,9(56,'$''(3$1$0É
6XEGLUHFFLyQGH(YDOXDFLyQ
&RRUGLQDFLyQGH7UDQVIRUPDFLyQ&XUULFXODU\(YDOXDFLyQ
3UR\HFWR0HWD5HVXOWDGR
%ROHWtQGHGLYXOJDFLyQ
%ROHWtQ PHQVXDO LQIRUPDWLYR
GHO WUDEDMR GH HYDOXDFLyQ
WUDQVIRUPDFLyQ FXUULFXODU GH
FDUUHUDV
EROHWLQHV HGLWDGRV GH PD
QHUD GLJLWDO GLYXOJDGRV D
WUDYpV GH OD SiJLQD ZHE GH
OD8QLYHUVLGDGGH3DQDPi\
SRU HPDLO D SURIHVRUHV
HQHUR IHEUHUR PDU
]RDEULOPD\RMXQLR\MXOLR
9tQFXORVFRQRUJDQLVPRVQD
FLRQDOHV
3DUWLFLSDFLyQHQWDOOHUHVSDUD
HO GHVDUUROOR GH OtQHDV HV
WUDWpJLFDVHQHO&RQVHMRGH
5HFWRUHV
$VLVWHQFLD D WRGRV ORV WDOOH
UHV\UHXQLRQHVSDUDSURGXFLU
GRFXPHQWRV \ RUJDQL]DU XQ
6HPLQDULR7DOOHUGH$VHJXUD
PLHQWRGHOD&DOLGDG
$FWXDOL]DFLyQ GH SODQHV GH
HVWXGLR\SURJUDPDV
3ODQHV \ SURJUDPDV DFWXDOL
]DGRVHQGLFLHPEUH
$YDQFH GH DFWXDOL]DFLyQ GH
SODQHV\SURJUDPDV
‡ SODQHVDFWXDOL]DGRV
‡ SODQHVFRQDYDQFHHQWUH
\
‡ SODQHV FRQ DYDQFH GH
D
&DSDFLWDFLyQGHGRFHQWHVGH
GLIHUHQWHVIDFXOWDGHV
‡
‡
‡
3DUWLFLSDFLyQ HQ SURFHVR GH
DSUREDFLyQ GHO Q~FOHR FR
P~Q
$VHVRUtD D &RPLVLR
QHV &XUULFXODUHV GH )D
FXOWDGHV
MRUQDGDVGHFDSDFLWD
FLyQHQIDFXOWDGHV
SURIHVRUHVDVLVWHQWHV
2UJDQL]DFLyQ \ SDUWLFLSDFLyQ
HQ WDOOHUHV GH &RQVHMR GH
)DFXOWDGHV SDUD GHÀQLU 1~
FOHR &RP~Q *HQHUDO \ 3DU
WLFXODU
‡ 7DOOHUHVHQ&RQVHMRGH
)DFXOWDGHV GH &LHQFLDV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
‡
‡
(ODERUDFLyQGHXQQXHYR0D
QXDOGH3URFHGLPLHQWRV$FD
GpPLFRV SDUD OD FUHDFLyQ
DFWXDOL]DFLyQ DSHUWXUD UH
DSHUWXUD\FLHUUHGHFDUUHUDV
$FWXDOL]DUHO0DQXDO9LJHQWH
GH3URFHGLPLHQWRV$FDGpPL
FRVHODFWXDOGDWDGH
(ODERUDFLyQ GH XQ *ORVDULR
$FDGpPLFR&XUULFXODU
3XEOLFDUHOJORVDULR
$VHVRUDU OD HMHFXFLyQ \
FXPSOLPLHQWR GHO SODQ GH
PHMRUDPLHQWRHQORUHODWLYR
DDFWXDOL]DFLyQGHSODQHV\
SURJUDPDV GH ODV FDUUHUDV
TXH FRPSOHWDURQ HO SURFH
VRGHHYDOXDFLyQFRQODYL
VLWD GH SDUHV DFDGpPLFRV
H[WHUQRV
6HJXLPLHQWR D WRGDV ODV FR
PLVLRQHV
6RFLDOHV\+XPDQtVWLFDV
7DOOHUHVHQ&RQVHMRGH
)DFXOWDGHV GH 7HFQROR
JtD &LHQFLDV 1DWXUDOHV
([DFWDV
3URIHVRUHVGH&RQVH
MRVGH)DFXOWDGHV
8Q GRFXPHQWR GH 3URFHGL
PLHQWRV $FDGpPLFRV FRQ
VHQVXDGR FRQ OD 9LFHUUHFWR
UtD$FDGpPLFD
1RVHKDGLVFXWLGRHQ&RQVH
MR$FDGpPLFR
6H HODERUy GH PDQHUD FRQ
GpPLFD &RRUGLQDFLyQ GH
(YDOXDFLyQ \ GH 7UDQVIRUPD
FLyQ $FDGpPLFD &XUULFXODU XQ
*ORVDULR$FDGpPLFR&XUULFXODU
‡ GH YLVLWDV D ODV
XQLGDGHVDFDGpPLFDV
‡
FDUUHUDV FRQ SODQHV
DFWXDOL]DGRV FRPR SDU
WH GHO SODQ GH PHMRUD
PLHQWR LQWHJUDGR VHJ~Q
UHFRPHQGDFLRQHV GH ORV
SDUHVH[WHUQRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$UWLFXODFLyQGHOD(GXFDFLyQ
0HGLD FRQ OD (GXFDFLyQ 6X
SHULRU
'LVHxR GH WRGRV ORV SURJUD
PDV GH %DFKLOOHU GH (GX
FDFLyQ 0HGLD SDUD ž ž
JUDGRGHO0LQLVWHULRGH(GX
FDFLyQ
7DOOHUHV1DFLRQDOHVSDUDHO
GLVHxR GH SURJUDPDV GH
DVLJQDWXUDV SDUD ORV EDFKL
OOHUDWRV
&DSDFLWDUSURIHVRUHVHQ
GLVHxR GH SURJUDPDV GH HV
WXGLRGH%DFKLOOHUHQ(GXFD
FLyQ0HGLD
(ODERUDFLyQ GH 0yGXOR GH
$XWRDSUHQGL]DMH HQ 3ODQHD
PLHQWR'LGiFWLFR
0DQXDO HODERUDGR SDUD VHU
HGLWDGRHQHMHPSODUHV
SDUD FDSDFLWDU WRGRV ORV GR
FHQWHV GH (GXFDFLyQ 0HGLD
GHFHQWURVSLORWRVGHOSDtV
'LVHxR GHO 3UR\HFWR GH )RU
PDFLyQ GH /LFHQFLDWXUD HQ
(GXFDFLyQ 3ULPDULD HQ OD
1RUPDO -XDQ 'HPyVWHQHV
$URVHPHQD SDUD VHU UHFR
QRFLGRSRUOD8QLYHUVLGDGGH
3DQDPi
‡
‡
‡
‡
(O GLVHxR FRQ WRGRV VXV
FRPSRQHQWHV
'LVHxR \ UHYLVLyQ GH SURJUDPDVDVLJQDWXUDV
&DSDFLWDFLyQ GH SUR
IHVRUHV
(MHFXFLyQ GH WDOOHUHV
SDUDHOGLVHxR
3UR\HFWR0HWD5HVXOWDGR
&UHDFLyQ GH QXHYDV RIHUWDV
DFDGpPLFDV
'LHFLVLHWHQXHYDVRIHU
WDVDFDGpPLFDV
‡
‡
)DFXOWDGHV
&HQWURV 5HJLRQDOHV \
([WHQVLRQHV 8QLYHUVLWD
ULDV
&DUUHUDV1XHYDV
$SUREDGDV
‡ )DFXOWDGGH$UTXLWHFWXUD
/LFHQFLDWXUD HQ 'LVHxR
GH 0RGDV \ 7pFQLFR HQ
&RQIHFFLyQGH9HVWXDULR
‡ )DFXOWDG GH (FRQRPtD
/LFHQFLDWXUD HQ (FRQR
PtD\*HVWLyQ$PELHQWDO
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
‡
‡
7DOOHU GH &DSDFLWDFLyQ ´(V
WUDWHJLDV 0HWRGROyJLFDV GH
3HUÀO3RU&RPSHWHQFLDVҋҋ
&DSDFLWDFLyQ D ODV XQLGDGHV
DFDGpPLFDVSURSRQHQWHVGH
QXHYDVFDUUHUDVHQODPHWR
GRORJtDSRUFRPSHWHQFLDV
)DFXOWDG GH &LHQFLDV
1DWXUDOHV ([DFWDV \
7HFQRORJtD/LFHQFLDWXUD
HQ,QJHQLHUD*HROyJLFD
&58 GH 9HUDJXDV /L
FHQFLDWXUD HQ %LRORJtD
FRQ 2ULHQWDFLyQ HQ %LR
ORJtD0DULQD
6H UHDOL]y HO WDOOHU IRFDO GH
OD SURSXHVWD GH FUHDFLyQ GH
OD FDUUHUD GH &RVPHWRORJtD
(VWpWLFD \ 6DOXG SUHVHQWDGD
SRUOD)DFXOWDGGH(QIHUPHUtD
3DUWLFLSDQWHVGHO7DOOHU)RFDOGHOD3URSXHVWDGHFDUUHUDGHOD/LFHQFLDWXUDHQ,QJHQLHUtD*HROyJLFDRUJDQL]DGRSRU
ODHVFXHODGH)tVLFDGHOD)DFXOWDGGH&LHQFLDV1DWXUDOHV([DFWDV\7HFQRORJtD\HO'HSDUWDPHQWRGH3ODQLÀFDFLyQ
$FDGpPLFDGHOD'LUHFFLyQ*HQHUDOGH3ODQLÀFDFLyQ\(YDOXDFLyQ8QLYHUVLWDULD(VWHHYHQWRFRQWyFRQODSDUWLFLSDFLyQ
GHFRODERUDGRUHVGHOD$&3,'$$1\OD$VRFLDFLyQGH*HyORJRVGH3DQDPiHQWUHRWURV
81,9(56,'$''(3$1$0É
6HPLQDULRWDOOHU´'LVHxR\'HVDUUROOR&XUULFXODUEDVDGRHQ&RPSHWHQFLDVµFRQODSDUWLFLSDFLyQGHSURIHVRUHVGH
OD 8QLYHUVLGDG GH 3DQDPi 8QLYHUVLGDG (VSHFLDOL]DGD GH ODV$PpULFDV \ OD 8QLYHUVLGDG 0DUtWLPD ,QWHUQDFLRQDO
3UR\HFWR0HWD5HVXOWDGR
'LSORPDGRV
‡ 'LSORPDGR HQ *HVWLyQ
GHFDOLGDG
‡ 3HQVDPLHQWR(VWUDWpJLFR
\3URVSHFWLYD
3UHVHQWDFLyQGHGRVGLSOR
PDGRV D OD 9LFHUUHFWRUtD GH
([WHQVLyQ SDUD VX DSURED
FLyQ
6HPLQDULR 7DOOHU 'LVHxR \
'HVDUUROOR &XUULFXODU EDVD
GRHQ&RPSHWHQFLDVFRQOD
SDUWLFLSDFLyQGHWUHLQWDSURIH
VRUHVGHGLIHUHQWHVXQLGDGHV
DFDGpPLFDV\ODSDUWLFLSDFLyQ
GHSURIHVRUHVGHOD8QLYHUVL
GDG 0DUtWLPD ,QWHUQDFLRQDO
8QLYHUVLGDG (VSHFLDOL]DGD
GHODV$PpULFDV
$SUREDFLyQGHGRVSURSXHV
WDVGHGLSORPDGRV'LSORPD
GRHQ*HVWLyQGH&DOLGDG
'LSORPDGR HQ 3HQVDPLHQWR
(VWUDWpJLFR
5(1',&,Ð1'(&8(17$6
&RRUGLQDFLyQGH(YDOXDFLyQ\$FUHGLWDFLyQ
3UR\HFWR0HWD5HVXOWDGR
6HJXLPLHQWR \ FXOPLQDFLyQ
GHORVSURFHVRVGHDXWRHYD
OXDFLyQ\YLVLWDGHSDUHVH[
WHUQRV SRU ODV FDUUHUDV DX
WRHYDOXDGDVHQHO
6HJXQGD HYDOXDFLyQ LQVWLWX
FLRQDO
&XOPLQDU ORV SURFHVRV GH
$XWRHYDOXDFLyQ GH FDUUHUDV
DXWRHYDOXDGDV HQ HO DxR
GH ODV FDUUHUDV HQ SUR
FHVRVGHDXWRHYDOXDFLyQ
9DOLGDUODDXWRHYDOXDFLyQSRU
ORVSDUHVDFDGpPLFRV H[WHU
QRVGHODVFDUUHUDVDXWRHYD
OXDGDV
FDUUHUDV UHYLVDGDV HQ
ODYLVLWDGHSDUHVH[WHUQRV
,QLFLDUORVSODQHVGHPHMRUD
PLHQWR
6HLQLFLDURQORVGHSODQHVGH
PHMRUDPLHQWR
,QVWDXUDFLyQ GH OD &RPLVLyQ
GH$XWRHYDOXDFLyQ,QVWLWXFLR
QDO RUJDQL]DGD \ FDSDFLWDGD
SDUD UHDOL]DU HO LQIRUPH GH
DXWRHYDOXDFLyQ \ SODQ GH
PHMRUDPLHQWR,QVWLWXFLRQDO
3HUVRQDO GH OD FRRUGLQDFLyQ
SDUWLFLSy FRPR IDFLOLWDGRUHV
DSR\DQGRDO&21($83$HQ
VXV DFWLYLGDGHV (VWDV DFWL
YLGDGHVVHUHDOL]DURQHQ8QL
YHUVLGDGGHODV$PpULFDV\OD
8QLYHUVLGDG/DWLQD
,QIRUPHGHODYLVLWDGHSDUHV
DFDGpPLFRVH[WHUQRV
6HJXLPLHQWRGHO3ODQGH0H
MRUDPLHQWR GH ODV FDUUH
UDVHYDOXDGDV
,QFRUSRUDFLyQ GH ORV SODQHV
GH 0HMRUDPLHQWR HQ HO 3ODQ
2SHUDWLYR $QXDO 32$ GH
ODV)DFXOWDGHV
$YDQFH HQ OD HMHFXFLyQ GH
ORV 3ODQHV GH 0HMRUDPLHQWR
GHODVFDUUHUDVHYDOXDGDV
‡ 1LYHO,QVWLWXFLRQDO
‡ 1LYHO GH OD FDUUHUD R OD
XQLGDGDFDGpPLFD
‡ 3ODQGH,QYHUVLRQHV
6H UHDOL]DURQ FRQVXOWDV \
WDOOHUHV FRQ DSRUWHV DO GR
FXPHQWR GH DXWRHYDOXDFLyQ
LQVWLWXFLRQDO UHFLHQWHPHQWH
SXEOLFDGRSRU&21($83$
7DOOHUHV UHDOL]DGRV D ODV FR
PLVLRQHV HQ ODV XQLGDGHV
DFDGpPLFDV SDUD LQFRUSRUDU
ORV SUR\HFWRV GH ORV SODQHV
GH PHMRUDPLHQWR D ORV 32$
GH ODV IDFXOWDGHV /RJUDGR
HQXQ
6H FRQIHFFLRQy OLEUR JXtD
SDUD GLVHxR LPSOHPHQWD
FLyQHMHFXFLyQ\VHJXLPLHQ
WR D ORV DYDQFHV HQ ORV SOD
QHVGHPHMRUDPLHQWR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
,QIRUPHGH5HVXOWDGRV
&DUUHUDV JHVWLRQDGDV FRQ
FDOLGDG
'LSORPDGR HQ JHVWLyQ HYD
OXDFLyQ \ DFUHGLWDFLyQ GH
FDUUHUDVGHODHGXFDFLyQVX
SHULRU
'LYXOJDFLyQGHODVWHPiWLFDV
GH FDOLGDG GH OD HGXFDFLyQ
VXSHULRU
3UHVHQWDU OD VLWXDFLyQ GH OD
FDUUHUD IUHQWH D ORV UHTXHUL
PLHQWRV GH OD DJHQFLD DFUH
GLWDGRUD
GHOLQIRUPHHQDYDQFHV
GHO SODQ GH PHMRUDPLHQWR
SRUODVFDUUHUDVHYDOXDGDV
6HHQWUHJyLQGLFDGRUHVSDUD
OD DFUHGLWDFLyQ GH ODV FDUUH
UDVDYDQ]DGDVHQSODQHVGH
PHMRUDPLHQWR
,QIRUPDUVREUHHOVHJXLPLHQ
WRGHODVDFFLRQHVGHPHMRUD
FRQÀQHVGHDFUHGLWDFLyQ
6HSUHVHQWyHOLQIRUPHGHOD
FDUUHUDGHPHGLFLQDVLJXLHQ
GR FULWHULRV GH OD DJHQFLD
DFUHGLWDGRUD
&RRUGLQDU OD ORJtVWLFD GHO GL
SORPDGR &RQWUDWDFLyQ GH
IDFLOLWDGRUHV QDFLRQDOHV H
LQWHUQDFLRQDOHV PDWHULDOHV
UHIULJHULRVHWF
JHVWLyQ GH IDFLOLWDGRUHV
H[WUDQMHURV
JHVWLyQ GH SRVLEOHV
SDUWLFLSDQWHV
,QIRUPDU DO S~EOLFR VREUH OD
FDOLGDG GH OD HGXFDFLyQ VX
SHULRU
3XEOLFDFLRQHV D WUDYpV GH
EROHWLQHV HOHFWUyQLFRV \ HQ
WUHYLVWDV UHDOL]DGDV SRU HO
6,&(9$(6SHULyGLFR
5HXQLyQ 7pFQLFD 3UR\HFWR
$/)$VREUH$VHJXUDPLHQWR
GHOD&DOLGDGSROtWLFDVS~EOL
FDV\JHVWLyQXQLYHUVLWDULD
6HUHDOL]yODUHXQLyQGHOSUR
\HFWR
)LQDQFLDPLHQWRFXELHUWRSRU
OD8QLyQ(XURSHD
3ODQLÀFDFLyQ$GPLQLVWUDWLYD
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWR GH ORV SUR
FHVRVDGPLQLVWUDWLYRV,QVWLWX
FLRQDOHV
&DWiORJR FRQ /H\HV 'HFUH
WRV 5HVROXFLRQHV 1RUPDV
5HJODPHQWR \ 0DQXDOHV GH
3URFHGLPLHQWRV
FDWiORJRV UHSURGXFLGRV
\ GLVWULEXLGRV D WRGDV ODV
XQLGDGHV DGPLQLVWUDWLYDV \
DFDGpPLFDV GH OD 8QLYHUVL
GDGGH3DQDPi
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&XUVRVUHDOL]DGRV
-RUQDGDGHFDSDFLWDFLyQLQV
WLWXFLRQDO
*ORVDULR GH 7pUPLQRV (VSH
FLDOL]DGRV HQ ODV ÉUHDV GH
3ODQLÀFDFLyQ
&XUVR GHO 3URJUDPD 9LVLR
2UJDQLJUDPDV \ ÁXMRJUD
PDVSDUDFRODERUDGRUHV
GH',*(3/(8
JORVDULRVUHSURGXFLGRV\
GLVWULEXLGRV
'LFWDU VHPLQDULRV \ FRQIH
UHQFLDV
7UHV VHPLQDULRV VREUH
HODERUDFLyQ GH SUR\HFWRV
SDUDIXQFLRQDULRV
,PSOHPHQWDFLyQ \ GHVDUUROOR
GHIXMRJUDPDVSDUDWRGDVODV
XQLGDGHVDGPLQLVWUDWLYDV
7UHV FRQIHUHQFLDV VREUH
ODHODERUDFLyQGHORVPDQXD
OHVGHSURFHGLPLHQWRVSDUD
)XQFLRQDULRV
IXQFLRQDULRV FDSDFLWD
GRVHQODXWLOL]DFLyQGHO3ODQ
2SHUDWLYR$QXDO32$
3XEOLFDFLRQHVHGLWDGDVSRUHO'HSDUWDPHQWRGH3ODQLÀFDFLyQ$GPLQLVWUDWLYD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&RQVWUXFFLyQGHO´ÌQGLFHGH
,QWHJULGDGGHODV,QVWLWXFLR
QHV3~EOLFDVµ
3UHVHQWDFLyQ GHO ÌQGLFH GH
,QWHJULGDG GH OD 8QLYHUVLGDG
GH3DQDPi
3XEOLFDFLyQ GH OD )XQGD
FLyQ SDUD HO 'HVDUUROOR GH
OD /LEHUWDG &LXGDGDQD \ GH
7UDQVSDUHQFLD ,QWHUQDFLRQDO
HQHODxR
3RVLFLyQ1ƒGHOUDQJRGH
,QVWLWXFLRQHV GHO 6HFWRU
3~EOLFR
3URSXHVWD GH UHHVWUXFWXUD
FLyQGHODHVWUXFWXUDRUJiQL
FD GH ORV &HQWURV 5HJLRQD
OHV
3URSXHVWD SUHVHQWDGD \ GLV
FXWLGD
3URSXHVWD SUHVHQWDGD DQWH
HO &RQVHMR GH ORV &HQWURV
5HJLRQDOHV8QLYHUVLWDULRV
3URSXHVWDHQSURFHVRGHGLV
FXVLyQ\DSUREDFLyQ
'HVDUUROOR,QVWLWXFLRQDO
3UR\HFWR0HWD5HVXOWDGR
0HPRULD,QVWLWXFLRQDO\
UHFRSLODFLyQGHO3ODQ2SHUD
WLYR$QXDO32$
6HPLQDULR SDUD OD HODER
UDFLyQ GH OD 5HQGLFLyQ GH
&XHQWDV \ 0HPRULD ,QVWLWX
FLRQDO
$VHVRUtD HQ UHODFLyQ D SOD
QHVHVWUDWpJLFRVDLQVWLWXFLR
QHVH[WHUQDV
(ODERUDFLyQ \ SUHVHQWDFLyQ
GH ORV UHVXOWDGRV GH OD JHV
WLyQ XQLYHUVLWDULD GXUDQWH HO
DxR
DSOLFDGRV HQ OD LQVWLWXFLyQ
SDUD OD HODERUDFLyQ GH ORV
GRFXPHQWRVUHIHULGRV
$VHVRUtD FRQWUDWDGD SDUD OD
HODERUDFLyQGH3ODQHV(VWUD
WpJLFRVDQLYHOH[WHUQRGHOD
8QLYHUVLGDG
(GLFLyQ \ GLVWULEXFLyQ GH HMHPSODUHV
3DUWLFLSDFLyQGHXQLGDGHV
TXH FRQIRUPDQ OD 8QLYHUVL
GDG GH 3DQDPi HQ OR UHIH
UHQWHDOOOHQDGRFRUUHFWRSDUD
ODV SXEOLFDFLRQHV GH 5HQGL
FLyQ GH &XHQWDV \ 0HPRULD
,QVWLWXFLRQDO
$VHVRUtD 7pFQLFD DO &XHUSR
GH%RPEHURVGH3DQDPiHQ
ODHODERUDFLyQGHVX3ODQ(V
WUDWpJLFR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$VHVRUtD7pFQLFD D 3$1'(
3257(6 HQ OD HODERUDFLyQ
GHVX3ODQ(VWUDWpJLFR
$VHVRUtD 7pFQLFD DO 0,75$
'(/HQODHODERUDFLyQGHVX
3ODQ(VWUDWpJLFR
)RUWDOHFLPLHQWRGHORVSURFH
VRVDGPLQLVWUDWLYRV
3URJUDPD GH FDSDFLWDFLyQ
UHDOL]DGD
3DUWLFLSDFLyQDFWLYDHQHO6H
PLQDULR GH ´)RUPXODFLyQ \
(YDOXDFLyQGH3UR\HFWRVµ
5HQGLFLyQGH&XHQWDV
VROLFLWXG UHFRSLODFLyQ DQi
OLVLV \ HVWUXFWXUD GH OD LQIRU
PDFLyQ SURSRUFLRQDGD SRU
ODVXQLGDGHVDFDGpPLFDV
(ODERUDU\SUHVHQWDUHOLQIRU
PHDQXDOGHODJHVWLyQGHOD
LQVWLWXFLyQ
'RFXPHQWRLPSUHVRGH5HQ
GLFLyQGH&XHQWDV
$VHVRUtD 7pFQLFD DO SHUVRQDO GHO ,QVWLWXWR 3DQDPHxR GH 'HSRUWHV 3$1'(3257(6
([SRQHHO'U(QULTXH/DX&RUWpV
81,9(56,'$''(3$1$0É
3DUWLFLSDFLyQHQHO6HPLQDULRGH)RUPXODFLyQ\(YDOXD
FLyQGH3UR\HFWRV
/LEURVHGLWDGRVGXUDQWHHOSHULRGRGH
6HPLQDULR GLFWDGR D ÀQ GH PHMRUDU OD SUHVHQWDFLyQ GH OD
5HQGLFLyQGH&XHQWDV\OD0HPRULD,QVWLWXFLRQDO
5(1',&,Ð1'(&8(17$6
3ODQLÀFDFLyQ)tVLFDH,QIUDHVWUXFWXUD
3UR\HFWR0HWD5HVXOWDGR
3URJUDPDGHDGHFXDFLyQGH
ODVLQIUDHVWUXFWXUDVXQLYHUVL
WDULDVSDUDSHUVRQDVFRQFD
SDFLGDGHVHVSHFLDOHV
3URSXHVWDGHGLVHxR
'LVHxRLPSOHPHQWDGRHQODV
PHMRUDV \ DGHFXDFLRQHV GH
UDPSDV\HVWDFLRQDPLHQWRV
3URJUDPD GH DFWXDOL]DFLyQ
GH ODV LQIUDHVWUXFWXUDV LQVWL
WXFLRQDOHVDQLYHOQDFLRQDO
,QIRUPHDFHUFDGHORVOHYDQ
WDPLHQWRV \ HYDOXDFLRQHV
ItVLFDV GH WRGDV ODV LQVWDOD
FLRQHV
%DQFR GH GDWRV DFWXDOL]DGR
GH ODV LQVWDODFLRQHV XQLYHU
VLWDULDVDQLYHOQDFLRQDOSDUD
PHMRUDU OD WRPD GH GHFLVLR
QHVGHDYDQFHV
'RFXPHQWR DFHUFD GHO YDORU
FDWDVWUDOFRPHUFLDOGHOSDWUL
PRQLRXQLYHUVLWDULR
,QYHQWDULR GH ODV REUDV GH
YDORUDUWtVWLFRGHOD8QLYHUVL
GDGGH3DQDPi
'HWHUPLQDU OD XELFDFLyQ
DXWRU WpFQLFD DxR GLPHQ
VLRQHV \ HVWDGR DFWXDO IR
WRJUDÀDU \ OLVWDU FDGD REUD
HQFRQWUDGD
'RFXPHQWRSXEOLFDGRGHODV
REUDVDUWtVWLFDVGHOD8QLYHU
VLGDGGH3DQDPi
3UHSDUDFLyQ \ VHJXLPLHQWR
GHOSUHVXSXHVWRGHLQYHUVLR
QHV
,QIRUPHGH6HJXLPLHQWR
,QIRUPHV VHPDQDOHV DFHUFD
GH OD HMHFXFLyQ GH ORV SUR
\HFWRVGHLQYHUVLyQ
3DUWLFLSDFLyQHQOD&RPLVLyQ
GH 2EUDV \ 6XEFRPLVLyQ
7pFQLFDGHREUDV
,QIRUPHGHHYDOXDFLyQGHORV
SUR\HFWRV\GRFXPHQWRVWpF
QLFRVSDUDODFRQWUDWDFLyQGH
FDGDSUR\HFWR
5HFRPHQGDFLRQHV DO &RQVHMR
$GPLQLVWUDWLYRGHODDSUREDFLyQ
RUHFKD]RGHORVSUR\HFWRVGH
LQIUDHVWUXFWXUD\HTXLSDPLHQWR
'HSDUWDPHQWRGH(VWDGtVWLFD
3UR\HFWR0HWD5HVXOWDGR
:HEGHJUDGXDGRV
(VWDGtVWLFDV GH JUDGXDGRV
GLVSRQLEOHVDWLHPSRUHDO
(O GH ORV IRUPXODULRV GH
JUDGXDGRVGHWRGDVODVIDFXO
WDGHV GHO FDPSXV FHQWUDO VH
OOHYDQ D WUDYpV GHO IRUPXODULR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
YtD ZHE HQ HO 'HSDUWDPHQWR
GH(VWDGtVWLFD
(VWXGLDQWHV DWHQGLGRV GLUHF
WDPHQWH SDUD DFWXDOL]DU OD
ZHEGHJUDGXDGRV
8VRGHOD,QWHUQHWSDUDODDF
WXDOL]DFLyQ GH ORV GDWRV GH
JUDGXDGRV
8VRGHQXHYDVKHUUDPLHQWDV
WHFQROyJLFD SDUD HO PDQHMR
GH%DVHGH'DWRV
)XQFLRQDULRVFDSDFLWDGRVHQ
OD PRGDOLGDG GHO PDQHMR GH
ODV%DVHVGH'DWRV
3URJUDPDGHFDSDFLWDFLyQHQ
HOXVRGHODV%DVHVGH'DWRV
3HUVRQDO FDSDFLWDGR HQ HO
XVRGHODV%DVHVGH'DWRV
'HSDUWDPHQWRGH3UHVXSXHVWR
3UR\HFWR0HWD5HVXOWDGR
0HMRUDPLHQWR GHO VXPLQLVWUR
GHLQIRUPDFLyQHQPDWHULDGH
SUHVXSXHVWR
$FWXDOL]DFLyQ GH SURJUDPDV
SDUD HO PDQHMR GHO SUHVX
SXHVWR
‡
‡
‡
$FWXDOL]DFLyQSHUPDQHQWHGH
ODV HVWUXFWXUDV GH SHUVRQDO
ÀMR WUDQVLWRULR \ VREUHVXHO
GRV
1~PHURGHDFFLRQHV\RUJD
QL]DFLRQHVGRFHQWHVWUDPLWD
GDV
,QIRUPHVHODERUDGRV
5HDMXVWHDODKRMDGHFiO
FXOR HOHFWUyQLFD XWLOL]DGD
SDUD OD IRUPXODFLyQ GHO
DQWHSUR\HFWR GH SUHVX
SXHVWR
1XHYDEDVHGHGDWRVSDUD
HOPDQHMRGHODHVWUXFWXUD
GHOSHUVRQDOGHOD8QLYHU
VLGDGGH3DQDPi
3URFHVRH[SHGLWR\HQWLHPSR
UHDOGHDFFLRQHVGHSHU
VRQDOWUDPLWDGDV
‡ FRUUHVSRQGHQ DO
SHUVRQDOGRFHQWH
‡ DO SHUVRQDO DGPLQLV
WUDWLYR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&XPSOLPLHQWRGHODVQRUPDV
JHQHUDOHV GH DGPLQLVWUDFLyQ
SUHVXSXHVWDULDHQFXDQWRDOD
HMHFXFLyQVHJXLPLHQWR\HYD
OXDFLyQGHOSUHVXSXHVWRGHOD
8QLYHUVLGDGGH3DQDPi
8VRGHIRUPXODULRVVHJ~QODV
DFFLRQHVWUDPLWDGDV
WUDVODGRVUHDOL]DGRVKDV
WDHOPHVGHDJRVWRGHO
$QiOLVLV\Q~PHURGHUHGLVWUL
EXFLRQHV
UHGLVWULEXFLRQHV UHDOL]DGDV
DO SUHVXSXHVWR GH IXQFLRQD
PLHQWR
3UHVHQWDFLyQ \ VXVWHQWDFLyQ
GHFUpGLWRVDGLFLRQDOHV
(YDOXDFLyQ SUHVXSXHVWDULD
SHUtRGR
,QIRUPHVUHDOL]DGRV
,QIRUPH GH HMHFXFLyQ FRUUHV
SRQGLHQWHDOSHULRGRHQHURD
-XQLR
,QIRUPHWULPHVWUDODFHUFDGHOD
HMHFXFLyQSUHVXSXHVWDULDVVH
J~QODQRUPDGHSUHVXSXHVWR
YLJHQWH
)RUPXODFLyQ \ SUHVHQWDFLyQ
GHO $QWHSUR\HFWR GH 3UH
VXSXHVWR GH OD 8QLYHUVLGDG
GH 3DQDPi SDUD HO SHUtRGR
$QWHSUR\HFWRGH3UHVXSXHV
WR GH OD 8QLYHUVLGDG GH 3D
QDPiSDUDHOSHULRGR
$QWHSUR\HFWR SUHVHQWDGR \
VXVWHQWDGRDQWHHO0()HO
GH0D\RGH
$QWHSUR\HFWR SUHVHQWDGR \
VXVWHQWDGR DQWH OD $VDPEOHD
/HJLVODWLYDHOGHDJRVWRGH
3UHVHQWDFLyQGHOSUHVXSXHVWRGHOD8QLYHUVLGDGGH3DQDPiDQWHOD&RPLVLyQGH3UHVXSXHVWRGHOD$VDPEOHD1DFLRQDO
81,9(56,'$''(3$1$0É
,QQRYDFLyQ7HFQROyJLFD\8QLGDGGH6LVWHPDWL]DFLyQ
GHOD,QIRUPDFLyQ
3UR\HFWR0HWD5HVXOWDGR
8VR GH SDQHOHV IRWRYROWDL
FRVSDUDSURPRYHUHOXVRGH
HQHUJtD OLPSLD HQ 8QLYHUVL
GDGGH3DQDPi
,QFRUSRUDFLyQ GH OD WHFQROR
JtDOLPSLDHQODFRQVWUXFFLyQ
GHORVHGLÀFLRVGHOD8QLYHU
VLGDGGH3DQDPi
5HXQLRQHVWpFQLFDVFRQHVSH
FLDOLVWDVHXURSHRV$VRFLDFLyQ
GH 3URWHFFLyQ GHO 0HGLRDP
ELHQWH GH (VSDxD SURIHVLR
QDOHVSDQDPHxRVGHWRGRVORV
VHFWRUHVHFRQyPLFRV
3UHSDUDFLyQ GH DJHQGDV FRQ
MXQWDV FRQYHQLRV \ SURSXHV
WDV ÀQDQFLHUDV \ ORJtVWLFDV
SDUDODLQFRUSRUDFLyQGHHQHU
JtDVIRWRYROWDLFDVHQOD8QLYHU
VLGDGGH3DQDPi
,QIRUPH DFHUFD GH ORV PRGH
ORV\H[SHULHQFLDVH[LWRVDVGH
LQFRUSRUDFLyQ GH WHFQRORJtDV
SDUDHODKRUURHQHUJpWLFR
,QIRUPHDFHUFDGHODVSUR\HF
FLRQHV GHO DKRUUR ÀQDQFLHUR
FRQLQFRUSRUDFLyQGHHVWDWHF
QRORJtD D OD 8QLYHUVLGDG GH
3DQDPi
,QIRUPH DFHUFD GH ORV PHFD
QLVPRV ,QWHUQDFLRQDOHV SDUD
HO ÀQDQFLDPLHQWR D WUDYpV GHO
XVRGHORV%RQRVGH&DUERQR
&HUV
3DUWLFLSDFLyQ DFWLYD FRPR$G
PLQLVWUDGRU(QHUJpWLFRHQ3UR
JUDPDV GH $KRUURV GH (QHU
JtDV (QHUJtDV $OWHUQDWLYDV \
OLPSLDV DQWH OD 6HFUHWDUtD GH
(QHUJtD GHO 0LQLVWHULR GH OD
3UHVLGHQFLD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RPLVLyQ GH ,QQRYDFLyQ \
7HFQRORJtD HQ ORV 3UR\HFWRV
GH &RQVWUXFFLyQ GHO &DPSR
GH $QWHQDV \ HO &HQWUR 5H
JLRQDOGH6DQ0LJXHOLWR
,QFRUSRUDFLyQ GH DOWD WHFQR
ORJtDDODSURSXHVWDDUTXLWHF
WyQLFDGHO&DPSRGH$QWHQDV
\&58GH6DQ0LJXHOLWR
(VSHFLÀFDFLRQHV WHFQROyJLFDV
FRQWHPSODGD HQ HO SOLHJR GH
FDUJRSDUDODUHDOL]DFLyQGHOD
OLFLWDFLyQS~EOLFD
6RSRUWHWpFQLFRDORVSUR\HF
WRV DFDGpPLFRV \ GH IRUPX
ODFLyQ SUHVXSXHVWDULD GH OD
'LUHFFLyQ *HQHUDO GH 3ODQL
ÀFDFLyQ\(YDOXDFLyQ8QLYHU
VLWDULD
$FWXDOL]DFLyQ GH OD SODWDIRU
PDWHFQROyJLFD
5HYLVLyQ SHULyGLFD GH ORV SXQWRV WHFQROyJLFRV KDUG
ZDUHGHOD'LUHFFLyQ*HQHUDO
GH 3ODQLÀFDFLyQ \ (YDOXDFLyQ
8QLYHUVLWDULD
$FWXDOL]DFLyQ\VHJXLPLHQWRGH
ORVDQWLYLUXV\SURJUDPDVXWLOL
]DGRVHQODGLUHFFLyQ
$GHFXDFLyQ D ORV VLVWHPDV
GHLQIRUPDFLyQH[LVWHQWHV
3UHSDUDFLyQ\FRQVWUXFFLyQGH
ODZHEGHJUDGXDGRV
'HVDUUROORGHXQDEDVHGHGD
WRVFRQLQGLFDGRUHVGHLPSDFWR
SDUDHOSURFHVRGHHYDOXDFLyQ
\DFUHGLWDFLyQGHFDUUHUDV
0HMRUDFRQWLQXDDOSURFHVRGH
ODEDVHGHGDWRVSDUDHOVHJXL
PLHQWRGHORVHJUHVDGRVGHOD
8QLYHUVLGDGGH3DQDPi
&DSDFLWDFLyQ GHO 5HFXUVR
+XPDQRHQHOPDQHMRGHKH
UUDPLHQWDVGHLQIRUPiWLFD
&DSDFLWDFLyQ GH ODV QRYHQWD
XQLGDGHVDGPLQLVWUDWLYDV\GR
FHQWHVSDUDODIRUPXODFLyQGHO
SUHVXSXHVWR
&DSDFLWDFLyQ HQ OD FRQVWUXF
FLyQGHODSiJLQDZHE
&DSDFLWDFLyQHQHOXVRGHED
VHVGHGDWRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6RSRUWHWpFQLFRDORVSUR\HF
WRV DFDGpPLFRV \ GH IRUPX
ODFLyQ SUHVXSXHVWDULD GH OD
'LUHFFLyQ *HQHUDO GH 3ODQL
VLWDULD
$SR\R WpFQLFR \ ORJtVWLFR
SDUDHOWHPDGHODVSUHVHQWD
FLRQHVLQVWLWXFLRQDOHV
3UHVHQWDFLyQ GH OD 5HQGLFLyQ
GH&XHQWDVGHOD8QLYHUVLGDG
GH 3DQDPi D OD FLXGDGDQtD
SDQDPHxDDWUDYpVGHORVHQ
ODFHV GH ,QWHUQHW WHOHYLVLyQ \
YLGHRFRQIHUHQFLDV
3UHVHQWDFLRQHV SDUD HO GHVD
UUROOR \ SUHSDUDFLyQ GHO SODQ
HVWUDWpJLFR GH 3$1'(325
7(6\0,75$'(/
3UHVHQWDFLRQHV SDUD HO 'LSOR
PDGR,QWHUQDFLRQDOGH*REHU
QDELOLGDG\*HUHQFLD3~EOLFD
3UHVHQWDFLRQHVSDUDHOSURFH
VRGHHYDOXDFLyQ\VHJXLPLHQ
WRGHORVSUR\HFWRVHQORV&HQ
WURV 5HJLRQDOHV 8QLYHUVLWDULRV
GHORV6DQWRV\$]XHUR
3UHVHQWDFLyQGHOD´(QFXHVWDGH
6RQGHRVREUHXVRGHODV7,&6
HQOD8QLYHUVLGDGGH3DQDPiµ
3UHVHQWDFLyQ GHO SUR\HFWR GH
ODQXHYD)DFXOWDGGH0HGLFLQD
GHOD8QLYHUVLGDGGH3DQDPi
DORVHVWXGLDQWHVGHPHGLFLQD
'LJLWDOL]DFLyQ GH REUDV
GH DUWHV GH OD 8QLYHUVLGDG GH
3DQDPi SDUD OD SXEOLFDFLyQ
GHO OLEUR FRQPHPRUDWLYR D ORV
DxRVDFHUFDGHO3DWULPRQLR
&XOWXUDO\$UWtVWLFRGHOD8QLYHU
VLGDGGH3DQDPi
9LGHR'RFXPHQWDO DFHUFD GH
OD 3UHVHQWDFLyQ GHO /LEUR GH
3DWULPRQLR+LVWyULFRGHOD8QL
YHUVLGDGGH3DQDPi
5(1',&,Ð1'(&8(17$6
&DPSXV9LUWXDO
3UR\HFWR0HWD5HVXOWDGR
-RUQDGD GH GLYXOJDFLyQ GHO
&DPSXV9LUWXDODODVGLIHUHQ
WHVXQLGDGHVDFDGpPLFDVGH
OD8QLYHUVLGDGGH3DQDPi
'DU D FRQRFHU OD SODWDIRU
PDYLUWXDO\ORVVHUYLFLRVTXH
RIUHFH
6HUHDOL]DURQUHXQLRQHVGH
GLIXVLyQHQODVGLVWLQWDVXQLGD
GHVDFDGpPLFDGHOD8QLYHUVL
GDGGH3DQDPi
&DSDFLWDFLyQ D GRFHQWHV GH
GLIHUHQWHV )DFXOWDGHV &HQ
WUR 5HJLRQDOHV ([WHQVLRQHV
8QLYHUVLWDULDV\$QH[RV
)RUPDU D GRFHQWHV HQ ORV
QXHYRV DPELHQWHV YLUWXDOHV
GHDSUHQGL]DMH
6H FDSDFLWy GRFHQWHV GH
ODV GLIHUHQWHV GLVFLSOLQDV GHO
VDEHU HQ ORV DPELHQWHV YLU
WXDOHVGHDSUHQGL]DMHFRQDSOL
FDFLRQHV GH ODV KHUUDPLHQWDV
ZHE
'LSORPDGR ´)RUPDFLyQ GH
7XWRUHVHQ$PELHQWHV9LUWXD
OHVGH$SUHQGL]DMHµ
&DSDFLWDU D ORV SDUWLFLSDQ
WHV HQ ODV FRPSHWHQFLDV \
HVWUDWHJLDV EiVLFDV TXH OH
SHUPLWDQ GHVDUUROODU GH IRU
PD HIHFWLYD OD GRFHQFLD HQ
HQWRUQRV YLUWXDOHV GH DSUHQ
GL]DMH
6HKDQUHDOL]DGRSURPRFLR
QHVGHOGLSORPDGRFDSDFLWDQ
GRDSDUWLFLSDQWHVTXHSHU
WHQHFHQDGLIHUHQWHViUHDVGHO
FRQRFLPLHQWR GH OD 8QLYHUVL
GDGGH3DQDPi\GHRWUDVLQV
WLWXFLRQHVS~EOLFDV\SULYDGDV
(QWUHJDGHFHUWLÀFDGRVGHOGLSORPDGR´)RUPDFLyQGH7XWRUHVHQ$PELHQWHV9LUWXDOHVGHO$SUHQGL]DMHµSRUSDUWH
GHO9LFHUUHFWRU$FDGpPLFR'U-XVWR0HGUDQR
81,9(56,'$''(3$1$0É
*HVWLyQGH5LHVJR\6LVWHPDGH*HVWLyQGH0DWHULDOHV
\'HVHFKRV3HOLJURVRV
3UR\HFWR0HWD5HVXOWDGR
0LQLPL]DU HO ULHVJR GHO iUHD
GRQDGDSRUHO+RVSLWDO6DQWR
7RPiVDOD)DFXOWDGGH0HGL
FLQDSDUDHOXVRGHDXODVGH
FODVHV
&RQWURO GH SODJDV ]DULJH
YRGHOD)DFXOWDGGH&LHQFLDV
1DWXUDOHV ([DFWDV \ 7HFQR
ORJtD
$FRQGLFLRQDPLHQWR GHO iUHD
GH FODVHV VHJ~Q ORV HVWiQ
GDUHV QDFLRQDOHV H ,QWHUQD
FLRQDOHV
PDFHQDPLHQWR GH PDWHULD
OHV
&DSWXUD\GHVFRQWDPLQDFLyQ
GHSODJDV
ODMH WUDQVSRUWH \ DOPDFHQD
PLHQWR WHPSRUDO GH UHDFWLYRV
FHQFLD GH OD 8QLYHUVLGDG GH
3DQDPiXELFDGRHQHO+RVSL
WDO6DQWR7RPiV
&DSWXUD\WUDVODGRGH]DUL
JH\DV FRQ VXV FUtRV HQFRQ
WUDGRV HQ ORV GXFWRV GH DLUH
DFRQGLFLRQDGRHLQVWDODFLRQHV
GHFLHORUDVR
/LPSLH]D \ GHVFRQWDPLQDFLyQ
GHOiUHDDIHFWDGD
3DUWLFLSDFLyQ HQ HO 6HPLQDULR ´8VR FRUUHFWR GH ([
WLQWRUHVµ
&RORFDFLyQGHH[WLQWRUHVHQORVODERUDWRULRVGH4XtPLFD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFHU OD VHJXULGDG GH
ORV ODERUDWRULRV GH TXtPLFD
GH OD IDFXOWDG GH &LHQFLDV
1DWXUDOHV ([DFWDV \ 7HFQR
ORJtD
,QVWDODFLyQ GH H[WLQWRUHV VH
J~QQRUPDVGHVHJXULGDG
,PSOHPHQWDFLyQ GHO SODQ GH
DFFLyQ SDUD GHVFRQWDPLQD
FLyQGHORVODERUDWRULRVGHOD
8QLYHUVLGDGGH3DQDPi
'HVFRQWDPLQDFLyQ GH ORV
GRV ODERUDWRULRV FRQ PD\RU
QLYHOGHFRQWDPLQDFLyQGHOD
8QLYHUVLGDGGH3DQDPi
&DSDFLWDFLyQHQHOXVRGHORV
H[WLQWRUHV
$GTXLVLFLyQ GH H[WLQWRUHV
GH\OLEUDVSRUXQPRQWR
GH%
,QVWDODURQH[WLQWRUHVHQORV
ODERUDWRULRV GH OD (VFXHOD GH
4XtPLFD &LHQFLDV 1DWXUDOHV
([DFWDV\7HFQRORJtD
'HVFRQWDPLQDFLyQ GH ORV /D
ERUDWRULRV GH 4XtPLFD \ %LR
ORJtDGHOD)DFXOWDGGH&LHQFLD
1DWXUDOHV([DFWDV\7HFQRORJtD
,PSOHPHQWDFLyQ GHO SURWRFROR
SDUD HO SURFHVR GH FODVLÀFD
FLyQ HPEDODMH \ WUDVODGR GH
PDWHULDOHVSHOLJURVRV
,PSOHPHQWDFLyQGHXQ´PRGH
ORSDUWLFLSDWLYRHLQWHUVHFWRULDOµ
SDUDUHDOL]DUHOSURFHVRGHFOD
VLÀFDFLyQHPEDODMH\WUDVODGR
GH PDWHULDOHV SHOLJURVRV FRQ
OD SDUWLFLSDFLyQ GH GRFHQWHV
HVWXGLDQWHVGH~OWLPRDxR
\ SHUVRQDO H[WHUQR DOWDPHQWH
HVSHFLDOL]DGR HQ H[SORVLYRV
GHO&XHUSRGH%RPEHURV\GH
OD3ROLFtD1DFLRQDO
)DYRUHFHUODLQYHVWLJDFLyQHQ
HO LQYHQWDULR SURFHVDPLHQWR
\ GLVSRVLFLyQ ÀQDO GH PDWH
ULDOHVSHOLJURVRV
/RJUDU HO LQWHUpV \ SDUWLFLSD
FLyQ DFWLYD GH ORV JUDGXDQ
GRVDWUDYpVGHWHVLVGHJUD
GRSDUDRSWDUSRUHOWtWXORGH
/LFHQFLDGRVHQ4XtPLFD
7UDEDMR GH JUDGR SUHVHQWDGR
SRU HO HVWXGLDQWH )HUQDQGR
<RXQJGLULJLGRSRUHOSURIHVRU
5HQp $UD~] HQ HO WHPD GH
´7UDVIRUPDFLyQ GH $FUROHt
QDHQ3URGXFWRVÔWLOHVµ
'RWDFLyQ GH HTXLSRV KDUG
ZDUH\VRIWZDUHPDWHULDOHVH
LQVXPRV GH VHJXULGDG LQGLYL
GXDOSDUDODUHDOL]DFLyQGHOD
LQYHVWLJDFLyQ \ SUHVHQWDFLyQ
GHWUDEDMRVGHJUDGXDFLyQ
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
5HGXFFLyQ GH JDVHV Wy[LFRV
\ FRQWDPLQDFLyQ ELROyJLFD
HQODERUDWRULRV\iUHDVGHDO
PDFHQDPLHQWRGHPDWHULDOHV
SHOLJURVRV
&RQWUROGHODWR[LFLGDG\QLYH
OHVGHFRQWDPLQDFLyQELROyJL
FDHQODERUDWRULRV\iUHDVGH
DOPDFHQDPLHQWRGHPDWHULD
OHVSHOLJURVRV
$GTXLVLFLyQGHOGHWHFWRU´PXOWL
JDVVHULHµTXHSXHGHGH
WHFWDUJDVHVVLPXOWiQHDPHQ
WHSRUODVXPDGH%
\ GRV ´OXPLQyPHWURVµ SRU OD
VXPDGH%
0HGLFLyQ GH JDVHV HQ ORV OD
ERUDWRULRV GH OD )DFXOWDG GH
&LHQFLDV1DWXUDOHV([DFWDV\
7HFQRORJtD
6H FXHQWD FRQ XQD ´ELWiFRUDµ
DFHUFDGHORVQLYHOHVGHFRQ
WDPLQDFLyQHQORVODERUDWRULRV
GH&LHQFLDV 1DWXUDOHV ([DF
WDV\7HFQRORJtD
3DUWLFLSDFLyQ\FRODERUDFLyQSRUSDUWHGHOUHFWRU*XVWDYR*DUFtDGH3DUHGHVGXUDQWHHOHMHUFLFLRUHDOL]DGRSRUGR
LQYHQWDULRGHPDWHULDOHVSHOLJURVRVGHOiUHDGHGRQDFLRQHVGHODOPDFpQGHUHDFWLYRV
5(1',&,Ð1'(&8(17$6
6HPLQDULR7DOOHU´0DQHMRVHJXULGDG\GLVSRVLFLyQGHPDWHULDOHVSHOLJURVRVµ
3UR\HFWR0HWD5HVXOWDGR
$GTXLVLFLyQ GH HTXLSRV \
DSDUDWRV VHJXULGDG ,QGLYL
GXDOSDUDPLQLPL]DUHOULHVJR
GHO SHUVRQDO GH OD 8QLYHUVL
GDGGH3DQDPi
2UGHQDPLHQWR VLVWHPiWLFR
SDUD OD DGTXLVLFLyQ GH PD
WHULDOHV H LQVXPRV GH VHJX
ULGDGFROHFWLYDHLQGLYLGXDO
&RPSUD GH HTXLSR HVSHFLDOL
]DGRSRUOD)DFXOWDGGH&LHQ
FLDV1DWXUDOHV([DFWD\7HFQR
ORJtDOD)DFXOWDGGH)DUPDFLD
',6*$ HQWUH RWURV SRU OD
VXPDGH%GHER
WDVJXDQWHVGHFXHURJXDQWHV
GHQHRSUHQREDWDVRYHUROHV
JDIDVHQWUHRWURV
3URSRUFLRQDUHTXLSRVGHHV
WHULOL]DFLyQDORVODERUDWRULRV
&RPSUD H LQVWDODFLyQ GH WUHV
DXWRFODYHV &OtQLFD 8QLYHUVL
WDULD&,0(7(VFXHODGH%LR
ORJtD)$&,1(73RUXQPRQWR
GH%
&RQWDU ORV HTXLSRV QHFHVD
ULRVSDUDHPEDODMHPRYLOL]D
FLyQ\WUDQVSRUWHGHPDWHULD
OHVSHOLJURVRV
$GTXLVLFLyQGHGRVSDOHWDV
PRQWDFDUJDV FXDWUR FDUUH
WLOODV GRV HVFDOHUDV \ YHLQWH
WDPERUHV SOiVWLFRV FDS JDOSDUDHOWUDVODGRVHJXURGH
PDWHULDOHV SHOLJURVRV SRU OD
VXPDGH%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$VLVWHQFLD WpFQLFD \ HTXLSD
PLHQWRGHODERUDWRULRVGHLQ
YHVWLJDFLyQFLHQWtÀFD
&RQWDU FRQ HTXLSRV \ VRIW
ZDUHSDUDODLQYHVWLJDFLyQHQ
]RRWHFQLD GH OD )DFXOWDG GH
&LHQFLDV$JURSHFXDULDV
6HLQYLUWLHURQ%HQ
OD DGTXLVLFLyQ GH FiPDUDV GL
JLWDOHVUHIULJHUDGRUDVPLFURV
FRSLRHVWDFLRQHVGHWUDEDMR\
VRIWZDUH SRUFLQR ~WLO SDUD OD
LQYHVWLJDFLyQ HQ ]RRWHFQLD GH
OD)DFXOWDGGH&LHQFLDV$JUR
SHFXDULDV
7DOOHUSDUDODHODERUDFLyQGH
SROtWLFDVVREUHXVR0DQHMR\
&RQWURO GH 0DWHULDOHV 3HOL
JURVRV
&RQWDUFRQSROtWLFDVTXHQRU
PHQODJHVWLyQGHPDWHULDOHV
SHOLJURVRV FRQWURO GH GRQD
FLRQHV\FRPSUDGHLQVXPRV
SRU SDUWH GH OD 8QLYHUVLGDG
GH3DQDPi
'RFXPHQWRGHSROtWLFDVHQSUR
FHVRGHUHYLVLyQ\YDOLGDFLyQ
*XtD GH 6HJXULGDG H +LJLHQH
HODERUDGDHQSURFHVRGHSX
EOLFDFLyQ
&RQWDUFRQXQD*XtDGH6H
JXULGDG H +LJLHQH SDUD iUHD
GH PDQHMR \ JHVWLyQ GH PD
WHULDOHVSHOLJURVRV
5HXQLRQHVSUHSDUDWRULDVSDUDHOSURFHVRGHOLPSLH]DFODVLÀFDFLyQ\HPSDTXHGHOPDWHULDOSHOLJURVRGHODIDFXOWDGGH
&LHQFLDV1DWXUDOHV([DFWDV\7HFQRORJtD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(VWDEOHFHU PHFDQLVPR GH
UHVSRQVDELOLGDG ODERUDO XQL
YHUVLWDULDIUHQWHDOPDQHMRGH
PDWHULDOHVSHOLJURVRV
&RQWDUFRQXQVHJXURFROHF
WLYRGHDFXHUGRDORVQLYHOHV
GHULHVJRV
&UHDFLyQ GH XQ LQVWUXPHQWR
SDUD OD UHFROHFFLyQ GH GDWRV
GH DFXHUGR D ORV QLYHOHV GH
ULHVJRGHORVIXQFLRQDULRVGHOD
8QLYHUVLGDGGH3DQDPi
%DVHGHGDWRVFRQODFDUDFWHUL
]DFLyQGHORVQLYHOHVGHULHVJR
VHJ~QWLSRGHLQVWDODFLyQ
'RFXPHQWDUODVH[SHULHQFLDV
GH IXQFLRQDULRV H[SXHVWRV D
ORV PDWHULDOHV SHOLJURVRV GH
OD8QLYHUVLGDGGH3DQDPi
(YLGHQFLDU ORV KDOOD]JRV
DFHUFD GH ODV H[SHULHQFLDV
HQFRQWUDGDV HQ OD 8QLYHUVL
GDGGH3DQDPi
3URGXFFLyQ GH DXGLR \ YLGHR
DFHUFDGHODVH[SHULHQFLDVGH
ORV IXQFLRQDULRV H[SXHVWRV D
ORVPDWHULDOHVSHOLJURVRVGHOD
8QLYHUVLGDGGH3DQDPi
3DUWLFLSDFLyQYROXQWDULDGHORV
FRPSDxHURV HQ OD GUDPDWL
]DFLyQ SDUD OD SURGXFFLyQ GHO
9LGHR
'LYXOJDFLyQGHPDWHULDOHGX
FDWLYR H LQIRUPDWLYR VREUH HO
PDQHMR DGHFXDGR GH PDWH
ULDOHVSHOLJURVRV
&UHDU FRQFLHQFLD VREUH ODV
DFFLRQHV GH UHGXFFLyQ GH
ULHVJRHQHOPDQHMRGHPDWH
ULDOHVSHOLJURVRV
(ODERUDFLyQ GH ´SyVWHU
HGXFDWLYRµ
'LVHxRPHWRGROyJLFRSDUDOD
FDSDFLWDFLyQGHORVIXQFLRQD
ULRV GRFHQWHV \ HVWXGLDQWHV
GH DFXHUGR D ORV QLYHOHV GH
ULHVJR GH OD 8QLYHUVLGDG GH
3DQDPi
3ODQLÀFDU \ SURJUDPDU GRV
6HPLQDULR 7DOOHU VREUHµ
0DQHMR 6HJXULGDG \ 'LVSR
VLFLyQGH0DWHULDOHV3HOLJUR
VRVµ
3UHSDUDFLyQ GH FRQWHQLGRV
DFDGpPLFRV \ WpFQLFRV GH
RQFHHVSHFLDOLVWDVHQ5LHVJR\
0DWHULDOHV3HOLJURVRV
6H FDSDFLWDURQ D FLQFXHQWD
IXQFLRQDULRV GH ODV ID
FXOWDGHV \ XQLGDGHV DGPLQLV
WUDWLYDV GH GH %HOODV $UWHV
2GRQWRORJtD &LHQFLDV 1DWX
UDOHV ([DFWDV \ 7HFQROyJLFD
&LHQFLDV$JURSHFXDULDV0HGL
FLQDOD,PSUHQWD8QLYHUVLWDULD
'LUHFFLyQ GH 6DOXG \ *HVWLyQ
$PELHQWDO
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
5HDOL]DU XQ RUGHQDPLHQWR
FLHQWtÀFRDFHUFDGHODVGRQD
FLRQHVGHPDWHULDOHVSHOLJUR
VRVUHFLELGRVSRUOD8QLYHUVL
GDGGH3DQDPi
5HDOL]DU XQ LQYHQWDULR GH LQ
VXPRVSHOLJURVRV\UHDFWLYRV
GRQDGRVSRUGLIHUHQWHVLQVWL
WXFLRQHVGHOHVWDGRDOD8QL
YHUVLGDGGH3DQDPi
6H FXHQWD FRQ XQD EDVH GH
GDWRV GH XQLGDGHV
DFHUFD GH PDWHULDOHV SHOLJUR
VRV GRQDGRV SRU OD &DMD GH
6HJXUR 6RFLDO /DERUDWRULR
&RQPHPRUDWLYR*RUJDV+RV
SLWDO6DQWR7RPiV0LQD6DQWD
5RVD ODERUDWRULRV SULYDGRV
HQWUHRWURV
(ODERUDFLyQ GH SURWRFRORV
DFHUFD GHO 3URFHGLPLHQWR
GH 2SHUDFLyQ 1RUPDOL]DGRV
SDUDOD*HVWLyQGH0DWHULDOHV
3HOLJURVRV
&RQWDU FRQ XQ GRFXPHQWR
DFHUFD GHO 3URFHGLPLHQWR
GH2SHUDFLyQ1RUPDOL]DGRV
SDUD OD PRYLOL]DFLyQ FODVLÀ
FDFLyQ LQYHQWDULR HPEDODMH
\ WUDQVSRUWH GH ODV VXVWDQ
FLDV TXtPLFDV XELFDGDV HQ
HO$OPDFpQGHOD)DFXOWDGGH
&LHQFLDV 1DWXUDOHV ([DFWDV
\7HFQRORJtD
'RFXPHQWRHODERUDGRSDUDHO
SURFHGLPLHQWR GH RSHUDFLyQ
PRYLOL]DFLyQ FODVLÀFDFLyQ LQ
YHQWDULRHPEDODMH\WUDQVSRUWH
GHODVVXVWDQFLDVTXtPLFDV
5HDOL]DU FDSDFLWDFLyQ SUiF
WLFD HVSHFLDOL]DGD SDUD OD
HMHFXFLyQ GH ORV WUDEDMRV GH
LQYHQWDULRGHSURGXFWRVSHOL
JURVRV
'HVDUUROORGHOSULPHUWDOOHUVR
EUHVLPXODFURSDUDHOWUDVODGR
GHSURGXFWRVSHOLJURVRV
,QYHQWDULR FODVLÀFDFLyQ \
HPEDODMH GH SURGXFWRV SH
OLJURVRV XELFDGRV HQ HO $O
PDFpQ GH OD )DFXOWDG GH
&LHQFLDV 1DWXUDOHV ([DFWDV
\7HFQRORJtD
0RYLOL]DFLyQ OLPSLH]D GH HQ
YDVHVFODVLÀFDFLyQ\VHJUH
JDFLyQ GH SURGXFWRV
TXtPLFRVSHOLJURVRV
(VWH GRFXPHQWR HV HO UHVXO
WDGR GH ODV H[SHULHQFLDV GHO
3URI 'DUtR 0HQGR]D 3URI
5HQp$UD~]/HRQDUGR/DPRWK
\2UODQGR/HRQH
IXQFLRQDULRV GH OD IDFXOWDG
GH&LHQFLDV1DWXUDOHV([DF
WDV \ 7HFQRORJtD FDSDFLWDGRV
HQHOPDQHMRGHSURGXFWRVSH
OLJURVRV
FDMDVGHFDUWyQGHELGDPHQ
WHLGHQWLÀFDGDVFRQQRPEUHGH
VXVWDQFLD FyGLJR GHWUDQVSRU
WH1ƒ~QLFR1ƒGHLGHQWLÀFDFLyQ
GHUHDFWLYRTXtPLFR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
%DVHGHGDWRVGLJLWDOKRMDGH
VHJXULGDGGHFDGDSURGXFWR\
DFWDV GH LQYHQWDULR UHIUHQGD
GDVSRU$XGLWRUtD,QWHUQDGHOD
8QLYHUVLGDGGH3DQDPi
3URJUDPD GH ,QVSHFFLRQHV
HQiUHDVHQGRQGHVHPDQH
MDUHDFWLYRVTXtPLFRV
$FWXDOL]DU\FDSDFLWDUDOSHU
VRQDOTXHPDQHMDSURGXFWRV
TXtPLFRVGHGLIHUHQWHVIDFXO
WDGHV\GHSDUWDPHQWRV
$VHVRUtDDOD)DFXOWDGGH)DU
PDFLD\VXHTXLSRGHWUDEDMR
SDUD OD 0RYLOL]DFLyQ OLPSLH]D
GH HQYDVHV FODVLÀFDFLyQ \
VHJUHJDFLyQGHSURGXFWRVTXt
PLFRVSHOLJURVRV
$VHVRUtDD7HFQRORJtD(GXFD
WLYD SDUD OD PDQLSXODFLyQ GH
DFHWDWRVGHWHULRUDGRV\VXGLV
SRVLFLyQÀQDO
$VHVRUtDDOD,PSUHQWD8QLYHU
VLWDULD
/LPSLH]D\DGHFXDFLyQGHOEXQNHUSDUDHOWUDVODGRGHOPDWHULDOSHOLJURVRGHOD8QLYHUVLGDGGH3DQDPi
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDFLyQHQHOXVR\PD
QHMRGHH[WLQWRUHV
)RUPDU D ORV FRODERUDGRUHV
GH OD ',*(3/$8 VREUH GL
IHUHQWHV WLSRV GH H[WLQWRUHV
VXV XVRV \ PDQLSXODFLyQ HQ
WLHPSRRSRUWXQR
IXQFLRQDULRV FDSDFLWDGRV
HQHOXVRGHORVH[WLQWRUHV
%~VTXHGD\XELFDFLyQGHXQ
OXJDUSDUDHODOPDFHQDPLHQ
WR GH PDWHULDOHV SHOLJURVRV
GH OD 8QLYHUVLGDG GH 3DQD
Pi
&RQWDUFRQXQORFDOGHDOPD
FHQDPLHQWR GH PDWHULDOHV
SHOLJURVRV VHJXUR SDUD PL
QLPL]DU HO ULHVJR \ SUHYHQLU
GHVDVWUHV
&RQYHQLRHQWUHOD8QLYHUVLGDG
GH 3DQDPi \ HO 0LQLVWHULR GH
6HJXULGDG 3~EOLFD SDUD OD
UHDOL]DFLyQ GH HVIXHU]RV FRQ
MXQWRV TXH FRQWULEX\DQ D XQD
PD\RU VHJXULGDG HQ HO DOPD
FHQDPLHQWRGHPDWHULDOHVSH
OLJURVRV GH OD 8QLYHUVLGDG GH
3DQDPi
&RQFHVLyQ SRU SDUWH GHO 0L
QLVWHULR GH 6HJXULGDG 3~EOLFD
GHXQEXQNHUFRQXQiUHDGH
GRVFLHQWRV PHWURV FXDGUDGRV
P HQ XQ SHUtPHWUR GH
PFRQFHUFDSHULPHWUDO
HLOXPLQDFLyQORFDOL]DGRHQHO
GLVWULWR GH $UUDLMiQ VHFWRU GH
&RFROtORFDOLGDGGH+RURNR
3UR\HFWRV(VSHFLDOHV
3UR\HFWR0HWD5HVXOWDGR
7(/(6&23,5HGGH2EVHU
YDWRULRVGH%XHQDV3UiFWLFDV
GH'LUHFFLyQ(VWUDWpJLFD8QL
YHUVLWDULD
3ULPHU 6HPLQDULR 1DFLRQDO
GHOD´5HGGH2EVHUYDWRULRV
GH %XHQDV 3UiFWLFDV GH 'L
UHFFLyQ (VWUDWpJLFD 8QLYHU
VLWDULD HQ $PpULFD /DWLQD \
(XURSDµ
&RQVWLWXFLyQ GHO 2EVHUYDWRULR
1DFLRQDOGH%XHQDV3UiFWLFDV
GH 'LUHFFLyQ (VWUDWpJLFD 8QL
YHUVLWDULD DYDODGR SRU GRFH
XQLYHUVLGDGHVSDUWLFXODUHV
\ODVFLQFRRÀFLDOHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RUUHVSRQGH DO 3XQWR GHO 3ODQ (VWUDWpJLFR 3DUWL
FLSDQGR HQ ORV 2UJDQLVPR
5HJLRQDOHVH,QWHUQDFLRQDOHV
DWUDYpVGHODVUHGHVHGXFD
WLYDV
3ULPHU 6HPLQDULR 1DFLRQDO
GHOD´5HGGH2EVHUYDWRULRV
GH %XHQDV 3UiFWLFDV GH 'L
UHFFLyQ (VWUDWpJLFD 8QLYHU
VLWDULD HQ $PpULFD /DWLQD \
(XURSDµ
(O PLVPR VH GHVDUUROOD HQ HO
PDUFR GHO 3URJUDPD $/)$
TXH HV XQD UHG LQWHUQDFLRQDO
GHREVHUYDWRULRVGH'LUHFFLyQ
(VWUDWpJLFD 8QLYHUVLWDULD SDUD
VHOHFFLRQDU\GLIXQGLUSUiFWLFDV
TXH LQFUHPHQWHQ OD FDOLGDG
\ OD SHUWLQHQFLD DVt FRPR OD
FRODERUDFLyQ LQWHUXQLYHUVLWDULD
HQWUH(XURSD\$PpULFD/DWLQD
(O2EVHUYDWRULR1DFLRQDOWLHQH
VX VHGH HQ OD 8QLYHUVLGDG GH
3DQDPi
3UHVHQWDFLyQ GH OD 5HQGLFLyQ
GH FXHQWDV FRPR XQ
HMHPSOR GH EXHQDV SUiFWLFDV
GHOD8QLYHUVLGDGGH3DQDPi
'DU D FRQRFHU ODV EXHQDV
SUiFWLFDVGHOD8QLYHUVLGDGGH
3DQDPiDQLYHOLQWHUQDFLRQDO
(Q HO PDUFR GHO 3UR\HFWR7H
OHVFRSL FRQIRUPDGR SRU XQLYHUVLGDGHVGH$PpULFD/D
WLQD\GH(XURSDOD&iWHGUD
81(6&2GH'LUHFFLyQ8QLYHU
VLWDULD GH OD 8QLYHUVLGDG 3R
OLWpFQLFD GH &DWDOXxD LQIRUPy
D OD 8QLYHUVLGDG GH 3DQDPi
TXHFRPRUHVXOWDGRGHODHYD
OXDFLyQ GH ODV SURSXHVWDV
SUHVHQWDGDV SRU ODV XQLYHU
VLGDGHV VRFLDV GH 7HOHVFRSL
OD ´5HQGLFLyQ GH &XHQWDV GHO
5HFWRU D OD 6RFLHGDG 3DQD
PHxDµIXHVHOHFFLRQDGDFRPR
XQD%XHQD3UiFWLFD\ODPLVPD
VHUiSUHVHQWDGDHQHO6HJXQ
GR 6HPLQDULR ,QWHUFRQWLQHQWDO
GHOD5HGGH2EVHUYDWRULRVGH
%XHQDV3UiFWLFDVGH'LUHFFLyQ
(VWUDWpJLFD 8QLYHUVLWDULD GH
$PpULFD/DWLQD\(XURSDTXH
WHQGUiOXJDUHQOD8QLYHUVLGDG
GH&DPSLQDV%UDVLOHQRFWX
EUHGH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6H WUDQVFULEH HO FRPHQWDULR
GHO FRPLWp HYDOXDGRU D QXHV
WUD SURSXHVWD ´(V H[FHOHQWH
SRUTXHHVXQDSUiFWLFDTXHQR
ODKDFHQDGLHTXHDQRVRWURV
QRVFRQVWH\DGHPiVFRQHVWD
VROHPQLGDG\UHSHUFXVLyQPH
GLiWLFDµ
$VHVRUtDD,QVWLWXFLRQHV
(ODERUDFLyQGHO3ODQ(VWUDWp
JLFR GHO %HQHPpULWR &XHUSR
GH %RPEHURV GH OD 5HS~EOL
FDGH3DQDPi
6H GLVHxy HQ VX WRWDOLGDG HO
3ODQ(VWUDWpJLFRDFLQFRDxRV
GHO %HQHPpULWR &XHUSR GH
%RPEHURVGHOD5HS~EOLFDGH
3DQDPi
2EVHUYDWRULR2FXSDFLRQDO
3UR\HFWR0HWD5HVXOWDGR
(VWLPDFLyQ GH ORV JDVWRV
SDUD ORV HVWXGLDQWHV GH ODV
FDUUHUDV TXH RIUHFH OD 8QL
YHUVLGDGGH3DQDPi
&RQRFHU HO JDVWR SURPHGLR
SDUD ORV HVWXGLDQWHV GH ODV
FDUUHUDV TXH VH GLFWDQ HQ
OD 8QLYHUVLGDG GH 3DQDPi
&$0386
,QIRUPHWHUPLQDGR
6LVWHPDGH,QGLFDGRUHV
3URSXHVWDGHXQVLVWHPDGH
LQGLFDGRUHV
,QIRUPHWHUPLQDGR
(VWXGLR GH *UDGXDGRV GH
OD 8QLYHUVLGDG GH 3DQDPi
FRUUHVSRQGLHQWH D ORV DxRV
,QIRUPHV GHO 3HUÀO GH *UD
GXDGRVGHODV)DFXOWDGHVGH
$GPLQLVWUDFLyQ GH (PSUH
VDV0HGLFLQD\(QIHUPHUtD
,QIRUPHWHUPLQDGR
(VWXGLR GH *UDGXDGRV GH OD
8QLYHUVLGDG GH 3DQDPi FR
UUHVSRQGLHQWHDODxR
$QiOLVLVGHHQFXHVWDUHDOL]D
GDVDORVJUDGXDGRVGHODxR
GH WRGDV ODV FDUUHUDV
TXH GLFWD OD 8QLYHUVLGDG GH
3DQDPi WDQWR D QLYHO WpF
QLFR FRPR GH OLFHQFLDWXUD
$YDQFHGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(Q DGLFLyQ VH LQFOX\HQ ORV
&HQWURV 5HJLRQDOHV GH OD
FDUUHUDV GH ODV )DFXOWDGHV
GH (FRQRPtD (GXFDFLyQ
2GRQWRORJtD
(QIHUPHUtD
&LHQFLDV 1DWXUDOHV \ 7HFQR
ORJtD ,QIRUPiWLFD (OHFWUyQL
FD\&RPXQLFDFLyQ)DUPD
FLD &RPXQLFDFLyQ 6RFLDO
%HOODV $UWHV &LHQFLDV $JUR
SHFXDULDV3VLFRORJtD'HUH
FKR$UTXLWHFWXUD\0HGLFLQD
9HWHULQDULD
,QYHVWLJDFLyQ DFHUFD GH ORV
HVWDPHQWRV
XQLYHUVLWDULRV
VREUH ORV 6HUYLFLRV 7HFQROy
JLFRV 7,&6 TXH RIUHFH OD
8QLYHUVLGDGGH3DQDPi
,QIRUPH GH RSLQLyQ GH ORV
WUHVHVWDPHQWRV
,QIRUPHWHUPLQDGR
&RQRFHU ORV SULQFLSDOHV SUR
EOHPDV GH ORV &HQWURV 5H
JLRQDOHV GH /RV 6DQWRV \
$]XHUR
,QIRUPHVREUHODVSULQFLSDOHV
GLÀFXOWDGHV GH ORV &HQWURV
5HJLRQDOHV GH /RV 6DQWRV \
HO&HQWUR5HJLRQDOGH$]XH
UR
,QIRUPHWHUPLQDGR
5HDOL]DFLyQ GH HVWXGLR GH
FRKRUWH GH HÀFLHQFLD LQWHUQD
GHOD)DFXOWDGGH(QIHUPHUtD
(VWXGLR GH FRKRUWHV SDUD ORV
DxRV\HQHO
&DPSXV&HQWURV5HJLRQDOHV
\([WHQVLRQHV8QLYHUVLWDULDV
,QIRUPHWHUPLQDGR
)RQGRVGH*HVWLyQ,QVWLWXFLRQDO$XWRJHVWLyQ
3UR\HFWR0HWD5HVXOWDGR
$QWHSUR\HFWRGH3UHVXSXHV
WRGH$XWRJHVWLyQ
$QWHSUR\HFWRGH3UHVXSXHV
WRGH$XWRJHVWLyQ
6HUHDOL]DURQODVHYD
OXDFLRQHV \ UHFRPHQGDFLRQHV
GHORVPLVPRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)RUPXODFLyQGHODV(VWUXFWX
UDVGH3HUVRQDO
)RUPXODFLyQ GH ODV (VWUXFWX
UDV GH ODV 8QLGDGHV (MH
FXWRUDV7UHV(VWUXFWXUDV
‡ &RQWLQJHQWH
‡ 2WURV6REUHVXHOGRV
‡ 6HUYLFLRV(VSHFLDOHV
6HFUHDURQDWUDYpVGH
OD KHUUDPLHQWD GH ([FHO ODV
HVWUXFWXUDV GH SHUVRQDO FRQ
WLQJHQWH RWURV VREUHVXHOGRV
\ VHUYLFLRV HVSHFLDOHV SDUD
FXPSOLU FRQ OD SURJUDPDFLyQ
HVWDEOHFLGDSRUHO0LQLVWHULRGH
(FRQRPtD\)LQDQ]DV
0HQVXDOL]DFLyQ GH ,QJUHVRV
\*DVWRV
8QLGDGHV(MHFXWRUDV
6HLPSOHPHQWDURQPH
FDQLVPRV GH FRQWURO LQWHUQRV
SDUDHODQiOLVLV\UHFRPHQGD
FLyQGHORV)OXMRVGH(IHFWLYR
0HQVXDOL]DFLyQ GH ,QJUHVRV
\*DVWRV
8QLGDGHV(MHFXWRUDV
6HHVWDUiSUHVHQWDQGRGXUDQ
WHHOPHVGHDJRVWRODFLUFXODU
SDUDVROLFLWDUODLQIRUPDFLyQUH
TXHULGDDFDGDXQDGHODV8QL
GDGHV(MHFXWRUDV\DTXHHVWH
LQIRUPHGHEHSUHVHQWDUVHDO0
()GXUDQWHHOPHVGH2FWXEUH
(MHFXFLyQ3UHVXSXHVWDULDGH
JDVWRV
'H-XOLRD'LF²
‡ &RPSURPHWLGR
‡ 'HYHQJDGR
‡ 3DJDGR
6HHYDOXDURQODVVLWXD
FLRQHV )LQDQFLHUDV GH ODV 8QLGDGHV(MHFXWRUDV
'H(QHURD-XQLR²
‡ &RPSURPHWLGR
‡ 'HYHQJDGR
‡ 3DJDGR
6H HVWiQ HYDOXDQGR \
DQDOL]DQGRODV6LWXDFLRQHV)L
QDQFLHUDVGHFDGD8QLGDG(MH
,QIRUPH GH 5HFDXGDFLyQ GH
,QJUHVRV\(YDOXDFLyQGHORV
)OXMRVGH(IHFWLYR
8QLGDGHV(MHFXWRUDV
6H KDQ HYDOXDQGR \
DQDOL]DQGRORV)OXMRVGH(IHF
WLYRGHFDGD8QLGDG(MHFXWRUD
0DQHMRGHO3UHVXSXHVWR0R
GLÀFDGR &UpGLWRV $GLFLRQD
OHV,QWHUQRV 7UDVODGRV GH
3DUWLGDV GH *DVWRV \ 5HGLV
WULEXFLRQHVGH6DOGRV
'H-XOLRD'LF²
‡ 7UDVODGRVGH3DUWLGD
‡ &UpGLWRV,QWHUQRVSRU
‡ %
6HUHFLELHURQDQDOL]D
URQUHFRPHQGDURQUHPLWLHURQ
\ IXHURQ DSUREDGDV SRU HO 0
( ) ODV VROLFLWXGHV SUHVHQWD
GDVSRUODV8QLGDGHV(MHFXWR
UDV
5(1',&,Ð1'(&8(17$6
'H(QHURD-XQLR²
‡ 7UDVODGRVGH3DUWLGD
SRU%
‡ ²&UpGLWRV ,QWHUQRV
SRU%
‡ ²,QYHUVLRQHVSRU%
‡
‡
(MHFXFLyQGHODV(VWUXFWXUDV
GH 3HUVRQDO &RQWLQJHQWH
2WURV 6REUHVXHOGRV \ &RQ
WUDWDFLRQHV'RFHQWHV
6HKDQDQDOL]DGRUH
FRPHQGDGR UHPLWLGR \ HVWiQ
VLHQGRDSUREDGDVSRUHO0(
) ODV VROLFLWXGHV SUHVHQWDGDV
KDVWD OD IHFKD SRU ODV 8QLGD
GHV(MHFXWRUDV
5HGLVWULEXFLR
QHV GH 6DOGRV SRU
%
,QYHUVLRQHV SRU
%
'H-XOLRD'LF²
‡ ² 3HUVRQDO &RQWLQ
JHQWH
‡ ²2WURV6REUHVXHOGRV
3URUURJDVSDUDHO
‡ ²3HUVRQDO&RQWLQJHQWH
‡ ²2WURV6REUHVXHOGRV
6HHYDOXDURQWUDPLWD
URQ\UHJLVWUDURQHQHOVLVWHPD
GHHVWUXFWXUDVGHDXWRJHVWLyQ
ODVVROLFLWXGHVGHDFFLRQHVGH
SHUVRQDO &RQWLQJHQWH 2WURV
6REUHVXHOGRV\3URUURJDV
² &RQWUDWDFLRQHV 'R
FHQWHV SRU 6HUYLFLRV (VS
&RUULHQWHV \ 9LJHQFLDV ([
SLUDGDV
(MHFXFLyQ GHO 3URFH
GLPLHQWR SDUD OD &RQWUDWDFLyQ
'RFHQWH D WUDYpV GH ORV )RQ
GRVGH$XWRJHVWLyQDSUREDGR
SRU &RQVHMR $GPLQLVWUDWLYR
1RMXOLR
'H(QHURD-XQLR²
²3HUVRQDO&RQWLQJHQWH
²2WURV6REUHVXHOGRV
6HHYDOXDGRWUDPLWDGR
\ UHJLVWUDGR HQ HO VLVWHPD GH
HVWUXFWXUDVGHDXWRJHVWLyQODV
VROLFLWXGHVGHDFFLRQHVGHSHU
VRQDOTXHQRVKDQSUHVHQWDGR
DODIHFKD&RQWLQJHQWH2WURV
6REUHVXHOGRV\3URUURJDV
3URUURJDV²GR6HPHVWUH
²3HUVRQDO&RQWLQJHQWH
²2WURV6REUHVXHOGRV
² &RQWUDWDFLRQHV 'R
FHQWHV SRU 6HUYLFLRV (VS
&RUULHQWHV \ 9LJHQFLDV ([
SLUDGDV
(MHFXFLyQ GHO 3URFHGL
PLHQWR SDUD OD &RQWUDWDFLyQ
'RFHQWH D WUDYpV GH ORV )RQ
GRVGH$XWRJHVWLyQDSUREDGR
SRU&RQVHMR$GPLQLVWUDWLYR1R
MXOLR \D TXH QR
KD LQLFLDGR HO SHUtRGR IXHUWH
VHJ~QODLQIRUPDFLyQH[SUHVD
GD SRU OD 9LFHUUHFWRUtD GH ,Q
YHVWLJDFLyQ\3RVWJUDGR
81,9(56,'$''(3$1$0É
'LUHFFLyQGH,QIRUPDFLyQ\5HODFLRQHV3~EOLFDV
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD+DFLD/D/X]
3URGXFFLyQ GH XQ SURJUDPD
VHPDQDO FRQ GRV UHWUDQVPL
VLRQHV
6HKDQSURGXFLGRSURJUD
PDV
3URJUDPDFLyQ5DGLDOSURGX
FLGDHQ5DGLR6WHUHR8QLYHU
VLGDG
SURJUDPDVVHPDQDOHV
6H KDQ SURGXFLGR SUR
JUDPDV
&REHUWXUDVSHULRGtVWLFDV
&XEULU WRGDV ODV DFWLYLGDGHV
FLHQWtÀFDV FXOWXUDOHV DFD
GpPLFDV \ GHSRUWLYDV TXH
VH UHDOL]DQ HQ HO &DPSXV
&HQWURV5HJLRQDOHV\([WHQ
VLRQHV
&XEULU WRGDV ODV DFWLYLGDGHV
IRWRJUiÀFDV TXH VH UHDOL]DQ
HQ HO &DPSXV &HQWURV 5H
JLRQDOHV8QLYHUVLWDULRV\([
WHQVLRQHV'RFHQWHV
6HKDQFXELHUWRDFWLYLGD
GHVDQLYHOQDFLRQDO
&REHUWXUDVIRWRJUiÀFDV
&REHUWXUDV GH DFWLYLGD
GHV
&RQYHQLRHQWUHOD8QLYHUVLGDGGH3DQDPi8QLYHUVL (QFXHQWURGHPXMHUHVHPSUHQGHGRUDV
GDG7HFQROyJLFD8QLYHUVLGDG/DWLQD\OD$VRFLDFLyQ
3DQDPHxDGH3HTXHxD\0HGLDQD(PSUHVD
5(1',&,Ð1'(&8(17$6
9LVLWDGHO5HSUHVHQWDQWHGHO&RUUHJLPLHQWRGH-XDQ'tD]
9LVLWDGHUHSUHVHQWDQWHVGHOD8QLYHUVLGDGGH*UDQDGD
3UR\HFWR0HWD5HVXOWDGR
3URGXFFLyQGHDXGLR\YLGHR
3URGXFFLyQGHDXGLR\YLGHR
SDUDFREHUWXUDVSHULRGtVWLFDV
\GHUHODFLRQHVS~EOLFDVSDUD
GLIHUHQWHVSURJUDPDV
3URGXFFLyQ GH WUDEDMRV
GHDXGLR\YLGHRSDUDFREHU
WXUDVSHULRGtVWLFDV\GHUHOD
FLRQHVS~EOLFDVDVtFRPR
DXGLRV GH YLGHRV SDUD SUR
JUDPDVGH79
3iJLQD:(%
$FWXDOL]DFLyQ GH OD SiJLQD
:(% GH WRPDV \ YLGHRV GHO
DFRQWHFHUXQLYHUVLWDULR
VHPDQDV FRQWLQXDV HQ
OD DFWXDOL]DFLyQ GH IRWRV YL
GHRV H LQIRUPDFLRQHV GH ODV
DFWLYLGDGHVXQLYHUVLWDULD
'LYXOJDFLyQGHODRIHUWDDFD
GpPLFD
&RRUGLQDU HQWUHYLVWDV DVt
FRPR UXHGDV GH SUHQVD HQ
ORVPHGLRVGHFLUFXODFLyQQD
FLRQDO
HQWUHYLVWDVHQORVGLIHUHQ
WHV PHGLRV \ UXHGDV GH
SUHQVD
&RRUGLQDFLyQ3UR\HFWRGH
'LFLHPEUH
&RRUGLQDFLyQ GH WRGDV ODV
DFWLYLGDGHV GHO 3UR\HFWR GH'LFLHPEUH
UHXQLRQHVGHFRRUGLQDFLyQ
FRQ OD -XQWD &RPXQDO GH OD
GH'LFLHPEUHVREUHDFWL
YLGDGHV SURJUDPDGDV D GH
VDUUROODUDFWDVGHUHXQLR
QHV QRWDV GH SUHQVD \
QRWLFLDVUHGDFWDGDV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
'LYXOJDFLyQ GH ODV DFWLYLGD
GHV TXH UHDOL]D OD 8QLYHUVL
GDG D WUDYpV GH ORV PHGLRV
GHFRPXQLFDFLyQ
$WHQGHUFRPRVHFUHWDUtDWpF
QLFD ODV UHXQLRQHV TXH OOHYD
D FDER OD &RPLVLyQ HQYLDU
QRWDVDORVPHGLRV
6HHQYLDURQDORVPHGLRVWR
GDVODVQRWDVTXHVHJHQHUD
URQSDUDGLYXOJDUODVDFWLYLGD
GHVGHODXQLYHUVLGDG
0RQLWRUHRGHORVPHGLRVLP
SUHVRV
(QWUHJDGLDULDGHORVPRQLWR
UHRVDO6HxRU5HFWRU
UHV~PHQHV GH ODV QRWL
FLDVUHODFLRQHVDOD8QLYHUVL
GDGGH3DQDPi
'LYXOJDFLyQ GH ORV 3URJUD
PDVGH0RYLOLGDG(VWXGLDQWLO
3UHVHQWDUSURJUDPDVGHPR
