jóvenes por el cambio, manual de educación para ... - unesdoc - Unesco

Tan sólo en África, las cifras están aumentando a razón de un millón por axo y ..... La demanda de mascotas, alimentos, medicinas exóticas (como el hueso de tigre y cuerno ..... a favorecer el uso de la violencia para resolver los conflictos.
1MB Größe 11 Downloads 98 vistas
Z

Z

Z



\

R

X

W

K

[

F

K

D

Q

J

H



Q

H

W

\RXWK; FKDQJH  -yYHQHVSRUHO&DPELR

/$*8Ë$ 0DQXDOGHHGXFDFLyQSDUDXQFRQVXPRVRVWHQLEOH

2UJDQL]DFLyQGH 1DFLRQHV8QLGDV SDUDOD (GXFDFLyQ &LHQFLD\&XOWXUD

3URJUDPDGH 1DFLRQHV8QLGDV SDUDHO0HGLR $PELHQWH

\

5 H F R Q R F L P L H Q W R V



R

X

W

K

;

F

K

D

Q

J

H

/D2UJDQL]DFLyQGHODV1DFLRQHV8QLGDVSDUDOD(GXFDFLyQOD&LHQFLD\OD&XOWXUD 81(6&2  \HO3URJUDPDGHODV1DFLRQHV8QLGDVSDUDHO0HGLR$PELHQWH 3180$ UHFRQRFHQFRQ JUDWLWXGHOWLHPSR\HVIXHU]RLQYHUWLGRVSRUODVSHUVRQDVLQYROXFUDGDVHQODSURGXFFLyQ\ FRPHQWDULRVGHHVWD*XtD´-Ï9(1(6325(/&$0%,2´

(VWDSXEOLFDFLyQIXHSUHSDUDGDSRU0e7$ $VRFLDFLyQGHORV0HGLRV(FRORJtD\7HFQRORJtD  OD'LYLVLyQGH7HFQRORJtD,QGXVWULD\(FRQRPtD '7,( GHO3180$\OD'LYLVLyQSDUDOD (QVHxDQ]D6HFXQGDULD7pFQLFD\3URIHVLRQDO ('67967( GHOD81(6&2HQFRODERUDFLyQ FRQ&RQVXPHUV,QWHUQDWLRQDO

(OHTXLSRGH0e7$HVWXYRIRUPDGRSRU3DWUL]LD/XJR/RSULHQR\0DGKDYL%KDWW3HWHU :LOOLDPV(OWUDEDMRHVWXYRFRRUGLQDGRSRU,VDEHOOD0DUUDVH[SHUWDDVRFLDGDDO3180$'7,( \-XOLD+HLVV(VSHFLDOLVWDGHO3URJUDPDGH81(6&2('67967(&KULVWLQH.QLJKWV\$OLQD 7XJHQGGH&RQVXPHUV,QWHUQDWLRQDOSURSRUFLRQDURQDVHVRUtD\DVLVWHQFLDHQODHGLFLyQ8Q DJUDGHFLPLHQWRHVSHFLDOD%DVGH/HHXZ-HIHGHOD8QLGDGGH(VWUDWHJLDV\6HUYLFLRVGH 3URGXFFLyQ\&RQVXPRGHO3180$'7,(SRUVXDSR\RDOSUR\HFWR

$JUDGHFHPRVHOHQWXVLDVPR\WUDEDMRGHOHTXLSRGH0p[LFRGH-yYHQHVSRUHO&DPELR IRUPDGRSRUODVVLJXLHQWHVSHUVRQDVHLQVWLWXFLRQHV7LDKRJD5XJH/LJLD+HUQiQGH]\0DUWKD 0HULQRGHO&HQWURGH(GXFDFLyQ\&DSDFLWDFLyQSDUDHO'HVDUUROOR6RVWHQLEOH &(&$'(68  SRU'DYLG2YLHGR*RQ]iOH]GHO,QVWLWXWR0H[LFDQRGHOD-XYHQWXGSRU&DUORV5DIDHO9DOHQFLD 3DUUDGHOD3URFXUDGXUtD)HGHUDOGHO&RQVXPLGRU 352)(&2 SRU'LHJR0DVHUD 81(3 52/$& \$GULDQD=DFDULDV)DUDK 81(3'7,( 

/DWUDGXFFLyQDOHVSDxROIXHUHDOL]DGDSRU&(&$'(68\6(50$51$7HQ0p[LFR/D)XQGDFLyQ (FRORJtD\'HVDUUROOR (&2'(6 GH=DUDJR]DKDUHDOL]DGRODUHYLVLyQHGLFLyQ\DGDSWDFLyQ GHORVFDVRVDOS~EOLFRHVSDxROHLEHURDPHULFDQR/D(VFXHODGH&RQVXPLGRUHVGH&DQWDEULD DVXPLyODWDUHDGHPDTXHWDU\SURGXFLUODHGLFLyQLPSUHVDGHHVWD*XtD

)LQDOPHQWHDJUDGHFHPRVODD\XGDGDGDSRUOD'LUHFFLyQ*HQHUDOGH&RQVXPRGHO*RELHUQR GH$UDJyQTXHDSR\yJHQHURVDPHQWH\GHVGHHOSULQFLSLRODHGLFLyQHVSDxRODGHOD*XtD\ VXGLVWULEXFLyQHQHOiPELWRKLVSDQRKDEODQWH$JUDGHFLPLHQWRVTXHGHEHQKDFHUVHWDPELpQ H[WHQVLYRVDOD&RPXQLGDG)RUDOGH1DYDUUDDO*RELHUQRGH&DQWDEULDDO$\XQWDPLHQWRGH %DUFHORQDTXHDWUDYpVGHO&HQWURGH5HFXUVRV$PELHQWDOHVGH1DYDUUD &5$1 OD(VFXHOD (XURSHDGH&RQVXPLGRUHV ((& \OD&RPLVLyQGH6RVWHQLELOLGDGKDQDSRUWDGRUHFXUVRVSDUD KDFHUUHDOLGDGHOSUR\HFWR(O&RQVHMRGHOD-XYHQWXGKDVLGRWDPELpQXQDOLDGRHVWUDWpJLFR SDUDODGLIXVLyQGHHVWHSUR\HFWRHQWUHORVMyYHQHV$ORVUHVSRQVDEOHVSROtWLFRVTXHFUH\HURQ HQHOSUR\HFWR\GHFLGLHURQGDUVXDSR\R\DORVWpFQLFRVTXHORJHVWLRQDURQPXFKDVJUDFLDV