YLOLGDGHVWXGLDQWLODORVHVWX
GLDQWHV GH 3UHJUDGR GH OD
8QLYHUVLGDGGH3DQDPi
6H LPSDUWLHURQ FKDUODV HQ
WUHJDGHSDQÁHWRVEURFKXUHV
\ YRODQWHV DVt FRPR QRWDV
HVFULWDVDOD9LFHUUHFWRUtDGH
$VXQWRV(VWXGLDQWLOHV
6HFHOHEUDURQFXDWURUHXQLR
QHV FRQ HVWXGLDQWHV 6LJPD
/DPEGDVREUHRULHQWDFLyQGH
RIHUWDVEHFDULDV
(QWUHJD GH XQ UHFRQRFLPLHQWR DO 6U 5HFWRU 'U *XVWDYR $FWLYLGDGGH&XOWXUD2UTXHVWDGH&iPDUDGHOD8QL
YHUVLGDG
*DUFtDGH3DUHGHV
5(1',&,Ð1'(&8(17$6
'LUHFFLyQGH&RRSHUDFLyQ,QWHUQDFLRQDO\$VLVWHQFLD7pFQLFD
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWRV$/)$,,,
&RQYRFDWRULDGHPDU]R
5HG (XUR &HQWURDPHULFDQD
SDUD OD 0HMRUD GH OD 6RVWH
QLELOLGDG\&DOLGDGGHODV0,
3<0(6
3DUWLFLSDFLyQ GH OD IDFXOWDG
GH$GPLQLVWUDFLyQGH(PSUH
VDV\&RQWDELOLGDG
6LVWHPD,QWHJUDOGHLQIRUPD
FLyQ VREUH ODV LQVWLWXFLRQHV
GH HGXFDFLyQ VXSHULRU GH
$PpULFD /DWLQD SDUD HO iUHD
FRP~Q GH HGXFDFLyQ VXSH
ULRUFRQ(XURSD
'LUHFFLyQ GH &RRSHUDFLyQ
,QWHUQDFLRQDO \ $VLVWHQFLD
7pFQLFDEHQHÀFLDGRGHOSUR
JUDPD
(VWUDWHJLD FRP~Q SDUD OD
FRQYHUJHQFLDFXUULFXODUHYD
OXDFLyQGHODFDOLGDG\DFUHGL
WDFLyQ FUpGLWRV DFDGpPLFRV
H LQYHVWLJDFLyQ GHVDUUROOR H
LQQRYDFLyQ D QLYHO (XURSD ²
$PpULFD/DWLQD
3DUWLFLSDFLyQGHOD'LUHFFLyQ
*HQHUDO GH 3ODQLÀFDFLyQ \
(YDOXDFLyQ8QLYHUVLWDULD
9LVLWDGHOD$OLDQ]D)UDQFHVD
81,9(56,'$''(3$1$0É
9LVLWDGHOD8QLYHUVLGDGGH&KLOH
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWRV$/)$,,,
&RQYRFDWRULDGHPDU]R
3DFWRSDUDOD,QQRYDFLyQ3,1
3DUWLFLSDFLyQGHOD'LUHFFLyQ
*HQHUDO GH 3ODQLÀFDFLyQ \
(YDOXDFLyQ8QLYHUVLWDULD
&RQRFLPLHQWR,QFOXVLyQ'HVD
UUROOR&,'
3DUWLFLSDFLyQ GHO ,QVWLWXWR
&HQWURDPHULFDQR GH $GPL
QLVWUDFLyQ\6XSHUYLVLyQGHOD
(GXFDFLyQ,&$6(
,GHD&XS
3DUWLFLSDFLyQGH'81,9(30
,5,6
3DUWLFLSDFLyQGHOD'LUHFFLyQ
GH &RRSHUDFLyQ ,QWHUQDFLR
QDO\$VLVWHQFLD7pFQLFD
3URPRFLyQ GH OD LQQRYDFLyQ
HGXFDWLYDPHGLDQWHDFFLRQHV
TXHSURSHQGDQDODLQFOXVLyQ
GHJUXSRVYXOQHUDEOHVHQODV
,(6 GH $PpULFD /DWLQD \ OD
&RPXQLGDG (XURSHD \ D VX
SRVWHULRULQVHUFLyQODERUDO
3DUWLFLSDFLyQ FRQ HO ,QVWLWXWR
&HQWURDPHULFDQR GH $GPL
QLVWUDFLyQ\6XSHUYLVLyQGHOD
(GXFDFLyQ,&$6(
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWRV$/)$,,,
&RQYRFDWRULDGHPDU]R
&XUULFXOXP&RQYHUJHQFH'HQ
WLWU\IRU$OO
3DUWLFLSD )DFXOWDG GH 2GRQ
WRORJtD
02%,/$&(
(QFRRSHUDFLyQFRQOD'LUHF
FLyQGH&RRSHUDFLyQ,QWHUQD
FLRQDO \$VLVWHQFLD 7pFQLFD²
)DFXOWDGGH2GRQWRORJtD
5HGGH2EVHUYDWRULRVGH%XH
QDV3UiFWLFDV(QHUJpWLFDVSDUD
$PpULFD/DWLQD\(XURSD
3DUWLFLSD 'LUHFFLyQ *HQHUDO
GH3ODQLÀFDFLyQ\(YDOXDFLyQ
8QLYHUVLWDULD
0DHVWUtD &HQWURDPHULFDQD
HQ &RQVHUYDFLyQ \ *HVWLyQ
GH&DOLGDGHQ$UTXLWHFWXUD
)DFXOWDGGH$UTXLWHFWXUD
,QQRYDFLyQHQOD(QVHxDQ]D
\ *HVWLyQ GH &DOLGDG HQ$U
TXLWHFWXUD
3DUWLFLSDFLyQ GH OD )DFXOWDG
GH$UTXLWHFWXUD
9LVLWDGHOD8QLYHUVLGDGGHO9DOOH&RORPELD
81,9(56,'$''(3$1$0É
9LVLWDGHOD8QLYHUVLGDGGH7H[DV
3UR\HFWR0HWD5HVXOWDGR
7XQQLQJ$PpULFD /DWLQD ,Q
QRYDFLyQ(GXFDWLYD\6RFLDO
3DUWLFLSDFLyQ GH OD )DFXOWDG
GH$UTXLWHFWXUD
3URJUDPD3,0$²2(,
0RYLOL]DUHVWXGLDQWHV
7UHVHVWXGLDQWHVPRYLOL]DGRV
)DFXOWDG GH &LHQFLDV GH OD
(GXFDFLyQ
3URJUDPD&,1'$
0RYLOL]DUHVWXGLDQWHV
8QHVWXGLDQWHPRYLOL]DGR
)DFXOWDG GH &LHQFLDV $JUR
SHFXDULDV
&RQYHQLR
3URJUDPD GH FRRSHUDFLyQ
\ PRYLOLGDG 5('(6 (5$6
086²
(1+$1&( &223(1(5$&2/
8QHVWXGLDQWHPRYLOL]DGD
)DFXOWDGGH&LHQFLDV1DWXUD
OHV([DFWDV\7HFQRORJtD
8QHVWXGLDQWHPRYLOL]DGR
)DFXOWDGGH0HGLFLQD9HWHUL
QDULD
/DV HVWDEOHFLGDV HQ ORV SUR
\HFWRV FRQ EDVH DO Q~PHUR
GHPRYLOLGDGDSUREDGDSRUOD
&RPXQLGDG(XURSHD
6HLVVHOHFFLRQDGRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWR GH LQYHVWLJDFLyQ
FRQMXQWRSDUDGHWHUPLQDUODV
FRPSHWHQFLDVGRFHQWHVSDUD
LPSDUWLU ORV FXUVRV GH JUDGR
HQODFDUUHUDGHPHGLFLQDGH
DFXHUGRFRQQHFHVLGDGHVGH
ORV SODQHV FXUULFXODUHV UH
JLyQFHQWURDPHULFDQDFRRU
GLQD 8QLYHUVLGDG $XWyQRPD
GH0DGULG
3DUWLFLSDFLyQGHGRFHQWHVGH
OD)DFXOWDGGH0HGLFLQD\OD
'LUHFFLyQGH&RRSHUDFLyQ,Q
WHUQDFLRQDO\$VLVWHQFLD7pF
QLFD
3UHVHQWDFLyQGHOLQIRUPHÀQDO
'LYXOJDFLyQGH3URJUDPDV
 5HXQLyQ GHO 3UR\HF
WR (5$6086 081'86
(+$1&(HQOD8QLYHUVLGDG
GH&RVWD5LFD
6HPLQDULR ,QWHUQDFLRQDOL]D
FLyQ GH OD (GXFDFLyQ 6X
SHULRU 1XHYDV -RUQDGDV
'LQiPLFDVGH0RYLOLGDG$FD
GpPLFD
&RQYRFDWRULDVGHFXUVRVVH
PLQDULRVWDOOHUHV\RWURV
&RVWD5LFD
5HXQLyQ&RRSHUDFLyQ7pFQL
FD ,QWHUQDFLRQDO 8QLYHUVLGD
GHV(VWDWDOHV
6HJXLPLHQWRDODSULPHUDUH
XQLyQGHOSUR\HFWR
5HXQLRQHV FRQ PLVLRQHV LQ
WHUQDFLRQDOHV
&RQWLQXDU HO DFHUFDPLHQWR D
PLVLRQHVLQWHUQDFLRQDOHV
3DUWLFLSDFLyQGHOD83HQIR
URVLQWHUQDFLRQDOHV
5HFWRU 9LFHUUHFWRUHV \ OD
'LUHFWRUD(MHFXWLYDHQIRURV
LQWHUQDFLRQDOHV
'XUDQWH HO ,, 6HPHVWUH GHO
\ HO , 6HPHVWUH GHO
/D',&,$7KDUHFLELGR
GLYHUVDVYLVLWDVGHUHSUHVHQ
WDQWHV GH RUJDQLVPRV ,QWHU
QDFLRQDOHV FRPR GH UHSUH
VHQWDFLRQHV XQLYHUVLWDULDV
WDOHVFRPR
‡ 5HSUHVHQWDFLyQGHOD2U
JDQL]DFLyQ3UR&KLOH
‡ &RRUGLQDGRUHV GH 3UR
JUDPDV GH %HFDV GH OD
(PEDMDGDGH)UDQFLD
‡ 5HSUHVHQWDQWHV GH OD
8QLYHUVLGDG GH 7H[DV
$0
,QVWLWXWRSDUDOD)RUPDFLyQ\
DSURYHFKDPLHQWR GH 5HFXU
VRV+XPDQRV,IDUKX
FRQYRFDWRULDV
EROHWLQHVHOHFWUyQLFRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
‡
‡
‡
(QFDUJDGRV GH 3URJUD
PDVGH9ROXQWDULDGRVGH
-DSyQ
9LVLWD GHO 'LUHFWRU GH
3RVWJUDGR GH OD 8QLYHU
VLGDG GH 9DOSDUDtVR ²
&KLOH
5HSUHVHQWDQWHV GHO 6HU
YLFLRGH,QWHUFDPELR$FD
GpPLFR$OHPiQ'$$'
(YHQWRVHQORVTXHSDUWLFLSD
URQGLIHUHQWHVDXWRULGDGHV
‡ 5HFWRU
‡ 9LFHUUHFWRUHV
‡ 'HFDQRV
‡ 'LUHFWRUHV
'LUHFFLyQGH$XGLWRUtD,QWHUQD
3UR\HFWR0HWD5HVXOWDGR
5HJXODFLyQ ,QVWLWXFLRQDO GH
1RUPDV
4XHVHFXPSODQFRQODV/H
\HV 1RUPDV GH &RQWURO ,Q
WHUQR\3URFHGLPLHQWRV
7UHFHHYDOXDFLRQHVGHFRQ
WURO LQWHUQR RQFH LQIRUPHV
GH DXGLWRULD HVSHFLDO FLHQWR
YHLQWLQXHYH DUTXHRV GH FDMD
PHQXGDWUHVVHJXLPLHQWRV
GRV DXGLWDUtDV ÀQDQFLHUDV
)XHURQUHDOL]DGDVDVHVRUtDV
\FRQVXOWDV\DGHPiVIXHURQ
HPLWLGDV \ HQYLDGDV XQ WRWDO
GHGRVFLHQWRVVHWHQWD\XQD
UHFRPHQGDFLRQHVDODV
GLIHUHQWHV 8QLGDGHV $GPL
QLVWUDWLYDV GH LJXDO PDQHUD
VH SDUWLFLSy HQ LQYHQWDULRV \
GHVFDUWHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$XGLWRUtDV ÀQDQFLHUDV \ GH
FRQWUROLQWHUQRHQORV&HQWURV
5HJLRQDOHV8QLYHUVLWDULRVGH
/RV 6DQWRV 3DQDPi 2HVWH
&RFOp\HQOD([WHQVLyQ8QL
YHUVLWDULDGH$JXDGXOFH
5HJXODFLyQ ,QVWLWXFLRQDO GH
1RUPDV
3URIHVLRQDOLVPR GH ORV IXQ
FLRQDULRV
)DFLOLWDGRUHV HQ &DSDFLWD
FLyQ
&DSDFLWDFLyQDORVIXQFLRQD
ULRVGHOD'LUHFFLyQGH$XGL
WRUtD,QWHUQD
(QFRQMXQWRFRQOD'LUHFFLyQ
GH 5HFXUVRV +XPDQRV \
FRQHOSURSyVLWRGHIRUWDOHFHU
ODHVWUXFWXUDGHFRQWUROLQWHU
QR GH OD LQVWLWXFLyQ VH RIUH
FLHURQ GXUDQWH HVWH SHULRGR
VHPLQDULRV \ FRQIHUHQFLDV
GLULJLGDV D IXQFLRQDULRV GHO
&DPSXV&HQWUDOGHORV&HQ
WURV 5HJLRQDOHV 8QLYHUVLWD
ULRV\GHRWUDVLQVWLWXFLRQHV
‡
*HVWLyQ HQ EDVH D ODV
1RUPDVGH&RQWURO,QWHU
QR SDUD OD 5HS~EOLFD GH
3DQDPi
‡
$GPLQLVWUDFLyQ GH$OPD
FpQH,QYHQWDULRV
‡
8VR \ 0DQHMR GH &DMD
0HQXGD
‡
0DQHMRGH&DMDGH&DIH
WHUtD
‡
1RUPDVGH&RQWURO,QWHU
QR*XEHUQDPHQWDO
/RV IXQFLRQDULRV GH OD 'L
UHFFLyQ GH $XGLWRUtD KDQ
SDUWLFLSDGR HQ GLIHUHQWHV
VHPLQDULRV \ FRQIHUHQFLDV
LPSDUWLGDV SRU OD 'LUHFFLyQ
GH 5HFXUVRV +XPDQRV 6H
PLQDULR GH $QWHSUR\HFWR GH
81,9(56,'$''(3$1$0É
6HPLQDULRGH$GPLQLVWUDFLyQGH$OPDFpQH,QYHQWDULR
3UR\HFWR0HWD5HVXOWDGR
3UHVXSXHVWR 5HGDFFLyQ GH
,QIRUPHV 7pFQLFRV 3URJUD
PDVGH3UHVHQWDFLyQH,Pi
JHQHV([FHO%iVLFR0DQHMR
\8VRGHO6LVWHPDGH&RQWUD
WDFLRQHV3~EOLFDHQWUHRWURV
&RPSUDVGHHTXLSRVSDUDHO
PHMRUDPLHQWR GH ODV IXQFLR
QHVGHOD'LUHFFLyQ
&RQWULEXLUFRQODHÀFLHQFLDHQ
ODV ODERUHV TXH UHDOL]DQ ORV
IXQFLRQDULRVGHOD'LUHFFLyQ
6HPLQDULRGH*HVWLyQHQEDVHDODV1RUPDVGHFRQWUROLQWHUQR
&RPSUDGHHTXLSRGHRÀFLQD
WDO FRPR WULWXUDGRUD GH SD
SHOHQJDUJRODGRUDGHPHWDO
LPSUHVRUDV OiVHU D FRORUHV
FRPSXWDGRUD SDUD HVWDFLyQ
GH WUDEDMR DLUH DFRQGLFLR
QDGR SUR\HFWRU PXOWLPHGLD
WLSR,
5(1',&,Ð1'(&8(17$6
'LUHFFLyQ3URWHFFLyQ8QLYHUVLWDULD
3UR\HFWR0HWD5HVXOWDGR
'RWDUGHXQLIRUPHVDOSHUVR
QDOGHOD'LUHFFLyQGH3URWHF
FLyQ
0HMRUDU OD SUHVHQWDFLyQ GH
ORV IXQFLRQDULRV GH OD 'LUHF
FLyQGH3URWHFFLyQDQWHODFR
PXQLGDGXQLYHUVLWDULD
$GTXLVLFLyQGHORVXQLIRUPHV
SRUXQPRQWRGH%
SDUD IXQFLRQDULRV GH YL
JLODQFLD \ FDO]DGRV SRU XQ
YDORUGH%
5HHPSOD]DU OODQWDV D 3,&
.83 1LVVDQ )URQWLHU 3ODFD
1R
0DQWHQHUHQFRQGLFLRQHVyS
WLPDVHOYHKtFXORRÀFLDOGH
KRUDVDOVHUYLFLRGHOD&RPX
QLGDG8QLYHUVLWDULD
$GTXLVLFLyQFLQFROODQWDV
5WRGRWHUUHQRSRU
%
(TXLSDPLHQWRGHSRUWLYR
(OPHMRUDPLHQWRItVLFRGHORV
IXQFLRQDULRV GH 3URWHFFLyQ
8QLYHUVLWDULD
$GTXLVLFLyQ GH XQD ELFLFOHWD
HVWiWLFDXQDPHVDGHSHVDV
XQ VDFR GH ER[LQJ WRGR SRU
XQ YDORU GH % SDUD
WRGRV ORV IXQFLRQDULRV GH
3URWHFFLyQ
+DELOLWDFLyQGHOGRUPLWRULRGH
OD'LUHFFLyQGH3URWHFFLyQ
+DELOLWDUFRQODVPHMRUHVFRQ
GLFLRQHVHOiUHDGHGHVFDQVR
GHOD'LUHFFLyQGH3URWHFFLyQ
$FRQGLFLRQDU ODV ,QVWDODFLR
QHVGHOSULPHUDOWR
'RQDFLyQ GH XQLGDG GH DLUH
DFRQGLFLRQDGR VSOLW GH %78 UHSDUDFLyQ \ FRQ
IHFFLyQ GH PDOODV GH ODV
YHQWDQDV GH YLGULRV \ DOXPL
QLR SDUD iUHD GH GHVFDQVR
DGTXLVLFLyQ GH FROFKRQHV \
DOPRKDGDV SRU XQ YDORU GH
%
3URSRUFLRQDU ~WLOHV PDWHULD
OHVDIXQFLRQDULRVGHSURWHF
FLyQ SDUD UHDOL]DU XQD PHMRU
ODERU
0HMRUDUHOVHUYLFLREULQGDGRD
ODLQVWLWXFLyQ
6HDGTXLULHURQOiPSDUDVGH
PDQR
&DUWDSDFLRV SDUD DUFKLYDU
GRFXPHQWRV
$GTXLVLFLyQ GH UHFXUVR KX
PDQR
)RUWDOHFHUODODERUGHYLJLODQFLD
&RQWUDWDFLyQ GH YLJLODQ
WHV FRQ VDODULR PHQVXDO GH
%FDGDXQR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$GTXLVLFLyQ GH PDWHULDOHV
SDUD YLVXDOL]DU GHVGH DOWXUD
GH FRQWURO GH 5DGLRV &RPX
QLFDGRUHV
3URSRUFLRQDU YLVLELOLGDG GH OD
7RUUHGH&RQWUROGH5HSHWLGR
UDGHOD&ROLQD
/iPSDUDGHREVWUXFFLyQFRU
GyQ ÁH[LEOH FDMD [ QG [ôIRWRFHOGD7:
WDSD:3XWLOLGDG[WUDPR
,1&URVFDöXQLyQ
(TXLSDPLHQWR GH OD EDVH GH
UDGLRVFRPXQLFDGRUHV
0HMRUDUODFRPXQLFDFLyQGHQ
WUR GHO FDPSXV FHQWUDO \ FRQ
ORVFHQWURVUHJLRQDOHV\iUHD
H[WHUQD DO &DPSXV 8QLYHUVL
WDULR
$GTXLVLFLyQGHXQDUHSHWLGR
UD FRQ YDORU GH %
GHUDGLRVFRPXQLFDGRUHV
FRQYDORUGH%
$GTXLVLFLyQGHHTXLSRGHVH
JXULGDG
%ULQGDUDOJ~QWLSRGHGHIHQVD
SDUDORVIXQFLRQDULRVGHYLJL
ODQFLD
$GTXLVLFLyQ GH JDV SLPLHQWD
SRUXQYDORUGH%
,QIUDHVWUXFWXUD\HTXLSDPLHQWR
0HMRUDUODVLQVWDODFLRQHVItVL
FDV \ HTXLSDU ODV RÀFLQDV GH
SURWHFFLyQ XQLYHUVLWDULD SDUD
EULQGDU XQ PHMRU VHUYLFLR D
OD FRPXQLGDG XQLYHUVLWDULD \
ORVIXQFLRQDULRVFXHQWHQFRQ
KHUUDPLHQWDVSDUDGHVDUUROODU
XQPHMRUWUDEDMR
$GHFXDFLRQHV GHO VHJXQGR
SLVR FRQ OD FRQVWUXFFLyQ GH
GRV FXEtFXORV SDUD DOPDFpQ
GH PDWHULDOHV GH GRFXPHQ
WRV\ELHQHVGHOD,QVWLWXFLyQ
FRQ XQ YDORU DSUR[LPDGR GH
%
&XDWUR 6LOODV (MHFXWLYDV FRQ
XQYDORUGH%
$UFKLYDGRUHVGHPHWDO%
3ULPHU DOWR VH DFRQGLFLRQD
HQ iUHD GH GHVFDQVR \ HQ
FXEtFXOR GH DOPDFpQ \ DU
FKLYR SDUD IXQFLRQDULRV TXH
URWDQ)RUPLFDSRVWIRUPDEOH
%
3HJDPHQWRFRQWDFFHPHQLQ
GXVWULDO
&HUUDGXUDGHJDYHWDVDUFKL
YDGRUHVGH%
7UHVDEDQLFRVGHWHFKR
,QVWDODFLyQ GH FiPDUDV GH
VHJXULGDG \ FRPSXWDGRUD
SDUDVXSHUYLVLyQ
0HMRUDUHOVLVWHPDGHYLJLODQ
FLD HQ OD 8QLYHUVLGDG GH 3D
QDPi
'RQDFLyQ GH &RPSXWDGRUHV
&38 836 EDWHUtD WHFODGR
PRQLWRU
5(1',&,Ð1'(&8(17$6
'LUHFFLyQGH,QIRUPiWLFD
3UR\HFWR0HWD5HVXOWDGR
'HVFHQWUDOL]DFLyQ GHO 6LVWH
PD$XWRPDWL]DGR GH %LHQHV
3DWULPRQLDOHV
'HVFHQWUDOL]DU HO UHJLVWUR \
FRQWURO GH ORV ELHQHV R DFWL
YRVGHOD8QLYHUVLGDGGH3D
QDPi
3HUPLWH D OD LQVWLWXFLyQ FRQ
WDUFRQLQIRUPDFLyQRSRUWXQD
\ HQ OtQHD GH ORV DFWLYRV UH
JLVWUDGRVFRQTXHFXHQWD6H
RSWLPL]DHOSURFHVRGHDFWXD
OL]DFLyQ GH OD EDVH GH GDWRV
GH %LHQHV 3DWULPRQLDOHV
3HUPLWHGHGLFDUPD\RUWLHP
SRDVXSHUYLVLyQ\FRQWUROGHO
SDWULPRQLR XQLYHUVLWDULR 6H
GHÀQLHURQ PHGLDQWH OD DVLJ
QDFLyQGHWDUHDVHVSHFtÀFDV
ODVUHVSRQVDELOLGDGHVDFDGD
XQLGDGLQYROXFUDGD
6LVWHPD,QIRUPiWLFRGH(OHF
FLRQHV8QLYHUVLWDULDV
&XOPLQDU OD LPSOHPHQWDFLyQ
\ SDVDU VX DGPLQLVWUDFLyQ DO
2UJDQLVPR (OHFWRUDO 8QLYHU
VLWDULR,QWHJUDUODLQIRUPDFLyQ
GHO VLVWHPD GH 2UJDQL]DFLyQ
$FDGpPLFD FRQ HO 6LVWHPD
GH (OHFFLRQHV SDUD FXPSOLU
FRQ OR HVWDEOHFLGR HQ HO 5H
JODPHQWR GH (OHFFLRQHV HQ
FXDQWRDOYRWRGHORVSURIHVR
UHV
6H KDQ UHGXFLGR HO Q~PHUR
GHDMXVWHVDOUHJLVWURHOHFWR
UDO &RQ OD LPSOHPHQWDFLyQ
GHO VLVWHPD VH KD IDFLOLWDGR
HO FXPSOLPLHQWR GHO FDOHQ
GDULRGHHOHFFLRQHV(OVLVWH
PDHVWDHQRSHUDFLyQSRUHO
2UJDQLVPR (OHFWRUDO HQ XQ
6HJXLPLHQWRHQOtQHDGHOWUi
PLWH GH ODV RUJDQL]DFLRQHV
DFDGpPLFDV
,PSOHPHQWDUXQVLVWHPDSDUD
HODFFHVRHQOtQHDGHORVWUi
PLWHV GH ODV RUJDQL]DFLRQHV
GRFHQWHVGHVGHVXRULJHQHQ
ODV 8QLGDGHV $FDGpPLFDV D
OD 'LUHFFLyQ GH 2UJDQL]DFLyQ
'RFHQWH\DOGHVSDFKRGHO9L
FHUUHFWRU$FDGpPLFR
2IUHFHDOD9LFHUUHFWRUtD$FD
GpPLFD LQIRUPDFLyQ HVWDGtV
WLFDVREUHODVRUJDQL]DFLRQHV
DFDGpPLFDV WUDPLWDGDV HQ
SURFHVR\GHYXHOWDV3HUPLWH
HOFRQWUROGHODDVLJQDFLyQGH
GHVFDUJD KRUDULD OLFHQFLDV
WUDVODGRV \ UHFODVLÀFDFLRQHV
HQWUHRWURV(VWHSUR\HFWRIXH
FRPSOHWDGR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$FWXDOL]DFLyQ GH OD HVWUXFWX
UDDFDGpPLFD
,GHQWLÀFDU HQ OD EDVH GH GD
WRVHOiUHDGHFRQRFLPLHQWRR
HVSHFLDOLGDGGHFDGDSURIHVRU
GHOD8QLYHUVLGDGGH3DQDPi
/D LQIRUPDFLyQ VH KD HVWD
GR DFWXDOL]DQGR D PHGLGD
TXH ORV SURIHVRUHV HQYtDQ
HO IRUPXODULR FRPSOHWDGR (O
SURFHVRDORJUDGRXQDOWRYR
OXPHQGHUHVSXHVWDGH
SURIHVRUHV VRODPHQWH IDOWDQ
SRUHQYLDUHOIRUPXODULR
,PSOHPHQWDFLyQ GHO 0yGXOR
GH &RPSUDV \ $OPDFpQ GHO
6LVWHPDGH,QIRUPDFLyQ3UH
VXSXHVWDULR$GPLQLVWUDWLYR\
)LQDQFLHUR6,3$)
$XWRPDWL]DUHLQWHJUDUODJHV
WLyQ GHO SURFHVR GH FRPSUDV
GH OD 8QLYHUVLGDG GH 3DQD
Pi
6H UHDOL]DURQ ORV DMXVWHV DO
PyGXOR \ VH KD LQLFLDGR OD
IDVHGHFDSDFLWDFLyQDORVIXQ
FLRQDULRV GHO 'HSDUWDPHQWR
GH&RPSUDV\$OPDFpQGHOD
'LUHFFLyQ GH 6HUYLFLRV$GPL
QLVWUDWLYRV TXLHQHV VHUiQ ORV
DGPLQLVWUDGRUHV GHO PyGXOR
$PHGLDGRVGHDJRVWRVHUHD
OL]DUiODFDSDFLWDFLyQSDUDORV
IXQFLRQDULRV GH ODV XQLGDGHV
JHVWRUDV(VWHSUR\HFWRWLHQH
XQGHDYDQFH
6HJPHQWDFLyQ \ GLPHQVLR
QDPLHQWR GH OD UHG GH iUHD
ORFDO GH OD 8QLYHUVLGDG GH
3DQDPi
)DFLOLWDU OD VROXFLyQ GH QX
PHURVRV SUREOHPDV TXH VH
SURGXFHQ D QLYHO GH FRPXQL
FDFLRQHVHQODLQVWLWXFLyQ
$ODIHFKDHOSUR\HFWRUHJLVWUD
HOVLJXLHQWHDYDQFHSRUiUHD
‡ &ROLQDSLVRVDO
‡ ,QVWLWXWR(VSHFLDOL]DGRGH
$QiOLVLV
‡ )DFXOWDG GH +XPDQLGD
GHV
‡ )DFXOWDG GH $GPLQLVWUD
FLyQGH(PSUHVDV\&RQ
WDELOLGDG
‡ &DPSXV +DUPRGLR $ULDV
0DGULG ODV iUHDV GRQGH
VH OOHJy FRQ OD DGHFXD
FLyQGHODUHG
‡ ,QVWLWXWR GH $OLPHQWDFLyQ
\1XWULFLyQ
‡ &OtQLFD8QLYHUVLWDULD
,GHQWLÀFDU ORV GHSDUWDPHQWRV
TXH UHTXLHUHQ XQ PD\RU DQ
FKRGHEDQGDSDUDWUDEDMDU\
PHGLU HO ÁXMR GH GDWRV GH OD
UHGLQWHUQD
0HMRUDU OD VHJXULGDG \D TXH
SHUPLWH HVWDEOHFHU SROtWLFDV GH
VHJXULGDG GH IRUPD PiV DGH
FXDGDSDUDHODFFHVRDODUHG
WDQWRLQWHUQD,QWUDQHWFRPRH[
WHUQD,QWHUQHWOLPLWDQGRHODF
FHVRDGHWHUPLQDGDVSiJLQDV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
5HPRGHODFLyQGHO&HQWURGH
&RPXQLFDFLRQHV GH OD 8QL
YHUVLGDGGH3DQDPi
&UHDU XQ FHQWUR GH FRPXQL
FDFLRQHV FRQ WHFQRORJtD GH
SXQWD
6HFRPSOHWyHOSUR\HFWRDO
\ IXH IRUPDOPHQWH LQDXJXUDGR
SRU HO 6HxRU 5HFWRU *XVWDYR
*DUFtDGH3DUHGHVHOSDVDGR
GHMXOLR
,QFRUSRUDFLyQ GH OD ([WHQ
VLyQGH'DULpQHQORVPyGX
ORV GH 2UJDQL]DFLyQ $FDGp
PLFD\0DWUtFXODHQOtQHD
)DFLOLWDU HO DFFHVR HQ OtQHD
WDQWRDOPyGXORGH2UJDQL]D
FLyQ $FDGpPLFD FRPR DO GH
0DWUtFXOD D OD H[WHQVLyQ GH
'DULpQ
6H UHDOL]y HO SURFHVR GH DF
WXDOL]DFLyQGHORVGDWRVGHORV
HVWXGLDQWHV
6H DFWXDOL]y OD XELFDFLyQ GH
ORV SURIHVRUHV GH DFXHUGR D
VX IDFXOWDG GHSDUWDPHQWR \
iUHDUHVSHFWLYD
6H ORJUy TXH OD XQLGDG UHDOL
]DUDWRGRHOSURFHVRHQOtQHD
HVWHYHUDQR\,VHPHVWUH
$XWRPDWL]DFLyQ GHO SURFHVR
GHFRUUHVSRQGHQFLD
)DFLOLWDU HO VHJXLPLHQWR HQ
OtQHD GH OD FRUUHVSRQGHQFLD
TXHVHWUDPLWDDWUDYpVGHOD
9LFHUUHFWRUtD $GPLQLVWUDWLYD
PHGLDQWH OD DXWRPDWL]DFLyQ
GHO SURFHVR XWLOL]DQGR OD SOD
WDIRUPDWHFQROyJLFD8OWLPXV
(O SUR\HFWR VH HQFXHQWUD HQ
OD IDVH GH GLVHxR \ FRQWHP
SOD HQ XQD SULPHUD HWDSD HO
WUiPLWHGHODFRUUHVSRQGHQFLD
GH PD\RU UHOHYDQFLD SDUD ODV
8QLGDGHV$FDGpPLFDV\$GPL
QLVWUDWLYDV
'LVPLQXLUHOWUiPLWHGHODFR
UUHVSRQGHQFLD PHGLDQWH VR
SRUWHSDSHO
'LVPLQXLU HO WLHPSR TXH VH
GHGLFD DO UHJLVWUR GH OD FR
UUHVSRQGHQFLD
6HLQLFLDFRPRXQ3ODQ3LORWR
HQOD9LFHUUHFWRUtD$GPLQLVWUD
WLYD H LQFOX\H HO VHJXLPLHQWR
GHORVGRFXPHQWRVTXHOOHJDQ
DOD9LFHUUHFWRUtD\VRQHQYLD
GRVDODVVLJXLHQWHVXQLGDGHV
5HFWRUtD
5HFXUVRV+XPDQRV
)LQDQ]DV
3ODQLÀFDFLyQ
',$
6HUYLFLRV$GPLQLVWUDWLYRV
0HMRUDU HO FRQWURO GH OD FR
UUHVSRQGHQFLDHQWUiPLWH
6LPSOLÀFDU ODV WDUHDV DVRFLD
GDV DO PDQHMR GH OD FRUUHV
SRQGHQFLD
81,9(56,'$''(3$1$0É
(O'LUHFWRUGH,QIRUPiWLFD/LF$OEHUWR%UDQGDUL]VHGLULJHDORVDVLVWHQWHVDODLQDXJXUDFLyQGHO&HQWURGH&RPXQL
FDFLRQHVGHOD8QLYHUVLGDGGH3DQDPi
3UR\HFWR0HWD5HVXOWDGR
$XPHQWR GHO$QFKR GH%DQ
GDGHODUHGGHiUHDORFDOGH
OD 8QLYHUVLGDG GH 3DQDPi
HQ ORV &HQWURV 5HJLRQDOHV
8QLYHUVLWDULRV\HQODV([WHQ
VLRQHV'RFHQWHV
0HMRUDUODYHORFLGDG\HOUHQ
GLPLHQWR FRQ TXH VH DFFHGH
DORVGLIHUHQWHVVHUYLFLRVTXH
VH RIHUWDQ D WUDYpV GH OD UHG
8QLYHUVLWDULD HQ ORV &HQWURV
5HJLRQDOHV 8QLYHUVLWDULRV \
HQODV([WHQVLRQHV'RFHQWHV
(QODDFWXDOLGDGVHKDDXPHQ
WDGRHODQFKRGHEDQGDHQ
‡
‡
‡
‡
‡
‡
‡
‡
&58GH/RV6DQWRV
&58GH$]XHUR
877(GH$]XHUR
&58GH9HUDJXDV
%RFDV)LQFD\)LQFD
&58GH&RFOp
&58GH&ROyQ
877(GH&RFOp
SULPHUD VHPDQD GH DJRVWR
FRQFOXLU FRQ &ROyQ $JXDGXO
FH &DPSXV +DUPRGLR $ULDV
0DGULG6DQ0LJXHOLWR\OD)D
FXOWDG GH $GPLQLVWUDFLyQ GH
(PSUHVDV\&RQWDELOLGDG
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
,QVWDODFLyQ GH FDEOHDGR HV
FLRGHOD8QLYHUVLGDG7HFQR
OyJLFDGH3DQDPi
,QFRUSRUDUDODUHGDORVXVXD
ULRV XELFDGRV HQ HO DQWLJXR
7HFQROyJLFDGH3DQDPiSDUD
TXHSXHGDQFRQWDUFRQHODF
FHVRDORVGLYHUVRVVLVWHPDV
\DSOLFDWLYRVLQVWLWXFLRQDOHV
/RVSURYHHGRUHV\DUHDOL]DURQ
ODLQVSHFFLyQGHFDPSRDFRP
SDxDGRVSRUORVLQJHQLHURVGH
OD'LUHFFLyQGH,QIRUPiWLFD
&RQHVWDLQIRUPDFLyQ\ODVHV
GHQSURFHGHUDSUHVHQWDUVXV
SURSXHVWDV
5HIRU]DU OD VHJXULGDG D ORV
HVWXGLDQWHVSURIHVRUHV\DG
PLQLVWUDWLYRV DVt FRPR D ODV
LQVWDODFLRQHV \ ELHQHV GH OD
8QLYHUVLGDGGH3DQDPi
/RV SURYHHGRUHV KLFLHURQ OD
LQVSHFFLyQ GH FDPSR DFRP
SDxDGRVSRUORVLQJHQLHURVGH
OD'LUHFFLyQGH,QIRUPiWLFD
,QVWDODFLyQ GH FDEOHDGR GH
)LEUD ySWLFD HQWUH OD 'LUHF
FLR GH &DIHWHUtDV \ OD 'LUHF
FLyQGH&XOWXUD
D OD UHG 8QLYHUVLWDULD SDUD TXH
ORVXVXDULRVGHHVD8QLGDGWHQ
JDQDFFHVRDORVGLYHUVRVVLVWH
PDV\DSOLFDWLYRV,QVWLWXFLRQDOHV
HVWiSHQGLHQWHHOUHFLELGRFRQ
IRUPH
,QVWDODFLyQGHHQODFHGHUHG
SDUDHO+RVSLWDOGH0HGLFLQD
9HWHULQDULDXELFDGRHQ&RUR]DO
3URYHHUGHXQHQODFHGHUHG
DO+RVSLWDOGH0HGLFLQD9HWH
ULQDULDGH&RUR]DO
$GTXLVLFLyQH,QVWDODFLyQGHO
6LVWHPDGH9LGHRYLJLODQFLD
&RQHOSUR\HFWRGHDGHFXDFLyQ
GHODUHGVHOHLQVWDOyDOKRVSLWDO
ODLQIUDHVWUXFWXUDGHUHGLQWHUQD
TXHGDQGR SHQGLHQWH HO HQODFH
FRQ HO &DPSXV 8QLYHUVLWDULR
GHELGRDTXHQXHVWURSURYHHGRU
DFWXDOQRFXHQWDFRQODLQIUDHV
WUXFWXUDQHFHVDULDHQHVWDiUHD
6H OOHYy D FDER XQ DFWR S~
EOLFRHQGRQGHVHOHRWRUJyHO
SUR\HFWRDXQDHPSUHVDSULYD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
FLDUi DO SHU
VRQDOTXHODERUDHQHVWDiUHD
DVtFRPRWDPELpQDOD)DFXO
WDGGH0HGLFLQD9HWHULQDULD\D
TXHFRQWDUiQFRQXQDFRPXQL
FDFLyQPiVH[SHGLWDFRQHVWD
XQLGDG
$GTXLVLFLyQ H LQVWDODFLyQ GH
XQ HTXLSR GH WHOHIRQtD 9*
SDUDOD)DFXOWDGGH$GPLQLV
WUDFLyQ3~EOLFD
3HUPLWLU D ORV IXQFLRQDULRV GH
OD )DFXOWDG GH $GPLQLVWUDFLyQ
3~EOLFDFRPXQLFDUVHDWUDYpVGH
ODVOtQHDVLQWHUQDVGHWHOHIRQtD
(O HTXLSR IXH LQVWDODGR HQ OD
IDFXOWDG
,QVWDODFLyQGHQXHYRFDEOHD
GRGH)LEUDySWLFDSDUDOD)D
FXOWDGGH2GRQWRORJtD
,QWHUFRQHFWDUORVHTXLSRVFRQ
(OSUR\HFWRIXHFRPSOHWDGRHQ
XQ
$PSOLDFLyQ GH OD ,PSOHPHQ
WDFLyQGHOSURFHVRGH5HVHU
YDFLyQGH&XSRVYtD:HE
+DELOLWDU HO SURFHVR GH PD
WUtFXOD YtD :HE SDUD ORV HV
WXGLDQWHV GH OD )DFXOWDG GH
$UTXLWHFWXUD VXPiQGRVH DVt
HOQ~PHURGHHVWXGLDQWHVTXH
GHVGHHODxRSDVDGRFXHQWDQ
FRQ HVWD IDFLOLGDG SDUD UHDOL
]DUVXPDWUtFXOD
5HGLVHxR GHVDUUROOR H LP
SOHPHQWDFLyQ GHO SRUWDO GH
,QWHUQHWGHOD8QLYHUVLGDGGH
3DQDPi
&RQFHQWUDU ORV HVIXHU]RV HQ
HO PHMRUDPLHQWR LQWHJUDO GHO
SRUWDO ZHE GH OD 8QLYHUVLGDG
GH3DQDPiSDUDDFWXDOL]DUOR
KDFHUORPiVDPLJDEOH\PiV
DWUDFWLYR
WXDOL]DFLyQGHWRGRVORVSODQHV
GH HVWXGLR LQFRUSRUDQGR ORV
SUHUUHTXLVLWRV GH ODV DVLJQD
WXUDV FRQ HO DSR\R GH OD )D
FXOWDG \ OD 6HFUHWDUtD *HQH
UDO 6H UHDOL]y XQD FDPSDxD
GH GLYXOJDFLyQ TXH LQFOX\R OD
FRQIHFFLyQ \ GLVWULEXFLyQ GH
EURFKXUH SDUD UHSDUWLU D ORV
HVWXGLDQWHV DVt FRPR XQ SUR
FHVRGHLQGXFFLyQPHGLDQWHHO
FXDOVHOHVH[SOLFRFRPRUHJLV
WUDUVH\UHDOL]DUHOSURFHVRGH
UHVHUYDFLyQ
(O SUR\HFWR FRPSUHQGH OD UH
HVWUXFWXUDFLyQ GH PiV GH SiJLQDV TXH LQWHJUDQ HO 3RU
WDO:HE,QFOX\HHOGLVHxRHO
OHYDQWDPLHQWR GH OD ,QIRUPD
FLyQODFUHDFLyQGHODEDVHGH
GDWRV OD WRPD \ DGHFXDFLyQ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
GH IRWRJUDItDV OD UHDOL]DFLyQ
GH WDOOHUHV GH LQGXFFLyQ YL
VLWDV D ODV XQLGDGHV DFDGp
PLFDV \ DGPLQLVWUDWLYDV \ OD
RULHQWDFLyQYtDWHOHIyQLFDDORV
IXQFLRQDULRVUHVSRQVDEOHVHQ
FDGDiUHD(OSUR\HFWRLQYR
OXFUDDIDFXOWDGHVGLUHF
FLRQHVFHQWURVUHJLRQDOHV
H[WHQVLRQHV LQVWLWXWRV SURJUDPDVDQH[RV\SUR\HF
WRVDGLVWDQFLD
,QFUHPHQWDU OD FDQWLGDG GH
XVXDULRV TXH OR YLVLWD \ TXH
DWUDYpVGHpOVHSXHGDQSUR
\HFWDUODVDFWLYLGDGHVDFDGp
PLFDVGHH[WHQVLyQHLQYHVWL
JDFLyQ TXH VH UHDOL]DQ HQ OD
8QLYHUVLGDGGH3DQDPi
(O GLVHxR VH KD FRPSOHWDGR
HQXQ6HKDQUHDOL]DGR
GRVSUHVHQWDFLRQHVDODVDXWR
ULGDGHV XQLYHUVLWDULDV \ FLQFR
SUHVHQWDFLRQHVDOD'LUHFFLyQ
GH,QIRUPiWLFD
'LUHFFLyQGH3URWRFROR\&HUHPRQLDO
3UR\HFWR0HWD5HVXOWDGR
1RUPDV GH SURWRFROR \ FH
UHPRQLDO GH WRGRV ORV DFWRV
TXHVHGHVDUUROODQHQOD8QL
YHUVLGDGGH3DQDPi
4XH WRGRV ORV DFWRV TXH VH
GHVDUUROOHQ HQ OD 8QLYHUVLGDG
GH 3DQDPi OOHYHQ OD IRUPDOL
GDG\RUGHQDPLHQWRSURSLRVGH
ODSULPHUDFDVDGHHVWXGLRV
6H DWHQGLHURQ JUDGXD
FLRQHVHQ)DFXOWDGHV&HQ
WURV5HJLRQDOHV\([WHQVLR
QHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFHU ODV EXHQDV UHOD
FLRQHV HQWUH OD 8QLYHUVLGDG
GH3DQDPiHOFXHUSRGLSOR
PiWLFR \ FRQVXODU ORV RUJD
QLVPRVLQWHUQDFLRQDOHV\HQ
WLGDGHVS~EOLFDV\SULYDGDV
6HDWHQGLHURQORVFRQJUHVRV
IRURV\VLPSRVLRVQDFLRQDOHV
H LQWHUQDFLRQDOHV WDOOHUHV
SUHVHQWDFLRQHV GH OLEURV
FRQGHFRUDFLRQHVHLQDXJXUD
FLRQHV GH HYHQWRV DFDGpPL
FRV\FXOWXUDOHV
6HWUDPLWDURQORVSDVDSRUWHV
RÀFLDOHV TXH VH UHTXLULHURQ
HQ HO 0LQLVWHULR GH 5HODFLR
QHV([WHULRUHV
(YHQWRVGHUHOHYDQFLDLQVWLWXFLRQDODWHQGLGRVSRUOD'LUHFFLyQGH3URWRFROR\&HUHPRQLDO8QLYHUVLWDULR
2ÀFLQDGH5HODFLyQFRQORV*UDGXDGRV25*
3UR\HFWR0HWD5HVXOWDGR
)XQFLRQDPLHQWRGHOD2ÀFLQD
GH5HODFLyQFRQORV*UDGXD
GRV
(MHFXFLyQGHORVSUR\HFWRV\
VXFRQWLQXLGDG
$FWXDOL]DFLyQGHORVGDWRVGH
ORVJUDGXDGRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3iJLQD:HELQVWLWXFLRQDO
&RQVWUXFFLyQGHOZHEGHJUD
GXDGRV
&RQVWUXFFLyQGHOZHEGHORV
HJUHVDGRV
'LYXOJDFLyQ GH OD 2ÀFLQD GH
5HODFLyQFRQORV*UDGXDGRV
D WUDYpV GH OD KRMD LQIRUPD
WLYD
&RQVWUXFFLyQGHXQDKRMDLQ
IRUPDWLYD
,QIRUPDFLyQ LPSRUWDQWH SDUD
ORVJUDGXDGRV\GRFXPHQWRV
TXH OH SHUPLWLUiQ DFWXDOL]DU
VXVGDWRVSHUVRQDOHV
HVWXGLDQWHVTFRQGD
WRVDFWXDOL]DGRV
(VWH SUR\HFWR KD VLGR GH
JUDQ p[LWR FRQ HO JUDGXDGR
/D +RMD ,QIRUPDWLYD VH HQ
WUHJD D FDGD HVWXGLDQWH TXH
KD SDVDGR SRU QXHVWUDV RÀ
FLQDV
2ÀFLQD(MHFXWRUDGH3URJUDPDV
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWR\UHSDUDFLyQ
DHTXLSRVGHODERUDWRULRV
FLHQWtÀFRV
7HUPLQDUGHSURSRUFLRQDUORV
PDWHULDOHV \ UHSXHVWRV SDUD
HO PDQWHQLPLHQWR SUHYHQWLYR
\ FRUUHFWLYR GH ORV HTXLSRV
GHODERUDWRULRVFLHQWtÀFRVGH
ODVIDFXOWDGHVHQHO&DPSXV
&HQWUDO\ORV&HQWURV5HJLR
QDOHV8QLYHUVLWDULRV
)LQDOL]D HO DxR FRQ OD
XWLOL]DFLyQ GHO VDOGR GH ORV
IRQGRV GHO SUHVXSXHVWR GH
LQYHUVLyQ SRU %
GHVWLQDGRV D OD UHSDUDFLyQ
\ PDQWHQLPLHQWR GH HTXLSRVGHODERUDWRULRVFLHQ
WtÀFRV GH ORV FXDOHV HQ HO
&DPSXV &HQWUDO VH DWHQGLH
URQ \ HQ ORV &HQWURV
5HJLRQDOHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$GHFXDFLRQHVGHOD(VFXHOD
GH4XtPLFDGHOD)DFXOWDGGH
&LHQFLDV 1DWXUDOHV ([DFWDV
\7HFQRORJtD
$GHFXDUODVLQVWDODFLRQHVGHO
PLFD GHPROLFLyQ H LQVWDOD
FLyQGHSLVRVLQVWDODFLyQGH
H[WUDFWRUHVGHJDVHVWy[LFRV
FDPELRGHOXPLQDULDV\SLQWX
UDHSy[LFDHQORVODERUDWRULRV
\SDVLOORV6XVWLWXLUODYHQWLOD
FLyQGHPDGHUDH[LVWHQWHSRU
YHUMDV
$GTXLULUXWLOHUtDGHODERUDWR
ULRSDUDODV)DFXOWDGHVGH
&LHQFLDV1DWXUDOHV\&LHQ
FLDVGHOD6DOXG
$GTXLVLFLyQGHXWLOHUtDGHOD
ERUDWRULR SDUD ODV )DFXOWD
GHV GH &LHQFLDV 1DWXUDOHV
&LHQFLDV GH OD 6DOXG \ &HQ
WURV 5HJLRQDOHV 8QLYHUVLWD
ULRV
$GTXLULU HTXLSRV GH ODERUD
WRULRV PDWHULDOHV \ XWLOHUtD
SDUD ORV )DFXOWDGHV \ &HQ
WURV5HJLRQDOHV
3URYHHUGHHTXLSRVGHODER
FXOWDGHV\DORV&HQWURV5H
JLRQDOHV8QLYHUVLWDULRV
6H FRQFUHWD HO SUR\HFWR GH
DGHFXDFLyQ
6HHQWUHJDXWLOHUtDGHODERUD
WRULR D ORV &HQWURV 5HJLRQD
OHV\)DFXOWDGHVHQHO&DP
SXV&HQWUDOSRUXQPRQWRGH
%
6HDGTXLHUHQHTXLSRVFRPR
0LFURVFRSLRV(TXLSRGH3X
GH(VSHFWURPHWUtD1HYHUDV
,QFXEDGRUDV 0XOWLJDV 0L
FURVFRSLR ,QYHUWLGR &iPD
UDVGH([WUDFFLyQGH*DVHV
(VWHUHRVFRSLRV PDWHULDOHV
\ YLGULHUtD SDUD ODERUDWRULRV
HQWUHRWURV
8QLGDGHV
&58GH
/RV6DQWRV
%
&58GH
%RFDVGHO7RUR
&58&ROyQ &58GH
9HUDJXDV
&58GH
3DQDPi2HVWH
7pFQLFRV UHDOL]DQGR UHSDUDFLRQHV HQ HO &HQWUR 5HJLRQDO 8QLYHUVLWDULR GH
&KLWUp
&58GH&RFOp 5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
([WHQVLyQGH
$JXDGXOFH
&LHQFLDV$JUR
SHFXDULRV
/DE)HFXQ
GDFLyQ,QYLWUR
)DFXOWDGGH
)DUPDFLD
)DFXOWDGGH
0HGLFLQD
)DFXOWDGGH
&LHQFLDV1DWX
UDOHV([DFWDV
\7HFQRORJtD
&OtQLFDGH
&XUXQG~
&58GH$]XHUR (QWUHJDGHHTXLSRVHQHO&HQWUR5HJLRQDO8QLYHUVLWDULRGH&RFOp
0DQWHQLPLHQWR \ UHSDUDFLyQ D
HTXLSRV GH ODERUDWRULRV FLHQWt
([WHQVLyQ
'DULpQ
7HUPLQDUGHSURSRUFLRQDUORV
PDWHULDOHV \ UHSXHVWRV SDUD
HO PDQWHQLPLHQWR SUHYHQWLYR
\ FRUUHFWLYR GH ORV HTXLSRV
6H LQLFLD HO DxR FRQ OD FRQ
WUDWDFLyQ GH GRV WpFQLFRV
SDUD OD UHSDUDFLyQ \ PDQWH
QLPLHQWR GH ORV HTXLSRV GH
ODV )DFXOWDGHV HQ HO &DP
SXV&HQWUDO\HQORV&HQWURV
5HJLRQDOHV8QLYHUVLWDULRV
ODV )DFXOWDGHV GH ODV &LHQ
FLDV1DWXUDOHV&LHQFLDVGHOD
6DOXG\&LHQFLDV$JUDULDVHO
&DPSXV &HQWUDO \ HQ &HQ
WURV5HJLRQDOHVSRUXQPRQWR
GH%
6HKDQLQVWDODQGROXPLQD
$GHFXDFLRQHV GH OD (VFXHOD
GH)tVLFD)DFXOWDGGH&LHQFLDV
1DWXUDOHV ([DFWDV \ 7HFQROR
JtD
$GHFXDUODVLQVWDODFLRQHVGH
OD (VFXHOD GH )tVLFD GH OD
)DFXOWDG GH &LHQFLDV 1DWX
UDOHV([DFWDV\7HFQRORJtD
&RRUGLQDFLyQ \ VHJXLPLHQWR
DODVDGHFXDFLRQHVGHOD6DOD
GH(VWXGLRV\GHO&HQWURGH,Q
YHVWLJDFLyQGH0HGLFDPHQWRV\
7y[LFRVGHOD)DFXOWDGGH)DU
$GHFXDUODViUHDVGHHVWXGLR
\GHO&HQWURGH,QYHVWLJDFLyQ
GH 0HGLFDPHQWRV \ 7y[LFRV
GH OD )DFXOWDG GH )DUPDFLD
SLQWDGRORVVDORQHV\SDVLOORV
GHGLFKDHVFXHODFRQXQDLQ
YHUVLyQGH%
6HWHUPLQDHOWUDEDMRGHHVWDV
iUHDVFRQYHQWDQDOGHYLGULR
SLQWDGRFRQFLHORUDVRPREL
OLDULRGHHVWXGLR²PHVDVFRQ
OXPLQDULDV(OWUDEDMRLQFOX\H
ORV $$ TXH TXHGDQ IXQFLR
QDQGRSHUIHFWDPHQWH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$SR\RSDUDODDGPLQLVWUDWLYR
GH IRQGRV GH FDSDFLWDFLyQ
GHO SHUVRQDO DGPLQLVWUDWLYR
UHODFLRQDGRVFRQHOSUR\HFWR
GH 0RGHUQL]DFLyQ \ 6LPSOLÀ
FDFLyQGH3URFHVRV$GPLQLV
WUDWLYRV
&DSDFLWDUDOSHUVRQDODGPL
QLVWUDWLYRTXHOD'LUHFFLyQGH
3HUVRQDOLQGLTXHSDUDODPR
GHUQL]DFLyQ \ VLPSOLÀFDFLyQ
GHOSURFHVRVDGPLQLVWUDWLYRV
'HO IRQGR DVLJQDGR VH KD
HMHFXWDGR HO HQ ODV FD
SDFLWDFLRQHVGHOSHUVRQDODG
PLQLVWUDWLYR SDUD HO SUR\HFWR
GH PRGHUQL]DFLyQ \ VLPSOLÀ
FDFLyQGHORVSURFHVRVDGPL
QLVWUDWLYRVGHO6,3$)FRQXQD
LQYHUVLyQGH%
7HUPLQDU ODV DGHFXDFLRQHV
GH OD (VFXHOD GH 4XtPLFD
GH OD )DFXOWDG GH &LHQFLDV
1DWXUDOHV ([DFWDV \ 7HFQR
ORJtD
7HUPLQDUGHDGHFXDUODVLQV
WDODFLRQHV GHO HGLÀFLR GH OD
(VFXHODGH4XtPLFD
(VWD HWDSD ÀQDOL]D FRQ HO
FXPSOLPLHQWR GHO GH
ODVDFWLYLGDGHV
6HLQVWDODURQ
)XHQWHVGHDJXD
/XPLQDULDV
$EDQLFRVGH7HFKR
([WUDFWRUHVGHDLUH
0W %DOGRVDGH
3RUFHODQDWR
9HUMDV
$$GH%78
$$GH
/HWUHURV
0HVDVGH
/DERUDWRULRV
3LQWXUD(Sy[LFD\
PDWHULDOHV
&RUWLQDV
0RQWRGH%
5HVWDXUDFLyQGHODFOtQLFDPyYLOGH(QIHUPHUtD
5(1',&,Ð1'(&8(17$6
2UJDQLVPR(OHFWRUDO8QLYHUVLWDULR
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDFLyQGLULJLGDDHQOD
FHV GHO 2UJDQLVPR (OHFWRUDO
8QLYHUVLWDULR
,OXVWUDUHLQIRUPDUDQXHVWURV
HQODFHV VREUH WHPDV GH LP
SRUWDQFLD VREUH OD HOHFFLyQ
FRQYRFDGD
'HVDUUROOR HÀFD] \ RUGHQDGR
TXHJDUDQWL]DFODULGDGHQGL
FKRSURFHVR
&DSDFLWDFLyQGLULJLGDDHQOD
FHV 'LUHFWRUHV GH &HQWURV
5HJLRQDOHV &RRUGLQDGRUHV
GH ([WHQVLRQHV 8QLYHUVLWD
ULDV
(QWUHJDGH0DWHULDOHVHOHFWR
UDOHV\EROHWDVGHYRWDFLyQ
0DWHULDOHV HOHFWRUDOHV \ EROH
WDVGHYRWDFLyQHQWUHJDGRV
*LUDDODVSURYLQFLDVFHQWUDOHV
$FHUFDPLHQWRFRQORVHQODFHV
HOHFWRUDOHV
6H ORJUD XQD EXHQD FRPXQL
FDFLyQFRQORVHQODFHV
(OHFFLRQHV GH ORV UHSUHVHQ
WDQWHV GH ORV SURIHVRUHV \
HVWXGLDQWHV $QWH HO FRQVHMR
JHQHUDOXQLYHUVLWDULR
5HDOL]DUHQIRUPDRUGHQDGD\
WUDQVSDUHQWHODVHOHFFLRQHV
5HFRQRFLPLHQWRDORVHOHFWRV
)DFXOWDGGH(FRQRPtD$XGLWRULR-RVp'RORUHV0RVFRWHGXUDQWHFHOHEUDFLyQGHOUHIHUpQGXP
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
(OHFFLRQHV GH UHSUHVHQWDQ
WHV HVWXGLDQWLOHV DQWH -XQWD
GH )DFXOWDG \ GH (VFXHOD \
GLUHFWLYDVGHFHQWURGHHVWX
GLDQWHV
5HDOL]DUHQIRUPDRUGHQDGD\
WUDQVSDUHQWHODVHOHFFLRQHV
5HFRQRFLPLHQWRDORVHOHFWRV
&HOHEUDFLyQGHUHIHUHQGXP
GHMXQLRGH
'H OD SURSXHVWD GH UHIRUPD
GH OD OH\ RUJiQLFD GH OD 8QL
YHUVLGDG GH 3DQDPi SDUD OD
UHHOHFFLyQGH5HFWRU
8QSURFHVRWUDQVSDUHQWH\GH
PRFUiWLFRPHGLDQWHHOFXDOORV
WUHVHVWDPHQWRVXQLYHUVLWDULRV
HPLWLHURQ VX YRWR UHVXOWDQGR
HO FRQWHR ÀQDO IDYRUDEOH D OD
UHHOHFFLyQ
3URFODPDFLyQ GHO WULXQIR GHO
VLHOGHMXOLRGH
&XPSOLU FRQ HO SURFHVR GHO
5HJODPHQWRGH(OHFFLRQHV
'DU D FRQRFHU HO UHVXOWDGR
ÀQDO
(OGLUHFWRUGHO2UJDQLVPR(OHFWRUDO8QLYHUVLWDULR5RODQGR0XUJDV7RUUD]DGXUDQWHFRQIHUHQFLDGHSUHQVDRIUHFLGDD
ORVPHGLRVGHFRPXQLFDFLyQ
5(1',&,Ð1'(&8(17$6
&DPSXV+DUPRGLR$ULDV0DGULG
3UR\HFWR0HWD5HVXOWDGR
'RWDU DO &DPSXV +DUPRGLR
$ULDV 0DGULG GH XQD FDIHWH
UtD TXH RIUH]FD XQ VHUYLFLR
GH FDOLGDG D ORV HVWXGLDQWHV
GRFHQWHV\DGPLQLVWUDWLYRVGH
HVWHFDPSXV
&DIHWHUtDWHUPLQDGD\SUHVWDQ
GRHOVHUYLFLRDODFRPXQLGDG
XQLYHUVLWDULD
'DU PDQWHQLPLHQWR D WRGRV
PRGLR$ULDV0DGULG
,QLFLDGRFRQODDGTXLVLFLyQGH
GRV PiTXLQDV ODYDGRUDV GH
SUHVLyQ
'RWDUDORVJLPQDVLRVGHORV
HTXLSRVQHFHVDULRV
,QVWDODFLyQ GH XQ WDEOHUR
HOHFWUyQLFRHQXQRGHORVJLP
QDVLRVSDUDXVRDFDGpPLFR
$GTXLVLFLyQ GH XQ WDEOHUR
HOHFWUyQLFR
6LVWHPDGHFRPXQLFDFLyQ
0HMRUDU OD FRPXQLFDFLyQ HQ
HO &DPSXV +DUPRGLR $ULDV
0DGULG
&RQVWUXFFLyQ GH XQD QXHYD
FDIHWHUtD
6HUYLFLR GH OLPSLH]D GH ORV
,QLFLDQGR FRQ OD DGTXLVLFLyQ
GHXQDFHQWUDOWHOHIyQLFD
(O'U*XVWDYR*DUFtDGH3DUHGHV\HO'U1HOVRQ1RYDUURGXUDQWHODLQDXJXUDFLyQGHODFDIHWHUtDGH&XUXQGX
81,9(56,'$''(3$1$0É
$GTXLVLFLyQGHQXHYDVLOODGHQWDO
3UR\HFWR0HWD5HVXOWDGR
0HMRUDU OD VHJXULGDG HQ HO
'RPR8QLYHUVWDULR
$SR\DU DO FXHUSR GH VHJXUL
GDGHQODYLJLODQFLDGHO&DP
SXV+DUPRGLR$ULDV0DGULG
$GHFXDFLyQGHODHQWUDGDGHO
'RPR8QLYHUVWDULR
0HMRUDU HO DVSHFWR GH OD HQ
WUDGD SULQFLSDO GHO &DPSXV
+DUPRGLR$ULDV0DGULG
6HUYLFLRGHPDQWHQLPLHQWR\
OLPSLH]DGHODSLVFLQD
0DQWHQHU HQ ySWLPDV FRQ
GLFLRQHV OD SLVFLQD GH HVWH
&DPSXV
$GTXLVLFLyQGHVLOOyQGHQWDO
'RWDUGHXQHTXLSRDSURSLDGR
D OD FOtQLFD RGRQWROyJLFD GH
HVWH&DPSXV
(VWiHQSURFHVRGHFRPSUD
+DELOLWDFLyQ GHO 7DOOHU GH$U
WHV9LVXDOHV
'RWDU GH XQ HVSDFLR ItVLFR
TXHOHSHUPLWDDORVHVWXGLDQ
WHV GH %HOODV $UWHV UHDOL]DU
VXVODERUHVDFDGpPLFDVGHOD
PDWHULDGH(VFXOWXUD
7DOOHUGHDUWHVYLVXDOHVWHUPL
QDGR
$GTXLVLFLyQGHFiPDUDVGHYL
JLODQFLD
6XPLQLVWUR GH SXHUWDV GH YL
GULRSDUDODHQWUDGDSULQFLSDO
6HUHDOL]DWUHVYHFHVDODVH
PDQD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWR GHO VLVWHPD
GHDLUHVDFRQGLFLRQDGRV
'DU PDQWHQLPLHQWR \ FDP
ELDUORVUHSXHVWRVQHFHVDULRV
SDUDTXHHODLUHDFRQGLFLRQD
GRIXQFLRQHDGHFXDGDPHQWH
$GTXLVLFLyQ GH WUHV EORZHUV
FRPSOHWRSDUDXVRHQODVPD
QHMDGRUDV \ DGTXLVLFLyQ GH
WUHVHMHVGULYHSDUDODVWRUUHV
GHHQIULDPLHQWR
0HMRUDUODHÀFLHQFLDDGPLQLV
WUDWLYD
&RQWDU FRQ XQ HTXLSR TXH
SHUPLWD OD IDFLOLGDG GH FRSLD
GH GRFXPHQWRV QHFHVDULRV
HQODRÀFLQD
$GTXLVLFLyQ GH XQD IRWRFR
SLDGRUD
(PEHOOHFLPLHQWR GHO 'RPR
8QLYHUVLWDULR
'DU XQ PHMRU DVSHFWR DO
'RPR 8QLYHUVLWDULR SDUD TXH
VHD XWLOL]DGR HQ WRGR WLSR GH
HYHQWRV
&RPSUDGHFDUULOHUDVSDUDODSLVFLQD
$GTXLVLFLyQ \ FRORFDFLyQ GH
FRUWLQDVHQHO'RPRWHUPLQDGR
81,9(56,'$''(3$1$0É
3HULyGLFRGHOD8QLYHUVLGDG
3UR\HFWR0HWD5HVXOWDGR
'LUHFFLyQGHOVHPDQDULR
5HVSDOGDU D OD LQVWLWXFLyQ D
WUDYpVGH(O6HPDQDULR/D8
FRPRVXYR]
(O SHULRGLVPR D REWHQLGR UH
VXOWDGRVDWLVIDFWRULRFRPRXQD
SROtWLFDGHGLYXOJDFLyQ
'LYXOJDFLyQGHODRIHUWDDFD
GpPLFD\GHODVDFWLYLGDGHV
HQJHQHUDOGHODXQLYHUVLGDG
&DQDOL]DUODVSXEOLFDFLRQHVGH
VXSOHPHQWRV \ SiJLQDV TXH
SHUPLWDQ LQJUHVRV SDUD ODV À
QDQ]DVGHOD8QLYHUVLGDG
3HUPDQHQWHPHMRUtDGHODFD
OLGDGGHOSURGXFWRORTXHVLJ
QLÀFDTXHVHUHÁHMDFXDOLWDWLYD
\FXDQWLWDWLYDPHQWH
,QJUHVRSRUDXWRJHVWLyQ
)RUWDOHFHU OD HVWUXFWXUD GH
SXEOLFLGDG \ YHQWD GH DQXQ
FLRVSDUD TXH JHQHUH IRQGRV
GHDXWRJHVWLyQ
5HVXOWDGRV KDQ VLGR EHQHÀ
FLRVRVSDUDODLQVWLWXFLyQ
'LUHFFLyQ8QLYHUVLGDG²(PSUHVD
3UR\HFWR0HWD5HVXOWDGR
0RGHORGLQiPLFRGHYLQFXOD
FLyQ8QLYHUVLGDG²(PSUHVD
²(VWDGR8Q((
&RPSOHWDU OD SULPHUD IDVH
FRQ OD SUHVHQWDFLyQ GH XQD
SURSXHVWD GH YLQFXODFLyQ
TXHHVWiUHSUHVHQWDGRSRUHO
(VWDGRHOVHFWRUHPSUHVDULDO
\ODDFDGHPLD
6H KD HODERUDGR HO 3UR\HF
WR 81(( FRQ OD SDUWLFLSDFLyQ
GH WRGDV ODV XQLYHUVLGDGHV
S~EOLFDV OD 8QLYHUVLGDG /DWL
QD &RVSDH \ 803<0( 6H
KDSDUWLFLSDGRHQUHXQLRQHV\
WDOOHUHV FRQ UHSUHVHQWDQ
WHV GH OD 8QLYHUVLGDG 7HFQR
OyJLFD 8QLYHUVLGDG 0DUtWLPD
8QLYHUVLGDG(VSHFLDOL]DGDGH
ODV$PpULFDV8QLYHUVLGDG/D
WLQD&RVSDH\803<0(6H
KDHODERUDGRODSURSXHVWDTXH
VHUi SUHVHQWDGD D ODV DOWDV
DXWRULGDGHVGHODV8QLYHUVLGD
GHVSDUWLFLSDQWHV\UHSUHVHQWDQ
WHVHPSUHVDULDO
5(1',&,Ð1'(&8(17$6
(QHODFWRGHSUHVHQWDFLyQGHOSUR\HFWRVHKL]RHQWUHJDGHSODFDGHUHFRQRFLPLHQWRDO'U*XVWDYR
*DUFtDGH3DUHGHV
3UR\HFWR0HWD5HVXOWDGR
6LVWHPD GH ,QFXEDFLyQ SDUD
HO'HVDUUROOR(PSUHVDULDOGH
OD5HS~EOLFDGH3DQDPi
)RUWDOHFLPLHQWR GH OD YLQFX
ODFLyQ8QLYHUVLGDG(PSUHVD
FRQ HO VHFWRU S~EOLFR SULYD
GR21*6\RWUDVRUJDQL]D
FLRQHVFRQODFUHDFLyQGHXQ
HQWRUQR SDUD OD LQFXEDFLyQ
FRQ LQLFLDWLYDV HPSUHQGH
GRUDV HQ GLVWLQWDV iUHDV GH
JHVWLyQ
(O SUR\HFWR SURPRYHUi HO
GHVDUUROOR GH XQD FXOWXUD GH
IRPHQWR HPSUHVDULDO \ GHO
FDSLWDOKXPDQRSDUDRULHQWDU
GHVGH OD JHQHUDFLyQ GHO FR
QRFLPLHQWR6HKDLQLFLDGROD
LPSOHPHQWDFLyQGHLQFXED
GRUDV
&HQWUR GH ,QQRYDFLyQ H
,QFXEDGRUD (PSUHVDULDO
GH$]XHUR
&HQWUR ,QQRYDFLyQ \
'HVDUUROOR (PSUHVDULDO
)$(&283
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6LVWHPD GH ,QFXEDFLyQ SDUD
HO'HVDUUROOR(PSUHVDULDOGH
OD5HS~EOLFDGH3DQDPi
&RPSOHWDU OD SULPHUD IDVH
GH FDSDFLWDU D ORV GRFHQWHV
SDUD VHU IDFLOLWDGRUHV GH ID
FLOLWDGRUHV
&DSDFLWDFLyQ D ORV HPSUHQ
GHGRUHV \ 3\PHV GH SODQHV
GH QHJRFLRV \ JHVWLyQ GH OD
FDOLGDG
&RQFOX\yHOSULPHU6HPLQDULR
GH &,,( &58$$FWXDOPHQWH
VH FDSDFLWDQ GRV JUXSRV GH
GRFHQWHVHQHO&,'()$(&2
²83
&RPLVLyQGH7UDEDMRFRPSXHVWDSRUOD3URIHVRUD0D\UD/HH²'LUHFWRUDGH'81,9(0HO3URIHVRU
-RVp/XLV6ROtV&HGHxR²'LUHFWRU&58$\ORVGLUHFWRUHVGHODV,QFXEDGRUDVGH&58$3URIHVRU/HR
QDUGR&ROODGR\HO3URIHVRU+RUDFLR5RGUtJXH]GH)$(&2
5(1',&,Ð1'(&8(17$6
&RPSOHMR+RVSLWDODULR9HWHULQDULRGH&RUR]DO
3UR\HFWR0HWD5HVXOWDGR
0HMRUDVGHODVLQVWDODFLRQHV
ItVLFDVGHOKRVSLWDO,HWDSD
0HMRUDUHOHVWDGRItVLFRGHiUHD
GHFOtQLFDUHFHSFLyQFRQVXOWR
ULRVODERUDWRULRiUHDVGHFLUX
JtDQHFURSVLD\SHUUHUDV
ÉUHD DGPLQLVWUDWLYD 'LUHF
FLyQ UHFHSFLyQ DGPLQLVWUD
FLyQ
ÉUHD FOtQLFD VH FRQIHFFLRQy
HLQVWDOyPRGXODUSDUDHOiUHD
GH UHFHSFLyQ HQ ORV FRQVXO
WRULRV VH LQVWDODURQ PXHEOHV
PRGXODUHV EDOGRVDV \ D]XOH
MRVHQSDUHGHV\SLVRODYD
PDQRVFLHORUDVR\OXPLQDULDV
QXHYDV (Q HO ODERUDWRULR VH
LQVWDODURQSXHUWDV\YHQWDQDV
GHYLGULR\DOXPLQLR
(Q HO iUHD GH FLUXJtD VH LQV
WDOy ODYDPDQRV FRQ JULIR GH
VHQVRU
3HUUHUDV 6H LQVWDODURQ EDO
GRVD\D]XOHMRVHQSLVRV\SD
UHGHV VH UHSDUDURQ ODV VXV
SHQGLGDV\ODVSXHUWDVGHORV
FXEtFXORV
3LQWXUDHQJHQHUDO
ÉUHD DGPLQLVWUDWLYD ,QVWDOD
FLyQGHEDOGRVDVYHQWDQDVGH
YLGULR\DOXPLQLRHQRÀFLQDV\
ODERUDWRULR\SLQWXUDHQJHQH
UDO
,PSDFWRHQODSREODFLyQ²6D
WLVIDFFLyQSRUODQXHYDLPDJHQ
TXHEULQGDHO&RPSOHMR9HWH
ULQDULR
9LVWDGHOiUHDGHDWHQFLyQGHOD&OtQLFD
%HQHÀFLDULRV FOLHQWHV \ FROD
ERUDGRUHV
81,9(56,'$''(3$1$0É
(VWXGLDQWHVGHODIDFXOWDGGH0HGLFLQD9HWHULQDULDUHFLEHQLQVWUXFFLRQHVSRUSDUWHGHOSHUVRQDOGHO&RPSOHMR+RVSL
WDODULRGH&RUR]DO
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWR \ UHSDUDFLyQ
GHSODQWDHOpFWULFD
0DQWHQHU OD SODQWD HOpFWULFD
HQEXHQHVWDGRSDUDORVHSL
VRGLRVGHIDOWDGHÁXLGRHOpF
WULFR
$PSOLDFLyQ GH OD FREHUWXUD
GHO KRUDULR GHO VHUYLFLR TXH
EULQGD HO &RPSOHMR +RVSLWD
ODULR
%ULQGDUHOVHUYLFLRGHPDQHUD
LQLQWHUUXPSLGD ORV GtDV
GHODxR
$PSOLDFLyQ GH OD FREHUWXUD
GHO KRUDULR GHO VHUYLFLR TXH
EULQGD HO &RPSOHMR +RVSLWD
ODULR
$XPHQWDUORVLQJUHVRVSRUORV
VHUYLFLRV EULQGDGRV ,QJUHVR
SURPHGLRDQWHULRU%
PHQVXDODSUR[LPDGDPHQWH
5HSDUDFLyQ\SXHVWDHQPDU
FKD GH OD SODQWD HOpFWULFD EH
QHÀFLDQGR D ORV DGPLQLVWUDWL
YRV \ FOLHQWHV GHO &RPSOHMR
\DTXHDIDOWDGHÁXLGRHOpFWUL
FRHOVHUYLFLRHVFRQWLQXR
$ UDt] GH OD DSUREDFLyQ SRU
SDUWHGHO&RQVHMR$GPLQLVWUD
WLYR GH OD 8QLYHUVLGDG GH 3D
QDPi GHO QXHYR KRUDULR \ OD
FRQWUDWDFLyQGHSHUVRQDOPH
GLFRHOKRVSLWDOWUDEDMDORV
GtDVGHODxR
&RQ OD UHYLVLyQ GHO OLVWDGR GH
SUHFLR\HOFDPELRGHKRUDULR
HO KRVSLWDO HVWi IDFWXUDQGR
%PHQVXDOHVDSUR[L
PDGDPHQWH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
,PSDFWR HQ OD XQLGDG HQ PD
WHULD GH SUHVXSXHVWR ² 6RO
YHQFLDSDUDDIURQWDUORVJDVWR
RSHUDWLYRV
3UR\HFFLyQ GHO &RPSOHMR
+RVSLWDODULR HQ OD FRPXQL
GDG
$XPHQWDUODFDUWHUDGHFOLHQ
WHV\EULQGDUVHUYLFLRVRFLDOD
ODFRPXQLGDG
,QVWDODFLRQHVGHO&RPSOHMR+RVSLWDODULRGH&RUR]DO
0HGLDQWH OD SDUWLFLSDFLyQ HQ
ODV IHULDV FRPXQLWDULDV \ OD
SURPRFLyQ GHO KRVSLWDO D WUD
YpV GH YRODQWHR HQ OXJDUHV
HVSHFtÀFRV VH ORJUy DXPHQ
WDU OD FDQWLGDG GH FRQVXOWDV
\ VHUYLFLRV EULQGDGRV HQ HO
&RPSOHMR
,,9,&(55(&725Ì$6
81,9(56,'$''(3$1$0É
,,9,&(55(&725Ì$6
9LFHUUHFWRUtD$FDGpPLFD
/D9LFHUUHFWRUtD$FDGpPLFDOOHYyDFDERODJHVWLyQDFDGpPLFDHÀFLHQWH\HÀFD]PHQWHORTXHSHUPLWLy
IDFLOLWDUODDGHFXDGDODERUTXHVHGHVDUUROODHQODV)DFXOWDGHV&HQWURV5HJLRQDOHV8QLYHUVLWDULRV\([
WHQVLRQHV8QLYHUVLWDULDVJDUDQWL]DQGRODFDOLGDGHQORVSURFHVRGHHQVHxDQ]DDSUHQGL]DMHHQDOiPELWR
GHSUHJUDGR\JUDGR
(O 'RFWRU -XVWR 0HGUDQR HQ UHXQLyQ SDUD HYDOXDFLyQ GHO GRFXPHQWR GH 5HQGLFLyQ GH &XHQWDV GH OD
9LFHUUHFWRUtD$FDGpPLFD
'HVSDFKR6XSHULRU
3UR\HFWR0HWD5HVXOWDGR
*HVWLyQ DFDGpPLFD SDUD OD
HÀFLHQFLD \ FDOLGDG GH ORV
SURFHVRVDFDGpPLFRVDGPL
QLVWUDWLYRV
*DUDQWL]DU OD Pi[LPD HÀ
FLHQFLDGHORVSURFHVRVDFD
GpPLFRV
'HVDUUROOy FXDUHQWD UHXQLRQHVGHOD&RPLVLyQGH
$VXQWRV $FDGpPLFRV SDUD
OD HYDOXDFLyQ \ GLVFXVLyQ
GH
WHPDV
DFDGpPLFRV
TXH VH SUHVHQWDURQ DO
&RQVHMR$FDGpPLFR SDUD VX
DSUREDFLyQ
5(1',&,Ð1'(&8(17$6
&RPLVLyQGHDVXQWRV$FDGpPLFRVDQDOL]DQGRWHPDVFRUUHVSRQGLHQWHVDO&RQVHMR$FDGpPLFR
3UR\HFWR0HWD5HVXOWDGR
3DUWLFLSDFLyQ HQ SUR\HFWRV
HVSHFLDOHV SDUD Q~FOHR FR
P~Q8QLYHUVLGDG9LUWXDO3D
UHV ([WHUQRV 7UDVIRUPDFLyQ
$FDGpPLFD&XUULFXODU
7UiPLWH GH GRV PLO TXLQLHQ
WDV VHVHQWD \ QXHYH QRWDVHQHOSHUtRGRGHMXOLRD
GLFLHPEUHGH\WUHVPLO
RFKHQWD \ FLQFR FR
UUHVSRQGLHQWH D HQHURMXOLR
GH
-RUQDGDV DFDGpPLFDV HQ HO
H[WHULRU
&XPSOLUFRQORVFRPSURPLVRV
LQVWLWXFLRQDOHV SDUD DWHQGHU
WHPiWLFDDFDGpPLFD
5HSUHVHQWDFLyQHQHO6HJXQ
GR (QFXHQWUR GH 5HFWRUHV
8QLYHUVLD HQ *XDGDODMDUD
0p[LFR
81,9(56,'$''(3$1$0É
'LUHFFLyQ$GPLQLVWUDWLYD
3UR\HFWR0HWD5HVXOWDGR
'HVDUUROOR DGPLQLVWUDWLYR GH
OD9LFHUUHFWRUtD$FDGpPLFD
&RQWDU FRQ ORV LQVXPRV
HTXLSRV \ OD ORJtVWLFD QHFH
VDULD SDUD OD UHDOL]DFLyQ GH
ORV HYHQWRV \ DFWLYLGDGHV
DFDGpPLFDVGHOD9LFHUUHFWR
UtD$FDGpPLFD
6H HMHFXWy HO GHO SUH
VXSXHVWRGHIXQFLRQDPLHQWR
UHFLELpQGRVH HO GH ORV
HTXLSRV \ VXPLQLVWUR D GL
FLHPEUHGH
'H HQHUR D PDU]R GH VHUHFLELyHOUHVWDQWHGH
ODV FRPSUDV HIHFWXDGDV FRQ
SUHVXSXHVWR
'HO SUHVXSXHVWR VH
KD FRPSURPHWLGR HO GH
IXQFLRQDPLHQWR\GH
DXWRJHVWLyQ
,PSUHVLyQ GH WUHV PLO RFKR
FLHQWDV GRFXPHQWRV
UHODFLRQDGRV D HYDOXDFLyQ GH
WtWXORVFLHQWRFLQFXHQWD
GRFXPHQWRV GH HVWUXFWXUD
DFDGpPLFD FLHQWR FLQFXHQWD
LQIRUPHV GH HYDOXDFLyQ
GH FDUUHUD WpFQLFD FLQFXHQWD
MXHJRVGHUHJODPHQWRSRU
UHVROXFLyQ GH SURIHVRUHV HV
SHFLDOHV\DVLVWHQWHVGRVFLHQ
WRVFLQFXHQWDVPDQXD
OHVGHXVXDULRVGH%DQFRGH
'DWRVGRVFLHQWDVFLQFXHQWDV
DÀFKHV GHO FDOHQGDULR
DFDGpPLFR TXLQ
FH GRFXPHQWRV SDUD
FRPLVLyQ GH WUDQVIRUPDFLyQ
DFDGpPLFD FXUULFXODU GH OD
HGXFDFLyQPHGLDFLHQWRFLQ
FXHQWDJXtDSDUDODHOD
ERUDFLyQ GH OD RUJDQL]DFLyQ
DFDGpPLFD WUHV PLO TXLQLHQ
WDV4XLMRWDGDV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
7UiPLWH GH YLiWLFRV SDUD HO
GHVDUUROORGHFXDWURMRU
QDGDV DFDGpPLFDV HQ ORV
&HQWURV5HJLRQDOHVGRV
SDUDIRUWDOHFHUORVSURFHVRV
GH %DQFR GH 'DWRV \ GRV
SDUD DVHVRUDU OD HODER
UDFLyQ GH OD 2UJDQL]DFLyQ
$FDGpPLFD
$GTXLVLFLyQGHHTXLSRVSDUD
HO IXQFLRQDPLHQWR GH OD
9LFHUUHFWRUtD$FDGpPLFD
&RQWDU FRQ ORV HTXLSRV UH
TXHULGRVSDUDODFRQVHFXFLyQ
HÀFLHQWHGHODVODERUHVGHOD
9LFHUUHFWRUtD$FDGpPLFD
$GTXLVLFLyQ GH GRV ODSWRS GRV SUR\HFWRUHV
FXDWUR LPSUHVRUDV ODVHU
XQD JUDEDGRUD GLJLWDO
WUHVVFDQQHUWUHVPR
QLWRUHV XQ LQWHUFRP VLH
WH836XQDPiTXLQD
IUDQTXHDGRUD GH FKHTXHV
GRV FRPSXWDGRUDV FXD
WURDLUHVVSOLWGRQDGRVSRU
HO5HFWRU
)RUWDOHFLPLHQWR GHO SUHVX
SXHVWRGHDXWRJHVWLyQ
*HQHUDU LQJUHVRV SRU VHU
YLFLRV YDULRV RIUHFLGRV TXH
IDFLOLWHQ OD DWHQFLyQ GH ODV
QHFHVLGDGHV
6HJHQHUyXQIRQGRSRUWUHV
PLOVLHWH%GyOD
UHVHQHO\GRVPLOGLH
FLQXHYHGyODUHVGH
HQHURDMXOLR
3HUIHFFLRQDPLHQWRGHOUHFXU
VRKXPDQR
&DSDFLWDU DO SHUVRQDO DGPL
QLVWUDWLYRHQQXHYDVWpFQLFDV
TXH IDFLOLWH HO FXPSOLPLHQWR
GHODVODERUHV\ODFDOLGDGGH
VHUYLFLRV
6H FDSDFLWDURQ RFKR IXQFLRQDULRV HQ FXUVRV GH
([FHO UHODFLRQHV ODERUDOHV
DQWHSUR\HFWR GH SUHVXSXHV
WRQRUPDVGHFRQWUROLQWHUQR
\GLGiFWLFDGHOQLYHOVXSHULRU
$VLVWHQFLD
ORJtVWLFD
D
&RPLVLyQ GH &RQVHMR GH
)DFXOWDGHV\GH&HQWURV5H
JLRQDOHV \ ([WHQVLRQHV 8QL
YHUVLWDULDV
)DFLOLWDUHOGHVDUUROORGHUHXQLR
QHVGHORV&RQVHMRVGH)DFXO
WDGHV\GH&HQWURV5HJLRQDOHV
\([WHQVLRQHV'RFHQWHV
6H EULQGy DSR\R ORJtVWLFR GH
GLHWD H LQIUDHVWUXFWXUD SDUD HO
GHVDUUROORGHYHLQWHUHXQLR
QHVGHORV&RQVHMRVGH)DFXO
WDGHV &HQWURV 5HJLRQDOHV \
([WHQVLRQHV'RFHQWHV
81,9(56,'$''(3$1$0É
'LUHFFLyQ&XUULFXODU\(YDOXDFLyQGH'RFXPHQWDFLRQHV$FDGpPLFDV
3UR\HFWR0HWD5HVXOWDGR
0RGHUQL]DFLyQ GH OD RIHUWD
DFDGpPLFD
$FWXDOL]DU FDUUHUDV H[LVWHQ
WHV \ DSUREDU QXHYDV FDUUH
UDV GH DFXHUGR D ODV WHQ
GHQFLDV \ GHPDQGDV GH OD
VRFLHGDG
6H DQDOL]DURQ GLHFLVpLV GLDJQyVWLFRVGHFDUUHUDVGH)D
FXOWDGHV&HQWURV5HJLRQDOHV\
([WHQVLRQHV8QLYHUVLWDULDV
)RUWDOHFLPLHQWR GHO 6LVWHPD
GH*HVWLyQ\(YDOXDFLyQ&X
UULFXODU
&DSDFLWDU D ODV &RPLVLRQHV
GH (YDOXDFLyQ GH 7tWXORV \
2WURV(VWXGLRV
5HYLVDU HO SURFHVR GH HYD
OXDFLyQGHWtWXORV\RWURVHV
WXGLRV
6H FDSDFLWy D FXDWURFLHQWRV
FRPLVLRQDGRV GH HYD
OXDFLyQGHWtWXORV\RWURVHV
WXGLRVFRUUHVSRQGLHQWHVDODV
IDFXOWDGHVHQDxRGH
6H UHYLVDURQ PLO GRVFLHQWRV
VROLFLWXGHVGHWtWXORV\
RWURVHVWXGLRVGHSURIHVRUHV
6H UHYLVDURQ \ DMXVWDURQ ORV
LQVWUXPHQWRVSDUDODVROLFLWXG
HLQIRUPHVGHHYDOXDFLyQGH
WtWXORV\RWURVHVWXGLRV
,QDXJXUDFLyQSRUSDUWHGHO'RFWRU-XVWR0HGUDQR9LFHUUHFWRU$FDGpPLFRGHO6HPLQDULR7DOOHUVREUH'LVHxR\
'HVDUUROOR&XUULFXODU%DVDGRHQ&RPSHWHQFLDVUHDOL]DGRHQOD8QLYHUVLGDGGHODV$PpULFDV0D\RGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
5HJODPHQWDFLyQ GH ORV WUD
EDMRVGHJUDGXDFLyQ
&UHDFLyQ \ UHYLVLyQ GH UH
JODPHQWRV GH DFXHUGR D ODV
QXHYDVGLVSRVLFLRQHVGHO(V
WDWXWR GH OD 8QLYHUVLGDG GH
3DQDPi
6HDSUREyHOUHJODPHQWRJH
QHUDO GHO WUDEDMR GH JUDGXD
FLyQ HQ &RQVHMR $FDGpPLFR
DPSOLDGR1RGHOGH
IHEUHURGH
'U-XVWR0HGUDQRHQ,QDXJXUDFLyQGHOVHPLQDULRGHLQGXFFLyQSDUDODV&RPLVLRQHVGH(YDOXDFLyQGH7tWXORV\
2WURV(VWXGLRVSDUDOD)DFXOWDGHVGH0HGLFLQD\2GRQWRORJtDUHDOL]DGRHQOD)DFXOWDGGH0HGLFLQD
'LUHFFLyQGH2UJDQL]DFLyQ$FDGpPLFD
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWR GHO VLVWHPD
GH UHJLVWUR FRQWURO \ WUDPL
WDFLyQGHODVRUJDQL]DFLRQHV
DFDGpPLFD
$JLOL]DU HO SURFHVR GH YHULÀ
FDFLyQGHODVRUJDQL]DFLRQHV
DFDGpPLFDVSDUDODFRQWUDWD
FLyQIRUPDOGHORVSURIHVRUHV
HQODVXQLGDGHVDFDGpPLFDV
GH OD 8QLYHUVLGDG GH 3DQD
Pi
6H WUDPLWDURQ FXDWURFLHQWRV
FXDUHQWD \ VHLV RUJD
QL]DFLRQHV DFDGpPLFDV FR
UUHVSRQGLHQWHV DO YHUDQR GH
&XDWUR PLO GRVFLHQWDV
WUHLQWD \ FLQFR GH
JUDGR GHO SULPHU VHPHVWUH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
GH 7UHVFLHQWDV QR
YHQWD\XQRGHJUDGR\
SRVWJUDGRGHO,,VHPHVWUHGH
(Q HO SULPHU VHPHVWUH GHO
VH WUDPLWDURQ FXDWUR
FLHQWRV WUHLQWD \ FLQFR RUJDQL]DFLRQHV DFDGpPLFDV
GH YHUDQR \ WUHV PLO RFKR
FLHQWDV RFKHQWD \ QXHYH
GHJUDGR
3HUVRQDOWpFQLFR\DGPLQLVWUDWLYRHQODWUDPLWDFLyQGHODVGHRUJDQL]DFLyQDFDGpPLFDGHOD8QLYHUVLGDGGH3DQDPi
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWR GHO SURFHVR
GH RUJDQL]DFLyQ DFDGpPLFD
D WUDYpV GHO VLVWHPD DFDGp
PLFR XQLYHUVLWDULR 6$8 HQ
OtQHD
5HDOL]DU MRUQDGDV DFDGpPL
FDVSDUDDVHVRUDUHYDOXDU\
GDUVHJXLPLHQWRDORVSURFH
GLPLHQWRV\SURFHVRVGHWUi
PLWHV GH RUJDQL]DFLyQ DFD
GpPLFD HQ ODV )DFXOWDGHV
&HQWURV5HJLRQDOHV\([WHQ
VLRQHV8QLYHUVLWDULDV
6H PRGLÀFy HO VLVWHPD DFD
GpPLFR XQLYHUVLWDULR IDFLOL
WDQGRHOSURFHVRUHGXFLHQGR
HOWLHPSRGHUHYLVLyQDFWXDOL
]DFLyQ\WUDPLWDFLyQGHRUJD
QL]DFLRQHVDFDGpPLFDV
6H UHDOL]DURQ VLHWH MRUQDGDV
GH WUDEDMR VHLV HQ ORV
&HQWURV5HJLRQDOHV\XQR
HQ HO &DPSXV &HQWUDO SDUD
UHDÀUPDUORVFRQRFLPLHQWRV\
H[SHULHQFLDVHQODXWLOL]DFLyQ
GH pVWD KHUUDPLHQWD OR TXH
SHUPLWLy GLVPLQXLU ORV HUUR
UHV \ PHMRUy HO SURFHVR GH
FDSWXUD GH ODV RUJDQL]DFLR
QHV DFDGpPLFDV HQ HO VLVWH
PD DFDGpPLFR XQLYHUVLWDULR
6$8
'LUHFFLyQGH&RQFXUVR)RUPDO
3UR\HFWR0HWD5HVXOWDGR
&RQFXUVRV IRUPDOHV GH SUR
IHVRUHV
5HFRPHQGDU DO &RQVHMR
$FDGpPLFR OD DGMXGLFDFLyQ
GH ODV SRVLFLRQHV D SURIH
VRUUHJXODUGHORVFRQFXUVRV
DELHUWRVHQHODxRD~Q
VLQDGMXGLFDU
6H UHFRPLHQGD OD DGMXGLFD
FLyQGHQRYHQWDSRVLFLR
QHV GH SURIHVRU UHJXODU VH
GHFODUDQ VLHWH GHVLHUWDV
\TXHGDQSHQGLHQWHVSRUDG
MXGLFDUGRFHSRVLFLRQHV
GH SURIHVRU UHJXODU GH ORV
FRQFXUVRVDELHUWRVHQHODxR
D~QVLQDGMXGLFDU
5HFRPHQGDUDO&RQVHMR$FD
GpPLFRODDGMXGLFDFLyQGHODV
SRVLFLRQHVDSURIHVRUUHJXODU
GH FRQFXUVRV DELHUWRV HQ HO
DxRD~QVLQDGMXGLFDU
6H UHFRPLHQGD OD DGMXGLFD
FLyQ GH FXDUHQWD \ XQR SRVLFLRQHVGHSURIHVRUUHJX
ODU GH ODV FLHQWR GLHFLQXHYH
SRVLFLRQHV DELHUWDV D
FRQFXUVRHQHODxR
81,9(56,'$''(3$1$0É
Posiciones de concursos regulares, según convocatoria de 2007
Adjudicados a julio de 2010
Posiciones Adjudicadas
Posiciones en proceso
de evaluación
Posiciones declaradas
desiertas
Fuente: Dirección de Concurso Formal
3UR\HFWR0HWD5HVXOWDGR
5HJXODUL]DFLyQ GH ORV SURIH
VRUHV DGMXQWRV ,9 SRU FRQ
FXUVRDSURIHVRUHVUHJXODUHV
HQFXPSOLPLHQWRFRQORDSUR
EDGR HQ HO &RQVHMR *HQHUDO
8QLYHUVLWDULR HQ VX UHXQLyQ
1RGHOGHDJRVWRGH
5HDOL]DU ORV SURFHVRV GH UH
YLVLyQ \ UHFRPHQGDFLyQ GH
UHJXODUL]DFLyQ GH VHVHQWD \
VHLVSURIHVRUHVD~QFRQ
GHUHFKRDOFDPELRGHFRQGL
FLyQ GH DGMXQWR ,9 SRU FRQ
FXUVRDSURIHVRUDX[LOLDU
,QLFLDU ORV SURFHVRV GH UH
YLVLyQ \ UHFRPHQGDFLyQ GH
UHJXODUL]DFLyQ GH ORV 3URIH
VRUHV$GMXQWR ,9 SRU FODVLÀ
FDFLyQ \ GH ORV $GMXQWR , ,,
\ ,, TXH JDQDURQ FRQFXUVR \
DVFHQGLHURQD$GMXQWR,9
6HUHFRPLHQGDODUHJXODUL]D
FLyQGHFDWRUFHSURIHVR
UHVDGMXQWRV,9SRUFRQFXUVR
TXHODVROLFLWDURQ
6HSXEOLFDHQOD*DFHWD2À
FLDO 'LJLWDO 1R$ HO
DFXHUGR GHO &RQVHMR *H
QHUDO 8QLYHUVLWDULR HQ VX UH
XQLyQGHGHPDU]RGH
HQHOTXHVHHVWDEOHFH
TXHVHUiQUHJXODUL]DGRVDOD
FDWHJRUtDGHSURIHVRUHVDX[L
OLDUORVSURIHVRUHVDGMXQWR,9
TXH KD\DQ REWHQLGR GLFKD
FDWHJRUtD SRU UHFODVLÀFDFLyQ
\ORVSURIHVRUHVTXHSRUFRQ
FXUVRTXHGDURQHQODFDWHJR
UtD$GMXQWR,$GMXQWR,,\$G
MXQWR,,,\OXHJRDVFHQGLHURQ
D3URIHVRU$GMXQWR,9
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$GHFXDFLyQ GHO 6LVWHPD
$FDGpPLFR
8QLYHUVLWDULR
6$8 XELFDQGR D ORV SUR
IHVRUHV HQ iUHDV GH FRQRFL
PLHQWRRHVSHFLDOLGDGVHJ~Q
OD HVWUXFWXUD DFDGpPLFD GH
ODIDFXOWDGGRQGHODERUD
2UJDQL]DU SRU iUHDV GH FR
QRFLPLHQWR R HVSHFLDOLGDG
HQEDVHDODHVWUXFWXUDDFD
GpPLFD D WRGRV ORV SURIH
VRUHV GH OD 8QLYHUVLGDG GH
3DQDPi
6HLQWURGXFHQDO6LVWHPD$FD
GpPLFR 8QLYHUVLWDULR 6$8
WUHVPLOGRVFLHQWRVFLQFXHQWD
SURIHVRUHV TXH D~Q
QR VH OHV KDEtD XELFDGR GH
DFXHUGRDVXiUHDGHFRQRFL
PLHQWRRHVSHFLDOLGDG
$VHVRUtDV D ODV &RPLVLRQHV
(YDOXDGRUDV GH (MHFXWRULDV
ODV &RPLVLRQHV GH &RQFXU
VRV \ D 3URIHVRUHV HQ UHOD
FLyQDODVFiWHGUDV
$VHVRUDUHQORVSURFHGLPLHQ
WRV GH (YDOXDFLyQ GH (MHFX
WRULDV \ GH &RQFXUVR D ODV
&RPLVLRQHV (YDOXDGRUDV GH
(MHFXWRULDV &RPLVLRQHV GH
&RQFXUVRV FRPR WDPELpQ D
ORV SURIHVRUHV DVSLUDQWHV D
SDUWLFLSDU HQ ORV FRQFXUVRV
VHJ~Q ODV QRUPDV HVWDEOHFL
GDVHQHO(VWDWXWRGHOD8QL
YHUVLGDGGH3DQDPi
6H DFWXDOL]y D ODV &RPLVLR
QHV (YDOXDGRUDV GH (YD
OXDFLyQ GH (MHFXWRULDV \ GH
&RQFXUVRV FRQ OD ÀQDOLGDG
TXHORVSURFHVRVGHFRQFXU
VRV VH UHDOLFHQ FRQ OD PiV
HOHYDGD WUDQVSDUHQFLD \ H[
FHOHQFLD DFDGpPLFD DSHJD
GRV D ODV QRUPDWLYDV GH OD
8QLYHUVLGDGGH3DQDPi
81,9(56,'$''(3$1$0É
'LUHFFLyQGH%DQFRGH'DWRV
3UR\HFWR0HWD5HVXOWDGR
%DQFRGH'DWRVHQOtQHD
&DSDFLWDU SURIHVRUHV
PLHPEURVGHODV&RPLVLRQHV
GH %DQFR GH 'DWRV GH ODV
IDFXOWDGHV TXH QR SDUWLFLSD
URQGHOSODQSLORWR
$VLVWHQFLDGHSURIHVRUHVD
OD FDSDFLWDFLyQ GH
ORVFRQYRFDGRV
0HMRUDU HO SURFHVR GH FRQ
FXUVRSRU%DQFRGH'DWRV
$SUREDFLyQ GHO UHJODPHQWR
SDUD OD VHOHFFLyQ GH SURIHVR
UHV HVSHFLDOHV \ DVLVWHQWHV
PHGLDQWHHOFRQFXUVRGH%DQ
FRGH'DWRVHQ&RQVHMR$FD
GpPLFRUHXQLyQGHOGH
GHMXQLRGH
5HYLVLyQ GH LQIRUPHV GH
%DQFR GH 'DWRV GH )DFXO
WDGHV \ &HQWURV 5HJLRQDOHV
8QLYHUVLWDULRV
/RJUDU TXH ORV SURFHGLPLHQ
WRV OOHYDGRV D FDER SRU ODV
XQLGDGHV DFDGpPLFDV SDUD
OD FRQWUDWDFLyQ GH SURIHVRU
SRU %DQFR GH 'DWRV FXP
SODQ FRQ ODV QRUPDV HVWD
EOHFLGDVHQHOHVWDWXWRGHOD
8QLYHUVLGDGGH3DQDPi\HO
UHJODPHQWRSDUDODVHOHFFLyQ
GH SURIHVRUHV HVSHFLDOHV \
DVLVWHQWHVSRU%DQFRGH'D
WRV
6H DSUREDURQ GRVFLHQWRV QR
YHQWD\QXHYHLQIRUPHV
GH%DQFRGH'DWRVGHODVID
FXOWDGHV\VHGHYROYLHURQGRV
FLHQWDVWUHLQWD\XQSDUD
FRUUHFFLyQ 'H ORV &HQWURV
5HJLRQDOHV\([WHQVLRQHV8QL
YHUVLWDULDVVHDSUREDURQ
LQIRUPHV GH %DQFR GH 'DWRV
\ VH GHYROYLHURQ TXLQLHQWDV
WUHFHSDUDFRUUHFFLyQHQ
HOSHUtRGR
&RQWUDWDFLyQ SRU %DQFR GH
'DWRV
&RQWDUFRQHOFXHUSRGRFHQ
WH QHFHVDULR SDUD HO EXHQ
GHVHQYROYLPLHQWRGHOVHPHV
WUHDFDGpPLFR
'HOSHUtRGRGHDJRVWRGLFLHP
EUHVHDXWRUL]DURQSDUD
OD FRQWUDWDFLyQ HQ HO ,, 6H
PHVWUHGHDFLHQWRFXD
UHQWD \ WUHV SURIHVRUHV
GH%DQFRGH'DWRV
SDUDODVHOHFFLyQGHSURIHVR
UHV HVSHFLDOHV \ DVLVWHQWHV
PHGLDQWH &RQFXUVR GH %DQ
FRGH'DWRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQWUDWDFLyQ SRU %DQFR GH
'DWRV
&RQWDUFRQHOFXHUSRGRFHQ
WH QHFHVDULR SDUD HO EXHQ
GHVHQYROYLPLHQWRGHOVHPHV
WUHDFDGpPLFR
'H HQHUR D MXOLR GH VH
DXWRUL]DURQ GRVFLHQWRV WUHLQWD
\VLHWHSURIHVRUHVGHID
FXOWDGHV\GRVFLHQWRVRFKHQWD
\ FXDWUR SURIHVRUHV GH
&HQWURV 5HJLRQDOHV 8QLYHUVL
WDULRV\([WHQVLRQHV8QLYHUVL
WDULDV
(VWiQ SHQGLHQWHV GH DXWR
UL]DFLyQ FLHQWR FDWRUFH QRPEUDPLHQWRVGHSURIHVRUHV
GH%DQFRGH'DWRVGH)DFXO
WDGHV\FLHQWRFXDUHQWD\VHLV
SURIHVRUHV GH &HQWURV
5HJLRQDOHV \ ([WHQVLRQHV
8QLYHUVLWDULDV
'LUHFFLyQGH6HUYLFLRV$FDGpPLFRVDO3URIHVRU
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWRGHORVSURFH
VRV GH ORV VHUYLFLRV DFDGp
PLFRVDORVSURIHVRUHV
)DFLOLWDUORVWUiPLWHVGHQRP
EUDPLHQWR SRU UHVROXFLyQ
DVFHQVRGHFDWHJRUtDUHFOD
VLÀFDFLRQHV FRQWUDWDFLRQHV
GH SURIHVRUHV H[WUDQMHURV
YLVLWDQWHVDGKRQRUHPWUDV
ODGRV WLHPSRV FRPSOHWRV
OLFHQFLDVUHLQWHJURVDXPHQ
WRV SRU DQWLJHGDG \ RWURV
VHUYLFLRVDOSURIHVRU
6HWUDPLWDURQVHVHQWD\FXD
WUR QRPEUDPLHQWRV SRU
UHVROXFLyQ RFKHQWD \ FLQFR
DVFHQVRV GH FDWHJRUtDV
YHLQWLGyV UHFODVLÀFDFLR
QHV RFKR FRQWUDWDFLRQHV
GHSURIHVRUHVH[WUDQMHURVWUHV
FRQWUDWDFLRQHV GH SURIH
VRUHV H[WUDQMHURV YLVLWDQWHV
WUHV DGKRQRUHP GRFH
WUDVODGRV VHWHQWD \ FLQ
FR WLHPSRV FRPSOHWRV
FLHQWRWUHLQWD\FLQFROL
FHQFLDVWUHLQWD\FXDWUR
UHLQWHJURV \ GLHFLRFKR DXPHQWRVSRUDQWLJHGDG
81,9(56,'$''(3$1$0É
'LUHFFLyQGH(YDOXDFLyQGHO'HVHPSHxR5HQGLPLHQWRSRU5HVXOWDGR
3UR\HFWR0HWD5HVXOWDGR
(YDOXDFLyQ GHO GHVHPSHxR
GHOSURIHVRU
$SOLFDU ODV HYDOXDFLRQHV GH
ORVSURIHVRUHVGHOD8QLYHUVL
GDGGH3DQDPiGHODxR
\ SUHSDUDU ODV HYDOXDFLRQHV
GHODxR
6HDSOLFDURQQRYHQWD\FLQFR
PLO WUHVFLHQWRV WUHLQWD \ VHLV
HYDOXDFLRQHV GH
DFXHUGR D ORV LQVWUXPHQWRV
\FDSWXUDGH
HYDOXDFLRQHV GH DFXHUGR D
ORV LQVWUXPHQWRV \ HV
GHFLU HO GH SUXHEDV
FDSWXUDGDV
5HYLVLyQ GH OD UHJODPHQWD
FLyQGHORVSURFHVRVGHHYD
OXDFLyQGHOSURIHVRU
$GHFXDFLyQ GHO UHJODPHQWR
GH HYDOXDFLyQ GHO GHVHPSH
xRDWHQGLHQGRODVIXQFLRQHV
DFDGpPLFDV GH DFXHUGR D
QXHYDVGLVSRVLFLRQHVGHOHV
WDWXWR GH OD 8QLYHUVLGDG GH
3DQDPi
$SUREDFLyQ GHO 5HJODPHQWR
GHO 6LVWHPD GH (YDOXDFLyQ
GH 5HQGLPLHQWR SRU 5HVXO
WDGRGHORV3URIHVRUHVGHOD
8QLYHUVLGDGGH3DQDPiTXH
LQFRUSRUDODVIXQFLRQHVDFD
GpPLFDV \ ORV QXHYRV LQV
WUXPHQWRVGHHYDOXDFLyQGHO
SURIHVRUHQ&RQVHMR$FDGp
PLFR1R
8QLGDGGH&RRUGLQDFLyQGHOD,QIRUPDFLyQ\&RPXQLFDFLyQ
3UR\HFWR0HWD5HVXOWDGR
$GHFXDFLyQGHFRQWUROHVDX
WRPDWL]DGRV DO VLVWHPD GH
RUJDQL]DFLyQDFDGpPLFD
2UGHQDU ORV FDPSRV GH OD
HVWUXFWXUD DFDGpPLFD HQ HO
6LVWHPD $FDGpPLFR 8QLYHU
VLWDULR SRU iUHD GH HVSHFLD
OLGDG GHGLFDFLyQ GHVFDUJD
KRUDULD\GDWRVJHQHUDOHVGH
ORVSURIHVRUHVGHOD8QLYHUVL
GDGGH3DQDPi
6HLPSODQWDURQORVFRQWUROHV
DXWRPDWL]DGRV DO VLVWHPD
IDFLOLWDQGR \ DJLOL]DQGR HO
SURFHVRSDUDODRUJDQL]DFLyQ
DFDGpPLFD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$XGLWRUtD GH VLVWHPD SDUD HO
DQWLYLUXV LQVWLWXFLRQDO $9,5$
HQ ORV HTXLSRV GH OD 9LFH
UUHFWRUtD$FDGpPLFD
(YDOXDUODHÀFLHQFLDGHODQWL
YLUXV$9,5$
6H UHDOL]y HQ FRQMXQWR FRQ
'LUHFFLRQHV GH ,QIRUPiWLFD
\$XGLWRUtD,QWHUQDGHOD8QL
YHUVLGDG GH 3DQDPi XQD
DXGLWRULD GH ORV HTXLSRV \
VHUHDOL]yXQLQIRUPHWpFQLFR
SDUDODHYDOXDFLyQGHODQWLYL
UXVLQVWLWXFLRQDO$9,5$
$VHVRUtDHQODDGTXLVLFLyQGH
HTXLSRVLQIRUPiWLFRV
$GTXLULU HTXLSRV DGHFXDGRV
TXH UHVSRQGDQ D ODV QHFH
VLGDGHVSURSLDVGHHVWDXQL
GDGDFDGpPLFD
)DFLOLWDUHOLQWHUFDPELRGHLQ
IRUPDFLyQDFDGpPLFD
$GTXLVLFLyQGHQXHYRVHTXL
SRVGHWHFQRORJtDGHSXQWD
'HVDUUROOR GH EDVH GH GDWRV
GHORVFRUUHRVHOHFWUyQLFRVGH
ORVPLHPEURVGHORV&RQVHMRV
$FDGpPLFRV
,QWHUFDPELR GH LQIRUPDFLyQ
DFDGpPLFDFRQORVPLHPEURV
GHORV&RQVHMRV$FDGpPLFRV
HQ XQ SHUPLWLHQGR PH
MRUDU \ DJLOL]DU ORV SURFHVRV
GHWUDEDMR
8QLGDGHVDGVFULWDV
6LVWHPDGH%LEOLRWHFD
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDFLyQGHOUHFXUVRKX
PDQR
5HFXUVRKXPDQRFDSDFLWDGR
TXHEULQGHXQVHUYLFLRGHH[
FHOHQFLD
(OXVXDULRHVWiUHFLELHQGRXQ
VHUYLFLR HVPHUDGR \ GH FDOL
GDG,QYHUVLyQ%
'LIXVLyQ GH LQIRUPDFLyQ D
WUDYpVGHOSRUWDO
$FFHVR D OD LQIRUPDFLyQ HQ
IRUPDWR HOHFWUyQLFR DFWXDOL
]DGR HO FXDO RFXSD XQ DOWR
SRUFHQWDMHHQODVELEOLRWHFDV
GHO6,%,83$XPHQWRGHORV
HTXLSRVLQIRUPiWLFRV
8VXDULRV FRQ FDSDFLGDG GH
DFFHGHU D OD LQIRUPDFLyQ
HOHFWUyQLFD GHVGH HO SRUWDO
ZZZVLELXSXSDFSD 6H LQ
YLUWLHURQ
81,9(56,'$''(3$1$0É
/LFHQFLDGD'DPDULV6XJDVWLGLFWDFDSDFLWDFLyQGLULJLGDDOSHUVRQDOGHO6LVWH
PDGH%LEOLRWHFD
3UR\HFWR0HWD5HVXOWDGR
$GTXLVLFLyQ GH LQIRUPDFLyQ
DFWXDOL]DGD\UHOHYDQWH%DVH
GHGDWRVHQIRUPDWRHOHFWUyQL
FR\HQSDSHOOLEURV
,QIRUPDFLyQ DFWXDOL]DGD HQ
IRUPDWR HOHFWUyQLFR \ WUDGL
FLRQDO
5HVSXHVWDHIHFWLYDDODVGH
PDQGDV GH LQIRUPDFLyQ GHO
XVXDULRGHVDWLVIDFFLyQ
,QYHUVLyQ%
$PELHQWHSURSLFLRSDUDHOHV
WXGLR\ODLQYHVWLJDFLyQ
,QVWDODFLyQ GH DLUHV DFRQGL
FLRQDGRV SDUD ODV iUHDV GH
HVWXGLR\GHLQYHVWLJDFLyQ
6DODV FRQ DPELHQWH DJUD
GDEOH LOXPLQDFLyQ DLUHV
DFRQGLFLRQDGRV PRELOLDULR \
HTXLSRGHWUDEDMR&RVWR%
&UHDUXQDEDVHGHGDWRVHQ
WH[WRFRPSOHWRVREUHODLQIRU
PDFLyQ DXWyFWRQD GH OD 8QL
YHUVLGDGGH3DQDPiDFFHVL
EOHDWUDYpVGHODZHEHQHO
SRUWDOGHO6,%,83
,GHQWLÀFDU OD SURGXFFLyQ DX
WyFWRQDTXHJHQHUDQODVGLIH
UHQWHVXQLGDGHVGHOD8QLYHU
VLGDGGH3DQDPi
&RQWDU FRQ LQIRUPDFLyQ LQV
WLWXFLRQDO UHOHYDQWH \ FRQÀD
EOH SUHYLDPHQWH RUJDQL]DGD
\ GLVSRQLEOH HQ OD UHG FRQ
DFFHVRUiSLGR
5(1',&,Ð1'(&8(17$6
3HUVRQDOGHO6LVWHPDGH%LEOLRWHFDGHOD8QLYHUVLGDGGH3DQDPiUHFLEHFDSD
FLWDFLyQSDUDPHMRUDUORVVHUYLFLRVRIUHFLGRV
3UR\HFWR0HWD5HVXOWDGR
$JUXSDU OD LQIRUPDFLyQ SRU
WLSRGHPDWHULDOGRFXPHQWDO
DÀQGHFUHDUVXEJUXSRVORV
FXDOHVVHUiQODUHIHUHQFLDGH
ODEDVHGHGDWRV
8QDEDVHGHGDWRVTXHSHU
PLWHDODFRPXQLGDGQDFLRQDO
H LQWHUQDFLRQDO UHFRQRFHU OD
DFWXDFLyQGHQXHVWUDSULPHUD
FDVDGHHVWXGLRV
)DFLOLWDU OD FRQVXOWD GH OD
SURGXFFLyQ DXWyFWRQD PH
GLDQWHODGLJLWDOL]DFLyQGHVX
FRQWHQLGR
,QIRUPDFLyQ HQ WLHPSR UHDO
SDUD TXLHQHV GHVHDQ FRQR
FHUHOWUDEDMR\ODSUR\HFFLyQ
GH OD XQLYHUVLGDG GH ODV
WHVLV GH SRVWJUDGR H LQYHVWL
JDFLRQHVGRFXPHQWRVDGPL
QLVWUDWLYRVFRQYHQLRVDXWRUL
GDGHVyUJDQRVGHJRELHUQR
FDUUHUDV YLGD HVWXGLDQWLO \
SXEOLFDFLRQHV
&UHDUODVDODGLJLWDOGHOD8QL
YHUVLGDGGH3DQDPiDFFHVL
EOHDWUDYpVGHODZHE
81,9(56,'$''(3$1$0É
7HFQRORJtD(GXFDWLYD
3UR\HFWR0HWD5HVXOWDGR
)XQFLRQDPLHQWRGHODXQLGDG
'DU VHUYLFLR D SURIHVRUHV
HVWXGLDQWHV DGPLQLVWUDWLYRV
\S~EOLFRHQJHQHUDO
6HGLRUHVSXHVWDDODVQHFHVL
GDGHVDXGLRYLVXDOHVTXHWLHQH
ODIDPLOLDXQLYHUVLWDULD
&DSDFLWDFLyQ HQ &RPXQLFD
FLyQ(GXFDWLYD
/RJUDU TXH GRFHQWHV \ HV
WXGLDQWHV XWLOLFHQ SUHVHQWD
FLRQHV DXGLRYLVXDOHV FRPR
FRPSOHPHQWRGLGiFWLFRHQHO
SURFHVRHQVHxDQ]D²DSUHQ
GL]DMH
5HDOL]DFLyQ GH GRV VHPLQD
ULRVWDOOHUGLULJLGRVDODHODER
UDFLyQ GH YLGHRV HGXFDWLYRV
\ SUHVHQWDFLRQHV DXGLRYLVXDO
HV%FDGDVHPLQDULR
$GTXLVLFLyQ \ DFWXDOL]DFLyQ
GHHTXLSRV
$GTXLULU HTXLSRV SDUD DOTXL
ODU\PHMRUDUODFDOLGDGGHODV
SURGXFFLRQHVDXGLRYLVXDOHV
‡
&RPSUD GH GRV FRP
SXWDGRUDV
%PLOEDOERDV
‡ &RPSUD GH GRV SUR
\HFWRUHV
PXOWLPHGLD
% PLO FXDWURFLHQ
WRVEDOERDV
3DWURFLQLR6DDYHGUDGXUDQWHODÀODPFLyQGHOYLGHR´-XVWLFLD\3D]µHQODV&ROLQDVGH&HUUR%DWHD6DQ0LJXHOLWR
5(1',&,Ð1'(&8(17$6
-XDQ0LUDQGD\3DEOR'H$UFRÀOPDQH[KLELFLyQGHO&tUFXOR,VVDF%HQLWH]HQODV([FOXVDVGH0LUDÁRUHV
3UR\HFWR0HWD5HVXOWDGR
&ULWHULRVWpFQLFRVGHHTXLSRV
DXGLRYLVXDOHV
'DU ORV FULWHULRV WpFQLFRV
VROLFLWDGRV SRU VHUYLFLRV DG
PLQLVWUDWLYRV SDUD WRGDV ODV
XQLGDGHVGHOFDPSXVSDUDOD
DGTXLVLFLyQ GH HTXLSRV QXH
YRV\SDUDELHQHVSDWULPR
QLDOHV\WRGDVODVIDFXOWDGHV
GHGHVFDUWHGHDFWLYRV
6HGLHURQORVFULWHULRVSDUDWR
GDVODVFRPSUDV\GHVFDUWHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
*UDEDFLyQ \ HGLFLyQ GH DX
GLR
$SR\DUDODVGLUHFFLRQHVID
FXOWDGHVFHQWURV\H[WHQVLR
QHV FRQ JUDEDFLyQ \ HGLFLyQ
GHDXGLR
&XxDSDUDUDGLRGHOD/LFHQ
FLDWXUD HQ &LHQFLDV GH OD
)DPLOLD \ 'HVDUUROOR &RPXQL
WDULRJUDEDFLyQGHQDUUDFLyQ
\HGLFLyQGHOYLGHRSURPRFLR
QDO GH OD )DFXOWDG GH 0HGLFL
QD*UDEDFLyQ\HGLFLyQGHOD
QDUUDFLyQ GHO YLGHR HGXFDWLYR
5LHVJR /DERUDO VROLFLWDGR SRU
OD)DFXOWDGGH&LHQFLDV1DWX
UDOHV ([DFWDV \ 7HFQRORJtDV
*UDEDFLyQ\HGLFLyQGHOYLGHR
GRFXPHQWDO 5LHVJR GH$JHQ
WHV 4XtPLFRV HQ OD &RQVWUXF
FLyQ VROLFLWDGR SRU OD HVFXHOD
GHELRORJtD'LVHxRGHEDQQHU
DOXVLYR DO DQLYHUVDULR GH OD
8QLYHUVLGDGGH3DQDPi'LUHF
FLyQGH7HFQRORJtD(GXFDWLYD
WUDQVIHUHQFLDV GH GLVFRV GH
DFHWDWR /3 D IRUPDWR GLJLWDO
&' \ GH FLQWDV PDJQpWLFDV
GHDXGLRFDVVHWWHDIRUPDWR
GLJLWDO $VHVRUtD HQ SURGXF
FLyQ GH YLGHR D HVWXGLDQWHV
GH SULPHU DxR GH WXULVPR GH
OD )DFXOWDG GH +XPDQLGDGHV
*UDEDFLyQ\HGLFLyQGHODXGLR
GHO YLGHR GH SURPRFLyQ GH OD
PHGLDFLyQ FRPXQLWDULD &XDQ
GROD-XVWLFLDQR7UDHOD3D]
5(1',&,Ð1'(&8(17$6
&DQWLGDGGHXVXDULRVGHOVDOyQGHSUR\HFFLRQHV
MXOLR
)$&8/7$'
868$5,26
868$5,26
&LHQFLDV1DWXUDOHV([DFWDV
+XPDQLGDGHV
'HUHFKR\&LHQFLDV3ROtWLFDV
\7HFQRORJtD
)DUPDFLD
$GPLQLVWUDFLyQGH(PSUHVDV
&RPXQLFDFLyQ6RFLDO
&LHQFLDVGHOD(GXFDFLyQ
&LHQFLDV$JURSHFXDULDV
$GPLQLVWUDFLyQ3~EOLFD
0HGLFLQD9HWHULQDULD
0HGLFLQD
2WURV3DUURTXLD8QLYHUVLWD
ULD'LUHFFLyQGH5HFXUVRV
+XPDQRV0LQLVWHULRGH
(GXFDFLyQ'7($6(83$
\&RQWDELOLGDG
727$/
81,9(56,'$''(3$1$0É
9LFHUUHFWRUtDGH,QYHVWLJDFLyQ\3RVWJUDGR
5HXQLRQHVGHWUDEDMRGHOD9LFHUUHFWRUD%HWW\$QQGH&DWVDPEDQLV\VXVFRVXOWRUHV
3UR\HFWR0HWD5HVXOWDGR
&RPLVLyQ GH 7UDEDMR GHO &R
PLWp GHO 3URJUDPD +LGUROyJL
FR 1DFLRQDO &21$3+, SDUD
HODERUDUHO3ODQ1DFLRQDOSDUD
HO 'HVDUUROOR GH OD *HVWLyQ ,Q
WHJUDGD GH 5HFXUVRV +tGULFRV
31'*,5+
'HVDUUROODU HO REMHWLYR GHO
SODQ QDFLRQDO ´(OHYDU OD FD
SDFLGDGWpFQLFDFLHQWtÀFDGH
ORV WRPDGRUHV GH GHFLVLyQ
TXHSDUWLFLSDQHQOD*HVWLyQ
GHO$JXD
$QWHSUR\HFWRHODERUDGRSDUD
ODFUHDFLyQGHO´&HQWURGH,Q
YHVWLJDFLyQ \ 7HFQRORJtD GHO
&RQRFLPLHQWR\GHOD*HVWLyQ
GHO$JXDµ&,7*&$
3DUWLFLSDFLyQ GH OD 8QLYHUVL
GDGGH3DQDPiHQDFWLYLGD
GHVGHJHVWLyQ\GLYXOJDFLyQ
FLHQWtÀFD \ WHFQROyJLFDV GH
FDUiFWHU QDFLRQDO H LQWHUQD
FLRQDO
3DUWLFLSDU HQ DFWLYLGDGHV \
HQFXHQWURVGHFDUiFWHUFLHQ
WtÀFRVRULHQWDGRVDIRUWDOHFHU
\ DPSOLDU OD *HVWLyQ \ SUR
\HFFLyQ GH OD LQYHVWLJDFLyQ
HQ OD 8QLYHUVLGDG GH 3DQD
Pi
,QWHJUDFLyQDOD&RPLVLyQGHOD
6HFUHWDUtD 1DFLRQDO GH &LHQ
FLDV\7HFQRORJtD6(1$&<7
UHVSRQVDEOH GH FRQIHFFLRQDU
HO 3ODQ (VWUDWpJLFR 1DFLR
QDO GH &LHQFLDV \ 7HFQRORJtD
3(1&<7 TXH
LGHQWLÀFD ODV SULRULGDGHV HQ
FDGDVHFWRU\SURSRQHREMHWL
YRVHVWUDWHJLDVSURJUDPDV\
SUR\HFWRVLQQRYDGRUHVFRQOD
WHFQRORJtDDGHVDUUROODUVHHQ
HOSUHVHQWHTXLQTXHQLR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
6HPLQDULR 7DOOHU ,QWHUQD
FLRQDO GH &DSDFLWDFLyQ \
*HVWLyQ GH 3UR\HFWRV GH
,QYHVWLJDFLyQ GHO SURJUDPD
*(67,80 HQ FRQMXQWR FRQ
&68&$'$$'',(68&5
81$8QLYHUVLGDGHVGH3RVW
GDP%UHPHQ\GH3DQDPi
HQ *XDWHPDOD SDUD HODER
UDU HO 3URJUDPD *(67,80
YLQFXODGRDYLUWXGHV\RSRU
WXQLGDGHV GH ORV FXUVRV GHO
'$$'
3DUWLFLSDFLyQ HQ RWUDV DFWLYL
GDGHVGHFDUiFWHUFLHQWtÀFR\
WHFQROyJLFR
7DOOHU3HUVSHFWLYDVGHO0HGLR
$PELHQWH$PpULFD/DWLQD\HO
&DULEH
2UJDQL]DGRSRUHO3180$
3DUWLFLSDFLyQ HQ HO 6HJXQGR
&RQJUHVR VREUH SURSLHGDG
LQWHOHFWXDO HQ XQLYHUVLGDGHV
LQVWLWXWRV\FHQWURVGHLQYHV
WLJDFLyQ &UHDWLYLGDG \ (P
SUHQGXULVPR WHUFHU FRQFXU
VRQDFLRQDOGHLQYHQWRUHVHQ
&LXGDGGH3DQDPi
3DUWLFLSDFLyQ HQ HO UHODQ]D
PLHQWRGHODUHYLVWD,'SDUD
,QYHVWLJDFLyQ GH OD 8QLYHUVL
GDG7HFQROyJLFD
&RORTXLRFRQIHUHQFLD YLGHR
GLJLWDO&RODERUDFLRQHVHQWUH
XQLYHUVLGDGHV \ HPSUHVDV
SULYDGDVLQQRYDFLyQ\OLFHQ
FLD WHFQROyJLFD HQ HO iPELWR
XQLYHUVLWDULR UHDOL]DGR HQ
OD (PEDMDGD GH ORV (VWDGRV
8QLGRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3DUWLFLSDFLyQ HQ RWUDV DFWLYL
GDGHVGHFDUiFWHUFLHQWtÀFR\
WHFQROyJLFR
3DUWLFLSDFLyQ HQ HO ODQ]D
PLHQWR GH OD SURSXHVWD (1
/$&( GHO IS HQ OD &LXGDG
GHO6DEHU
2UJDQL]DFLyQ HQ FRODERUD
FLyQFRQ)$&1(7GHODFRQ
IHUHQFLD D GLVWDQFLD FRQ OD
8QLYHUVLGDGGH6HYLOODVREUH
$QiOLVLV4XtPLFR
,QWHUFDPELR $FDGpPLFR VR
EUH UHGHV SUR\HFWRV GH
LQYHVWLJDFLyQ \ RWURV FRQ HO
'U -RDTXtQ 2OLYDUHV GH OD
8QLYHUVLGDG 6LPyQ %ROtYDU
9HQH]XHOD
6HJXQGR&RQJUHVR3URSLHGDG,QWHOHFWXDO
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3DUWLFLSDFLyQ HQ RWUDV DFWLYL
GDGHVGHFDUiFWHUFLHQWtÀFR\
WHFQROyJLFR
3DUWLFLSDFLyQHQHO7DOOHU´/D
LQQRYDFLyQ GH OD LQQRYDFLyQ
HQ OD pSRFD KLVWyULFD HPHU
JHQWH'HORXQLYHUVDOPHFi
QLFR\QHXWUDODORFRQWH[WXDO
LQWHUDFWLYR \ pWLFR HQ OD LQ
YHVWLJDFLyQ FLHQWtÀFDµ GLFWD
GRSRUHO'U-RVpGH6RX]D
6LOYDGHOD(PSUHVD%UDVLOHL
UDGH3HVTXLVD$JURSHFXDULD
(0%5$3$
9LVLWD GH LQWHUFDPELR D OD
8QLYHUVLGDG GH 6HYLOOD GH
FRRSHUDFLyQ FRQ OD )DFXOWDG
GH 4XtPLFD GH )tVLFD \ GH
7HFQRORJtDHQ,QIRUPiWLFD
3DQHO GH ([SHUWRV VREUH
FRQWUROGH0RVFDVGHOD)UXWD
GH ,PSRUWDQFLD &XDUHQWHQD
ULD5HDOL]DGRFRQHO0,'$HO
3URJUDPD &HQWURDPHULFDQR
GH 0DHVWUtD HQ (QWRPRORJtD
GH OD 9,3 GH OD 8QLYHUVLGDG
GH 3DQDPi HO 2UJDQLVPR
,QWHUQDFLRQDO5HJLRQDOGH6D
QLGDG$JURSHFXDULD2,56$
OD 2UJDQL]DFLyQ LQWHUQDFLRQDO
GH(QHUJtD$WyPLFD2,($\
OD$JHQF\$QLPDO3ODQW+HDOW
,QVSHFWLRQ6HUYLFH$3+,6
/tQHDVGHLQYHVWLJDFLyQHQOD
8QLYHUVLGDGGH3DQDPi
5HYLVDU ODV OtQHDV ORV SUR
JUDPDV OD IXQGDPHQWDFLyQ
\ODKRPRORJDFLyQGHODV
IDFXOWDGHV FHQWURV UHJLR
QDOHV H[WHQVLRQHV \ LQVWLWXWRV
'RFXPHQWR HODERUDGR SDUD
OD KRPRORJDFLyQ GH SURJUD
PDV iUHDV \R OtQHDV GH LQ
YHVWLJDFLyQ
7UHV WDOOHUHV UHDOL]DGRV HQ
ODV )DFXOWDGHV GH 0HGLFLQD
(QIHUPHUtD \ $GPLQLVWUDFLyQ
3~EOLFD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UHYHQFLyQGHULHVJRV
3UHVHQFLD \ SDUWLFLSDFLyQ HQ
DFWLYLGDGHV\WDOOHUHVGHSUH
YHQFLyQGHULHVJRV
3DUWLFLSDFLyQHQHO&XUVRGH
&DSDFLWDFLyQ ´6,* \ 6HQVR
UHV HQ HVWXGLRV GH )HQyPH
QRV +tGULFRV \ (YDOXDFLyQ
GH 5LHVJR D 'HVDVWUHV$VR
FLDGRV D ,QXQGDFLRQHVµ RU
JDQL]DGR SRU HO &68&$ OD
DJHQFLD 6XHFD GH &RRSHUD
FLyQSDUDHO'HVDUUROOR,QWHU
QDFLRQDO $VGLP OD 8QLYHUVL
GDGGH7ZHQWH+RODQGD\OD
8QLYHUVLGDGGH3DQDPi
&RRUGLQDFLyQ GHO 1RGR GH
+LGURORJtD SDUD OD 5HJLyQ
&HQWURDPHULFDQD
)RUPDU GRFWRUHV HQ KLGUR
ORJtD HQ FRQMXQWR FRQ OD
8QLYHUVLGDG GH 8SVDOD HQ
6XHFLD\8QLYHUVLGDGGH3D
QDPi SDUD OD FUHDFLyQ GH
PRGHORV KLGUROyJLFRV SDUD
FXHQFDVVXVFHSWLEOHVDULHV
JRV\GHVDVWUHV
'RVWDOOHUHVFRQH[SHUWRVHQ
KLGURORJtD GH OD UHJLyQ &HQ
WURDPHULFDQD\GHO&DULEH
6HOHFFLyQGHGRVFDQGLGDWRV
DOGRFWRUDGR
3URJUDPDVGHSRVWJUDGR
$GHFXDFLyQ GH ORV 3URJUD
PDV GH 3RVWJUDGR DO 5HJOD
PHQWR GH (VWXGLRV GH 3RVW
JUDGR
(Q WRWDO FLHQWR RFKR SURJUD
PDVHQWUHHVSHFLDOL]DFLRQHV
PDHVWUtDV \ GRFWRUDGRV GH
ORV FXDOHV FLQFXHQWD \ VHLV
HQ HO iUHD GH &LHQFLDV (FR
QyPLFDV \ 6RFLDOHV YHLQWL
GyV HQ HO iUHD GH &LHQFLDV
1DWXUDOHV ([DFWDV \ 7HFQR
ORJtD \ WUHLQWD HQ HO iUHD GH
&LHQFLDVGHOD6DOXG
1XHYRV SURJUDPDV GH SRVW
JUDGR
&UHDFLyQ \ DSHUWXUD GH QXH
YRVSURJUDPDVGHSRVWJUDGR
'LHFLVLHWHQXHYRVSURJUDPDV
GH SRVWJUDGR DSUREDGRV \
VHLVGRFWRUDGRVHQSURFH
VRGHDSUREDFLyQ
0DHVWUtDV HQ $GPLQLVWUDFLyQ
GH (PSUHVDV FRQ eQIDVLV
HQ $QiOLVLV (PSUHVDULDO
(VWXGLRV 3ROtWLFRV FRQ eQID
VLV HQ 6LVWHPDV (OHFWRUDOHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
'HUHFKR$PELHQWDO /LQJtV
WLFD $SOLFDGD DO ,QJOpV $Q
WURSRORJtD 6RFLDO 3VLFRORJtD
,QGXVWULDO \ 2UJDQL]DFLRQDO
'DQ]D'LGiFWLFDGHODV&LHQ
FLDV 1DWXUDOHV *HUHQFLD \
$GPLQLVWUDFLyQ ,QWHJUDO GH
ORV6HUYLFLRVGHO/DERUDWRULR
&OtQLFR&LHQFLDVGHOD)DPL
OLD\'HVDUUROOR&RPXQLWDULR
%LRWHFQRORJtD 5HVWDXUDGRUD
'HQWDO
6HLV 3URJUDPDV GH 'RF
WRUDGR HQ SURFHVR GH DSUR
EDFLyQ'RFWRUDGRHQ+XPD
QLGDGHV\&LHQFLDV6RFLDOHV
(GXFDFLyQ (QIHUPHUtD $U
TXLWHFWXUD(FRQRPtD\&LHQ
FLDV%LROyJLFDV
$XWRHYDOXDFLyQ GH ORV 3UR
JUDPDVGHSRVWJUDGR
3URJUDPDVGHSRVWJUDGRDX
WRHYDOXDGRV
9HLQWLFLQFR SURJUDPDV GH
PDHVWUtD HQ ODV GLVWLQWDV ID
FXOWDGHV HQ SURFHVR GH DX
WRHYDOXDFLyQ
5HJODPHQWRV HVSHFLDOHV GH
SRVWJUDGR
(ODERUDFLyQ GH UHJODPHQWRV
HVSHFLDOHVGHSRVWJUDGR
6LHWH UHJODPHQWRV HVSHFLD
OHVGHSRVWJUDGRHODERUDGRV
\ YDOLGDGRV SRU HO HTXLSR
GH SRVWJUDGR (QWUH HOORV
5HJODPHQWR(VSHFLDOGH7X
WRUtD GH 'HIHQVD GH 7HVLV
GH 3UiFWLFD 3URIHVLRQDO GH
,QWHUYHQFLyQ GH H[DPHQ GH
JUDGR\GHVHOHFFLyQGHSUR
IHVRUHV
3URSXHVWDPHWRGROyJLFDSDUD
HOGLVHxRGHXQ2EVHUYDWRULR
GHO6LVWHPDGH3RVWJUDGRGH
OD8QLYHUVLGDGGH3DQDPi
3URSXHVWDPHWRGROyJLFD
8Q GRFXPHQWR SUR\HFWR
´2EVHUYDWRULRGHO6LVWHPDGH
3RVWJUDGRGHOD8QLYHUVLGDG
GH3DQDPiµ
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3URSXHVWD
PHWRGROyJLFD
SDUDHO(VWXGLRGH1HFHVLGD
GHV \ 'HPDQGDV GH )RUPD
FLyQ H ,QYHVWLJDFLyQ D QLYHO
GH3RVWJUDGR
3URSXHVWDPHWRGROyJLFD
8Q GRFXPHQWR SUR\HFWR
´(VWXGLR GH 1HFHVLGDGHV \
'HPDQGDV GH )RUPDFLyQ H
,QYHVWLJDFLyQDQLYHOGH3RVW
JUDGRµ
3URJUDPDVGH3RVWJUDGR)L
QDQFLDGRV
2EWHQHU ÀQDQFLDPLHQWR SDUD
SURJUDPDV
'RV SURJUDPDV ÀQDQFLDGR
SRU6(1$&<7
‡ 3URJUDPD GH 0DHVWUtD
HQ &LHQFLDV 3HFXDULDV
FRQ eQIDVLV HQ 3URGXF
FLyQ$QLPDO
‡ 3URJUDPD GH 0DHVWUtD
HQ &LHQFLDV GH ,QJHQLH
UtD GH 6LVWHPDV GH &R
PXQLFDFLRQHV FRQ eQID
VLVHQ5HGHVGH'DWRV
9LQFXODFLyQ GH 3URJUDPDV
GH 3RVWJUDGR FRQ 8QLYHUVL
GDGHV([WUDQMHUDV
3URJUDPDVGHSRVWJUDGRYLQ
FXODGRVDXQLYHUVLGDGHVH[
WUDQMHUDV
'RV SURJUDPDV GH SRVWJUD
GR YLQFXODGRV D OD 8QLYHUVL
GDG&DUORV,,,GH0DGULG
‡ 0DHVWUtD HQ *HVWLyQ \
7HFQRORJtD GHO &RQRFL
PLHQWR FRQ 0RGDOLGDG
3URIHVLRQDO
‡ 0DHVWUtDHQ&LHQFLDVGH
,QJHQLHUtD GH 6LVWHPDV
GH &RPXQLFDFLyQ FRQ
GRV eQIDVLV &RPXQLFD
FLRQHV0yYLOHVH,QDOiP
EULFDV\5HGHVGH'DWRV
&RODERUDFLyQ$FDGpPLFDGH
8QLYHUVLGDGHV([WUDQMHUDV
3URJUDPDVGHSRVWJUDGRIRU
WDOHFLGRVFRQODFRODERUDFLyQ
GHXQLYHUVLGDGHVH[WUDQMHUDV
'LHFLVpLVSURJUDPDVGHSRVW
JUDGR IRUWDOHFLGRV DFDGpPL
FDPHQWHFRQODFRODERUDFLyQ
GHXQLYHUVLGDGHVH[WUDQMHUDV
HQWUHHOODV/D+DEDQD,QVWL
WXWR6XSHULRUSROLWpFQLFR-RVp
$QWRQLR(FKHYHUUtD,63-$(
8QLYHUVLGDG GH &RVWD 5LFD
8QLYHUVLGDG3HGDJyJLFD1D
FLRQDO )UDQFLVFR 0RUD]iQ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
GH+RQGXUDV8QLYHUVLGDGGH
$QWLRTXLDHQWUHRWUDV
3URSXHVWD GH 3URJUDPD
,QWHUXQLYHUVLWDULR GH 0DHV
WUtD HQ 6HJXULGDG ,QIRUPiWL
FD8QLYHUVLGDGGH3DQDPi
8QLYHUVLGDG 7HFQROyJLFD GH
3DQDPi ,QVWLWXWR 6XSHULRU
3ROLWpFQLFR -RVp $QWRQLR
(FKHYHUUtD,63-$(
&RQFHUWDFLyQ GH FRQYHQLRV
GHSUiFWLFDSURIHVLRQDO
3UiFWLFDSURIHVLRQDOFRQHP
SUHVDV LQVWLWXFLRQHV \ RUJD
QL]DFLRQHVVRFLDOHV
8Q PRGHOR GH FRQYHQLR
PDUFRELODWHUDOGHSUiFWLFD
SURIHVLRQDO YDOLGDGR SRU HO
HTXLSRGHSRVWJUDGR
6XESUR\HFWR(ODERUDFLyQGH
0RGHORGH&RQYHQLR
$XGLWRULDVLQWHUQD\H[WHUQD
2UJDQL]DFLyQ \ SDUWLFLSDFLyQ
HQDXGLWRULDV,QWHUQD\H[WHUQD
'RV DXGLWRUtDV XQD LQWHUQD
HQ IHEUHUR \ RWUD H[WHUQD HQ
DEULOGH
&DSDFLWDFLyQ\DFWXDOL]DFLyQ
$FWLYLGDGHV GH FDSDFLWDFLyQ
\DFWXDOL]DFLyQ
6HUHDOL]DURQHQFXHQWURVWD
OOHUHV \ VHPLQDULRV FRQ ORV
GLUHFWRUHV \ FRRUGLQDGRUHV
GH 3URJUDPDV GH 3RVWJUDGR
\ GLHFLRFKR FDSDFLWDFLRQHV
HQ DXWRHYDOXDFLyQ HQ ODV
GLIHUHQWHV IDFXOWDGHV H ,QVWL
WXWRV
3UR\HFWRV GH ,QYHVWLJDFLyQ
GH7HVLV
5HDOL]DUSUR\HFWRVGHLQYHV
WLJDFLyQGHWHVLV
&LQFXHQWD\FXDWURSUR\HFWRV
GHLQYHVWLJDFLyQGHWHVLVGLV
WULEXLGRVDVtFXDUHQWD\WUHV
HQ iUHD GH &LHQFLDV (FR
QyPLFDV \ 6RFLDOHV WUHV HQ
iUHD GH &LHQFLDV 1DWXUDOHV
([DFWDV\7HFQRORJtD\RFKR
HQ&LHQFLDVGHOD6DOXG
7HVLV$SUREDGDV
'HIHQVDVGH7HVLV
9HLQWLVpLV HQ &LHQFLDV (FR
QyPLFDV \ 6RFLDOHV RFKR
HQ&LHQFLDV1DWXUDOHV([DF
WDV \7HFQRORJtD \ YHLQWH HQ
&LHQFLDVGHOD6DOXG
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&RQVXOWDV\UHFODPRV
$WHQFLyQDFRQVXOWDV\UHFOD
PRVOHJDOHVHQHOVLVWHPDGH
SRVWJUDGR
'LH] UHFODPRV OHJDOHV DWHQ
GLGRVHQSRVWJUDGR
(VWXGLR3UHOLPLQDUGH$FXtIH
UR&RVWHUR&RPSUHQGLGRHQ
WUH&KDPH\6DQ&DUORV
&RQRFHUORVSULQFLSDOHVSDUi
PHWURV KLGUiXOLFRV KLGURTXt
PLFRV H KLGURGLQiPLFRV GHO
DFXtIHURFRVWHURSDUDGHWHU
PLQDU HO HIHFWR SRVLWLYR QH
JDWLYR RQHXWUR TXH SURGXFH
OD H[SORWDFLyQ GH ORV SR]RV
FRVWHURV
(O SUR\HFWR VH HQFXHQWUD HQ
VXIDVHLQLFLDO
'HOLPLWDU OD ]RQD GH LQWHUID]
GH DJXD GXOFHVDODGD \ IRU
PXODUSDXWDVGHFRQWURO
/HYDQWDUXQ0RGHOR&RQFHS
WXDO+LGUROyJLFRFRQORVGDWRV
REWHQLGRVGHOSUR\HFWR
'HVDUUROODU XQD FXOWXUD GH
DJXDHQODSREODFLyQDSDUWLU
GH PHWRGRORJtD SDUWLFLSDWLYD
\WDOOHUHVGHIRUPDFLyQ
,QWHUFDPELDU H[SHULHQFLDV
FRQ DXWRULGDGHV \ SURIHVR
UHV LQYHVWLJDGRUHV HQ WHPDV
UHODFLRQDGRV FRQ HO XVR OD
H[SORWDFLyQ \ JHVWLyQ GHO UH
FXUVRKtGULFRVXVWHQWDEOH
'LYXOJDUORVUHVXOWDGRV
/DERUDWRULRGH$UWUySRGRV
9HQHQRVRV
(VWXGLR GH ORV yUGHQHV 6FRU
SLRQHV\2SLOLRQHVGH3DQDPi
0DQWHQHU \ GHVDUUROODU OD
&ROHFFLyQ1DFLRQDOGH5HIH
UHQFLDGH$UiFQLGRV\JUXSRV
DÀQHV
'HVDUUROODU DFWLYLGDGHV TXH
OOHYHQDXQPHMRUFRQRFLPLHQ
WR\SURWHFFLyQGHODIDXQDGH
DUiFQLGRV\JUXSRVDÀQHVGH
OD5HS~EOLFDGH3DQDPi
(O SUR\HFWR DOFDQ]D DFWXDO
PHQWHXQGHDYDQFHHQ
VXVREMHWLYRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
%LRTXtPLFD GH $OLPHQWRV \
1XWULFLyQ ´&RQFHQWUDGRV GH
iFLGRV 2PHJD D EDVH GH
DFHLWHGHSHVFDGRµ
&XDQWLÀFDU OD FRQFHQWUDFLyQ
GH iFLGR GRFRVDKH[DHQRLFR
'+$\GHiFLGRHLFRVDSHQ
WDHQRLFR '3$ HQ HO DFHLWH
GHSHVFDGR
(O3UR\HFWRKDDYDQ]DGRHQ
XQÀQDQFLDGRSRU6(
1$&<7 SRU EDO
ERDV
3UR\HFWR352%,2
&DUDFWHUL]DFLyQ GHO FRPSRU
WDPLHQWRGHSDUiPHWURVPH
WHRUROyJLFRV HQ OD UHVHUYD
IRUHVWDOGH(O0RQWXRVR
(VWXGLDU HO FRPSRUWDPLHQWR
GH ODV YDULDEOHV PHWHRUROy
JLFDV WDOHV FRPR UDGLDFLyQ
VRODU JOREDO SUHVLyQ DWPRV
IpULFD KXPHGDG UHODWLYD
WHPSHUDWXUDDPELHQWHGLUHF
FLyQ GHO YLHQWR UDSLGH] GHO
YLHQWR\QLYHOHVGHSUHFLSLWD
FLyQSOXYLDOHQODUHVHUYDIR
UHVWDOGH(O0RQWXRVR
3DUD WDO HIHFWR HO SHUVRQDO
WpFQLFRGHO/DERUDWRULRGH)t
VLFDGHOD$WPyVIHUDHVWiSUR
FHGLHQGRDLQVWDODUHQHOVL
WLRHQPHQFLyQXQDHVWDFLyQ
PHWHRUROyJLFD &$03%(//
&5 FX\D RSHUDWLYLGDG
VHUiUHVSRQVDELOLGDGGHHVWH
ODERUDWRULR
/DERUDWRULRGH)tVLFDGHOD
$WPyVIHUD
(VWXGLRH,QYHVWLJDFLyQGHOD
)tVLFD GH OD $WPyVIHUD \ HO
0HGLR$PELHQWH
(VWDEOHFHU XQD 5HG 5D
GLRPpWULFD \ 0HWHRUROyJLFD
1DFLRQDO FRQ XQ PtQLPR GH
FLQFR VLWLRV GH PRQLWRUHR
&RQVWUXLU HO PDSD GH LVROt
QHDVGHLUUDGLDFLyQVRODUJOR
EDO\GRVLV89%SDUDWRGDOD
5HS~EOLFDGH3DQDPi
(O SUR\HFWR KD ORJUDGR XQ
DYDQFH GHO 7RGDYtD
HVWiSHQGLHQWHODLQVWDODFLyQ
GH GRV HVWDFLRQHV UDGLRPp
WULFDV \ PHWHRUROyJLFDV DGL
FLRQDOHV
(VWXGLDU OD SRVLEOH FRUUHOD
FLyQ HQWUH OD LQFLGHQFLD GH
FiQFHUHV GH SLHO HQ ODV GL
IHUHQWHV ]RQDV FOLPiWLFDV
GH3DQDPi\ODVFRUUHVSRQ
GLHQWHV GRVLV WRWDOHV DQXD
OHV89%UHJLVWUDGDV
(VWDEOHFHU XQ VLVWHPD GH
LQIRUPDFLyQ KDFLD OD FRPX
QLGDG SDUD GLIXQGLU GLDULD
PHQWHORVSURQyVWLFRVUDGLR
PpWULFRV\PHWHRUROyJLFRV
(VWXGLDUORVHIHFWRVGHOFDP
ELRFOLPiWLFRHQOD5HS~EOLFD
GH 3DQDPi \ OD UHODFLyQ GH
OD FRQFHQWUDFLyQ GH DHURVR
OHVGHORVSDUiPHWURVDWPRV
IpULFRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
/DERUDWRULRGH)tVLFDGHOD
$WPyVIHUD
(VWXGLR GH OD (YROXFLyQ GHO
&DPELR &OLPiWLFR HQ 3DQD
Pi \ $PpULFD &HQWUDO 3UR
\HFWR7&1$6$
(VWXGLDU HO FRPSRUWDPLHQWR
UD KXPHGDG UHODWLYD YDSRU
GHDJXD\FROXPQDGHR]RQR
HQODWURSyVIHUD\HVWUDWyVIH
UDWURSLFDO
GH 5DGLDFLyQ ,QIUDUURMD GH
2QGD /DUJD 2/5 SRU SDU
WHGHODQXEHVFLUUXV\XQTXH
GHOJDGDV
(VWHSUR\HFWRKDORJUDGRXQ
DYDQFHGHO
(VWDEOHFHU HO HIHFWR QHWR GH
FDOHQWDPLHQWR JHQHUDGR SRU
HVWDVQXEHVHQODWURSRVIHUD
VXSHULRU
(VWXGLDU HO HIHFWR GH OD DE
VRUFLyQ \ GLIXVLyQ GH UDGLD
FLyQLQIUDUURMDGH2QGD&RUWD
JHQHUDGR SRU ORV DHURVROHV
HQODWURSyVIHUDWURSLFDO
ORV QLYHOHV GH SUHFLSLWDFLyQ
GXUDQWH ODV FXDWUR ~OWLPDV
GpFDGDV
$FWXDOL]DFLyQ GHO VLVWHPD GH
*HVWLyQGH&DOLGDG
$FWXDOL]DUHOVLVWHPDGHJHVWLyQ
GHFDOLGDG
FDFLyQ (& SRU OD
VLVWHPDGHJHVWLyQGHODFDOL
GDG ,62 $SSOXV
3DQDPi$EULO
0HMRUDPLHQWR GH OD JHVWLyQ
FLHUD
OD9LFHUUHFWRUtDGH,QYHVWLJD
FLyQ\3RVWJUDGR
6HPLQDULR7DOOHU´*HVWLyQGH
&DOLGDGEDVDGRHQODQRUPD
,62 µ 6HPLQDULR
GH ,QGXFFLyQ ´1RUPD ,62
µ \ HO 6HPLQDULR
7DOOHU ´0DQHMR GH $FFLRQHV
&RUUHFWLYDV 3UHYHQWLYDV \
2SRUWXQLGDGHVGH0HMRUDµ
6H DGTXLULHURQ HTXLSRV
H LQVXPRV LQIRUPiWLFRV
%
5(1',&,Ð1'(&8(17$6
9LFHUUHFWRUtD$GPLQLVWUDWLYD
3UR\HFWR0HWD5HVXOWDGR
)RUPDU \ FDSDFLWDU HO WDOHQWR
KXPDQRGHODLQVWLWXFLyQ
'LVHxDUXQSODQSHUPDQHQWH
GH FDSDFLWDFLyQ GHO UHFXUVR
KXPDQR WRPDQGR HQ FXHQ
WD ORV YDORUHV ODV GLIHUHQWHV
WHFQRORJtDV GH OD FRPXQL
FDFLyQ OD FXOWXUD GH SD] HO
DPELHQWH\ODSHUVSHFWLYDGH
JpQHUR
6H FXPSOLy FRQ HO FURQRJUD
PDGHFDSDFLWDFLyQDOUHFXU
VRKXPDQR
'RWDUGHXQVLVWHPDLQIRUPiWLFR
DOD8QLYHUVLGDGGH3DQDPi
,QWHJUDU ODV iUHDV DGPLQLV
WUDWLYDV SUHVXSXHVWDULDV \
ÀQDQFLHUDVGHPDQHUDTXHOD
LQIRUPDFLyQHVWpLQWHJUDGD
6HHVWiDYDQ]DQGRFRQIRUPH
DOQXHYRFURQRJUDPDGHDFWL
YLGDGHVGHIRUPDJOREDOHQ
XQHQEDVHDODVWDUHDV
\DFFLRQHVUHDOL]DGDV
0RGHUQL]DFLyQGHORVSURFHVRV
DGPLQLVWUDWLYRV
&RRUGLQDFLyQGHODFRPLVLyQ
GH PRGHUQL]DFLyQ \ VLP
SOLÀFDFLyQ GH ORV SURFHVRV
DGPLQLVWUDWLYRV EDMR HO 3UR
\HFWRGH6,3$)6LVWHPDGH
,QIRUPDFLyQ 3UHVXSXHVWDULR
$GPLQLVWUDWLYR \ )LQDQFLHUR
SDUD WHQHU LQIRUPDFLyQ DF
WXDOL]DGD \ RSRUWXQD SDUD OD
WRPDGHGHFLVLRQHV
6H OOHYDURQ D FDER UHXQLR
QHV FRQ ODV FRPLVLRQHV GH
WUDEDMRFUHDGDVSDUDODDGH
FXDFLyQ \ SUHSDUDFLyQ GH OD
LQIRUPDFLyQ IXHQWH SDUD OD
FDSWXUDDOVLVWHPD
%LHQHVGHODLQVWLWXFLyQ
'HWHUPLQDFLyQ GH OD XELFD
FLyQ ItVLFD \ HVWDGR GH ORV
ELHQHVGHODLQVWLWXFLyQ
6H FUHy XQD VXEFRPLVLyQ
GH XELFDFLyQ ItVLFD LQWH
JUDGD SRU IXQFLRQDULRV GH
OD 'LUHFFLyQ *HQHUDO GH
3ODQLÀFDFLyQ \ (YDOXDFLyQ
8QLYHUVLWDULD 'LUHFFLyQ GH
,QJHQLHUtD \ $UTXLWHFWXUD \
OD 6HFFLyQ GH %LHQHV 3DWUL
PRQLDOHV SDUD GHWHUPLQDU
GRQGH HVWiQ XELFDGRV ORV
ELHQHVGHODLQVWLWXFLyQ
6HGDLQLFLRDODDVRFLDFLyQGH
FXHQWDV ÀQDQFLHUDV FRQ ORV
REMHWRVGHOJDVWR\GHELHQHV
SDWULPRQLDOHV FRQ HO VHQWLGR
GH SDUDPHWUL]DU ORV DVLHQWRV
FRQWDEOHVQHFHVDULRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
2SWLPL]DU HO SURFHVR GH FRP
SUDV
&RQWDU FRQ XQ FDWiORJR GH
SURGXFWRV \ SURYHHGRUHV
SDUDDJLOL]DUORVSURFHVRVGH
FRPSUDV
6H FUHy XQD FRPLVLyQ GH
&DWiORJR GH 3URGXFWRV \
3URYHHGRUHVGRQGHVHFHQ
WUDOL]DUi OD FUHDFLyQ GH ORV
SURGXFWRV\SURYHHGRUHVTXH
SDUWLFLSDQ HQ HO SURFHVR GH
FRPSUDVYHQWDV
6HHQWDEOyFRQYHUVDFLyQFRQ
3DQDPi &RPSUD \ HO 0()
6,$)3$ SDUD ORJUDU OD LQ
WHUIDVHFRQHVWRVVLVWHPDV
$ SDUWLU GH PD\R VH
UHIRUPXOD HO SUR\HFWR FRQ
OD DGPLQLVWUDFLyQ \ UHVSRQ
VDELOLGDG GH OD 'LUHFFLyQ
GH ,QIRUPiWLFD /D 8QLYHU
VLGDG 7HFQROyJLFD GH 3D
QDPi QRV IDFLOLWy HO FyGLJR
IXHQWHGHOVLVWHPDHQEDVH
DpOVHKDQKHFKRDMXVWHVDO
VLVWHPD
(O9LFHUUHFWRU$GPLQLVWUDWLYR'U&DUORV%UDQGDUL]SDUWLFLSDHQUHXQLyQFRQ
OD'LUHFWRUDGH5HFXUVRV+XPDQRVSURIHVRUD,OVH&UyFDPRODGHFDQDGH
ODIDFXOWDGGH,QIRUPiWLFD(OHFWUyQLFD\&RPXQLFDFLyQMXQWRDRWURVDGPL
QLVWUDWLYRVWUDWDQWHPDVGHVRSRUWHWpFQLFRGHOD,QVWLWXWXFLyQ
6HKDHVWDGRYHULÀFDQGRORV
DSOLFDWLYRV \ SURFHGLPLHQWRV
SDUD ORV PyGXORV GH 3UHVX
SXHVWR\&RQWDELOLGDGFRQORV
XVXDULRV GH )LQDQ]DV SDUD
DGHFXDUORV D ODV QHFHVLGD
GHVUHDOHVGHORVPLVPRV
$FWXDOPHQWH HQ OD IDVH GH
FDSDFLWDFLyQGHOSHUVRQDOGH
&RPSUDV $OPDFpQ *HQHUDO
\ &DWiORJR GH OD 'LUHFFLyQ
GH 6HUYLFLRV $GPLQLVWUDWL
YRV SRVWHULRUPHQWH FRQ HO
SHUVRQDO GH ODV XQLGDGHV
JHVWRUDV\ÀQDOPHQWHHOSHU
VRQDO TXH DGPLQLVWUD RWURV
DOPDFHQHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
7UDQVSDUHQFLD GH ORV SURFH
VRVGHFRQWUDWDFLyQS~EOLFD
9HODU TXH VH UHFLEDQ ODV
REUDV FRQWUDWDGDV HQ IRUPD
VDWLVIDFWRULD
7HQLHQGRFRPREDVHHOSULQ
FLSLR GH WUDQVSDUHQFLD \D
HVWLSXODGR HQ ORV SOLHJRV GH
FDUJRV\HQODVGLVSRVLFLRQHV
MXUtGLFDV VH KD VXSHUYLVDGR
OD VHOHFFLyQ GH HPSUHVDV
FRQWUDWLVWDV HQ IRUPD REMHWL
YD \ MXVWD HQ OD FXDO VH HV
FRJHODSURSXHVWDPiVIDYR
UDEOHDODHQWLGDG\DORVÀQHV
TXHpVWDEXVFD
$ ÀQ GH YHULÀFDU TXH FXP
SODQ ODV FRQGLFLRQHV GH FD
OLGDG GH FRQIRUPLGDGFRQORV
FRQWUDWRV\SOLHJRVGHFDUJRV
YHODPRV TXH VH UHFLEDQ ODV
REUDV FRQWUDWDGDV HQ IRUPD
VDWLVIDFWRULD UHYLViQGRVH SH
ULyGLFDPHQWH VX GHVDUUROOR \
HMHFXFLyQ GiQGRVH LJXDO VH
JXLPLHQWRDORVVHUYLFLRVSUHV
WDGRV\ELHQHVVXPLQLVWUDGRV
0HMRUDPLHQWR PRGLÀFDFLRQHV
\FUHDFLyQGHQXHYDVLQVWDOD
FLRQHVItVLFDVXQLYHUVLWDULDV
'RWDUGHHVWUXFWXUDVDGHFXD
GDV D OD 8QLYHUVLGDG GH 3D
QDPiHQEHQHÀFLRGHOVHFWRU
HVWXGLDQWLO GRFHQWH \ DGPL
QLVWUDWLYR
(QPDUFDGR GHQWUR GHO SULQ
FLSLRGHWUDQVSDUHQFLDVUHV
SRQVDELOLGDG \ HÀFLHQFLDV
FRQODJXtD\WRPDGHGHFLVLR
QHV GH ODV DXWRULGDGHV UHV
SHFWLYDV LQFOX\HQGR HO &RQ
VHMR $GPLQLVWUDWLYR VH KDQ
OOHYDGR D FDER ODV DFFLRQHV
WpFQLFDV\DGPLQLVWUDWLYDVGH
ORV SUR\HFWRV GH LQYHUVLyQ
GDQGRUHVSXHVWDDORVSODQHV
\ SUR\HFWRV UHTXHULGRV SRU
ODV GLIHUHQWHV XQLGDGHV DFD
GpPLFDV \ DGPLQLVWUDWLYDV
TXHFRQIRUPDQODLQVWLWXFLyQ
DWHQGLpQGRVH ODV VROLFLWXGHV
GH XQLGDGHV DFDGpPLFDV \
DGPLQLVWUDWLYDV GHO FDPSXV
FHQWURV UHJLRQDOHV \ H[WHQ
VLRQHVGRFHQWHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$XWRJHVWLyQ
0RGLÀFDFLyQ GH ORV SURFH
GLPLHQWRV GHO SURFHVR GH
FRQWUDWDFLyQ GH GRFHQWHV
R IDFLOLWDGRUHV FRQ FDUJR DO
SUHVXSXHVWR GH DXWRJHVWLyQ
IXHQWH REMHWR GHO JDVWR
SRU GLFWDU FXUVRV VH
PLQDULRV GLSORPDGRV SRVW
JUDGRV \ RWURV DWHQGLHQGR
PDQGDWR GHO &RQVHMR $GPL
QLVWUDWLYR
3HUVRQDO GH OD 9LFHUUHFWR
UtD $GPLQLVWUDWLYD GH OD 'L
UHFFLyQ GH )LQDQ]DV \ GH
OD 'LUHFFLyQ GH 5HFXUVRV
+XPDQRV \ GH OD 8QLGDG GH
$XWRJHVWLyQ GH OD 'LUHFFLyQ
*HQHUDO GH 3ODQLÀFDFLyQ \
(YDOXDFLyQ8QLYHUVLWDULDFD
SDFLWDURQDORVFRODERUDGRUHV
GH ODV GLIHUHQWHV XQLGDGHV
DFDGpPLFDV \ DGPLQLVWUDWL
YDV SDUD OD LPSOHPHQWDFLyQ
GHORVPLVPRV
0D\RU HÀFLHQFLD GHO SUHVX
SXHVWRGHDXWRJHVWLyQ
6HORJUyDJLOL]DUORVSURFHGL
PLHQWRV IDFLOLWDQGR OD HMHFX
FLyQFRQPD\RUHÀFLHQFLDGHO
SUHVXSXHVWR GH DXWRJHVWLyQ
H LQFHQWLYDU OD SODQWD GH GR
FHQWHV\IDFLOLWDGRUHVFRQXQ
SDJRPiVH[SHGLWRSRUODOD
ERUFXPSOLGD
8QLGDGHVDGVFULWDV
'LUHFFLyQGH)LQDQ]DV
3UR\HFWR0HWD5HVXOWDGR
5HFXSHUDFLyQ \ GHSXUDFLyQ
GHFXHQWDVSRUFREUDU
5HGXFLU ODV FXHQWDV SRU FR
EUDU\DVtDSOLFDUXQDPHMRU
URWDFLyQHQORVFREURVGHGL
FKDVFXHQWDV
&8(17$6325&2%5$5
7DVDV\GHUHFKRVSRUFREUDU
‡
‡
9HQWDV\ELHQHVVHUYLFLRV
SRUFREUDU%
5HQWD GH OD SURSLHGDG
%
7RWDO%
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(VWDV FXHQWDV SRU FREUDU VH
RULJLQDQ GH OD DFWLYLGDG GH
IXQFLRQDPLHQWR SRU UHFXSH
UDFLRQHVGHFXHQWDVGHOSHU
VRQDOGRFHQWH\DGPLQLVWUDWL
YRDOTXLOHUGHHVSDFLRItVLFR
GH RSHUDFLRQHV GH NLRVFRV
IRWRFRSLDV \ DUUHQGDPLHQWR
GH iUHDV SDUD YDOODV SXEOLFL
WDULDV
6LVWHPD GH DFFHVR GH WDUMH
WDPDJQpWLFDFRQLQVWDODFLyQ
GH FiPDUDV GH YLJLODQFLD HQ
OD VHFFLyQ GH FDMD JHQHUDO \
DOUHGHGRUHV
6HJXULGDG \ FRQWURO LQWHUQR
SDUD SUHYHQFLyQ GH VXVWUDF
FLRQHVIRUiQHDV
)XHLQVWDODGD\QRVDGYLHUWH
VREUH VLWXDFLRQHV IXHUD GH
FRQWURO 1RV REOLJD D WRPDU
GHFLVLRQHVUiSLGDVGHFDUiF
WHUFRUUHFWLYR
(O FRVWR TXH JHQHUy HVWH
SUR\HFWRHVGH%
SURGXMRXQLPSDFWRGHVHJX
ULGDGFXVWRGLD\YLJLODQFLDHQ
ODDGPLQLVWUDFLyQFHQWUDO
0DWUtFXOD HQ OtQHD FRQ HO
%DQFR 1DFLRQDO D QLYHO QD
FLRQDOGHPDQHUDLQWHJUDO
$VHJXUDU TXH ORV LQJUHVRV
UHFDXGDGRV VHDQ GHSRVLWD
GRVGHPDQHUDRSRUWXQDHQ
ODFXHQWDEDQFDULDGHPD
QHUDLQPHGLDWDHLQWDFWD
'XUDQWH HO SHUtRGR LQIRU
PDGR VH KD UHFDXGDGR
LQJUHVRV SRU XQ WRWDO GH
% GH ORV
FXDOHV FRUUHVSRQGH D LQJUH
VRVSURSLRV%
\ DSRUWH GHO *RELHUQR
%'HHVWDV
FLIUDV HO VH UHFLELy
GLUHFWDPHQWH HQ HO EDQFR
%
(MHFXFLyQ SUHVXSXHVWDULD \
ÀQDQFLHUDGHODVLQYHUVLRQHV
7UDQVIHUHQFLDVGHFDSLWDORSRU
WXQDVGHOSUHVXSXHVWRGHLQYHU
VLRQHVSDUDÀQDQFLDUODHMHFX
FLyQ GH ODV REUDV UHDOL]DGDV
SDUDLQFUHPHQWDUODLQIUDHVWUXF
WXUDUHTXHULGDSDUDJUXSRVHV
WXGLDQWLOHVGHQXHYDVFDUUHUDV
/RVUHFXUVRVGHFDSLWDOUHFL
ELGRVSDUDODUHDOL]DFLyQGH
REUDVGHLQYHUVLyQDOFDQ]yOD
FLIUDGH%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3URJUDPDGHLQYHVWLJDFLyQ
3ODQ SHUPDQHQWH GH FDSDFL
WDFLyQGHOUHFXUVRKXPDQR
3URSRUFLRQDU OD LQIRUPDFLyQ
SUHVXSXHVWDULD \ ÀQDQFLHUD
UHTXHULGDSDUDDSR\DUHOSUR
JUDPDGHLQYHVWLJDFLyQ
'HO SUHVXSXHVWR DVLJQDGR
SDUD HO SURJUDPD GH LQYHVWL
JDFLyQVHHMHFXWyHO
GH % VH HMH
FXWDURQ%
'HVDUUROODU OD SROtWLFD LQVWL
WXFLRQDOGHUHJLVWUR\FRQWURO
SDUD OD UHFHSFLyQ \ PDQH
MR GH UHFXUVRV HFRQyPLFRV
SDUDODLQYHVWLJDFLyQ
$FWXDOPHQWH VH HVWi GHVD
UUROODQGR
&RQWULEXLUFRQHOSODQGHHGX
FDFLyQ FRQWLQXD EDVDGR HQ
ODV FRPSHWHQFLDV SURIHVLR
QDOHV TXH GHPDQGD HO PHU
FDGRHGXFDWLYR
6H KD FDSDFLWDGR DOUHGHGRU
GHSURIHVRUHVGHO0L
QLVWHULR GH (GXFDFLyQ HQ SHUtRGRV
\
7UDPLWDU HO ÀQDQFLDPLHQWR
SDUD HO SDJR D ORV GRFHQWHV
TXH SDUWLFLSDURQ FRPR IDFLOL
WDGRUHVGHORVSURIHVRUHVGHO
0LQLVWHULRGH(GXFDFLyQ
/D FXHQWD SRU FREUDU DO 0L
QLVWHULR GH (GXFDFLyQ HQ
FRQFHSWR GH FDSDFLWDFLyQ
DVFLHQGH D OD VXPD GH %
GHVJORVDGR
%
%
0HMRUDU OD DFWLWXG GHO SHUVR
QDO IUHQWH D VX SDUWLFLSDFLyQ
HQ OD JHVWLyQ DGPLQLVWUDWLYD
SDUD EULQGDU XQ VHUYLFLR GH
FDOLGDG
6HKDQUHDOL]DGRORVVLJXLHQ
WHVVHPLQDULRV
‡ $FWXDOL]DFLyQ SDUD ORV
IRUPXODULRV GH DQWHSUR
\HFWR
‡ %LHQHVWDU VRFLDO GHO HP
SOHDGR
‡ 'HWHFFLyQGHELOOHWHVIDOVRV
‡ 3ODQLÀFDFLyQ RUJDQL]D
FLyQ\VXSHUYLVLyQODERUDO
‡ &DOLGDG \ SURGXFWLYLGDG
FRQHQIRTXHGHVHUYLFLRV
DOFOLHQWH
‡ :RUG
‡ )RUPDFLyQ \ HYDOXDFLyQ
GHSUR\HFWRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
‡
‡
‡
‡
'HVDUUROODU XQD FXOWXUD GH
FDOLGDGHQHOSURFHVRGHHMH
FXFLyQDGPLQLVWUDWLYD\ÀQDQ
FLHUD
9HULÀFDUTXHFDGDH[SHGLHQ
WHFXPSODFRQODVQRUPDVYL
JHQWHV\FRQWHQJDORVGRFX
PHQWRVH[LJLGRV
&RQWUDWDFLyQ DGPLQLVWUD
WLYDGHOUHFXUVRKXPDQR
0DQXDOHV GH SURFHGL
PLHQWRV FRPR LQVWUX
PHQWR IXQGDPHQWDO SDUD
OD FRRUGLQDFLyQ GLUHF
FLyQ HYDOXDFLyQ \ FRQ
WURODGPLQLVWUDWLYR
/D SURIHVLyQ FRQWDEOH
WUDQVSDUHQFLD pWLFD \
PRWLYDFLyQ
/RV DUFKLYRV \ UHVWDXUD
FLyQ \ UHKDELOLWDFLyQ GH
OD HGLÀFDFLyQ SDUD VX
,QVWDODFLyQ$UTXLWHFWXUD
\1RUPDWLYDV
6HRUJDQL]yODLQVWDODFLyQGH
OD2ÀFLQDGH&RQWUROGH&DOL
GDGHVSDFLRItVLFRHTXLSR\
SHUVRQDO
/D2ÀFLQDGH&RQWUROGH&D
OLGDGLQLFLyVXVODERUHVHQHO
PHVGHPDU]RGHFRQ
FXDWURIXQFLRQDULRV
,QIRUPDU D ODV XQLGDGHV ORV
SUREOHPDVTXHSUHVHQWHQHQ
HOSURFHVRGHWUiPLWH
6H UHDOL]DURQ ORV GLDJUDPDV
GH ÁXMR GH FDGD XQR GH ORV
GRFXPHQWRVTXHVHWUDPLWDQ
HQOD'LUHFFLyQGH)LQDQ]DV
(OSHUVRQDOUHFLELyFDSDFLWD
FLyQ GH OD 2ÀFLQD GH )LVFD
OL]DFLyQ FRQ HO SURSyVLWR GH
FRQRFHUHOUROTXHOHVFRUUHV
SRQGH
'HYROYHUDODVXQLGDGHVHMH
FXWRUDVORVH[SHGLHQWHVTXH
QR FXPSODQ FRQ OD QRUPDWL
YDYLJHQWH\FRQORVFUpGLWRV
SUHVXSXHVWDULRVQHFHVDULRV
/D RÀFLQD KD LQLFLDGR VX
DWHQFLyQGHORVGRFXPHQWRV
GH PDQHUD JUDGXDO KDVWD
DWHQGHUHOFLHQSRUFLHQWR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6HKDLQLFLDGRODHODERUDFLyQ
GHO 0DQXDO GH 2UJDQL]DFLyQ
GHOD'LUHFFLyQGH)LQDQ]DV
6HEHQHÀFLDDODDGPLQLVWUD
FLyQHQJHQHUDO\DQXHVWURV
XVXDULRV KDFLHQGR PiV H[
SHGLWRHOWUiPLWHGHORVGRFX
PHQWRVGHJHVWLyQLQVWLWXFLR
QDO
'HVFHQWUDOL]DFLyQ GHO VLVWH
PDGHUHJLVWURGHORVELHQHV
SDWULPRQLDOHV
(VWDEOHFHU XQ VLVWHPD GH
LQVWUXPHQWRV TXH SHUPLWD
TXH FDGD XQLGDG DGPLQLV
WUDWLYD VH UHVSRQVDELOLFH GH
UHJLVWUDU \ PDQWHQHU DFWXD
OL]DGR D QLYHO GH GHWDOOH VX
SURSLR LQYHQWDULR GH ELHQHV
SDWULPRQLDOHV
6H HODERUy OD *XtD *HQHUDO
SDUD HO 0DQHMR GHO 0yGXOR
GH%LHQHV3DWULPRQLDOHV
7DPELpQ VH GHVLJQy HO SHU
VRQDO UHVSRQVDEOH GH FDGD
XQLGDGHQODFH\FRQWDGRU
$FDGDIXQFLRQDULRVHOHDVLJ
QyVXFODYHGHDFFHVR
/DFDSDFLWDFLyQIXHEULQGDGD
HQ XQ TXHGDQGR SHQ