\

R

X

W

K

;

F

K

D

Q

J

H

(OSODQHWD7LHUUDVHHQIUHQWDDXQDVHYHUDFULVLVJOREDO(OGHVDUUROORHFRQyPLFR \VRFLDOHVWiQLPSRQLHQGRXQDFDUJDLQVRSRUWDEOHDQXHVWURPHGLRDPELHQWH /RVSDWURQHVLQH¿FLHQWHVGHSURGXFFLyQ\FRQVXPRDXQDGRVDXQDGLVWULEXFLyQ GHVLJXDOKDQDPSOLDGRODEUHFKDH[LVWHQWHHQWUH1RUWH\6XU 6HHVWLPDTXHVLHOUHVWRGHOPXQGRFRQVXPLHUDFRPRHOPXQGRGHVDUUROODGR QHFHVLWDUtDPRVHOHTXLYDOHQWHDFXDWURSODQHWDV7LHUUDDGLFLRQDOHV +R\HQGtDORVMyYHQHVFRQVWLWX\HQXQJUXSRLPSRUWDQWHGHQWURGHODVVRFLHGDGHV GHFRQVXPR\ORVKiELWRVTXHGHVDUUROOHQDKRUDMXJDUiQXQSDSHOGHFLVLYRHQORV IXWXURVSDWURQHVGHFRQVXPR6XVGHFLVLRQHVFRPRFRQVXPLGRUHVHMHUFHQXQD LQÀXHQFLDFUHFLHQWHHQORVPHUFDGRV\HVWLORVGHYLGD3RUORWDQWRORVMyYHQHV PHUHFHQHVSHFLDODWHQFLyQHQORVHVIXHU]RVSRUFDPELDUQXHVWURVLQH¿FLHQWHV SDWURQHVGHFRQVXPRSRURWURVPiVDWRQRFRQHOGHVDUUROORVRVWHQLEOH







3 U H I D F L R

(O352*5$0$'(/$61$&,21(681,'$63$5$(/0(',2$0%,(17( 3180$  FRPRFRQFLHQFLDDPELHQWDOGHOD218LQVLVWHHQODLPSRUWDQFLD\QHFHVLGDG XUJHQWHGHFDPELDUORVSDWURQHV\DFWLWXGHVGHFRQVXPR\SURGXFFLyQHQHO iPELWRJOREDO 3RUVXSDUWHOD25*$1,=$&,Ï1'(/$61$&,21(681,'$63$5$/$('8&$&,Ï1 /$&,(1&,$*HUKDUG%HU] FLHQWtÀFR@ 

/RVJDVHVGHHIHFWRLQYHUQDGHUR VHGHQRPLQDQDVtGHELGRD TXHIRUPDQXQDFDSDDLVODQWH DOUHGHGRUGHOD7LHUUDFRPRHO YLGULRHQXQLQYHUQDGHURTXH DWUDSDHOFDORUGHORVUD\RV VRODUHV,QYHVWLJDPiVHQHO 3DQHO,QWHUJXEHUQDPHQWDOVREUH HO&DPELR&OLPiWLFR ,3&&  2UJDQL]DFLyQ0HWHRUROyJLFD 0XQGLDO\81(3ZZZLSFFFK KWWSXQIFFFLQWHVLQGH[KWPO ZZZJULGDQRFOLPDWHZZZ JOREDOFKDQJHRUJZZZFRRO FRPSDQLHVRUJ (QHVSDxROSXHGHVFRQVXOWDU ZZZHFRWURSLDFRPWHPDVKWP ZZZJUHHQSHDFHRUJHVSDQDBHV FDPSDLJQVLQWUR"FDPSDLJQB LG HQODSiJLQDHQ HVSDxROGHOD6HFUHWDUtDSDUD HO&DPELR&OLPiWLFRSXHGHV FRQVXOWDUXQGRFXPHQWRTXH UHVXPHGHPDQHUDVHQFLOOD \FRPSOHWDORVDVSHFWRVPiV LPSRUWDQWHVGHOFDPELRFOLPiWLFR \GHO3URWRFRORGH.\RWRKWWS XQIFFFLQWUHVRXUFHEHJLQQHUBB VSSGI