GLHQWH ODV iUHDV UHJLRQDOHV
SDUD LQLFLDU HQ DJRVWR GH
/D LQVWDODFLyQ GH OD KHUUD
PLHQWD LQIRUPiWLFD 2UDFOH
HQFDGDGHSHQGHQFLDVHLQL
FLyHQDJRVWRGH
'LDJQyVWLFR GH OD VLWXDFLyQ
GHULHVJRGHODVLQVWDODFLRQHV
ItVLFDV GRQGH HVWi XELFDGD OD
'LUHFFLyQGH)LQDQ]DV
'HSXUDFLyQGHOLQYHQWDULRGH
%LHQHV3DWULPRQLDOHV
/HYDQWDU LQYHQWDULR DFWXD
OL]DU HO VLVWHPD \ EDODQFHDU
FRQHOiUHDFRQWDEOHDODIH
FKD DFWXDOPHQWH HQ HWDSD
LQLFLDO
,PSXOVDUODKDELOLWDFLyQGHODV
FHQVRUXELFDGRHQODFROLQD
/DFRWL]DFLyQSDUDORVWUDEDMRV
D UHDOL]DU \ VXV YDORUHV VRQ
% \ %
GHPDQWHQLPLHQWR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(VWDEOHFHU SyOL]DV FRQ FR
EHUWXUDVGHLQFHQGLRVXVWDQ
FLDVWy[LFDV\DFRQGXFWRUHV
,QIRUPHV SHULyGLFRV HQ PD
WHULDÀQDQFLHUD\SUHVXSXHV
WDULD
6ROLFLWDU OD ,PSHUPHDELOL]D
FLyQGHOWHFKRGHOžSLVR
6H UHDOL]y HO WUDEDMR HQ XQ
FLHQSRUFLHQWR
)RPHQWDU OD UHSDUDFLyQ GH
ODVJULHWDVTXHWLHQHHOWHFKR
\SDUHGHVGHOHGLÀFLRHQHOž
SLVR
(VWi HQ SURFHVR GH HYDOXD
FLyQGHORVFRVWRV
1XHYDSyOL]DGHUHVSRQVDEL
OLGDGFLYLO\GHLQFHQGLR
6HDVHJXUDURQODVPHMRUDVD
ODVLQVWDODFLRQHVFRQODVSy
OL]DVHVWDEOHFLGDVHQEDVHD
WDULIDUHGXFLGDDSOLFDEOHDODV
HQWLGDGHVS~EOLFDV
1XHYDVSROL]DVSDUDHPSOHD
GRV GH OD XQLYHUVLGDG TXH
WUDEDMDQFRQVXVWDQFLDVWy[L
FDV
&RQHVWHVHJXURVHEHQHÀFLD
HO SHUVRQDO GRFHQWH \ DGPL
QLVWUDWLYRTXHODERUDFRQVXV
WDQFLDV Wy[LFDV HQ ODERUDWR
ULRVHLQVWLWXWRV
(VWDEOHFHU SyOL]D SDUD SUR
WHJHU D ORV HPSOHDGRV TXH
PDQHMDQYHKtFXORVRÀFLDOHV
/DSyOL]DFXEUHDORVGRFHQ
WHV \ DGPLQLVWUDWLYRV TXH VH
WUDQVSRUWDQ HQ ORV YHKtFXORV
GHOD,QVWLWXFLyQ
,QIRUPDU VREUH OD HMHFXFLyQ
SUHVXSXHVWDULD GH ORV LQJUH
VRV FRPR XQD UHVSRQVDELOL
GDG GHO XVR GH ORV UHFXUVRV
DVLJQDGRVHQHOSUHVXSXHVWR
HVWDWDO SDUD HO ORJUR GH ORV
REMHWLYRVGHODHGXFDFLyQVX
SHULRU
(VWH LQIRUPH VH KD SUHVHQ
WDGR PHQVXDOPHQWH 6H
KD UHFDXGDGR HQ HO SHUtRGR
FRQWHPSODGR HQ HVWH LQIRU
PH UHFXUVRV SURSLRV SRU
% \ DSRU
WH GHO HVWDGR SDUD IXQFLR
QDPLHQWR H LQYHUVLRQHV
%
,QIRUPDU VREUH OD HMHFXFLyQ
SUHVXSXHVWDULD GH ORV JDV
WRV
7DPELpQ VH KD SUHVHQWDGR
PHQVXDOPHQWH
6HKDHMHFXWDGRHOSUHVXSXHV
WR GH JDVWR SDUD IXQFLRQD
PLHQWR % H
LQYHUVLRQHV%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
,QIRUPDUVREUHODVLWXDFLyQÀ
QDQFLHUD%DODQFH*HQHUDO\
HO(VWDGRGHORV5HVXOWDGRV
(O HMHUFLFLR DQXDO KD GDGR
FRPR UHVXOWDGR XQ LQFUH
PHQWRGHORVLQJUHVRVGHYHQ
JDGR VREUH ORV JDVWRV SRU
XQYDORUGH%
6LWXDFLyQ TXH KL]R XQ HIHF
WR GH LQFUHPHQWR GHO HIHF
WLYR HQ EDQFR (O WRWDO GH
DFWLYR XQLYHUVLWDULR VXPD
% FRUUHV
SRQGH D DFWLYR FRUULHQWH
%\DFWLYRQR
FRUULHQWH %
/RV
SDVLYRV
WRWDOL]DQ
%\HOSDWULPR
QLRQHWR%
'LUHFFLyQGH5HFXUVRV+XPDQRV
3UR\HFWR0HWD5HVXOWDGR
5HYLVLyQGHO0DQXDOGH'HV
FULSFLRQHVGH&DUJRV
0DQXDO WRWDOPHQWH UHYLVDGR
FRQGHVFULSFLRQHVGHFDUJRV
SRUFRPSHWHQFLDVODERUDOHV
$ OD IHFKD VH KD DYDQ]DGR
HQ
(ODERUDFLyQGHXQ0DQXDOGH
&RPSHWHQFLDV/DERUDOHV
3UHVHQWDFLyQ GH XQD SUR
SXHVWD GH 0DQXDO GH &RP
SHWHQFLDV/DERUDOHV
(Q VX HODERUDFLyQ VH KD
DYDQ]DGRHQXQ
)RUWDOHFLPLHQWRGHODJHVWLyQ
DGPLQLVWUDWLYD PHGLDQWH OD
HMHFXFLyQGHOVXEVLVWHPDGH
5HFOXWDPLHQWR \ 6HOHFFLyQ
&RQFXUVRV,QWHUQRV
'HVDUUROOR GH ORV FRQFXUVRV
LQWHUQRV GH DFXHUGR FRQ HO
5HJODPHQWR GH &DUUHUD $G
PLQLVWUDWLYD \ GHPiV LQVWUX
PHQWRVOHJDOHVSHUWLQHQWHV
5HYLVLyQGHORVLQVWUXPHQWRV
OHJDOHV JXtD WpFQLFD TXH
QRUPDQHVWRVSURFHVRV
3URSXHVWD GH PRGLÀFDFLyQ
SUHVHQWDGD DQWH OD YLFHUUHF
WRUtDVHHQFXHQWUDSHQGLHQWH
GH GLVFXVLyQ SRU ODV LQVWDQ
FLDVFRUUHVSRQGLHQWHV
'HVDUUROOR GH ODV DSOLFDFLR
QHV LQIRUPiWLFDV D VHU XWLOL
]DGDVDYDQFHGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$SOLFDFLyQ GH SUXHEDV SVL
FRWpFQLFDV D WRGRV ORV DVSL
UDQWHV D RFXSDU SXHVWRV DG
PLQLVWUDWLYRVGHFDUUHUDHQOD
,QVWLWXFLyQ
6HOHFFLyQ GH SHUVRQDO GH
DFXHUGR DO FXPSOLPLHQWR GH
ORV UHTXLVLWRV HVWDEOHFLGRV
HQ HO 0DQXDO GH &DUJRV \ D
ORV UHVXOWDGRV GH ODV 3UXH
EDV3VLFRWpFQLFDV
$SOLFDFLyQ GH 3UXHEDV 3VL
FRWpFQLFDV D ODV SHUVRQDV
TXHKDQLQJUHVDGRDODERUDU
HQ OD LQVWLWXFLyQ HQ FDUJRV
GHFDUUHUDDGPLQLVWUDWLYD
´$FWXDOL]DFLyQ GHO 6LVWHPD
GH ,QIRUPDFLyQ \ &RQWURO GH
$VLVWHQFLDµ
3ULPHUD SDUWH (ODERUDFLyQ
GH XQ UHORM GLJLWDO SDUD OD
8QLYHUVLGDGGH3DQDPiTXH
GLVHxD\HQVDPEODUiXQSUR
WRWLSR GH XQ QXHYR UHORM FRQ
VHQVRUGHKXHOODGDFWLODU
&RQ OD FRODERUDFLyQ GH OD
)DFXOWDG GH ,QIRUPiWLFD
(OHFWUyQLFD\&RPXQLFDFLyQ
(O &URQRJUDPD GH DFWLYLGD
GHV D HMHFXWDU YD GH MXOLR
DGLFLHPEUHGH
3URWRWLSRGHUHORMGLJLWDOFRQ
VHQVRUGHKXHOODGDFWLODUHQ
VDPEODGR \ UHORMHV LJXDO DO
SURWRWLSRLQVWDODGRVHQWRGD
OD8QLYHUVLGDG
(O PDUWHV GH VHSWLHPEUH
GHHOSUR\HFWRIXHSUH
VHQWDGRDQWHODVDXWRULGDGHV
XQLYHUVLWDULDV
6HJXQGD SDUWH 5HSURGXF
FLyQ GH ORV UHORMHV H LQVWDOD
FLyQHQWRGDOD8QLYHUVLGDG
3DUDHMHFXWDUHQHO
7UiPLWH GH ORV GRFXPHQWRV
UHFLELGRV HQ OD 6HFFLyQ GH
$VLVWHQFLD\9DFDFLRQHV
'DUWUiPLWHDWRGRVORVUHJLV
WURVGHDVLVWHQFLDUHFLELGRV
$YDQFH GHO HQ OD LQ
YHVWLJDFLyQ GH WHFQRORJtDV
WHV\XELFDFLyQGHSURYHH
GRUHVGHODVSLH]DVDXWLOL]DU
‡ $YDQFH GHO HQ HO
GLVHxR GHO FLUFXLWR HOHF
WUyQLFR
‡ $YDQFH GHO HQ OD
SURJUDPDFLyQ GHO VRIW
ZDUH
(QWUHDJRVWRGHDMXOLR
GH VH KDQ WUDPLWDGR HO
GHORVUHJLVWURVUHFLELGRV
iXGLWRV GHO UHJLVWUR yUGHQHV
GH GHVFXHQWR GHYROXFLyQ GH
IRUPXODULRV D ODV XQLGDGHV
HQYtRGHLQIRUPHVGHDVLVWHQ
FLD D ORV H[SHGLHQWHV YDFD
FLRQHV JDQDGDV \ VROLFLWXGHV
QHVGHYDFDFLRQHVRWURV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
(YDOXDFLyQ GHO GHVHPSHxR 9DOLGDFLyQ \ HODERUDFLyQ GH
SRUUHVXOWDGR\FRPSHWHQFLD SODQHVHVWUDWpJLFRVSRUSDUWH
GHWRGDVODVXQLGDGHVDGPL
QLVWUDWLYDV
(ODYDQFHGHOSUR\HFWRHVGH
XQ
GH &DUUHUD GHO 3HUVRQDO$G
PLQLVWUDWLYR
'LYXOJDFLyQ H PSOHPHQWD
FLyQ GHO VLVWHPD D QLYHO QD
FLRQDO
(YDOXDFLyQGHOGHVHPSHxRD
WUDYpVGHOD,QWUDQHW
FDFLyQ\SDJRVGHHWDSDVSRU
DQWLJHGDG SDUD HO SHUVRQDO
SHUPDQHQWH
(OJUDGRGHDYDQFHHVGHXQ
7UiPLWH GH VROLFLWXGHV GH OL
FHQFLDV
$FXHUGRVGHO&RQVHMR$GPL
QLVWUDWLYR
5HVROXFLRQHVHPLWLGDVSRUOD
'LUHFFLyQ GH 5HFXUVRV +X
PDQRV
$YDQFHHQXQ
$FWXDOL]DFLyQ GHO 0yGXOR GH
(YDOXDFLyQGHO'HVHPSHxRD
WUDYpVGHOD,QWUDQHW
,QFOXVLyQ GH OD DFWXDOL]DFLyQ
HQ HO 0yGXOR GH (YDOXDFLyQ
GHO 'HVHPSHxR SDUD HO SUR
FHVR GH HYDOXDFLyQ SHULRGR
GHHQHURDMXQLRGH
$YDQFHHQXQ
&iOFXOR FRQIHFFLyQ \ WUiPL
WH GHO DMXVWH VDODULDO ELHQDO
5HFRQRFLPLHQWR GHO GHODMXVWHVDODULDOELHQDORWRU
JDGR DO SHUVRQDO DFDGpPLFR
FDGDGRVDxRV
$ GLFLHPEUH VH FDO
FXODURQ FRQIHFFLRQDURQ \
WUDPLWDURQ XQ WRWDO GH DFFLRQHV FRUUHVSRQGLHQWHV
DODMXVWHVDODULDOELHQDO
GHOSHUVRQDODFDGpPLFRTXH
SUHVWy HQ IRUPD FRQWLQXD
GRVDxRVGHVHUYLFLRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$FFLRQHV GH SHUVRQDO DFDGp
PLFR \ OD DFWXDOL]DFLyQ GHO
VLVWHPD DFDGpPLFR HVWUXF
WXUD GH UHFXUVRV KXPDQRV
SDUDODFRQIHFFLyQGHODV2U
JDQL]DFLRQHV$FDGpPLFDV
$QDOL]DU
RUJDQL]DFLRQHV DFDGpPLFDV
QRWDV\$FXHUGRVGH&RQVH
MRV SDUD JHQHUDU ODV DFFLR
QHV GHO SHUVRQDO DFDGpPLFR
FRUUHVSRQGLHQWHVDOVHJXQGR
VHPHVWUHGHODxRDFDGpPLFR
\ SULPHU VHPHVWUH GHO
DxRDFDGpPLFR
1RPEUDPLHQWRV QXHYDV FD
WHJRUtDV SRU UHJXODUL]DFLR
GHFiWHGUDVDVFHQVRV\DQ
WLJHGDGHVDGTXLULGDVSRUHO
SHUVRQDO DFDGpPLFR IXHURQ
DFWXDOL]DGDV HQ HO VLVWHPD
DFDGpPLFR\HQODHVWUXFWXUD
GHUHFXUVRVKXPDQRVSDUDHO
WLUDMH GH ODV RUJDQL]DFLRQHV
XQLGDGHV FyGLJRV GH SRVL
FLyQ\SDUWLGDVSUHVXSXHVWD
ULDV
$FWDVGHWRPDGHSRVHVLyQ\
FRQVXOWDV
'HVFHQWUDOL]DFLyQ GHO SUR
FHVR GH LPSUHVLyQ GH DFWDV
GH WRPD GH SRVHVLyQ TXH
FDGD XQLGDG DFDGpPLFD VHD
UHVSRQVDEOH GH OD LPSUHVLyQ
GHODVDFWDVGHWRPDGHSR
PLVPDV SRU SDUWH GHO SHUVR
QDODFDGpPLFR
4XHFDGDXQLGDGDFDGpPLFD
WHQJDDFFHVRDFRQVXOWDUODV
DFFLRQHVUHDOL]DGDVDOSHUVR
QDO DFDGpPLFR SRU SDUWH GH
ODVHFFLyQ
&RQIHFFLyQ GH DF
FLRQHV FRUUHVSRQGLHQWHV DO
SHUtRGR DJRVWR D GLFLHPEUH
\ DFFLRQHV FR
UUHVSRQGLHQWHV DO SHUtRGR
HQHURDMXOLR
&REUR GH ORV HPROXPHQWRV
FRUUHVSRQGLHQWHV GH DFXHU
GRDODGHGLFDFLyQGHOSHUVR
QDODFDGpPLFR
$ODIHFKDVHHQFXHQWUDQDF
WXDOL]DGRV HO 6LVWHPD $FD
GpPLFR \ OD (VWUXFWXUD GH
5HFXUVRV+XPDQRVHQFDGD
XQLGDGDFDGpPLFD
(QHOSHUtRGRGHDJRVWRDGL
FLHPEUH VH ORJUy TXH
ODV IDFXOWDGHV H[WHQ
VLRQHV XQLYHUVLWDULDV FHQ
WURVUHJLRQDOHVXQLYHUVLWDULRV
\YLFHUUHFWRUtDFXPSOLHUDQ
FRQODLPSUHVLyQFRQVXOWD\
SRVHVLyQ GHO SHUVRQDO DFD
GpPLFR HQ VXV UHVSHFWLYDV
XQLGDGHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
5HJXODUL]DFLyQ D SURIHVRUHV
DGMXQWRV ,9 SRU FRQFXUVR \
DGMXGLFDFLyQ HQ QXHYDV FD
WHJRUtDV
7DUMHWDULRHOHFWUyQLFR
2WRUJDU OD FDWHJRUtD DVLJQD
GD SRU SDUWH GH 6HFUHWDULD
*HQHUDODORVSURIHVRUHVDG
MXQWR ,9 \ DGMXGLFDUOHV QXH
YDVSRVLFLRQHVGHDFXHUGRD
OR HVWDEOHFLGR HQ HO DUWtFXOR
&DStWXOR 9 GHO (VWDWXWR
8QLYHUVLWDULR D WUDYpV GH DF
FLRQHVGHSHUVRQDO
&DSWXUDGHGDWRVSDUDODDF
WXDOL]DFLyQGHOWDUMHWDULRHOHF
WUyQLFR \ DVt SRGHU HOLPLQDU
HOWDUMHWDULRPDQXDO
&DSWXUD GH UHJLVWURV DFDGp
PLFRVHQHOWDUMHWDULRHOHFWUy
QLFRFRQUHJLVWURVGHD
ODIHFKD
&RQWUDWDFLRQHV D WUDYpV GH
DXWRJHVWLyQ
5HFLHQWHPHQWH SRU DSURED
FLyQGHO&RQVHMR$GPLQLVWUD
WLYRVHDVXPHODFRQWUDWDFLyQ
GHWRGRHOSHUVRQDOTXHEULQ
GH VXV VHUYLFLRV D WUDYpV GH
DXWRJHVWLyQSDUDFXUVRVYH
UDQRVGLSORPDGRV\ORVSUR
JUDPDV D QLYHO GH 'RFWRUD
GRV0DHVWUtDV\3RVWJUDGRV
([RQHUDFLyQGHPDWUtFXOD
&RQIHFFLyQ DFWXDOL]DFLyQ
GHO VLVWHPD DFDGpPLFR \
HVWUXFWXUD GH UHFXUVRV KX
PDQRVDWUDYpVGHDFFLRQHV
GHSHUVRQDO\FREURSRUSDU
W H G H O S H U V R Q D O D F D G p P L F R UHJXODUL]DFLRQHV\DG
MXGLFDFLRQHVSDUDHOSHUtRGR
DJRVWRDGLFLHPEUH\
UHJXODUL]DFLRQHV \ DGMX
GLFDFLRQHV SDUD HO SHUtRGR
HQHURDMXOLR
6H ORJUy HQ XQ OD DF
WXDOL]DFLyQ GHO WDUMHWDULR
HOHFWUyQLFR GHO SHUVRQDO
DFDGpPLFR HQ ORV SHUtRGRV
FRUUHVSRQGLHQWHV GH DJRVWR
D GLFLHPEUH \ HQHUR D
MXOLR
&RQIHFFLRQDU \ GDU WUiPL
WH D WUDYpV GH DFFLRQHV GH
SHUVRQDO D WRGDV ODV FRQWUD
WDFLRQHV FDUJDGDV DO IRQGR
GH $XWRJHVWLyQ \DODIHFKD4XH
VH PDQWHQtDQ SHQGLHQWH HQ
GLIHUHQWHVHVWDPHQWRVGHQWUR
GHOD,QVWLWXFLyQ
(Q HO SHUtRGR GH DJRVWR D
GLFLHPEUH VH FRQIHFFLRQD
URQ \ WUDPLWDURQ XQ WRWDO GH
DFFLRQHV FDUJDGDV DO
IRQGRGHDXWRJHVWLyQ\SDUD
HOSHUtRGRGHHQHURDMXOLRVH
FRQIHFFLRQDURQ \ WUDPLWDURQ
DFFLRQHV FDUJDGDV D
HOIRQGRGHDXWRJHVWLyQ
&XPSOLU FRQ HO $FXHUGR GHO
&RQVHMR $FWLYR 1R
GHOGHQRYLHPEUHGH
GHH[RQHUDFLyQGHPDWUtFXOD
SDUDIXQFLRQDULRV
IXQFLRQDULRVIXHURQEHQH
GHPDWUtFXODSDUDHOGRVH
PHVWUHGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(QWUHJD GH LQFHQWLYRV SRU
DxRVGHVHUYLFLRV
&XPSOLUFRQHO7tWXOR9,,,GHO
5HJODPHQWR GH OD &DUUHUD
GHO 3HUVRQDO $GPLQLVWUDWLYR
RWRUJDQGR LQFHQWLYRV DO SHU
VRQDO DGPLQLVWUDWLYR SRU DQ
WLJHGDG
&RQWDPRV FRQ HO UHSRUWH
SRUXQLGDGGHOSHUVRQDOPH
ULWRULRSRUDxRVGHVHUYLFLRV
'HOUHSRUWHGHOSHUVRQDOPH
ULWRULR GHO DxR FRQWD
PRVFRQXQDFLIUDSUHOLPLQDU
GH SHUVRQDV PHULWRULDV
SRU DxRV GH VHUYLFLRV 6H
FXHQWD FRQ ORV LQFHQWLYRV SRU
DxRVGHVHUYLFLRVSDUDORV
IXQFLRQDULRVPHULWRULRVFRQVLV
SRU DxRV GH VHUYLFLRV ² IXHURQ HQWUHJDGRV
SLQHV
3URJUDPDGHYHUDQR´6HJXULGDGSHUVRQDO\FLXGDGDQtDµ
81,9(56,'$''(3$1$0É
7DOOHU´6HxDOHVGHDEXVR\FRQVXPRGHGURJDVµ
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD HVWLORV GH 9LGD
6DOXGDEOH
6HQVLELOL]DUDOGHODSR
EODFLyQ DGPLQLVWUDWLYD SRU
PHGLRGHORVUHFXUVRVWHFQR
OyJLFRVFRUUHRLQWHUQR
&DPLQDWDGHWHFFLyQWHPSUD
QD GHO FiQFHU GH PDPD \
SUyVWDWD
'HVDUUROODU GRV WDOOHUHV
YLYHQFLDOHVSDUDODSREODFLyQ
DGPLQLVWUDWLYDHQJHQHUDOHQ
WHPDV GH FXOWXUD GH SD] \
PDQHMR GH GXHOR HQ OD IDPL
OLD
3DUWLFLSDPRVGHFDPLQDWDHQ
OD&LQWD&RVWHUDSDUWLFL
SDQWHV \ VH HODERUDURQ YRODQWHVTXHIXHURQUHSDUWL
GDVHQVXWRWDOLGDG
'LIXVLyQGHPDWHULDOHGXFDWL
YRDWHQFLyQGHFDVRVYLVLWDV
GRPLFLOLDULDVLQWHUFDPELRGH
H[SHULHQFLDVHLQIRUPDFLyQ
6H FLUFXOy SRZHU SRLQW \ VH
FLUFXODURQWUHVGLIHUHQWHV
YRODQWHV TXH KDFH XQ WRWDO
GHGLVWULEXLGDVHQWRGDV
ODVXQLGDGHVDGPLQLVWUDWLYDV
\DFDGpPLFDV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
)RPHQWRHGXFDWLYR\ODERUDO
HQODIDPLOLD
'HVDUUROOR GH WDOOHUHV YLYHQ
FLDOHVGDQGRFREHUWXUDDORV
IXQFLRQDULRV DGPLQLVWUDWLYRV
TXH ODERUDQ HQ HO ,QVWLWXWR
(VSHFLDOL]DGRGH$QiOLVLV
0D\R
6H PDQWLHQH FRRUGLQDFLyQ
FRQHO&RPLWpGH6HJXULGDG
0HGLUORVQLYHOHVGHHVWUpV\
GHVDUUROODU DFWLYLGDGHV WHQ
GLHQWHV D VX PLQLPL]DFLyQ
SDUDREWHQHUXQDPELHQWHOD
ERUDOVDOXGDEOH
$WHQFLyQ HGXFDFLyQ \ SUH
YHQFLyQ GH OD YLROHQFLD GR
PpVWLFD\GHJpQHUR
'HVDUUROOR GH WDOOHUHV YLYHQ
FLDOHV SDUD OD SREODFLyQ DG
PLQLVWUDWLYDHQJHQHUDO
6H UHDOL]y XQ FLQH GHEDWH
FRQ OD SDUWLFLSDFLyQ GH SHUVRQDV
6HQVLELOL]DUDOGHODSR
EODFLyQ DGPLQLVWUDWLYD SRU
PHGLRGHORVUHFXUVRVWHFQR
OyJLFRVFRUUHRLQWHUQR
7DPELpQVHUHDOL]yFDPLQDWD
LQWHUQD TXH FXOPLQy FRQ OD
WUDGLFLRQDO VLHPEUD GH EDQ
GHUDVHQOD5HFWRUtD
'LIXVLyQ GH PDWHULDO HGXFD
WLYRWUtSWLFRV\YRODQWHV
$WHQFLyQ GH FDVRV YLVLWDV
GRPLFLOLDULDVVHJ~QGHPDQ
GD LQWHUFDPELR GH H[SH
ULHQFLDVHLQIRUPDFLyQ
6HHODERUDURQWUtSWLFRV
\YRODQWHVSDUDODRFDVLyQ
5HDOL]DUFDPLQDWDLQWHUQD
(Q HO DxR VH DWHQGLy
XQ FDVR QXHYR GH YLROHQFLD
GRPpVWLFD/DYtFWLPDHVXQ
KRPEUH 6H HQWUHYLVWy D OD
IDPLOLD \ VH FRRUGLQy FRQ OD
&DMDGH6HJXUR6RFLDO
6HKL]R\GLIXQGLyYtDFRUUHR
LQWHUQR XQ SRZHU SRLQW UHIH
UHQWHDODVDFWLYLGDGHV
(Q HO DxR VH DWHQGLy
XQ FDVR QXHYR GH YLROHQFLD
GRPpVWLFD/DYtFWLPDHVXQ
KRPEUH9LVLWDGRPLFLOLDULD\
FRRUGLQDFLyQ FRQ DXWRULGD
GHVORFDOHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$WHQFLyQ \ SUHYHQFLyQ GH OD
DGLFFLyQ
)HEUHUR &DPSDxD GH SUH
YHQFLyQ GH FRQVXPR GH
GURJDV HQ IHVWLYLGDGHV GH
FDUQDYDO\SURPRFLyQGHDF
WLYLGDGHVGHUHFUHDFLyQIDPL
OLDUHQHVRVGtDV
6H UHDOL]y XQ YRODQWHR D OR
H[WHUQR GH OD XQLYHUVLGDG \
SHTXHxDV FKDUODV HQ WRGDV
ODVRÀFLQDVGHFROLQD
0D\R -RUQDGD GH VHQVLEL
OL]DFLyQ HQ FRQPHPRUDFLyQ
GHO´'tD0XQGLDOVLQ7DEDFRµ
7HPD ´5HDOLGDG GHO &iQFHU
HQ3DQDPiµ´(O&iQFHU\VX
LQFLGHQFLD HQ ORV DVSHFWRV
SVLFRVRFLDOHV HQ HO iPELWR
ODERUDOµ \ ´(IHFWRV GHO7DED
TXLVPR HQ HO 6HU +XPDQRµ
GLULJLGR DO SHUVRQDO DGPL
QLVWUDWLYR GH GLIHUHQWHV XQL
GDGHV SDUD TXH DGTXLHUDQ
FRQRFLPLHQWR DFHUFD GH ORV
HIHFWRV QRFLYRV TXH WLHQH HO
FXHUSR KXPDQR SRU VHU XQ
IXPDGRU
3RU FRUUHR LQWHUQR VH HQYLy
PHQVDMH FRQPHPRUDWLYR DO
'tD0XQGLDO6LQ7DEDFR\VH
FRORFyXQPXUDOHQHOHGLÀFLR
GHFROLQD
3DUWLFLSDFLyQ GH IXQFLR
QDULRVDVHQWUHORVFXDOHV
0XMHUHV 9DURQHV -XQLR6HQVLELOL]DFLyQGHMHIHV
\ VXSHUYLVRUHV GH XQLGDGHV
DGPLQLVWUDWLYDV \ DFDGpPLFDV
HQ FXDQWR D ODV VHxDOHV GH
FRQVXPRRDEXVRGHGURJDV\
PHWRGRORJtD GH LQWHUYHQFLyQ
HQ OXJDUHV GH WUDEDMR SDUD
TXH WHQJDQ KHUUDPLHQWDV
SDUD LGHQWLÀFDU FRODERUDGR
UHVDVFRQSRVLEOHSUREOHPDV
GHFRQVXPRGHGURJDV
3DUWLFLSDFLyQ GH MHIHV \
VXSHUYLVRUHV GH XQLGDGHV
DGPLQLVWUDWLYDV \ DFDGpPL
FDV\&5832GH&ROyQ
0XMHUHV
+RPEUHV
&RQYHUVDWRULRVREUHSUHYHQ
FLyQGHODDGLFFLyQGLULJLGRD
DGROHVFHQWHVKLMRVDVGHORV
FRODERUDGRUHV DGPLQLVWUDWL
YRVGHODLQVWLWXFLyQ
6H GLVWULEX\HURQ YRODQ
WHV\VHHQYLySRUODSiJLQD
ZHE
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWRIDPLOLDU
-RUQDGDGHVHQVLELOL]DFLyQD
FRODERUDGRUDV GH GLIHUHQWHV
XQLGDGHV DGPLQLVWUDWLYDV \
DFDGpPLFDV HQ UHVLOLHQFLD
SDUD HOHYDU OD HVWLPD SHUVR
QDOHQODPXMHUFRPRSLODUGH
ODIDPLOLD
/D SDUWLFLSDFLyQ GH FR
ODERUDGRUDV GH GLIHUHQWHV
XQLGDGHV DGPLQLVWUDWLYDV \
DFDGpPLFDV
6DWLVIDFFLyQ GH ODV FRODER
UDGRUDV HQ HO GHVDUUROOR GHO
SURJUDPD \ OD PRWLYDFLyQ
SHUVRQDO DO WpUPLQR GHO PLV
PR
(QYLRGHFiSVXODLQIRUPDWLYD
YLDFRUUHRLQWHUQRUHIHUHQWHD
GLDLQWHUQDFLRQDOGHODPXMHU
3URJUDPDGH9HUDQR
´6HJXULGDGSHUVRQDO\FLXGD
GDQDµ
6HQVLELOL]DU D ORV FRODERUD
GRUHV HQ PDWHULD GH VHJX
ULGDG FLYLO \ FLXGDGDQD SRU
PHGLRGHGRVSRQHQFLDV´/D
)DPLOLDFRPRHQWHSUHYHQWLYR
SDUDODFULPLQDOLGDGµ\3URWHF
FLyQ&LXGDGDQD
$VLVWHQFLD GH FRODERUD
GRUHV GH ODV GLIHUHQWHV XQL
GDGHVDGPLQLVWUDWLYDV
$SUHQGL]DMH SUiFWLFR GH ODV
GLIHUHQWHV KHUUDPLHQWDV GH
YLGD HQ VLWXDFLRQHV GH LQVH
JXULGDGGHVDVWUHVRULHVJRV
GLULJLGD D KLMRVDV \ GHSHQ
GLHQWHVGHORVFRODERUDGRUHV
$VLVWHQFLD D ORV WDOOHUHV GH
QLxRVDV \ DGROHVFHQWHV
HQWUH ODV HGDGHV GH VLHQGRGHOJpQHURIHPHQL
QRGHOPDVFXOLQR
6HQVLELOL]DUDOJUXSRGHSUH
DGROHVFHQWHV \ DGROHVFHQ
WHV UHVSHFWR DO ´0DQHMR GH
OD ,UDµ FRPR KHUUDPLHQWD
SDUD SURPRYHU XQD FXOWXUD
GH SD] YLROHQFLD GRPpVWLFD
\VDOXGVH[XDO\UHSURGXFWLYD
LQIHFFLRQHV GH WUDQVPLVLyQ
VH[XDO
3DUWLFLSDFLyQ DFWLYD HQ XQ
GHODVVLPXODFLRQHVGH
ULHVJR HQ LQFHQGLRV HVSD
UHDOL]DGDV FRQ HO SHUVRQDO
GHORV%RPEHURVGH3DQDPi
\6,1$352&
3DUWLFLSDFLyQDFWLYDGHO
GHORVMyYHQHVHQORVGL
YHUVRVWHPDV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)RPHQWRHGXFDWLYR\ODERUDO
HQODIDPLOLD
'HVDUUROOR GH WDOOHUHV YLYHQ
FLDOHV GDQGR FREHUWXUD DO
GH ORV IXQFLRQDULRV DG
PLQLVWUDWLYRV TXH ODERUDQ HQ
HO ,QVWLWXWR (VSHFLDOL]DGR GH
$QiOLVLV
(OGHORVFRODERUDGRUHV
GHO ,($ KDQ VLGR DWHQGLGRV
HQ HO DVSHFWR VRFLDO \ Pp
GLFR (O UHVWR GHO SHUVRQDO
HVWi SURJUDPDGR SDUD ODV
SUy[LPDVIHFKDV
0HGLUORVQLYHOHVGHHVWUpV\
GHVDUUROODU DFWLYLGDGHV WHQ
GLHQWHV D VX PLQLPL]DFLyQ
SDUDREWHQHUXQDPELHQWHOD
ERUDOVDOXGDEOH
3URJUDPDGH,769,+6,'$
3URJUDPD GH VDOXG RFXSD
FLRQDO
3URPRYHUHVWLORVGHYLGDVD
OXGDEOHPHGLDQWHODRULHQWD
FLyQHQVDOXGVH[XDO\UHSUR
GXFWLYD GHUHFKRV KXPDQRV
,769,+6,'$\RWURV
GHSHQGLHQWHV GH IXQFLR
QDULRVDV DGPLQLVWUDWLYRVDV
GHDxRVGHHGDG
&DPSDxDGHSUHYHQFLyQSRU
PRWLYRV GH FDUQDYDO ´8VR
FRUUHFWR \ FRQWLQXR GHO FRQ
GyQµ'LVPLQXLUORVULHVJRV\
YXOQHUDELOLGDGDODVLQIHFFLR
QHV GH WUDQVPLVLyQ VH[XDO
9,+\6LGD
'LVWULEXFLyQ GH FRQGR
QHVHQWUHORVFRODERUDGRUHV
DV HVWXGLDQWHV GRFHQWHV \
DGPLQLVWUDWLYRVDV GHO FDP
SXV XQLYHUVLWDULR VH UHSDU
WLHURQYRODQWHVLQIRUPDWLYDV
$SOLFDFLyQ GH SUXHEDV GH
9,+ YROXQWDULDV 3UH \ 3RVW
RULHQWDFLyQSDUDODSUXHED
SHUVRQDV VH UHDOL]DURQ
ODVSUXHEDVYROXQWDULDV\VH
OHVEULQGRSUH\SRVWRULHQWD
FLyQSDUDODSUXHED
3URPRYHU OD UHJODPHQWDFLyQ
GHOSURJUDPDGHVDOXGRFXSD
FLRQDOFRQPLUDVDHVWDEOHFHU
HODOFDQFHUHVSRQVDELOLGDG\
REOLJDFLRQHVGHOPLVPR
6H UHDOL]y SURPRFLyQ GH
FRQFXUVR GH DÀFKHV FRQ HO
OHPD ´+D]WH OD SUXHEDµ YtD
RXWORRN
'HWHFWDUORVSULQFLSDOHVULHV
JRV H[LVWHQWHV HQ HO PHGLR
ODERUDO GH ORV IXQFLRQDULRV \
HVWDEOHFHU PHGLGDV GH FRQ
WURO\SUHYHQFLyQ
3UR\HFWRGHVDOXGRFXSDFLR
QDO IRUPXODGR HQ 3ODQ (V
WUDWpJLFRGHOD'LUHFFLyQGH
5HFXUVRV+XPDQRV
‡ 3URFHGLPLHQWRVGHDWHQ
FLyQHODERUDGRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$FWXDOL]DU HO VLVWHPD GH UH
FXUVRKXPDQRSDUDRSWLPL]DU
ODV WDUHDV GH OD JHVWLyQ GH
UHFXUVRVKXPDQRV
,QWHJUDFLyQ GH OD HVWUXFWXUD
~QLFDGHUHFXUVRVKXPDQRV
GHLQWHJUDFLyQGHSODQL
ÀFDFLyQ UHFXUVRV KXPDQRV
\SODQLOODV
&RQIHFFLyQ GH DFFLR
QHV GH SHUVRQDO GH
ODVUHVROXFLRQHV
&RQIHFFLyQ GH FDUWDV
GHWUDEDMRGHODVFDU
WDVGHWUDEDMR
&RQIHFFLyQ GH FHUWLÀFD
FLRQHV GH WUDEDMR GH
ODVFHUWLÀFDFLRQHVVROLFLWDGDV
GRFXPHQWRVSDUDWUi
PLWHV DGPLQLVWUDWLYRV GH ORV GRFXPHQWRV WUDPLWD
GRV
$FWXDOL]DFLyQGHOUHJODPHQ
WRGHFDUUHUDSDUDHOSHUVRQDO
DGPLQLVWUDWLYR
$FWXDOL]DUHOGHOUHJOD
PHQWR
DFWXDOL]DGRVRORIDOWDQ
XQ TXH GHSHQGH GH OR
TXH DSRUWH OD$VRFLDFLyQ GH
(PSOHDGRV GH OD 8QLYHUVL
GDGGH3DQDPi$6(83$
$FWXDOL]DFLyQ GH OD HVWUXFWX
UDGHOD'LUHFFLyQGH5HFXU
VRV+XPDQRV
(ODERUDU XQ QXHYR PRGHOR
GHHVWUXFWXUDRUJiQLFD
HODERUDGR (VWi HQ
UHYLVLyQ GH OD 'LUHFFLyQ *H
QHUDOGH3ODQLÀFDFLyQ\(YD
OXDFLyQ8QLYHUVLWDULD
5HRUJDQL]DFLyQGHORVDUFKL
YRVGHOD'LUHFFLyQGH5HFXU
VRV+XPDQRV
&RQVHFXFLyQGHORVLQVXPRV
\UHPRGHODFLyQGHODVHFFLyQ
DUFKLYRV
6HKDORJUDGRXQGHORV
PLVPRV
5HRUJDQL]DFLyQ GH H[SH
GLHQWHVLQDFWLYRV\DFWLYRV
6H KD ORJUDGR XQ SRU
ORVLQVXPRV\DDGTXLULGRV
)ROLDFLyQGHORVH[SHGLHQWH
(VWRVHKDORJUDGRHQXQ
FRQORVH[SHGLHQWHVQXHYRV
6LPSOLÀFDFLyQGHORVSURFHG
LPLHQWRVGHODVHFFLyQ
(OORJURDOFDQ]DGRHVGHXQ
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
7UDVODGRV SHUPDQHQWHV \
HYHQWXDOHV D FRODERUDGRUHV
FRQHVWDWXVSHUPDQHQWH
6DWLVIDFHU ODV QHFHVLGDGHV
GHODVDXWRULGDGHVMHIHVVX
SHUYLVRUHV\FRODERUDGRUHV
$YDQFHGH
$VLJQDFLyQ GH IXQFLRQHV D
FRODERUDGRUHV FRQ HVWDWXV
HYHQWXDO
6DWLVIDFHU ODV QHFHVLGDGHV
GHODVDXWRULGDGHVMHIHVVX
SHUYLVRUHV\FRODERUDGRUHV
$YDQFH
&RQÁLFWRODERUDO
/RJUDUDUPRQtDODERUDO
$YDQFH
&DSDFLWDFLyQ
&DSDFLWDU D ORV FRODERUD
GRUHV
6HPLQDULRVHQHO&DPSXV
3DUWLFLSDQWHV FRQYRFDGR 3DUWLFLSDURQ
(QHURDMXOLRGH
3HUVRQDO&RQYRFDGRV
7RWDOGH3DUWLFLSDQWHV
&RQIHUHQFLDV
&HQWURV5HJLRQDOHV
&DPSXV
6HPLQDULRV
&HQWURV5HJLRQDOHV
&DPSXV
'HWHFFLyQ GH ODV QHFHVLGD
GHV GH FDSDFLWDFLyQ SDUD HO
DxR
'HWHFWDU ORV QXGRV FUtWLFRV
HQODRUJDQL]DFLyQ\HQEDVH
D HVWRV GHWHFWDU QXHVWUDV
QHFHVLGDGHVGHFDSDFLWDFLyQ
FRQHOÀQGHIRUWDOHFHUODFDOL
GDGGHQXHVWURVVHUYLFLRV
(QYLDGRDXQLGDGHV
5HVSRQGLHURQXQLGDGHV
5HFLELU ODV GHWHFFLRQHV GH
XQGHODVXQLGDGHVTXH
FRQIRUPDQQXHVWUDRUJDQL]D
FLyQ
3ODQLÀFDFLyQ \ SURJUDPD
FLyQGHORVHYHQWRVGHFDSD
FLWDFLyQDGHVDUUROODUVHHQHO
DxR
'LVHxDU XQ SODQ RSHUDWLYR
TXH VDWLVIDJD ODV QHFHVL
GDGHVGHWHFWDGDV\GLULJLGRV
HQ IXQFLyQ GH ORV REMHWLYRV
GHODLQVWLWXFLyQ
6HUHDOL]yHOGLVHxRGHOSODQ
RSHUDWLYR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
%ULQGDUDSR\RDRWUDVLQVWLWX
FLRQHVJXEHUQDPHQWDOHV
&RRSHUDU FRQ ODV LQVWLWXFLR
QHV JXEHUQDPHQWDOHV TXH
VROLFLWDQHVWHVHUYLFLRGHXQD
PDQHUDREMHWLYDMXVWDRUJD
QL]DGD\FRQUHVSHWR
6HGLRDSR\RDWRGDVODVLQV
WLWXFLRQHVTXHORVROLFLWDURQ
0HMRUDUHODPELHQWHItVLFRGH
ODRÀFLQDGHFDSDFLWDFLyQ
&RQWDU FRQ XQD RÀFLQD GH
FDSDFLWDFLyQDFRJHGRUDSDUD
EHQHÀFLRGHORVXVXDULRV
(QSURFHVRFDPELRWRWDOGHO
SLVR FDPELR GHO GLVHxR HQ
ODVGLYLVLRQHVGHPRGXODUHV
SLQWXUDGHODRÀFLQDLQVWDOD
FLyQ GH SHUVLDQDV HQ WRGDV
ODVYHQWDQDV
,QFUHPHQWDU ORV HTXLSRV GL
GiFWLFRV SDUD ORV GRV VDOR
QHVGHFDSDFLWDFLyQ
'RWDU D OD VHFFLyQ GH ORV
HTXLSRV UHTXHULGRV SDUD OD
FDSDFLWDFLyQ
6H KD REWHQLGR SDUWH GHO
HTXLSR
'LUHFFLyQGH6HUYLFLRV$GPLQLVWUDWLYRV
(QHVWHLQIRUPHSUHVHQWDPRVHOUHVXPHQGHORVWUiPLWHVPiVUHOHYDQWHVJHVWLRQDGRVSRUHO
'HSDUWDPHQWRGH&RPSUDVGHHVWD'LUHFFLyQGXUDQWHHOSHUtRGRTXHFRPSUHQGHORVPHVHV
GHDJRVWRDGLFLHPEUHGH\GHHQHURDMXOLRGH
$f2
0DWHULDOHVSDUDODUHPRGHODFLyQGHEDxRVGHO&589HUDJXDV
(TXLSRSORWWHUSDUDHOWDOOHUGHODLPSUHQWDXQLYHUVLWDULD
&RQIRUPDFLyQGHODFDOOHGHDFFHVRDODQXHYDFDIHWHUtDHQODVIDFXOWDGHVGH DGPLQLVWUDFLyQS~EOLFD\HGXFDFLyQ
0HMRUDVDOHGLÀFLRGHDXODVGHOD)DFXOWDGGH+XPDQLGDGHVGHO&58GH &ROyQ
3LVFLQDSDUD&58GH9HUDJXDV,,HWDSD
$GLFLyQDOHGLÀFLRGHDXODVGHO&HQWUR5HJLRQDO8QLYHUVLWDULRGH/RV6DQWRV
5HPRGHODFLyQGHOHGLÀFLRGHOD)DFXOWDGGH(QIHUPHUtD
6XPLQLVWURHLQVWDODFLyQGHXQHOHYDGRUSDUDXVRGHSHUVRQDVGLVFDSDFLWDGDV
(VWDFLRQHVGHWUDEDMR)DFXOWDG&RPXQLFDFLyQ6RFLDO
(VWDFLRQHVGHWUDEDMR)DFXOWDG(PSUHVDV\&RQWDELOLGDG
81,9(56,'$''(3$1$0É
$f2
SURFHVDGRUHV,QWHO)DFXOWDGGH+XPDQLGDGHV
9HKtFXOR[7R\RWD)RUWXQHU
)DFXOWDGGH+XPDQLGDGHV
(TXLSRSDUDHOPHMRUDPLHQWRGHODUHGVLVPROyJLFDGHOD83,QVWLWXWRGH
*HRFLHQFLDV
$FHOHUyJUDIRVRIWZDUHFRQHFWRUDQWHQDFDSDFLWDFLyQSDUDHO,QVWLWXWRGH
*HRFLHQFLDV
&URPDWyJUDIRSDUDHO,QVWLWXWR(VSHFLDOL]DGRGH$QiOLVLV
5HIULJHUDGRUDFRQJHODGRUGHODERUDWRULR²GHYHWHULQDULDFRQJHODGRU
YHUWLFDO2ÀGLVPRPLFURVFRSLRWULRFXODUFRQFiPDUDGLJLWDOODERUDWRULRGH
TXtPLFD2ÀFLQD(MHFXWRUDGH3URJUDPD
0LFURVFRSLR\HVWHUHRPLFURVFRSLRSDUDHOSUR\HFWRGHRÀGLVPR
$f2
6XPLQLVWURHLQVWDODFLyQGHVLVWHPDGHDLUHDFRQGLFLRQDGRHQHOVHJXQGR
DOWRGHODQWLJXRHGLÀFLRGHOD873SDUDOD(VFXHODGH,QJOpV)DFXOWDGGH
+XPDQLGDGHV
6XPLQLVWURGHHQIULDGRUGHDJXDGHWRQHODGDVSDUDHO&DPSXV+DUPR
GLR$ULDV0DGULG&XUXQGX
6XPLQLVWURHLQVWDODFLyQGHVLVWHPDGHDLUHDFRQGLFLRQDGRSDUDHOSLVRGH
ORVLQVWLWXWRVGHOD8QLYHUVLGDGGH3DQDPiDQWLJXRHGLÀFLRGHOD873
0HMRUDVDODLUHDFRQGLFLRQDGRGHOGHSDUWDPHQWRGHPLFURELRORJtD,QVWLWXWR
(VSHFLDOL]DGRGH$QiOLVLV
0DQRGHREUD\VXPLQLVWURGHPDWHULDOHVSDUDODUHSDUDFLyQGHOWHFKRGHO
HGLÀFLR)DFXOWDGGH+XPDQLGDGHVRFKRDXODVGHO&58GH&ROyQ
&DOOHGHDFFHVRDOHUR\WLQDTXHUDQXHYDSDUDHOHGLÀFLRGHFDIHWHUtDV\
GHSyVLWRH[LVWHQWH
6XPLQLVWURGHHTXLSRLQIRUPiWLFR836HVWDFLRQHVGHWUDEDMR
5(1',&,Ð1'(&8(17$6
3DUDFXPSOLUFRQODHMHFXFLyQGHOSUHVXSXHVWRDVLJQDGRSDUDHODxRDOD8QLYHUVLGDGGH
3DQDPiOD'LUHFFLyQGH6HUYLFLRV$GPLQLVWUDWLYRVUHDOL]DDÀQGHDxRFRPSUDVGHELHQHV
\PDWHULDOHVSDUDODH[LVWHQFLDORVFXDOHVHVWiQVLHQGRGLVWULEXLGRVDODVGLIHUHQWHVXQLGDGHV
DFDGpPLFRDGPLQLVWUDWLYDVGHODLQVWLWXFLyQ
$LUHDFRQGLFLRQDGRVWLSRYHQWDQDGH\EWX
$LUHDFRQGLFLRQDGRVSLVRWHFKR
$LUHDFRQGLFLRQDGREWXWLSRYHQWDQD
$LUHDFRQGLFLRQDGRSLVRWHFKR\EWXXQLGDGHV
(TXLSRVLQIRUPiWLFRVHVWDFLRQHVGHWUDEDMR836
/DSWRSXQLGDGHV
,PSUHVRUDVXQLGDGHV
&RSLDGRUDXQLGDGHV
3UR\HFWRUXQLGDGHV
$UFKLYDGRUYHUWLFDOGHJDYHWDVXQLGDGHV
(VFULWRULRVGHPHWDOGHJDYHWDVXQLGDGHV
6LOODVHMHFXWLYDVUHVSDOGDUPHGLDQRXQLGDGHV
6LOODVHMHFXWLYDVUHVSDOGDUDOWRXQLGDGHV
6XPLQLVWURGHYHKtFXORVSDUDGLIHUHQWHVXQLGDGHVDFDGpPLFRDGPLQLVWUDWLYDV QLVVDQIURQWLHU[WUDLO
6XPLQLVWURGHGRV7R\RWD&RDVWHU
$ODIHFKDH[LVWHQSUR\HFWRVTXHHVWiQHQWUiPLWHSRUXQPRQWRGH%
$FRQWLQXDFLyQHGHVJORVHGHORVPLVPRV
0HMRUDVDODHVWUXFWXUD\FXELHUWDGHOHGLÀFLRGHODLPSUHQWD\GLUHFFLyQGH VHUYLFLRVDGPLQLVWUDWLYRV
$GHFXDFLyQ\UHPRGHODFLyQGHOVDOyQGHHVWXGLRELEOLRWHFD\XQVDOyQGH
FODVHVGHOD(VFXHODGH)tVLFDGHOD)DFXOWDGGH&LHQFLDV
3UR\HFWR´FDPELRGHFXELHUWDGHWHFKRSDUDHOHGLÀFLRGHDQDWRPtD\
PRUJXHOD)DFXOWDGGH0HGLFLQDµ
1XHYDVRÀFLQDVSDUDOD6HFUHWDULD*HQHUDO\DUFKLYRVJHQHUDOHV
6XPLQLVWURGHHTXLSRLQIRUPiWLFR
$GTXLVLFLyQGHHTXLSRVGHFDSDFLWDFLyQ\HQWUHQDPLHQWR)DFXOWDGGH0HGLFLQD
5HPRGHODFLyQGHOVDOyQGHHVWXGLRELEOLRWHFD\VDOyQGHFODVHVHQOD(V
FXHODGH)tVLFDHQOD)DFXOWDGGH&LHQFLDV
81,9(56,'$''(3$1$0É
'LUHFFLyQGH,QJHQLHUtD\$UTXLWHFWXUD',$
3UR\HFWR0HWD5HVXOWDGR
&RQVWUXFFLyQ GH DXODV \
VDOyQ GH ,QIRUPiWLFD SDUD HO
&HQWUR 5HJLRQDO 8QLYHUVLWD
ULRGH$]XHUR
'RWDU DO &58 GH$]XHUR GH
VDORQHV QHFHVDULRV SDUD HO
DGHFXDGR GHVDUUROOR GH ODV
FODVHV
6HFRQVWUX\yVDORQHVGHFOD
VHV \ VDOyQ GH LQIRUPiWLFD
SDUD OD FRPXQLGDG XQLYHUVL
WDULDGHOD5HJLyQGH$]XHUR
%
&RQVWUXFFLyQ GH RÀFLQDV GH
DGPLQLVWUDFLyQFOtQLFDV\DX
ODV GH OD )DFXOWDG GH 2GRQ
WRORJtD
0HMRUDU OD HVWUXFWXUD GH OD
)DFXOWDGGH2GRQWRORJtD
6H FRQVWUX\H QXHYDV RÀFL
QDV DGPLQLVWUDWLYDV DXODV
\ XQD &OtQLFD 2GRQWROyJLFD
SDUD OD FRPXQLGDG XQLYHU
VLWDULD GHO &DPSXV &HQWUDO
%
5HSDUDFLRQHV YDULDV SDUD OD
)DFXOWDG GH $GPLQLVWUDFLyQ
GH(PSUHVDV\&RQWDELOLGDG
0HMRUDUODVLQVWDODFLRQHVDG
PLQLVWUDWLYDV \ DFDGpPLFDV
SDUDORVHVWXGLDQWHVGHODID
FXOWDG GH $GPLQLVWUDFLyQ GH
(PSUHVDV\&RQWDELOLGDG
,QYHUVLyQ GH %
(GLÀFLR GH DGPLQLVWUDFLyQ \
GHSyVLWRSDUDODV&DIHWHUtDV
8QLYHUVLWDULDV,,(WDSD
&RQVWUXLU XQ QXHYR HGLÀFLR
SDUD HO PHMRUDPLHQWR GH ODV
FRQGLFLRQHV ODERUDOHV GHO
SHUVRQDO DGPLQLVWUDWLYR \
RSHUDWLYRGHODVFDIHWHUtDV
,QYHUVLyQ GH %
5HPRGHODFLyQ DO DQWLJXR
HGLÀFLRGHOD(VFXHODGH(Q
IHUPHUtDSDUDOD)DFXOWDGGH
0HGLFLQD , HWDSD FRQYHQLR
83+67
5HPRGHODU ODV LQVWDODFLRQHV
H[LVWHQWHV GHO DQWLJXR HGLÀ
FLR GH OD (VFXHOD GH (QIHU
PHUtD SDUD DFRQGLFLRQDU OD
ERUDWRULRV GH VLPXODFLyQ HQ
EHQHÀFLR GH ORV HVWXGLDQWHV
\GRFHQWHVGHOD)DFXOWDGGH
0HGLFLQD
5HPRGHODFLRQHV SRU XQ
PRQWRGH%
$GLFLyQ GH DXODV DO HGLÀFLR
GHO &HQWUR 5HJLRQDO 8QLYHU
VLWDULRGH/RV6DQWRV
&RQVWUXLUQXHYRVVDORQHVGH
FODVHV SDUD EHQHÀFLR GH ORV
HVWXGLDQWHVXQLYHUVLWDULRVGH
OD5HJLyQGH$]XHUR
0HMRUHV LQVWDODFLRQHV SDUD
LPSDUWLU FODVHV FRQ XQD LQ
YHUVLyQGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3LVFLQD SDUD HO &HQWUR 5H
JLRQDO8QLYHUVLWDULRGH9HUD
JXDV,,(WDSD
&RQVWUXLU XQD SLVFLQD VHPL
ROtPSLFDSDUDODVDFWLYLGDGHV
UHFUHDWLYDV \ GHSRUWLYDV GH
ORVHVWXGLDQWHVXQLYHUVLWDULRV
GH9HUDJXDV
(Q VHJXQGD HWDSD FRQ XQD
LQYHUVLyQGH%
&RQVWUXFFLyQ GHO *LPQDVLR
$XGLWRULR SDUD HO &HQWUR 5H
JLRQDO8QLYHUVLWDULRGH&RFOp
,,(WDSD
&RQVWUXLUXQDLQVWDODFLyQTXH
FRQWHPSOH HO XVR SDUD DFWL
YLGDGHV UHFUHDWLYDV GHSRUWL
YDVFXOWXUDOHV\DFDGpPLFDV
HQEHQHÀFLRGHORVHVWXGLDQ
WHVXQLYHUVLWDULRVGH&RFOp
*LPQDVLR$XGLWRULR WHUPLQD
GDODVHJXQGDHWDSDFRQXQD
LQYHUVLyQGH%
&RQVWUXFFLyQ GHO *LPQDVLR
$XGLWRULR SDUD HO &HQWUR 5H
JLRQDO8QLYHUVLWDULRGH%RFDV
GHO7RUR,9(WDSD
&RQVWUXLUXQDLQVWDODFLyQTXH
FRQWHPSOH HO XVR SDUD DFWL
YLGDGHV UHFUHDWLYDV GHSRUWL
YDVFXOWXUDOHV\DFDGpPLFDV
HQEHQHÀFLRGHORVHVWXGLDQ
WHV XQLYHUVLWDULRV GH %RFDV
GHO7RUR
,9 HWDSD WHUPLQDGD FRQ XQD
LQYHUVLyQ GH %
0HMRUDV DO (GLÀFLR ' +X
PDQLGDGHV,&$6(
5HPRGHODU HO WHFKR FLHOR
UDVR\HOVLVWHPDHOpFWULFRGHO
HGLÀFLR'GHOD)DFXOWDGGH
+XPDQLGDGHV GRQGH RSHUD
HO,&$6(
&RQFOXLGDV FRQ XQD LQ
YHUVLyQ GH %
$GLFLyQDOHGLÀFLRGHOD9LFH
UUHFWRUtD GH ,QYHVWLJDFLyQ \
3RVWJUDGR
&RQVWUXLU QXHYDV LQVWDODFLR
QHVSDUDHOPHMRUDPLHQWRGH
ODV FRQGLFLRQDOHV ODERUDOHV
GH ORV DGPLQLVWUDWLYRV H LQ
YHVWLJDGRUHV GH OD 9LFHUUHF
WRUtDGH,QYHVWLJDFLyQ\3RVW
JUDGR
$YDQFHGHXQDXQFRV
WRGH%
0HMRUDVDOD'LUHFFLyQGH,Q
IRUPiWLFD
5HPRGHODU HO WHFKR H[LVWHQ
WH SDUD HO PHMRUDPLHQWR GH
ODVFRQGLFLRQHVODERUDOHVGHO
SHUVRQDODGPLQLVWUDWLYRGHOD
'LUHFFLyQGH,QIRUPiWLFD
(Q HWDSD LQLFLDO FRQ XQD LQ
YHUVLyQGH%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&DIHWHUtD SDUD HO &DPSXV
+DUPRGLR$ULDV0DGULG
&RQVWUXLU XQD QXHYD FDIHWH
UtDSDUDEHQHÀFLDUDODFRPX
QLGDG XQLYHUVLWDULD GHO &DP
SXV+DUPRGLR$ULDV0DGULG
&RQFOXLGDFRQXQDLQYHUVLyQ
GH%
5HSDUDFLyQHQOD)DFXOWDGGH
$GPLQLVWUDFLyQ3~EOLFD
5HSDUDU HO iUHD GH HVWDFLR
QDPLHQWRVGHOD)DFXOWDGGH
$GPLQLVWUDFLyQ 3~EOLFD SDUD
EHQHÀFLDU D ORV HVWXGLDQWHV
XQLYHUVLWDULRV SHUVRQDO DG
PLQLVWUDWLYR\GRFHQWH
&RQFOXLGRFRQXQDLQYHUVLyQ
GH%
&DIHWHUtD SDUD OD ([WHQVLyQ
'RFHQWHGH'DULpQ
&RQVWUXLU XQD QXHYD FDIHWH
UtD SDUD EHQHÀFLDU D OD FR
PXQLGDG XQLYHUVLWDULD GH OD
5HJLyQGH'DULpQ
$YDQFHGHGHODREUDD
XQFRVWRGH%
(QIULDGRU SDUD HO &DPSXV
+DUPRGLR $ULDV 0DGULG
&XUXQG~
6XPLQLVWUDU XQ HQIULDGRU GH
WRQ SDUD PDQWHQHU HQ
EXHQ HVWDGR HO VLVWHPD GH
DLUH DFRQGLFLRQDGR GH ODV
LQVWDODFLRQHV XQLYHUVLWDULDV
GH&XUXQG~
3UR\HFWR HQ VXV LQLFLRV
%
6XPLQLVWUR H LQVWDODFLyQ GH
VLVWHPDGHDLUHDFRQGLFLRQD
GR SDUD HO SLVR GH ORV ,QVWL
WXWRV GH OD 8QLYHUVLGDG GH
3DQDPi$QWLJXR(GLÀFLRGH
OD873
6XPLQLVWUDU H LQVWDODU HO VLV
WHPD GH DLUH DFRQGLFLRQDGR
SDUDORV,QVWLWXWRVGHOD8QL
YHUVLGDG GH 3DQDPi HQ EH
QHÀFLRGHOSHUVRQDOGRFHQWH
DGPLQLVWUDWLYR\GHLQYHVWLJD
FLyQGHOD9LFHUUHFWRUtDGH,Q
YHVWLJDFLyQ\3RVWJUDGR
(QHWDSDLQLFLDO%
6LVWHPDGHDLUHDFRQGLFLRQD
GRHQHOVHJXQGRDOWRGHODQ
WLJXRHGLÀFLRGHOD873SDUD
OD (VFXHOD GH ,QJOpV )DFXO
WDGGH+XPDQLGDGHV
6XPLQLVWUDU H LQVWDODU HO VLVWH
PDGHDLUHDFRQGLFLRQDGRSDUD
OD(VFXHODGH,QJOpVHQEHQHÀ
FLRGHORVHVWXGLDQWHV\HOSHU
VRQDOGRFHQWH\DGPLQLVWUDWLYR
,QYHUVLyQGH%
&RQVWUXFFLyQ GH ERKtR SDUD
OD )DFXOWDG GH $GPLQLVWUD
FLyQ GH (PSUHVDV \ &RQWD
ELOLGDG
&RQVWUXLUXQiUHDGHHQWUHWH
QLPLHQWREDMRWHFKRSDUDEH
QHÀFLDUDORVDGPLQLVWUDWLYRV
\ HVWXGLDQWHV GH OD )DFXOWDG
GH$GPLQLVWUDFLyQGH(PSUH
VDV\&RQWDELOLGDG
7HUPLQDGR D XQ FRVWR GH
%
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
5HSDUDFLyQGHFROXPQDVGHO
'HUHFKR\&LHQFLDV3ROtWLFDV
0DQR GH REUD \ VXPLQLVWUR
GHPDWHULDOHVSDUDODUHSDUD
FLyQODVFROXPQDVH[LVWHQWHV
GHOD)DFXOWDGGH'HUHFKR\
5HSDUDFLRQHVFRQFOXLGDVSRU
XQPRQWRGH%
PDQWHQHUVXGLVHxRDUTXLWHF
WyQLFR
&HQWURGH2ULHQWDFLyQ,QIDQWLO&2,)
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDU DO SHUVRQDO GRFHQ
WH HQ FRUHRJUDItDV LQIDQWLOHV
DGDSWDGDVDOQLYHO3UHHVFRODU
&RPSUDGHFRPSXWDGRUDV\
6X REMHWLYR FRQWULEXLU DO
GHVDUUROOR GH GHVWUH]DV \
KDELOLGDGHV UtWPLFDV HQ HO
SHUVRQDOGRFHQWHSDUDODHQ
VHxDQ]DDQXHVWURVQLxRV
6HORJUyHOPRQWDMHGHGLIH
UHQWHV REUDV LQIDQWLOHV DSOL
FDQGRODVGLIHUHQWHVWpFQLFDV
(TXLSDUDOFHQWURFRQWHFQR
ORJtDGHSXQWD
6H ORJUy XQD LQYHUVLyQ GH
HQ HTXLSRV SDUD
PDHVWUDV \ OD SREODFLyQ
LQIDQWLOGHOFHQWUR
\PLFUyIRQRV
GHVDUUROORGHODVWDUHDV
3DUWLFLSDU HQ OD HODERUDFLyQ
GHXQDJXtDGHGHVDUUROORLQ
IDQWLO GH D DxRV HQWUH
8'(/$6<81,&()
2IUHFHU XQD KHUUDPLHQWD HGX
FDWLYD TXH FRQWULEX\D D OD
RULHQWDFLyQGHSDGUHV\GRFHQ
WHV HQ OD HVWLPXODFLyQ \ DWHQ
FLyQGHODQLxH]SDQDPHxD
,PSDFWR HQ OD FRPXQLGDG
HGXFDWLYDDQLYHOQDFLRQDO
%ULQGDU DSR\R D HVWXGLDQWHV
SDUDODLQYHVWLJDFLyQ\SUiF
WLFDSURIHVLRQDOGHGLIHUHQWHV
IDFXOWDGHV
)DYRUHFHU OD DSOLFDFLyQ GH
FRQRFLPLHQWRV H LQYHVWLJD
FLRQHVDHVWXGLDQWHVGHGLIH
UHQWHVFDUUHUDV
0HGLDQWH OD UHWURDOLPHQWD
WXGLDQWHV\GRFHQWHV
&RPSUDV GH LQVXPRV HQ ODV
FLQDVVDORQHV
6XSOLU ODV QHFHVLGDGHV TXH
VH SUHVHQWDQ HQ ODV GLIH
UHQWHViUHDVTXHFRQIRUPDQ
HO FHQWUR SDUD VX PDQWHQL
PLHQWR
6H KL]R XQD LQYHUVLyQ GH
SDUD DWHQGHU QH
FHVLGDGHVGHOFHQWUR&RPSUD
GH ~WLOHV GH DVHR PHGLFD
PHQWRV DOLPHQWRV PDWHULDO
GLGiFWLFR\RWURV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
5HXELFDFLyQ GH OD SXHU
WD SRVWHULRU GHO &HQWUR GH
2ULHQWDFLyQ,QIDQWLO
&RQWDU FRQ PD\RU HVSDFLR
SDUD QXHVWURV DFWRV FXOWXUD
OHV \ DFWLYLGDGHV UHFUHDWLYDV
GHORVQLxRV
/LVWR SDUD GDU LQLFLR D OD
FRQVWUXFFLyQGHODREUDFRQ
XQDLQYHUVLyQGH
5HYHVWLPLHQWR GH EDOGRVDV
HQSDUHGHVLQWHUQDVGHOFHQ
WUR
5HGXFLUJDVWRVHQSLQWXUDV\
EULQGDUXQDLPDJHQGHPD\RU
QLWLGH]GHODVLQVWDODFLRQHV
,QLFLR D SDUWLU GH OD SULPHUD
VHPDQDGHDJRVWR&RQXQD
LQYHUVLyQGH
*LUDV VRFLDOHV +RJDU %ROt
YDU\&RPXQLGDGGH)DUDOOyQ
HQ3URYLQFLDGH&RFOp
6HQVLELOL]DU D QLxRV SDGUHV
GH IDPLOLD \ DO SHUVRQDO VR
EUHODVQHFHVLGDGHVGHRWUDV
SHUVRQDV
(Q OD FRPXQLGDG GH )DUD
OOyQ VH EHQHÀFLDURQ DSUR[L
PDGDPHQWHIDPLOLDVFRQ
DOLPHQWRV VHFRV ~WLOHV HV
FRODUHV URSD \ RWURV (Q HO
KRJDU%ROtYDUVHDSR\yFRQ
DOLPHQWRV
3URJUDPDGHYHUDQR´6HJXULGDGSHUVRQDO\FLXGDGDQtDµ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3UHVHQWDFLyQGHQXHVWURVQL
xRV \ QLxDV HQ GLYHUVDV DF
WLYLGDGHV IRONOyULFDV D QLYHO
LQVWLWXFLRQDO FRPR IXHUD GH
HOOD
,QFXOFDU HQ QXHVWURV QLxRV
HODPRUSRUQXHVWUDVWUDGLFLR
QHV
6H UHDOL]DURQ SUHVHQWD
FLRQHV HOHYiQGRVH DVt HO
QLYHOFXOWXUDOGHQXHVWURVQL
xRV
)RPHQWDUHODPRUDODFXOWX
UDOQXHVWUD\ODFRPSHWHQFLD
VDQDHQWUHRWURV
6HUHDOL]yXQHQFXHQWURIRONOy
ULFRFRQSDUWLFLSDFLyQGHGLIH
UHQWHV&2,)
'LUHFFLyQGH&DIHWHUtDV
3UR\HFWR0HWD5HVXOWDGR
)XQFLRQDPLHQWRDGPLQLVWUDWL
YRGHODVFDIHWHUtDVXQLYHUVL
WDULDV
$GTXLULUWRGRVORVPDWHULDOHV
\SURGXFWRVQHFHVDULRVSDUD
HO GHVDUUROOR GH ODV IXQFLR
QHVDGPLQLVWUDWLYDVHQODV
VHFFLRQHV \ OD GLUHFFLyQ JH
QHUDO \ WRGRV ORV LQVXPRV
QHFHVDULRVSDUDDEDVWHFHUD
ODVFDIHWHUtDV\DOFHQWURGH
SURGXFFLyQ
6H ORJUy DGTXLULU WRGR OR
QHFHVDULR SDUD HO IXQFLRQD
PLHQWR DGPLQLVWUDWLYR GH ODV
FDIHWHUtDV
'XUDQWH HO SHULRGR ÀVFDO GH
VH FRQIHFFLRQDURQ
FKHTXHV SRU XQ PRQWR GH
%SDUDKRQUDU
HOSDJRDSURYHHGRUHV
'HO PHV GH DJRVWR D GLFLHP
EUHGHVHFRPSURPHWLyOD
VXPDGH%GHOSUH
VXSXHVWRGHIXQFLRQDPLHQWR
(Q OR UHIHUHQWH DO )RQGR GH
6HUYLFLRV (VSHFLDOHV $X
WRJHVWLyQ D GLFLHPEUH VH
FRPSURPHWLy OD VXPD GH
% TXH HTXLYDOH
DODHMHFXFLyQGH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6DQHDPLHQWRGHODVFDIHWHUtDV
*DUDQWL]DU OD OLPSLH]D \ HO
HVWULFWR FXPSOLPLHQWR GH ORV
FULWHULRVGHVDOXEULGDGHQODV
FDIHWHUtDVXQLYHUVLWDULDV
6H FRQWLQ~R FRQ ODV OLPSLH
]DV \ ODV IXPLJDFLRQHV HQ
ORVRFKRUHVWDXUDQWHV\HQHO
FHQWURGHSURGXFFLyQ
3DJRGHFXHQWDVSHQGLHQWHV
6DOGDU ODV GHXGDV SHQGLHQ
WHVGHDxRVDQWHULRUHV
8Q DVSHFWR UHOHYDQWH TXH
GHEHPRV GHVWDFDU HQ HVWH
SHULRGRÀVFDOIXHHOVDQHD
PLHQWR GH ODV GHXGDV SHQ
GLHQWHV GHO DxR TXH
DVFHQGtDQ D OD VXPD GH
% \ GHO SRU
%
$XWRJHVWLyQ
6HU DXWRVRVWHQLEOHV \ JHQH
UDULQJUHVRVDOD8QLYHUVLGDG
GH3DQDPi
,QJUHVRV GH FDIHWHUtDV \
HO FHQWUR GH SURGXFFLyQ GH
DJRVWRDGLFLHPEUHGH
%
,QWURGXFFLyQ GH FDMDV UHJLV
WUDGRUDVWiFWLOHV\PRGHUQDV
$GTXLULU FDMDV UHJLVWUDGRUDV
WiFWLOHVFRQWDUMHWDVPDJQpWL
FDV SDUD ODV GRV FDIHWHUtDV
PiV JUDQGHV \ UHJLVWUDGR
UDV FRQYHQFLRQDOHV SDUD ODV
RWUDV
6H ORJUy LQWURGXFLU FDMDV
UHJLVWUDGRUDV QXHYDV HQ ODV
FDIHWHUtDV
3DUD HO VHJXQGR VHPHVWUH
VHFXHQWDLQWURGXFLUXQDFDMD
UHJLVWUDGRUDGLJLWDOHQODFD
IHWHUtDGHFLHQFLDV
%
&OtQLFD8QLYHUVLWDULD
3UR\HFWR0HWD5HVXOWDGR
$WHQFLyQPpGLFDLQWHJUDODOD
SREODFLyQXQLYHUVLWDULD
*DUDQWL]DU ySWLPRV QLYHOHV
GHVDOXGHQODSREODFLyQ
6H DWHQGLHURQ D WRWDO GH
SDFLHQWHVHQWUHHVWX
GLDQWHVGRFHQWHVDGPLQLVWUD
WLYRV\SDUWLFXODUHVDODIHFKD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
'HVJORVDGRDVt
0HGLFLQD*HQHUDO
2GRQWRORJtD
(QIHUPHUtD
/DERUDWRULR
/R TXH UHSUHVHQWD XQD
(MHFXFLyQ
3UHVXSXHVWDULD
%
5HFDXGDFLyQ GH LQJUHVRV
SRUORVVHUYLFLRVGHDWHQFLyQ
SUHVWDGRVDODSREODFLyQXQL
YHUVLWDULD\DOS~EOLFRHQJH
QHUDO
1XHVWUD PHWD HV UHFDXGDU
HQ $XWRJHVWLyQ OD VXPD GH
%
6H UHFDXGy XQ WRWDO GH
% D OD IHFKD
0HG*HQ
2GRQWRORJtD
(QIHUPHUtD
/DERUDWRULR
'LUHFFLyQGH6DOXG\*HVWLyQ$PELHQWDO
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD FRQWLQXR GH VD
QHDPLHQWR \ FRQWURO GH YHF
WRUHV
*DUDQWL]DU XQ DPELHQWH VD
OXGDEOH OLEUH GH SODJDV \
PDQWHQHUODYLJLODQFLDDFWLYD
SDUD HOLPLQDU FULDGHURV GH
PRVTXLWR$HGHVDHJ\SWL
6H UHDOL]DURQ ORV FRQWUROHV
ItVLFRVTXtPLFRV\VDQLWDULRV
HQFRRUGLQDFLyQFRQHO6LVWH
PD 1DFLRQDO 3DUD OD (UUDGL
FDFLyQGHOD0DODULD
6H DSOLFDURQ SODJXLFLGDV yUGHQHV GH VHUYLFLR GH ODV
FXDOHVVHDWHQGLHURQ
GH HMHFXFLyQ GH yU
GHQHVGHVHUYLFLR
7UDVODGRGHPRELOLDULRPDWH
ULDOHV\RWURV
$GHFXDU ODV LQVWDODFLRQHV
SDUD EULQGDU XQ EXHQ VHUYL
FLR
ÐUGHQHV GH VHUYLFLR GH
ODVFXDOHVVHDWHQGLHURQ
GHHMHFXFLyQGHyUGH
QHVGHVHUYLFLR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWR GH UHFROHFFLyQ GH
GHVHFKRVVyOLGRV
3URPRYHUXQDPELHQWHVDQR
\DJUDGDEOHDWUDYpVGHODUH
FROHFFLyQGLDULDGHODEDVXUD
WRQHODGDV GH EDVXUD
WUDVODGDGD DO YHUWHGHUR GH
&HUUR3DWDFyQHQXQSHULRGR
GH VHLV PHVHV HQ QXHVWUR
YHKtFXORFRPSDFWDGRU
3RGD GH iUEROHV FRUWH GH
JUDPDOLPSLH]DGHMDUGLQHV\
SUpVWDPRGHSODQWDV
0DQWHQLPLHQWRGHORUQDWRGH
iUHDVYHUGHV\MDUGLQHV
yUGHQHV GH VHUYLFLR GH
ODVFXDOHVVHDWHQGLHURQ
GH HMHFXFLyQ GH yUGH
QHVGHVHUYLFLR
$GTXLVLFLyQGHHTXLSRVPR
ELOLDULRVHLQVXPRV
&RQWDU FRQ HO HTXLSDPLHQWR
QHFHVDULR SDUD GDU XQ EXHQ
VHUYLFLR
%GHSUHVXSXHV
WRGHIXQFLRQDPLHQWRTXHHV
HO GH HMHFXFLyQ SUHVX
SXHVWDULD HQ XQ SHULRGR GH
VHLVPHVHV
$SR\RDRWUDVXQLGDGHV
%ULQGDUDSR\RDODVXQLGDGHV
TXHDVtORVROLFLWHQHQDFWLYL
GDGHVHVSHFtÀFDV
(O 'HSDUWDPHQWR GH 7UDED
MRV *HQHUDOHV SDUWLFLSy HQ
MRUQDGDV GH OLPSLH]D GHV
FDUWHGHHTXLSRHQGHVXVR\
HODSR\RDRWUDVXQLGDGHVHQ
DFWLYLGDGHVFXOWXUDOHVHLQDX
JXUDFLyQGHSUR\HFWRV
6H UHDOL]DURQ PDQWHQLPLHQ
WRV JHQHUDOHV HQ MDUGLQHV
DGHPiV VH FRQIHFFLRQDURQ
GLYHUVDVHVFHQRJUDItDVSDUD
HYHQWRVUHDOL]DGRVHQOD8QL
YHUVLGDGGH3DQDPi
$SR\RDSUR\HFWRGHELEOLRWH
FDGHOD)DFXOWDGGH0HGLFL
QD
+DELOLWDUHOiUHDSDUDODLQDX
JXUDFLyQGHOD%LEOLRWHFD1D
FLRQDOGH0HGLFLQD
6H SDUWLFLSy HQ FRRUGLQDFLyQ
FRQ ODV %LEOLRWHFDV 1DFLRQDO
GH0HGLFLQDGHO+RVSLWDO6DQ
WR7RPDV\6LPyQ%ROtYDU83
HQ OD OLPSLH]D JHQHUDO GH ODV
LQVWDODFLRQHVWUDVODGRGHPR
ELOLDULR\PDWHULDOELEOLRJUiÀFR
LQVWDODFLyQGHDQDTXHOHVSDUD
OD LQDXJXUDFLyQ \ IXQFLRQD
PLHQWRGHHVDHQWLGDG
5(1',&,Ð1'(&8(17$6
9LFHUUHFWRUtDGH$VXQWRV(VWXGLDQWLOHV
'HVSDFKR6XSHULRU
3UR\HFWR0HWD5HVXOWDGR
3ULPHU (QFXHQWUR GH 9LFH
UUHFWRUHV GH $VXQWRV (VWX
GLDQWLOHV GH ODV 8QLYHUVLGD
GHV3~EOLFDVGH3DQDPi
,QWHUDFWXDU FRQ ODV RWUDV
8QLYHUVLGDGHV 3~EOLFDV GHO
3DtV
$YDQFHGHOSUR\HFWR
9,, )HVWLYDO ,QWHU 8QLYHUVL
WDULR &HQWURDPHULFDQR GH OD
&XOWXUD \ HO $UWH ),&&8$
,QWHUFDPELR FXOWXUDO \ SUR
PRFLyQGHQXHVWURSDtVFRQ
QXHVWURV KHUPDQRV FHQWUR
DPHULFDQRV
$YDQFHGHOSUR\HFWR
&RQFXUVR GH (QVD\R 0RQR
(VWLPXODUODSURGXFFLyQ/LWH
UDULDHQOD8QLYHUVLGDG
$YDQFHGHOSUR\HFWR
&LQH&OXE
5HDOL]DU SURGXFFLRQHV FLQH
$YDQFHGHOSUR\HFWR
(O5HFWRU'U*XVWDYR*DUFtDGH3DUHGHV\HO9LFHUUHFWRUGH$VXQWRV(VWXGLDQWLOHV(OGLV%DUQHVFRQYHUVDQFRQ
ORVSUHVHQWDGRUHVGHOGRFXPHQWDOHQWUHHOORVHOSHULRGLVWD9tFWRU0DUWtQH]%ODQFR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6LPSRVLR ´¢(VWi XVWHG TXH
PiQGRVH" (O HVWUpV HQ HO
GRFHQWHGHOVLJOR;;,µ
4XH ORV GRFHQWHV DQDOLFHQ
ORV IDFWRUHV GH HVWUpV TXH
HQIUHQWDQ GLDULDPHQWH HQ HO
GHVHPSHxRGHVXODERU
$VLVWLHURQ D HVWH HYHQWR SHUVRQDV
)RUR ´(GXFDFLyQ ,QWHJUDO HQ
6H[XDOLGDG 0L 'HUHFKR 0L
5HVSRQVDELOLGDGµ
3UHSDUDU D QXHVWURV HVWX
GLDQWHV SDUD DVXPLU HVWLORV
GHYLGDUHVSRQVDEOHV
6H DWHQGLHURQ D FDWRUFH PLO
TXLQLHQWRVHVWXGLDQWHV
&RQIHFFLyQ GH *XtDV 3VLFR
OyJLFDV SDUD OD GLYXOJDFLyQ
GHODRIHUWDDFDGpPLFDGHOD
8QLYHUVLGDGGH3DQDPi
'LYXOJDUODRIHUWDDFDGpPLFD
\D\XGDUDORVHVWXGLDQWHVD
GHÀQLUVXVDSWLWXGHV
+DVWDODIHFKDVHKDQYHQGL
GRJXtDV$FWXDOPHQWHVH
HQFXHQWUDHQFRQIHFFLyQXQD
JXtDSVLFROyJLFDDFWXDOL]DGD
,PSUHVLyQGHORVIROOHWRV,\,,
GHO *$7% SDUD OD DSOLFDFLyQ
GHSUXHEDVSVLFROyJLFDV
&XPSOLUFRQORVUHTXHULPLHQ
WRV HVWDEOHFLGRV SDUD HO LQ
JUHVRGHORVHVWXGLDQWHV
6HFRQIHFFLRQDURQFXDWURPLO
TXLQLHQWRV IROOHWRV
*$7% , \ OD PLVPD FDQWLGDG
GHIROOHWRV*$7%,,
0DQWHQLPLHQWR GH ORV OHFWR
UHVySWLFRV
&RQWDUFRQOHFWRUHVySWLFRV
$FWXDOPHQWH VH FXHQWD FRQ
GRV OHFWRUHV ySWLFRV HQ
EXHQHVWDGR
&RQYHQLRVSDUDODDSOLFDFLyQ
GH SUXHEDV SVLFROyJLFDV D
ORVFROHJLRVSDUWLFXODUHV
$JLOL]DUHOSUHLQJUHVRGHHV
WXGLDQWHVDOD8QLYHUVLGDGGH
3DQDPi \ PHUFDGHDU QXHV
WUDRIHUWDDFDGpPLFD
$SOLFDFLyQ GH SUXHEDV SVLFR
OyJLFDV HQ ORV VLJXLHQWHV FR
OHJLRV &ROHJLR 6DLQW 0DU\
&HQWUR (GXFDWLYR 6DQWR 'R
PLQJR\&ROHJLR/D6DOOHKD
FLHQGR XQ WRWDO GH SUXH
EDVSVLFROyJLFDVDSOLFDGDV
&DSDFLWDFLyQ DO SHUVRQDO GH
OD 'LUHFFLyQ GH 2ULHQWDFLyQ
3VLFROyJLFD',23
&RQWDUFRQSHUVRQDODOWDPHQ
WHFDOLÀFDGR\DFWXDOL]DGR
+DVWDODIHFKDORVIXQFLRQDULRV
GHOD',23KDQSDUWLFLSDGRHQ
YHLQWLFLQFRVHPLQDULRV
3URJUDPD GH 3RWHQFLDFLyQ
,QWHJUDOSDUDHO/RJUR$FDGp
PLFR
%ULQGDU D ORV HVWXGLDQWHV
KHUUDPLHQWDV WDQWR VRFLDOHV
FRPR DFDGpPLFDV TXH OH
SHUPLWDQDGDSWDUVHDODYLGD
XQLYHUVLWDULD
$WHQFLyQDWUHVFLHQWRVWUHLQWD
\ WUHV HVWXGLDQWHV GH
SULPHUDxRGHOD)DFXOWDGGH
$GPLQLVWUDFLyQ GH (PSUHVDV
\&RQWDELOLGDGLJXDOPHQWHVH
DWLHQGHQ HVWXGLDQWHV GH
SULPHUDxRGHOD)DFXOWDGGH
&LHQFLDVGHOD(GXFDFLyQ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD GH 6HJXLPLHQWR
$FDGpPLFR
'LVPLQXLU HO SRUFHQWDMH GH
ORV HVWXGLDQWHV FRQ EDMR
UHQGLPLHQWR DFDGpPLFR DVt
FRPRVXGHVHUFLyQ
$FWXDOPHQWH VH EULQGD RULHQ
WDFLyQ SVLFROyJLFD GLVWULEXL
GDVHQWRGDVODVIDFXOWDGHV
$VHVRUtD$FDGpPLFD
/RJUDU TXH ORV HVWXGLDQWHV
DSUHQGDQ VREUH KiELWRV \
WpFQLFDVGHHVWXGLRSUR\HF
WRVGHYLGDVDOXGDEOHDQVLH
GDG\HVWUpV
6H EHQHÀFLDQ FLHQ HV
WXGLDQWHVGHSULPHUDxRGHOD
)DFXOWDGGH(FRQRPtD
6HPLQDULR GH ,QWURGXFFLyQ D
OD9LGD8QLYHUVLWDULD
,QIRUPDU D ORV HVWXGLDQWHV
GH SULPHU LQJUHVR HQ WHPDV
FRPRWpFQLFDV\PpWRGRVGH
HVWXGLR SODQ GH YLGD \ ORV
VHUYLFLRV TXH RIUHFH OD 8QL
YHUVLGDGDORVHVWXGLDQWHV
(VWH SURJUDPD VH UHDOL]y
HQ ODV VLJXLHQWHV )DFXOWD
GHV0HGLFLQD&LHQFLDVGH
OD (GXFDFLyQ 2GRQWRORJtD
$GPLQLVWUDFLyQ GH (PSUHVDV
\ &RQWDELOLGDG $GPLQLVWUD
FLyQ 3~EOLFD &LHQFLDV 1DWX
UDOHV ([DFWDV \ 7HFQRORJtD
'HUHFKR\&LHQFLDV3ROtWLFDV
,QIRUPiWLFD(OHFWUyQLFD\&R
PXQLFDFLyQ (QIHUPHUtD \
)DUPDFLD
&DPSDxD GH 6HQVLELOL]DFLyQ
´9LYH6DOXGDEOHVLQ'URJDVµ
2IUHFHU ,QIRUPDFLyQ SUHYHQ
WLYDDORVHVWXGLDQWHVXQLYHU