,QIRUPDFLyQPiVDPSOLDVREUH HO3URWRFRORGH.\RWRHQZZZ XQIFFFLQWUHVRXUFHLXFNLWIDFW

(OGDxRDODDWPyVIHUDGHOD7LHUUD\DOFOLPDQRVSDUHFHXQSUREOHPDWDQHQRUPH TXHQXHVWUDUHDFFLyQLQLFLDOHVSUHJXQWDU¢TXpSXHGHKDFHUXQDSHUVRQD"3HURD SHVDUGHWRGRVHQHFHVLWDXQFDPELRFRQXUJHQFLD(OFDOHQWDPLHQWRJOREDO\OD UHGXFFLyQGHODFDSDGHR]RQRVRQGRVSUREOHPDVGLIHUHQWHV(VWiQYLQFXODGRV HQWUHVtSRUTXHORVGRVVHUHODFLRQDQFRQODFDOLGDGGHQXHVWUDDWPyVIHUD\WLHQHQ XQLPSDFWRGLUHFWRHQQXHVWUDVDOXG\HQODVDOXGGHWRGRHOSODQHWD6LQRVHKDFH QDGDODVFRQVHFXHQFLDVSDUDOD7LHUUDVHUiQGHVDVWURVDV &DOHQWDPLHQWRJOREDO'XUDQWHORV~OWLPRVDxRVODVWHPSHUDWXUDVJOREDOHV SURPHGLRKDQDXPHQWDGRDOUHGHGRUGHPHGLRJUDGRFHQWtJUDGR/RVFLHQWt¿FRV VRVWLHQHQTXHHOSODQHWDVHHVWiFDOHQWDQGRGHELGRDTXHORVVHUHVKXPDQRVFRQ VXVPLOORQHVGHIiEULFDV\DXWRPyYLOHVHVWiQDUURMDQGRDODDWPyVIHUD³JDVHVGH HIHFWRLQYHUQDGHUR´±GLy[LGRGHFDUERQRPHWDQRy[LGRQLWURVR\JDVHVÀXRUDGRV± FRPRQXQFDDQWHVVHKDEtDKHFKR /$&20,6,Ï1,17(5*8%(51$0(17$/62%5((/&$0%,2&/,0È7,&2 ,3&&SRU VXVVLJODVHQLQJOpV KDHVWLPDGRTXHODVWHPSHUDWXUDVJOREDOHVSURPHGLRGHOD VXSHU¿FLHGHOD7LHUUDVHLQFUHPHQWDUiQKDVWDƒ&KDFLD¿QDOHVGHHVWHVLJOR VLQRVHSRQHHQPDUFKDDOJXQDDFFLyQ(VWHDXPHQWRGHWHPSHUDWXUDSRGUtD DFDUUHDUVHULDVFRQVHFXHQFLDVSDUDODKXPDQLGDG\RWUDVIRUPDVGHYLGD3RU HMHPSORXQDHOHYDFLyQHQHOQLYHOGHORVPDUHVGHDSUR[LPDGDPHQWHFPTXH LQXQGDUtD]RQDVFRVWHUDV\SHTXHxDVLVODVRXQDPD\RUIUHFXHQFLD\VHYHULGDGGH IHQyPHQRVPHWHRUROyJLFRVH[WUHPRV(O3URWRFRORGH.\RWRHVXQFRPSURPLVRTXH DGTXLULHURQORVSDtVHVLQGXVWULDOL]DGRV FRQH[FHSFLyQGHORV(VWDGRV8QLGRVGH $PpULFD SDUDUHGXFLUHQHODxRODVHPLVLRQHVGH&2HQXQ UHVSHFWRGHO QLYHOGHODVTXHKDEtDHQ 

\

R

X

W

K

;

F

K

D

Q

J

H

6LQHPEDUJRHVWDUHGXFFLyQHVVyORHOSULPHUSDVR3RGUtDPRVUHYHUWLUHOGDxR RFDVLRQDGRSRUHOFDPELRFOLPiWLFRVLHPSUH\FXDQGRKDJDPRVHOHVIXHU]R QHFHVDULRSDUDPRGL¿FDUODIRUPDDFWXDOGHFRQVXPLU\SURGXFLU/RVH[SHUWRV RSLQDQTXHVHUiQHFHVDULDXQDGLVPLQXFLyQJOREDOGHHQODVHPLVLRQHVGH&2 DQWHVGHOSDUDSRGHUHYLWDUXQFDPELRFDWDVWUy¿FRHQHOFOLPD (ODJXMHURHQODFDSDGHR]RQR(OR]RQRHVXQJDVYHQHQRVRDQLYHOGHOVXHOR 3HURDXQDDOWXUDGHNLOyPHWURVXQD¿QDFDSDGHR]RQRURGHDHOSODQHWD\QRV SURWHJHGHORVUD\RVVRODUHV(VWDFDSDHVFUXFLDOSDUDODYLGDHQOD7LHUUD$EVRUEH FDVLWRGDODOX]XOWUDYLROHWD 89 SURYHQLHQWHGHO6ROTXHRFDVLRQDFiQFHUHVHQ ODSLHO\HQIHUPHGDGHVGHORVRMRV\SURYRFDGDxRVDSODQWDV\DQLPDOHV/RV JDVHVTXHGHVWUX\HQODFDSDGHR]RQRSHUPDQHFHQDFWLYRV\KDFLHQGRGDxRHQOD HVWUDWRVIHUDKDVWDDxRV (QORVFLHQWt¿FRVHQFRQWUDURQXQDJXMHURHQODFDSDGHR]RQR(VWHDJXMHUR VHHQFXHQWUDVREUHOD$QWiUWLGD\FUHFHFRQWLQXDPHQWH+DVWDDKRUDXQGH ODFDSDGHR]RQRSURWHFWRUDVHKDGHVWUXLGR/RVFORURÀXRURFDUERQRV&)&VRQ UHVSRQVDEOHVHQJUDQPHGLGDGHODGHVWUXFFLyQGHSDUWHGHODFDSDGHR]RQRTXH ³\DQRHVWi´ /RVSDtVHVLQGXVWULDOL]DGRVKDQWRPDGRHODFXHUGRGHSRQHUIUHQRDOXVRGH VXVWDQFLDVTXtPLFDVTXHGHVWUX\HQODFDSDGHR]RQR\DVHDDWUDYpVGHVX SURKLELFLyQRVXHOLPLQDFLyQJUDGXDO(QORVSDtVHVHQGHVDUUROORVLQHPEDUJRVH SHUPLWLUiVXXVRKDVWDHODxR )UHQDQGRHOFDPELRFOLPiWLFR(OFDOHQWDPLHQWRJOREDOQRVHYDD GHWHQHUSRUVtVROR+DFHUFDGDYH]XQPHMRUXVRGHORVUHFXUVRVHQ ORVSURFHVRVGHSURGXFFLyQ\IDEULFDUSURGXFWRVPiVH¿FLHQWHVTXH GHPDQGHQXQDPHQRUFDQWLGDGGHHQHUJtDWLHQHTXHFRQYHUWLUVHHQ SDUWHGHODSUiFWLFDLQGXVWULDOKDELWXDO/DVHPSUHVDVMXHJDQXQSDSHO IXQGDPHQWDODODKRUDGHFRPHUFLDOL]DU\SURPRYHUWHFQRORJtDVTXH UHGX]FDQODVHPLVLRQHVGH&2 $OJXQRVHMHPSORVGHORTXHSXHGHQKDFHUODVHPSUHVDVHQHVWHFDPSR

 'HDFXHUGRFRQHO,3&& KDFHUHVWDFODVHGHUHGXFFLyQ LQPHGLDWDHQODVHPLVLRQHVGH &2HVLPSRVLEOHSHURLQGLFDHO WLSRGHPHGLGDVGUiVWLFDVTXH VHUHTXLHUHQSDUDSRQHUIUHQRDO FDOHQWDPLHQWRJOREDO

 (VWDVVXVWDQFLDVVH XWLOL]DURQSULPHURFRPROtTXLGR UHIULJHUDQWHHQORVIULJRUt¿FRV \PiVWDUGHHQORVDSDUDWRV GHDLUHDFRQGLFLRQDGR2WUR XVRLPSRUWDQWHGHORV&)&HV HQORVDHURVROHVFRPRDJHQWH SXOYHUL]DGRU0D\RULQIRUPDFLyQ HQ81(3',7((QHUJ\DQG 2]RQDFWLRQ8QLW (PDLOR]RQDFWLRQ#XQHSIU ZZZXQHSWLHRUJR]RQDFWLRQ

/DHPSUHVDD]XFDUHUDFRORPELDQD,1&$8&$6$ EXVFDDXPHQWDUVXFDSDFLGDGGHJHQHUDFLyQGHHQHUJtDHOpFWULFD\VXVWLWXLUSDUFLDOPHQWHHOFDUEyQ XWLOL]DGRHQVXVFDOGHUDVSRUUHVLGXRVGHODFRVHFKDGHFDxDGHD]~FDU&RQMXQWDPHQWHODVGRV DFWLYLGDGHVSHUPLWLUiQUHGXFLUDQXDOPHQWHWRQHODGDVGHHPLVLRQHVGH&20iVLQIRUPDFLyQHQ KWWSZZZFHFRGHVRUJFRFDPELRBFOLPDWLFROHJLVODFLRQ%ROHWLQ2&0&&1RPD\RSGI &HPHQWRVGH(O6DOYDGRUKRUQRVERVTXHV\FDPELRFOLPiWLFR 0RGL¿FDQGRVXWHFQRORJtDGHSURGXFFLyQLQVWDODGDHQ&(66$KDGLVPLQXLGRHOFRQVXPRGH HOHFWULFLGDGKDUHGXFLGRODVHPLVLRQHVGH&2\GHSDUWtFXODVGHy[LGRQLWURVR&RPRXQDSURORQJDFLyQ GHODPLVPDLGHD&(66$WDPELpQHVWiUHIRUHVWDQGRXQSURPHGLRGHFXDWURKHFWiUHDVSRUDxR&DGD KHFWiUHDGHERVTXHDEVRUEHFXDWURWRQHODGDVGHHPLVLRQHVGH&2 &HUR&2LQLFLDWLYDSRUHOFXLGDGRGHOFOLPDHVXQSUR\HFWRTXHSUHWHQGHSURPRYHUODDFFLyQIUHQWH DOFDPELRFOLPiWLFRGHVGHODVHPSUHVDVDGPLQLVWUDFLRQHVRUJDQL]DFLRQHVQROXFUDWLYDV\FLXGDGDQRV HQ(VSDxD\$PpULFD/DWLQD6XHVWUDWHJLDHQJOREDWUHVDFFLRQHVFRQFUHWDVODFRQWDELOL]DFLyQGH ODVHPLVLRQHVGHJDVHVGHHIHFWRLQYHUQDGHURDODDWPyVIHUDODUHGXFFLyQGHHPLVLRQHVDWUDYpVGH PHMRUDVHQODH¿FLHQFLDHQHUJpWLFD\XWLOL]DFLyQGHHQHUJtDVUHQRYDEOHV\ODFRPSHQVDFLyQGHODV HPLVLRQHVUHVWDQWHVDWUDYpVGHRWURVSUR\HFWRVGHUHGXFFLyQ\DEVRUFLyQGHHPLVLRQHVHQ$PpULFD /DWLQD6LTXLHUHVVDEHUFXiQWRFRQWULEX\HVDOFDPELRFOLPiWLFR\FyPRSXHGHVDFWXDUYLVLWDZZZ FHURFRRUJ



\

6LGHVHDVVDEHUPiVVREUHHVWRV FRPSOHMRVWHPDVHPSLH]DSRU QDYHJDUHQ ZZZVDIHFOLPDWHQHWZZZ FOLPDWHYRLFHRUJZZZLLVGRUJ \RXWKLQWHUQHWFDIH (QHVSDxROSXHGHVFRQVXOWDU ZZZPPDHVRHFFFFHVSDQD KWPKWWSXQIFFFLQWHVLQGH[ KWPOZZZJUHHQIDFWVRUJHV LQGH[KWP