VLWDULRVTXHOHSHUPLWDWRPDU
GHFLVLRQHV DGHFXDGDV SDUD
SURPRYHUHVWLORVGHYLGDVD
OXGDEOHV
6H EHQHÀFLDQ FLHQ HV
WXGLDQWHVGHSULPHUDxRGHOD
)DFXOWDGGH(FRQRPtD
$SOLFDFLyQGH3UXHEDV3VLFR
OyJLFDV D ORV (VWXGLDQWHV GH
SULPHUDxR
5HDOL]DUODHYDOXDFLyQGHDS
WLWXGHV H LQWHUHVHV SURIHVLR
QDOHVGHORVHVWXGLDQWHVTXH
LQJUHVDURQ D OD 8QLYHUVLGDG
GH3DQDPi
6H UHDOL]DURQ ODV SUXHEDV D
WUHV PLO FXDWURFLHQWRV FLQ
FXHQWD\FXDWURHVWX
GLDQWHV
3URJUDPD GH 7UDEDMR SRU
0DWUtFXOD
%HQHÀFLDU D QXHVWURV HVWX
GLDQWHVGHHVFDVRVUHFXUVRV
HVWXGLDQWHVEHQHÀFLDGRV
FRQHOSURJUDPD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD GH H[RQHUDFLyQ
WRWDOSRUVLWXDFLyQHFRQyPLFD
SUHFDULD
3HUPLWLU D HVWXGLDQWHV GH
HVFDVRV UHFXUVRV HO DFFHVR
D OD HGXFDFLyQ GiQGROH KH
UUDPLHQWDV SDUD PHMRUDU VX
FDOLGDGGHYLGDIXWXUD
(VWXGLDQWHVFRQQHFHVLGDGHV
TXH VROLFLWDURQ H[RQHUDFLyQ
WRWDO
3URJUDPD GH DUUHJOR GH
SDJR
%ULQGDU IDFLOLGDGHV GH SDJR
DHVWXGLDQWHVGHHVFDVRVUH
FXUVRV
$UUHJORV GH SDJR VROLFLWDGRV
3URJUDPDGH/HQWHV
&RODERUDU FRQ HO GHVHPSH
xR DFDGpPLFR GH QXHVWURV
HVWXGLDQWHV FRQ SUREOHPDV
YLVXDOHV
/HQWHVVROLFLWDGRV
3URJUDPDGH$SR\RV(FRQy
PLFRV
'DUQXHYDVRSRUWXQLGDGHVD
HVWXGLDQWHVVLQUHFXUVRVHFR
QyPLFRV
$SR\RV HFRQyPLFRV VROLFLWD
GRV
3URJUDPDGH6DOXG,QWHJUDO
'RQDFLyQGHVDQJUH
(VWLPXODU OD ODERU VRFLDO GH
QXHVWURVHVWXGLDQWHV
&DQWLGDG GH SLQWDV GRQDGDV
/LEUHWDVGH$OLPHQWDFLyQ
$\XGDU D QXHVWURV HVWXGLDQ
WHVDPDQWHQHUVHVDQRV
(VWXGLDQWHV DWHQGLGRV HQ HO
VHPHVWUH
3URJUDPD GH EHFDV \ VXEVL
GLRV
)DYRUHFHU D QXHVWURV HVWX
GLDQWHV HQ VLWXDFLyQ GH ULHV
JRVRFLDO
%HFDV \R VXEVLGLRV WUDPLWD
GRVXRWRUJDGRV
3URJUDPDGH,QVHUFLyQ/DERUDO
$\XGDUDQXHVWURVHVWXGLDQWHV
DLQJUHVDUDOPHUFDGRODERUDO
HVWXGLDQWHV DWHQGLGRV R
XELFDGRVODERUDOPHQWH
3URJUDPD GHO 6HJXUR (VWX
GLDQWLO8QLYHUVLWDULR
6DOYDJXDUGDUDQXHVWURVHV
WXGLDQWHVDQWHSRVLEOHVDFFL
GHQWHV
HVWXGLDQWHV LQVFULWRV
HQ HO VHJXUR HVWXGLDQWLO XQL
YHUVLWDULR
3URJUDPDGH6HUYLFLR6RFLDO
\9ROXQWDULDGR
5HDOL]DU ORV GLYHUVRV VHPL
QDULRVGHLQGXFFLyQGHOVHUYL
FLRVRFLDO\YROXQWDULDGR
6HORJUyUHDOL]DUVRORHO
3URJUDPDGH3DVDQWtDV,QWH
JUDOHVHQHOÐUJDQR-XGLFLDO
%ULQGDU D ORV HVWXGLDQWHV OD
SRVLELOLGDG GH UHODFLRQDUVH
\ DGTXLULU H[SHULHQFLD HQ HO
ÐUJDQR-XGLFLDO
3DUWLFLSDFLyQGHHVWXGLDQ
WHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQYLYHQFLD3DFtÀFD
&RQWULEXLU D SURPRYHU XQD
FXOWXUD GH SD] \ VDOXG LQ
WHJUDO HQ FRRUGLQDFLyQ FRQ
RWUDVLQVWLWXFLRQHV
‡
‡
‡
‡
‡
‡
3REODFLyQ TXH UHFLEH
DWHQFLyQ GHO SURJUDPD
KDELWDQWHV
)DPLOLDV
1LxRVLQVFULWRVHQWD
OOHUHVDUWtVWLFRV\GHSRUWL
YRV
$WHQFLyQ SVLFROyJLFD QLxRVEDMRDWHQFLyQ
)HULDV GH 6DOXG LQWHJUDO
GHVDUUROODGDV
,QVWLWXFLRQHV JXEHUQD
PHQWDOHVLQYROXFUDGDV
5HFRQRFLPLHQWR D (VWXGLDQ
WHV'HVWDFDGRV
(VWLPXODU OD VXSHUDFLyQ GH
QXHVWURVHVWXGLDQWHV
3RUFHQWDMHGHDYDQFHGHOSURJUD
PDGHHVWHDxRRFWXEUH
&HOHEUDFLRQHV GH )HFKDV
'HVWDFDGDV
&RQPHPRUDU HQ IRUPD DGH
FXDGD ODV IHFKDV VLJQLÀFDWL
YDVSDUDQXHVWUDFRPXQLGDG
3RUFHQWDMHGHDYDQFHGHOSUR
JUDPDGHHVWHDxR
'LJLWDOL]DFLyQ GH %DVH GH 'D
WRVGH(VWXGLDQWHV
&RQWDUFRQXQDEDVHGHGD
WRVGHQXHVWURVHVWXGLDQWHV
$YDQFHGHODEDVHVGHGDWRV
HQFRQVWUXFFLyQ
&RPXQLFDFLyQ HIHFWLYD FRQ
ODV $JUXSDFLRQHV (VWXGLDQ
WLOHV
0DQWHQHU XQ GLiORJR FRQV
WDQWH\FRQRFHUODVDVSLUDFLR
QHV \ GLÀFXOWDGHV GH QXHV
WURVHVWXGLDQWHV
3XEOLFDUXQEROHWtQTXHOOHQH
ODVH[SHFWDWLYDVGHORVHVWX
GLDQWHV
6LVWHPDGHFRPXQLFDFLyQHQ
IXQFLRQDPLHQWR
4XH WRGD OD FRPXQLGDG XQL
YHUVLWDULD WHQJD FRQRFLPLHQ
WR GH ODV DFWLYLGDGHV TXH
UHDOL]D OD 9LFHUUHFWRUtD GH
$VXQWRV(VWXGLDQWLOHV
3XEOLFDFLRQHVFiUWHOHVIRWRV
EROHWLQHV SURJUDPDV UDGLR \
79PDPSDUDVPXUDOHVEDQ
GHULQHV GHVSOHJDGRV EDQ
QHUVHWF
%ROHWtQ([SUpVDWH
3URPRFLyQ GH ODV $FWLYLGD
GHV3URJUDPDGDV
3XEOLFDFLRQHV UHDOL]DGDV SRU
VHPHVWUH
81,9(56,'$''(3$1$0É
'LUHFFLyQ$GPLQLVWUDWLYD
3UR\HFWR0HWD5HVXOWDGR
5HFDXGDFLyQGHIRQGRV
)RPHQWDU OD DXWRJHVWLyQ
SDUDFRQWDUFRQIRQGRVSDUD
EHQHÀFLRGHORVHVWXGLDQWHV
6HFXPSOLyHQHO
'LJLWDOL]DFLyQ GH OD ,QIRUPD
FLyQ $GPLQLVWUDWLYD \ )LQDQ
FLHUD
0RGHUQL]DU \ DJLOL]DU ORV
SURFHVRV DGPLQLVWUDWLYRV \
ÀQDQFLHURV
$YDQFHGHOSUR\HFWRGH
6LVWHPDWL]DFLyQ GHO ,QYHQWD
ULRGHORV5HFXUVRV)tVLFRV\
)LQDQFLHURV
&RQWDUFRQXQLQYHQWDULRDF
WXDOL]DGR \ DFFHVLEOH GH ORV
UHFXUVRV ItVLFRV \ ÀQDQFLH
URV
$YDQFHGHOSUR\HFWRGH
5HJLVWURGHFRQWUROHV
'LJLWDOL]DUORVFRQWUROHV
$YDQFHGH
2SWLPL]DFLyQ GH ODV IXQFLR
QHVGHFRQWDELOLGDG
$JLOL]DU ORV SURFHVRV FRQWD
EOHV
$YDQFHGH
6HJXLPLHQWR \ HMHFXFLyQ GHO
3UHVXSXHVWR GH IXQFLRQD
PLHQWR
*DUDQWL]DUODHMHFXFLyQGHORV
SUR\HFWRVSUHVXSXHVWDGRV
$YDQFHGH
'LUHFFLyQGH'HIHQVRUtD\4XHMDV
3UR\HFWR0HWD5HVXOWDGR
5HJODPHQWDFLyQGHODV$JUX
SDFLRQHV(VWXGLDQWLOHV
&RQVHQVXDU XQ UHJODPHQWR
TXHJXtHODVDFFLRQHVGHODV
DVRFLDFLRQHV HVWXGLDQWLOHV
HQODXQLYHUVLGDG
5HJODPHQWR HQ SURFHVR GH
YDOLGDFLyQ
&RQIHGHUDFLyQ 8QLYHUVLWDULD
GHO)RONORUH
3URPRYHU WRGDV ODV H[SUH
VLRQHV GH QXHVWUD QDFLRQDOL
GDGEDMRXQDFRQIHGHUDFLyQ
6HUHDOL]DURQHOGHODV
DFWLYLGDGHVSURJUDPDGDV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQMXQWR GH 3UR\HFFLRQHV
)RONOyULFDV´$VtHV3DQDPiµ
&RQMXQWR 0XVLFDO )RONOyULFR
´6HQWLPLHQWR8QLYHUVLWDULRµ
&XUVRV 3HUPDQHQWHV GH $U
WHV3OiVWLFDV\9LVXDOHV
3UHVHQWDU QXHVWURV EDLOHV
IRONOyULFRV HQ DFWLYLGDGHV
GHQWUR \ IXHUD GH OD XQLYHU
VLGDG $PHQL]DU DFWLYLGDGHV
GHQWUR \ IXHUD GH OD XQLYHU
VLGDG
$FWLYLGDGHVTXHVRQHMHFXWD
GDVHQHOVHPHVWUH
%ULQGDUOHDORVTXHVHLQFOLQDQ
SRUODVDUWHVSOiVWLFDV\YLVXD
OHVXQDSODWDIRUPDSDUDSHUIHF
FLRQDUVXVWpFQLFDV\GHVDUUR
OODUQXHYDVKDELOLGDGHV
'XUDQWHWRGRHOVHPHVWUHVH
GHVDUUROODQDFWLYLGDGHV
$FWLYLGDGHVTXHVRQHMHFXWD
GDVHQHOVHPHVWUH
'HSDUWDPHQWRGH'HSRUWH\5HFUHDFLyQ
3UR\HFWR0HWD5HVXOWDGR
81,),7&ODVHVGH$HUyELFRV
%ULQGDUODIDFLOLGDGDWRGDOD
FRPXQLGDG XQLYHUVLWDULD GH
HMHUFLWDUVH \ PHMRUDU VX VD
OXG\DVSHFWR
3DUWLFLSDQWHV
$HUyELFRV
6SLQQLQJ
&DPSHRQDWRV
'HSRUWLYRV
,QWHU8QLYHUVLWDULR0)
3URPRYHUODFRQYLYHQFLDFRQ
RWUDVXQLYHUVLGDGHVDWUDYpV
GHOGHSRUWH
&DPSHRQDWRVHQTXHVHSDU
WLFLSD
&DPSHRQDWRV
'HSRUWLYRV
,QWHU)DFXOWDGHV0)
3URPRYHUODFRQYLYHQFLDHQ
WUHODVIDFXOWDGHVDWUDYpVGHO
GHSRUWH
6H HMHFXWDQ HQ HO VHJXQGR
VHPHVWUH
&DPSHRQDWRV 1DFLRQDOHV
8QLYHUVLWDULRV0)
3URPRYHUODFRQYLYHQFLDHQ
WUHODVGLVWLQWDVVHGHVXQLYHU
VLWDULDVDWUDYpVGHOGHSRUWH
)RUWDOHFHU OD FDSDFLGDG WpF
QLFDGHQXHVWURVHTXLSRV
6H UHDOL]DQ HQ HO VHJXQGR
VHPHVWUH
3UR\HFWDUQRV FRQ ORV HVWX
GLDQWHV\ODFLXGDGDQtDHQJH
QHUDODWUDYpVGHDVHVRUtDV
6HDWLHQGHQFRQVXOWDV
&OXEHV 'HSRUWLYRV 8QLYHUVL
WDULR
$VHVRUtD \ DWHQFLyQ D HVWX
GLDQWHV\SDUWLFXODUHV
6H FRQIRUPDURQ &OXEHV
'HSRUWLYRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
2UJDQL]DFLyQ 'HSRUWLYD 8QL
YHUVLWDULD
2UJDQL]DU HYHQWRV GHSRUWL
YRV
6HRUJDQL]DQ
5HFUHDWLYRGH9HUDQR
4XHORVHVWXGLDQWHVHQFXHQ
WUHQ DFWLYLGDGHV SDUD HO SH
UtRGRHQWUHVHPHVWUHV
6HRUJDQL]DQ
/DERUDWRULR0XVFXODU
&XLGDUODFRQGLFLyQItVLFDGH
QXHVWURVHVWXGLDQWHV
‡
‡
‡
‡
(VWXGLDQWHV SDUWLFLSDQ
WHV
3DUWLFXODUHV SDUWLFLSDQ
WHV
$GPLQLVWUDWLYRV SDUWLFL
SDQWHV
'RFHQWHV SDUWLFLSDQWHV
8QLYHUVLDGD
2UJDQL]DU SUR\HFWR 8QLYHU
VLDGD
HYHQWRRUJDQL]DGR
&HQWUR5HFUHDWLYRGH-XHJRV
GH0HVD
3URPRYHUODFRQYLYHQFLD\HO
VDQRHVSDUFLPLHQWR
6HUHDOL]DQ
&RQPHPRUDFLyQ GHO DQL
YHUVDULRGHOD8QLYHUVLGDGGH
3DQDPi
&RODERUDU FRQ ODV DFWLYLGD
GHVGHFHOHEUDFLyQGHORV
DxRVGHQXHVWUD8QLYHUVLGDG
)RUWDOHFHUORVHVWLORVGHYLGD
VDOXGDEOH HQ QXHVWURV HVWX
GLDQWHV
6HUHDOL]DQUHXQLRQHV
&DUUHUD)XQGDFLyQGH3DQD
Pi/D9LHMD
3DUWLFLSDU HQ HYHQWRV GH LP
SRUWDQFLDSDUDODFRPXQLGDG
6HUHDOL]DHQHOVHJXQGRVH
PHVWUH
3DUWLFLSDFLyQ HQ &RPLVLRQHV
'HSRUWLYDVGLYHUVDV
3URPRYHUODVDFWLYLGDGHVGH
SRUWLYDV FRPR KHUUDPLHQWD
SDUDPDQWHQHUDORVMyYHQHV
DOHMDGRVGHSUiFWLFDVSHUMXGL
FLDOHV
FRPLVLRQHV HQ GLIHUHQWHV
GLVFLSOLQDV
2UJDQL]DFLyQ 'HSRUWLYD 8QL
YHUVLWDULD &HQWURDPHULFDQD
\GHO&DULEH
,QWHUFDPELR FRQ HVWXGLDQWHV
GH &HQWURDPpULFD \ GHO &D
ULEH
6HUHDOL]DHQHOVHJXQGRVH
PHVWUH
7RUQHRV'HSRUWLYRV0L[WRV
6H UHDOL]DQ HQ HO VHJXQGR
VHPHVWUH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&HQWUR GH 'LDJQyVWLFR GH OD
$FWLYLGDG)tVLFD
&RQWDU FRQ XQ FHQWUR HVSH
FLDOL]DGR GH GLDJQyVWLFR GH
OD FRQGLFLyQ ItVLFD GH ORV DW
OHWDV
UHXQLRQHV GH GLVFXVLyQ GH
ODSURSXHVWD
)RQGRGH$XWRJHVWLyQ
3UR\HFWR0HWD5HVXOWDGR
&RQWUDWDFLyQGHSHUVRQDO
%ULQGDU XQD PHMRU DWHQFLyQ
D ORV HVWXGLDQWHV DGPLQLV
WUDWLYRV \ GRFHQWHV TXH QRV
YLVLWDQ
6H FRQWUDWy SHUVRQDO SRU XQ
PRQWRGH%
$WHQFLyQ D ORV HVWXGLDQWHV
HQ *LUDV $FDGpPLFDV 6H
PLQDULRV \ $FWLYLGDGHV 'H
SRUWLYDVGHOD8QLYHUVLGDGGH
3DQDPi
*DUDQWL]DU DO HVWXGLDQWDGR
TXH DVt OR VROLFLWH HO DSR
\R SDUD VX SDUWLFLSDFLyQ HQ
HYHQWRVDFDGpPLFRVFXOWXUD
OHV\GHSRUWLYRV
6H DSR\y D ORV HVWXGLDQWHV
FRQ%
,QIRUPDFLyQ\GLYXOJDFLyQ
%ULQGDULQIRUPDFLyQGHODVDF
WLYLGDGHVGHOD9$(
6HLQYLUWLHURQHQHVWHSUR\HF
WR%
$GTXLVLFLyQ GH SDSHOHUtD
SLQWXUDWHODV\PDWHULDOHVGH
RÀFLQD
6XPLQLVWUDUDORVHVWXGLDQWHV
GHDVRFLDFLRQHVJUXSRVSROt
WLFRV \ SHUVRQDO GH OD 9$(
HO PDWHULDO QHFHVDULR SDUD
UHDOL]DUVXVDFWLYLGDGHVFXOWX
UDOHVSROtWLFDV\DFDGpPLFDV
6HORJUyVXPLQLVWUDUORQHFH
VDULRDXQPRQWRDSUR[LPDGR
GH%
6XPLQLVWUR GH $OLPHQWDFLyQ
SDUD ODV UHXQLRQHV VHPL
QDULRV \ FRQIHUHQFLDV UHDOL
]DGDV SRU ORV HVWXGLDQWHV D
WUDYpV GH OD &DIHWHUtD 8QL
YHUVLWDULD
$SR\DU D ORV HVWXGLDQWHV HQ
VXV DFWLYLGDGHV GRFHQWHV \
FXOWXUDOHV
0RQWRDSUR[LPDGRLQYHUWLGR
GH%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
/D GGTXLVLFLyQ GH XQLIRUPHV
H LPSOHPHQWRV GHSRUWLYRV D
ODV GHOHJDFLRQHV GHSRUWLYDV
TXH QRV UHSUHVHQWDQ HQ ODV
GLVWLQWDVGLVFLSOLQDV
'RWDU GH OD LQGXPHQWDULD H
LPSOHPHQWRV QHFHVDULRV D
ORV DWOHWDV TXH SDUWLFLSDQ HQ
UHSUHVHQWDFLyQ GH OD 8QLYHU
VLGDGGH3DQDPiHQODVGLV
WLQWDVGLVFLSOLQDVGHSRUWLYDV
8QLIRUPHV H LPSOHPHQWRV
GHSRUWLYRV SRU XQ PRQWR
DSUR[LPDGRGH%
$GTXLVLFLyQ GH PDWHULDOHV
(OpFWULFRVPDWHULDOGH&RQV
WUXFFLyQ 0DWHULDO GH DVHR \
RWURVVHUYLFLRV
%ULQGDU PDQWHQLPLHQWR D ODV
LQVWDODFLRQHV GH ODV RÀFLQDV
DGPLQLVWUDWLYDVGHOD9$(\
HO*LPQDVLR8QLYHUVLWDULR
,QYHUVLyQGH%
&RQIHFFLyQ GH EDQQHU IRU
PXODULRVHLPSUHVRV
%ULQGDU SXEOLFLGDG D ODV DFWL
YLGDGHVTXHUHDOL]DOD9$(D
WUDYpVGHOD5HYLVWD0HQVXDO
([SUpVDWHGLULJLGDDODSREOD
FLyQXQLYHUVLWDULD
0RQWRGH%
6XPLQLVWUR GH WUDQVSRUWH \
YLiWLFRV DO LQWHULRU \ H[WHULRU
GHOD5HS~EOLFDGH3DQDPi
&RRUGLQDUDFWLYLGDGHVFRQORV
&HQWURV5HJLRQDOHV\ODV2U
JDQL]DFLRQHVHQHO([WHULRU
6H JDVWy HQ WUDQVSRUWH \
YLiWLFRV DSUR[LPDGRV GH
%
3DJRGHDOTXLOHUGHO/DERUD
WRULRGH3HVDV\RWURVVHUYL
FLRV
'RWDUDO*LPQDVLR8QLYHUVLWD
ULRVGHORVLPSOHPHQWRVQHFH
VDULRV SDUD TXH OD SREODFLyQ
HVWXGLDQWLOUHDOLFHODVDFWLYLGD
GHVGHSRUWLYDVTXHUHTXLHUH
6H SDJDURQ % HQ
FRQFHSWRGHDOTXLOHU
(PLVLyQGHFUpGLWRVQRRÀFLD
OHVDHVWXGLDQWHV
)DFLOLWDU D ORV HVWXGLDQWHV OD
REWHQFLyQGHVXVFUpGLWRV
HVWXGLDQWHV
6HUYLFLRV D OD &RPXQLGDG
8QLYHUVLWDULD \ DO 3~EOLFR HQ
*HQHUDO
$WHQFLyQ D HVWXGLDQWHV GR
FHQWHV \ S~EOLFRV HQ JHQHUDO
TXHUHTXLHUHQGHODVPLVPDV
SDUDVXVWUiPLWHVSHUVRQDOHV
,PSUHVLyQ GH IRWRV WDPDxRV
FDUQpDSHUVRQDV
3URJUDPD GH 6DOXG \ %LHQ
HVWDU
%ULQGDUODVFODVHVGH$HUyEL
FRV \ /DERUDWRULR 0XVFXODU
SDUD OD SREODFLyQ HVWXGLDQWLO
GRFHQWH DGPLQLVWUDWLYD \ S~
3URJUDPDGHDHUyELFRV\SH
VDV VH DWHQGLy D SHUVRQDVDSUR[LPDGDPHQWH
5(1',&,Ð1'(&8(17$6
6HUYLFLRV
3UR\HFWR0HWD5HVXOWDGR
EOLFR HQ JHQHUDO TXH OR VROL
FLWDQ SDUD XQD PHMRU VDOXG \
ELHQHVWDUSHUVRQDO
,QIUDHVWUXFWXUD
%ULQGDU PDQWHQLPLHQWR D ODV
LQVWDODFLRQHV GH ODV RÀFLQDV
DGPLQLVWUDWLYDVGHOD9$(\
HO*LPQDVLR8QLYHUVLWDULR
$GTXLVLFLyQ GH PDWHULDOHV
HOpFWULFRV PDWHULDO GH FRQV
WUXFFLyQ PDWHULDO GH DVHR \
RWURVVHUYLFLRVSRUXQPRQWR
DSUR[LPDGRGH%
3XEOLFDFLRQHV
%ULQGDUSXEOLFLGDGDODVDFWLYL
GDGHVTXHUHDOL]DOD9$(D
WUDYpVGHOD5HYLVWD0HQVXDO
([SUpVDWHGLULJLGDDODSREOD
FLyQXQLYHUVLWDULD
3XEOLFDFLyQ GH OD UHYLVWD
PHQVXDO([SUpVDWH\FRQIHF
FLyQ GH EDQQHU IRUPXODULRV
HLPSUHVRVSRUXQPRQWRGH
%
$SR\RDORVHVWXGLDQWHV
&RRUGLQDUDFWLYLGDGHVFRQORV
&HQWURV 5HJLRQDOHV \ ODV RU
JDQL]DFLRQHVHQHO([WHULRU
6XPLQLVWUR GH WUDQVSRUWH \
YLiWLFRV DO LQWHULRU \ H[WHULRU
GHOD5HS~EOLFDGH3DQDPi
SRUXQPRQWRDSUR[LPDGRGH
%
$FWLYLGDGHVGHSRUWLYDV
'RWDUDO*LPQDVLR8QLYHUVLWD
ULRVGHORVLPSOHPHQWRVQHFH
VDULRV SDUD TXH OD SREODFLyQ
HVWXGLDQWLOUHDOLFHODVDFWLYLGD
GHVGHSRUWLYDVTXHUHTXLHUH
3DJRGHDOTXLOHUGHO/DERUD
WRULRGH3HVDV\RWURVVHUYL
FLRV%
3URJUDPDGHEHFDV
%ULQGDU D ORV HVWXGLDQWHV ORV
UHFXUVRV HFRQyPLFRV SDUD
UHDOL]DUVXVHVWXGLRV
(QWUHJD GH ODV EHFDV GHO
SUHVLGHQWH GH OD 5HS~EOLFD
'RFWRU 0DUWLQHOOL \ OD EHFD
&URZOH\ \ DGLHVWUDPLHQWR \
HVWXGLRDOSHUVRQDO
%
727$/%
81,9(56,'$''(3$1$0É
9LFHUUHFWRUtDGH([WHQVLyQ
3UR\HFWR0HWD5HVXOWDGR
$OLDQ]DV HVWUDWpJLFDV HQWUH
OD 8QLYHUVLGDG GH 3DQDPi \
RWUDVLQVWLWXFLRQHVGHJRELHUQR
2IUHFHU D OD FRPXQLGDG QD
FLRQDO ORV EHQHÀFLRV GHO FR
QRFLPLHQWR DFDGpPLFR DU
WtVWLFR FXOWXUDO \ GHSRUWLYR
HQHOFDPSXVFHQWUDO\HQHO
LQWHULRUGHOD5HS~EOLFD
‡
‡
7HPSRUDGDGH9HUDQR
GHHQHURDOGHPDU
]RGH
‡ 7DOOHUHVGH3LQWXUD
‡ 3URJUDPDVGH9HUDQR)H
OL]GHPDU]RGH
‡ ([SRVLFLRQHV GH 2EUDV
$UWtVWLFDV´$UWHHQHO3DU
TXHµ&RFOpGHPDU]R
GH
‡ 3UHVHQWDFLyQ $UWtVWLFD
´1RFKHGH%ROHURVµ
%XJDED%RTXHWH\'DYLGGH
DOGHIHEUHURGH
‡ ´3UHVHQWDFLyQ 2UTXHVWD
6LQIyQLFD-XYHQLOµ
/RV$QGHV6DQ0LJXHOLWR
GHPDU]RGH
‡
‡
7UDEDMR HQ FRQMXQWR FRQ OD
HPEDMDGDDUJHQWLQD\HO+'
/XLV ( 4XLUR] &LUFXLWR HQEHQHÀFLRGHODFRPXQLGDG
,QWHUFDPELRFXOWXUDO\DUWtVWLFR
‡
‡
7DUGHGH'DQ]DV\([SUH
VLRQHV0XVLFDOHVµ
6DQWD )H 'DULpQ GH
PDU]RGH
3UHVHQWDFLyQ$UWtVWLFD
´*UXSR $UJHQWLQR /RV
&XDWUR5XPERVµ
6DQ)UDQFLVFRGHPD\RGH
‡ ´*UXSR$UJHQWLQR'DQVD\µ
‡ 3HQRQRPpGHPD\R
GH
‡ ž)HVWLYDOGH0~VLFD$O
IUHGR6DLQW0DOR
&DPSXV+DUPRGLR$ULDV0D
GULGGHPD\RGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
‡
‡
%HQHÀFLRDODVFRPXQLGDGHV
PiV QHFHVLWDGDV D WUDYpV
GHOFRQRFLPLHQWRDFDGpPLFR
&LHUUHGHODWHPSRUDGDGHYHUDQR
/OHYDUDODSUiFWLFDODFDOLGDG
GH OD HQVHxDQ]D GH ODV GLV
WLQWDVGLVFLSOLQDVGHOiUHDKX
PDQtVWLFD\VDOXGTXHRIHUWD
QXHVWUDXQLYHUVLGDG
´1RFKH GH %ROHURV 'tD
GHO3DGUHµ
(O &RSp &RFOp GH
MXQLRGH
‡ *LUDV&RPXQLWDULDV
6RUi&DSLUD GH RFWXEUH
GH
‡ 2Oi&RFOp GH MXOLR GH
FRQ OD +' 'DQD
&DVWDxHGD
‡ 3UHVHQWDFLyQ 2UTXHVWD
&DUDYDQD&XOWXUDOµ
&KRUUHUD GH DEULO GH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
7UDEDMRHQFRQMXQWRFRQLQV
WLWXFLRQHV FXOWXUDOHV GH *R
ELHUQR
&UHDFLyQ GH YtQFXORV FXOWX
UDOHV\DFDGpPLFRVFRQRWUDV
FXOWXUDV
,QWHUFDPELR &XOWXUDO HQWUH
3DQDPi\7DLZiQ
MXQLRGHMXOLR
5HVDOWDU ODV DFWLYLGDGHV FXO
WXUDOHV \ ODERUHV GH H[WHQ
VLyQ
3UHVHQWDFLyQ GH OD RIHUWD
DFDGpPLFD HQ HO iUHD GH OD
P~VLFD\ODVEHOODVDUWHV
‡ 6LQIyQLFD-XYHQLOµ
/RV$QGHV6DQ0LJXHOLWR
GHPDU]RGH
‡ 7DUGH GH 'DQ]DV \ ([
SUHVLRQHV0XVLFDOHVµ
‡ 6DQWD )H 'DULpQ GH
PDU]RGH
‡ &LHUUHGH7HPSRUDGDGH
9HUDQR
‡ /RV6DQWRVGHPDU]R
GH
)RUWDOHFLPLHQWR GH ODV SROtWL
FDVGHH[WHQVLyQ
,QWHJUDUDOD8QLYHUVLGDGHQOD
FHOHEUDFLyQGHODVDFWLYLGDGHV
UHOLJLRVDVDWUDYpVGHSURJUD
PDVFXOWXUDOHV\DUWtVWLFRV
‡
,QWHJUDUDOD8QLYHUVLGDGFRQ
ODV SROtWLFDV VRFLDOHV GH JR
ELHUQR
7UDEDMRHQFRQMXQWRFRQLQVWLWX
FLRQHVFXOWXUDOHVGHJRELHUQR
4XHODVFRPXQLGDGHVGRQGH
VHUHDOL]DQHVWHWLSRGHHYHQ
WRV FRQR]FDQ HO SURIHVLRQD
OLVPR\ODFDOLGDGGHODRIHUWD
GHOD8QLYHUVLGDGHQHOiUHD
FXOWXUDO
3DUWLFLSDFLyQ GH OD 8QLYHUVL
GDGHQDFWLYLGDGHVGHLQWHUpV
VRFLDO \ PpGLFR D FRPXQLGD
GHVPiVQHFHVLWDGDVFRPR
UHVSDOGRGHSUR\HFWRV\DFWL
YLGDGHVGHJRELHUQRVORFDOHV
3DUWLFLSDFLyQ HQ DFWLYLGDGHV
FRQEHQHÀFLRVSDUDODFRPX
QLGDG
)LHVWD 3DWURQDO 3DUUR
TXLD GH 6DQWD 5LWD GH
&DVFLD -XDQ 'tD] GHPD\RGH
‡ 6HUHQDWD D 6DQWD /LEUD
GD
/DV 7DEODV GH MXOLR GH
‡ &HOHEUDFLyQ GHO 'tD GHO
$EXHOR
XDQ 'tD] GH MXOLR GH
5(1',&,Ð1'(&8(17$6
&HOHEUDFLyQGHODQRFKHGHWDQJR\IRONORUHHQODSURYLQFLDGH9HUDJXDV
3UR\HFWR0HWD5HVXOWDGR
&RQYHQLRV5HIUHQGDGRV
',3/20$'26
‡ 'LSORPDGR3URFXUDGXUtD
‡ 'LSORPDGR,)$5+82($
‡ 'LSORPDGR ,QWHUQDFLRQDO
GH*REHUQDELOLGDG\*H
UHQFLD3~EOLFD
‡ 3DQDPi &KLULTXt 9H
UDJXDV \ $]XHUR GH
MXQLRGH
([WHQVLyQ KDFLD ODV FRPX
QLGDGHV FRQ SURJUDPDV TXH
UHVDOWHQORVYDORUHVGHODVR
FLHGDG
&RQWULEXFLyQ GH IRUPDFLyQ
LQWHJUDOGHHVWXGLDQWHV\GR
FHQWHV
3UHVHQWDU RIHUWDV DFDGpPL
FDVDGRFHQWHVHJUHVDGRV\
SURIHVLRQDOHV FRQ EDVH D OD
GHPDQGDVGHODVRFLHGDG
2SRUWXQLGDGHV GH LQWHUFDP
ELRV DFDGpPLFR FXOWXUDO \
FLHQWtÀFR
$PSOLDFLyQGHRIHUWDVGHQLYHO
VXSHULRUHQIRFDGDVHQODVQH
FHVLGDGHV GH HVSHFLDOL]DFLyQ
\DÀDQ]DPLHQWRGHGLVFLSOLQDV
0HMRUDPLHQWR GH OD LQVWLWXFLR
QDOLGDGGHPRFUiWLFD\IRUWDOH
FLPLHQWRGHODVLQVWDQFLDVGH
JRELHUQR\GHODVRFLHGDGFLYLO
3DUWLFLSDQWHV
5HVFDWHGHGLYHUVDVDFWLYLGD
GHVWUDGLFLRQDOHV\GHLQWHJUD
FLyQFRQODVFRPXQLGDGHV
7DOOHUHVGHDUWHFRPXQLWDULR
GH QRYLHPEUH GH /D 3URYLGHQFLD 'LVWULWR GH
&KHSR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&OtQLFDV 'HSRUWLYDV &KLUL
TXt9HUDJXDV'DULpQ
7DOOHUHVGH3LQWXUD&KLULTXt
3DFRUD
5HVDOWDU HO FRPSURPLVR GH
OD8QLYHUVLGDGHQVXIXQFLyQ
GH IRUPDFLyQ DFDGpPLFD \
VRFLDO
)RUWDOHFLPLHQWRGHODUHODFLyQ
8QLYHUVLGDG²&RPXQLGDG
0HMRUDPLHQWR GH OD (GXFD
FLyQ3DQDPHxD
(VWUHFKDU 5HODFLRQHV FRQ
GHO 0LQLVWHULR GH (GXFDFLyQ
\GHPiVRUJDQLVPRVGHOHV
WDGR
&DSDFLWDFLyQ D GRFHQWHV HQ
&RPSUHQVLyQ /HFWRUD \ HQ HO
iUHD GH PDWHPiWLFD JHRPH
WUtD\HVWDGtVWLFD
&RPLVLyQ7pFQLFDGH)LVFDOL
]DFLyQ
)LVFDOL]DFLRQHV SURJUDPD
GDV \ UHDOL]DGDV D XQLYHUVD
OHVSDUWLFXODUHV
,QWHJUDFLyQGHODV8QLYHUVLGD
ODHGXFDFLyQVXSHULRU
/D8QLYHUVLGDGGH3DQDPiIXHGLVWLQJXLGDFRPR3DGULQRVGHODVDFWLYLGDGHVRUJDQL]DGDVHQFHOHEUDFLyQGHOGtD
GH6DQWD/LEUDGDHOGHMXOLRGHHQ/DV7DEODV$FWRTXHFRQWyFRQODSDUWLFLSDFLyQGHOJUXSR/RV-XJOD
UHVOD2UTXHVWD)LODUPyQLFD7URYDGRUHV\7DPERULWRV/D6HUHQDWDIXHRIUHFLGDSRUOD8QLYHUVLGDGGH3DQDPi
\FRPRLQYLWDGRHVSHFLDOHOUHFRQRFLGRLQWpUSUHWHGHODP~VLFDWtSLFD2VYDOGR$\DOD
5(1',&,Ð1'(&8(17$6
&RQYHQLRV5HIUHQGDGRV
‡
&RQYHQLR0DUFRGH&RRSHUDFLyQHQWUHOD8QLYHUVLGDGGH3DQDPi\OD$VRFLDFLyQ
&ULVWLDQDSDUDOD5HKDELOLWDFLyQ\5HLQVHUFLyQGH0DUJLQDGRVGH3DQDPi5HPDU
‡
$FXHUGRHVSHFtÀFRGH&RODERUDFLyQHQWUHHO0HGXFD,QVWLWXWR6XSHULRU-XDQ'H
PyVWHQHV$URVHPHQDGHOD3URYLQFLDGH9HUDJXDV\OD8QLYHUVLGDGGH3DQDPi
&RQYHQLR0DUFRGH&RRSHUDFLyQHQWUHOD8QLYHUVLGDGGH3DQDPi\OD3URFXUDGXUtD
GHOD$GPLQLVWUDFLyQ
‡
‡
&RQYHQLR0DUFRGH&RRSHUDFLyQ$FDGpPLFDHQWUHOD8QLYHUVLGDG'H3DQDPD\OD
$VRFLDFLyQ'H&ULPLQDOLVWDV\&LHQFLDV)RUHQVHVGH3DQDPi
‡
$FXHUGR GH &RODERUDFLyQ$FDGpPLFD HQWUH OD 8QLYHUVLGDG 3RSXODU GH 'HVDUUROOR
6RVWHQLEOHGHODV$PpULFDV
‡
$FXHUGR GH &RODERUDFLyQ HQWUH OD 8QLYHUVLGDG GH 3DQDPi \ OD$VRFLDFLyQ 0XMHU
&XOWXUD\'HVDUUROOR
‡
$FXHUGR,QWHULQVWLWXFLRQDOSDUDOD&HOHEUDFLyQGHXQ'LSORPDGR7ULSDUWLWRHQ5HOD
FLRQHV/DERUDOHVHQWUHOD8QLYHUVLGDGGH3DQDPi\OD2UJDQL]DFLyQ,QWHUQDFLRQDO
GHO7UDEDMR2,7
‡
&RQYHQLR0DUFRGH&RRSHUDFLyQHQWUHOD8QLYHUVLGDGGH3DQDPiOD)XQGDFLyQ8QL
YHUVLGDGGH3DQDPi
‡
&RQYHQLR0DUFRGH&RRSHUDFLyQ$FDGpPLFDHQWUHOD8QLYHUVLGDGGH3DQDPi\HO
&HQWURGH&DSDFLWDFLyQ\$GLHVWUDPLHQWR(VWXGLR-XUtGLFR$UD~]6$
‡
$GHQGD1RDO&RQYHQLRGH&RRSHUDFLyQHQWUHOD8QLYHUVLGDGGH3DQDPiOD8QL
YHUVLGDG7HFQROyJLFDGH3DQDPi\OD)XQGDFLyQ$YLIDXQD
‡
&RQYHQLRGH&RRSHUDFLyQ\$VLVWHQFLD7pFQLFDHQWUHOD8QLYHUVLGDGGH3DQDPi\OD
$XWRULGDGGHOD0LFUR3HTXHxD\0HGLDQD(PSUHVD$PS\PH
‡
&RQYHQLR0DUFRGH&RRSHUDFLyQ&XOWXUDOHQWUHOD8QLYHUVLGDG'H3DQDPi\HO,QV
WLWXWR1DFLRQDOGH&XOWXUD
‡
&RQYHQLR GH &RRSHUDFLyQ 0XWXD H ,QWHUFDPELR GH7HFQRORJtD GH OD ,QIRUPDFLyQ
HQWUHOD8QLYHUVLGDGGH3DQDPi\OD(PSUHVD*VL,QWHUQDWLRQDO,QF
5(1',&,Ð1'(&8(17$6
,,,81,'$'(6$&$'e0,&$6
81,9(56,'$''(3$1$0É
)DFXOWDGGH$GPLQLVWUDFLyQGH(PSUHVDV\&RQWDELOLGDG
3UR\HFWR0HWD5HVXOWDGR
$XWRHYDOXDFLyQ 7UDQVIRU
PDFLyQ\$FUHGLWDFLyQ
(YDOXDU \ DFWXDOL]DU ODV FD
UUHUDVH[LVWHQWHV
&DUUHUDV$FWXDOL]DGDV
‡ /LFHQFLDWXUDHQ$GPLQLV
WUDFLyQ GH (PSUHVDV \
7pFQLFR HQ *HVWLyQ (P
SUHVDULDO
‡ /LFHQFLDWXUDHQ$GPLQLV
WUDFLyQGH(PSUHVDVFRQ
pQIDVLVHQ
‡ 5HFXUVRV+XPDQRV
‡ /LFHQFLDWXUD HQ &RQWDEL
OLGDG
‡ /LFHQFLDWXUDHQ$GPLQLV
WUDFLyQGH(PSUHVDV7X
UtVWLFDV%LOLQJH
&UHDFLyQGHQXHYDVFDUUHUDV
DFRUGH D ODV GHPDQGDV GHO
PHUFDGR
&DUUHUDV(YDOXDGDV
‡ /LFHQFLDWXUDHQ&RQWDELOLGDG
‡ /LFHQFLDWXUDHQ$GPLQLV
WUDFLyQGH(PSUHVDV7X
UtVWLFDV%LOLQJH
‡ /LFHQFLDWXUD HQ $GPL
QLVWUDFLyQ GH (PSUHVDV
FRQpQIDVLVHQ0HUFDGR
WHFQLD)LQDQ]DV\1HJR
FLRV,QWHUQDFLRQDOHV
&DUUHUDV1XHYDV
‡ /LFHQFLDWXUDHQ$GPLQLV
WUDFLyQ GH 2ÀFLQD %LOLQ
JH\7pFQLFR$VLVWHQWH
‡ $GPLQLVWUDWLYR%LOLQJH
‡ /LFHQFLDWXUD HQ ,QJHQLH
UtDGH2SHUDFLRQHV\/R
JtVWLFDV
‡ /LFHQFLDWXUD HQ $GPLQLVWUD
FLyQGH5HFXUVRV+XPDQRV
‡ /LFHQFLDWXUD HQ 1HJR
FLRVGH([SRUWDFLRQHV
‡ 7pFQLFR HQ $JUR ([SRU
WDFLyQ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWRV GH ORV FXU
VRV GH 3RVWJUDGR GH OD )D
FXOWDG
2IHUWDU FXUVRV GH SRVWJUDGR
SHUWLQHQWHV
6H RIHUWDURQ ODV VLJXLHQWHV
0DHVWUtDV
‡ 0DHVWUtD HQ &RQWDELOLGDG
PRGDOLGDGVHPLSUHVHQFLDO
‡ )LQDQ]DV
‡ 5HFXUVRV+XPDQRV
‡ 0HUFDGHR\&RPHUFLR,Q
WHUQDFLRQDO
‡ *HVWLyQ (PSUHVDULDO GH
(PSUHVDV 7XUtVWLFDV \
+RWHOHUDV1XHYD
‡ *HVWLyQ(PSUHVDULDO
‡ $QiOLVLV(PSUHVDULDO
‡ *HVWLyQ GH 2SHUDFLRQHV
(PSUHVDULDOHV
‡ *HVWLyQ0DUtWLPD
‡ $GPLQLVWUDFLyQGH(PSUH
VDV&RRSHUDWLYD
6HGLyODVHJXQGDSURPRFLyQ
GHO 'RFWRUDGR HQ &LHQFLDV
(PSUHVDULDOHV
(VWXGLDQWHVGHOD)DFXOWDGGH$GPLQLVWUDFLyQGH(PSUHVDV\&RQWDELOLGDGUHFLEHQFODVHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
/DERUDWRULRVGH,QIRUPiWLFD
+DELOLWDU ODERUDWRULRV SDUD
XVRGHHVWXGLDQWHVDGPLQLV
WUDWLYRV\SURIHVRUHV
6H RIHUWDQ DFWXDOPHQWH FLQFR
ODERUDWRULRV
&UHDFLyQGHO&HQWURGH,QFX
EDFLyQ(PSUHVDULDO
$SR\DU D HVWXGLDQWHV DGPL
QLVWUDWLYRV\SURIHVRUHVHQOD
LQFXEDFLyQHPSUHVDULDO
$YDQFHGHXQ
3LQWXUD \ UHSDUDFLyQ GH ODV
GRVWRUUHVGHODIDFXOWDG
0HMRUDULPDJHQGHODIDFXOWDG
$YDQFH GH XQ GH ORV
WUDEDMRV
3ODQ SUHYHQWLYR GH PDQWH
QLPLHQWR \ UHSDUDFLyQ GH OD
IDFXOWDG
&RQYHQLRV FRQ 2UJDQLVPRV
\8QLYHUVLGDGHV
3URJUDPDV GH HGXFDFLyQ
FRQWLQXD
$GTXLVLFLyQ GH DLUHV DFRQGL
FLRQDGRVGHWRQHODGDV
5HDOL]DUDOLDQ]DVHVWUDWpJLFDV
SDUDHOGHVDUUROORDFDGpPLFR
6H ÀUPDURQ FRQYHQLRV GH
LQWHUFDPELR GRFHQWH \ HVWX
GLDQWLO FRQ /D 2UJDQL]DFLyQ
/DWLQRDPHULFDQD GH $GPL
QLVWUDFLyQ 8QLYHUVLGDG $X
WyQRPD GH 6DQWR 'RPLQJR
8$6'8QLYHUVLGDG1DFLRQDO
0D\RU GH 6DQ 0DUFRV )XQ
GDFLyQ ,EHURDPHULFDQD )8
1,%(5GH(VSDxD&RQYHQLR
FRQOD8QLYHUVLGDG&iPDUDGH
7XULVPRFRQOD8QLYHUVLGDGGH
3DQDPi
'HVDUUROODUFXUVRVGHDFWXD
OL]DFLyQSURIHVLRQDOHQFRQWD
ELOLGDG\HPSUHVDV
&XUVRVGH3HDFKWUHH\FXUVR
GH+RWHOHUtD
0DQWHQHU ODV DXODV DFRQGL
FLRQDGDVORTXHQRVSHUPLWH
EULQGDUXQPHMRUGHVDUUROORGH
ODVDFWLYLGDGHVDFDGpPLFDV
6HFRPSUDURQFXDWURXQLGDGHV
SDUDODWRUUH1ƒHQHOVHJXQ
GR\WHUFHUSLVR\HQHOWHUFHU
SLVR GH OD WRUUH 1ƒ FRQ XQD
LQYHUVLyQGH%
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQVWUXFFLyQGHXQGHSyVLWR
$GTXLVLFLyQGHFHORWH[\OiP
SDUDVSDUDODIDFXOWDG
$FRQGLFLRQDPLHQWRVGHODER
UDWRULRV SDUD XVR GH FXUVRV
GHSUHJUDGR
&RQWDUFRQXQGHSyVLWRSDUD
OD FXVWRGLD GH PDWHULDOHV GH
6HWHUPLQyODFRQVWUXFFLyQGH
XQ GHSyVLWR SDUD PDWHULDOHV
0DQWHQHU LOXPLQDGDV FDGD
DXODGHODVWRUUHV1ƒ\WRUUH
1ƒSDUDRIUHFHUXQDPELHQ
WHGHVHJXULGDG\FRQIRUWGH
ORVGRFHQWHVDGPLQLVWUDWLYRV
\HVWXGLDQWHV
,QYHUVLyQGH%DF
WXDOPHQWHDYDQFHGH
$GHFXDUORVODERUDWRULRVSDUD
ODDWHQFLyQGHORVSURJUDPDV
GHOLFHQFLDWXUDV
6H DGTXLULHURQ FLQFXHQWD
FRPSXWDGRUDV FRQ XQD LQYHU
VLyQGH%SDUDORV
FXUVRV GH LQIRUPiWLFDV \ SOD
WDIRUPDV YLUWXDOHV GH
DYDQFHHQODDGHFXDFLyQ
ÉUHDGHDFFHVRWHFQROyJLFRDWRGRVORVHVWXGLDQWHVGHOD)DFXOWDG
81,9(56,'$''(3$1$0É
)DFXOWDGGH$GPLQLVWUDFLyQ3~EOLFD
3UR\HFWR0HWD5HVXOWDGR
(GXFDFLyQ&RQWLQXD
'HVDUUROODU VHPLQDULRV FRQ
XQDFDSDFLWDFLyQGHSDU
WLFLSDQWHV
'LVHxDU\HMHFXWDUFXDWUR
GLSORPDGRV WUHV FRQIH
UHQFLDV\WUHVMRUQDGDV
6HGHVDUUROODURQVHLVVHPL
QDULRV (VWUDWHJLDV 3UiFWLFDV
SDUDOD$WHQFLyQGHO7UDVWRUQR
SRU'pÀFLW$WHQFLRQDOFRQRVLQ
+LSHUDFWLYLGDG3ODQHDFLyQ(V
WUDWpJLFD'HVDUUROOR\3HUIHF
FLRQDPLHQWR SDUD 6HFUHWDULDV
\ $VLVWHQWHV $GPLQLVWUDWLYDV
/D 1XHYD *HUHQFLD 3~EOLFD
6XSHUYLVLyQ \ /LGHUD]JR 0L
FURVRIW2IÀFH
SURIHVLRQDOHVFDSDFLWDGRV
6H HMHFXWy XQ GLSORPDGR
*HVWLyQ 3~EOLFD 3DQDPHxD \
VX5HQGLFLyQGH&XHQWDV
KRUDVSUHVHQFLDOHV
IXQFLRQDULRVFDSDFLWDGRV
6H UHDOL]DURQ GRV FRQIH
UHQFLDV'HVDUUROORGHO7DOHQWR
+XPDQR GHQWUR GH ODV 2UJD
QL]DFLRQHV0HMRUDGHOD&DOL
GDGGHOD*HVWLyQ+XPDQDGHO
6HFWRU3~EOLFRSRUPHGLRGHOD
&DSDFLWDFLyQ
IXQFLRQDULRVFDSDFLWDGRV
&RRUGLQDFLyQ\(MHFXFLyQGH
$FWRVGH*UDGXDFLyQ
2UJDQL]DU \ HMHFXWDU GRV DFWRVGHJUDGXDFLyQ
6HUHDOL]DURQGRVDFWRVGH
JUDGXDFLyQ (VFXHOD GH $G
PLQLVWUDFLyQ 3~EOLFD 3ROLFLDO
FRQXQWRWDOGHHVWXGLDQWHV
\ODV(VFXHODVGH5HODFLRQHV
,QWHUQDFLRQDOHV 7UDEDMR 6R
FLDO $GPLQLVWUDFLyQ 3~EOLFD \
$GPLQLVWUDFLyQ 3~EOLFD $GXD
QHUDFRQXQWRWDOGHHVWX
GLDQWHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
6HJXLPLHQWR \ RULHQWDFLyQ
D HVWXGLDQWHV SDUD PHMRUDU
FRQGLFLRQHVGHDSUHQGL]DMH
'HWHFWDU \ RULHQWDU D HVWX
GLDQWHVGHODVGLIHUHQWHVFD
UUHUDVTXHWHQJDQEDMRUHQ
GLPLHQWRDFDGpPLFR
6HEULQGyVHJXLPLHQWR\RULHQ
WDFLyQ DFDGpPLFD D HVWX
GLDQWHVGHODVGLIHUHQWHVFDUUH
UDVFRQtQGLFHPHQRUD
5HDOL]DU DFWLYLGDGHV VRFLR
FXOWXUDOHV TXH SHUPLWDQ OD
FRQYLYHQFLDHVWXGLDQWLO
'LYXOJDFLyQ \ SURPRFLyQ GH
ODV GLIHUHQWHV FDUUHUDV GH OD
IDFXOWDG
'LYXOJDUHQODVGLIHUHQWHVHV
FXHODVGHQLYHOPHGLRQXHV
WUD RIHUWD DFDGpPLFD \ HQ OD
IHULDVTXHVHRUJDQLFHQ
‡
‡
‡
‡
‡
7UDQVIRUPDFLyQ $FDGpPLFD
&XUULFXODU
(YDOXDU OD &DUUHUD GH$GPL
QLVWUDFLyQ3~EOLFD$GXDQHUD
$GPLQLVWUDFLyQ 3~EOLFD 3ROL
FLDO\$GPLQLVWUDFLyQ3~EOLFD
6H UHDOL]y OD IHULD GH OD
VDOXG YDFXQDFLyQ WRPD
GH SUHVLyQ XVR GH SUH
VHUYDWLYR FRQ OD SDUWLFL
SDFLyQGHSHUVRQDV
&RQFXUVR GH 7DOHQWR
6HPDQDGHQR9LROHQFLD
&RQWUDOD0XMHU
6H YLVLWDURQ RFKR HV
FXHODV VHFXQGDULDV SDUD
SURPRFLRQDOODVFDUUHUDV
3DUWLFLSDFLyQ HQ OD IHULD
(;32('8& TXH RIUHFH
HO 0LQLVWHULR GH (GXFD
FLyQ \ OD 8QLYHUVLGDG GH
3DQDPi DQXDOPHQWH HQ
$7/$3$
(QWUHJDGH~WLOHVFRQGLV
WLQWLYRGHODIDFXOWDGSDUD
ODGLYXOJDFLyQ
6HUHFLELyODYLVLWDGHORVSDUHV
H[WHUQRVTXLHQHVUHDOL]DURQOD
HYDOXDFLyQGHODV&DUUHUDVGH
$GPLQLVWUDFLyQ 3~EOLFD $GXD
QHUD $GPLQLVWUDFLyQ 3~EOLFD
3ROLFLDO \ $GPLQLVWUDFLyQ 3~
EOLFD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
(GXFDFLyQ &RQWLQXD 'R
FHQWHV
'HVDUUROODU WUHV MRUQDGDV
GH DFWXDOL]DFLyQ \ FDSDFLWD
FLyQDORVGRFHQWHVGHODID
FXOWDG
6H RUJDQL]y FRQMXQWDPHQWH
FRQOD)DFXOWDGGH$GPLQLVWUD
FLyQGH(PSUHVDV(FRQRPtD
\HODSR\RGHOD9LFHUUHFWRUtD
GH ,QYHVWLJDFLyQ \ 3RVWJUDGR
XQ7DOOHU/DLQQRYDFLyQGHOD
,QQRYDFLyQHQODeSRFD+LVWy
ULFD(PHUJHQWH'HOR8QLYHU
VDO 0HFiQLFR H ,QWHUDFWLYR \
eWLFRHQOD,QYHVWLJDFLyQ&LHQ
WtÀFD
'DU VHJXLPLHQWR DO 3ODQ GH
0HMRUDHODERUDGRFRPRSUR
GXFWRGHODHYDOXDFLyQGHOD
FDUUHUDGH7UDEDMR6RFLDO
(MHFXFLyQ GH OD &RQIHUHQFLD
´6HJXULGDG&LXGDGDQDµ
9LVLWD D ORV &HQWURV 5HJLRQD
OHVGH9HUDJXDV\&RFOpSDUD
FRRUGLQDUODVDFWLYLGDGHVGHOD
FDUUHUDGH7UDEDMR6RFLDO
(O9LFHUUHFWRU$FDGpPLFR'U-XVWR0HGUDQRVHUH~QHHQODLQVWDODFLRQHVGHODUHFWRUtDSDUDGDUELHQYHQLGDD
ORVSDUHVH[WHUQRVTXHHYDOXDUiQOD&DUUHUDGH7UDEDMR6RFLDO\$GPLQLVWUDFLyQ3~EOLFD(QHODXGLWRULRGHOD
IDFXOWDGGDDSHUWXUDDODFWRGHHYDOXDFLyQGHODFDUUHUDGH7UDEDMR6RFLDO\$GPLQLVWUDFLyQ3~EOLFD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
,QWHUFDPELRHVWXGLDQWLO
5HDOL]DU DO PHQRV XQ LQWHU
FDPELR HVWXGLDQWLO FRQ HVWX
GLDQWHV GH XQLYHUVLGDGHV GH
RWURVSDtVHVGRQGHVHGLFWHQ
ODVFDUUHUDVGHQXHVWUDIDFXO
WDG
6H UHFLELy OD YLVLWD GH GRFHQ
WHV \ HVWXGLDQWHV GH OD (V
FXHODGH7UDEDMR6RFLDOGHOD
8QLYHUVLGDG GH &RVWD 5LFD
TXLHQHV VRVWXYLHURQ XQ LQWHU
FDPELRFRQORVHVWXGLDQWHVGH
OD &DUUHUD GH 7UDEDMR 6RFLDO
GHQXHVWUD8QLYHUVLGDG
'RFHQWHVGHOD(VFXHOD6RFLDOGHOD8QLYHUVLGDGGH&RVWD5LFDVHUH~QHQFRQGRFHQWHVGHOD(VFXHODGH7UD
EDMR6RFLDOGHO&HQWUR5HJLRQDO8QLYHUVLWDULRGH6DQ0LJXHOLWRODFRRUGLQDGRUDGHOD([WHQVLyQ8QLYHUVLWDULDGH
'DULpQ\HVWXGLDQWHVGHODFDUUHUDGHDPEDVXQLYHUVLGDGHV
81,9(56,'$''(3$1$0É
)DFXOWDGGH$UTXLWHFWXUD
3UR\HFWR0HWD5HVXOWDGR
0HUFDGHR\GLIXVLyQGHODRIHU
WDDFDGpPLFDGHODIDFXOWDG
'LYXOJDUODVRIHUWDVDFDGpPL
FDVGHODIDFXOWDG
,PSUHVLyQ \ GLVWULEXFLyQ GH
GHVSOHJDEOHV D FRORU
HQ ODV IHULDV HVWXGLDQWLOHV \
HQ ORV SODQWHOHV GH HGXFD
FLyQPHGLD
3DUWLFLSDFLyQ HQ RUJDQLVPRV
\UHGHVQDFLRQDOHVHLQWHUQD
FLRQDOHV
)RUWDOHFHUODSDUWLFLSDFLyQGH
OD 8QLYHUVLGDG GH 3DQDPi
HQ RUJDQLVPRV QDFLRQDOHV H
LQWHUQDFLRQDOHV
$FWLYD SDUWLFLSDFLyQ HQ OD
$JHQFLD &HQWURDPHULFDQD
GH$FUHGLWDFLyQ GH$UTXLWHF
WXUDH,QJHQLHUtD$&$$,OD
-XQWD 7pFQLFD GH ,QJHQLHUtD
\$UTXLWHFWXUD\OD&RPLVLyQ
$VHVRUDGHO0LQLVWHULRGH9L
YLHQGD\2UGHQDPLHQWR7HUUL
WRULDO
&HQWUR GH 3UR\HFWRV GH OD
)DFXOWDGGH$UTXLWHFWXUD
3UHVWDU VHUYLFLRV GH DVHVR
UtDV\FRQVXOWRUtDVDFDGpPL
FDV\SURIHVLRQDOHV
'HVDUUROOR GH ORV WpUPLQRV
GHUHIHUHQFLDSDUDHOGLVHxR
FRQVWUXFFLyQ \ HTXLSDPLHQWR
GHO &DPSXV GH $QWHQD \ HO
&HQWUR 5HJLRQDO GH 6DQ 0L
JXHOLWR
(ODERUDFLyQGHORVDQWHSUR
\HFWRV PHGLDQWH FRQFXUVR
DFDGpPLFRGHODVLQVWDODFLR
QHV FRPXQLWDULDV GH OD 3ROL
FtD1DFLRQDO
'HVDUUROORGHORVSODQRVSDUD
OD UHPRGHODFLyQ GHO 6DOyQ
9,3GHOD&DIHWHUtDGH&LHQ
FLDVODREUDFLYLOSDUDHODV
FHQVRU GH GLVFDSDFLWDGRV \
ORVSODQRVSDUDODLQVWDODFLyQ
GHO VLVWHPD GH DLUH DFRQGL
FLRQDGR FHQWUDO GH OD )DFXO
WDGGH$UTXLWHFWXUD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
)RUPDFLyQ$FDGpPLFD
)RUPDU LQWHJUDOPHQWH D ORV
SURIHVLRQDOHV\WpFQLFRVTXH
GHPDQGDHOSDtVHQHOUDPR
GHODDUTXLWHFWXUD\HOGLVHxR
([SRVLFLyQGHORVWUDEDMRVGHODQXHYDFDUUHUDGH'LVHxRGH0RGDVHQHO
YHVWtEXORGHOD)DFXOWDGGH$UTXLWHFWXUD
/DIDFXOWDGHQHOSULPHUVH
PHVWUH GHO DxR DFDGpPLFR
DWHQGLy XQD PDWUtFXOD GH
HVWXGLDQWHV HQ ODV VL
JXLHQWHVFDUUHUDV
‡ /LFHQ$UTXLWHFWXUD
HVWXGLDQWHV
‡ /LFHQ'LVHxR,QWHULRUHV
HVWXGLDQWHV
‡ /LFHQ'LVHxR*UiÀFR
HVWXGLDQWHV
‡ /LFHQ$UWHV$SOLFDGDV
HVWXGLDQWHV
‡ /LFHQ'LVHxRGH0RGDV
HVWXGLDQWHV
‡ 7HF HQ 'LEXMR $UTXLWHF
WyQLFR
HVWXGLDQWHV
‡ 7HFHQ(GLÀFDFLRQHV
HVWXGLDQWHV
*UDGXDFLyQ GH QXHYRV
SURIHVLRQDOHV TXH UHFLELHURQ
VXVWtWXORVHQ0DHVWUtDHQ
'LVHxR&UHDWLYRGH/LFHQ
FLDWXUDHQ$UTXLWHFWXUDHQ
'LVHxR*UiÀFRHQ'LVHxR
GH,QWHULRUHVHQ$UWHV$SOL
FDGDV \ GH 7pFQLFRV HQ
'LVHxR GH ,QWHULRUHV 'LEXMR
$UTXLWHFWyQLFR\(GLÀFDFLyQ
3XHVWD HQ PDUFKD GH OD VH
JXQGD \ FXDUWD SURPRFLyQ
GHODV0DHVWUtDVHQ9LYLHQGD
6RFLDO\'LVHxR&UHDWLYR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$PSOLDFLyQ GH OD RIHUWD DFD
GpPLFDGHOD)DFXOWDGGH$U
TXLWHFWXUD
'LVHxDU SURSXHVWDV HGXFDWL
YDVTXHUHVSRQGDQDODVQH
FHVLGDGHVGHOPHUFDGR
$FWRGHJUDGXDFLyQGHOD)DFXOWDGGH$UTXLWHFWXUD
3XHVWD HQ PDUFKD GH OD
QXHYD FDUUHUD GH 7pFQLFR
HQ &RQIHFFLyQ \ 9HVWXDULR
\ /LFHQFLDWXUD HQ 'LVHxR GH
0RGDV HQ HO SULPHU VHPHV
WUH GHO DxR DFDGpPLFR FRQXQDPDWUtFXODGHHV
WXGLDQWHV
3XHVWD HQ HMHFXFLyQ FRQ SDUWLFLSDQWHV GH OD QXHYD
0DHVWUtD &HQWURDPHULFDQD
HQ &RQVHUYDFLyQ \ *HVWLyQ
GHO3DWULPRQLRSDUDHO'HVD
UUROORHQFRQMXQWRFRQOD
‡ 8QLYHUVLGDGGH6DQ&DU
ORVGH*XDWHPDOD
‡ ,QVWLWXWR 7HFQROyJLFR GH
&RVWD5LFD
‡ 8QLYHUVLGDG
1DFLRQDO
$XWyQRPDGH+RQGXUDV
‡ 8QLYHUVLGDG 1DFLRQDO GH
,QJHQLHUtDGH1LFDUDJXD
\HODSR\RGHODV8QLYHUVLGD
GHV3ROLWpFQLFDVGH0DGULG\
9DOHQFLD\OD$JHQFLD(VSD
xROD GH &RRSHUDFLyQ ,QWHU
QDFLRQDO SDUD HO 'HVDUUROOR
$(&,'
$SUREDFLyQ HQ -XQWD GH )D
FXOWDG GH OD 0DHVWUtD HQ 9L
VXDOL]DFLyQGHO'LVHxR
(VWXGLR GH OD RIHUWD \ OD GH
PDQGD SDUD OD FUHDFLyQ GH
ODV FDUUHUDV GH 'LVHxR ,Q
GXVWULDO
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$GHFXDFLyQGHODRIHUWDDFD
GpPLFD
0HMRUDUODFDOLGDG\SHUWLQHQ
FLDGHODRIHUWDDFDGpPLFD
$YDQFHV VLJQLÀFDWLYRV HQ ORV
SURFHVRV GH $XWRHYDOXDFLyQ \
7UDQVIRUPDFLyQ &XUULFXODU GH
ODV&DUUHUDVGH$UTXLWHFWXUD'L
VHxR*UiÀFR\$UWHV$SOLFDGDV
5HDFWLYDFLyQ GHO &HQWUR GH
,QYHVWLJDFLyQ GH OD )DFXOWDG
GH$UTXLWHFWXUD&(',)$
,QWHJUDUODVRSFLRQHVGHJUDGR
\SRVWJUDGRFRQODVOtQHDVGH
LQYHVWLJDFLyQGHODIDFXOWDG
$GHFXDFLyQGHOORFDO\HTXL
SDPLHQWRSDUFLDOGHODVRÀFL
QDV GHO &(',)$ \ VX FHQWUR
GH SUR\HFWRV D XQ FRVWR GH
%
3URSXHVWDSDUDODIRUPDFLyQ
GH GRFHQWHV HQ HO iUHD GH
7HFQRORJtD,QGXVWULDO
)RUWDOHFHU OD IRUPDFLyQ GH
GRFHQWHV GH OD HGXFDFLyQ
EiVLFD
6HLQLFLyHOHVWXGLRGHODRIHU
WD\ODGHPDQGDSDUDODFUHD
FLyQGHODFDUUHUD$UWH\7HF
QRORJtD,QGXVWULDOFRQpQIDVLV
HQOD(GXFDFLyQ3ULPDULD
5HFRQRFLPLHQWR D SURIHVR
UHV\HVWXGLDQWHV
3URSLFLDU XQ FDPELR GH DFWL
WXGTXHFRQOOHYHDXQDFXOWX
UDGHFDOLGDG
5HFRQRFLPLHQWRDORV3URIH
VRUHV -XOLR 5RYL -RUJH 5R
GUtJXH] 0RUHQR \ 5LFKDUG
+RO]HU0D\R
5HFRQRFLPLHQWR D SURIH
VRUHVTXHFRPSOHWDURQHQHO
WUHVGpFDGDVGHVHUYL
FLR DFDGpPLFR D OD )DFXOWDG
GH$UTXLWHFWXUD
&HOHEUDFLyQ GHO ž $QLYHU
VDULRGHOD)DFXOWDGGH$UTXL
WHFWXUDGHPD\RGH
([SRVLFLyQGHORVWUDEDMRVGH
OD QXHYD &DUUHUD GH 'LVHxR
GH 0RGDV HQ HO YHVWtEXOR
-XOLR
5HFRQRFLPLHQWR D HVWX
GLDQWHV 6LJPD /DPEGD LQ
FOX\HQGR HO tQGLFH PiV DOWR
GHGHODHVWXGLDQWH-XOLD
(VWpYH]
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWR GH ORV WDOOH
UHV GH OD )DFXOWDG GH$UTXL
WHFWXUD
,QFRUSRUDU QXHYDV WHFQROR
JtDV HQ HO SURFHVR GH HQVH
xDQ]D DSUHQGL]DMH \ OD JHV
WLyQ
$GTXLVLFLyQGHOLFHQFLDVGH
OD QXHYD YHUVLyQ GH$'29(
&5($7,9( 68,7( 0$6
7(5SDUDHO7DOOHUGH9LVXD
OL]DFLyQ \ 5HSUHVHQWDFLyQ
*UiÀFD 7 FRQ UHFXUVRV
GHDXWRJHVWLyQDXQFRVWRGH
% 6H HQFXHQWUD
HQ WUiPLWH OD DGTXLVLFLyQ GH
WDEOHWDVGLJLWDOL]DGRUDVGH
GLEXMRPDQXDO
(TXLSDPLHQWR GHO 7DOOHU GH
3DWURQDMH\&RQIHFFLyQSDUD
OD QXHYD FDUUHUD GH 'LVHxR
GH 0RGDV PHGLDQWH OD DG
TXLVLFLyQ GH FLQFR Pi
TXLQDV GH FRVHU LQGXVWULDOHV
D XQ FRVWR GH %
$FWXDOPHQWH VH WUDPLWD OD
FRPSUD GH PiTXLQDV DGL
FLRQDOHV
(TXLSDPLHQWRGHO7DOOHUGH0H
WDOHVFRQHODSR\RGHOD2ÀFLQD
(MHFXWRUDGH3URJUDPDV
/D SULPHUD IDFXOWDG TXH VH
LQFRUSRUD GH PDQHUD YROXQ
WDULDDOSURFHVRGHPDWUtFXOD
HQOtQHDDSDUWLUGHOVHJXQGR
VHPHVWUHDFDGpPLFR
/DSURIHVRUD%HUWD3RORGLFWDQGRFODVHVDVXVHVWXGLDQWHVGHOD)DFXOWDG
GH$UTXLWHFWXUD
(QWUHJD GH OD RUGHQ GH SUR
FHGHU SDUD HO VXPLQLVWUR H
LQVWDODFLyQGHODVFHQVRUSDUD
SHUVRQDV GLVFDSDFLWDGDV \
PRYLOLGDGUHGXFLGDDXQFRV
WRGH%
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
0HMRUDPLHQWR GH ODV LQVWDOD
FLRQHV
0HMRUDUODVFRQGLFLRQHVSDUD
HO SURFHVR GH HQVHxDQ]D
DSUHQGL]DMH
+DELOLWDFLyQ GH XQ DXODDX
GLWRULR FRQ FDSDFLGDG GH SHUVRQDV
6XVWLWXFLyQ GH ODV YHQWDQDV
GHO WR SLVR GH OD )DFXOWDG
GH $UTXLWHFWXUD FRQ IRQGRV
GHDXWRJHVWLyQDXQFRVWRGH
%
,QVWDODFLyQ GH H[WLQJXLGRUHV
\ OXFHV GH HPHUJHQFLD HQ
SDVLOORV\HVFDOHUDVGHODID
FXOWDG
6HOLFLWDURQORVWUDEDMRVSDUD
OD SLQWXUD GHO YHVWtEXOR \ HO
FDPELR GH ODV YHQWDQDV GHO
žž\žSLVRGHOD)DFXOWDG
FRQIRQGRVGHDXWRJHVWLyQD
XQFRVWRGH%
6H HODERUDURQ ORV DQWHSUR
\HFWRV SDUD OD KDELOLWDFLyQ
HQ HO FXDUWR SLVR GHO HGLÀ
FLR SULQFLSDO GH WUHV DXODV \
VHUYLFLRV VDQLWDULRV SDUD ODV
FODVHV GH PDHVWUtDV \ SRVW
JUDGRV OD UHPRGHODFLyQ GHO
(GLÀFLR 9HQWXUD SDUD XVR
GH OD (VFXHOD GH 'LVHxR GH
0RGDV \ OD FUHDFLyQ GH OD
*DOHUtDGH$UWH\'LVHxRµ/D
%DKDXVµ HQ OD HQWUDGD GH OD
IDFXOWDG
([WHQVLyQ\VHUYLFLR6RFLDO
&UHDU Q~FOHRV JHVWRUHV GH
UHVSRQVDELOLGDGVRFLDO
3UR\HFWR SDUD HO 0HMRUD
PLHQWR GH ODV &RQGLFLRQHV
GH&DOLGDGGH9LGDGHOD&R
PDUFD.XQDGH0DGXQJDQGt
EDMRODFRRUGLQDFLyQGHO3UR
IHVRU*HUPiQ&RQWH
81,9(56,'$''(3$1$0É
)DFXOWDGGH%HOODV$UWHV
3UR\HFWR0HWD5HVXOWDGR
3ODQ GH 0HMRUDPLHQWR GH OD
&DUUHUD GH /LFHQFLDWXUD HQ
%HOODV $UWHV FRQ (VSHFLDOL
]DFLyQHQ'DQ]DFRQeQIDVLV
HQ )RONORUH \ 'DQ]DV GH OD
(WQLD1DFLRQDO
5HGXFLU ODV GHELOLGDGHV GH
WHFWDGDV HQ HO SURFHVR GH
DXWRHYDOXDFLyQGHODFDUUHUD
SDUDODIXWXUDDFUHGLWDFLyQGH
ODPLVPD
$YDQFHDORODUJRGHWRGRHO
DxR
3ODQ GH 0HMRUDPLHQWR GH OD
&DUUHUD GH /LFHQFLDWXUD HQ
%HOODV $UWHV FRQ (VSHFLDOL]D
FLyQHQ0~VLFD
5HGXFLUODVGHELOLGDGHVHPL
WLGDVSRUODYLVLWDGHORVSDUHV
H[WHUQRV SDUD DVt FRPSOH
PHQWDUODIXWXUDDFUHGLWDFLyQ
0HMRUDPLHQWR GXUDQWH HO
WUDQVFXUVRGHWRGRHODxR
-yYHVPXHVWUDQVXFUHDWLYLGDGHQODSLQWXUD
5(1',&,Ð1'(&8(17$6
(VWXGLDQWHGH%HOODV$UWHVWRPDFODVHVGHP~VLFD
3UR\HFWR0HWD5HVXOWDGR
3ODQ GH 0HMRUDPLHQWR GH OD
&DUUHUD GH /LFHQFLDWXUD HQ
%HOODV $UWHV FRQ (VSHFLDOL]D
FLyQHQ$UWH7HDWUDO
3ODQ GH 0HMRUDPLHQWR GH OD
&DUUHUD GH /LFHQFLDWXUD HQ
%HOODV $UWHV FRQ (VSHFLDOL
]DFLyQ HQ$UWHV 9LVXDOHV FRQ
eQIDVLV HQ 'LEXMR \ 3LQWXUD
(VFXOWXUDH,PSUHVLyQ9LVXDO
5HGXFLUFDGDXQDGHODVGH
ELOLGDGHV HPLWLGDV SRU ORV
SDUHVH[WHUQRV\DVtFRPSOH
PHQWDUIXWXUDDFUHGLWDFLyQ
5HGXFLU GHELOLGDGHV GHWHF
WDGDVSRUORVSDUHVH[WHUQRV
HQHOSURFHVRGHDXWRHYDOXD
FLyQGHODFDUUHUDSDUDIXWXUD
DFUHGLWDFLyQ
0HMRUDPLHQWR GXUDQWH HO
WUDQVFXUVRGHWRGRHODxR
0HMRUDPLHQWR GXUDQWH HO
WUDQVFXUVRGHWRGRHODxR
81,9(56,'$''(3$1$0É
)DFXOWDGGH&LHQFLDV$JURSHFXDULDV
3UR\HFWR0HWD5HVXOWDGR
3URPRFLyQGH&DUUHUDV
9LVLWDUFROHJLRVRÀFLDOHV\SUL
YDGRV D QLYHO QDFLRQDO SDUD
SURPRFLRQDU ODV GLIHUHQWHV
FDUUHUDVGHHVWD)DFXOWDG
,PSUHVLyQ \ GLVWULEXFLyQ GH
GHVSOHJDEOHV D FRORU
HQ ODV IHULDV HVWXGLDQWLOHV \
HQ ORV SODQWHOHV GH HGXFD
FLyQPHGLD
$FUHGLWDFLyQGHOD&DUUHUDGH
,QJHQLHUR $JUyQRPR =RRWHF
QLVWD
$FUHGLWDU OD FDUUHUD GH =RR
WHFQLD
/DFDUUHUDGH,QJHQLHUR$JUy
QRPR =RRWHFQLVWD KD VLGR
DFUHGLWDGD SRU OD $JHQFLD G
$FUHGLWDFLyQ &HQWURDPHUL
FDQDGH(GXFDFLyQ6XSHULRU
GH ODV &LHQFLDV$JURDOLPHQ
WDULDV \ 5HFXUVRV 1DWXUDOHV
$&(6$5
'U*XVWDYR*DUFtDGH3DUHGHVGXUDQWHOD([SRVLFLyQGHHPSUHVDVGLVWULEXLGRUDVGHHTXLSRVDJURSHFXDULRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD GH 0DHVWUtD HQ
&LHQFLDV 3HFXDULDV FRQ (V
SHFLDOL]DFLyQ HQ 3URGXFFLyQ
$QLPDO
)RUWDOHFHU DFDGpPLFDPHQWH
HOSURJUDPDGHPDHVWUtD
'HVDUUROOR GH OD PDHVWUtD
VH KD FRQWDGR FRQ OD YLVLWD
GH SURIHVRUHV YLVLWDQWHV GH
XQLYHUVLGDGHV H[WUDQMHUDV
FRPR 'U 5DPyQ *DUFtD
8QLYHUVLGDG$XWyQRPD$JUD
ULD $QWRQLR 1DUUR 0p[LFR
'U-RKDQQ/RW]'U5LFKDUG
7D\ORU8QLYHUVLGDGGH&RVWD
5LFD\HO'U5LFDUGR5RVHUR
1RJXHUD8QLYHUVLGDGGH$Q
WLRTXLD²&RORPELD
6H DSUREy OD 0DHVWUtD HQ
&LHQFLDV GH OD )DPLOLD \ GHO
'HVDUUROOR&RPXQLWDULR
5HDOL]DU SURPRFLRQHV D QL
YHO QDFLRQDO FRQ ORV HJUHVD
GRVGHODFDUUHUD
6H FXHQWD FRQ XQD SUH LQV
FULSFLyQ GH DVSLUDQWHV D
HVWHSURJUDPDGHPDHVWUtD
9LVLWDWpFQLFD
'LYXOJDU ORV DYDQFHV WHFQR
OyJLFRV \ RIHUWDU DO SHTXHxR
\PHGLDQRSURGXFWRUFRQVH
PLOODV FHUWLÀFDGDV GH DUUR]
PDt]OHJXPLQRVDVSDVWRV\
DQLPDOHVERYLQRVGHDOWDJH
QpWLFD GH OD UD]D 6LPEUDK \
%UDKDPDQ
9LVLWDGHSURGXFWRUHVGHO
iUHD HVWH GHO SDtV 'DULpQ
&KHSR 7RUWL &ROyQ &KR
UUHUD\RWURV
'LYXOJDU DYDQFHV WHFQROyJL
FRVGHOD8QLYHUVLGDGGH3D
QDPi
/D $VRFLDFLyQ GH &ULDGRUHV
GH *DQDGR 6LPHQWDO \ 6LP
EUDK GH 3DQDPi HQWUHJy
SODFD GH UHFRQRFLPLHQWR D
OD 8QLYHUVLGDG GH 3DQDPi
FRPR HO 0HMRU &ULDGRU HQ OD
5D]D6LPEUDKHQOD)HULD,Q
WHUQDFLRQDO GH 'DYLG &DEH
GHVWDFDU TXH ORV SUHPLRV
REWHQLGRVSRUOD8QLYHUVLGDG
GH3DQDPiVRQORVPi[LPRV
JDODUGRQHV D TXH DVSLUD XQ
FULDGRU
3DWURQDWR )HULD ,QWHUQDFLRQDO
GH'DYLG
6H PDQWLHQH HO 3URJUDPD
GH 5DGLR $PDQHFHU $JUR
SHFXDULR SDUD GLYXOJDU ODV
DFWLYLGDGHV TXH UHDOL]D OD
8QLYHUVLGDGGH3DQDPi\HQ
SDUWLFXODUODIDFXOWDG
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UHPLRVREWHQLGRVHQHOMX]
JDPLHQWR
+HPEUDVGHOD5D]D6LPEUDK
0LVV&HLDFKL
*UDQ&DPSHRQD
0LVV&HLDFKL
&DPSHRQD,QWHUPHGLD
0DFKRVGHOD5D]D6LPEUDK
0LVWHU&HLDFKL
*UDQ&DPSHyQ
0LVWHU&HLDFKL
5HVHUYDGH*UDQ&DPSHyQ
3UHPLRVRWRUJDGRVDOD8QLYHUVLGDGGH3DQDPiHQHO-X]JDPLHQWRGH
JDQDGRHQGRQGHVHREWXYRHO*UDQ&DPSHyQ\*UDQ&DPSHRQDGHOD
5D]D6LPEUDKHQOD)HULD,QWHUQDFLRQDOGH'DYLG
,,,)HULD$JUR6DOXG0LQLVWHULR
GH6DOXG8QLYHUVLGDGGH3D
QDPi
%ULQGDU DVLVWHQFLD PpGLFD D
HVWXGLDQWHV GRFHQWHV DG
PLQLVWUDWLYRV\PRUDGRUHVGH
&RUUHJLPLHQWRGH&KLULTXt
/D 8QLYHUVLGDG GH 3DQDPi
IXH SUHVWLJLDGD SRU HO 3DWUR
QDWRGHOD)HULD,QWHUQDFLRQDO
GH 'DYLG DO VHU HOHFWD SDUD
SUHVLGLUVXSDWURQDWRGXUDQWH
HOSHUtRGR
6H EULQGy VHUYLFLRV GH DWHQ
FLyQGHPHGLFLQDJHQHUDOHQ
IHUPHUtDIDUPDFLDQXWULFLyQ
SVLFRORJtD WRPD GH VLJQRV
YLWDOHV SHVR WDOOD UHYLVLyQ
RGRQWROyJLFD YDFXQDFLyQ
SUXHEDVGHSDS\H[iPHQHV
GHSUyVWDWD
(QHVWDDFWLYLGDGVHDWHQGLy
XQ Q~PHUR VLJQLÀFDWLYR GH
HVWXGLDQWHV GRFHQWHV \ DG
PLQLVWUDWLYRV
3URJUDPD GH FDSDFLWDFLyQ
HGXFDFLyQFRQWLQXD
&DSDFLWDUDSHTXHxRV\PH
GLDQRV JDQDGHURV HQ ]RQDV
GHH[WUHPDSREUH]D
6H UHDOL]DQ JLUDV GH WUDEDMR
DFRPXQLGDGHVLQGtJHQDVGH
%DKXSXQR SDUD OD FDSDFLWD
FLyQ \ PHMRUDPLHQWR GH YLGD
GHVXVKDELWDQWHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
6H GHVDUUROOD 'LSORPDGR GH
,PSDFWR$PELHQWDOHQODV&D
WHJRUtDV,,,\,,,
6H FDSDFLWDURQ D DPDV GH
FDVDHQODSURGXFFLyQGHDU
WHVDQtDV FRQVHUYDV IRUPX
ODFLyQGHGLHWDVEDODQFHDGDV
\SODQLÀFDFLyQIDPLOLDUHQODV
FRPXQLGDGHV GH &KRUFKD
%LMDJXDO %RFD GHO 0RQWH HQ
OD3URYLQFLDGH&KLULTXt\HQ
OD&RPDUFD1JREH%XJOH
0RYLOLGDGHVWXGLDQWLO
3URPRYHU HO LQWHUFDPELR FXO
WXUDO HQWUH HVWXGLDQWHV GH GL
IHUHQWHV SDtVHV D WUDYpV GH
FRQYHQLRVWpFQLFRVFXOWXUDOHV
3DVDQWtD GH HVWXGLDQWHV
GHO ,QVWLWXWR 7HFQROyJLFR GH
$QWLRTXLD&RORPELD
3DVDQWtDGHGRVHVWXGLDQWHV
GH OD (VFXHOD ,QWHUQDFLRQDO
GH*DQDGHUtDGH1LFDUDJXD
9LVLWD GH XQ HVWXGLDQWHV GH
OD 8QLYHUVLGDG GH 9DOHQFLD
(VSDxD
3DVDQWtD GH OD HVWXGLDQWHV
<RYDQD 0DUWtQH] GH QXHVWUD
)DFXOWDGDOD8QLYHUVLGDGGH
&X\RV$UJHQWLQD
$FWLYLGDGHVHVWXGLDQWLOHV´$X
GLHQFLD)RUHVWDOµ
,QYROXFUDU D ORV HVWXGLDQ
WHV HQ OD SUREOHPiWLFD DP
ELHQWDO SDUD TXH ORV PLVPRV
SURPXHYDQ \ VHDQ IDFWRU GH
FDPELRHQODVRFLHGDG
6H VHQVLELOL]y D OD FRPXQL
GDG IRUHVWDO \ VRFLHGDG FLYLO
HQ WRUQR D OD SUREOHPiWLFD \
JREHUQDQ]DIRUHVWDO
$FRQGLFLRQDPLHQWR GH ODV
LQVWDODFLRQHV
0HMRUDU ODV LQIUDHVWUXFWXUDV
GHODIDFXOWDGSDUDXQPHMRU
GHVDUUROOR DFDGpPLFR ² DG
PLQLVWUDWLYR
&RQFOX\yODUHPRGHODFLyQGHOD
SODQWDDOWDGHORVHGLÀFLRVGHOD
)DFXOWDGHQHO&DPSXV\ORVED
xRVGHGDPDV\FDEDOOHURVSRU
XQPRQWRGH%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
6H DGTXLULHURQ FXDWUR DLUHV
DFRQGLFLRQDGRV VSOLW SDUD
DXODV \ HO ODERUDWRULR GH LQ
IRUPiWLFD
6H SLQWDURQ ODV DXODV GH
FODVHV RÀFLQDV \ SDVLOOR GH
HVWDVLQIUDHVWUXFWXUDVHQ3D
QDPi\&KLULTXt
(QWUHJD GH SODFD GH UHFRQRFLPLHQWR D OD 8QLYHUVLGDG GH 3DQDPi
FRPRHO0HMRU&ULDGRUHQOD5D]D6LPEUDK
$FRQGLFLRQDPLHQWR GH LQVWD
ODFLRQHV
0HMRUDU ODV LQIUDHVWUXFWXUDV
GHODIDFXOWDG
(O/DERUDWRULRGH,QIRUPiWLFD
VHUHPRGHOy\VHFRQIHFFLR
QDURQQXHYDVPHVDVSDUD
FRPSXWDGRUDV VH LQVWDOy XQ
VLVWHPD HOpFWULFR QXHYR VH
DGLFLRQDURQQXHYDVFRP
SXWDGRUDV \ VH DGTXLULHURQ
VLOODVSOHJDEOHV
5HPRGHODFLyQGHODFDIHWHUtD
FLHORUDVR\SLQWXUDDPSOLD
FLyQ GH FRFLQD DGTXLVLFLyQ
GHHVWXIDV\PHVDVGHWUDED
MR RÀFLQDV SDUD DGPLQLVWUD
FLyQ GH OD FDIHWHUtD ,QVWDOD
FLyQGHDFRQGLFLRQDGRUHV
GHDLUHVSOLWGHEWX
&RQVWUXFFLyQ GH OD (VFXHOD
GH5HSURGXFFLyQ$QLPDO
&RQVWUXFFLyQ GH YLYHUR SDUD
SODQWDVRUQDPHQWDOHV
/D8QLYHUVLGDGGH3DQDPiIXHSUHVWLJLDGDSRUHO3DWURQDWRGHOD)HULD
,QWHUQDFLRQDOGH'DYLGDOVHUHOHFWDSDUDSUHVLGLUVXSDWURQDWRGXUDQWH
HOSHUtRGR
&RQVWUXFFLyQ GH QXHYDV JD
OHUDV SDUD HVWDEORV GH DQL
PDOHVGHDOWDJHQpWLFDSDUD