3RUHMHPSORODPXOWLQDFLRQDOGHO FDO]DGRGHSRUWLYR1,.(HVXQDGH FXDWURFRPSDxtDVTXHVHKDQXQLGR DO::)¶6&/,0$7(6$9(56352 *5$0XQDLQLFLDWLYDYROXQWDULDSDUD UHGXFLUODVHPLVLRQHVGHJDVHVGH HIHFWRLQYHUQDGHURZZZQLNHEL] FRPZZZSDQGDRUJFOLPDWH VDYHUV



(O&RQVHMR0XQGLDOGH (PSUHVDVSDUDHO'HVDUUROOR 6RVWHQLEOHDQDOL]DORVYtQFXORV HQWUHHOFDPELRFOLPiWLFRODV HPSUHVDV\RWURVDJHQWHV VWDNHKROGHUV  ZZZZEFVGFKZZZPPD HVRHFFFFHVSDQDKWPKWWS XQIFFFLQWHVLQGH[KWPOZZZ JUHHQIDFWVRUJHVLQGH[KWP

R

X

W

K

;

F

K

D

Q

J

H

1XQFDHVGHPDVLDGRWDUGHSDUDDFWXDU/DFDSDGHR]RQRVHUHFXSHUDUiVLWRGRV XWLOL]DPRVPHQRVVXVWDQFLDVTXHODGHVWUX\HQ$~QDVtDXQTXHWRGDVHVWDV VXVWDQFLDVVHSURKLELHUDQPDxDQDWRGDYtDVHQHFHVLWDUtDQDxRVSDUDTXHOD FDSDGHR]RQRVHUHJHQHUDUD 'XUDQWHPXFKRWLHPSRODDSDUHQWHGLVSRQLELOLGDGGHFRPEXVWLEOHVIyVLOHVKL]R TXHQRVHFRQVLGHUDUDQRSFLRQHVDOWHUQDWLYDVPiVOLPSLDV(OUHVXOWDGRHVTXHD~Q GHSHQGHPRVHQJUDQPHGLGDGHODVIXHQWHVWUDGLFLRQDOHVGHHQHUJtD\HVWDPRV VXIULHQGRODVFRQVHFXHQFLDVHQQXHVWUDVDOXG\ODGHOSODQHWD'HEHPRVLQYHUWLU PiVWLHPSRGLQHUR\³HQHUJtDKXPDQD´SDUDKDFHUGHODVIXHQWHVUHQRYDEOHV GHHQHUJtDXQDDOWHUQDWLYDYLDEOHDORVFRPEXVWLEOHVIyVLOHV/RVFRQVXPLGRUHV UHVSRQVDEOHVMXJDPRVXQSDSHOFODYHDWUDYpVGHQXHVWUDVDFFLRQHVSRVLWLYDV£HO ³FOXEGHVHJXLGRUHVGHODVRVWHQLELOLGDG´FUHFHUi/DVSRGHURVDVPXOWLQDFLRQDOHV VHYHUiQHQGL¿FXOWDGHVSDUDFRQWLQXDUWHQLHQGRp[LWRVLLJQRUDQQXHVWUDV SUHRFXSDFLRQHV

- 3DVRDSDVR 

3RQWXJUDQLWRGHDUHQDSDUDFRQWURODUHOFDPELRFOLPiWLFR\HOGHWHULRURGHODFDSDGH R]RQR )1RXWLOLFHVDHURVROHV$XQTXH\DQRFRQWLHQHQ&)&VtFRQWLHQHQRWUDVVXVWDQFLDV TXtPLFDVFRQWDPLQDQWHVTXHQRVHSXHGHQUHFLFODU )$VHJ~UDWHGHTXHWXQXHYRIULJRUt¿FRFRQWHQJDQLYHOHVUHGXFLGRVGH&)&RPHMRU D~QQDGD(QOD8QLyQ(XURSHDORV&)&HVWiQSURKLELGRVGHVGH1RWLUHV WXIULJRUt¿FRYLHMR/ODPDDOIDEULFDQWH\SLGHTXHOHUHWLUHQORV&)&£(VWRVJDVHV SXHGHQ \GHEHQ UHFLFODUVH )5HGXFHHOXVRGHWXFRFKHRYHKtFXORPRWRUL]DGR/RVDXWRPyYLOHVVRQODIXHQWH LQGLYLGXDOPiVJUDQGHGHHPLVLRQHVGH&2\SURGXFHQRWURVJDVHVHIHFWRGHLQYHUQDGHUR

\

R

X

W

K

;

F

K

D

Q

J

H

/DEHEHPRVFRQHOODODYDPRVQXHVWURVFXHUSRVORVSODWRVQXHVWUDURSDQXHVWUDV FDVDV\QXHVWURVFRFKHV(OFXHUSRKXPDQRHVWiFRQVWLWXLGRSULQFLSDOPHQWHGH DJXD/RVFXOWLYRVGHDOLPHQWRVQRFUHFHUtDQVLQHOODGHKHFKRHVYLWDOSDUDOD VXSHUYLYHQFLDGHWRGRVORVRUJDQLVPRVYLYRV6HSXHGHSDVDUVLQDOLPHQWRFDVL PHVSHURVyORGHDGtDVVLQDJXD (OGHODJXDGHOD7LHUUDHVDJXDGHORVRFpDQRVQRXWLOL]DEOHSRUHOVHU KXPDQR0HQRVGHOGHODJXDGHOPXQGRHVWiGLVSRQLEOHSDUDEHEHUOD\RWURV XVRVFRPRODDJULFXOWXUD\ODLQGXVWULD(VWHDEDVWHFLPLHQWRSURYLHQHGHORVUtRV SUHVDVDFXtIHURV\IXHQWHVVXEWHUUiQHDV (QWRGRHOPXQGRHOFRQVXPRGHDJXDHVWiDXPHQWDQGR/DGLVSRQLELOLGDGGHDOJR WDQEiVLFR\IXQGDPHQWDOFRPRHODJXDSXHGHFRQYHUWLUVHHQXQRGHORVSUREOHPDV PiVXUJHQWHV\GHVHVWDELOL]DGRUHVHQORVSUy[LPRVDxRV

$KRUUD HODJXD DVHJXUD HODJXD ´8QDJUDQFDQWLGDGGHJXHUUDV HQHVWHVLJORVHRULJLQDURQSRU HOSHWUyOHRSHURODVGHOSUy[LPR VLJORVHUiQSRUHODJXDµ >,VPDLO6HUDJHOJLQ %DQFR0XQGLDO@

'HDFXHUGRFRQHODFWXDODXPHQWRGHODGHPDQGDHODJXDH[SORWDEOH HFRQyPLFDPHQWHVHDJRWDUiHQDOJXQDV]RQDVFUtWLFDVSDUDHODxR0DUWLQ/XWKHU.LQJ OtGHUHQGHUHFKRVFLYLOHV@



0DUFiQGROHJROHV DOWUDEDMRLQIDQWLO (852&23$ (OKHFKRGHTXHORVEDORQHV GHI~WEROVHFRVLHUDQ XVDQGRWUDEDMRLQIDQWLOHQ 3DNLVWiQVDOWyDORVWLWXODUHV GHODSUHQVDDQWHVGHTXH HPSH]DUDOD(XURFRSD (VWRFRQGXMRDOD),)$ )HGHUDFLyQ,QWHUQDFLRQDO GH$VRFLDFLRQHVGH)~WERO  DHPLWLUXQFyGLJRGH FRQGXFWDHVWLSXODQGRTXp EDORQHVSRGUtDQXVDUVH HQODFRPSHWLFLyQ&RPR UHVXOWDGRGHODFDPSDxDHO PpWRGRGHSURGXFFLyQGH EDORQHVHQ3DNLVWiQFDPELy

R

X

W

K

;

F

K

D

Q

J

H

1RFRPSUDUQDGDQRHVUHDOLVWDSHURGHMDUGHFRPSUDUHQH[FHVRHVHVHQFLDO(O &RQVXPR6RVWHQLEOHQRVHUH¿HUH~QLFDPHQWHDOFRVWHDPELHQWDOTXHRFDVLRQDOD IRUPDFRPRSURGXFLPRV\FRQVXPLPRVORVFRVWHVKXPDQRV\ORVFRVWHVVRFLDOHV WDPELpQGHEHQWHQHUVHHQFXHQWD 8QJUDQQ~PHURGHDUWtFXORVTXHYDDODVWLHQGDV\DQXHVWUDVFDVDVVHSURGXFH HQORVSDtVHVHQGHVDUUROORGHELGRDTXHODVFRPSDxtDVPXOWLQDFLRQDOHVHQFXHQWUDQ TXHODPDQRGHREUDFDVLVLHPSUHHVPiVEDUDWDDOOt3HURHOWUDWRGHEHVHUMXVWR SDUDWRGRVORVLQYROXFUDGRV(O&RQVXPR6RVWHQLEOHGHEHGHIHQGHUODMXVWLFLDVRFLDO

&2175$/$(6&/$9,78',1)$17,/ (OGHDEULOGHODPD¿DWDSLFHUDGH3DNLVWiQDVHVLQDEDD,TEDO0DVLKQLxRGH DxRVHVFODYRGHOWUDEDMRWDSLFHUR$ORVGLH]DxRVVHHVFDSDGHVXWUDEDMR\DVLVWHD XQPLWLQGHO)UHQWHGH/LEHUDFLyQGHO7UDEDMR)RU]DGR )/7) XQD21*TXHWUDEDMDHQ 3DNLVWiQSDUDSUHVLRQDUSRUODDEROLFLyQGHOWUDEDMRHVFODYRLQIDQWLO(OGHVFXEULPLHQWRGH VXVGHUHFKRV HQ3DNLVWiQKD\XQDOH\TXHSURKtEHORVWUDEDMRVIRU]DGRVSHURFDVLQDGLHOD UHVSHWD OHOOHYyDDVLVWLUDXQDHVFXHODGHO)/7)\DLQLFLDUXQSUHFR]DFWLYLVPRVLQGLFDOTXH SURQWROODPyODDWHQFLyQLQWHUQDFLRQDO3DUWLFLSyHQDFFLRQHVUHLYLQGLFDWLYDVTXHOOHYDURQ DTXHYDULDVHPSUHVDVHQODVTXHWRGRVORVWUDEDMDGRUHVHUDQQLxRVHVFODYRVFHUUDUDQ(Q HVWDVIiEULFDV\WDOOHUHVORVQLxRVOOHJDQDWUDEDMDUPiVGHKRUDVGLDULDV (OHMHPSORGHVXOXFKDWUDQVFHQGLyLQWHUQDFLRQDOPHQWH\IXHSUHPLDGRHQ(VWRFROPR\ %RVWRQ $OSRFRGHVXUHJUHVRD3DNLVWiQIXHDFULELOODGRDEDOD]RV6XYLGDGHHQWUHJDSRUXQ PXQGRPDVMXVWR\VXPXHUWHSRUGHQXQFLDUODVLWXDFLyQGHPLOHVGHQLxRVHVFODYRV KDOOHYDGRDTXHVHSURFODPHHOGtDGHVXPXHUWHHOGHDEULOGtDPXQGLDOFRQWUDOD HVFODYLWXGLQIDQWLO ZZZVROLGDULGDGQHWLTEDOHVSDQDDVSZZZFKLOGUHQVZRUOGRUJHQJLTEDOLQGH[DVS KWWSZHEDPQHVW\RUJOLEUDU\,QGH[(6/$6$"RSHQ RI (6/3$.