SUHVHQWDFLyQHQODIHULD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(TXLSDPLHQWR
0HMRUDUODVFRQGLFLRQHVSDUD
GRFHQFLD LQYHVWLJDFLyQ \
SURGXFFLyQ FRQ OD DGTXLVL
FLyQ GH HTXLSRV GH RÀFLQDV
\RWURV
$GTXLVLFLyQ GH HTXLSR DJUt
FROD FKDSLDGRUD SLFDGRUD
GHSDVWRYROHDGRUDEiVFXOD
GLJLWDO SDUD JDQDGR ERYLQR
PRWRFXOWRU UDVWUD VHPEUD
GRUDDERQDGRUD
(TXLSRV GH ODERUDWRULR PL
FURVFRSLRV HVWHUHRVFRSLRV
HVSHFWURIRWyPHWURPLFURFHQ
WUtIXJDXOWUDVRQLGRDQDOL]DGRU
KHPDWROyJLFRJOXFyPHWURV
$GTXLVLFLyQ GH FRPSXWDGR
UDVPXOWLPHGLDIRWRFRSLDGR
UDVLPSUHVRUDV
$JUtFROD
$EDVWHFHU ODV &DIHWHUtDV
8QLYHUVLWDULDV FRQ DUUR] \
JHQHUDFLyQGHLQJUHVRVSDUD
PHMRUDPLHQWRLQVWLWXFLRQDO
6LHPEUDGHDUUR]FRPHUFLDO
\KHFWiUHDVGHDUUR]SDUD
VHPLOOD6LHPEUDGHKHF
WiUHDV GH PDt] SDUD DEDV
WHFLPLHQWR D ORV SURJUDPDV
SHFXDULRVDYHVFHUGRVJD
QDGRGHOHFKH
6LHPEUDGHKHFWiUHDVGH
VRUJR
6LHPEUD GH KHFWiUHDV GH
SDVWRVZDVLSDUDSURGXFFLyQGH
SDFDVGXUDQWHODHVWDFLyQVHFD
3HFXDULRV DYtFROD SRUFLQR
FUtD\FHEDFDSULQRDStFROD
OHFKHUtD
([SDQGLUORVHVSDFLRVGHSUR
GXFFLyQ GH DYHV FHUGRV FD
EUDVJDQDGRYDFXQR\DEHMDV
6HDXPHQWyODFDSDFLGDGGH
SURGXFFLyQ SDUD VXSOLU ODV
QHFHVLGDGHV GH ODV FDIHWH
UtDV XQLYHUVLWDULDV DEDVWH
FLHQGR OLEUDV GH SR
OORVOLEUDVGHFHUGRV\
OLEUDVGHFDUQHGHUHV
SRUVHPDQD
6HDGTXLULyXQSLHGHFUtDGH
FDEUDV\XQVHPHQWDO
81,9(56,'$''(3$1$0É
)DFXOWDGGH&LHQFLDVGHOD(GXFDFLyQ
3UR\HFWR0HWD5HVXOWDGR
'LVHxR GHO 3URJUDPD GH (V
SHFLDOL]DFLyQ HQ 0HGLDFLyQ
(VFRODU\5HVROXFLyQGH&RQ
ÁLFWRV
$SUREDFLyQGHO3URJUDPDHQ
PRGDOLGDGSUHVHQFLDO
'RFWRUDGRHQ(GXFDFLyQ
'LVHxR GHO GRFWRUDGR SDUD
VX DSUREDFLyQ HQ SUy[LPRV
&RQVHMRV$FDGpPLFRV
7DOOHUGHDQiOLVLVGHFRQWHQL
GRVGHO)DFWRUGH'HVDUUROOR
&XUULFXODUHQHOPDUFRGHOD
$XWRHYDOXDFLyQ GHO 3URIHVR
UDGRHQ(GXFDFLyQ
'HVDUUROOR GHO 7DOOHU GH
$QiOLVLV GH &RQWHQLGRV GHO
SURIHVRUDGR HQ HGXFDFLyQ
UHODFLRQDGR FRQ HO GHSDUWD
PHQWR
8Q ,QIRUPH FRQ ORV UHVXOWD
GRVREWHQLGRVHQHOWDOOHUGH
DQiOLVLVGHFRQWHQLGRV
(YDOXDFLyQ GH ODV FDUUHUDV
GH OD /LFHQFLDWXUD HQ &LHQ
FLDVGHOD(GXFDFLyQFRQpQ
IDVLV HQ (GXFDFLyQ 3ULPDULD
\ HO 3URIHVRUDGR HQ 'RFHQ
FLD0HGLD'LYHUVLÀFDGD
,PSOHPHQWDFLyQ GHO SODQ GH
PHMRUDV SDUD ODV FDUUHUDV
HYDOXDGDV
(VWDVFDUUHUDVDWLHQGHQDOSODQ
GHPHMRUDVSDUDODDFUHGLWDFLyQ
3URFHVR GH DXWRHYDOXDFLyQ
SDUD ODV FDUUHUDV GH OD /L
FHQFLDWXUD HQ &LHQFLDV GH
OD (GXFDFLyQ FRQ pQIDVLV HQ
(GXFDFLyQ 3UHHVFRODU FRQ
(VSHFLDOL]DFLyQ HQ 2ULHQWD
FLyQ(GXFDWLYD\3URIHVLRQDO\
HO3URIHVRUDGRHQ(GXFDFLyQ
$XWRHYDOXDFLyQ GH ODV FD
UUHUDVSRUSDUWHGHORVSDUHV
H[WHUQRV
,QIRUP GLDJQyVWLFR GH OD GH
PDQGDGHODFDUUHUD
3URJUDPDV GH 3RVWJUDGRV \
0DHVWUtD
'HVDUUROORGHQXHYRVSURJUD
PDV GH SRVWJUDGRV \ PDHV
WUtDV
SRVWJUDGRV \ PDHVWUtDV
HQ'RFHQFLD6XSHULRU
PDHVWUtDV HQ 3VLFRSHGDJR
JtD HQ 2ULHQWDFLyQ \ &RQ
VHMHUtD HQ $GPLQLVWUDFLyQ
(GXFDWLYD'LGiFWLFD3RVW
JUDGR HQ (GXFDFLyQ 3REOD
FLyQ 6H[XDOLGDG \ 'HVDUUROOR
+XPDQRTXLQWDRSFLyQFRPR
GH7UDEDMRGH*UDGXDFLyQ
'RFXPHQWRFUHDGRFRQHO'L
VHxR &XUULFXODU GHO 3URJUD
PDGHO,QVWLWXWRHQ1HJRFLD
FLyQ&RQÁLFWRV0HGLDFLyQ\
$UELWUDMH FRQMXQWDPHQWH FRQ
OD)DFXOWDGGH&LHQFLDVGHOD
(GXFDFLyQ
'LVHxRGHORVSURJUDPDVVLQ
WpWLFRV GH FDGD iUHD GH HV
SHFLDOLGDG
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD GH GLYXOJDFLyQ \
SURPRFLyQ GH OD RIHUWD DFD
GpPLFDGHODIDFXOWDG
'LYXOJDFLyQGHODRIHUWDDFD
GpPLFDDWUDYpVGHODSiJLQD
ZHE\RWURVPHGLRV
6HORJUyODGLYXOJDU\SURPR
YHU OD RIHUWD DFDGpPLFD HQ
ORVFHQWURVHGXFDWLYRVJXtDV
DÀFKHVWUtSWLFRV\YRODQWHV
, &RQJUHVR ,EHURDPHULFDQR
GH (GXFDFLyQ 6XSHULRU HQ
3RUWRYLHMR(FXDGRU
3DUWLFLSDU HQ HO &RQJUHVR
,EHURDPHULFDQR
6H ORJUy OD SDUWLFLSDFLyQ GH
FXDWURGRFHQWHVGHODIDFXOWDG
FRQSRQHQFLDV
;9,,,$VDPEOHD\,,,&RQJUH
VR +XPDQtVWLFR (GXFDFLRQDO
GH OD &RQIHGHUDFLyQ GH )D
FXOWDGHV +XPDQtVWLFDV GH
&HQWURDPpULFD
3DUWLFLSDU HQ OD $VDPEOHD \
HQHO&RQJUHVRUHDOL]DGRHQ
6DQWR 'RPLQJR 5HS~EOLFD
'RPLQLFDQD
/D IDFXOWDG IXH UHSUHVHQWDGD
\ HQ OD PLVPD VH DWHQGLy OD
DJHQGD
3URSXHVWDGHOOLEUR´$SRUWHV
7HyULFRV0HWRGROyJLFRVSDUD
HO'LVHxR&XUULFXODU8QLYHUVL
WDULRµ
9DOLGDFLyQGHOOLEURSRUSDUWL
FLSDQWHVGH3RVWJUDGR
(QIDVHGHHGLFLyQ
3URSXHVWDGHGLSORPDGRVYLU
WXDOHVHQGLYHUVDViUHDV
3URSXHVWDV GH GLSORPDGRV
YLUWXDOHVHQ2ULHQWDFLyQ(GX
FDWLYD\3URIHVLRQDO\GH3H
GDJRJtD
3ULPHUWDOOHUHQHODXODPXOWL
PHGLDFRQORVGRFHQWHV
&RQIHUHQFLDV\VHPLQDULRV
)RUWDOHFHU OD IRUPDFLyQ GHO
SHUVRQDOGRFHQWH
0HMRUDHQORVSURFHGLPLHQWRV
GLGiFWLFRV SDUD OD HQVHxDQ]D
\HODSUHQGL]DMH
6HPLQDULR7DOOHU
(ODERUDFLyQ GH 3URJUDPDV
$QDOtWLFRVµSDUDOD/LFHQFLD
WXUDHQ(GXFDFLyQ3ULPDULD\
HOSURIHVRUDGRHQ(GXFDFLyQ
0HGLD'LYHUVLÀFDGD
2FKHQWD \ GRV GRFHQWHV
FDSDFLWDGRV
-RUQDGD GH FDSDFLWDFLyQ HQ
WHFQRORJtDGHODLQIRUPDFLyQ
\GHODFRPXQLFDFLyQ7,&6
'RPLQDU ODV QXHYDV WHFQR
ORJtDVGHODLQIRUPDFLyQ\OD
FRPXQLFDFLyQ
GRFHQWHVDSUREDGRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
-RUQDGD7DOOHUFDSDFLWDFLyQ
HQ ODV QXHYDV PHWRGRORJtDV
HQODHODERUDFLyQGHSURJUD
PDVSRUFRPSHWHQFLDV
&DSDFLWDUDGRFHQWHV
(ODERUDFLyQGHORVSURJUDPDV
DQDOtWLFRVSRUFRPSHWHQFLDV
3URJUDPDVHPLSUHVHQFLDOGH
OD/LFHQFLDWXUDHQ(GXFDFLyQ
SDUD ORV HVWXGLDQWHV GH OD
&RPDUFD.XQD<DOD8VWXSX
&DUWt\1DUJDQi
,PSOHPHQWDU OD PRGDOLGDG
VHPLSUHVHQFLDO
6HDOFDQ]yXQDSREODFLyQHV
WXGLDQWLOGHHVWXGLDQWHV
7DOOHU´8VR\0DQHMRGHO0D
QXDO GH *HVWLyQ GHO 5LHVJR
SDUD 'RFHQWHV GH OD %iVLFD
*HQHUDOµ
(ODERUDFLyQ GHO 0DQXDO GH
*HVWLyQGHO5LHVJRSDUD'R
FHQWHVGHOD%iVLFD*HQHUDO
3DUWLFLSDFLyQ GH GRFHQWHV \
IXQFLRQDULRV DGPLQLVWUDWLYRV
GHHVWDXQLGDG
,QVHUFLyQ ODERUDO GH ORV SVL
FRSHGDJRJRV HQ ORV *DEL
QHWHV 3VLFRSHGDJyJLFRV GHO
0LQLVWHULRGH(GXFDFLyQ
/RJUDU HO QRPEUDPLHQWR GH
ORV SURIHVLRQDOHV QXHVWUDV
FDUUHUDV HQ ORV *DELQHWHV
3VLFRSHGDJyJLFRV
$FXHUGRVIDYRUDEOHVFRQHO'L
UHFWRU1DFLRQDOGH(GXFDFLyQ
GHO0LQLVWHULRGH(GXFDFLyQ
$WHQFLyQ D QHFHVLGDGHV HQ
FHQWURV HGXFDWLYRV GH HGX
FDFLyQ SULPDULD HQ HO SDtV
YLROHQFLD HQ OD IDPLOLD DOID
EHWL]DFLyQGHODGXOWRHQ.XQD
1HJD SDWHUQLGDG SRVLWLYD
KXHUWR HVFRODU LPSRUWDQFLD
GHODELEOLRWHFD\XVRGHUH
FXUVRVGLGiFWLFRV\PRELOLDULR
SDUD QLxRV FRQ QHFHVLGDGHV
HGXFDWLYDVHVSHFLDOHV
'HVDUUROODU SURJUDPDV TXH
EHQHÀFLHQDODSREODFLyQFRQ
DSRUWHV LPSRUWDQWHV HQ OD
E~VTXHGD GH FDPELRV HIHF
WLYRV D VXV SUREOHPDV PiV
FRPXQHV
3DUWLFLSDFLyQ GH ORV DFWRUHV
VRFLDOHV PiV UHOHYDQWHV GHO
SURFHVR HGXFDWLYR FXHUSR
GRFHQWHHVWXGLDQWHV\FRPX
QLGDG HQ ORV GLIHUHQWHV SUR
\HFWRV
3HUIHFFLRQDPLHQWR GHO 5H
FXUVR+XPDQR
'RPLQLR GH FRQRFLPLHQWRV \
GHVDUUROOR GH KDELOLGDGHV HQ
FDGDXQRGHORVSURFHVRVDX
WRPDWL]DGRVTXHVHPDQHMDQ
HQODVGLIHUHQWHVXQLGDGHV
$SHUWXUD \ FDPELR GH DFWLWX
GHV
GHO SHUVRQDO DGPLQLV
WUDWLYR IXH FDSDFLWDGR HQ HO
PDQHMR GH SURJUDPDV GH
FRPSXWDGRUDV\HQODDFWXD
OL]DFLyQSDUDHODFFHVRDOVLV
WHPDGH3DQDPi&RPSUDV\
HQHOQXHYRSURJUDPDSDUDOD
FDSWXUDGHORVELHQHVDGTXL
ULGRV\GHGHVFDUWH
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH&LHQFLDV1DWXUDOHV([DFWDV\7HFQRORJtD
3UR\HFWR0HWD5HVXOWDGR
)XQFLRQDPLHQWRGHODV8QLGD
GHVGHOD)DFXOWDG
&XEULUODVQHFHVLGDGHVGH
XQLGDGHV DFDGpPLFDV \ DG
PLQLVWUDWLYDVGHODIDFXOWDG
(MHFXFLyQGHO
TXLQDULD\HTXLSRV
(MHFXFLyQGHO
$WHQGHUHOSURFHVRGHPDWUt
FXODGHORVHVWXGLDQWHVGHOD
IDFXOWDG
‡
‡
‡
‡
‡
7RPDGHPXHVWUDH[WUDFFLyQGHVDQJUHSRUFDSLODU
2IHUWDDFDGpPLFD
3URPRFLyQGHFDUUHUDVGH
SUHJUDGR\DFWLYLGDGHVGHOD
IDFXOWDG
0DWUtFXODGHHVWXGLDQWHV
HQ HO SULPHU VHPHVWUH
GH(VWXGLDQWHVGH
5HLQJUHVR3ULPHU
,QJUHVR
6H FRQWUDWDURQ GR
FHQWHV SDUD DWHQGHU ORV
FXUVRV GH OD FDUUHUD GH
OD)DFXOWDG\GHVHUYLFLRV
GHO3ULPHU6HPHVWUHGH
5HFDXGDGR%
0DWUtFXODGHHVWXGLDQWHV
HQHOVHJXQGRVHPHVWUH
GHHVWXGLDQ
WHV
6HFRQWUDWDURQGRFHQ
WHVSDUDDWHQGHUORVFXU
VRV GH OD FDUUHUD GH OD
)DFXOWDG \ GH VHUYLFLRV
GHO VHJXQGR VHPHVWUH
GH
6H HIHFWXDURQ YHLQWLQXHYH
YLVLWDV D GLVWLQWRV FR
OHJLRV GH GLIHUHQWHV SURYLQ
FLDV \ D XQD IHULD GHO 0(
'8&$ 6H SDJy HQ YLiWLFRV
% \ WUDQVSRUWH \
FRPEXVWLEOH%
6H HQWUHJDURQ WUtSWLFRV GH
ODV FDUUHUDV HQ ORV GLVWLQWRV
FROHJLRVGHOSDtVFRQODRIHU
WD HGXFDWLYD GH OD IDFXOWDG
&RVWR%
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3HUIHFFLRQDPLHQWR \ DFWXDOL
]DFLyQGRFHQWH
3URJUDPDVGHDFWXDOL]DFLyQ
(QGRSDUiVLWRVGLJHVWLYRVHQFRQWUDGRV
6H UHFLELy % GH
LQJUHVRVGHFXUVRVSUiFWLFDV
HLQVFULSFLRQHV
6HOHEULQGyDSR\RHFRQyPL
FRDSURIHVRUHVSDUDTXH
SDUWLFLSDUDQ HQ VHPLQDULRV \
FRQJUHVRVGHDFWXDOL]DFLyQ
9LVLWDV GH SDUHV H[WHUQRV
SDUD OD HYDOXDFLyQ GH OD FD
UUHUDGH0DWHPiWLFD(VWDV
HURJDFLRQHV IXHURQ SRU XQ
PRQWRGH%
2QFHHVWXGLDQWHVGHGLIHUHQ
WHV HVFXHODV UHFLELHURQ DSR
\RHFRQyPLFRSDUDTXHSDUWL
FLSDUDQHQJLUDVDFDGpPLFDV
\ GHSRUWLYDV IXHUD GHO SDtV
SRUXQPRQWRGH%
3ODQ GH (GXFDFLyQ &RQWLQXD
)$&,1(70('8&$
0HMRUDPLHQWR GH OD FDOLGDG
GH OD HQVHxDQ]D DFDGpPLFD
GLVPLQXLU ORV IUDFDVRV HVFR
ODUHV
6H KDQ FDSDFLWDGR GRFHQWHV GHO QLYHO SULPD
ULR 6H UHJLVWUR LQJUHVRV SRU
%
6H SDJy ODV GLUHFFLRQHV MH
IDWXUDV\DOSHUVRQDODGPLQLV
WUDWLYRHYHQWXDOXQPRQWRGH
%
6HSDJySRUJLUDVGH0('8
&$ OD VXPD GH %
YLiWLFRV % \ FRP
EXVWLEOH%
$FWXDOL]DFLyQ GHO SODQ GH HV
WXGLRV GH OD /LFHQFLDWXUD HQ
)tVLFD
$SUREDFLyQGHOSODQGHHVWX
GLRV DFWXDOL]DGD SDUD LQLFLDU
HQHO
3UHVHQWDFLyQGHODSURSXHVWD
GH DFWXDOL]DFLyQ GHO SODQ GH
HVWXGLRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&UHDFLyQ GH OD /LFHQFLDWXUD
HQ,QJHQLHUtD*HROyJLFD
$SUREDFLyQGHOSODQGHHVWX
GLRVSDUDLQLFLDUHQHO
(OSODQGHHVWXGLRVIXHDSUR
EDGR\VHLQLFLyODFDUUHUDHQ
WXUQRGLXUQR
'HVDUUROOR DGPLQLVWUDWLYR GHO
SODQGHPHMRUDPLHQWRGHOD/L
FHQFLDWXUDHQ)tVLFD
$FWXDOL]DFLyQGHOSODQGHHV
WXGLRV
$YDQFH HQ OD SURSXHVWD GHO
SODQGHHVWXGLRVGHOD/LFHQ
FLDWXUDHQ)tVLFD
&UHDFLyQGHSiJLQDZHE
,QFXUVLRQDU FRQ ODV QXHYDV
WHFQRORJtDV
6H FUHy OD SiJLQD ZHE FRQ
LQIRUPDFLyQ GHO SODQ GH HV
WXGLRVHJUHVDGRVSUR\HFWRV
GHWHVLV
,QIUDHVWUXFWXUD\HTXLSRV
0HMRUDPLHQWR GH SODQWD ItVL
FDODERUDWRULRVELEOLRWHFD
6H HVWi PHMRUDQGR OD ELEOLR
WHFD VDOyQ GH HVWXGLRV \
HVSDFLR SDUD OD DVRFLDFLyQ
GHHVWXGLDQWHVSLQWXUDHLOX
PLQDFLyQ \ VH REWXYLHURQ QXHYDVFRPSXWDGRUDV
0HMRUDPLHQWRGHORVODERUDWR
ULRVGHTXtPLFD
'RWDUDODODVHVFXHODV
FRQPDWHULDOHV\HTXLSRV
6HKL]RXQSHGLGRGHHTXLSRV
\PDWHULDOHVEiVLFRVSDUDORV
ODERUDWRULRV
0LWLJDFLyQGHULHVJRVHQODID
FXOWDG
&DSDFLWDU DO SHUVRQDO DGPL
QLVWUDWLYRHQHOWHPDGHGHV
DORMR GH ORV UHDFWLYRV GHO DO
PDFpQGHFLHQFLDV
6H UHDOL]DURQ UHXQLRQHV GH
OD &RPLVLyQ GH 5HDFWLYRV
3HOLJURVRVSDUDOOHYDUDFDER
HO GHVDORMR GH ORV SURGXFWRV
TXtPLFRVGHODOPDFpQ
3XEOLFDFLyQGHUHYLVWD
5HDOL]DU GRV SXEOLFDFLRQHV
SRUDxR
6H UHDOL]y OD SXEOLFDFLyQ GH
OD 5HYLVWD 7HFQRFLHQFLD 7L
UDMH GH HMHPSODUHV SRU
UHYLVWD'RVQ~PHURVDODxR
9RO1ž\9RO
1ž
$QiOLVLV GH PXHVWUDV GH
DJXDV
5HFROHFWDU \ DQDOL]DU PXHV
WUDV DPELHQWDOHV \ ELROyJL
FDV
'HWHFFLyQ GH SDUiVLWRV HQ
PXHVWUDV ELROyJLFDV \ DP
ELHQWDOHV
%DVHGHGDWRVHQZZZSDUD
VLWRORJtDDPELHQWDOFRP
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
7UDQVIRUPDFLyQ&XUULFXODU
)RGDDODVFDUUHUDVGHOLFHQ
FLDWXUDGHODIDFXOWDG
6H UHFLELy HO LQIRUPH GH ORV
SDUHV H[WHUQRV FRQ ODV RE
VHUYDFLRQHVDOSODQGHPHMR
UDPLHQWRGHODVFDUUHUDV
0RGHUQL]DFLyQ \ HTXLSDPLHQ
WRGHORVODERUDWRULRV
(TXLSDUORVODERUDWRULRVTXH
EULQGDQVHUYLFLRVDOD8QLYHU
VLGDGGH3DQDPi
6H DGTXLULy PRELOLDULR SDUD
HTXLSRV GH FRPSXWDGRUDV
SRU % HTXLSRV GH
FRPSXWDGRUDSRU%
\ RWURV HTXLSRV SRU %
&XUVRV GH 1LYHODFLyQ \ 3UR
SHGpXWLFR \ 6HPLQDULRV
&RPR RSFLyQ GH 7UDEDMR GH
*UDGXDFLyQ
$ÀDQ]DU ORV FRQRFLPLHQWRV
GHORVHVWXGLDQWHVGHSULPHU
LQJUHVRHQHOiUHDFLHQWtÀFD
HVWXGLDQWHVEHQHÀFLDGRV
5HFDXGDGR%
3URPRYHUGHODVFDUUHUDVGH
OD)DFXOWDG
FROHJLRVS~EOLFRV\SULYD
GRVYLVLWDGRV
)HULD3URSHGpXWLFD
3UHSDUDU D ORV HVWXGLDQWHV
TXH GHVHDQ LQJUHVDU D ODV
FDUUHUDVGHOiUHDFLHQWtÀFD
&KDUODDHVWXGLDQWHVGHHVFXHODVVHFXQGDULDVFRPRSDUWHGHOSURJUDPDGHSURPRFLyQGHODVFDUUHUDV
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH&RPXQLFDFLyQ6RFLDO
3UR\HFWR0HWD5HVXOWDGR
9DOLGDFLyQ GH OD &DUUHUD GH
3HULRGLVPR \ 5HODFLRQHV 3~
EOLFDVDWUDYpVGHODDFUHGLWD
FLyQ
$FUHGLWDFLyQGHODV&DUUHUDV
(QSURFHVRGHFXPSOLUFRQHO
SODQ GH PHMRUDPLHQWR SDUD
UHFLELU OD DFUHGLWDFLyQ (VWD
PRVDXQGHOSURFHVR
&DSDFLWDFLyQDGRFHQWHV
&DSDFLWDUDOSHUVRQDODFDGp
PLFR GH HVWD XQLGDG HQ ORV
~OWLPRV DYDQFHV WHFQROyJL
FRV TXH H[LVWHQ HQ QXHVWUR
&HQWUR$XGLRYLVXDO
6H FDSDFLWDURQ D PiV GH
GRFHQWHV HQ HO iUHD GH
FRPXQLFDFLyQ GHO FDPSXV
FHQWUDO \ ORV &HQWURV 5HJLR
QDOHV
'RQDFLyQGHHTXLSRVD&HQWUR
5HJLRQDO 8QLYHUVLWDULR GH 9H
UDJXDV
$SR\DU D RWUDV XQLGDGHV
DFDGpPLFDV
% DQXDOHV HQ
HTXLSRV GH FRPXQLFDFLyQ \
WHFQRORJtD
1XHYRGLSORPDGR
2IHUWDV GH SRVWJUDGR GLULJL
GDVDSURIHVLRQDOHVGHOiUHD
GH3HULRGLVPR\(FRQRPtD
,,,0HVD5HGRQGD6REUH)~W
ERO ´0XQGLDO GH )~WERO 6XGi
IULFDµ
$FWLYLGDG DFDGpPLFD \ GH
SRUWLYDSDUDHVSHFLDOLVWDVGHO
iUHD GH SHULRGLVPR GHSRUWL
YR\HVWXGLDQWHVDPDQWHVGHO
GHSRUWH
'LSORPDGR ,QWHUQDFLRQDO GH
3HULRGLVPR (FRQyPLFRµ SD
WURFLQDGRSRUHO%%9$
3DUWLFLSDURQ 3HULRGLVWDV GH
SRUWLYRVGHUDGLRWHOHYLVLyQ\
SUHQVDHVFULWD\PiVGH
SURIHVLRQDOHV\HVWXGLDQWHV
1LJJD HQ OD 8QLYHUVLGDG GH
3DQDPi
,QYLWDU D WRGD OD FRPXQLGDG
XQLYHUVLWDULD D SDUWLFLSDU GH
OD HQWUHJD GH XQD SODFD GH
UHFRQRFLPLHQWRDODUWLVWD)p
OL[*yPH]
'RFHQWHV DGPLQLVWUDWLYRV \
HVWXGLDQWHV VH GLHURQ FLWD
SDUD HVFXFKDU DO FDQWDQ
WH SDQDPHxR )pOL[ *yPH]
PHMRUFRQRFLGRFRPR1LJJD
TXLHQVHSUHVHQWyHQHO7HD
WUR8QLYHUVLWDULRDO$LUH/LEUH
78$/
5DGLR (VWpUHR 8QLYHUVLGDG
)0
3URGXFLU SURJUDPDV DFDGp
PLFRVFXOWXUDOHV\GHH[WHQ
VLyQ
(Q OD DFWXDOLGDG VH WUDQV
PLWHQ TXLQFH SURJUDPDV
SURGXFLGRV SRU GLIHUHQWHV
IDFXOWDGHV \ FHQWURV GH LQ
YHVWLJDFLyQ GH OD 8QLYHUVL
GDGGH3DQDPi
81,9(56,'$''(3$1$0É
(O9LFHUUHFWRU(OGLV%DUQHV\HOSURIHVRU$UWXUR&ROH\KDFHQHQWUHJDGHSODFDGHUHFRQRFLPLHQWRD1LJJD
3UR\HFWR0HWD5HVXOWDGR
7DOOHUHVVDEDWLQRV
&DSDFLWDU D ORV HVWX
GLDQWHVHQGLYHUVDViUHDVGH
ODFRPXQLFDFLyQ
6H GLFWDURQ WDOOHUHV GH (GL
FLyQ GLJLWDO QR /LQHDO ,OXPL
QDFLyQ\5HGDFFLyQ3HULRGtV
WLFD SDUD 5DGLR \7HOHYLVLyQ
)RWRJUDItD )RQRDXGLRORJtD
\2SHUDFLyQGH&iPDUDVGH
79 /RV PLVPRV VH RIUHFHQ
JUDWXLWDPHQWH
0HMRUDVGHLQIUDHVWUXFWXUD
'RWDU D OD IDFXOWDG GH WRGDV
ODV KHUUDPLHQWDV QHFHVDULDV
SDUDHOGHVDUUROOR\p[LWRVGH
ODVGLYHUVDVODERUHV
6HUHPRGHODURQORVVHUYLFLRV
VDQLWDULRVSDUDDGHFXDUORVD
SHUVRQDV FRQ GLVFDSDFLGD
GHVItVLFDV7DPELpQIXHURQ
LQVWDODGDV FiPDUD GH YLJL
ODQFLDVHQODELEOLRWHFDHVSH
FLDOL]DGDHQHOOREE\\HQOD
FRRUGLQDFLyQGHODERUDWRULRV
6HDGTXLULHURQOLEURVSDUDODV
GLIHUHQWHV FDUUHUDV TXH VH
FXUVDQHQODIDFXOWDG
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
1XHYDVWHFQRORJtDVHQORVOD
ERUDWRULRV
&UHDU QXHYRV ODERUDWRULRV
\ iUHD GH SURGXFFLyQ SDUD
RIUHFHU D OD FRPXQLGDG XQL
YHUVLWDULD HQ JHQHUDO VHUYL
FLRV TXH DQWHV VH FRQWUDWD
EDQDIXHUD
,QLFLDPRVORVWUDEDMRVGHUH
PRGHODFLyQ GHO HVWXGLR GH
WHOHYLVLyQ \ GHO ODERUDWRULR
GH UDGLR 6H WUDEDMD HQ OD
DPSOLDFLyQGHOODERUDWRULRGH
VRQLGR/DRÀFLQDGHSUpVWD
PRGHPXOWLPHGLDVHOHGRWy
GHWUHVFiPDUDVIRWRJUiÀFDV
GLJLWDOHV \ VHLV FRPSXWDGR
UDVSRUWiWLOHV
&XUVRSDUDORFXWRUHV
-RUQDGDV GH FDSDFLWDFLyQ
SDUDDFUHGLWDUDORFXWRUHV
6HUHDOL]DURQDODxRPiVGH
MRUQDGDV GH FDSDFLWDFLyQ
SDUD DFUHGLWDU D ORFXWRUHV
/RVFXUVRVFRPSUHQGHQPy
GXORVGHXVR\PDQHMRGHOD
YR] DFWXDFLyQ UDGLRIyQLFD
\ WHOHYLVLYD H[SUHVLyQ RUDO
JXLRQHVHQWUHRWURV
/DERUDWRULRVGHODIDFXOWDGGH&RPXQLFDFLyQ6RFLDO
81,9(56,'$''(3$1$0É
)DFXOWDGGH'HUHFKR\&LHQFLDV3ROtWLFDV
3UR\HFWR0HWD5HVXOWDGR
0RGLÀFDFLyQ GHO SODQ GH HV
WXGLRGLXUQRGHOD)DFXOWDGGH
'HUHFKR
,QFRUSRUDU XQ QXHYR SODQ
GHHVWXGLRVTXHUHGX]FDORV
DxRVGHODFDUUHUD
(OSODQGHHVWXGLRVIXHDSUR
EDGR SRU OD -XQWD GH )DFXO
WDG HVWi HQ HVSHUD GH TXH
VH LQFRUSRUHQ ORV SODQHV GH
ODVDVLJQDWXUDV
&RPSUD GH VHUYLGRU SDUD HO
FHQWUR GH LQYHVWLJDFLRQHV MX
UtGLFDV
,PSOHPHQWDU WHFQRORJtD FRQ
XQVHUYLGRUTXHSHUPLWDTXH
ODV FRQVXOWDV GHO &HQWUR GH
,QYHVWLJDFLyQ -XUtGLFD HVWpQ
D OD YDQJXDUGLD FRPR RWURV
FHQWURVHGXFDWLYRV
3DUWLGDGH%
&RPSUD GH PDWHULDOHV GH
FRPSXWDFLyQ
6XPLQLVWUR H LQVWDODFLyQ GH
SHUVLDQDV YHUWLFDOHV HQ WHOD
LWDFD HQ ODV RÀFLQDV DGPLQLV
WUDWLYDVGHOD)DFXOWDGGH'H
UHFKR
%ULQGDU FRPRGLGDG D QXHV
WURVFRODERUDGRUHV
/D IDFXOWDG \D FDQFHOy HVWH
SUR\HFWR FRQ HO IRQGR GH
DXWRJHVWLyQ SRU XQ PRQWR
GH%GHODSDUWLGD
SUHVXSXHVWDULD
(VWXGLDQWHVGH'HUHFKRLQWHUFDPELDQLGHDVHQORVMDUGLQHVLQWHUQRVGHODIDFXOWDG
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
5HSDUDFLyQ GH ODV OiPSDUDV
GHODVDXODVGHFODVHV
$GHFXDUODVDXODVGHFODVHV
GHOLFHQFLDWXUD
&RPSUDGHPDWHULDOHVSRUXQ
PRQWRGH%
&DPELR GH WRGDV ODV SXHUWDV
GHODVDXODVGHFODVHV
0HMRUDUODLQIUDHVWUXFWXUD
)RQGRGHDXWRJHVWLyQ
5HPRGHODFLyQ GHO VDOyQ GH
VXVWHQWDFLyQ
0HMRUDUODLQIUDHVWUXFWXUD
6H FDPELDURQ ODV SHUVLDQDV
GHO VDOyQ D SRU SHUVLD
QDV YHUWLFDOHV HQ WHOD LWDFD
VHOHLQFOX\HURQQXHYDVVLOODV
\ SLQWXUD DGHPiV GHO FDP
ELR GH OD SXHUWD GHO PLVPR
)RQGRGHDXWRJHVWLyQSRUXQ
PRQWRGH%GHODSDU
WLGDSUHVXSXHVWDULD
0HMRUDUODLQIUDHVWUXFWXUD
&XOPLQDFLyQ GH WUDEDMRV GH
UHPRGHODFLyQHOGHDJRV
WR GH )RQGR GH DXWR
JHVWLyQ
GH DGPLVLyQ \ FDPELR GH ODV
SHUVLDQDV GHO DXGLWRULR 5LFDU
GR-$OIDUR
0HMRUDVDODLQIUDHVWUXFWXUDGHODDFXOWDG
81,9(56,'$''(3$1$0É
)DFXOWDGGH(FRQRPtD
3UR\HFWR0HWD5HVXOWDGR
'LIXVLyQ GH ODV DFWLYLGDGHV
DFDGpPLFDV GH OD IDFXOWDG D
OD VRFLHGDG SDQDPHxD D WUD
YpV GH OD UDGLR \ GH SXEOLFD
FLRQHV
/OHYDU D FDER XQ SURJUDPD
UDGLDO VHPDQDO ´(FRQRPtD
GH 3DQDPiµ GXUDQWH HO SH
ULRGRGHFODVHV
3XEOLFDU
‡ 'RVUHYLVWDVDQXDOHV
‡ 7UHV &XDGHUQRV GH &R
\XQWXUDDQXDOHV
‡ 7UHV DSXQWHV SRU GHSDU
WDPHQWR
6H GHVDUUROODURQ WRGRV ORV
SURJUDPDVUDGLDOHVSURSXHV
WRVFXPSOLHQGRDO
6HSXEOLFyOD´5HYLVWDGH,Q
YHVWLJDFLRQHV (FRQyPLFDVµ
DQXDO
6H SXEOLFDURQ GRV &XDGHU
QRVGH&R\XQWXUDHQHO
\XQRHQORTXHYDGHO
6H SXEOLFDURQ ORV DSXQWHV
SURSXHVWRV
6H SDUWLFLSy HQ RFKR GLVWLQ
WRVPHGLRVGHFRPXQLFDFLyQ
FRQHQWUHYLVWDV
0HUFDGHRGHODV&DUUHUDVGH
(FRQRPtD
9LVLWDUSRUORPHQRVFR
OHJLRVS~EOLFRV\RSULYDGRV
6H YLVLWDURQ FROHJLRV HQ
WRWDOS~EOLFRV\SULYD
GRV
3URPRFLyQ GH ORV SURJUDPDV
GH 3RVWJUDGRV \ 0DHVWUtDV
H[LVWHQWHV
3URPRFLRQDU D WUDYpV GH
XQPHGLRHVFULWRXQDYH]DO
DxRORVSRVWJUDGRV\PDHV
WUtDVGHQXHVWUDIDFXOWDG
6H SXEOLFy XQ VXSOHPHQWR
HQHOGLDULR/D3UHQVDHQHO
PDUFR GH OD SURPRFLyQ GH
JUDGXDQGRV\RWURHQHO
PDUFR GH OD FHOHEUDFLyQ GHO
$QLYHUVDULRGHOD)DFXOWDG
GH(FRQRPtD
'LIXVLyQDWUDYpVGHODUHGGH
ODV DFWLYLGDGHV DFDGpPLFDV
GH LQYHVWLJDFLyQ GH H[WHQ
VLyQ SURGXFFLyQ \ VHUYLFLRV
GHODIDFXOWDG
(VWUXFWXUDFLyQ GH XQ SRUWDO
ZHESDUDODIDFXOWDG
6H LQDXJXUy HO %ORJ GH OD
IDFXOWDG D FX\D GLUHFFLyQ VH
SXHGH DFFHVDU D WUDYpV GHO
EXVFDGRU*RRJOH
(VWDEOHFLPLHQWR GH YtQFXORV
HQWUH OD )DFXOWDG GH (FRQR
PtD\ODVFRPXQLGDGHV
'HVDUUROODUDFWLYLGDGHVDQXD
OHV TXH LPSOLTXHQ YtQFXORV
FRQFRPXQLGDGHV
6H UHDOL]DURQ JLUD DFDGpPL
FD ´,PSDFWR (FRQyPLFR GHO
)HVWLYDOGH'LDEORV\&RQJRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
GH 3RUWREHOR &ROyQµ FRQ HO
DSR\RGH6(579
7DOOHU )RUPDFLyQ SDUD DX
WRULGDGHV ORFDOHV PXMHUHV \
MXQWD GLUHFWLYD GH OD 8080
3$FRQHODSR\RGH,1$08
\OD$(&,'
)RUWDOHFLPLHQWR GH OD SDUWLFL
SDFLyQGHODIDFXOWDGHQRUJD
QLVPRV \ UHGHV QDFLRQDOHV H
LQWHUQDFLRQDOHV
'HVDUUROODULQYHVWLJDFLRQHV\R
SUR\HFWRV FRQ RUJDQLVPRV \
UHGHVQDFLRQDOHVHLQWHUQDFLR
QDOHV
9LVWDLQWHUQDGHOD)DFXOWDGGH(FRQRPtD
6H OOHYDURQ D FDER ODV VL
JXLHQWHVDFWLYLGDGHV
‡
)LUPD GHO &RQYHQLR GH
&RODERUDFLyQ HQWUH OD
8QLYHUVLGDG GH 3DQDPi
\ OD $JHQGD (FRQyPLFD
GH ODV 0XMHUHV $*(0
318'
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
‡
‡
‡
‡
‡
‡
‡
9LVWDGHO$XGLWRULRGHOD)DFXOWDGGH(FRQRPtD
$XWRHYDOXDFLyQ GH ODV FDUUH
UDV GH OLFHQFLDWXUD TXH RIHUWD
OD)DFXOWDGGH(FRQRPtD
2EWHQHU OD DXWRHYDOXDFLyQ
GHORVSDUHVH[WHUQRV
6H UHQRYy HO &RQYHQLR
8QLYHUVLGDG GH 3DQDPi
² &RQWUDORUtD *HQHUDO
GH OD 5HS~EOLFD GHQWUR
GHFX\RPDUFRVHUHDEUH
HO7pFQLFRHQ0pWRGRV\
$QiOLVLV(VWDGtVWLFR
6H SDUWLFLSy HQ FRQIH
UHQFLDVHQODXQLYHUVLGDG
GH ´/D $PLVWDG GH /RV
3XHEORVµHQ5XVLD
´3DSHO GH OD LQWHUQDFLR
QDOL]DFLyQ GH ODV XQLYHU
VLGDGHV\VXFRQWULEXFLyQ
DOSURJUHVRGHORVSDtVHV
HQYtDVGHGHVDUUROORµ
´7HRUtD GH OD HFRQRPtD
FRQWHPSRUiQHD \ OD UH
IRUPD GH OD HFRQRPtD
UXVDµ
FLRV GH OD (UUDGLFDFLyQ
GHO 7UDEDMR ,QIDQWLO HQ
3DQDPi UHDOL]DGR FRQ
HO DSR\R GH 2,7 \ 02
9,67$5
6H UHDOL]y HO HVWXGLR
´,PSDFWR (FRQyPLFR GHO
'HUHFKRGH$XWRUHQ3D
QDPiµ FRQ HO DXVSLFLR
GHOD203,
6H UHDOL]y HO HVWXGLR
´(YDOXDFLyQ GH ORV 3UR
JUDPDV GH 1XHYRV ,QV
WUXPHQWRV SDUD OD 9L
YLHQGD GHO 0,9,µ FRQ HO
DXVSLFLR GHO 0,9, \ HO
%,'
6H REWXYR HO LQIRUPH GH$X
WRHYDOXDFLyQ SRU SDUWH GHO
6LVWHPD&HQWURDPHULFDQRGH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
(YDOXDFLyQ \ $UPRQL]DFLyQ
GH OD (GXFDFLyQ 6XSHULRU
6,&(9$(6GHO&68&$
'LVHxDU HO SODQ SURVSHFWLYR
GH ODV FDUUHUDV GH OLFHQFLD
WXUDV
6H DSUREy HO QXHYR SODQ GH
HVWXGLRGHODFDUUHUDGH(FR
QRPtD
'LVHxDUQXHYDVRIHUWDVHGX
FDWLYDV D QLYHO WpFQLFR GH
OLFHQFLDWXUD\GHPDHVWUtD
6HGDODUHDSHUWXUDGHO7pF
QLFR HQ 0pWRGRV \ $QiOLVLV
(VWDGtVWLFRVHDSUXHED\VH
DEUHODFDUUHUDGH/LFHQFLDWX
UDHQ(FRQRPtDSDUDOD*HV
WLyQ$PELHQWD\VHUHDEUHOD
0DHVWUtD HQ (FRQRPtD GHO
'HVDUUROOR6RFLDO
)RUWDOHFLPLHQWR GH ODV FDSD
FLGDGHVGHORVGRFHQWHVGHOD
IDFXOWDGSDUDODLQYHVWLJDFLyQ
5HDOL]DU VHPLQDULRV GH FD
SDFLWDFLyQ\GHVDUUROORGHLQ
YHVWLJDFLRQHV
6H FDSDFLWDURQ D GRFHQ
WHV GH OD IDFXOWDG HQ HO 6H
PLQDULR´/DLQQRYDFLyQGHOD
,QQRYDFLyQ HQ OD pSRFD KLV
WyULFD HPHUJHQWHµ LPSDUWLGR
SRUHO'U-RVp'H6RX]D6LO
YD3K'HQ6RFLRORJtDGHOD
&LHQFLD\OD7HFQRORJtD
'LIXQGLUDWUDYpVGHODUHGODV
DFWLYLGDGHV DFDGpPLFDV GH
LQYHVWLJDFLyQ GH H[WHQVLyQ
SURGXFFLyQ \ VHUYLFLRV GH OD
IDFXOWDG
(VWUXFWXUDFLyQ GH XQ SRUWDO
:HE SDUD OD %LEOLRWHFD ,GD
QLD)HUQiQGH]GHODIDFXOWDG
6HLQDXJXUyHO%ORJGHODEL
EOLRWHFD D FX\D GLUHFFLyQ VH
SXHGH DFFHVDU D WUDYpV GHO
EXVFDGRUJRRJOH
KWWSEHFXSLGDQLDIHUQDQ
GH]EORJVSRWFRPSEDVH
GHGDWRVKWPO
81,9(56,'$''(3$1$0É
)DFXOWDGGH(QIHUPHUtD
3UR\HFWR0HWD5HVXOWDGR
,PDJHQLQVWLWXFLRQDO
(GLWDUGHEROHWLQHV
EROHWLQHV ´$YDQFHVµ GLJLWDO
SiJLQD :HE GH OD IDFXOWDG
GH)DUPDFLD
5HDOL]DFLyQGHIHULDV
IHULDVGHVDOXGHQWUHHOODV
XQDGHRVWHRSRURVLV
*UDEDFLRQHV GHO SURJUDPD
FLyQUDGLDO´/D(QIHUPHUDHQ
OD 3URPRFLyQ GH OD 6DOXGµ
5DGLR(VWpUHR8QLYHUVLGDG
3XEOLFDFLyQGHUHYLVWDV
SURJUDPDV UDGLDOHV XQD
YH]SRUVHPDQD
3XEOLFDFLRQHVLPSUHVDV3H
ULyGLFR ´0(025,$6µ $/$
'()(
UHYLVWD FLHQWtÀFD GH HQIHU
PHUtD ´(1)248(µ ,QGH[D
GD%
&DWiORJRV GH HGXFDFLyQ
FRQWLQXD
SHULyGLFRV LQYHUVLyQ
%
FDWiORJR\LQYHVWLJDFLR
QHVUHDOL]DGDV
&DSDFLWDU D ORV HVWXGLDQWHV
FRQWpFQLFDVPRGHUQDVHQHO
ODERUDWRULRGHVLPXODFLyQ
HVWXGLDQWHVUHFLELHURQOD
LQVWUXFFLyQ
0DQWHQHU ORV HTXLSRV IXQ
FLRQDQGR
HTXLSRV SUHVWDQGR VHUYL
FLRV
,QIRUPiWLFD
&RQWDUFRQKHUUDPLHQWDVWHF
QROyJLFDV
6H DGTXLULHURQ FRPSXWD
GRUDVODVFXDOHVHVWiQGLVSR
QLEOHVKRUDVGLDULDV
(GXFDFLyQFRQWLQXD
;&RQIHUHQFLD,EHURDPHULFDQD
GH(GXFDFLyQHQ(QIHUPHUtD
SDUWLFLSDQWHV SRU
XQPRQWRGH%
,QWHUQDFLRQDOL]DFLyQ \ PRYLOL
GDG GH HVWXGLDQWHV \ GRFHQ
WHV
3DUWLFLSDFLyQHQHYHQWRVLQWHU
QDFLRQDOHVGHORVSURIHVRUHV\
HVWXGLDQWHVGHODIDFXOWDG
&RQJUHVR 7UDQVIRUPDQGR HO
IXWXURHQODHQIHUPHUtDDWUD
YpVGHODJOREDOL]DFLyQ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
'LSORPDGR &RQRFLPLHQWR
+XPDQLVPRH,QFOXVLyQ´+H
UUDPLHQWDV SDUD OD DWHQFLyQ
GHODVSHUVRQDVFRQGLVFDSD
URVSURYLHQHQGH6(1$',6
0RYLOLGDGHVWXGLDQWLO8QLYHU
VLGDG ,QFD *DUFLOD]R GH OD
9HJD
6HPLQDULRV GH FDSDFLWDFLyQ
GRFHQWHV
3DUWLFLSDFLyQGHHVWXGLDQWHV
SDUWLFLSDQWHV
7DOOHUHV GH FDSDFLWDFLyQ D
GRFHQWHV GHOD IDFXOWDG GH
(QIHUPHUtD
6H GHVDUUROODURQ GRV FXUVRV
\WUHVWDOOHUHV
)HULDGHRVWHRSRURVLVGHVDUUROODGDSRUOD)DFXOWDGGH(QIHUPHUtD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3URPRFLyQGHVDOXG\SUR\HF
FLyQVRFLDO
5RWDFLyQ GH HVWXGLDQWHV HQ
FDPSRVFOtQLFRV
‡
‡
0RYLOLGDGHVWXGLDQWLO\GHGR
FHQWHV,QWHUQDFLRQDOL]DFLyQ
/LFHQFLDWXUD HVWX
GLDQWHV
7RWDOLQVWLWXFLRQHV
5HDOL]DU DFWLYLGDGHV GH SUR
PRFLyQGHVDOXGHQGLYHUVDV
FRPXQLGDGHV
$FWLYLGDGHV GH SURPRFLyQ
UHDOL]DGDV
‡ 3URWHFFLyQ &LYLO \ &R
PXQLFDFLyQ )DFXOWDG GH
&RPXQLFDFLyQ6RFLDO
‡ -RUQDGD LQIRUPDWLYD VR
EUHHOVWUHVV
‡ 7RPD GH SUHVLyQ DUWHULDO
SHUVRQDV$6(83$
(VWXGLDQWHV GH HQIHUPHUtD \
SURIHVRUHV DVLVWLHQGR D UH
XQLRQHV GH UHGHV HYHQWRV
LQWHUQDFLRQDOHV \ SURJUDPDV
GHSRVWJUDGR
‡
5HS~EOLFDGHO(/6DOYDGRU
‡
'RFWRUDGR &HQWUR GH
$GLFLyQ \ 6DOXG 0HQ
WDO &$0+ 7RURQWR
&DQDGi
‡
,, (QFXHQWUR 5HJLRQDO
/DWLQRDPHULFDQR \ GHO
&DULEH3URWHFFLyQGHORV
7UDEDMDGRUHV GHO 6HFWRU
6DOXG%RJRWi&RORPELD
‡
/;;,; 5HXQLyQ 2UGLQD
ULD GH OD 8'8$/ 0DQD
JXD1LFDUDJXD
‡
/D ,QWHUQDOL]DFLyQ GH OD
(GXFDFLyQ 6XSHULRU HQ
$PHUtFD/DWLQD\HO&DUL
EH&DOLGDG\9LUWXDOLGDG
6DQWR'RPLQJR
‡
/DQ]DPLHQWRGHO3UR\HF
WR(5$&2/+RODQGD
‡
&RQJUHVR/DWLQRDPHULFD
QR&XLGDGRV3DOLDWLYRV
(O'U*XVWDYR*DUFtDGH3DUHGHVHQODIHULDGHVDOXGGH(QIHUPHUtD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDFLyQHQODVSROtWLFDV
GHLQFOXVLyQ
5HDOL]DFLyQ GH HVWXGLR UHOD
FLRQDGR D SROtWLFDV GH LQFOX
VLyQ
(VWXGLQWHVGH(QIHUPHUtDUHDOL]DQSUiFWLFDHQORVODERUDWRULRV
´)DFWRUHV GH ULHVJRV DVRFLD
GRV D OD GLVFDSDFLGDG HQ HO
FRUUHJLPLHQWRGH(O7HMDU'LV
WULWRGH$ODQMH'LVWULWRGH/DV
0LQDV\'LVWULWRGH7RQRVt
$SUREDGRHQMXOLR
%
81,9(56,'$''(3$1$0É
)DFXOWDGGH)DUPDFLD
3UR\HFWR0HWD5HVXOWDGR
)LUPDGHFRQYHQLRV
)LUPD GH FRQYHQLRV FRQ LQV
WLWXFLRQHVGHVDOXGS~EOLFDV\
SULYDGDV
&RQYHQLR SDUD OD SUiFWLFD
SURIHVLRQDO GH ORV HVWXGLDQ
WHVJUDGXDQGRVGHOD&DUUHUD
GH/LFHQFLDWXUDHQ)DUPDFLD
\HO+RVSLWDOGHO1LxR
&RQYHQLR SDUD HO GHVDUUROOR
GHODSUiFWLFDHQWUHOD)DFXO
WDGGH)DUPDFLD\ODFDGHQD
GH)DUPDFLDV$UURFKDV
&RQYHQLR HQWUH OD 8QLYHU
VLGDG GH 3DQDPi \ &* GH
+DVVHWK\&tD6$
&RQYHQLR GH FRRSHUDFLyQ
8QLYHUVLGDG ,QFD *DUFLODVR
GH OD 9HJD \ OD )DFXOWDG GH
)DUPDFLD
&RQYHQLR SDUD HO GHVDUUROOR
GHODVSUiFWLFDVUHODFLRQDGDV
FRQ OD DWHQFLyQ GHO SDFLHQWH
DPEXODWRULR GH ORV FXUVRV
GH ODV FDUUHUDV GH 7pFQLFR
HQ )DUPDFLD /LFHQFLDWXUD
HQ )DUPDFLD \ GH OD SUiFWL
FDSURIHVLRQDOHQ)DUPDFLDV
&RPXQLWDULDV3ULYDGDVHQWUH
OD )DFXOWDG GH \ OD (PSUH
VD ,QPRELOLDULD 'RQ $QWRQLR
)DUPDFLDV5H\
(VWXGLDQWHVGH)DUPDFLD
3DUWLFLSDFLyQHQWHPDVGHLQ
WHUpVVRFLDO
3DUWLFLSDFLyQGHODIDFXOWDGHQ
GLVFXVLyQGHWHPDVGHLQWHUpV
VRFLDO \ SURGXFWLYR TXH DIHF
WDQ OD VDOXG GH OD SREODFLyQ
SDQDPHxD
2UJDQL]DFLyQ GHO )RUR +D
FLD 0HGLFDPHQWRV 6HJXURV
\(IHFWLYRV3DUWLFLSDURQ
SHUVRQDV HQWUH SDFLHQWHV
SURIHVLRQDOHV \ S~EOLFR HQ
JHQHUDO
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
'LVFXVLRQHV VREUH ODV UH
IRUPDV D OD /H\ GH 0H
GLFDPHQWRV FRQ JUXSRV GH
SDFLHQWHV SURIHVRUHV HVWX
GLDQWHV
7UDQVIRUPDFLyQFXUULFXODU
'LVHxR GH XQD SURSXHVWD FX
UULFXODU LQQRYDGRUD TXH UHV
SRQGD D OD RIHUWD \ GHPDQGD
TXHUHTXLHUHODVRFLHGDG
$SUREDGRV
0LVLyQ\YLVLyQ
2EMHWLYRVSHUÀOGHOHJUHVDGR
SRUFRPSHWHQFLDV
(OSODQGHHVWXGLRVVyORHVWi
SHQGLHQWH GH YDOLGDFLyQ
SDUDDSUREDFLyQ6HUHDOL]D
URQWDOOHUHVFRQGRFHQWHV
7URQFRFRP~QHQVDOXG
3DUWLFLSDFLyQ HQ HO GLVHxR \
HODERUDFLyQGHOWURQFRFRP~Q
GHOiUHDGHVDOXG
6HUHDOL]DURQUHXQLRQHVSDUD
DSUREDUODVPDWHULDVGHOWURQ
FRFRP~QHQVDOXG
3URJUDPDVGHPDHVWUtD
$SHUWXUD GHO SURJUDPD GH
HVSHFLDOL]DFLyQ HQ )DUPDFLD
+RVSLWDODULD UHDSHUWXUD GHO
3URJUDPDGH0DHVWUtDHQ)DU
PDFLD &OtQLFD FRQ pQIDVLV HQ
$WHQFLyQ)DUPDFpXWLFD
6H ORJUy OD UHDSHUWXUD GHO
3URJUDPD GH 0DHVWUtD HQ
)DUPDFLD&OtQLFDFRQpQIDVLV
HQ $WHQFLyQ )DUPDFpXWLFD
\ HO 3URJUDPD GH (VSHFLD
OL]DFLyQ HQ )DUPDFLD +RV
SLWDODULD FRQWDQGR FRQ SDUWLFLSDQWHVHQHO&DPSXV\
HQHO&HQWUR5HJLRQDOGH
9HUDJXDV
3UR\HFWRVGHLQYHVWLJDFLyQ
3UR\HFWRGHLQYHVWLJDFLyQVR
EUH DFFHVR D RSLRLGHV \ ODV
UHJXODFLRQHV QDFLRQDOHV HQ
HVWDPDWHULDSRUGRFHQWHVGH
OD)DFXOWDGGH)DUPDFLD
3UR\HFWRVGHHGXFDFLyQ
3URPRFLyQGHOXVRUDFLRQDOGH
PHGLFDPHQWRV
&RPR UHVXOWDGR GH OD LQYHV
WLJDFLyQVHFDPELyODQRUPD
WLYD YLJHQWH VREUH DFFHVR D
RSLRLGHV\HOSUR\HFWRHVXQ
UHIHUHQWHDQLYHOGHODUHJLyQ
&LQFR SUR\HFWRV GH HGXFD
FLyQDSDFLHQWHVHQFROHJLRV
GHO0LQLVWHULRGH(GXFDFLyQ
81,9(56,'$''(3$1$0É
,&RQJUHVR1DFLRQDOGH(VWXGLDQWHVGH)DUPDFLD
3UR\HFWR0HWD5HVXOWDGR
3URJUDPDVGHHGXFDFLyQFRQ
WLQXD
5HDOL]DU SURJUDPDV GH HGX
FDFLyQ FRQWLQXD D GRFHQWHV \
SURIHVLRQDOHV IDUPDFpXWLFRV
GH KRVSLWDOHV FHQWURV GH VD
OXG LQGXVWULD IDUPDFpXWLFD
IDUPDFLDVSULYDGDVHWF
-RUQDGD GH DFWXDOL]DFLyQ HQ
7R[LFRORJtD &OtQLFD FRQ SDUWLFLSDQWHV
-RUQDGD GH DFWXDOL]DFLyQ HQ
)DUPDFRWHUDSLD 5HXPDWROy
JLFDFRQSDUWLFLSDQWHV
;,,, &RQIHUHQFLD ,EHURDPHUL
FDQD GH )DFXOWDGHV GH )DU
PDFLD&2,))$SDUWLFL
SDQWHV
,&RQJUHVR1DFLRQDOGH$WHQ
FLyQ)DUPDFpXWLFD
,&RQJUHVR1DFLRQDOGH(VWX
GLDQWHVGH)DUPDFLD
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH+XPDQLGDGHV
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWRVGHPDHVWUtDVFUHD
GDV \ DSUREDGRV SRU -XQWD
GH)DFXOWDG\PDHVWUtDVDSR
\DGDV
)RUWDOHFLPLHQWR FUHDFLyQ \
UHDSHUWXUDGHPDHVWUtDVHQOD
)DFXOWDGGH+XPDQLGDGHV
‡
‡
‡
‡
‡
‡
3URJUDPD GH 0DHVWUtD
HQ(VSDxROFRPROHQJXD
H[WUDQMHUD
3URJUDPDGH0DHVWUtDHQ
&LHQFLDV GH OD $FWLYLGDG
)tVLFDSDUDHO'HVDUUROOR
GHXQD6DOXG,QWHJUDO
3URJUDPD GH 0DHVWUtD
HQ *HRJUDItD 5HJLRQDO
GH3DQDPi
0DHVWUtDHQ7XULVPRFRQ
pQIDVLVHQ*HVWLyQ3DWUL
PRQLDO
0DHVWUtD HQ +LVWRULD GH
3DQDPi 3HULRGR 5HSX
EOLFDQR
0DHVWUtDHQ$QWURSRORJtD
6RFLDO
&DUUHUDV QXHYDV WUHV FRQ
SODQHV GH HVWXGLR QXHYRV \
WUHVFDUUHUDVDFUHGLWDGDV
$SR\DU D FRPLVLRQHV GH
7UDQVIRUPDFLyQ &XUULFXODU \
$FUHGLWDFLyQ HQ OD )DFXOWDG
GH+XPDQLGDGHV
/DVFDUUHUDVGH7XULVPR+LV
WyULFR &XOWXUDO 6RFLRORJtD
UHFLELHURQ OD YLVLWD GH SDUHV
SDUDHYDOXDUODVLWXDFLyQGLDJ
QyVWLFD GH OD DFUHGLWDFLyQ GH
FDUUHUDV FRQ PLUDV D DYDQ]DU
HQ ORV SURFHVRV GH DFUHGLWD
FLyQGHODVFDUUHUDV
/DV FDUUHUDV GH *HRJUDItD
+LVWRULDLQJOpV\HVSDxROWDP
ELpQKDQVLGRHYDOXDGDV\VH
HQFXHQWUDQ HQ OD HMHFXFLyQ
GHORVUHVSHFWLYRVSODQHVGH
PHMRUDPLHQWR SDUD ORJUDU OD
DFUHGLWDFLyQGHODVFDUUHUDV
&XUVRV R VHPLQDULRV GH DF
WXDOL]DFLyQ
'LFWDU VHPLQDULRV \ FXUVRV
GH DFWXDOL]DFLyQ GH ODV XQL
GDGHVDFDGpPLFDVGHOD)D
FXOWDGGH+XPDQLGDGHV
9 &XUVR GH $FWXDOL]DFLyQ HQ
6RFLRORJtD FRQ HO WHPD 'HV
FHQWUDOL]DFLyQ 0XQLFLSDO SURIHVLRQDOHV \ GRFHQWHV FD
SDFLWDGRVHQHOWHPD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
'HSDUWDPHQWRGH+LVWRULDKD
HMHFXWDGRHO6HPLQDULR,QWHU
QDFLRQDOGHQRPLQDGR´&HQ
WURDPpULFDHQWUHOD*XHUUD\
OD3D]
(O'HSDUWDPHQWRGH*HRJUD
ItD KD HMHFXWDGR DOJXQRV VH
PLQDULRVGXUDQWHHODxR
(QWUHHVWRVWHQHPRV*HVWLyQ
7XUtVWLFD 0DWHULDO &DUWRJUiÀ
FR\7pFQLFDVGH&DUWRJUDItD
\ 6HPLQDULR GHO 6LVWHPD GH
,QIRUPDFLyQ*HRJUiÀFD
(/ 5HFWRU 0DJQtILFR 'U *XVWDYR *DUFtD GH 3DUHGHV RWRUJD HO
'RFWRUDGR+RQRULV&DXVDD-RVp0DQXHO5HYHUWH&RPD
&DSDFLWDFLyQ GRFHQWH HQ OD
HGXFDFLyQPHGLDSDUDHO0L
QLVWHULRGH(GXFDFLyQ
7UDEDMDU FRQMXQWDPHQWH FRQ
HO0LQLVWHULRGH(GXFDFLyQ
(O 'HSDUWDPHQWR GH (VSD
xROWDPELpQKDHMHFXWDGRHQ
OR TXH YD GHO DxR ORV
VLJXLHQWHV VHPLQDULRV \ FXU
VRV 7pFQLFDV PRGHUQDV GH
UHGDFFLyQ \ RUWRJUDItD $F
WXDOL]DFLRQHVLGLRPiWLFDV\HO
VHPLQDULR GH ,QWURGXFFLyQ DO
(VWXGLR GHO WH[WR GLULJLGR D
SURIHVLRQDOHV HVWXGLDQWHV \
SURIHVRUHVGHOD8QLYHUVLGDG
GH3DQDPi
6H KDQ FUHDGR FDSDFLWDFLR
QHVHQGLVWLQWRVFROHJLRVGHO
SDtV (Q 3DQDPi VH KDQ
DWHQGLGRJUXSRV3DQDPi
(VWHJUXSRV3DQDPi2HV
WH JUXSRV 6DQ 0LJXHOLWR
JUXSRV 'DULpQ JUXSRV
&ROyQJUXSRV/RV6DQWRV
JUXSRV+HUUHUDJUXSRV
9HUDJXDV JUXSRV &RFOp
JUXSRV%RFDVGHO7RUR
JUXSRV\&KLULTXtJUXSRV
7RGRV HMHFXWDGRV HQ GLVWLQ
WDViUHDV\FRQWHQLGRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
$SR\RHQ,QYHVWLJDFLRQHVHQ
&LHQFLDV6RFLDOHV
,QFHQWLYDU\DSR\DUODVLQYHV
WLJDFLRQHV
6H KDQ GHVDUUROODGR LQYHVWL
JDFLRQHV HQ OD PRGDOLGDG GH
LQIRUPHVVRFLDOHVGHFR\XQWX
UD$QiOLVLVGHOD6LWXDFLyQGHO
3DtV $XJH HFRQyPLFR \ 'H
FHSFLyQ6RFLDO%RFDVGHO7RUR
\&ULVLV6RFLDO\5HEHOLyQ
7DPELpQVHPDQWLHQHQHQHVWH
DxR 2EVHUYDWRULR 6RFLDO VR
EUH$PpULFD /DWLQD 2EVHUYD
WRULRGHO(VWDGRGHOD1DFLyQ
&DSDFLWDFLyQ HQ ,GLRPDV HQ
OD)DFXOWDGGH+XPDQLGDGHV
/RJUDU OD FDSDFLWDFLyQ HQ
RWUDVOHQJXDV
6H KDQ HMHFXWDGR FXUVRV GH
LGLRPDV
JUXSRV FDSDFLWDGRV HQ HO
LGLRPD LQJOpV JUXSRV GH
HVSDxRO SDUD H[WUDQMHURV JUXSRV GH DOHPiQ JUXSRV
GHLWDOLDQRVJUXSRVGHMDSR
QpVJUXSRVGHSRUWXJXpV
JUXSRV GH UXVR JUXSR GH
PDQGDUtQ &DSDFLWDQGR XQ
DSUR[LPDGRGHHVWXGLDQ
WHVHQGLVWLQWRVLGLRPDV
'RFWRUDGR HQ +XPDQLGDGHV
\&LHQFLDV6RFLDOHV
,QLFLDUHOGRFWRUDGRHQ+XPD
QLGDGHV\&LHQFLDV6RFLDOHV
$SR\R D ORV &RQJUHVRV GH
+XPDQLGDGHV
$SR\DU ORV FRQJUHVRV HQ OD
IDFXOWDG
6H HMHFXWy HO ;,,, &RQJUHVR
1DFLRQDO GH 6RFLRORJtD FRQ
HOWHPD/RV5HWRVGHOD6R
FLRORJtD&ULVLV*OREDO\5HD
OLGDG1DFLRQDO
9LVLWDV D GLVWLQWRV &ROHJLRV
GHODFLXGDGGH3DQDPi
3URPRYHU ODV GLIHUHQWHV FD
UUHUDVTXHRIUHFHODIDFXOWDG
/DVYLVLWDVVHKDQUHDOL]DGRD
ORV VLJXLHQWHV FROHJLRV -RVp
'RORUHV 0RVFRWH ,QVWLWXWR
1DFLRQDO ,QVWLWXWR )HUPtQ
1DXGHDX ,QVWLWXWR $PpULFD
(O,QVWLWXWR3URIHVLRQDO\7pF
QLFR1RFWXUQR2ÀFLDO5LFKDUG
1HXPDQQ $UWHV \ 2ÀFLRV \
6LOYLR%HGR\D1RFWXUQRV
8QGRFXPHQWRGHGRFWRUDGR
DSUREDGR HQ -XQWD 'HSDUWD
PHQWDO
81,9(56,'$''(3$1$0É
&HQWURGH,QYHVWLJDFLyQHQ)LVLRORJtDGHO(MHUFLFLR
3UR\HFWR0HWD5HVXOWDGR
&UHDFLyQGHO,QVWLWXWR1DFLR
QDOGH5HKDELOLWDFLyQ
$\XGDUDSDFLHQWHVUHIHULGRV
HQ VXV SURFHVRV GH UHKDELOL
WDFLyQ
0iV GH SHUVRQDV WUDWD
GDV
7UDEDMDUFRQHO0,16$HQHO
WUDWDPLHQWR DQWLHVWUpV \ SpU
GLGDGHSHVR
2ULHQWDU DO SHUVRQDO HQ OD OL
EHUDFLyQ GH HVWUpV ODERUDO \
FRPR PHMRUDU VX FDOLGDG GH
YLGD
SDFLHQWHV PHMRUDURQ VX
FRQGLFLyQItVLFD
7UDWDUODREHVLGDGHQSHUVR
QDVDGXOWDV
$SR\DU D ODV SHUVRQDV DGXO
WDVHQODGLVPLQXFLyQGHSHVR
SDUWLFLSDQWHV EDMDURQ GH
SHVR\PHMRUDURQVXFDOLGDG
GHYLGD
&RRSHUDFLyQ FRQ 8'(/$6
HQ OD UHKDELOLWDFLyQ ItVLFD \
WHUDSLDUHVSLUDWRULD
)DFLOLWDU OD SUiFWLFD SURIHVLR
QDODHVWXGLDQWHVGH8'(/$6
HQODVFDUUHUDVGHÀVLRWHUDSLD
\WHUDSLDUHVSLUDWRULD
HVWXGLDQWHVKDQWHUPLQD
GRVXSUiFWLFDHQHO&,)(
7RQLÀFDFLyQ\IRUWDOHFLPLHQWR
GHMyYHQHVHVWXGLDQWHVGHOD
8QLYHUVLGDGGH3DQDPi
0HMRUDUODFRQGLFLyQItVLFDJH
QHUDODMyYHQHVGHOD8QLYHU
VLGDGGH3DQDPi
HQ PHMRUtD HQ PiV GH
SDUWLFLSDQWHV XQLYHUVL
WDULRV IHPHQLQRV \ PDVFX
OLQRV
)DFXOWDGGH+XPDQLGDGHV
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH,QIRUPiWLFD(OHFWUyQLFD\&RPXQLFDFLyQ
3UR\HFWR0HWD5HVXOWDGR
0HMRUDVDLQIUDHVWUXFWXUD
7HQHU XQD IDFXOWDG FRQ XQD
HVWUXFWXUDTXHEULQGHVHJXUL
GDG FRPRGLGDG D HVWXGLDQ
WHV DGPLQLVWUDWLYRV \ SURIH
VRUHV
‡
‡
‡
‡
‡
‡
/DERUDWRULRVGHOD)DFXOWDGGH,QIRPiWLFD(OHFWUyQLFD\&RPXQLFDFLyQ
‡
‡
,QVWDODFLyQ GH 9HQWDQDV
GHPHWDO
5HSDUDFLRQHV \ FDP
ELRV GH SXHUWDV GH PD
GHUD \ KLHUUR HQ ORV
FLQDV
&DPELRGHFLHORUDVRGH
QDV
6H DGTXLULHURQ VLOODV
\ GRV HVFULWRULRV SDUD
UHHPSOD]DU ODV GHO SHU
VRQDODGPLQLVWUDWLYR\GL
UHFWRUHVGHGHSDUWDPHQ
WRV
$GTXLVLFLyQ GH VLOODV
SOHJDEOHV SDUD XVR HQ
HO FRPHGRU GH DGPLQLV
WUDWLYRV \ SDUD HYHQWRV
6H LQVWDODURQ DLUHV
DFRQGLFLRQDGRV HQ VDOR
QHV
6HFDPELDURQWRGRVORV
WUDQVIRUPDGRUHVIRFRV\
SDQWDOODV GH OiPSDUD GH
ODIDFXOWDGFRQXQFRVWR
GH
'H OD DGPLQLVWUDFLyQ
FHQWUDOGHODXQLYHUVLGDG
VH UHFLELHURQ DUFKL
YDGRUHV GH JDYHWDV
HVFULWRULRV MXYHQLOHV
HVFULWRULRGHJDYHWDV\
DLUHV DFRQGLFLRQDGRV
%78
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
0RGHUQL]DFLyQ \ DFRQGLFLR
QDPLHQWRGHORVODERUDWRULRV
GH,QIRUPiWLFD\(OHFWUyQLFD
&RQWDUFRQODERUDWRULRVDFRQ
GLFLRQDGRV\FRQDGHFXDFLR
QHV QHFHVDULDV TXH EULQGHQ
EHQHÀFLRVDORVHVWXGLDQWHV
$GTXLVLFLyQ GH UDFNV SDWFK
SDQHO ULHOHV SDUD LQVWDODFLR
QHV \ PRGHUQL]DFLRQHV GH
ORVODERUDWRULRV
6HFRPSUyXQVHUYLGRULQWHU
PHGLRWLSRUDFNV
6H DGTXLULHURQ 6FDQQHUV
IRWRFRSLDGRUDV .\RFHUD
3UR\HFWRU 0XOWLPHGLD FRQ
XQDLQYHUVLyQGH
6H FRPSUy XQD HVWDFLyQ GH
WUDEDMR LQDOiPEULFR FRQ XQ
FRVWRGH
(GXFDFLyQFRQWLQXD
$FWXDOL]DFLyQ GH SURIHVR
UHVFHUFDGHPLOHVWXGLDQWHV
\ DGPLQLVWUDWLYRV VREUH
WHPDV HQ DFWXDOLGDG VREUH
,QIRUPiWLFD(OHFWUyQLFD\&R
PXQLFDFLyQ
9LVWDGHOD)DFXOWDGGH,QIRUPiWLFD(OHFWUyQLFD\&RPXQLFDFLyQ
'HQWURGHO3URJUDPDGH&R
RSHUDFLyQFRQOD8QLYHUVLGDG
&DUORV ,,, GH 0DGULG (VSD
xDVHGLFWDURQ7DOOHUGH´'L
VHxR H ,PSOHPHQWDFLyQ GH
'DWD:DUHKRXVH\&RQIHUHQ
FLDVREUH´9LVLyQ$UWLÀFLDOµ
6HLQYLWyDOD'UD0DUtD7UXML
OORGHOD8QLYHUVLGDGGHO9DOOH
GH&RORPELDTXLpQGLFWyXQD
FRQIHUHQFLD VREUH $SOLFDFLR
QHV 0XOWLPHGLD \ OD 3URIH
VRUD 0DUWD &DOGHUyQ GH OD
8QLYHUVLGDG GH &RVWD 5LFD
ODFXDOGLFWyXQFXUVRGHODO
GHPDU]RGHVREUH,Q
WHUDFFLyQ +RPEUH 0iTXLQD
HQEHQHÀFLRGH(VWXGLDQWHV
3URIHVRUHV\$GPLQLVWUDWLYRV
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH0HGLFLQD
3UR\HFWR0HWD5HVXOWDGR
7UDQVIRUPDFLyQFXUULFXODU
$SUREDFLyQGHOSODQGHHVWX
GLR
6HDSUREyHQQXHYRSODQGH
HVWXGLR FRQ OD DGHFXDFLyQ
GHODVUHFRPHQGDFLRQHVGHO
SURFHVRGHDXWRHYDOXDFLyQ\
YLVWDGHSDUHVH[WHUQRV
/DV FDUUHUDV GH 1XWULFLyQ \
7HFQRORJtD 0pGLFD KDQ SD
VDGR SRU HO SURFHVR GH DX
WRHYDOXDFLyQ \ YHULÀFDFLyQ
SRUHYDOXDGRUHVH[WHUQRV
3URJUDPD1DFLRQDOGH5RWD
FLRQHV&OtQLFDV
3URJUDPDLQWHUQDFLRQDO
5HDOL]DFLyQGHDFWLYLGDGHVGH
FDUiFWHUVRFLDO\FRPXQLWDULR
6H UHDOL]y OD JLUD GH FR
RUGLQDFLyQ GH ODV URWDFLyQ
FOtQLFDV GH ORV HVWXGLDQWHV
GHO GXRGpFLPR VHPHVWUH
FXEULHQGR ODV iUHDV GH /D
3LQWDGD $JXDGXOFH *XDUD
Up /RV 6DQWRV /DV 7DEODV
6DQWLDJR&DxD]DV\'DYLG
FRQ OD SDUWLFLSDFLyQ GH ODV
5HJLRQHVGH6DOXGGHO0,1
6$\&DMDGH6HJXUR6RFLDO
'HVDUUROOR GH SUR\HFWRV GH
LQYHVWLJDFLyQ UHODFLRQDGRV D
ELRpWLFD
3UR\HFWRV GH LQYHVWLJDFLyQ
FRQMXQWDPHQWHFRQHO/DER
UDWRULR *RUJDV \ 6(1$&<7
EDMRORVDVSHFWRVUHODFLRQD
GRV D ELRpWLFD \ ODV SRVLEL
OLGDGHV GH OD IRUPDFLyQ GHO
&RPLWpGH%LRpWLFD
,QWHUFDPELR GH H[SHULHQFLDV
\SDVDQWtDV
/D)DFXOWDGGH0HGLFLQDKD
DPSOLDGR \ IRUWDOHFLGR VXV
UHODFLRQHVFRQRWUDVIDFXOWD
GHV GH PHGLFLQD D QLYHO LQ
WHUQDFLRQDOHQWUHODVFXDOHV
VH SXGH PHQFLRQDU OD 8QL
YHUVLGDG GH 7XII GH %RVWRQ
OD 8QLYHUVLGDG GHO 6XU GH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)ORULGD \ OD 8QLYHUVLGDG GH
0LDPLEHQHÀFLiQGRVHHQHO
LQWHUFDPELRGHH[SHULHQFLDV
\ SDVDQWtDV WDQWR D HVWX
GLDQWHVFRPRDGRFHQWHV
/D 8QLYHUVLGDG GH 7XII GH
%RVWRQ UHDOL]y URWDFLRQHV
GHDWHQFLyQSULPDULDGHVXV
HVWXGLDQWHV HQ HO iUHD GH
3DQDPi 2HVWH &RQ HVWH
LQWHUFDPELR OD IDFXOWDG UHFL
ELy HTXLSR GH LQIRUPiWLFD \
FXDWURHVWXGLDQWHVGHQXHV
WUDIDFXOWDGSXGLHURQYLDMDUD
OD 8QLYHUVLGDG GH 7XII SDUD
UHDOL]DU SUiFWLFDV FOtQLFDV
SRUWUHVPHVHV
$GMXGLFDFLyQ \ REWHQFLyQ GH
HGLÀFLRV SDUD OD )DFXOWDG GH
0HGLFLQD
2EWHQHU LQIUDHVWUXFWXUD SDUD
SRGHUEULQGDUDGHFXDGDPHQ
WHORVSURFHVRGHHQVHxDQ]D
DSUHQGL]DMH D QXHVWURV HVWX
GLDQWHV
8QR GH ORV ORJURV PiV LP
SRUWDQWHV SDUD OD IDFXOWDG
IXH HO KDEHU REWHQLGR \ UH
PRGHODGRHODQWLJXRHGLÀFLR
GH HQIHUPHUtD GHO +RVSLWDO
6DQWR7RPiVHOFXDOHVWiHQ
SURFHVR\VHUiXWLOL]DGRSDUD
ORVVHPHVWUHVFOtQLFRVGHOD
FDUUHUDGH0HGLFLQD
3UR\HFWRVFRPXQLWDULRV
'HVDUUROODU HO 3UR\HFWR GH OD
&OtQLFD )DPLOLDU \ &RPXQLWD
ULD GH OD 8QLYHUVLGDG GH 3D
QDPi
3UR\HFWRGHOD&OtQLFD)DPL
OLDU\&RPXQLWDULDGHOD8QL
YHUVLGDG GH 3DQDPi TXH
DWHQGHUi HQ IRUPD LQWHJUDO
DODSREODFLyQGHFXDWURFR
UUHJLPLHQWRV GHO 'LVWULWR GH
6DQ 0LJXHOLWR WHQGUi DGH
PiV OD IXQFLyQ GH HMHFXWDU
XQ SURJUDPD GH SUHYHQFLyQ
GHOFiQFHUFHUYLFRXWHULQRGH
PDPD \ GH SUyVWDWD \ EULQ
GDUiDWHQFLyQRGRQWROyJLFD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
%HFDVDHVWXGLDQWHV
$SR\DUFRQEHFDVDORVHVWX
GLDQWHVGHHVFDVRVUHFXUVRV
&RQVHFXFLyQ GH EHFDV
D HVWXGLDQWHV GH OD IDFXOWDG
FRQ HVFDVRV UHFXUVRV HFR
QyPLFRV GRQDGDV SRU SUR
IHVRUHV GH OD )DFXOWDG GH
0HGLFLQDHPSUHVDV\RWURV
'LSORPDGRV WDOOHUHV VHPL
QDULRV\RWUDVDFWLYLGDGHVGH
GRFHQFLD
''HVDUUROORGHSURJUDPDVGH
HGXFDFLyQFRQWLQXD
'LSORPDGR ´(SLGHPLRORJtD
\&RQWUROGHODV,QIHFFLRQHV
1RVRFRPLDOHVµ
'LSORPDGR´$FWXDOL]DFLyQHQ
&LHQFLDV GH /DERUDWRULR &Ot
QLFRFRQeQIDVLVHQ4XtPLFD
&OtQLFD ,QPXQRORJtD %DQFR
GH6DQJUH\+HPDWRORJtDµ
7DOOHU 5HJLRQDO GH (QWUHQD
PLHQWRGHORVQXHYRVFRQWDPL
QDQWHV RUJiQLFRV SHUVLVWHQWHV
\HOSURFHVRGHUHYLVLyQ\DF
WXDOL]DFLyQ GH ORV SODQHV QD
FLRQDOHV GH LPSOHPHQWDFLyQ
(YHQWR RUJDQL]DGR SRU 81,
7$5 218 SDUD ORV SDtVHV
GHO&DULEHLQJOpV
&DSDFLWDFLyQDPpGLFRVWUDGLFLRQDOHV\SDUWHUDVHPStULFDVGHODUHJLyQ1JREH%XJOH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$FWLYLGDGHVGHH[WHQVLyQ
&DSDFLWDFLyQDSDUWHUDVHPSt
ULFDV\PpGLFRVWUDGLFLRQDOHV
/D )DFXOWDG GH 0HGLFLQD
(VFXHOD GH 6DOXG 3~EOLFD
SDUWLFLSy HQ OD FDSDFLWDFLyQ
DSDUWHUDVHPStULFDV\PpGL
FRV WUDGLFLRQDOHV SURJUDPD
GD SRU HO ,QVWLWXWR &RQPH
PRUDWLYR*RUJDVDOD5HJLyQ
&RPDUFDO1JREH%XJOH6DQ
)pOL[
3URJUDPDGHYROXQWDULDGR
3URJUDPD GH ,QWHUFDPELR \
&RODERUDFLyQ HQ 6DOXG 3~
EOLFD )DFXOWDG GH 0HGLFLQD
8QLYHUVLGDG GH 3DQDPi
86)
6H UHFLELy OD YLVLWD GH SDUWLFLSDQWHV GHO SURJUDPD
GH0DHVWUtDHQ6DOXG*OREDO
GHOD8QLYHUVLGDGGHO6XUGH
)ORULGD86)TXLHQHVGHVD
UUROODURQ DFWLYLGDGHV GH DX
WRJHVWLyQ /RV IRQGRV VHUiQ
LQYHUWLGRV HQ VHUYLFLRV FROD
ERUDWLYRVGHVDOXGLQWHUQD
VLJODV,+6&
6H VHOHFFLRQy HO 'LVWULWR GH
2F~ FRPXQLGDG (O ´*XD
\DELWRµ VH UHDOL]DURQ PH
MRUDV GH LQIUDHVWUXFWXUD HQ
OD HVFXHOD PXOWLJUDGR FRQ
OD SDUWLFLSDFLyQ GHO &UQWUR
5HJLRQDO GH $]XHUR 6H KL
FLHURQODVPHMRUDVHQSLVRV
SDUHGHV SLQWXUD WHFKR OH
WULQDFLyQ 6H PHMRUy OD YHQ
WLODFLyQ H LOXPLQDFLyQ GH OD
HVFXHOD DGHPiV GH LQVWDODU
QXHYDV SL]DUUDV \ ~WLOHV HV
FRODUHV
(VWXGLDQWHVGH0HGLFLQD
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH0HGLFLQD9HWHULQDULD
3UR\HFWR0HWD5HVXOWDGR
*LUDVDFDGpPLFDV
3UiFWLFDGHYHUDQR1DFLRQD
OHVH,QWHUQDFLRQDOHV
3UiFWLFDV FOtQLFDV \ GH FDP
SRSDUDIRUWDOHFHUORVFRQRFL
PLHQWRVJHQHUDOHVGHOD0H
GLFLQD9HWHULQDULD
6HKDQUHDOL]DGRJLUDVD
QLYHOQDFLRQDO
3RQHUHQSUiFWLFDORVFRQRFL
PLHQWRVDGTXLULGRVHQHODXOD
6H LQFRUSRUDURQ HVWX
GLDQWHV HQ HPSUHVDV S~EOL
FDV\SULYDGDVQDFLRQDOHVH
LQWHUQDFLRQDOHV HQWUH HOODV
VH HQFXHQWUDQ $VRFLDFLyQ
1DFLRQDO GH 3RUFLQRFXOWX
UD &RPSOHMR 9HWHULQDULR
GH &RUR]DO &OtQLFD 0XQGR
$QLPDO +DUDV 6DQ 0LJXHO
\ &HUUR 3XQWD &HQWUR GH
9LGD 6LOYHVWUH :D\QHVERUV
HQ 9LUJLQLD (VWDGRV 8QLGRV
'HSDUWDPHQWR GH &LHQFLDV
&OtQLFDVGHOD&OtQLFDGH3H
TXHxRVDQLPDOHV\GHJUDQ
GHV HVSHFLHV HQ OD 8QLYHU
VLGDGGH7HQQHVVH(VWDGRV
8QLGRV
4XH ORV HVWXGLDQWHV WHQJDQ
FRQWDFWR GLUHFWR FRQ HO SUR
GXFWRU\YHDQODVSUREOHPiWL
FDV QDFLRQDOHV H LQWHUQDFLR
QDOHV
'DU D FRQRFHU OD IDFXOWDG D
QLYHOQDFLRQDOHLQWHUQDFLRQDO
0RWLYDU D ORV HVWXGLDQWHV D
UHDOL]DU SUiFWLFDV D QLYHO QD
FLRQDOHLQWHUQDFLRQDO
-RUQDGD8QLYHUVLWDULD
0RWLYDU D ORV HVWXGLDQWHV
SDUD TXH UHDOLFHQ SUR\HFWRV
GH LQYHVWLJDFLRQHV HQ GLIH
UHQWHVHVSHFLHV
6H UHDOL]y OD , -RUQDGD
&LHQWtÀFD GHQRPLQDGD ([
SDQVLyQ DVLVWLHURQ HV
WXGLDQWHV 6H SUHVHQWDURQ
FKDUODV GH LQYHVWLJDFLyQ \
GH SUiFWLFDV TXH VH UHDOL
]DURQ HQ YHUDQR D QLYHO QD
FLRQDO H LQWHUQDFLRQDO FRQ