\

R

X

W

K

;

F

K

D

Q

J

H

\UHVSHWDUORVGHUHFKRVKXPDQRVVRFLDOHV\HFRQyPLFRVEiVLFRVTXHGHEHQVHU SDUDWRGRVVLQH[FOXLUDQDGLH (OWUDEDMRLQIDQWLOHVXQHMHPSORFODURGHSRUTXpHQHO&RQVXPR6RVWHQLEOH HVQHFHVDULRTXHVHFRQVLGHUHQODVFRQGLFLRQHV\ORVGHUHFKRVEiVLFRVGHODV SHUVRQDVLQYROXFUDGDVHQODSURGXFFLyQ\PDQXIDFWXUDGHELHQHV'HDFXHUGRFRQ HVWLPDFLRQHVGHOD2UJDQL]DFLyQ,QWHUQDFLRQDOGHO7UDEDMR 2,7 DOUHGHGRUGH PLOORQHVGHQLxRVGHDDxRVGHHGDGWUDEDMDQ/DVHVWDGtVWLFDVGHOD2,7 LQGLFDQTXHHQHVWDVFRQGLFLRQHVVHHQFXHQWUDQGHFDGDQLxRVHQÈIULFD  GHOWRWDOPXQGLDOGHORVQLxRVWUDEDMDGRUHV GHFDGDQLxRVHQ$VLD GHO WRWDOPXQGLDO GHFDGDHQ$PpULFD/DWLQD GHOWRWDOPXQGLDO \GHFDGD HQ2FHDQtD7DQVyORHQÈIULFDODVFLIUDVHVWiQDXPHQWDQGRDUD]yQGHXQPLOOyQ SRUDxR\DSXQWDQDORVPLOORQHVKDFLDHODxR (QOD,QGLDPLOHVGHQLxRVWUDEDMDQSDUDSURGXFLUFHULOODV\IXHJRVDUWL¿FLDOHV 5HFLEHQXQSDJRHTXLYDOHQWHDFHQWDYRVGHGyODUSRUGtD\WUDEDMDQ DOUHGHGRUGHKRUDVGLDULDVVLHWHGtDVSRUVHPDQD(Q3DNLVWiQHOGH ODVWHMHGRUDVGHDOIRPEUDVVRQQLxDVPHQRUHVGHDxRV 6LQHPEDUJRHVWRQRHV~QLFDPHQWHXQSUREOHPDGHOPXQGRHQGHVDUUROOR(Q HO'HSDUWDPHQWRGH7UDEDMRGHORV(VWDGRV8QLGRVGH$PpULFDHVWLPyTXH KDEtDDSUR[LPDGDPHQWHPLOORQHVGHQLxRVWUDEDMDGRUHV³OHJDOHV´HQORV(VWDGRV 8QLGRV DGHPiVGHPLOORQHVGHLOHJDOHV (QHO5HLQR8QLGRXQHVWXGLR UHFLHQWHHQFRQWUyTXHXQRVQLxRVHQWUHODVHGDGHVGH\DxRV WUDEDMDQGHPDQHUDUHJXODU\TXHDOJXQRVORKDFHQKDVWDKRUDVDODVHPDQD

 ZZZLORRUJSXEOLF VSDQLVKLQGH[KWP

 ³,QYHVWLJDFLyQVREUH 1LxDV7HMHGRUDVHQOD,QGXVWULDGH ODV$OIRPEUDV´58*0$5.6RFLHW\ 3DNLVWiQZZZUXJPDUN RUJQHZVBIDFWV

 

9pDQVHORVVLWLRVGHOD 5HGGHO'HSDUWDPHQWRGH7UDEDMR GHORV(VWDGRV8QLGRVGH$PpULFD ZZZGROJRY\OD2¿FLQDGH (VWDGtVWLFDVGH7UDEDMRZZZEOV JRY

\

(OWUDEDMRLQIDQWLO WDPELpQDIHFWDD(VSDxD 6HJ~QXQLQIRUPHUHDOL]DGR HQWUHHODxR\HODxR SRU81,&()DSHWLFLyQ GHO0LQLVWHULRGH7UDEDMR\ $VXQWRV6RFLDOHVHQ(VSDxD WUDEDMDEDQDOUHGHGRUGH QLxRV LQFOX\HQGR VyORORVTXHWUDEDMDEDQ yPiVKRUDVDOGtDGXUDQWH GtDVDODVHPDQD (O UHVXOWDGRHVTXHHQWUHORV QLxRVHVFRODUL]DGRVKD\ DOUHGHGRUGHTXH VHGHGLFDQDODVWDUHDV GRPpVWLFDVTXH WUDEDMDQHQQHJRFLRV IDPLOLDUHVXQRVTXH WUDEDMDQHQODDJULFXOWXUD\ JDQDGHUtDHQWDOOHUHV RIiEULFDV\HQOD YHQWDDPEXODQWH )XHQWH³(OWUDEDMRLQIDQWLO HQ(VSDxD´81,&() 0DWHULDOHVGH7UDEDMR 0LQLVWHULRGH7UDEDMR\ $VXQWRV6RFLDOHV 0DGULG



R

X

W

K

;