ODLQWHQFLyQGHPRWLYDUDORV
HVWXGLDQWHV
&RQJUHVR &LHQWtÀFR GH OD
)DFXOWDG GH 0HGLFLQD 9HWH
ULQDULD
'DUDFRQRFHUORV~OWLPRVDGH
ODQWRV GHQWUR GHO iUHD GH OD
PHGLFLQD YHWHULQDULD HQ JUDQ
GHV\SHTXHxDVHVSHFLHV
6H UHDOL]y HO 9,, &RQJUHVR
&LHQWtÀFRGHOD)DFXOWDGGH0H
GLFLQD 9HWHULQDULD HO FRQJUHVR
FRQWyFRQODSDUWLFLSDFLyQGH
H[SRVLWRUHVH[WUDQMHURV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3DUWLFLSDFLyQHQFRQJUHVRV
,QWHUFDPELDU FRQRFLPLHQWRV
\ H[SHULHQFLDV DGTXLULGDV HQ
ODV GLIHUHQWHV GLVFLSOLQDV GH
ODVFLHQFLDVYHWHULQDULDV
(VWXGLDQWHV \ 3URIHVRUHV
DVLVWLHURQDVHLVFRQJUH
VRV
; &RQJUHVR 1DFLRQDO GH
0pGLFRV 9HWHULQDULRV RUJD
QL]DGR SRU OD$VRFLDFLyQ GH
0pGLFRV9HWHULQDULRV
,, &RQJUHVR /DWLQRDPHULFD
QR GH 1HXURORJtD 9HWHULQD
ULDHQ%RJRWi&RORPELD
/D 'UD 1DFDUt -DUDPLOOR
SURIHVRUD GH OD IDFXOWDG QRV
UHSUHVHQWyHQHO;,&RQJUHVR
&HQWURDPHULFDQR \ GHO &DUL
EHGH3DUDVLWRORJtD\0HGLFL
QDHQ6DQ-RVp&RVWD5LFD
6HUYLFLREULQGDGRDORVHVWX
GLDQWHV
%ULQGDU D ORV HVWXGLDQWHV GH
ODIDFXOWDGFDOLGDGGHVHUYLFLR
HGXFDWLYR SURSRUFLRQDQGR
HTXLSRV WHFQROyJLFRV PRGHU
QRVSDUDHOXVRGHHVWXGLDQ
WHV\GRFHQWHV
6ROLFLWXGHVDWHQGLGDVHQ
‡ 3UpVWDPRV GH HTXLSRV
WHFQROyJLFRV
‡ 0DWULFXODHQOtQHD
‡ (GXFDFLyQFRQWLQXD
‡ /LEURV FLHQWtÀFRV GH OD
FDUUHUD D SUHFLRV PiV
EDMRV
‡ 6HUYLFLRV PpGLFRV DWHQ
GLGRV
‡ 7UiPLWHGHSUiFWLFDSUR
IHVLRQDOHQLQVWDODFLRQHV
GHOJRELHUQRHPSUHVDV
SULYDGDV \ XQLYHUVLGD
GHVH[WUDQMHUDV
‡ $SR\R FRQ PDWHULDOHV H
LQVXPRVSDUDJLUDVDFD
GpPLFDV
‡ $SR\R FRQ DQLPDOHV
SDUD OD LQYHVWLJDFLyQ
FLHQWtÀFD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQFXUVRVIRUPDOSDUDSURIH
VRUUHJXODU
$XPHQWDUODFDQWLGDGGHSUR
IHVRUHV FRQ GHGLFDFLyQ WLHP
SR FRPSOHWR \ DGHPiV SHU
PDQHQWH
6H DSUREy OD DSHUWXUD GH
FRQFXUVR GH XQD &iWHGUD
DVLJQDGDDO'HSDUWDPHQWRGH
(QIHUPHGDGHV 7UDQVPLVLEOHV
\6DOXG3~EOLFDHQHOiUHDGH
(QIHUPHGDGHV7UDQVPLVLEOHV
3RUWDO :HE \ FRUUHR HOHFWUy
QLFR
'HVDUUROODU PHFDQLVPRV GH
FRPXQLFDFLyQLQWHUQD\H[WHUQD
GHOD8QLYHUVLGDGGH3DQDPi
6H KD ORJUDGR OD DFWXDOL]D
FLyQ GH OD SiJLQD :HE HQ
6HUYLFLRV GH /DERUDWRULR GHO
%LRWHULR
$EDVWHFHUDODVGLIHUHQWHVID
FXOWDGHVGHOiUHDFLHQWtÀFDGH
ORVDQLPDOHVUHTXHULGRVSDUD
ODLQYHVWLJDFLyQ
6H GLVWULEX\HRQ DQL
PDOHV
*LUDVDODVFRPXQLGDGHVGH2Oi\HO$JXDFDWHGH&DSLUD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
0DHVWUtDV
%ULQGDU OD RSRUWXQLGDG D ORV
SURIHVLRQDOHV GH ODV FLHQFLDV
YHWHULQDULDVSDUDUHDOL]DUHV
WXGLRVGHPDHVWUtDHQHOSDtV
6HHVWiWUDEDMDQGRFRQMXQWD
PHQWHFRQOD8QLYHUVLGDGGH
&DPDJXH\ &XED HQ HO GH
VDUUROORGHOD0DHVWUtD'LDJ
QyVWLFR9HWHULQDULR
$XWRHYDOXDFLyQGHODFDUUHUD
GH0HGLFLQD9HWHULQDULDDXWR
HYDOXDFLyQ \ HYDOXDFLyQ H[
WHUQD
,PSXOVDU ORV SURFHVRV GH
(YDOXDFLyQ HQ OD &DUUHUD GH
0HGLFLQD9HWHULQDULD
6HKDORJUDGRHQXQHO
DYDQFHGHOSURFHVRGHDXWR
HYDOXDFLyQ GH OD FDUUHUD OD
FXDO FRQWHPSOD LQIRUPHV
GLDJQRVWLFR\SODQHVGHPH
MRUDPLHQWR
3URSRUFLRQDUOLEURVDFWXDOL]D
GRVGHODFDUUHUDDQXHVWURV
HVWXGLDQWHV
6H DGTXLULHURQ OLEURV
GH ORV IRQGRV SUHVXSXHV
WDULRV HVWHWRVFRSLRV HVWXFKH GH FLUXJtD PHQRU
SRU XQ FRVWR GH % $GHPiV VH UHFLELy SDUD DF
WLYLGDGDFDGpPLFDGHORVHV
WXGLDQWHVSRUSDUWHGH$GPL
QLVWUDFLyQ &HQWUDO OLEURV
SRU XQ FRVWR GH % GRQDFLyQ
3HUIHFFLRQDPLHQWRGHOUHFXU
VRKXPDQR
&DSDFLWDU DO SHUVRQDO DGPL
QLVWUDWLYR SDUD EULQGDU PHMRU
VHUYLFLR
&DSDFLWDFLyQ GH RFKR IXQ
FLRQDULRV HQ GLIHUHQWHV WH
PDV &DMD 0HQXGD $QWH
SUR\HFWR GH 3UHVXSXHVWR
3DQDPi&RPSUDV\RWUDV
)XQFLRQDPLHQWR \ PDQWHQL
PLHQWR GH OD LQIUDHVWUXFWXUD
GHODIDFXOWDG
0HMRUDPLHQWR HQ JHQHUDO GH
ODERUDWRULRV VDORQHV GH FOD
VHV\DOPDFpQGHOD)DFXOWDG
0HMRUD GHO VLVWHPD GH SOR
PHUtD HOHFWULFLGDG SLQWXUD
GH SDUHGHV UHSDUDFLyQ GH
VLOODV FDPELR GH FHUUDGX
UDV LQVWDODFLyQ GH ODPLQDV
GHJLSVRQHQHODOPDFpQGH
OD)DFXOWDG
$GTXLVLFLyQGHOLEURV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
VXDO
SDUDKDELOLWDUiUHDVGHWUDEDMR
\DFDGpPLFD
,QVWDODFLyQGHPRGXODUHVHQ
2SWLPL]DU HO IXQFLRQDPLHQWR
YDV
6H LQVWDODURQ HTXLSRV GH
FRPSXWDGRUDV HQ ODERUDWR
YDV 6H LQVWDODURQ DLUHV
DFRQGLFLRQDGRHQHO%LRWHULR
XQ IUHH]HU SDUD ODERUDWRULR
GHDQDWRPtD6HDGTXLULHURQ
WUHV LPSUHVRUDV /iVHU \
XQHTXLSRPXOWLPHGLD
6H FRQWLQXD FRQ GLVHxR H
LQVWDODFLyQGHPRGXODUHVHQ
FRQ XQD LQYHUVLyQ HQ HVWD
IDVHGH%
0DQWHQLPLHQWR \ UHSDUDFLyQ
'DUOHVPDQWHQLPLHQWRDWRGRV
GLIHUHQWHV ODERUDWRULRV GH OD
)DFXOWDG
5HYLVLyQ PDQWHQLPLHQWR \
UHSDUDFLyQ GH HTXLSRV GH
PLFURVFRSLRV HVWHWRVFRSLR
ODPLQDU DXWRFODYHV LQFXED
GRUDVHQWUHRWURV
*LUDDFDGpPLFDHQ'LYLVD
81,9(56,'$''(3$1$0É
)DFXOWDGGH2GRQWRORJtD
3UR\HFWR0HWD5HVXOWDGR
*LUDVRGRQWROyJLFDVDGLVWLQ
WDVFRPXQLGDGHVDQLYHOQD
FLRQDO
5HDOL]DUJLUDVWDQWRHQHOiUHD
PHWURSROLWDQDFRPRHQHOLQ
WHULRU
6HUHDOL]DURQJLUDVDQLYHO
QDFLRQDO$O&ROHJLR/D6D
O O H G H O D S U R Y L Q F L D G H & R O y Q DOD3DUURTXLDGHO&DUPHQ\
DO 9DOOH GH$QWyQ HQ OD SUR
YLQFLDGH&RFOp%
3URGXFFLyQ HQ ODERUDWRULR
GHQWDO
3URGXFLUSUyWHVLVGHQWDOHVHQ
HOODERUDWRULRGHQWDOGHODID
FXOWDG
(O /DERUDWRULR 'HQWDO SUR
GXMR SUyWHVLV GXUDQWH
HO 6HJXQGR 6HPHVWUH GHO
DxR%
$WHQFLyQ2GRQWROyJLFDHVSH
FLDOL]DGD
$WHQFLyQ GH SDFLHQWHV OD
&OtQLFD GH 6HUYLFLRV 2GRQWR
OyJLFRV (VSHFLDOL]DGRV &/,
62(
(Q OD &OtQLFD GH 6HUYLFLRV
2GRQWROyJLFRV (VSHFLDOL]D
GRV&/,62(GHOD)DFXOWDG
GH 2GRQWRORJtD VH DWHQGLH
URQ SDFLHQWHV GXUDQWH
HODxR%
6HUYLFLR GH $VLVWHQFLD 7pF
QLFD
5HDOL]DU JLUDV D QLYHO QDFLR
QDO
/D IDFXOWDG SDUWLFLSy FRQ
VXVWpFQLFRVHQODVGLVWLQWDV
JLUDV UHDOL]DGDV D QLYHO QD
FLRQDO%
6HUYLFLRVRGRQWROyJLFRVHQOD
&OtQLFD2GRQWROyJLFDGH6DQ
0LJXHOLWR
$WHQGHUSDFLHQWHV
/D &OtQLFD 2GRQWROyJLFD GH
6DQ 0LJXHOLWR DWHQGLy SDFLHQWHV GXUDQWH HO DxR
%
3DFLHQWHV DWHQGLGRV HQ OD
&OtQLFD GH OD )DFXOWDG GH
2GRQWRORJtD
1~PHURGHSDFLHQWHVDWHQGL
GRVHQOD&OtQLFDGHOD)DFXO
WDGGH2GRQWRORJtD
(Q OD &OtQLFD 2GRQWROyJLFD
GH OD IDFXOWDG VH DWHQGLH
URQ SDFLHQWHV GH ORV
FXDOHV HUDQ DGXOWRV \
QLxRV%
(MHFXFLyQGHOD$GGHQGDGHO
3URJUDPD6RQULVDGH0XMHU
3DFLHQWHV DGLFLRQDOHV DWHQ
GLGRV
6H DWHQGLHURQ PXMHUHV
SDFLHQWHVDGLFLRQDOHVSRUHO
SURJUDPD%
5(1',&,Ð1'(&8(17$6
*LUD´3URJUDPD6RQULVDGH0XMHUµ
3UR\HFWR0HWD5HVXOWDGR
&RQYHQLRV,QWHUQDFLRQDOHV
)LUPDU FRQYHQLRV LQWHUQDFLR
QDOHV
6H KD FXPSOLGR FRQ OD LP
SOHPHQWDFLyQ GHO FRQYHQLR
FRQOD8QLYHUVLGDGGH%XFD
UDPDQJD &RORPELD FRQ OD
SDUWLFLSDFLyQGHHVWXGLDQWHV
\GRFHQWHV
$SHUWXUD GH 3URJUDPD GH
0DHVWUtD
,QLFLDUPDHVWUtDV
6H LQLFLD OD WHUFHUD 3UR
PRFLyQ GH OD 0DHVWUtD HQ
3HULRGRQFLD%
*LUDV RGRQWROyJLFDV D GLV
WLQWDV &RPXQLGDGHV D QLYHO
QDFLRQDO
5HDOL]DUJLUDVWDQWRHQHOiUHD
PHWURSROLWDQD FRPR HQ HO LQ
WHULRU
6HUHDOL]DURQJLUDVDQLYHO
QDFLRQDO $ OD &RPXQLGDG
GH %XHQRV $LUHV GH &KHSR
FRQOD2SHUDFLyQ6RQULVDDOD
SURYLQFLDGH&KLULTXt$1DUV
3DQDPiDODFRPXQLGDGGH
7RF~PHQ \ JLUDV D 9LHMR
9HUDQLOOR\XQDD&RFOp
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
,QYHVWLJDFLRQHV
,QYHVWLJDFLRQHVUHDOL]DGDV
)RUWDOHFLPLHQWRLQVWLWXFLRQDO
5HFHSFLyQGHHTXLSRVSDUDOD
)DFXOWDGGH2GRQWRORJtD
$SHUWXUD GH 3URJUDPD GH
0DHVWUtD
,QLFLDUPDHVWUtD
/DERUDWRULRGHQWDO
6H UHJLVWUy XQD LQYHVWLJD
FLyQGHSDUWHGHO'RFWRU$Q
WRQLR)LQOD\VRQFRQHO7tWXOR
´$VSHFWR$FDGpPLFR\$GPL
QLVWUDWLYRVHQ2UWRGRQFLD
6H KDQ UHFLELGR XQLGDGHV
GHQWDOHVSDUDVHULQVWDODGDV
HQ OD 6HFFLyQ GH ,QYHVWLJD
FLyQ\3RVWJUDGR
6H GLR LQLFLR D OD 0DHVWUtD
HQ2UWRGRQFLD\DO3URJUDPD
GH(VSHFLDOL]DFLyQHQ3HULR
GRQFLD
5(1',&,Ð1'(&8(17$6
)DFXOWDGGH3VLFRORJtD
(OGHVSOHJDUXQLQIRUPHGHUHQGLFLyQGHFXHQWDDODFRPXQLGDGXQLYHUVLWDULDUHSUHVHQWDSDUD
ORVLQWHJUDQWHVGHOD)DFXOWDGGH3VLFRORJtDPiVTXHHOFXPSOLUFRQXQUHTXHULPLHQWRLQVWLWX
FLRQDOXQHMHUFLFLRUHWURVSHFWLYRXQDRSRUWXQLGDGSDUDGLPHQVLRQDUORDFWXDGR\GHWHFWDUHO
JUDGRGHHÀFLHQFLDORJUDGRFRQPLUDVDUHDOL]DUDFFLRQHVGHPHMRUDFRQWLQ~D
3UR\HFWR0HWD5HVXOWDGR
$PSOLDFLyQ GH OD FREHUWXUD
GHDWHQFLyQ
$PSOLDU ODV RSRUWXQLGDGHV D
ORV HJUHVDGRV GH OD OLFHQFLD
WXUD GH UHDOL]DU ORV HVWXGLRV
GHPDHVWUtD
OLFHQFLDGRV REWXYLHURQ
OD 0DHVWUtD HQ 3VLFRORJtD
&OtQLFD \ OD 0DHVWUtD HQ
3VLFRORJtD(VFRODU
'LVPLQXLU ORV QLYHOHV GH H[
FOXVLyQGHODVSHUVRQDVFRQ
QHFHVLGDGHV HVSHFLDOHV HQ
OD SREODFLyQ HVWXGLDQWLO XQL
YHUVLWDULD
6H UHDOL]y HO 'LSORPDGR GH
$IURQWDPLHQWR \ 0DQHMR GH
OD 'LVFDSDFLGDG 8QD DOWHU
QDWLYD SDUD OD )DPLOLD FRQ
HOFXDOVHEHQHÀFLyDSD
GUHVGHIDPLOLD\DVXVKLMRV
FRQQHFHVLGDGHVHVSHFLDOHV
VXIUDJDGR SRU OD 6HFUHWDULD
1DFLRQDOGHOD'LVFDSDFLGDG
6(1$',6 \ FRRUGLQDGR
SRUHOSHUVRQDOGHOD2ÀFLQD
GH (TXLSDUDFLyQ GH 2SRUWX
QLGDGHV FRQ VHGH HQ OD )D
FXOWDGGH3VLFRORJtD
6H RIHUWD XQ QXHYR 3URJUD
PD GH 0DHVWUtD HQ HO iUHD
GH 3VLFRORJtD ,QGXVWULDO \
2UJDQL]DFLRQDO \ VH FXHQWD
FRQ OD 0DOOD &XUULFXODU GHO
3ODQ GH (VWXGLR SDUD OD IRU
PDFLyQ GHO7pFQLFR HQ 'UR
JRGHSHQGHQFLD
'LYHUVLÀFDFLyQ GH OD RIHUWD
DFDGpPLFD D QLYHO GH SRVW
JUDGR \ SUHJUDGR HQ OD )D
FXOWDGGH3VLFRORJtD
%ULQGDU XQD QXHYD RSFLyQ
GHHVSHFLDOL]DFLyQDQLYHOGH
PDHVWUtDDORVOLFHQFLDGRVHQ
SVLFRORJtD
(GXFDFLyQFRQWLQXD
2IUHFHUDSURIHVLRQDOHVGHOD
VDOXG WpFQLFDV GH +LSQRVLV
7HUDSpXWLFDXWLOL]DQGRODPR
GDOLGDGGH'LSORPDGR
8QWRWDOSURIHVLRQDOHVGH
ODV iUHDV GH OD SVLFRORJtD
PHGLFLQD \ RGRQWRORJtD HQ
WUHRWUDVVHKDELOLWDURQHQHO
XVRGHODKLSQRVLVFRPRXQD
KHUUDPLHQWD SDUD SURPRYHU
HOELHQHVWDUGHVXVXVXDULRV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFHU ORV YtQFXORV HQ
WUH HO SVLFyORJR \ ORV RWURV
SURIHVLRQDOHV GH ODV FLHQFLD
GH OD VDOXG FRPSDUWLHQGR
H[SHULHQFLDV GH SHUIHFFLRQD
PLHQWR HQ PDWHULD SVLFRORJtD
ÀVLROyJLFD \ QHXURSVLFRORJtD
FOtQLFD
'tDGHFODVHVHQODIDFXOWDGGH3VLFRORJtD
SURIHVLRQDOHVHQWUHHOORV
SVLFyORJRV PpGLFRV QHX
UyORJR QHXURFLUXMDQR \ SVL
TXLDWUD YHWHULQDULRV IDUPD
FpXWLFRV HVSHFLDOLVWDV HQ
GLDJQRVWLFR \ UHKDELOLWDFLyQ
GH OD GLVFDSDFLGDG \ HVWX
GLDQWHVGHSVLFRORJtDSDUWLFL
SDURQHQHO6HPLQDULR7DOOHU
GH $FWXDOL]DFLyQ GH 3VLFR
ORJtD )LVLROyJLFD \ 1HXURS
VLFRORJtD &OtQLFD GLFWDGR
SRU HO 'U 5DIDHO *XWLpUUH]
0p[LFR')HO'U5LFDUGR
GH 2EDOGLD HO 'U &ULVWyEDO
1LHWR 3VLFyORJR \ OD 0JWUD
,QpV3pUH]
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&DOLGDGGHORVVHUYLFLRV(GX
FDWLYRVD1LYHO6XSHULRU
%ULQGDU KHUUDPLHQWDV DO SHU
VRQDO GRFHQWH \ HVWXGLDQWHV
SDUDODDSOLFDFLyQGHO$QiOLVLV
&RQGXFWXDO HQ ODV LQWHUYHQ
FLRQHVSVLFROyJLFDV
2FKHQWD \ GRV HVWXGLDQWHV
\ SURIHVLRQDOHV SDUWLFLSDURQ
HQODMRUQDGD$FDGpPLFDGH
3VLFRSDWRORJtD GHO 'HVDUUR
OOR 7pFQLFDV GH LQWHUYHQ
FLyQ GH$QiOLVLV &RQGXFWXDO
$SOLFDGR D 3REODFLRQHV FRQ
1HFHVLGDGHV (VSHFLDOHV
'LFWDGR SRU HO 'U (GJDUG
*DOLQGR GH OD 8QLYHUVLGDG
/LEUHGH%HUOtQ$OHPDQLD
$FUHGLWDU OD /LFHQFLDWXUD GH
3VLFRORJtDHQHO
6HFRQFOX\yOD$XWR(YDOXD
FLyQGHOD&DUUHUD
'RFXPHQWR GH $XWRHYDOXD
FLyQ DO 2UJDQLVPR$FUHGLWD
GRU SDUD HO DQiOLVLV SRU ORV
SDUHVH[WHUQRV
5HYLVWD (OHFWUyQLFD 5(',3
6,&
'RWDFLyQGHHTXLSR
*HQHUDFLyQGHLQJUHVRV
&RPSDUWLUHLQWHUFDPELDUFRQ
OD FRPXQLGDG FLHQWtÀFD GHO
iUHD GH OD 3VLFRORJtD \ FLHQ
FLDVDÀQHVORVFRQRFLPLHQWRV
REWHQLGRVSURGXFWRGHOWUDED
MRLQYHVWLJDWLYRUHDOL]DGR
6HGLVSRQHGHXQHVSDFLRHQ
OD:HESDUDGLYXOJDUUHFRSL
ODFLRQHV GH LQYHVWLJDFLRQHV
\DUWtFXORVGHVDUUROODGRVSRU
HOSHUVRQDOGRFHQWHHLQYHV
WLJDGRUHV GH OD )DFXOWDG GH
3VLFRORJtD
)DFLOLWDU HO WUDEDMR GH ORV DG
PLQLVWUDWLYRGRFHQWHV\HVWX
GLDQWHV
'RWDFLyQ GH HTXLSRV D ORV
FXDWUR GHSDUWDPHQWRV HQ OD
HMHFXFLyQ GHO SUHVXSXHVWR
6H UHHPSOD]D
URQWRGRVORVPRQLWRUHVSRU
SDQWDOODVSODQDV&38
&RQWDUFRQUHFXUVRVSDUDPH
MRUDUORVVHUYLFLRV
7RWDOLQJUHVDGRDODIDFXOWDG
%
6H KL]R HO SULPHU SDJR GHO
SDUD OD LQVWDODFLyQ GH
DVFHQVRU SDUD ODV SHUVRQDV
GLVFDSDFLWDGDV
5(1',&,Ð1'(&8(17$6
,9&(175265(*,21$/(6
81,9(56,7$5,26<(;7(16,21(6
81,9(56,7$5,$6
81,9(56,'$''(3$1$0É
&HQWUR5HJLRQDO8QLYHUVLWDULRGH$]XHUR
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWRGHGRFHQFLD
0HMRUDU \ IRUWDOHFHU OD RIHUWD
DFDGpPLFD
$SHUWXUD 0DHVWUtD HQ $G
PLQLVWUDFLyQ (GXFDWLYD HVWXGLDQWHV *UXSR 1R GH 3RVWJUDGR HQ GRFHQFLD
6XSHULRU HVWXGLDQWHV
&XUVRGH3HUIHFFLRQDPLHQWR
HQ'LGiFWLFDGHO1LYHO6XSH
ULRUSURIHVRUHV
3UR\HFWRGHLQYHVWLJDFLyQGH
LPSDFWRVRFLDO
'HVDUUROORGHLQYHVWLJDFLRQHV
,QYHVWLJDFLyQ ´'HIHQVD \
'RPLQLRGHO&DFLTXH3DULWDµ
3URI5RJHOLR+HUUHUD
3URJUDPDGHH[WHQVLyQ
)RUWDOHFHU ORV SURJUDPDV GH
YLQFXODFLyQFRQODFRPXQLGDG
HLQFRUSRUDUDORVHVWXGLDQWHV
DOFDPSR
,,, &RQJUHVR &LHQWtÀFR GH
$]XHUR FRQ XQD SDUWLFLSD
FLyQGHSDUWLFLSDQWHV\
PiVGHDFWLYLGDGHV
&RQYHUVDWRULR ´5HYRFDWRULD
GH0DQGDWR\3HUGLGDGHOD
(OHFWRUDOGH3DQDPi
*LUDV$FDGpPLFDV&RPDUFD
1JREH\%XJOH3OD\D0RQD
JUH SDUD DQiOLVLV GH OD FDOL
GDG GH DJXDV /DERUDWRULR
GH$QiOLVLV GH 4XtPLFRV GH
6XHOR ,',$3',9,6$ )LQFD
&DIpGHO&DQDMDJXD
$VXQWRVHVWXGLDQWLOHV
&RQWULEXLUDOGHVDUUROORLQWHJUDO
GHODSREODFLyQHVWXGLDQWLO
6HJXUR (VWXGLDQWLO EH
QHÀFLDULRV
6DOXG,QWHJUDOEHQHÀFLD
GRV
0DWUtFXOD SRU 7UDEDMR EHQHÀFLDULRV
&DUQHWEHQHÀFLDULRV
$WHQFLyQ 3VLFROyJLFD EHQHÀFLDULRV
$\XGDV (FRQyPLFDV %HQHÀFLDULRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3URGXFFLyQ\VHUYLFLRV
&RQVROLGDU OD RIHUWD GH ORV
VHUYLFLRVTXHVHRIUHFHQHQHO
FHQWUR
$QiOLVLVGHDJXDVDOD3ODQ
WD3RWDELOL]DGRUDGHO,'$$1
GH /D 3LVFLQD 3~EOLFD GH
&KLWUp\/RV6DQWRV
$SUREDFLyQ GHO 3UR\HFWR GH
,QFXEDFLyQGH(PSUHVDV
*HVWLyQDGPLQLVWUDWLYD
*DUDQWL]DU HO EXHQ IXQFLRQD
PLHQWR GH OD 8QLGDG $FDGp
PLFD
‡
‡
‡
‡
‡
$PSOLDFLyQ GHO$OPDFpQ
*HQHUDO
&RQVWUXFFLyQGHO&RPH
GRU$GPLQLVWUDWLYR
&RQVWUXFFLyQGHXQD*D
ULWDGH6HJXULGDG\SXHU
WD FRUUHGL]D HQ HO iUHD
GHHVWDFLRQDPLHQWR
,QVWDODFLyQ GH OD 5HG
,QDOiPEULFD
5HYHVWLPLHQWR GH SDUH
GHV GHO $XGLWRULR FRPR
DLVODQWHGHUXLGR
$FRQGLFLRQDPLHQWRGHODVDOD
GH FRQIHUHQFLDV $ FRPR
VDOyQ YLUWXDO FRQ OD DGTXLVL
FLyQGHPRGHUQRVHTXLSRV
&UHDFLyQ GH OD 5HYLVWD 9L
VLyQ$QWDWDXUD
,QQRYDFLyQWHFQROyJLFD
+DELOLWDUHVSDFLRVItVLFRVSDUD
EULQGDUXQPHMRUVHUYLFLR
&UHDFLyQGHXQD5HYLVWD8QL
YHUVLWDULD
,PSXOVDU \ SXEOLFDU DUWtFXORV
R UHVXOWDGRV GH LQYHVWLJDFLR
QHV
,QWHUFDPELRLQWHUQDFLRQDOHV
WXGLDQWLO
&RPSDUWLU H[SHULHQFLDV \ FR
QRFLPLHQWRV
'HVDUUROORGHDFWLYLGDGHVHQ
OD FRPXQLGDG FRQ ORV HVWX
GLDQWHV GH OD 8QLYHUVLW\ RI
6RXWK)ORULGD
$PSOLDU OD RIHUWD DFDGpPLFD
FRQ FDUUHUDV TXH VH H[LJHQ
VHJ~QODVQHFHVLGDGGHOPHU
FDGR
$SHUWXUDGHQXHYDVFDUUHUDV
)RUWDOHFLPLHQWR GH ORV FXUVRV
GHHVSHFLDOLGDGHV\PDHVWUtDV
$SHUWXUDGH
/LFHQFLDWXUD HQ 6DOXG RFX
SDFLRQDOFRQPDWUtFXODGH
HVWXGLDQWHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
)RUWDOHFLPLHQWR GH ODV FRP
SHWHQFLDV HQ MRUQDGDV GH
HGXFDFLyQFRQWLQXD
7pFQLFR HQ (FRQRPtD $P
ELHQWDO FRQ PDWUtFXOD GH HVWXGLDQWHV
0DHVWUtD HQ &RQWDELOLGDG
FRQXQDPDWUtFXODGHHV
WXGLDQWHV
0DHVWUtD HQ $GPLQLVWUDFLyQ
(GXFDWLYD FRQ PDWUtFXOD GH
HVWXGLDQWHV
(VSHFLDOLGDG HQ $WHQFLyQ
GHO3DFLHQWH$GXOWRHQ(VWD
GR &UtWLFR FRQ PDWUtFXOD GH
HVWXGLDQWHV
(VSHFLDOLVWDV HQ 'RFHQFLD
6XSHULRU FRQ XQD PDWUtFXOD
GHHVWXGLDQWHV
´'LSORPDGR 0LFURELRORJtD
$PELHQWDOµ$FWD9,(;
9LVWDGHO&HQWUR5HJLRQDOGH$]XHUR
´'LSORPDGR,QWHUQDFLRQDOHQ
*REHUQDELOLGDG \ *HUHQFLD
3~EOLFDµ 0DWUtFXOD GH (VWXGLDQWHV
6HPLQDULR
3DUDVLWRORJtD
$PELHQWDO
(VWDEOHFHU DOLDQ]DV HQ OD
E~VTXHGD GH IRUWDOHFHU D OD
8QLYHUVLGDGGH3DQDPiSDUD
HOGHVDUUROORGHOSDtV
3DVDQWtDVGHHVWXGLDQWHVHQ
,QVWLWXFLRQHV FRPR ,'$$1
0,'$ ,',$3 &$0$&2 $/
75,; +RVSLWDO &HFLOLR &DVWL
OOHUR0LQLVWHULRGH(GXFDFLyQ
)RUWDOHFHU ORV FRQRFLPLHQ
WRV WHyULFRV ² SUiFWLFRV GH
ORV HVWXGLDQWHV DO SDUWLFLSDU
GHHVWDVSDVDQWtDV
3UR\HFWRVGHLQYHVWLJDFLyQ
(YDOXDUOD´&DOLGDGPLFURELR
OyJLFDGHORVPHORQHV\VDQ
GtDVGHH[SRUWDFLyQ
,QYHVWLJDFLyQ ´(YDOXDFLyQ OD
´&DOLGDGPLFURELROyJLFDGHORV
PHORQHV\VDQGtDVGHSODQWDV
HPSDFDGRUDV \ H[SRUWDGRUDV
GHIUXWDVGH$]XHUR
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
0HMRUDU OD LQIUDHVWUXFWXUD \
PRELOLDULR
,GHQWLÀFDUVLVWHPDWL]DU\HYD
OXDU HO XVR GH HVSHFLHV GH
SODQWDVPHGLFLQDOHVµ
,QYHVWLJDFLyQ ´3ODQWDV PH
GLFLQDOHVXWLOL]DGDVHQOD5H
VHUYD )RUHVWDO /D 7URQRVDµ
DXWRUD1LOND7RUUHV
2IUHFHUXQDPELHQWHDGHFXD
GR SDUD HO SURFHVR GH HQVH
xDQ]DDSUHQGL]DMH
&RQVWUXFFLyQ GH XQ QXHYR
HGLÀFLR´(µ
‡ $GTXLVLFLyQ GH XQD %XV
GH SDVDMHURV SDUD
UHDOL]DFLyQGHJLUDVDFD
GpPLFDV
‡ ,QVWDODFLyQ GH DLUHV
DFRQGLFLRQDGRVVSOLWVHQ
GLIHUHQWHV DXODV GH FOD
VHV
‡ $GTXLVLFLyQ GH PRELOLD
ULRV \ HTXLSRV /&' \
WHDWUR HQ FDVD FiPDUD
IRWRJUiÀFDVGDWDVKRZV
WHOHYLVLyQ SODVPD SDQ
WDOODV \ UHWURSUR\HFWR
UHV PXHEOHV GH LQIRU
PiWLFD
‡ 'RWDFLyQ GH QXHYRV
PLFURVFRSLRV \ RWURV
HTXLSRV HOHFWUyQLFRV H
LQIRUPiWLFRV
‡ $GHFXDFLyQGHORVFDQD
OHV GH DJXDV SOXYLDOHV
HQORVMDUGLQHVGHO&HQ
WUR8QLYHUVLWDULR
‡ 0DQWHQLPLHQWR\SLQWXUD
GH ORV HGLÀFLRV GHO FHQ
WUR
‡ &RORFDFLyQ GH FLHORUUD
VRHLQVWDODFLyQGHOiP
SDUDVGHHPHUJHQFLDHQ
ORV SDVLOORV GH ORV HGLÀ
FLRV$\'
5HPRGHODFLRQHVGHOSLVRGHODFDIHWHUtD
&HQWURGH,QFXEDFLyQGH(P
SUHVDV
)RUPDFLyQ LQWHJUDO D HVWX
GLDQWHV \ SDUWLFXODUHV SDUD
FUHDFLyQ GH HPSUHVDV \ HP
SUHVDULRV
&UHDFLyQ GH XQ FHQWUR GH
,QFXEDFLyQ H ,QQRYDFLyQ GH
(PSUHVDV FRQ HO DSR\R GH
OD(PEDMDGD&KLQD7DLZDQ
03<0(\6,'(3
81,9(56,'$''(3$1$0É
&HQWUR5HJLRQDO8QLYHUVLWDULRGH%RFDVGHO7RUR
3UR\HFWR0HWD5HVXOWDGR
&RQYHQLRV GH PXWXR DSR\R
FRQ ,QVWLWXFLRQHV QR JXEHU
QDPHQWDOHV
&RQWDFWDU\HVWDEOHFHUPHVDV
GH GLiORJRV FRQ HO 3UR\HFWR
%LQDFLRQDO 6L[DROD$(6 \ OD
+LGURHFROyJLFDGHO7HULEH
&RQIHUHQFLDV
/RJUDUODSDUWLFLSDFLyQGHHV
WXGLDQWHVGRFHQWHV\DGPLQLV
WUDWLYRVHQDFWLYLGDGHVDFDGp
PLFDVH[WUDFXUULFXODUHV
´&RQPHPRUDFLRQHVµ
3DUWLFLSDFLyQ GH HVWXGLDQWHV
GRFHQWHV\DGPLQLVWUDWLYRVHQ
DFWLYLGDGHV DFDGpPLFDV H[
WUDFXUULFXODUHV
3DUWLFLSDFLyQFRQOD+LGURHFR
OyJLFDGHO7HULEH\HQUHXQLR
QHV FRQ ORV HQFDUJDGRV GHO
SUR\HFWR%LQDFLRQDO6L[DROD
‡ &RQIHUHQFLDV ´,PSRU
WDQFLD GH OD %LRGLYHUVL
GDG \ 5HJLVWUR 3UHOLPL
QDU GH OD $YLIDXQD GHO
6HQGHUR /DV +HOLFRQLDV
GHO3DUTXH,QWHUQDFLRQDO
/D $PLVWDG %RFDV GHO
7RURµ([SRVLWRUD$OD\QD
4XLQQ FRQ OD SDUWLFLSD
FLyQGHHVWXGLDQWHV\
GRFHQWHV
‡ *LUD HQ FRQPHPRUDFLyQ
GHO'tDGHOD%LRGLYHUVL
GDGFRQODSDUWLFLSDFLyQ
GHHVWXGLDQWHV
6HFRQPHPRUyGHO'tDGHOD
7LHUUD FRQ OD SDUWLFLSDFLyQ
GH HVWXGLDQWHV \ GR
FHQWHV
2EUD GH 7HDWUR &XLGHPRV
QXHVWUD7LHUUD
&RQIHUHQFLD ´3RUTXp VH FHOH
EUDHO'tDGHOD7LHUUD\TXp
SRGHPRVKDFHUSDUDSURWHJHU
ODµ([SRVLWRUD<HQ\*RQ]iOH]
´+LVWRULDGHOD7LHUUDµ([SRVL
WRUD'HQLV$OPDQ]D
&RQPHPRUDFLyQGHO0HVGHO
0HVGHORV5HFXUVRV1DWXUD
OHVFRQODSDUWLFLSDFLyQGH
HVWXGLDQWHV\GRFHQWHV
5(1',&,Ð1'(&8(17$6
9LVLWDGHO'U*XVWDYR*DUFtDGH3DUHGHVDODFRPXQLGDGGH.DQNLQW~
3UR\HFWR0HWD5HVXOWDGR
´&RQPHPRUDFLRQHVµ
3DUWLFLSDFLyQ GH HVWXGLDQWHV
GRFHQWHV\DGPLQLVWUDWLYRVHQ
DFWLYLGDGHV DFDGpPLFDV H[
WUDFXUULFXODUHV
&RQPHPRUDFLyQGHO´'tDGH
OD(WQLD1HJUD&RQIHUHQFLD
´$SRUWHV GH OD (WQLD 1HJUD
DO 'HVDUUROOR GH OD +XPD
QLGDGµ ([SRVLWRU 5LFDUGR
9D]
&RQIHUHQFLDV
´(QFHIDOLWLV (TXLQD HQ 3D
QDPiFDXVDV\FRQVHFXHQ
FLDVµ ([SRVLWRU 'U &DUORV
)ORUHV
´3URGXFWRV 1DWXUDOHV GH OD
&DxDGH$]~FDUµ([SRVLWRU
0DQXHO&DEDOOHUR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&HOHEUDFLyQ GHO 0HV GH ORV
5HFXUVRV1DWXUDOHV
$XPHQWR GH OD SDUWLFLSDFLyQ
GHORVHVWXGLDQWHVXQLYHUVLWD
ULRVHQDFWLYLGDGHVGHSURWHF
FLyQ\PHMRUDDPELHQWDO
6H SUHPLy D HVWXGLDQWHV
XQLYHUVLWDULRVHQHOFRQFXUVR
IRWRJUiÀFR
3UHPLDFLyQ SRU SDUWH GH
$1$0 D OD H[FHOHQFLD LQ
YHVWLJDWLYD GHO SUR\HFWR GH
LQYHVWLJDFLyQGHODHVWXGLDQ
WH GH 'RFHQFLD HQ %LRORJtD
$OD\QD 4XLQQ WLWXODGR ´,Q
YHQWDULR3UHOLPLQDUGHOD$YL
IDXQDGHO6HQGHUR/DV+HOL
FRQLDV GHO 3DUTXH 1DFLRQDO
,QWHUQDFLRQDO /D $PLVWDG
%RFDVGHO7RURµ
&RPLVLyQ SDUD (YDOXDFLyQ
GHO SURJUDPD GH 3RVW JUDGR
\0DHVWUtD
'LVHxDU FUHDU \ DGHFXDU ODV
SURSXHVWDVGHSURJUDPDVGH
3RVWJUDGR
(YDOXDFLyQ GHO 3RVW JUDGR
\OD0DHVWUtDHQPDQHMRGHO
$PELHQWH FRQ eQIDVLV HQ
(YDOXDFLyQ GH ,PSDFWR $P
ELHQWDO
/LEURV\DGHFXDFLyQGHOLEUH
UtD\ELEOLRWHFD
$GTXLVLFLyQ\FRQIHFFLyQGHÀ
FKDVELEOLRJUiÀFDGHWH[WRVSDUD
XVRGHHVWXGLDQWHV\GRFHQWHV
0HMRUDUHOVHUYLFLRGHOLEUHUtD
$GTXLULGRVWH[WRV
OLEURV FDWDORJDGRV FLHQWtÀ
FDPHQWH,QYHUVLyQHQ
WH[WRV
6LVWHPDGH,QWHUQHWLQDOiPEUL
FR(QHO&58\HQ)LQFD
%ULQGDU D ORV HVWXGLDQWHV \
GRFHQWHVXQVLVWHPDGH,QWHU
QHWLQDOiPEULFR
)DFLOLGDGHV SDUD DFFHGHU D
OD LQIRUPDFLyQ GLJLWDOL]DGD
HQORVSUHGLRVGHO&HQWUR
$GTXLVLFLyQ GH FRPSXWDGR
UDV\GHHTXLSRVGH0XOWLPH
GLD\DXGLRYLVXDOHV
$WHQFLyQ D /DERUDWRULR GH
OHQJXDV RÀFLQDV \ RWUD
iUHDV SDUD PHMRUDU HO UHFXU
VRGLGiFWLFR
6H DGTXLULHURQ FRPSXWDGR
UDVSUR\HFWRUHVPXOWLPH
GLDXQDLPSUHVRUDXQPRQL
WRU/&'GHµ\XQVFDQQHU
TXH IXHURQ GLVWULEXLGRV HQ
GH.DQNLQW~/DV7DEODV%R
FDV,VOD/DERUDWRULRGH/HQ
JXDV%LEOLRWHFD
&RQVWUXFFLyQ \ UHOOHQR GHO
SLVRGH*LPQDVLR
WHUPLQDU OD FRQVWUXFFLyQ GHO
JLPQDVLR
9WD)DVH % HQ
FRVWRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&HUFD 3HULPHWUDO H LQVWDOD
FLyQ GH WDQTXH GH DJXD HQ
ÀQFD
0D\RU VHJXULGDG SDUD ORV
PLHPEURVGHODIDPLOLDXQLYHUVL
WDULD\ORVELHQHVH[LVWHQWHV6X
PLQLVWUDUDJXDDSHUVRQDV
$YDQFHGH\GH
LQVWDODFLyQ GHO WDQTXH GH
DJXD
&RQVWUXFFLyQGHFDIHWHUtD
%ULQGDUDWHQFLyQDOLPHQWDULDD
HVWXGLDQWHV\GRFHQWHV
&RQVHFXFLyQ GH$LUHV DFRQ
GLFLRQDGRV H LQVWDODFLyQ GH
PRVDLFRVHQODHQWUDGD
%ULQGDUXQPHMRUDPELHQWHGH
WUDEDMR\GHHVWXGLRHPEHOOH
FHUODIDFKDGDGHO&HQWUR
GHDYDQFHHQFDIHWHUtD
PRELOLDULRPDUTXHVLQDiUHD
GHFRPHGRUHVFDOLQDWDHWF
6H LQVWDODURQ DLUHV DFRQGL
FLRQDGRV HQ HO /DERUDWRULR
HQODRÀFLQDGHOD6XEGLUHF
FLyQ DXODV GH FODVHV DXGL
WRULR GH )LQFD ,QVWDOD
FLyQGHPRVDLFRV
$PSOLDFLyQ GH OD %LEOLRWHFD
'LyJHQHV &HGHxR &HQFL \
FDPELRGHFLHORUDVR
&RQWDU FRQ HVSDFLR ItVLFR
PiVDPSOLR\RIUHFHUXQPH
MRUVHUYLFLRDORVYLVLWDQWHV
6H H[SDQGLy HVSDFLR ItVLFR
VHSLQWyODELEOLRWHFDHLQV
WDORFLHORUDVR
3LQWXUDGHOHGLÀFLRGH)LQFD
,QWHULRU \ ([WHULRU \ WDQ
TXH GH UHVHUYD GH DJXD GH
ÀQFD
0HMRUDU OD IDFKDGD ItVLFD GHO
HGLÀFLR\GDUOHPDQWHQLPLHQWR
DOWDQTXHGHUHVHUYDGHDJXD
6H SLQWDURQ ODERUDWRULRV
GHLQIRUPiWLFDRÀFLQDDXGL
WRULR SDVLOORV \ OD SDUWH H[
WHULRUGHOHGLÀFLR\HOWDQTXH
GHDJXDGHÀQFD
&DPELRGHOVLVWHPDHOpFWULFR
HQODERUDWRULRV\RÀFLQDV
$PSOLDUODFDSDFLGDGHOpFWULFD
SDUD GRWDU GH XQ PD\RU Q~
PHURGHHTXLSRGHFyPSXWR\
JDUDQWL]DUVXXVRySWLPR
6H DJUHJDURQ QXHYRV SD
QHOHV SDUD SHUPLWLU HO XVR H
LQVWDODFLyQGHXQPD\RUQ~
PHUR GH FRPSXWDGRUDV HQ
RÀFLQDV\ODERUDWRULRV
0HMRUDPLHQWRGHODVOXPLQD
ULDV HQ VDORQHV SDVLOORV \
RÀFLQDV
0HMRUDUODVLQVWDODFLRQHVItVL
FDV
$XPHQWDUODÁRWDYHKLFXODU
)DFLOLWDU HO WUDQVSRUWH D JLUDV
DFDGpPLFDV
6H FDPELDURQ ORV WUDQVIRU
PDGRUHV\FDPELRGH)LQFD
\)LQFD
6H FRPSUy XQ QXHYR %XV
&RDVWHU SDVDMHURV \ XQ
1LVVDQ 3LFNXS IURQWLHU SXHUWDV6HFRQVLJXLyGRQD
FLyQSRUPHGLRGHO),6GHXQ
1LVVDQ3DWUROSDUD.DQNLQW~
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWRGHODVPDTXL
QDULDV\HTXLSRV
(YLWDUHOGHWHULRURGHODVPi
TXLQDV\HTXLSRV
6HUHDOL]DHOPDQWHQLPLHQWR
SUHYHQWLYR GH XQLGDGHV
GH DLUHV DFRQGLFLRQDGRV YHKtFXORV VLVWHPD GH ERP
ED GH DJXD \ SODQWDV
HOpFWULFDV SDUD SHUPLWLU HO
GHVDUUROOR DFDGpPLFR \ DG
PLQLVWUDWLYR
&RQWUDWDFLyQGHSHUVRQDO
)RUWDOHFLPLHQWR GHO UHFXUVR
KXPDQR
6HKDQFRQWUDWDGRYLJLODQ
WHV WUDEDMDGRUHV PDQXD
OHV XQD RÀFLQLVWD SDUD OD
ELEOLRWHFD
'RWDUGHXQLIRUPHVDOSHUVR
QDODGPLQLVWUDWLYR
3UHVHQWDFLyQ GH EXHQD LPD
JHQGHOSHUVRQDODGPLQLVWUDWL
YRGHODVVHFFLRQHVPDQWHQL
PLHQWRYLJLODQFLDVHFUHWDULDV
\SHUVRQDOHOJHQHUDO
6HFRPSUDURQFDPLVDVSDUD
FRODERUDGRUHV
&UHDFLyQGHODV&RPLVLRQHVGH
(YDOXDFLyQGH,QYHVWLJDFLyQ
(YDOXDU ODV LQYHVWLJDFLRQHV
JHQHUDGDVHQHO&HQWUR
6HFUHyODSULPHUDFRPLVLyQ
SHUPDQHQWH
3URPRFLyQ GH 3RVWJUDGRV \
0DHVWUtDV HQ OD ,, )HULD 8QL
YHUVLWDULD HQ ORV &HQWURV
(GXFDWLYRVHQHO$QH[R8QL
YHUVLWDULRGH.$1.,17Ô\HQ
ODFRPXQLGDG
'DU LQLFLR FRQ HO 9 \ 9, JUX
SRGH3RVWJUDGRHQ'RFHQFLD
6XSHULRU
,QLFLDURQORVJUXSRVGH3RVW
JUDGRHQ'RFHQFLD6XSHULRU
GRFHQWHVGH.DQNLQW~HQ
HOSURJUDPDGH(VSHFLDOL]D
FLyQHQ'RFHQFLD6XSHULRU
6H GLR LQLFLR FRQ HO , JUXSR
GHOD0DHVWUtDHQ'LGiFWLFD
IRUPDGRSRUHVWXGLDQWHV
,QVWDODFLyQGHYDOODVSURPR
FLRQDOHV GH FDUUHUDV XQLYHU
VLWDULDV
'LIXVLyQ GH ODV DFWLYLGDGHV
DFDGpPLFDV FXOWXUDOHV \ GHO
TXHKDFHUXQLYHUVLWDULR
0DQWHQHULQIRUPDGDDODFR
PXQLGDG ERFDWRUHxD VREUH
ODODERUXQLYHUVLWDULD6HGL
IXQGHXQDYH]SRUVHPDQD
7HQHU SUHVHQFLD GHQWUR GH OD
FRPXQLGDG \ PDQWHQHU LQIRU
PDGRVGHODVFDUUHUDVTXHVH
RIUHFHQHQHO&HQWUR
6HLQVWDODURQYDOODVHQOX
JDUHVHVWUDWpJLFRVHQODFR
PXQLGDG
5(1',&,Ð1'(&8(17$6
&HQWUR5HJLRQDO8QLYHUVLWDULRGH&RFOp
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWR GH UHOOHQR \ SOD]D
GH HVWDFLRQDPLHQWR FRQ HQ
WUDGDSULQFLSDO\SLQDFRWHFD
%ULQGDU XQ HVWDFLRQDPLHQWR
DGHFXDGR HQ HO &58 \ FXOWL
YDUODVDUWHVSOiVWLFDV
‡
‡
‡
&RQIHFFLyQGH3ODQRV
(QWUHJDGH3UHVXSXHVWR
/LFLWDFLyQ
)DVHGHO*LPQDVLR$XGLWRULR
%ULQGDU D ORV HVWXGLDQWHV XQ
JLPQDVLR DXGLWRULR SDUD ODV
DFWLYLGDGHV FXOWXUDOHV \ GH
SRUWLYDV
‡
‡
‡
&RQIHFFLyQGH3ODQRV
(QWUHJDGH3UHVXSXHVWR
/LFLWDFLyQ
5HPRGHODFLyQGHOD%LEOLRWH
FD
(TXLSDUFRQHOPRELOLDULRQH
FHVDULR
&RPSUDGHPHVDV\
VLOODV
,QIUDHVWUXFWXUD
0HMRUDVGHVDORQHVGHFODVHV
,QVWDODFLyQ GH SXHUWDV GH YL
GULRSXHUWDVGHYLGULR
5HFXSHUDFLyQ GH OD 3ODQWD
GH$OLPHQWRV
$PSOLDUORVHVSDFLRVGLVSRQL
EOHV
&RQIHFFLyQGH3ODQRV
&RQVHFXFLyQGH3UHVXSXHVWR
&DSDFLWDFLyQ
%ULQGDUVHPLQDULRV
‡
‡
‡
‡
6HPLQDULR ,QWHUQDFLRQDO
$GPLQLVWUDFLyQ (FRQR
PtD $PELHQWDO \ (FROR
JtD3DUWLFLSDQWHV
6HPLQDULR
3DQDPi
&HQWUR )LQDQFLHUR ,QWHU
QDFLRQDO \ OD 6XSHULQ
WHQGHQFLDGH%DQFRV
SDUWLFLSDQWHV
6HPLQDULR ,QWHUQDFLRQDO
´0RGHOR &XUULFXODU 8QL
YHUVLWDULR EDMR OD 7HRUtD
(GXFDWLYD 7UDQVFRPSOH
MDµSDUWLFLSDQWHV
6HPLQDULR 7DOOHU ´ 3ODQL
ÀFDFLyQ (VWUDWpJLFD SDUD
OD 7RPD GH GHFLVLRQHVµ
SDUWLFLSDQWHV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWRGHFUtDGHDYHV
&RPHUFLDOL]DFLyQGHODFDUQH
GHSROOR
OLEUDVGHFDUQHGHDYHV
GDV3R]R$]XO\2DMDFD
5HYLVWD
&HQWUR
3URPRFLRQDO
3URPRYHUORTXHKDFHHOFHQ
WURHQODFRPXQLGDGHQJHQH
UDO
HMHPSODUHV
*LUD0pGLFDD2Oi
/DERUFRPXQLWDULD
SDUWLFLSDQWHV
&RQIHFFLyQGHPDQXDOLGDGHV
HQ WHMLGRV HQ OD &RPXQLGDG
GH0HPEULOOR
7UDEDMRFRPXQLWDULR
7DSHWHV \ YHVWLGRV GH QLxDV
WHUPLQDGRVFRQSDUWLFLSDQ
WHV
3UR\HFWRGHFUtDGHDYHV
GHO
5(1',&,Ð1'(&8(17$6
9LVLWDGHO'U*XVWDYR*DUFtDGH3DUHGHVDODUHJLyQGH2Oi
3UR\HFWR0HWD5HVXOWDGR
(VFXHODGHIRUPDFLyQOtGHUHV
SDUDPRUDGRUHVGHODVFRPX
QLGDGHVGH0HPEULOOR\7DYL
GDO$UULED
&DSDFLWDFLyQ HQ HODERUDFLyQ
7HUPLQDGRV FRQ SDUWLFL
SDQWHV
HVWUDWpJLFD \HQIRTXH GH Jp
QHUR
3UR\HFWRGH/HWULQDVSDUDOD
&DSLOOD GH 0HPEULOOR &HQWUR
FRQHVWXGLDQWHVGHOD(VFXH
ODGHOtGHUHV
&RQIHFFLyQ GH GRV OHWULQDV \
ODYDPDQRV
3UR\HFWRWHUPLQDGR
7UDQVIHUHQFLDGH7HFQRORJtD
D SURGXFWRUHV \ SURGXFFLyQ
DUWHVDQDO GH VHPLOODV PHMR
UDGDV\SODQWDVPHGLFLQDOHV
3UHSDUDFLyQ GH DERQR RUJi
QLFR\SDUFHODVGHPRVWUDWLYDV
GH GLYHUVRV SURGXFWRV \ GH
SODQWDVPHGLFLQDOHV
3UR\HFWR WHUPLQDGR FRQ OD
SDUWLFLSDFLyQGHIDPLOLDV
81,9(56,'$''(3$1$0É
&HQWUR5HJLRQDO8QLYHUVLWDULRGH&ROyQ
3UR\HFWR0HWD5HVXOWDGR
&RPSUD GH HTXLSR GH FRUWD
JUDPD WLSR LQGXVWULDO \GHV
EUR]DGRUD
0DQWHQLPLHQWR JHQHUDO GH
iUHDVYHUGHV
7LUDMH GLDULR GH GRFXPHQWD
FLyQ DGPLQLVWUDWLYD \ DFDGp
PLFD
0DQWHQHUGLDULDPHQWHHOVHU
YLFLRGHWLUDMHSDUDXVRDGPL
QLVWUDWLYR\DFDGpPLFR
KHFWiUHDVVHQVLEOHV3UH
FLR%\%
UHVSHFWLYDPHQWH
8VRHQFDMDGHUHFDXGDFLyQ
7LUDMH JHQHUDO GH GRFXPHQ
WRVLPSUHVRUDVHLPSUHQWD
$GTXLVLFLyQ GH UHFLERV ~QL
FRV GH LQJUHVR \ SDSHO PXO
WLSURSyVLWR
0DQWHQHU ORV LQVXPRV QHFH
VDULRVSDUDORJUDUODDWHQFLyQ
HIHFWLYDGHODGHPDQGD
/D PHWD VH DOFDQ]y HQ XQ
XQ LQVXPR SDUD FDGD
PiTXLQDFDGDWUHVPHVHV
6HUYLFLRGHFRPXQLFDFLyQGH
UDGLR WURQFDO SDUD OD LQVWLWX
FLyQDQLYHOQDFLRQDO\VLVWH
PD GH FRPXQLFDFLyQ QDFLR
QDOSDUDHYHQWRV
6HUYLFLR GLDULR GH FRPXQLFD
FLyQ PHGLDQWH UDGLR WURQFDO
SDUDOD,QVWLWXFLyQDQLYHOQD
FLRQDO\HTXLSRHVSHFLDOSDUD
FRPXQLFDFLyQHQHYHQWRV
6HUYLFLR GLDULR GH FRPXQLFD
FLyQ GH UDGLR WURQFDO D QLYHO
QDFLRQDO\RSWLPL]DFLyQGHOD
WUDQVPLVLyQGHODLQIRUPDFLyQ
(TXLSRV OD (VFXHOD GH (GX
FDFLyQ)tVLFD
)DFLOLWDU ODV FODVHV GH JLP
QDVLD GH ORV HVWXGLDQWHV OD
SUiFWLFDSDUDSDUWLFLSDFLyQHQ
HYHQWRVGHSRUWLYRV
$GTXLVLFLyQ GH EDORQHV GH
)~WERO ERODV GH VRIWEDOO
QHW GH YROLEDOO HQWUH RWURV
%
5HSDUDFLyQGHEDQFDVHVFR
ODUHV
(TXLSDPLHQWR GH EDQFDV HQ
ORV VDORQHV GH ODV GLIHUHQWHV
IDFXOWDGHVGHHVWHFHQWUR
%DQFDV UHSDUDGDV HQ ODV ID
FXOWDGHV%
0HMRUDV HQ IDFXOWDG GH $G
PLQLVWUDFLyQ GH (PSUHVDV \
&RQWDELOLGDG
0HMRUDU HO DVSHFWR GH OD ID
FXOWDG
,QVWDODFLyQ GH SXHUWDV HQ OD
IDFXOWDGSRU%\FRUWH
GHKHUED]DOHV%
(TXLSDPLHQWRGHOODERUDWRULR
1R%LEOLRWHFD)DFXOWDGGH
'HUHFKRV 6DOyQ GH (VWX
GLRV
0HMRUDU OD FRQGLFLyQ GH ORV
GLIHUHQWHVGHSDUWDPHQWRVGHO
&HQWUR
,QYHUVLyQ%
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQVWUXFFLyQGHFDQDOSOXYLDO
HQ HO WHFKR GH OD ELEOLRWHFD
GHO&HQWUR
(TXLSDPLHQWR GHO GHSDUWD
PHQWRGHSURWHFFLyQ
5HPRGHODFLRQHVSUHYHQWLYDV
(Q(MHFXFLyQ%
0DQWHQHU OD FRPXQLFDFLyQ
HQWUHORVYLJLODQWHVTXHVHHQ
FXHQWUDQ HQ GLIHUHQWHV iUHDV
GHO&HQWUR
&RPSUD GH GLH] ZDONLH
WDONLH SDUD HO 'HSDUWDPHQWR
GH3URWHFFLyQ%
,QVWDODFLRQHVGHO&HQWUR5HJLRQDOGH&ROyQ
81,9(56,'$''(3$1$0É
&HQWUR5HJLRQDO8QLYHUVLWDULRGH/RV6DQWRV
3UR\HFWR0HWD5HVXOWDGR
0HMRUDPLHQWR \ DGHFXDFLyQ
GHODLQIUDHVWUXFWXUDGHO&HQ
WUR5HJLRQDO
2SWLPL]DU ORV UHFXUVRV SDUD
HOPHMRUDPLHQWRGHODFDOLGDG
GHORVVHUYLFLRV
&RORFDFLyQGHEDOGRVD\FLH
ORUDVRHQODWHUUD]DGHODFD
IHWHUtD\HQODGLUHFFLyQPiV
0GHEDOGRVDHVSDxROD
HQORVFREHUWL]RVGHHQWUDGDD
XQFRVWRGH%
$GHFXDFLyQ GH XQ DXOD GH
FODVHSDUDHO,QIRFHQWUR
&RORFDFLyQ GH EDOGRVD FLHOR
UDVR\GLYLVLyQGHSDUHGHVGH
J\SVXP RÀFLQDV GH SRVWJUD
GR \ H[WHQVLyQ D XQ FRVWR
GH % \ HQ ODV RÀ
FLQDV GH DUFKLYR \ DVXQWRV
HVWXGLDQWLOHV SRU % \ FRQVWUXFFLyQ GH XQ 0LQL
$XGLWRULXP D XQ FRVWR GH %
$GTXLVLFLyQ GH HTXLSR UR
GDQWH HTXLSR GH RÀFLQD \
PRELOLDULRGHRÀFLQD
*DUDQWL]DU HO EXHQ IXQFLRQD
PLHQWRGHODDGPLQLVWUDFLyQ
%XV&RDVWHUSDUDSDVDMH
URV HVFiQHU FRSLDGRUD PH
VDV SDUD GLVHxR JUiÀFR XQL
GDGHVGHDLUHDFRQGLFLRQDGR
VSOLW LQVWDODFLyQ GH SXHUWDV
GH PDGHUD VyOLGD \ FRPSUD
GHEDQFDVHVFRODUHVPR
GHUQDV
&DOLGDG GH VHUYLFLRV TXH
EULQGDHO&HQWUR5HJLRQDO
$GHFXDGD DWHQFLyQ SUHVWD
GD SRU OD $GPLQLVWUDFLyQ GHO
&HQWUR D HVWXGLDQWHV SURIH
VRUHV\S~EOLFRHQJHQHUDO
'HSDUWDPHQWR GH 5HJLVWURV
$FDGpPLFRV
7UDPLWyGHGLSORPDV
SUH UHYLVLRQHV ,QGXFFLyQ JH
QHUDODWRGRVORVGHHVWXGLDQ
WHVGHSULPHULQJUHVR$SR\R
HQ HO SURFHVR GH PDWUtFXOD
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
SDUD ORV HVWXGLDQWHV GH UHLQ
JUHVR HQ OD LPSUHVLyQ GH ORV
FUpGLWRVHQWUHRWUDV
'HSDUWDPHQWRGH&yPSXWR
&DEOHDGRGHODUHGGHO'HSDU
WDPHQWRHQODFHGHVXVVLV
WHPDVFRQODLPSOHPHQWDFLyQ
XQQXHYRIRUPDWRLPSOHPHQ
WDFLyQ GH OD UHG LQDOiPEULFD
,QVWDODFLyQGHXQQXHYRDQWL
YLUXVLQVWLWXFLRQDO
'HSDUWDPHQWRGH%LEOLRWHFD
$GTXLVLFLyQ GH OLEURV SRU %
(TXLSR$XGLRYLVXDO
SRU % 2WURV PDWH
ULDOHV % 5HVWDXUD
FLyQ (PSDVWH GH /LEURV \
UHYLVWDVSRU%5HSD
UDFLyQ GH 5HWURSUR\HFWRUHV
SRU%
'HSDUWDPHQWRGH&RPSUDV
7UDPLWy RUGHQHV GH FRPSUD
SRUXQYDORUGH%
GH SUHVXSXHVWR GH IXQFLRQD
PLHQWR\DXWRJHVWLyQ
0LUDGRU'U*XVWDYR*DUFtDGH3DUHGHV
,QYHVWLJDFLRQHVGHOD6HFUH
WDUtDGH,QYHVWLJDFLyQ\3RVW
JUDGR
,GHQWLÀFDU ODV SULQFLSDOHV IRU
PDVJHRJUiÀFDVTXHGHWDOODQ
OD]RQD\GHÀQLUVXLPSRUWDQ
FLDDPELHQWDO
'HSDUWDPHQWR GH 5HFXUVRV
+XPDQRV
7UDPLWy LQFLGHQFLDV
GHO SHUVRQDO DGPLQLVWUDWLYR \
GHOSHUVRQDOGRFHQWH
‡ ´$QiOLVLV *HRPRUIROyJLFR
GHOD5HJLyQ&RVWHUDGHO
(VWH\6XUHVWHGHOD3UR
YLQFLDGH/RV6DQWRVµ
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
(VWXGLDQWHVGHO&HQWUR5HJLRQDOUHFLELHQGRFODVHV
2EMHWLYRV
‡ $QDOL]DU ODV FDUDFWHUtV
WLFDV
JHRPRUIROyJLFDV
GHVGH 3XQWD 0DOD KDVWD
HO3XHUWRGH0HQVDEp
‡ 5HFRQRFHUORVHOHPHQWRV
ÀVLRJUiÀFRV TXH FRQIRU
PDQOD]RQD
‡ /RFDOL]DU ODV FDUDFWHUtVWL
FDVRURJUiÀFDVGHOiUHDGH
HVWXGLR
‡ ,GHQWLÀFDU ODV SULQFLSDOHV
IRUPDVJHRJUiÀFDV\GH
ÀQLU VX LPSRUWDQFLD DP
ELHQWDO
‡ ,PSDFWR 6RFLDO FRQRFHU
FyPRIXQFLRQDQQXHVWURV
HFRVLVWHPDV\ODYLQFXOD
FLyQHQWUHpVWH\HOGHVD
UUROORVRFLDOHFRQyPLFR\
DPELHQWDOGHOSDtV
5(1',&,Ð1'(&8(17$6
&HQWUR5HJLRQDO8QLYHUVLWDULRGH3DQDPi2HVWH
3UR\HFWR0HWD5HVXOWDGR
5HPRGHODFLyQ\KDELOLWDFLyQ
GHO ORFDO SDUD HO 'HSDUWD
PHQWRGH3URWHFFLyQ\GHOD
$6(83$
0HMRUDU HO HQWRUQR SDUD HO
SHUVRQDOGH3URWHFFLyQ
&RQ XQD
%
$GPLQLVWUDFLyQ\KDELOLWDFLyQ
GHO &HQWUR GH &RSLDGR GHO
&HQWUR
%ULQGDUHOVHUYLFLRGHFRSLDGR
D HVWXGLDQWHV SURIHVRUHV \
DGPLQLVWUDWLYRV
+DELOLWDFLyQSRUXQPRQWRGH
%
([WHQVLyQ GH OD FHUFD SHUL
PHWUDOGHOFHQWUR
$PSOLDFLyQGHSLHVGHOD
FHUFD SHULPHWUDO GHO &HQWUR
5HJLRQDO8QLYHUVLWDULRGH3D
QDPi2HVWHSDUDPHMRUDUOD
VHJXULGDG
0D\RU VHJXULGDG HQ HO iUHD
GH%
5HYHVWLPLHQWR FRQ EDOGRVDV
GH OD SODQWD EDMD GHO SDEH
OOyQ´&µKDVWDODFDIHWHUtD
5HYHVWLUPHWURVFXDGURV
FRQEDOGRVDV
6HLQYLUWLHURQ%HQ
EDOGRVDV
$GPLQLVWUDFLyQ\KDELOLWDFLyQ
GH OD &DIHWHUtD 8QLYHUVLWDULD
GHO&HQWUR
%ULQGDU XQ PHQ~ HFRQyPL
FRDODIDPLOLD8QLYHUVLWDULD
GHOFHQWUR
(VWXGLDQWHV EHQHÀFLDGRV ,Q
YHUVLyQGH%
&RQVWUXFFLyQGHPDUTXHVLQD
GHO3DEHOOyQ´&µKDFLDHO3D
EHOOyQ´'µ
3URSRUFLRQDU D HVWXGLDQWH
SURIHVRUHV \ DGPLQLVWUDWLYRV
DFFHVRDSURSLDGRGHO3DEH
OOyQ´&µKDFLDHO3DEHOOyQ´'µ
,QYHUVLyQHQODVPDUTXHVLQDV
%
9LVWDGHO&HQWUR5HJLRQDOGH3DQDPi2HVWH
LQYHUVLyQ
GH
81,9(56,'$''(3$1$0É
&HQWUR5HJLRQDO8QLYHUVLWDULRGH6DQ0LJXHOLWR
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWR GH KDELOLWDFLyQ GH
XQDXODYLUWXDO
/RJUDUXQHVSDFLRDFDGpPLFR
SDUDHOGHVDUUROORGHOSURFHVR
GH HQVHxDQ]D DSUHQGL]DMH
PHGLDQWHODWHFQRORJtDYLUWXDO
(VWXGLDQWHVEHQHÀFLDGRVFRQ
OD XWLOL]DFLyQ GH ODV KHUUD
PLHQWDVLQIRUPiWLFDV
-RUQDGD GH FDSDFLWDFLyQ
SDUD ORV IXQFLRQDULRV GHO
&HQWUR5HJLRQDO
&DSDFLWDU DO SHUVRQDO DGPL
QLVWUDWLYRSDUDVXLQWHJUDFLyQ
LQVWLWXFLRQDO
0D\RU HÀFLHQFLD HQ HO GHVD
UUROORGHODVWDUHDVGHORVIXQ
FLRQDULRVGHODLQVWLWXFLyQ
+DELOLWDFLyQ GHO &HQWUR GH
/HQJXDV GH OD )DFXOWDG GH
+XPDQLGDGHV
)RUWDOHFHU OD HQVHxDQ]D GHO
LGLRPDLQJOpV
0HMRUDSUHQGL]DMHGHODOHQ
JXD,QJOHVDSRUORVHVWXGLDQ
WHV GHO FHQWUR \ IDFLOLGDGHV
SDUDHOSURFHVRGHHQVHxDQ
]DSDUDORVSURIHVRUHV
3UR\HFWR GH KDELOLWDFLyQ \
HTXLSDPLHQWRGHXQWDOOHUGH
PRGLVWHUtD SDUD OD )DFXOWDG
GH$UTXLWHFWXUD
,QVWDODFLyQ GH XQ WDOOHU TXH
SHUPLWD OD FDSDFLWDFLyQ D ORV
HVWXGLDQWHV HQ OD QXHYD FD
UUHUD GH 7pFQLFR HQ 'LVHxR
GH0RGDV
$KRUD ORV HVWXGLDQWHV FXHQ
WDQFRQPHMRUHVKHUUDPLHQWDV
SDUDVXIRUPDFLyQSURIHVLRQDO
HQ OD FDUUHUD GH 'LVHxR GH
0RGDV
+DELOLWDFLyQGHDXODVGH
FODVHV SDUD XVR GH ORV HV
WXGLDQWHV GH OD )DFXOWDG GH
$GPLQLVWUDFLyQ3~EOLFD
5HVROYHU OD VLWXDFLyQ GH ORV
HVSDFLRVSDUDORVHVWXGLDQWHV
TXH UHFLEtDQ FODVHV HQ RWUDV
LQVWDODFLRQHVGHOVHFWRU
3HUPLWLy TXH ORV HVWXGLDQWHV
VHLQWHJUHQHQXQVRORHGLÀFLR
\KDJDQYLGDXQLYHUVLWDULD
,PSOHPHQWDFLyQ GH OD 8QL
YHUVLGDG GHO 7UDEDMR \ /D
7HUFHUD(GDG
%ULQGDUFXUVRVFRUWRVDSHUVR
QDVDGXOWDVPD\RUHVTXHSHU
PLWDQVXRFXSDFLyQODERUDO
6DWLVIDFHODVDVSLUDFLRQHVGH
ORVDGXOWRVPD\RUHVHQFXDQ
WR D VX YLGD DFWLYD \ SURGXF
WLYD
,PSOHPHQWDFLyQ GHO &HQWUR
GH ,QYHVWLJDFLyQ GHO &HQWUR
5HJLRQDO8QLYHUVLWDULR
%ULQGDU FDSDFLWDFLyQ D ORV
SURIHVRUHV SDUD TXH GHÀQDQ
ODVOtQHDVGHLQYHVWLJDFLyQGHO
&HQWUR
6H HVWiQ JHQHUDQGR LQYHV
WLJDFLRQHV SHUWLQHQWHV D ORV
SUREOHPDV GH ODV FRPXQLGD
GHVGHO'LVWULWRGH6DQ0LJXH
OLWR\iUHDVDOHGDxDV
5(1',&,Ð1'(&8(17$6
&HQWUR5HJLRQDO8QLYHUVLWDULRGH9HUDJXDV
3UR\HFWR0HWD5HVXOWDGR
5HPRGHODFLyQ GH ORV EDxRV
GHGDPDV\FDEDOOHURVHQORV
HGLÀFLRV$%&'(*+
ODERUDWRULRV\ELEOLRWHFD
%ULQGDUXQPHMRUVHUYLFLRDOD
SREODFLyQHVWXGLDQWLOGHODVGL
YHUVDVIDFXOWDGHV
6H DYDQ]y XQ HQ OD UH
PRGHODFLyQGHORVEDxRV
$PSOLDFLyQ GH OD HVWUXFWXUD
ÀMDGHOHGLÀFLRGHWDOOHUHV
0HMRUDUODFRQGLFLyQGHWUDED
MR HQ ODV GLIHUHQWHV iUHDV GH
PDQWHQLPLHQWR
$PSOLDFLyQGHOGHORVWD
OOHUHV
&DPELRGHWHFKRGHODELEOLR
WHFD UHPRFLyQ GH ÀEUD GH
YLGULR H LQVWDODFLyQ GH FLHOR
UDVR OiPSDUDV HOHFWUyQLFDV
\FRUWLQDVUROOHU
%ULQGDUXQPHMRUVHUYLFLRDHV
WXGLDQWHV\SREODFLyQHQJHQH
UDOYLVLWDQWHGHODELEOLRWHFDGHO
FHQWUR KDFLpQGROD PiV DFR
JHGRUDDODYH]PHMRUDQGRVX
LOXPLQDFLyQ\YHQWLODFLyQ
6HUHPRYLyWRWDOPHQWHODÀEUD
GH YLGULR \ VH UHHPSOD]y SRU
RWURWLSRGHFLHORUDVRVHFROR
FDURQODVOiPSDUDV\FRUWLQDV
&DPELRGHOFLHORUDVRHLQV
WDODFLyQ GH OiPSDUDV HOpF
WULFDVHQHO$XGLWRULR\HQHO
'HSDUWDPHQWR GH 5HJLVWURV
$FDGpPLFRV HQ OD 2ÀFLQDV
GH'LUHFFLyQ\&RPSUDV\HQ
HOSDEHOOyQ&
0HMRUDU ODV FRQGLFLRQHV HQ
FXDQWR D LQIUDHVWUXFWXUD H
LOXPLQDFLyQ SDUD EULQGDU XQ
HVSDFLR DGHFXDGR SDUD ODV
DFWLYLGDGHV TXH VH UHTXLHUHQ
HQODLQVWDODFLyQ
6HUHDOL]yHOFDPELRGHFLHOR
UDVR \ OD LQVWDODFLyQ GH OiP
SDUDV\VHFDPELDURQODVSHU
VLDQDVSRUYHQWDQDVÀMDV
&RQVWUXFFLyQ GH OD 2ÀFLQD
GH&RQWURO)LVFDO
2IUHFHU XQ OXJDU DSURSLDGR
SDUD HO GHVDUUROOR GH ODV IXQ
FLRQHV GHO SHUVRQDO GH &RQ
WUDORUtD TXH EULQGD VXV VHUYL
FLRVHQpVWH&HQWUR5HJLRQDO
<DVHFXOPLQyHOGHOD
FRQVWUXFFLyQ
,QVWDODFLyQ GH FHUUDGXUD
HOpFWULFDHQORV'HSDUWDPHQ
WRVGH&DMD\&RQWDELOLGDG
0HMRUDUODVHJXULGDGHQORVGH
SDUWDPHQWRVTXHWLHQHTXHYHU
FRQODVÀQDQ]DVGHO&HQWUR
6HFXPSOLyFRQHOGHOR
SODQHDGR
&RPSUDGHWDEOHURVPDJQpWL
FRVSDUDXVRHQODVDXODVGH
FODVH
)DYRUHFHU D ORV HVWXGLDQWHV
EULQGiQGROHV PHMRUHV FRQGL
FLRQHVDFDGpPLFDVGHQWURGH
ODVDXODVGHFODVH
<DVHFRPSUDURQHLQVWDODURQ
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&RPSUDGHVLOODVSDUDORVOD
ERUDWRULRV
)DYRUHFHU D ORV HVWXGLDQWHV
EULQGiQGROHV PHMRUHV FRQGL
FLRQHV DFDGpPLFDV GHQWUR GH
ORV GLIHUHQWHV ODERUDWRULRV GHO
FHQWUR
<D ORV ODERUDWRULRV FXHQWDQ
FRQODVVLOODV
,QVWDODFLyQ GH SXHUWDV GH
KLHUUR HQ ODV GRV HQWUDGDV
SULQFLSDOHVGHO3DEHOOyQ'
%ULQGDUPHMRUVHJXULGDGDODV
DXODV \ RÀFLQDV TXH VH HQ
FXHQWUDQHQpVWHSDEHOOyQ
GHFXPSOLPLHQWR
,QYHUVLyQ HQ HO 3UR\HFWR GH
SLVFLQDFRQVWUXFFLyQGHYHV
WLGRUHV\FXDUWRVGHPRWRUHV
2IUHFHU D OD SREODFLyQ HVWX
GLDQWLO ODV LQVWDODFLRQHV DGH
FXDGDV SDUD HO GHVDUUROOR GH
VXVFXUVRVDFDGpPLFRV
$YDQFH GHO SUR\HFWR HQ XQ
$FRQGLFLRQDPLHQWRGHOD2À
FLQDGH-HIDWXUDGH%LEOLRWHFD
HQODSODQWDDOWDGHODPLVPD
)DYRUHFHU OD SURGXFFLyQ \
RIUHFHU PHMRUHV FRQGLFLRQHV
GHWUDEDMRDOSHUVRQDOGHpVWD
iUHD
FXOPLQDGRHOSUR\HFWR
5HYHVWLPLHQWRGHEDOGRVDVD
ODV SDUHGHV GHO (GLÀFLR$G
PLQLVWUDWLYRSODQWDEDMD
0HMRUDUODIDFKDGDGHHQWUDGD
DOD2ÀFLQDGH5HJLVWURV$FD
GpPLFRV
FRPSOHWDGR
5(1',&,Ð1'(&8(17$6
,9,([WHQVLRQHV8QLYHUVLWDULDV
([WHQVLyQ8QLYHUVLWDULDGH$JXDGXOFH
3UR\HFWR0HWD5HVXOWDGR
'HVDUUROOR GH OD 2IHUWD$FD
GpPLFD
$PSOLDU OD RIHUWD DFDGpPLFD
GHODH[WHQVLyQ
HVWXGLDQWHVPDWULFXODGRV
'HVDUUROOR GH OD 2IHUWD$FD
GpPLFDGH3RVWJUDGR
2IHUWDU FDUUHUDV D QLYHO GH
SRVWJUDGR
6H HVWD RIHUWDQGR XQ SURJUD
PDGH(VSHFLDOL]DFLyQHQ'R
FHQFLD6XSHULRU\XQSURJUDPD
GH0DHVWUtDHQ$GPLQLVWUDFLyQ
GH (PSUHVDV FRQ pQIDVLV HQ
5HFXUVRV+XPDQRV
)XQFLRQDPLHQWR2SHUDWLYR
%ULQGDU PD\RU \ PHMRU DWHQ
FLyQDORVHVWXGLDQWHV
HVWXGLDQWHVEHQHÀFLDGRV
+DELOLWDFLyQGHFXEtFXORV
$PSOLDU ODV LQVWDODFLRQHV DG
PLQLVWUDWLYDV
+DELOLWDFLyQ GH FXEtFXORV
SDUD RÀFLQDV GH$VXQWRV (V
WXGLDQWLOHV6DOyQGH3URIHVR
UHV\$GPLVLyQ
'RWDFLyQ GH XQLIRUPHV DO
SHUVRQDODGPLQLVWUDWLYR
$SR\DU DO SHUVRQDO DGPLQLV
WUDWLYRHQODFRPSUDGHXQLIRU
PHV
IXQFLRQDULRVEHQHÀFLDGRV
81,9(56,'$''(3$1$0É
([WHQVLyQ8QLYHUVLWDULDGH&KHSR
3UR\HFWR0HWD5HVXOWDGR
3URPRFLyQ GH ODV FDUUHUDV
HQODVGLIHUHQWHVHVFXHODVGH
3DQDPi(VWH
2IUHFHU ODV FDUUHUDV H LQVWD
ODFLRQHVDORVEDFKLOOHUHVGHO
iUHD
*DUDQWL]DU TXH ORV HVWXGLDQ
WHV VH LQVFULEDQ HQ OD ([WHQ
VLyQ 8QLYHUVLWDULD GH &KHSR
R HQ HO 3URJUDPD $QH[R GH
7RUWt
$SHUWXUDGHQXHYDVFDUUHUDV
$PSOLDU OD RIHUWD DFDGpPLFD
GHODH[WHQVLyQ
6HKL]RHOGLDJQyVWLFRGHODV
FDUUHUDV SDUD VX HYDOXDFLyQ
SRUODVLQVWDQFLDVFRUUHVSRQ
GLHQWHV
‡ 7pFQLFD HQ 0DQHMR \
&RQVHUYDFLyQ GH &XHQ
FDV+LGURJUiÀFDV
‡ 7pFQLFRHQ*DQDGR%RYL
QR \ RWUDV (VSHFLHV$QL
PDOHV
‡ 7pFQLFRHQ7XULVPR(FR
OyJLFR
3URJUDPDVGHFDSDFLWDFLyQ
2IUHFHU VHUYLFLRV GH FDSDFL
WDFLyQDOUHFXUVRKXPDQRGH
ODVHPSUHVDVHLQVWLWXFLRQHV
S~EOLFDVGH3DQDPi(VWH
6HHVWiQGLFWDQGRVHPLQDULRV
GH LQIRUPiWLFD \ VH LQLFLDUi
XQR HQIRFDGR HQ DWHQFLyQ DO
FOLHQWH
6HPLQDULRV GH SHUIHFFLRQD
PLHQWR
&DSDFLWDU DO SHUVRQDO DGPL
QLVWUDWLYR
6HPLQDULRVHQWHPDVFRPR
‡ 0DWUtFXOD
‡ %LEOLRWHFDYLUWXDO
‡ 2UJDQL]DFLyQ$FDGpPLFD
‡ %DQFRGHGDWRV
$GTXLVLFLyQGHHTXLSR
(TXLSDUORVODERUDWRULRV
FRPSXWDGRUDV GRQDGDV
SRU HO 6HxRU 5HFWRU 'RFWRU
*XVWDYR*DUFtDGH3DUHGHV
(TXLSDPLHQWR GHO QXHYR OD
ERUDWRULR
(TXLSDUHOODERUDWRULRHLQVWD
ODFLyQGHOFDEOHDGRHOpFWULFR
6H FRQIHFFLRQDQ ODV PHVDV
SDUD HTXLSDU HO ODERUDWR
ULR D XQ FRVWR DSUR[LPDGR
%
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&RQVWUXFFLyQ GH XQD PDU
TXHVLQD
0HMRUDU OD LQIUDHVWUXFWXUD GH
LQJUHVRDODVLQVWDODFLRQHV
6HFRQIHFFLRQDHQORVWDOOHUHV
GH KHUUHUtD GHO 'HSDUWDPHQ
WR GH 0DQWHQLPLHQWR &RVWR
DSUR[LPDGRGH%
&RQVWUXFFLyQGHODFHUFDSH
ULPHWUDO
&HUFDUODVLQVWDODFLRQHVGHOD
H[WHQVLyQ
(OFRVWRDSUR[LPDGRGHFRQV
WUXFFLyQHVGH%
&UHDFLyQ GH XQ MDUGtQ HQ OD
SDUWHIURQWDOL]TXLHUGD
0HMRUDU OD HVWpWLFD GHO FHQ
WUR
5HDOL]DGRHQXQ
(PEHOOHFLPLHQWRGHOD([WHQ
VLyQ
0HMRUDU OD LQIUDHVWUXFWXUD H
LPDJHQ
$SRUWHVUHDOL]DGRSRUORVHV
WXGLDQWHVGRFHQWHV\)RQGR
GH$XWRJHVWLyQ
&RQVWUXFFLyQ GHO HVWDFLRQD
PLHQWR WHFKDGR GH OD H[WHQ
VLyQ
$FRQGLFLRQDU HO HVWDFLRQD
PLHQWRWHFKDGR
3LQWXUD JHQHUDO FDPELR GH
FLHORUDVRPHMRUDVHOpFWULFDV
VXPLQLVWURGHDFRQGLFLRQDGR
UHVGHDLUHSDUDODVDXODV
)RQGRGH$XWRJHVWLyQ
GHVXHMHFXFLyQ
$VLJQDFLyQ VXIUDJDGD SRU HO
&DPSXV &HQWUDO \ SRU HO H[
'LSXWDGR 7RPiV $OWDPLUDQR
'XTXH
&RQIHFFLyQGHXQDFDUSDFRQ
HO ORJR GH OD 8QLYHUVLGDG GH
3DQDPiPLVPDTXHVHXWLOL
]DUiHQORVHYHQWRVDORVTXH
VH LQYLWH D OD ([WHQVLyQ GH
&KHSR
&RQWDU FRQ XQD SURWHFFLyQ
SDUDHOSHUVRQDOTXHDVLVWHD
ORVHYHQWRVGHODH[WHQVLyQ
5HDOL]DGRHQXQ
&RVWRGH%
$FWLYLGDGHVGHH[WHQVLyQ
5HDOL]DUDFWLYLGDGHVGHDSR
\RDODFRPXQLGDG
/RV HVWXGLDQWHV SURIHVRUHV
\ DGPLQLVWUDWLYRV UHDOL]DURQ
HQWUHJD GH FLQFR FDQDVWDV
FRQ FRPLGD FRPR DSRUWH D
OD QRYHQD GH ODV ÀHVWDV SD
WURQDOHV GH 6DQ &ULVWyEDO GH
&KHSR HQWUHJD GH PDWHULDO
GLGiFWLFRDOD(VFXHOD%iVLFD
*HQHUDO GH 8QLFLWR HQWUHJD
81,9(56,'$''(3$1$0É
)HVWLYLGDGHVGHVDUUROODGRVHQOD([WHQVLyQ8QLYHUVLWDULDGH&KHSR
3UR\HFWR0HWD5HVXOWDGR
GH VDFRV GH FHPHQWR D OD
(VFXHODGH$FXD\DOD
3DUWLFLSDU HQ HO HYHQWR IROF
NOyULFR RUJDQL]DGR SRU HO GL
SXWDGRGHOFLUFXLWR
3UR\HFWDU OD LPDJHQ GH OD
8QLYHUVLGDG HQ OD FRPXQL
GDG
5HDÀUPDFLyQGHODSDUWLFLSD
FLyQGHODXQLYHUVLGDGHQODV
DFWLYLGDGHVGHODFRPXQLGDG
7UiPLWHV \ FRPSUDV SDUD
IXQFLRQDPLHQWRHQHOSHUtRGR
ÀVFDO
$GTXLULU LQVXPRV QHFHVDULRV
SDUDHOEXHQIXQFLRQDPLHQWR
(MHFXFLyQ GHO SUHVXSXHVWR
DVLJQDGRHQXQ
5(1',&,Ð1'(&8(17$6
([WHQVLyQ8QLYHUVLWDULDGH'DULpQ
3UR\HFWR0HWD5HVXOWDGR
0DHVWUtDHQGLGiFWLFD
2EWHQHU HO SHUIHFFLRQDPLHQ
WR GH ORV SURIHVRUHV GH OD
H[WHQVLyQ HQ HO iUHD GH
ODV QXHYDV PHWRGRORJtDV
HQ GLGiFWLFD SDUD EHQHÀFLR
GHO SURFHVR GH HQVHxDQ]D
DSUHQGL]DMH
6H ORJUy XQD QXWULGD SDUWLFL
SDFLyQ
7pFQLFRHQ(QIHUPHUtD
7UDEDMDUHQODUHDSHUWXUDGHO
7pFQLFRHQ(QIHUPHUtDSDUD
GDUOH XQD FRQWLQXLGDG \ HOH
YDUORDODFDWHJRUtDGH/LFHQ
FLDWXUD
6HORJUyODDFHSWDFLyQGHORV
HVWXGLDQWHVSRUODQHFHVLGDG
GHO UHFXUVR KXPDQR HQ HO
iUHDGHFLHQFLDVGHODVDOXG
/LFHQFLDGRHQ'HVDUUROOR&R
PXQLWDULR
9LQFXODUDOD8QLYHUVLGDGGH
3DQDPi FRQ OD 8QLYHUVLGDG
GH &RVWD 5LFD FRQ HO REMH
WLYR GH ORJUDU SDVDQWtDV GH
SURIHVRUHV HQ DPEDV GLUHF
FLRQHV
$FWXDOPHQWHVHEULQGD/LFHQ
FLDWXUD HQ 'HVDUUROOR &RPX
QLWDULR
3URFHVRGHPDWUtFXOD
,QFRUSRUDUODPDWUtFXODHQOt
QHD
6H ORJUy GDU XQ PHMRU VHUYL
FLRDORVHVWXGLDQWHVDWUDYpV
GHHVWHDYDQFHWHFQROyJLFR
)HULD $FDGpPLFD \ 1RYDWD
GDV
3DUWLFLSDUDFWLYDPHQWHHQODV
DFWLYLGDGHVGHODFRPXQLGDG
3UHVHQWDU D WRGRV ODV ERQ
GDGHV\YHQWDMDVGHQXHVWUD
XQLYHUVLGDG
3URPRFLyQHLQJUHVR
2IHUWDU QXHVWUDV FDUUHUDV D
ORV EDFKLOOHUHV GH OD UHJLyQ
GH'DULpQ
6HORJUyHOLQJUHVRGHDOUHGH
GRUGHHVWXGLDQWHV
*LUDV$FDGpPLFDV
5HDOL]DUJLUDVGHWUDEDMRFRQ
ORV HVWXGLDQWHV GHO 7pFQLFR
HQ (QIHUPHUtD /LFHQFLDWX
UD HQ 7XULVPR \ 7pFQLFR HQ
$JURIRUHVWHUtDSDUDFRQRFHU
ODViUHDVGHWUDEDMR\IRUWDOH
FHUVXIRUPDFLyQDFDGpPLFD
6HORJUyTXHORVHVWXGLDQWHV
GH ODV GLYHUVDV OLFHQFLDWXUDV
DPSOtHQ VXV FRQRFLPLHQWRV
PHGLDQWHODVJLUDV
81,9(56,'$''(3$1$0É
$FWRVFXOWXUDOHVUHDOL]DGRVSRUOD([WHQVLyQ8QLYHUVLWDULDGH'DULpQ
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWRGHOD,QIUDHV
WUXFWXUD
3URJUDPDU SHUPDQHQWH GH
SUHVHUYDFLyQ UHSDUDFLyQ \
PHMRUDPLHQWR GH OD LQIUDHV
WUXFWXUDiUHDVYHUGHV\HTXL
SRVGHWUDEDMR
6HORJUyTXHODViUHDVGHHV
WXGLRUH~QDQODVFRQGLFLRQHV
ySWLPDV
0DQWHQHU \ UHSDUDU OD FHUFD
GH6DQ9LFHQWH\OD([WHQVLyQ
8QLYHUVLWDULDGH'DULpQ
&RQVWUXFFLyQGHOD&DIHWHUtD
GHOD([WHQVLyQ8QLYHUVLWDULD
GH'DULpQ
2IUHFHUXQDPHMRULQIUDHVWUXF
WXUD \ DOLPHQWDFLyQ YDULDGD \
HFRQyPLFDDGRFHQWHV\HVWX
GLDQWHV
&RQGLFLRQHV DGHFXDGDV DO
PRPHQWR GH LQJHULU ORV DOL
PHQWRV
,QVWDODFLyQGH,QIR3OD]D
,QWURGXFLU OD WHFQRORJtD HQ OD
H[WHQVLyQ
/RJUDPRV TXH ORV HVWXGLDQ
WHV GRFHQWHV \ PRUDGRUHV
GHODUHJLyQXWLOLFHQORVQXH
YRV VRIWZDUH \ VHUYLFLR GH
,QWHUQHW
5(1',&,Ð1'(&8(17$6
([WHQVLyQ8QLYHUVLWDULDGH6RQi
3UR\HFWR0HWD5HVXOWDGR
2IHUWDDFDGpPLFDSUHJUDGR
%ULQGDU D OD FRPXQLGDG GH
6RQi RIHUWDV GH SUHJUDGR HQ
FDUUHUDVSHUWLQHQWHV
$FWXDOPHQWH RIHUWDPRV ODV
FDUUHUDVGH
‡ $GPLQLVWUDFLyQ GH (P
SUHVDV
‡ $GPLQLVWUDFLyQ DJUR LQ
GXVWULDO
‡ 7XULVPR
‡ ,QJOpV
&RQ XQD PDWUtFXOD SDUD HO
GHHVWXGLDQWHV
2IHUWDDFDGpPLFDSRVWJUDGR
2IUHFHU3RVWJUDGR\0DHVWUtD
HQ'RFHQFLD6XSHULRU
$FWXDOPHQWHVHHVWiQGLFWDQ
GRDPEDV
6HUYLFLRVDODFRPXQLGDG
,QWHUDFWXDU FRQ OD FRPXQLGDG
GH6RQi
/RVHVWXGLDQWHVGH'RFHQFLD
6XSHULRUDSR\DQGLFWDQGRFOD
VHVFRPRSDUWHGHVXSUiFWLFD
SURIHVLRQDOHQODLQVWLWXFLyQGH
HQVHxDQ]DS~EOLFDGHOiUHD
5(1',&,Ð1'(&8(17$6
981,'$'(6'(,19(67,*$&,Ð1
81,9(56,'$''(3$1$0É
9,8QLGDGHVGH,QYHVWLJDFLyQ
,QVWLWXWRGH$OLPHQWDFLyQ\1XWULFLyQ
3UR\HFWR0HWD5HVXOWDGR
'LSORPDGR ´,QYHVWLJDFLyQ HQ
6HJXULGDG$OLPHQWDULD \ 1X
WULFLRQDOµ
0HMRUDU OD FDSDFLGDG LQYHV
WLJDWLYD GH ORV SURIHVLRQDOHV
FRQHQIRTXHVPHWRGROyJLFRV
PiVDGHFXDGRVSDUDHQIUHQ
WDUORVGLVWLQWRVSUREOHPDV
6H REWXYR XQD PDWUtFXOD GH
SDUWLFLSDQWHV\XQLQJUHVR
GH
)HULDVGHOD6DOXG
&RQWULEXLUFRQODVDOXGGHORV
SDUWLFLSDQWHV \ SURPRFLRQDU
ODFOtQLFDGHGLHWDV
6H SDUWLFLSy HQ GRV IHULDV GH
VDOXG6HWRPySUHVLyQDUWH
ULDO WDOOD SHVR \ VH FDOFXOy HO
tQGLFHGHPDVDFRUSRUDOLQGL
FiQGROHDORVSDUWLFLSDQWHVOD
LPSRUWDQFLDGHXQDEXHQD
DOLPHQWDFLyQDXQDGRDOHMHUFL
FLRGLDULRDSHUVRQDV
$FWLYLGDGHVGHVDOXGUHDOL]DGDVSRUHO,QVWLWXWRGH$OLPHQWDFLyQ\1XWULFLyQ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
&OtQLFDGHGLHWDV
3URPRYHUHVWLORVGHYLGDVD
OXGDEOH HQ OD SREODFLyQ XQL
YHUVLWDULD\S~EOLFRFRQUHFR
PHQGDFLRQHVHQPDWHULDGH
QXWULFLyQ\DOLPHQWDFLyQ
6HDWHQGLHURQSDFLHQWHV
QXHYRV \ GH UHFRQVXOWD
HQSDUDXQLQJUHVRGH
\ SDFLHQWHV
QXHYRVFRQUHFRQVXOWDV
HQ REWHQLHQGR XQ LQ
JUHVRGH
&RQWUDWDFLyQGHXQDQXWULFLR
QLVWDSDUDOD&OtQLFDGHGLHWDV
(YDOXDU HO HVWDGR QXWULFLR
QDO LQWHUSUHWDU HO GLDJQyVWL
FR FOtQLFR \ IRUPXODU GLHWDV
DGHPiV HGXFDU HQ PDWHULD
DOLPHQWDULD
/DPD\RUtDGHORVSDFLHQWHV
KDQ REWHQLGR ORV UHVXOWDGRV
HVSHUDGRV EHQHÀFLDQGR VX
VDOXGPHQWDOItVLFD
'LSORPDGR´&DOLGDGH,QRFXL
GDG GH ORV$OLPHQWRV HQ OD
,QGXVWULD$OLPHQWDULDµ
&DSDFLWDU D SURIHVLRQDOHV
GHODLQGXVWULDGHDOLPHQWRV
\DÀQHVHQFDOLGDGGHORV
DOLPHQWRV \ ODV QRUPDV QD
FLRQDOHVHLQWHUQDFLRQDOHV
VREUHOHJLVODFLyQDOLPHQWDULD
6HREWXYRXQDPDWUtFXODGH
HVWXGLDQWHV GRV GH HOORV
VRQ GH OD (PSUHVD 0HOR
6$ \ XQ LQJUHVR GH %
0DWHULDO'LGiFWLFRTXHVHUH
SDUWLy HQ HO *LPQDVLR GH OD
8QLYHUVLGDG
3URPRFLRQDU OD &OtQLFD GH
'LHWDV\HGXFDUODSREODFLyQ
XQLYHUVLWDULDHQVXVFRPLGDV
\VDOXG
6H GLR D FRQRFHU OD &OtQLFD
GH'LHWDV\VHFDSWDURQSD
FLHQWHVDTXLHQHVVHOHVHVWi
EULQGDQGRHOVHUYLFLR
81,9(56,'$''(3$1$0É
,QVWLWXWRGH&LHQFLDV$PELHQWDOHV\%LRGLYHUVLGDG
3UR\HFWR0HWD5HVXOWDGR
0RQLWRUHR GH (VSHFLHV
$FXiWLFDV HQ OD +LGURpOHFWUL
FD(VWt*XDODFD
5HGDFWDU LQIRUPHV GHO PRQL
WRUHR
0RQLWRUHR GH (VSHFLHV 5L
EHUHxDV HQ OD +LGURpOHFWULFD
(VWt*XDODFD
(VWXGLRGH,PSDFWR$PELHQ
WDO &DWHJRUtD , 'HVDUUROOR
3UR\HFWR0HGLFR([SUHVV6
'LSORPDGR )RUPXODFLyQ \
(YDOXDFLyQ GH 3UR\HFWRV
$PELHQWDOHV
352%,2,,
‡
‡
‡
‡
5HDOL]DUHVWXGLRGHODHVWUXF
WXUDGHOHGLÀFLR\SHUFHSFLyQ
GHKDELWDQWHVGHOiUHD
/RJUDUODDSOLFDFLyQGHORVFR
QRFLPLHQWRV DGTXLULGRV SRU
SDUWHGHORVJUDGXDGRVGHOGL
SORPDGR
0RQLWRUHRV GH HVSHFLHV IR
UHVWDOHVHQOD5HV)RUHVWDO(O
0RQWXRVR
(VWXGLRGHOD(VWUXFWXUDGLQi
PLFDGHOERVTXHHQHO3DUTXH
1DFLRQDO&HUUR+R\D
,QIRUPHV 0RQLWRUHRV GH IDF
WRUHVFOLPDWROyJLFRV7UHV3XQ
WDV5HVHUYD)RUHVWDO(O0RQ
WXRVR0HQVXDO
,QYHQWDULRV LQGLFDQ TXH
VHHQFRQWUDURQ
HVSHFLHV GH IDXQD
DFXiWLFDGHJUXSRVWD[R
QyPLFRVGLYHUVRV
,QYHQWDULRVGHÁRUDLQGLFDQ
TXH QR KD\ SUREOHPDV
DPELHQWDOHV
$SUREDFLyQ GHO (VWXGLR GH
,PSDFWR$PELHQWDO&DWHJRUtD
,SRUOD$1$0
GHDYDQFHGHOSUR\HFWR
,GHQWLÀFDFLyQGHPXHVWUDV
ERWiQLFDV HO KHUEDULR GH OD
8QLYHUVLGDG
,QYHQWDULR GH ÁRUD \ IDXQD
HQ HO 3DUTXH 1DFLRQDO &HUUR
+R\D iUHD FHUFDQD D OD FR
PXQLGDGGH)ORUHV
/HFWXUD GH ORV GDWRV GH SUH
FLSLWDFLyQ KXPHGDG UHODWLYD
YHORFLGDG GHO YLHQWR WHPSH
UDWXUD\DOPDFHQDPLHQWRHQ
DUFKLYRGLJLWDO
(VWXGLR GH SHUFHSFLyQ VRFLDO
SRU ORV KDELWDQWHV GH OD 5HV
)RUHVWDO(O0RQWXRVR
$SOLFDFLyQ\WDEXODFLyQGHGD
WRVSDUDDQiOLVLV
5HVWDXUDFLyQ GH ERVTXHV HQ
OD 5HVHUYD )RUHVWDO (O 0RQ
WXRVR
6HPLQDULR FRQ SURGXFWRUHV
TXHLQWHJUDQHOSUR\HFWR5(
'(%2648(
5(1',&,Ð1'(&8(17$6
,QVWLWXWRGH&ULPLQRORJtD
3UR\HFWR0HWD5HVXOWDGR
0DHVWUtD HQ (VWXGLRV &ULPL
QROyJLFRV
3UHSDUDU DFDGpPLFDPHQWH D
SURIHVLRQDOHV HQ OD HVSHFLD
OLGDGGHFULPLQRORJtD
SURIHVLRQDOHVLQVFULWRV
'LSORPDGRHQ&LHQFLDV)RUHQ
VHVFRQeQIDVLVHQ3HULWDMH
)RUPDU SHULWRV HQ ODV GLIH
UHQWHV UDPDV GH OD FLHQFLD
IRUHQVH
SDUWLFLSDQWHV TXH DVLVWHQ
DO'LSORPDGRTXHJHQHUDUi
ODVXPDGH%
'HVDUUROOR$FDGpPLFR
'LVHxDU OD SURSXHVWD GHO
3RVWJUDGRGH(VSHFLDOL]DFLyQ
HQ'HSHQGHQFLD4XtPLFDFRQ
eQIDVLVHQ,QWHUYHQFLyQ
$SUREDGR HQ &RQVHMR $FD
GpPLFR1RGHODSUR
SXHVWDGH3RVWJUDGR
(ODERUDFLyQ GHO HVWXGLR GH
&RPSLODFLyQ GH &DVXtVWLFD
&ULPLQROyJLFDV
5HFRSLODUFDVXtVWLFDVGHFD
VRVDFRQWHFLGRVDQLYHOQD
FLRQDO
3XEOLFDFLyQ \ SUHVHQWDFLyQ
GHREUDV\&'V*DV
WRVGH%
(VWXGLR´&ULPLQR6RFLROyJLFR
GHO+RPLFLGLRSRUHQFDUJRGH
OD&LXGDGGH3DQDPi
9LQFXOR FRQ RWUDV XQLGDGHV
DFDGpPLFDV H LQVWLWXFLRQHV
JXEHUQDPHQWDOHV \ QR JX
EHUQDPHQWDOHV
([SOLFDU PRWLYRV \ FRQVH
FXHQFLDV GH ORV KRPLFLGLRV
SRUHMHFXFLyQ
3UHVHQWDFLyQ \ 3XEOLFDFLyQ
GH OLEURV *DVWRV GH
%
5HODFLRQDU D IXQFLRQDULRV
GH LQVWLWXFLRQHV S~EOLFDV \
21*V HQ HO GHEDWH
LQWHUGLVFLSOLQDULR ´$ERUGDMH
HQODFRQGXFWDGHOLFWLYDGHpO
\ODDGROHVFHQWHHQFRQÁLFWR
FRQODOH\µ
$QDOL]DU\SUHVHQWDUDOWHUQD
WLYDV D ORV SDUWLFLSDQWHV
SDUDDERUGDUHOSUREOHPDGH
ODFRQGXFWDGHOLFWLYDGHODGR
OHVFHQWHHQHOSDtV
)RUR VREUH HO 3HQLWHQFLDULV
PR´+DFLDOD7UDQVIRUPDFLyQ
GHO 6LVWHPD 3HQLWHQFLDULR
3DQDPHxR
/RJUDU OD SDUWLFLSDFLyQ GH
SURIHVLRQDOHV \ IXQFLRQDULRV
GH LQVWLWXFLRQHV S~EOLFDV \
SULYDGDV
&RQRFHU\SURSRQHUDOWHUQDWL
YDVGHVROXFLyQDODUHDOLGDG
GHO 6LVWHPD 3HQLWHQFLDULR
3DQDPHxR
81,9(56,'$''(3$1$0É
,QVWLWXWRGH(VWXGLRVGHO&DQDO\(VWXGLRV,QWHUQDFLRQDOHV
3UR\HFWR0HWD5HVXOWDGR
,QIRUPHGHOWUDQVSRUWHPXOWL
PRGDO &DQDO GH 3DQDPi \
HVWUDWHJLDPDUtWLPDQDFLRQDO
&RQIHFFLRQDU XQD UHFRSLOD
FLyQ GH FRQFHSWRV XWLOL]DGRV
HQ OD LQGXVWULD GHO WUDQVSRUWH
PXOWLPRGDO \ UHDOL]DU XQ DQi
OLVLVGHODVFRQGLFLRQHVTXHVH
QHFHVLWDQ SDUD HO GHVDUUROOR
IXWXURGHHVWDLQGXVWULD
,QIRUPH ÀQDO HQWUHJD
GR D OD 9LFHUUHFWRUtD GH ,Q
YHVWLJDFLyQ
´0DSHRGH5HFXUVRVGH7UHV
&RPXQLGDGHV $IURGHVFHQ
GLHQWHVHQ&HQWURDPHULFDµ
5HDOL]DUUHXQLRQHVGHFRRUGL
QDFLyQ GLULJLGD D DXWRULGDG \
HTXLSR GH LQYHVWLJDGRUHV GHO
,QVWLWXWR
$YDQFHGH
(ODERUDFLyQ GHO SUHVXSXHV
WRSURJUDPDVJHRJUiÀFRV\
SURIHVLRQDOHVRFRQVXOWRUHV
GHDYDQFHGHOSUR\HFWR
5HDOL]DU UHXQLRQHV GH VHQVL
ELOL]DFLyQGLULJLGDDDXWRULGDG
\HTXLSRGHLQYHVWLJDGRUHVGHO
,&83HVWXGLDQWHVSURIHVRUHV
\SURIHVLRQDOHV
$YDQFHSRUREMHWLYR
5HFXUVR +XPDQR &DOLÀFDGR
SDUD IRUPDU SDUWH GHO FXHUSR
DFDGpPLFR
5HXQLyQFRQ$FWRUHVGHO3UR
\HFWRPRQWDUODORJtVWLFDGH
WUDEDMR
&RPSDUDFLyQGHLQFLGHQFLDHQ
SRUFHQWDMH VREUH HJUHVDGRV
GH OLFHQFLDWXUDV DÀQHV \ SUR
IHVLRQDOHVDTXLHQHVRIHUWDUOD
0DHVWUtD
(ODERUDFLyQ SDUD DSUREDFLyQ
GHO3UR\HFWR´)RUPXODULRSDUD
´0DHVWUtD HQ ,QGXVWULD 0D
UtWLPD ,QWHUQDFLRQDO FRQ HV
SHFLDOL]DFLyQ HQ $GPLQLVWUD
FLyQ3RUWXDULD\R7UDQVSRUWH
0XOWLPRGDO\/RJtVWLFRµ
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
OD3UHVHQWDFLyQGH3UR\HFWRVµ
DQWHOD9LFHUUHFWRUtDGH,QYHV
WLJDFLyQ\3RVWJUDGR
'LDJQyVWLFR H[SORUDWRULR VR
EUH OD FRQWDPLQDFLyQ HQ ORV
OLWRUDOHV FRVWHURV \ VX HIHFWR
HQ HO WXULVPR LQWHUQDFLRQ
DO FDVR &RUUHJLPLHQWR GH
3DOHQTXH0LUDPDU\&XDQJR
(ODERUDUHO3UR\HFWR\FHUWLÀ
FDFLyQ GHO OD 9LFHUUHFWRUtD GH
,QYHVWLJDFLyQ\3RVWJUDGR
$YDQFHSRUSUR\HFWR
5HDOL]DUUHXQLRQHVGHVHQVLEL
OL]DFLyQGLULJLGDDDXWRULGDGHV
\ OtGHUHV GH OD FRPXQLGDG GH
6DQWD,VDEHO
(ODERUDFLyQ GH OD HQFXHVWD
SDUD OD UHFROHFFLyQ GH LQIRU
PDFLyQ
$FXHUGRLQVWLWXFLRQDO
,QIRUPHVREUHODViUHDVUHYHU
WLGDV\'HVDUUROOR1DFLRQDO
3UHVHQWDU D OD FRPXQLGDG HQ
JHQHUDO XQ LQIRUPH GHWDOODGR
GHOXVRDFWXDOGHODViUHDVUH
YHUWLGDVGHO3DFtÀFRHVWH
6HFXOPLQyHOLQIRUPHÀQDO\
IXH HQWUHJDGR D OD 9,3 HO GHPDU]RGH
,PSDFWR GH ORV LQJUHVRV GHO
FDQDO HQ ORV FRUUHJLPLHQWRV
GHODFXHQFDHVWH
,QIRUPDU D OD FRPXQLGDG ORV
EHQHÀFLRVTXHVHKDQREWHQL
GRV GH ORV DSRUWHV GH ORV LQ
JUHVRVGHOFDQDO
$FWXDOPHQWH HO SUR\HFWR VH
HQFXHQWUDHQODHWDSDGHUH
FRSLODFLyQGHODLQIRUPDFLyQ
81,9(56,'$''(3$1$0É
,QVWLWXWRGH(VWXGLRV1DFLRQDOHV
3UR\HFWR0HWD5HVXOWDGR
6HPLQDULRV\GLSORPDGRV
&XPSOLU FRQ OD IRUPDFLyQ
FRQWLQXD GH HJUHVDGRV \ HV
WXGLDQWHVGRFHQWHVIXQFLRQD
ULRVGHOVHFWRUS~EOLFRSULYDGR
\ WHUFLDULR TXLHQHV VH HVWiQ
SUHSDUDQGRSDUDKDFHUOHIUHQ
WHDODVGHPDQGDVGHOPHUFD
GRODERUDO\FRPSHWLWLYR
'HVDUUROODGRVGH(QHURD-X
OLRGHHQWHPDVFRPR
‡ &DPELR&OLPiWLFR
‡ )RUPDFLyQGH,QVWUXFWRUHV
‡ 'LSORPDGR ,QWHUQDFLRQDO
GH5HIXJLR
´(VWXGLR GH ,PSDFWR SDUD HO
0HMRUDPLHQWR GH ODV &RQGL
FLRQHVGH&DOLGDGGH9LGDGH
OD &RPDUFD .XQD GH 0DGX
JDQGtµ
3UHVHQWDUXQSUR\HFWRHVSH
FLDOHQHOFXDOOD8QLYHUVLGDG
HMHUFHODFRQVXOWRUtD
6HFXHQWDFRQHOUHIUHQGRGHO
FRQWUDWR \ DFWXDOPHQWH HVWi
HQODIDVHGHHMHFXFLyQ
5HDOL]DUGXUDQWHHODxRGLYHU
VDVSXEOLFDFLRQHVHQDUDVGH
IRUWDOHFHU ODV GLVWLQWDV iUHDV
GHOVDEHU
(VWDVSXEOLFDFLRQHVVHHQ
FXHQWUDQHQODVSULQFLSDOHVEL
EOLRWHFDV\OLEUHUtDVGHOSDtV
%ROHWtQ,QIRUPDWLYR´(QWRUQRµ
3UHVHQWDUHO%ROHWtQVHPHVWUDO
TXH GLIXQGH ODV DFWLYLGDGHV
GHLQYHVWLJDFLyQFDSDFLWDFLyQ
\H[WHQVLyQTXHUHDOL]DHO,QV
WLWXWR
&RQ HVWD GLIXVLyQ VH GD D
FRQRFHU WDQWR ODV LQYHVWLJD
FLRQHVFRPRODVRIHUWDVDFD
GpPLFDV HQ PDWHULD GH (GX
FDFLyQ&RQWLQXD
*UXSRGH7UDEDMRGH&/$&
62´&DPELR&OLPiWLFR0RYL
PLHQWRV 6RFLDOHV \ 3ROtWLFDV
3~EOLFDVµ FHOHEUDGR HQ OD
FLXGDGGH6DQWLDJRGH&KLOH
3HUPLWLU D ORV SURIHVRUHV LQ
YHVWLJDGRUHV GHO ,'(1 SDUWL
FLSDQWHV HVWDEOHFHU GLiORJRV
DELHUWRV HQ DUDV GH DXWR HV
WUXFWXUDU \ KHWHUR HVWUXFWXUDU
ORVFRQRFLPLHQWRV
&RQRFLPLHQWRV HVWRV TXH
VHUiQSXHVWRVHQSUiFWLFDHQ
HOGHVDUUROORGHODGRFHQFLD\
ODLQYHVWLJDFLyQ
9 (QFXHQWUR GH (VWXGLDQWHV
GH 5HODFLRQHV ,QWHUQDFLRQD
OHV0p[LFR3DQDPi
FLHQFLDVVRFLDOHV
$SURYHFKDUHLQWHUFDPELRHQ
WUHORVHVWXGLDQWHV\GRFHQWHV
GHDPEDVXQLYHUVLGDGHV
5HDOL]DGR HQWUH OD )DFXOWDG
GH &LHQFLDV 6RFLDOHV \ 3ROt
WLFDV GH OD 8QLYHUVLGDG$XWy
QRPDGH0p[LFR81$0\OD
8QLYHUVLGDGGH3DQDPi
3XEOLFDFLyQGHOLEURVGHFRQ
WHQLGRV FLHQWtÀFRV OLWHUDULRV
\GHFLHQFLDVVRFLDOHV
5(1',&,Ð1'(&8(17$6
,QVWLWXWRGH*HRFLHQFLDV
3UR\HFWR0HWD5HVXOWDGR
0RQLWRUHRGHODGHUDVLQHVWD
EOHV
VDVDGHVOL]DPLHQWRV
&RQRFHUODVUHJLRQHVGHPD
\RUULHVJRVtVPLFR
,QLFLDQGRODSULPHUDHWDSD
3XHUWR$UPXHOOHV
)RUWDOHFLPLHQWR GHO PRQLWR
UHR VtVPLFR HQ HO ,VWPR GH
3DQDPi
&RPSUDHLQVWDODFLyQGHHV
WDFLRQHV GH EDQGD DQFKD
DFHOHUyJUDIR\VLVWHPD
6HKDLQLFLDGRHOSUR\HFWR
\DFWXDOPHQWHVHHQFXHQWUD
HQSURFHVR
7DUMHWD $QiORJR 'LJLWDO GH
H[SDQVLyQ SDUD GLJLWDOL]DGRU
GHD&DQDOHV
3DUDHOPHMRUDPLHQWRGHODV
HVWDFLRQHV GH EDQGD DQFKD
GH0HWHWt\3HQRQRPp
,QYHUVLyQGH
0DQWHQLPLHQWR GH ORV SUR
JUDPDV\SUR\HFWRVFRQVXV
UHVSHFWLYRVLQIRUPHVGLDULRV
GHRSHUDFLyQ
0DQWHQHU OD UHG VtVPLFD QD
FLRQDO WRGDV ODV HVWDFLRQHV
RSHUDQGRGHPDQHUDRSWLPD
UHDOL]DU LQIRUPHV GLDULRV GH
RSHUDFLyQ
&RVWR GH VH LQLFLy
FRQHOPLVPR
5HSDUDFLRQHV \ PDQWHQL
PLHQWRVSHULyGLFRV
6LVWHPDGHGHWHFFLyQVtVPL
FDDXWRPiWLFD
/RJUDU OD FDSWDFLyQ \ DQiOLVLV
DXWRPiWLFRGHODVVHxDOHVVtV
PLFDV SDUD HPLWLU ORFDOL]DFLR
QHV\EROHWLQHVDXWRPiWLFRV
,QYHUVLyQGHHVWi
HQHWDSDLQLFLDO
$FHOHUyJUDIRWULD[LDOFRQFHQ
VRU GH DFHOHUDFLyQ H[WHUQR
GHDOWDVHQVLELOLGDG
&RQWDU FRQ XQ DFHOHUyJUDIR
WULD[LDO
&RVWRGH
81,9(56,'$''(3$1$0É
,QVWLWXWRGHOD0XMHU
3UR\HFWR0HWD5HVXOWDGR
'HVDUUROOR GH DFWLYLGDGHV
DFDGpPLFDVH[WHQVLyQ
,QFRUSRUDU \ WUDQVYHUVDOL]DU
OD YLVLyQ GH JpQHUR HQ ODV
iUHDV GH FRQRFLPLHQWR7HF
QRORJtD &LHQFLDV 1DWXUDOHV
([DFWDV\&LHQFLDV$GPLQLV
WUDWLYDV &LHQFLDV 6RFLDOHV \
+XPDQtVWLFDV&LHQFLDVGHOD
6DOXG
-RUQDGD $FDGpPLFD GH
7UDQVYHUVDOL]DFLyQ GH OD
3HUVSHFWLYD GH *pQHUR HQ OD
(GXFDFLyQ6XSHULRUHQHOTXH
VHGHEDWLyFRQGRFHQWHVXQL
YHUVLWDULDVRV GH ODV GLVWLQWDV
iUHDVGHFRQRFLPLHQWRFRPR
ORJUDUODWUDQVYHUVDOL]DFLyQHQ
ODVGLVWLQWDVFDUUHUDV
´&ULVLV HFRQyPLFD (IHFWXDU
LQYHUVLRQHV HQ ODV PXMHUHV
HVXQDRSFLyQLQWHOLJHQWHµ
$FWXDOL]DU D SURIHVLRQDOHV \
GRFHQWHV HQ OD SDUWLFLSDFLyQ
DFWLYDTXHWLHQHQODVPXMHUHV
HQODHFRQRPtD
&UHDFLyQ GHO )RUR 'LULJLGR D
HVWXGLDQWHVGRFHQWHVDGPL
QLVWUDWLYRVDV LQYHVWLJDGR
UHVDV\S~EOLFRHQJHQHUDO
)RUR 1DFLRQDO ´9LROHQFLD
FRQWUD OD 0XMHU HQ 3DQDPi
5HDOLGDG\'HVDItRVµ
6HQVLELOL]DU D ODVRV XQLYHU
VLWDULRV DGPLQLVWUDWLYRV GR
FHQWHV \ S~EOLFR HQ JHQHUDO
GHODLPSRUWDQFLDTXHFRQVWL
WX\HFRPEDWLUOD9LROHQFLD'R
PpVWLFDHQQXHVWUDVRFLHGDG
'LULJLGR D HVWXGLDQWHV GR
FHQWHV DGPLQLVWUDWLYRVDV
LQYHVWLJDGRUHVDV \ S~EOLFR
HQJHQHUDO
5HDSHUWXUDGHOD0DHVWUtDHQ
*pQHUR\'HVDUUROOR
3URPRYHU OD IRUPDFLyQ GH
HVSHFLDOLVWDV TXH LPSXOVHQ
XQDJHVWLyQKDFLDHOGHVDUUR
OOR KXPDQR VRVWHQLEOH \ FRQ
SHUVSHFWLYDGHJpQHUR
)RUPDU SURIHVLRQDOHV TXH
FRQR]FDQORVSURFHVRVPHWR
GROyJLFRV SDUD HODERUDFLyQ
HMHFXFLyQ\HYDOXDFLyQGHOD
SROtWLFDVSXEOLFDVRULHQWDGDV
DJHQHUDUHTXLGDGVRFLDOHQ
WUHPXMHUHV\KRPEUHV
-RUQDGD GH FDSDFLWDFLyQ \
VHQVLELOL]DFLyQ
&DSDFLWDU DO SHUVRQDO DGPL
QLVWUDWLYR VREUH ODV FRQVH
FXHQFLDVTXHWLHQHODYLROHQ
FLDGRPpVWLFD
7HPD)HPLFLGLRHQ3DQDPi
RUJDQL]DGR SRU HO ,QVWLWXWR
6XSHULRUGH&DSDFLWDFLyQ/D
ERUDO\6LQGLFDO,168&/$6
&RQYHQLRFRQHO)RURGH0X
MHUHV\3DUWLGRV3ROtWLFRV
/RJUDU DOLDQ]DV FRQ RUJD
QLVPRV QDFLRQDOHV SDUD HO
IRUWDOHFLPLHQWR GH ODV PXMH
UHV HQ FDSDFLWDFLRQHV HQ
3DUWLFLSDFLyQGHOFLHUUHGHOD
21*$JHQGD(FRQyPLFDGH
ODV0XMHUHV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
FXHQWURV QDFLRQDOHV IRURV
,JXDOPHQWHHQODFUHDFLyQGH
HVWUDWHJLDVSDUDKDFHUIUHQWH
DVLWXDFLRQHVGHH[SORWDFLyQ
VH[XDO FRPHUFLDO GH QLxRV
DV DGROHVFHQWHV \ WUDWD GH
EODQFDV
3DUWLFLSDFLyQHQOD&RPLVLyQ
1DFLRQDO SDUD OD 3UHYHQFLyQ
GH OD ([SORWDFLyQ 6H[XDO
&21$35('(6
)RUR ´(O &RRSHUDWLYLVPR
FRPR&RPXQLGDGGH%LHQHV
WDU6RFLDOµ
&RQRFHU OD VLWXDFLyQ GH ODV
PXMHUHVHQHOFRRSHUDWLYLVPR
FRPR KHUUDPLHQWD TXH KDFH
YLVLEOH D ODV PXMHUHV HQ OD
VRFLHGDG \ HQ OD HFRQRPtD
FRPRDJHQWHGHFDPELR
'LULJLGR D HVWXGLDQWHV GR
FHQWHV DGPLQLVWUDWLYRVDV LQ
YHVWLJDGRUHVDV \ S~EOLFR HQ
JHQHUDO
,QYHVWLJDFLyQ
(VWDEOHFHUTXHORVGHUHFKRV
GH ODV PXMHUHV VRQ SDUWH GH
ORVGHUHFKRVKXPDQRVGRQ
GH HO FRQWURO GH VX IHFXQ
GLGDG VDOXG UHSURGXFWLYD
VH[XDOLGDG\ORVSURFHVRVGH
DXWRQRPtD TXH HOOR FRQOOHYD
SDUD ODV PXMHUHV VRQ SDUWH
GHHVRVGHUHFKRV
,QYHVWLJDFLyQ SXEOLFDGD ´'H
UHFKRV 6H[XDOHV \ 'HUH
FKRV 5HSURGXFWLYRV SDUWH
HVHQFLDO GH ORV GHUHFKRV
KXPDQRVµ 3UHVHQWDGD D
HVWXGLDQWHV GRFHQWHV DG
PLQLVWUDWLYRVDVLQYHVWLJDGR
UHVDV\S~EOLFRHQJHQHUDO
6HPLQDULR/LEUHVREUH*pQH
UR\)HPLQLVPR$XWRQRPtD\
(PSRGHUDPLHQWR
0DQWHQHU HQ IRUPDFLyQ
FRQVWDQWH \ DFWXDOL]DGD D OD
SREODFLyQHQWHPDVGHGHUH
FKRVGHODVPXMHUHV
'LULJLGR D HVWXGLDQWHV GR
FHQWHV DGPLQLVWUDWLYRVDV
LQYHVWLJDGRUHVDV \ S~EOLFR
HQJHQHUDO
3UHVHQWDFLyQ GH OD 7HVLV GH
0DHVWUtD HQ 3UHYHQFLyQ \
$WHQFLyQ GH OD 9LROHQFLD ,Q
WUDIDPLOLDU FRQ (QIRTXH GH
*pQHUR
,PSXOVDUDIXWXURVDVHJUHVD
GRVDVGHWHVLVGHSUHJUDGR
LQYHVWLJDGRUHV LQGHSHQGLHQ
WHVDSURIXQGL]DUHQHOWHPD
GH YLROHQFLD FRPR XQ WHPD
GHVHJXULGDGFLXGDGDQD
´$QiOLVLV &RPSDUDWLYR GHVGH
XQD 3HUVSHFWLYD GH *pQHUR
GH OD ,QFLGHQFLD GH 9LROHQFLD
,QWUDIDPLOLDU HQ ODV SHUVRQDV
DWHQGLGDV HQ &HQWUR GH 6D
OXG GH WUHV FRUUHJLPLHQWRV
GHO'LVWULWRGH&ROyQSHUtRGR
µ (Q OD %LEOLRWHFD
(VSHFLDOL]DGD0DUWD0DWDPR
URVGHO,QVWLWXWRGHOD0XMHU
81,9(56,'$''(3$1$0É
&RQYHQLR)RUR0XMHUHV3DUWLGRV3ROtWLFRV
3UR\HFWR0HWD5HVXOWDGR
,QYHVWLJDFLyQ´1RROYLGDPRV
QL DFHSWDPRV )HPLFLGLR HQ
&HQWURDPpULFD µ
SRU'UD6\OYLD0HVD3HOXIIR
GH&RVWD5LFD
&RPSUREDUFRPRVHYDQGX
SOLFDQGR ORV IHPLFLGLRV HQ
&HQWURDPpULFD SDUD GHÀQLU
SROtWLFDV \ DFFLRQHV FRQFUH
WDVGLULJLGDVDODSUHYHQFLyQ
DVtFRPRDLQYHVWLJDUSHUVH
JXLU \ VDQFLRQDU HO IHPLFLGLR
HQODUHJLyQ
3UHVHQWDGD D HVWXGLDQWHV
GRFHQWHVDGPLQLVWUDWLYRVDV
LQYHVWLJDGRUHVDV \ S~EOLFR
HQJHQHUDO
5(1',&,Ð1'(&8(17$6
,QVWLWXWR(VSHFLDOL]DGRGH$QiOLVLV
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWR GHO VLVWHPD
GH*HVWLyQ
2EWHQHU OD FHUWLÀFDFLyQ ,62
8QDDXGLWRUtDGHVHJXLPLHQ
WRSRU$SSOXVVHPDQWLHQH
&HUWLÀFDFLyQ,62
GRV DXGLWRUtDV LQWHUQDV \ XQ
FRQVXOWRU HVWiQ HQ FRQWLQXD
UHYLVLyQ GHO VLVWHPD $XWR
JHVWLyQ
3DUWLFLSDU HQ LQWHUODERUDWR
ULRVUHTXLVLWREiVLFR
0DQWHQHU FHUWLÀFDFLyQ \
DFUHGLWDUHO,QVWLWXWR(VSHFLD
OL]DGRGH$QiOLVLV,($
(QYLDGRV SRU GLVWLQWRV RUJD
QLVPRVLQWHUQDFLRQDOHV
‡ (XURSHDQ'LUHFWRUDWHIRU
WKH 4XDOLW\ RI 0HGLFLQHV
('40GHO&RQFHMR(X
URSHR
‡ 3URJUDPD GH &RQWURO
([WHUQR GH OD &DOLGDG
3&(& GH OD 2UJDQL]D
FLyQ 3DQDPHULFDQD GH
OD 6DOXG 2368QLWHG
6WDWHV 3KDUPDFRSHLD
863
‡ $TXHOORVDXVSLFLDGRVSRU
OD 2UJDQL]DFLyQ 0XQGLDO
GHOD6DOXG206DGH
PiV GH 35,'$$ )$2 \
5,/$$$XWRJHVWLRQ
$OFDQ]DU ORV VWDQGDUGV GH
FDOLGDG TXH UHFRPLHQGD OD
8QLWHG 6WDWHV 3KDUPDFR
SHLD863
DO GH PD\R IXH OD YLVL
WD GHO FRQVXOWRU GH OD 863
&1&&
/DFDUWDGHLQWHQFLyQHVWiOLV
WD (VWDPRV HQ VHJXLPLHQ
WR SRU SDUWH GH OD 863 'U
$GULiQ%DURMDV
&RPRUHVXOWDGRGHODFRQVXO
WRUtD ORJUDPRV GRQDFLyQ GH
OD863DO,($SRUXQYDORU
GHGyODUHV)RQGRV
H[WHUQRV
/RJUDU SUHFDOLÀFDFLyQ GH
206SDUDHOGHGLFLHPEUH
GH
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
0DQWHQLPLHQWRV GH ORV HTXL
SRVGHPHGLFLyQGHO,QVWLWXWR
(VSHFLDOL]DGRGH$QiOLVLV
'DU PDQWHQLPLHWQR SUHYHQ
WLYR D WRGRV ORV HTXLSRV GHO
,QVWLWXWR (VSHFLDOL]DGR GH
$QiOLVLV
&RQWUDWRV GH PDQWHQLPLHQWR
\ FDOLEUDFLyQ GH ORV HTXLSRV
GHO ,($ \D IXHURQ UHIUHQGD
GRV SRU &RQWUDORUtD \ HVWiQ
HQHMHFXFLyQ$XWRJHVWLRQ
$FUHGLWDUODVSUXHEDVGH&R
OLIRUPHV7RWDOHV\&ROLIRUPHV
7HUPRWROHUDQWHVHQDJXDV
/RJUDUODDFUHGLWDFLyQ
$YDQFHGH
/D~OWLPDVHPDQDGHOPHVGH
DJRVWRVHLQLFLDHOWUiPLWHGH
DFUHGLWDFLyQDQWHHO&RQVHMR
1DFLRQDOGH$FUHGLWDFLyQ
&RQWLQXDU FRQ HO UHHPSOD]R
GH HTXLSRV GH OD VHFFLyQ
$SDUDWRVGH)OXMR/DPLQDU\
&RQWDGRUGH3DUWtFXODV
5HHPSOD]DU ORV HTXLSRV RE
VROHWRVRGHWHULRUDGRV
$YDQFHGH
5HYLVLyQ GH OD *XtD GH $X
WRHYDOXDFLyQ SDUD /DERUDWR
ULRV )DUPDFpXWLFRV GH &RQ
WURO GH &DOLGDG GH DFXHUGR
DO ,QIRUPH $QH[R GH
206FRPRSDUWHGHO*UXSR
GH7UDEDMR GH %XHQDV 3UiF
WLFDV GH ODERUDWRULR \ UHSUH
VHQWDQWHDQWHHO6,&$
5HYLVDU ODV JXtDV GH FRQWURO
GHFDOLGDG
5HXQLyQ UHDOL]DGD HQ 3HU~
FRQ HO *UXSR GH 7UDEDMR GH
%XHQDV3UiFWLFDVGH/DERUD
WRULR GH 236 \ UHSUHVHQWDQ
WHV GH ODERUDWRULRV GH %ROL
YLD 3HU~ 8UXJXD\ %UDVLO \
-DPDLFD )RQGRV H[WHUQRV
$YDQFH
3DUWLFLSDFLyQ FRPR PLHP
EUR GHO FRPLWp GH H[SHUWRV
GH 206 HQ OD UHYLVLyQ PR
GLÀFDFLyQ \ DSUREDFLyQ GH
WHPDV UHIHUHQWHV D &RQWURO
GH &DOLGDG \ %XHQDV 3UiFWL
FDV HQ GLIHUHQWHV GLVFLSOLQDV
PLFURELRORJtD PDQXIDFWXUD
GLVWULEXFLyQHWF
5HYLVLyQ PRGLÀFDFLyQ \
DSUREDFLyQ GH WHPDV UHIH
UHQWHVD&RQWUROGH&DOLGDG\
%XHQDV3UiFWLFDV
0LHPEUR GHO &RPLWp GH ([
SHUWRV GH OD 2UJDQL]DFLyQ
0XQGLDO GH OD 6DOXG 206
SDUD OD DYD 5HXQLyQ GHO
&RPLWpGH([SHUWRVVREUH(V
SHFLÀFDFLRQHV SDUD )RUPXOD
FLRQHV )DUPDFpXWLFDV HQ OD
VHGHGHOD206HQ*LQHEUD
)RQGRVH[WHUQRV
6ROLFLWXG D ORV PLQLVWHULRV FR
UUHVSRQGLHQWHVGHD\XGDSDUD
ORV /DERUDWRULRV 1DFLRQDOHV
GH &RQWURO GH &DOLGDG GH ORV
SDtVHVDVLVWHQWHVDODUHXQLyQ
&RQWDU FRQ ODERUDWRULRV GH
FRQWUROGHFDOLGDG
3DUWLFLSDFLyQ HQ HO 7DOOHU
6XEUHJLRQDO GH ORV 3DtVHV
GH$0,HQ/LPD3HU~
6H ORJUDURQ ODV FDUWDV FRQ
UHVSDOGR GH OD 236863 GH
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
ORV SDtVHV DVLVWHQWHV $GH
PiVVHORJUyDFHSWDFLyQGH
ORV SDtVHV TXH QR VRQ GH OD
UHJLyQDQGLQDSDUDSDUWLFLSDU
HQ ORV LQWHUODERUDWRULRV SUR
SRUFLRQDGRVSRUHO&1&&GH
3HU~)RQGRVH[WHUQRV
&DSDFLWDFLyQ HQ ORV DQiOL
VLV GH UHVLGXRV GH SHVWLFL
GDV FRQ HO QXHYR HTXLSR GH
&URPDWRJUDÀDGH*DVHVFRQ
FROXPQD FDSLODU \ RSWLPL]DU
OD FXDQWLÀFDFLRQ GH 'LHWLOHQ
JOLFRO VHJ~Q ORV SDUDPHWURV
GHOD863
'HVDUUROODU XQ 7DOOHU 7HyULFR
² 3UiFWLFR HQ OD ´'HWHUPLQD
FLyQGHSHVWLFLGDVHQGLIHUHQ
WHV PXHVWUDV \ RSWLPL]DFLRQ
GHO DQiOLVLV GH GLHWLOHQJOLFRO
VHJ~Q ORV SDUDPHWURV GH OD
863GHDOPHQRVDQDOLVWDV
DQDOLVWDV FDSDFLWDGRV HQ
HO XVR GH &URPDWyJUDIR GH
*DVHV FRQ FROXPQD &DSLODU
$XWRJHVWLyQ
&DSDFLWDFLyQ HQ ORV DQiOLVLV
GH UHVLGXRV GH VROYHQWHV HQ
PHGLFDPHQWRV \ PDWHULDV
SULPDVGHXVRHQODLQGXVWULD
IUDPDFHXWLFD
&DSDFLWDUDOPHQRVDQDOLV
WDVHQHVWDWpFQLFD
FDSDFLWDGRV $XWRJHV
WLyQ
,QVWDODFLRQHVGHO,QVWLWXWR(VSHFLDOL]DGRGH$QiOLVLV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDFLyQ GH ORV FRODER
UDGRUHVGHO,QVWLWXWR(VSHFLD
OL]DGR GH $QiOLVLV PHGLDQWH
ORV 6HPLQDULRV&RQIHUHQFLDV
RUJDQL]DGRVSRUOD'LUHFFLyQ
GH5HFXUVRV+XPDQRVHQGL
IHUHQWHV WHPDV 4XH VH GLF
WDQWULPHVWUDOPHQWH
&DSDFLWDUDOPHQRVFRODER
UDGRUHVFDGDWULPHVWUH
FRODERUDGRUHVFDSDFLWDGRV
FDGDWULPHVWUH$XWRJHVWLyQ
&RQWLQXDU FRQ HO UHHPSOD]R
GHHTXLSRVGHODVHFFLyQ
&RQWDUFRQ$SDUDWRVGH)OXMR
/DPLQDU \ &RQWDGRU GH 3DU
WtFXODV
$XWRJHVWLyQ
0HMRUDU ORV SURFHVRV DGPL
QLVWUDWLYRV PHGLDQWH HO GH
VDUUROOR GH XQD DSOLFDFLyQ
LQIRUPiWLFDGHJHVWLyQGHODV
PXHVWUDV²6LVWHPDGH$Qi
OLVLV,($
,PSOHPHQWDU XQ 6LVWHPD ,Q
IRUPiWLFR SDUD PDQHMDU \
RSWLPL]DU OD LQIRUPDFLyQ GH
ORVH[SHGLHQWHVGHPXHVWUDV
LQJUHVDGDV SDUD DQiOLVLV
PHGLDQWH OD XWLOL]DFLyQ GH
XQD %DVH GH 'DWRV UHODFLR
QDO PiV UREXVWD \ GH PD\RU
UHQGLPLHQWR
(QHOSURFHVRGHGHSX
UDFLyQ H LPSOHPHQWDFLyQ GHO
VLVWHPD$XWRJHVWLyQ
3HUVRQDOGHO,QVWLWXWROOHYDDFDERVXVODERUHVGHLQYHVWLJDFLyQ
5(1',&,Ð1'(&8(17$6
,QVWLWXWR&HQWURDPHULFDQRGH$GPLQLVWUDFLyQ\6XSHUYLVLyQ
GHOD(GXFDFLyQ
3UR\HFWR0HWD5HVXOWDGR
3URJUDPDGH([WHQVLyQ\'L
IXVLyQ
‡
‡
‡
‡
‡
‡
9tQFXORVFRQRWUDVXQLGDGHV
DFDGpPLFDV
‡
‡
‡
‡
(GLFLyQ GH OD UHYLVWD
(VSHFLDOL]DGD ´$FFLyQ
\ 5HÁH[LyQ (GXFDWLYDµ
%ROHWtQ ´'HVGH HO ,&$
6(µ1ž\
3iJLQD :(% DFWXDOL]D
FLyQ GH ODV QXHYDV RIHU
WDV
6HPLQDULR GH ,QYHVWLJD
FLyQ (GXFDWLYD D 1LYHO
6XSHULRU
&XUVR GH 3HUIHFFLRQD
PLHQWR HQ 'LGiFWLFD GHO
1LYHO6XSHULRU
(ODERUDFLyQ GHO 0DQXDO
´8VRGHOD3L]DUUD'LJLWDO
LQWHUDFWLYDµ
0XUDOHV&RQODVQXHYDV
DGTXLVLFLRQHV ELEOLRJUi
ÀFDV LQIRUPDFLyQ GH GH
ORV FXUVRV \ SURJUDPDV
GHO,QVWLWXWR
7RGDV HVWDV DFWLYLGDGHV
FRPSOHWDGDVDO
&XUVR GH 3HUIHFFLRQD
PLHQWR HQ 'LGiFWLFD GHO
1LYHO6XSHULRU
6HPLQDULR GH ,QYHVWLJD
FLyQ (GXFDWLYD HQ HO 1L
YHO6XSHULRU
3DUWLFLSDFLyQ GHO ,&$6(
FRPR FRRUGLQDGRU GH OD
6XEFRPLVLyQ GH (GXFD
FLyQHQHO´2EVHUYDWRULR
8QLYHUVLWDULR GHO HVWDGR
GHODQDFLyQµ
6LVWHPDWL]DFLyQ GH QRWL
FLDVGHOiUHD(GXFDWLYD
&XOPLQDGR
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UHVWDFLyQGHVHUYLFLRVFRQ
VXOWRUtDV\DVHVRUtDV
‡
&RQIHUHQFLD
RIUHFLGD
SDUDFRODERUDGRUHVGHOD
9,(; ´9DORUDFLyQ GH ORV
SURJUDPDV TXH RIHUWDQ
ODV XQLYHUVLGDGHV SDUWL
FXODUHVXWLOL]DQGRODPR
GDOLGDGYLUWXDO
3DUWLFLSDFLyQ FRPR VR
FLR UHSUHVHQWDQWH GH OD
8QLYHUVLGDG GH 3DQDPi
HQ GRV SUR\HFWRV GH OD
FRPXQLGDG (FRQyPLFD
(XURSHD
&RQRFLPLHQWR ,QFOXVLyQ
'HVDUUROORµ FRQ OD 8QL
YHUVLGDG,WDOLDQD
3URPRFLyQGHODLQQRYD
FLyQ(GXFDWLYDPHGLDQWH
DFFLRQHVTXHSURSHQGHQ
D OD LQFOXVLyQ GH JUXSRV
YXOQHUDEOHV HQ ODV LQVWL
WXFLRQHV GH HGXFDFLyQ
VXSHULRU GH $PpULFD
/DWLQD \ OD &RPXQLGDG
(XURSHD \ D VX SURQWD
LQVHUFLyQ/DERUDO&RQOD
8QLYHUVLGDG GH 8SSVDOD
6XL]D
3UR\HFWRWHUPLQDGR
&RQWH[WXDOL]DFLyQ GH ORV
FRQWHQLGRVSURJUDPiWLFRVGH
OD0DHVWUtDHQ&XUUtFXOXP
$GTXLULUOLEURVHQODVGLIHUHQ
WHViUHDVGHODHGXFDFLyQGL
GiFWLFD FXUUtFXOR SVLFRORJtD
GH OD HGXFDFLyQ HYDOXDFLyQ
HGXFDWLYDLQYHVWLJDFLyQLQQR
YDFLyQ\WHFQRORJtD\JHVWLyQ
(QVXVHJXQGDIDVH
‡
‡
‡
$FWXDOL]DFLyQ GH ORV SURJUD
PDVTXHVHRIHUWDQ
,QFUHPHQWRGHODFHUYRELEOLR
JUiÀFR\GRFXPHQWDO
$GTXLVLFLyQ GH OLEURV HV
SHFLDOL]DGRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
,QYHVWLJDFLRQHVUHDOL]DGDV
‡
‡
‡
‡
‡
3HUVRQDO'RFHQWH
‡
‡
/DERUDWRULRGH,QIRUPiWLFD
‡
/D(YDOXDFLyQGHO3URJUD
PD GH 3HUIHFFLRQDPLHQWR
HQ'LGiFWLFDGHO1LYHO6X
SHULRU SDUD HO TXLQTXHQLR
&yGLJR
3HUFHSFLRQHVGHORVHVWX
GLDQWHVDFHUFDGHODFDUUH
UDTXHFXUVDQ&yGLJR
,PSDFWRGHO&XUVRGH3HU
IHFFLRQDPLHQWR 'RFHQWH
HQ'LGiFWLFDGHOQLYHO6X
SHULRU HQ HO 'HVHPSHxR
GHOD'RFHQFLDGHVXVSDU
WLFLSDQWHVHJUHVDGRV9,\
9,,)DVH
$QiOLVLVGHO3URJUDPD)RU
PDO GH OD /LFHQFLDWXUD HQ
,QIRUPiWLFD SDUD OD *HV
WLyQ (GXFDWLYD \ (PSUH
VDULDOGHO&HQWUR5HJLRQDO
8QLYHUVLWDULRGH9HUDJXDV
+DFLDXQDFDUDFWHUL]DFLyQ
GHOD,QYHVWLJDFLyQHGXFD
WLYD HQ OD 8QLYHUVLGDG GH
3DQDPi
,QYHVWLJDFLRQHVUHDOL]DGDV
&DSDFLWDFLyQ HQ HO FXUVR
GH 3HUIHFFLRQDPLHQWR GH
'LGiFWLFD*HQHUDO
&DSDFLWDFLyQ HQ HO 6HPL
QDULRGH,QYHVWLJDFLyQGHO
1LYHO6XSHULRU
(OSUR\HFWRIXHFXOPLQDGR
'LJLWDOL]DFLyQ HQ IRUPDWR
3')GHOLEURVGHOiUHDGH
HGXFDFLyQ LQYHVWLJDFLyQ
FXUULFXOXP \ DGPLQLVWUD
FLyQSDUDHOXVRGHSURIH
VRUHV\HVWXGLDQWHV
6HFXHQWDFRQXQODERUDWRULR
PDVPRGHUQR
81,9(56,'$''(3$1$0É
,QVWLWXWR3DQDPHULFDQRGH(GXFDFLyQ)tVLFD
3UR\HFWR0HWD5HVXOWDGR
3URJUDPDV GH GLSORPDGRV \
PDHVWUtDV
%ULQGDU RSRUWXQLGDGHV GH
HVWXGLRV GH SRVWJUDGR HQ HO
iUHDGHODHGXFDFLyQItVLFD
$FWXDOPHQWHVHHVWiQGLFWDQ
GR
‡ 0DHVWUtDHQ&LHQFLDVGH
OD $FWLYLGDG )tVLFD FRQ
pQIDVLV HQ *HVWLyQ 'H
SRUWLYD
‡ 'LYHUVRV
GLSORPDGRV
SDUDHOVHFWRUWpFQLFRGH
ORVJLPQDVLRV
&RQYHQLRVLQWHUQDFLRQDOHV
(VWDEOHFHU YtQFXORV FRQ RU
JDQLVPRV
LQWHUQDFLRQDOHV
SDUDODUHDOL]DFLyQGHFRQYH
QLRV\FRQJUHVRV
6H KDQ ORJUDGR FRQYHQLRV
FRQ 8QLYHUVLGDGHV GH 0p[L
FR 1LFDUDJXD )XQGDFLyQ
(GXFDWLYD &HQWURDPHULFDQD
GH(GXFDFLyQ)tVLFD'HSRU
WH\5HFUHDFLyQHQWUHRWURV
3UiFWLFDSURIHVLRQDO
/RJUDU DFXHUGRV FRQ LQVWLWX
FLRQHVTXHSHUPLWDQDORVHV
WXGLDQWHV UHDOL]DU VXV SUiFWL
FDVSURIHVLRQDOHVGHJUDGR\
SRVWJUDGR
6H WLHQH DFXHUGR FRQ OD 3R
OLFtD 1DFLRQDO FRPR SUHSD
UDGRUHV GH I~WERO *UXSR GH
ODWHUFHUDHGDGGH-XDQ'tD]
JLPQDVLD DHUyELFD \ HQ HO
&HQWUR GH 6DOXG GH 1XHYR
9HUDQLOORFRPRDSR\RDWHUD
SLDGHSDFLHQWHVDVPiWLFRV
/HJLVODFLyQ VREUH LGRQHLGDG
SURIHVLRQDO
3UHSDUDUDQWHSUR\HFWRGHOH\
SDUD UHJXODU HO HMHUFLFLR GH
ORVSURIHVLRQDOHV
$QWHSUR\HFWRHODERUDGRSDUD
LGRQHLGDG SURIHVLRQDO HQ HO
FDPSRGHODDFWLYLGDGItVLFD
HOGHSRUWH\ODUHFUHDFLyQ
&DSDFLWDFLyQFRQWLQXD
%ULQGDU FXUVRV \ VHPLQDULRV
HQIRUPDSHUPDQHQWH
6H PDQWLHQHQ FXUVRV FRUWRV
\ VHPLQDULRV GH DFWXDOL]D
FLyQ HQ HO FDPSR GH OD DFWL
YLGDG ItVLFD HO GHSRUWH \ OD
UHFUHDFLyQ
5(1',&,Ð1'(&8(17$6
3URPHMRUDVGHOD*DQDGHUtD3520(*$
3UR\HFWR0HWD5HVXOWDGR
3)XQFLRQDPLHQWR GH OD XQL
GDG
%*HVWLRQDU OD DVLJQDFLyQ
GHXQJORERGHWHUUHQRSDUD
OD QXHYD VHGH GHO ,QVWLWXWR
3520(*$
6HDFRUGyHQHO&RQVHMR$G
PLQLVWUDWLYR XELFDU D 352
0(*$ HQ HO WHUUHQR TXH
FROLQGD FRQ HO &RUUHGRU 6XU
FHUFD GHO 6DOXG $QLPDO GHO
0,'$ 7RFXPHQ (VWi SHQ
GLHQWHGHRUGHQGHSURFHGHU
,QYHVWLJDFLRQHV
5HDOL]DU LQYHVWLJDFLRQHV HQ
HO iUHD GH IRUUDMH \ HQ HO
iUHD GH PDQHMR \ QXWULFLyQ
GHERYLQRV
GDV 6H SUHVHQWDURQ ORV LQ
‡
‡
‡
‡
‡
‡
3URGXFWRUUHDOL]DGHVFRQJHODPLHQWRGHODSDMLOODGHVHPHQERYLQR
(IHFWRGHOD)HUWLOL]DFLyQ
1LWURJHQDGD \ /HJXPL
QRVD$UDFKLVSLQWRL&,$7
HQ OD SURGXFFLyQ
GH PDWHULD VHFD \ FRP
SRVLFLyQ TXtPLFD GHO
SDVWR %UDFKLDULD KtEULGR
&,$70XODWR,,
(IHFWR GHO XVR GH OD VDO
SURWHLQDGDHQHOJDQDGR
GHGREOHSURSyVLWR
(IHFWR GH OD VDO SURWHL
QDGDFRQ%DOR*OLULFLGLD
VHSLXP VREUH OD LQFL
GHQFLDGHDOJXQRVHQGR
SDUiVLWRV HQ ERYLQR GH
FHED
(IHFWR GH OD IUHFXHQFLD
GH FRUWH VREUH HO UHQ
GLPLHQWR \ FDOLGDG GHO
IRUUDMHGH7KLWRQLDGLYHU
VLIROLD
(YDOXDFLyQGHODSURGXF
FLyQGHOHFKH\HOXVRGH
WHFQRORJtD HQ ORV VLVWH
PDVGHJDQDGRGHGR
EOHSURSyVLWRHQ$]XHUR
(IHFWRGHODKLGUROL]DFLyQ
FRQFDOKLGUDWDGDHQSRO
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UiFWLFDHQHOiUHDGHVLPXODFLyQ
‡
‡
‡
‡
‡
,QWHUDFFLyQ FRQ SURGXFWRUHV
GHOiUHD
7UDQVIHULU WHFQRORJtD D SUR
GXFWRUHV HVSHFtÀFDPHQWH
HQODViUHDVGHQXWULFLyQIR
UUDMH PDQHMR VDOXG DQLPDO
DGPLQLVWUDFLyQ \ RUJDQL]D
FLyQGHXQDÀQFDJDQDGHUD
YR \ GLOXLGD HQ DJXD \
GHMDGDHQFDSDGHOJDGD
\JUXHVD
(OHIHFWRGHODKLGUROL]D
FLyQFRQODFDOKLGUDWDGD
VREUHODFDOLGDGGHO3HQ
QLVHWXP \ GH OD FDxD
SLFDGD
(IHFWR GH GLYHUVDV SUR
SRUFLRQHVGHFDOKLGUDWD
GDHQODKLGUROL]DFLyQGH
ODFDxD
(YDOXDFLyQ %URPDWROyJL
FDGHOD6DFKDULQD6HFD
FRPR IRUUDMH XVDQGR GL
IHUHQWHVWUDWDPLHQWRV
(IHFWR GH OD )UHFXHQFLD
GHFRUWHVREUHHOUHQ
GLPLHQWR \ FDOLGDG GHO
IRUUDMHGH7KLWRQLDGLYHU
VLIROLD
(YDOXDFLyQ GH OD LQFRU
SRUDFLyQGH$UDFKL3LQWRL
&,$7 HQ WUHV HV
SHFLHV YHJHWDOHV 3URPL
VRULDV
5HDOL]DFLyQ GH GtDV GH
FDPSRHQODVGLIHUHQWHVSUR
YLQFLDV
6H DWHQGLHURQ DSUR[LPDGD
PHQWH SHUVRQDV HQ HV
WDVDFWLYLGDGHV
6H UHDOL]DURQ HQ FRRUGL
QDFLyQ FRQ LQVWLWXFLRQHV
FRPR HO 0,'$ 83'DULpQ
$1$*$1 &23(* 1HVWOp
\ )(57,&$ ,JXDOPHQWH VH
UHDOL]DURQ MRUQDGDV WpFQLFDV
FRQMXQWDPHQWHFRQHO0,'$\
OD 83 SDUD FDSDFLWDU D SUR
GXFWRUHVGH$]XHUR\&RFOp
5(1',&,Ð1'(&8(17$6
9,81,9(56,'$''(/75$%$-2<
/$7(5&(5$('$'
81,9(56,'$''(3$1$0É
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH3DQDPi\&ROyQ
3UR\HFWR0HWD5HVXOWDGR
&DSDFLWDU D SHUVRQDV DGXO
WDVMyYHQHV\DGXOWRVPD\R
UHV PHGLDQWH HO GHVDUUROOR
GH FXUVRV FRPR 3LQWXUD
DO 2OHR &KL .XQJ 7DL &KL
&KXDQ 1DWDFLyQ 0RGLVWHUtD
, ,, ,,, ,QIRUPiWLFD %iVLFD
,QWHUPHGLD$YDQ]DGD %HOOH
]D7XULVPR3URWRFROR,QJOHV
EiVLFRLQWHUPHGLR\DYDQ]D
GR <RJD 'LEXMR \ 3LQWXUD
6DVWUHUtD5HSRVWHUtD&RFLQD
,QWHUQDFLRQDO9LWUDOHV\RWURV
&DSDFLWDU XQ DSUR[LPDGR
GHGRVPLODGXOWRVMyYHQHV\
DGXOWRVPD\RUHVHQORVWUHV
FXDWULPHVWUHVGHODxR
+DVWDODIHFKDVHKDQGLFWD
GRXQSURPHGLRGHFXUVRV
\ KDQ SDUWLFLSDGR DOUHGHGRU
GHSHUVRQDV
3XEOLFDUXQOLEUR\XQDUHYLV
WD FRQPHPRUDWLYRV D ORV DxRVGHIXQGDFLyQGHOD8QL
YHUVLGDGGH3DQDPi
/DV SXEOLFDFLRQHV HVWiQ HQ
GHO SURFHVR SDUD HVH
SHUtRGRSURJUDPDGR
)HULDVGH$XWRHVWLPDHQ3D
QDPi\&ROyQ
5HDOL]DUXQDIHULDSRUFXDWUL
PHVWUH
6H KDQ UHDOL]DGR GRV IHULDV
GHDXWRHVWLPD
$SHUWXUDGHQXHYDVVHGHV
,QDXJXUDU ODV VHGHV GH OD
8QLYHUVLGDGGHO7UDEDMR\GH
OD 7HUFHUD (GDG HQ 6DQ 0L
JXHOLWR\3DQDPi2HVWH
6HDEULHURQODVVHGHVUHJLR
QDOHV HQ 3DQDPi 2HVWH \
6DQ0LJXHOLWR
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH$]XHUR
3UR\HFWR0HWD5HVXOWDGR
)XQFLRQDPLHQWR GH ODV RÀ
FLQDV GH OD 8QLYHUVLGDG GHO
7UDEDMR \ OD 7HUFHUD (GDG
GH$]XHUR
0DQWHQHUHOIXQFLRQDPLHQWRGH
ODV RÀFLQDV GH OD 8QLYHUVLGDG
GHO7UDEDMR\OD7HUFHUD(GDG
GHIXQFLRQDPLHQWR
6HPLQDULRV 'LSORPDGRV \
&XUVRV
&DSDFLWDU D ORV HVWXGLDQWHV
HJUHVDGRV\FRQWLQXDUFRQHO
SURFHVR GH DFWXDOL]DFLyQ \
SHUIHFFLRQDPLHQWR
DFWLYLGDGHV VHPLQDULRV
XQGLSORPDGR\FXUVRV
% HQ JDVWRV GH
IXQFLRQDPLHQWR
% GH LQJUHVRV
SRU DOTXLOHU \ VHPLQDULR \
%GHJDVWRVGHOIRQ
GRGHDXWRJHVWLyQ
5(1',&,Ð1'(&8(17$6
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH%RFDVGHO7RUR
3UR\HFWR0HWD5HVXOWDGR
&RQVWUXFFLyQ GH OD LQIUDHV
WUXFWXUDSDUDOD&RRUGLQDFLyQ
GHOD8QLYHUVLGDGGHO7UDEDMR
\OD7HUFHUD(GDG
0DQWHQHUORVFXUVRVGHHGX
FDFLyQFRQWLQXD\GHVDUUROODU
SURJUDPDVFRQDGXOWRVMyYH
QHV\DGXOWRVPD\RUHV
3UHVHQWDFLyQ \ VXVWHQWDFLyQ
GHOSUR\HFWRGHFRQVWUXFFLyQ
TXH SHUPLWD KDFHU UHDOLGDG
HVWHSUR\HFWR
2EWHQFLyQ GH ORV PDWHULDOHV
LQVXPRV \ UHFXUVR KXPDQR
SDUDHOGHVDUUROORGHORVSUR
JUDPDVGHDWHQFLyQDDGXOWRV
PD\RUHV\HGXFDFLyQFRQWLQXD
,QWHJUDU JUXSRV GH DGXOWRV
MyYHQHV \ DGXOWRV PD\RUHV
SDUD HO GHVDUUROOR FXOWXUDO
HFRQyPLFR\VRFLDOGHOSDtV
9LVLWDV GH HYDOXDFLyQ SRU
SDUWH GHO SHUVRQDO GH OD 'L
UHFFLyQGH,QIUDHVWUXFWXUDGH
OD8QLYHUVLGDGGH3DQDPi
'HWDOOHV GH OD &RQVWUXFFLyQ
SUR\HFWRDSUREDGRDXODV
RÀFLQDDGPLQLVWUDWLYDEDxR
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH&RFOp
3UR\HFWR0HWD5HVXOWDGR
3UR\HFFLyQ8QLYHUVLWDULD
0HMRUDU OD SUR\HFFLyQ GH OD
8QLYHUVLGDG HQ OD 3URYLQFLD
GH&RFOp
0RGHUQL]DFLyQGHODXGLWRULR
,QVWDODFLyQGHFRUWLQDVYHQ
WDQDV GH PHWDO FRUUHGL]DV
SLQWXUDVHQWUHRWURV
6HDGTXLULHURQ~WLOHVGHRÀFL
QD \ DVHR &RPSUDV GH DLUH
DFRQGLFLRQDGR\YHQWDQDVGH
PHWDOSDUDHODXOD1RSRU
DXWRJHVWLyQ
$SUREDFLyQGHORVSODQRVSDUD
ODFRQVWUXFFLyQGHODFHUFDSH
ULPHWUDOGHQXHVWUDLQVWLWXFLyQ
/DFXDOFRQWULEXLUiDSUHVHUYDU
QXHVWUDVLQVWDODFLRQHV
&RPSUDGHSLH]DVSDUDHOYH
KtFXOR GH QXHVWUD LQVWLWXFLyQ
$XWRJHVWLyQ
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
3UR\HFWR´&HQWURGH,QIRUPD
FLyQ7XUtVWLFDHQOD3URYLQFLD
GH&RFOpµ
%ULQGDU LQIRUPDFLyQ WXUtVWL
FD D OD SREODFLyQ QDFLRQDO \
H[WUDQMHUDVREUHVLWLRVDWUDF
WLYRV \ iUHDV WXUtVWLFDV GH OD
3URYLQFLDGH&RFOp
6HDSUREySRUHO&RQVHMR$G
PLQLVWUDWLYR
$FWLYLGDGHV UHFUHDWLYDV FXO
WXUDOHV\GHH[WHQVLyQ
3DUWLFLSDUHQODVDFWLYLGDGHV
SDUDODSURPRFLyQ\GLIXVLyQ
GHODFXOWXUD
‡ 3UHVHQWDFLyQGHOLEURV
‡ &RQIHUHQFLDV
‡ &RQYHUVDWRULR
‡ $FWLYLGDGHVUHFUHDWLYDV
´-RUQDGD (GXFDWLYD \ 5H
FUHDWLYD SDUD HO $GXOWR 0D
\RUµDGXOWRVPD\RUHV
$FWRDODV0DGUHVGHOFRUUH
JLPLHQWRGH3HQRQRPp
&tUFXOR GH /HFWRUHV ´*LO %ODV
7HMHLUDµ'LH]DGXOWRVPD
\RUHVTXHVHUH~QHQFDGDPHV
´(QOD]DQGR9HUVRV(QOD]DQ
GR9RFHVµ$VLVWHQFLDGHFLQ
FXHQWDSHUVRQDV
3UHVHQWDFLyQGHO/LEUR´(O$OLHQ
WRGHODV5RFDVµGHOHVFULWRUSH
QRQRPHxR -DYLHU $URVHPHQD
$VLVWLHURQFLHQSHUVRQDV
3URJUDPDV GH (GXFDFLyQ
&RQWLQXD
2IUHFHU FDSDFLWDFLyQ DO UH
FXUVRKXPDQRHQODVGLIHUHQ
WHViUHDVGHOFRQRFLPLHQWR
7DOOHUHVGH9HUDQRUH
IRU]DPLHQWRHQ0DWHPiWLFDV
,QJOpV %iVLFR 'LEXMR \ 3LQ
WXUD :RUG H ,QWHUQHW
)ODKV,QWHUQHW\3KRWRVKRS
SDUWLFLSDQWHV
6HPLQDULRV7DOOHU´,QWURGXF
FLyQDOD,QIRUPiWLFD\:RUG
µ ´([FHO 3RZHU 3RLQW
3XEOLVKHUµ ´$QiOLVLV GH 6H
ULHV GH 7LHPSR FRPR +H
UUDPLHQWD )LQDQFLHUD HQ ODV
(FRQRPtDV\(PSUHVDVµ
-RUQDGD´(O9DORUGHODeWLFD
3URIHVLRQDOµ
6HPLQDULR 7DOOHU ´8VLQJ (Q
JOLVK (YHU\GD\ IRU (IIHFWL
YH 2UDO &RPPXQLFDWLRQ LQ
(YHU\GD\(QJOLVK
5(1',&,Ð1'(&8(17$6
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH'DULpQ
3UR\HFWR0HWD5HVXOWDGR
3URJUDPD SDUD HO IRUWDOHFL
PLHQWRGHODFXOWXUDGDULHQLWD
/RJUDU TXH ORV MyYHQHV GD
ULHQLWDV WRPHQ FRQFLHQFLD
VREUH VX FXOWXUD \ OD LPSRU
WDQFLDGHODPLVPDHQHOGH
VDUUROORKXPDQR
7UHV MRUQDGDV FRQ MyYHQHV
GHGLIHUHQWHVJUXSRVpWQLFRV
&HOHEUDFLyQ GH OD 6HPDQD
$IURGDULHQLWD
5HVFDWDUFRVWXPEUHV\WUDGL
FLRQHVDQFHVWUDOHV
3DUWLFLSy OD FRPXQLGDG HQ
JHQHUDO VDOXG HGXFDFLyQ \
OD,JOHVLD&DWyOLFD
'HVDUUROORGHFXUVRV\VHPL
QDULRV
2IUHFHUDORVSDUWLFLSDQWHVFR
QRFLPLHQWRV GH OD GLYHUVLGDG
pWQLFDSUHVHQWHHQ'DULpQ
6HFDSDFLWDURQJUXSRVGHMy
YHQHVRUJDQL]DGRV\DOJUXSR
GHPXMHUHVHPSUHQGHGRUDV
2ULHQWDU D ORV MyYHQHV VREUH
HO SUREOHPD GH OD GHOLQFXHQ
FLD\ODVHJXULGDGDOLPHQWDULD
MyYHQHVGHGLIHUHQWHVFR
PXQLGDGHV
7DOOHU9DORUHV&XOWXUDOHV
7UDEDMDUFRQDGXOWRVHOWHPD
GH ORV YDORUHV \ SRVWHULRU
PHQWH UHDOL]DU XQD QRFKH
FXOWXUDO
&HOHEUDFLyQGHOHYHQWRFXOWX
UDO HQ <DYL]D \ FUHDFLyQ GHO
&RQMXQWR)RONOyULFRGHOD7HU
FHUD(GDG
(QFXHQWUR ,QWHUFXOWXUDO FRQ
QLxRV
5HXQLUDQLxRVGHGLIHUHQWHV
JUXSRVpWQLFRVSDUDFRPSDU
WLU MXHJRV WUDEDMRV \ WDOOHUHV
GHSLQWXUD
6H DWHQGLHURQ QLxRV HQ
FRQMXQWR FRQ OD ,JOHVLD &D
WyOLFD\HO*UXSRGH0XMHUHV
(PSUHQGHGRUDV
3UR\HFWR $SUHQGLHQGR D 7D
OODU
&DSDFLWDU D ORV PRUDGRUHV
GHODVGLVWLQWDVFRPXQLGDGHV
DWDOODUHQGLIHUHQWHVWLSRVGH
PDGHUD\HQWDJXD
'HVDUUROOR SURIHVLRQDO GH
KRPEUHV\PXMHUHVTXHWHQJDQ
XQDQXHYDKDELOLGDGPDQXDO
([FXUVLyQ D VLWLRV GH LQWHUpV
WXUtVWLFRHKLVWyULFR
0RVWUDU D ORV QLxRV GH ODV
(VFXHODV$QD\DQVL\1LFDQRU
GHODSURYLQFLDGH'DULpQOX
JDUHVGHLQWHUpVIXHUDGHVX
HQWRUQR
9LVLWDURQODVHVFOXVDVGH0L
8QLYHUVLGDG GH 3DQDPi \
&HQWURGH([KLELFLyQ0DULQD
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
$FWLYLGDGFRQOD$VRFLDFLyQ0H
MLFDQDÉJXLOD5HDO$0$5
(QWUHJDGH~WLOHVHVFRODUHVD
QLxRV GH HVFDVRV UHFXUVRV
GH ODV FRPXQLGDGHV GH =D
SDOODO\$UULPDHHQODSURYLQ
FLDGH'DULpQ
(QFRQMXQWRFRQOD(PEDMDGD
GH0p[LFR\OD$VRFLDFLyQGH
0XMHUHV GH 0p[LFR %HQHÀ
FLDGRVQLxRV
3UHVHQWDFLyQ GHO JUXSR IRO
FOyULFR'DULpQHQOD)HULDGH
6DQ 6HEDVWLiQ GH 2F~ \ HQ
HO)HVWLYDOGH/D&RORUDGDHQ
9HUDJXDV
'HPRVWUDU HO IROFORU UHJLRQDO
\GDQ]DVLQGtJHQDVGHODUH
JLyQ GH 'DULpQ HQ HVWD LP
SRUWDQWHIHULD
3UHVHQWDFLyQ GHO IRONORU GD
ULHQLWD
&LHUUH GH OD 7HPSRUDGD GH
9HUDQR ²9,(; /HPD ´/D
7LHUUD HV HO +RJDU GH7RGRV
&XLGpPRVODµ
3URPRYHU ODV GLIHUHQWHV DF
WLYLGDGHV FXOWXUDOHV TXH VH
UHDOL]DQ HQ FRQMXQWR FRQ OD
9LFHUUHFWRUtDGH([WHQVLyQ
$FWLYLGDG JUDWXLWD UHDOL]DGD
HQ OD FRPXQLGDG GH 6DQWD
)p'DULpQSDUWLFLSDURQDXWR
ULGDGHVSURYLQFLDOHVXQLYHU
VLWDULDV S~EOLFR HQ JHQHUDO
3UHVHQWDFLyQ GH ORV JUXSRV
IROFOyULFRV 'DULpQ 'DQ]DV
(PEHUiGH$ULPDp\ORV-X
JODUHV
3UHVHQWDFLyQ IROFOyULFD HQ OD
)HULDGH6DQWD)p
3UHVHQWDU HO IRONORU GDULHQLWD
\ ODV DFWLYLGDGHV GH OD 8QL
YHUVLGDGGH3DQDPiHQHVWD
LPSRUWDQWHIHULD
3UHVHQWDFLyQ GH XQ VWDQV DO
FXDO FRQFXUULHURQ XQDV SHUVRQDV
3UHVHQWDFLyQ GH FXEtFXOR HQ
OD)HULDGH<DYL]D
3URPRYHU ODV GLIHUHQWHV FD
UUHUDV TXH RIUHFH OD ([WHQ
VLyQ8QLYHUVLWDULDGH'DULpQ
&DSWDFLyQ GH HVWXGLDQWHV
SDUD OD 6HGH D 'LVWDQFLD HQ
<DYL]D\SUHVHQWDFLyQHOJUX
SR GH %XQGH \ %XOOHUHQJXH
GH=DSDOODO
6HPDQDGHO0Dt]\GHO&DP
SHVLQRHQ3LQRJDQD
&RODERUDU FRQ ODV HVFXHODV
D QLYHO SULPDULR SDUD OD FRQ
VHUYDFLyQ GH ODV WUDGLFLRQHV
FDPSHVLQDV
3UHVHQWDFLyQ GH UDQFKRV
DFWLYLGDGHV FXOWXUDOHV IROFOy
ULFDV $GHPiV GHO GHVÀOH \
ODSUHPLDFLyQDODVSUHVHQWD
FLRQHV
5(1',&,Ð1'(&8(17$6
8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH9HUDJXDV
3UR\HFWR0HWD5HVXOWDGR
6HPLQDULRV\GLSORPDGRV
'HVDUUROODU HQIRTXHV HGX
FDWLYRV TXH UHVSRQGDQ D
‡
‡
OD SREODFLyQ TXH UHTXLHUH
DGLHVWUDPLHQWRODERUDO
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
‡
'LSORPDGR HQ &RVPHWR
ORJtD
SDUWLFLSDQWHV7RWDO GH
KRUDV
6HPLQDULRGHLQIRUPiWLFD
EiVLFD
HVWXGLDQWHV KR
UDV
6HPLQDULR GH ,QWHOLJHQ
FLD (PRFLRQDO $SOLFDGD
DO$XODGH&ODVH
HVWXGLDQWHVKRUDV
6HPLQDULRGH3HDFKWUHH
HVWXGLDQWHV 'XUDFLyQ
KRUDV
6HPLQDULRGHLQIRUPiWLFD
,QWHUPHGLD
HVWXGLDQWHVKRUDV
'LSORPDGR HQ 6DOXG
6H[XDO\5HSURGXFWLYD
HVWXGLDQWHV 'XUDFLyQ
KRUDV
'LSORPDGR HQ $FWXDOL
]DFLyQ HQ ODERUDWRULRV
&OtQLFR FRQ eQIDVLV HQ
+HPDWRORJtD 4XtPLFD
,QPXQRORJtD\%DQFRGH
6DQJUH
HVWXGLDQWHV KR
UDV
'LSORPDGR HQ 7HFQROR
JtD(GXFDWLYD
3DUWLFLSDQWHV7RWDOGH
KRUDV
&XUVR GH 'HWHFFLyQ
7HPSUDQD GH7UDVWRUQRV
1HXUROyJLFRV HQ HO 1LxR
DGHD$xRV
'XUDFLyQKRUDV
81,9(56,'$''(3$1$0É
3UR\HFWR0HWD5HVXOWDGR
&UHDFLyQ GH RÀFLQD SDUD WUD
WDUDIDPLOLDUHV\SDFLHQWHV
GH$O]KHLPHU
(VWDEOHFHU XQD JXtD SDUD
TXLHQHVFXLGDQSHUVRQDVFRQ
$O]KHLPHU
'HVDUUROODU DFWLYLGDGHV GLUL
JLGDVDPHMRUDUODFDOLGDGGH
YLGDGHORVSDFLHQWHV\IDPL
OLDUHVFRQHVWDHQIHUPHGDG
6HPLQDULRV SDUD HQWUHQDU
DO SHUVRQDO DGPLQLVWUDWLYR \
SURIHVLRQDO TXH SDUWLFLSDUi
HQHVWDDFWLYLGDG
&RQWDPRV FRQ D\XGD YR
OXQWDULD GH XQ PpGLFR GRV
SVLFyORJRV XQ VDFHUGRWH \
GRV HGXFDGRUHV ItVLFRV SDUD
DWHQGHUDOS~EOLFR
5HXQLRQHVFRQHVSHFLDOLVWDV
0,16$ \ GH OD &DMD GHO 6H
JXUR6RFLDO
&UHDFLyQGH&tUFXORVGH/HF
WXUD
)RPHQWDUODOHFWXUDYROXQWDULD
LQGHSHQGLHQWH\SODFHQWHUD
6HRUJDQL]yHOJUXSRGHOHF
WXUD FRQ MRUQDGDV GH WUD
EDMR \ SDUWLFLSDQWHV 6H
HVWDEOHFLy OD QHFHVLGDG GH
DPSOLDUODELEOLRJUDItD
&HOHEUDFLyQGHOGHRFWXEUH
HO'tDGHO$GXOWR0D\RU
'HVWDFDU OD LPSRUWDQFLD GHO
DGXOWRPD\RUHQODVRFLHGDG
SDQDPHxD
GHPRVWUDQGR
TXH FXDOTXLHU HGDG HV SUR
SLFLD SDUD FUHFHU HQ FRQRFL
PLHQWRV
6H UHDOL]y XQD FDPSDxD
GH RIWDOPRORJtD GRQGH XQ
JUXSR GH PpGLFRV FXEDQRV
H[DPLQy D OD SREODFLyQ TXH
DVLVWLy6HFDSWDQSDFLHQ
WHVGHORVFXDOHVVRQSDUD
FLUXJtD
'HVFXEULU VXV SRWHQFLDOLGD
GHVYDORUHV\DFWLWXGHV
&RQWULEXLU D PHMRUDU OD FDOL
GDGGHYLGDGHODGXOWRPD\RU
SDFLHQWHVIXHURQRSHUDGRV
6H UHDOL]DURQ H[SRVLFLRQHV
GHPDQXDOLGDGHV\PXHVWUDV
GHSLQWXUDV
6H RIUHFLy XQ &LFOR GH &RQ
IHUHQFLDV
(O)XQFLRQDPLHQWR&RJQLWLYR
HQHO$GXOWRPD\RU
&RQVHUYDFLyQ GH 0HGLFD
PHQWRV
3UHYHQFLyQGH$FFLGHQWHV
1XWULFLyQ$IHFWLYD
&XLGDGRVDORV3DFLHQWHVHQ
FDPDGRV
5(1',&,Ð1'(&8(17$6
3UR\HFWR0HWD5HVXOWDGR
3URPRYHU HQ OD SURYLQFLD GH
9HUDJXDVODFUHDFLyQGH&R
PLWpVGH$GXOWRV0D\RUHV
,QVWDODFLyQ /D 8QLYHUVLGDG
GHO7UDEDMR\OD7HUFHUD(GDG
VHGH GH 9HUDJXDV FRPR
PLHPEUR GH OD &RPLVLyQ GH
(GXFDFLyQ5HFUHDFLyQ&XO
WXUD \ 'HSRUWH GH &21$0
UHJLyQGH9HUDJXDV
2IUHFHUDQXHVWURVHVWXGLDQ
WHV\YLVLWDQWHVPHMRUHVFRQ
GLFLRQHV DPELHQWDOHV \ GH
VHUYLFLR
2EWHQFLyQ GH VLOODV PHVDV
DX[LOLDUHV DUFKLYDGRUHV \
FRPSXWDGRUDV SDUD XVR GH
GLD
&UHDFLyQGHODERUDWRULRGHLQ
IRUPiWLFD
3UHSDUDU D QXHVWURV HVWX
GLDQWHVHQODXWLOL]DFLyQGH
KHUUDPLHQWDVWHFQROyJLFRV
'RQDFLyQGHFRPSXWDGR
UDV FRPSOHWDV SRU HO VHxRU
5HFWRU
,QVWDODFLyQ GHO VLVWHPD SDUD
OD FDSWDFLyQ H LPSUHVLyQ GH
$FWDVGH7RPDGH3RVHVLyQ
3URSRQHU OD GHVFHQWUDOL]D
FLyQDGPLQLVWUDWLYD
(O 6LVWHPD GH FDSWDFLyQ H
LPSUHVLyQ GH DFWDV GH WRPD
GHSRVHVLyQIXHDSUREDGR
&RQVROLGDFLyQ \ )RUWDOHFL
PLHQWR&RQVHMR1DFLRQDOGH
$GXOWRV0D\RUHV&21$0
$FWLYLGDGHVGHDUWHVPDQXDOHVRUJDQL]DGDVSRUOD8QLYHUVLGDGGHO7UDEDMR\OD7HUFHUD(GDGGH9HUDJXDV
Descargar