F

K

D

Q

J

H

8VXDOPHQWHDORVQLxRVVHOHVLQYROXFUDHQWUDEDMRVLQWHQVLYRVTXHQRUHTXLHUHQ KDELOLGDGHVHVSHFt¿FDVSHURGRQGHODVPDQRVSHTXHxDVVRQYDOLRVDV WHMLGR GHDOIRPEUDVFRVWXUDHODERUDFLyQGHFHULOODV &RQIUHFXHQFLDHVWiQH[SXHVWRV DFRQGLFLRQHVGHWUDEDMRSHOLJURVDV\SRUVHUPiVYXOQHUDEOHVItVLFDPHQWHD PHQXGRVHHQIHUPDQ7UDEDMDQODUJDVKRUDVFDVLQRUHFLEHQHGXFDFLyQHVFRODU\ VHOHVSDJDXQDPLVHULD 8QKHFKRWULVWHHVTXHXQJUDQQ~PHURGHIDPLOLDVHQWRGRHOPXQGRGHSHQGHGH ORVLQJUHVRVGHVXVQLxRV$OJXQRVSROtWLFRVFUHHQTXHHOWUDEDMRMXHJDXQSDSHO LPSRUWDQWH\SRVLWLYRHQODYLGDGHORVQLxRVDVtFRPRHQVXUHODFLyQFRQVXV IDPLOLDVGHWDOPRGRTXHWUDWDQGHKDFHUUHIRUPDVSHURQRSRQHU¿QDOWUDEDMR LQIDQWLO(OSUREOHPDHVFRPSOHMR\FXDOTXLHUVROXFLyQTXHIXQFLRQHGHEHLQFOXLUGH PDQHUDDFWLYDDODVIDPLOLDVGHORVQLxRVHQFXHVWLyQ1RREVWDQWHHOQLxRGHEH SRQHUVHHQSULPHUOXJDU'HVSXpVGHWRGR£WDQVyORVHHVQLxRXQDYH]HQODYLGD 81$2325781,'$'3(5','$ (OWUDEDMRQRVyORFRPSURPHWHODVDOXGItVLFD\VHJXULGDGGHXQQLxRVLQRTXHVXV GHUHFKRVVHLJQRUDQ\ORTXHHVFUXFLDOVHOHVSULYDGHODRSRUWXQLGDGGHUHFLELU XQDHGXFDFLyQHVFRODUPLOORQHVGHQLxRVDEDQGRQDQODHVFXHODSULPDULDDQWHV GHKDEHUFRPSOHWDGRFXDWURDxRVGHHGXFDFLyQ8QRGHFDGDFXDWURQLxRVHQOD ,QGLDQXQFDLUiDODHVFXHOD eVWHHVHOLQLFLRGHXQFtUFXORYLFLRVRVLQHGXFDFLyQODVSUREDELOLGDGHVGHHVFDSDU GHORVWUDEDMRVPDOSDJDGRV\GHODSREUH]DVHUHGXFHGHPDQHUDGUiVWLFD

\

R

X

W

K

;

F

K

D

Q

J

H

$OPLVPRWLHPSRHQORVSDtVHVHQGHVDUUROORODVFRQVHFXHQFLDVDODUJRSOD]RGHO WUDEDMRLQIDQWLOQRVRQDOHQWDGRUDV/RVQLxRVUHSUHVHQWDQODHVSHUDQ]D\SRWHQFLDO IXWXURGHFXDOTXLHUSDtV1HJDUODHGXFDFLyQDXQQLxRHVQHJDUDOSDtVHO³FDSLWDO KXPDQR´RORVWUDEDMDGRUHVFXDOL¿FDGRV\FRQHGXFDFLyQTXHORVSDtVHVHQ GHVDUUROORWDQWRQHFHVLWDQ PLOORQHVGHSHUVRQDVGHFDGDDGXOWRVGHOPXQGRHQGHVDUUROORQRSXHGH OHHURHVFULELU'RVWHUFLRVGHHOORVVRQPXMHUHV3URSRUFLRQDUDFDGDXQRGHORV QLxRVGHOPXQGRXQDHGXFDFLyQSULPDULDFRVWDUtDPLOORQHVGHGyODUHVOR PLVPRTXHGtDVGHOJDVWRPLOLWDUPXQGLDO /DFRQFLHQFLDGHOFRQVXPLGRUFXHVWLRQDUODVSROtWLFDVGHORVJRELHUQRV\FRPSDxtDV\ QRFRPSUDUQLQJ~QSURGXFWRDPHQRVTXHHVWHPRVFRQYHQFLGRVGHTXHVHSURGXMRVLQ FRPSURPHWHUODpWLFDSXHGHSURGXFLUHOFDPELR/RVFRQVXPLGRUHVWDPELpQSRGHPRV GLULJLUQRVDODVRUJDQL]DFLRQHVGHFRPHUFLRMXVWRFX\DSUHVHQFLDHVWiDXPHQWDQGR HQHOPHUFDGRTXHJDUDQWL]DQTXHVXVSURGXFWRVVRQUHVSHWXRVRVFRQHOPHGLR DPELHQWH\KDQVLGRKHFKRVVLQH[SORWDFLyQ (OWUDEDMRLQIDQWLOHVVyORXQDVSHFWRSDUWLFXODUPHQWHLOXVWUDWLYRGHXQWHPDPXFKR PiVDPSOLRTXHVHUH¿HUHDODVFRQGLFLRQHVGHWUDEDMRGHUHFKRVKXPDQRV GHVLJXDOGDGGHJpQHUR\DODQHFHVLGDGGHUHVSHWDUHOGHUHFKRGHORVSDtVHVHQ GHVDUUROORDXQDH[LVWHQFLDGLJQD\VRVWHQLEOH

'LVPLQXFLyQGHOWUDEDMRLQIDQWLO/DHGXFDFLyQREOLJDWRULDKDUHGXFLGRHOWUDEDMR LQIDQWLO(QODVGpFDGDVGHDHOJRELHUQRGH6UL/DQNDGHFLGLySRQHUHQYLJRUOD HGXFDFLyQREOLJDWRULD/DWDVDGHDOIDEHWL]DFLyQDXPHQWyGHHQDHQ 81(6&2 (VWRKDVXSXHVWRFRPRUHVXOWDGRTXHODWDVDGHHPSOHRGHQLxRVHQWUH \DxRVKDPRVWUDGRXQDGLVPLQXFLyQVXVWDQFLDOGHOHQDOHQ \DFWXDOPHQWHHVGHHQORVKRPEUHV\HQODVPXMHUHV 2,7  (OFRQVXPRVROLGDULRWLHQHVXH[SUHVLyQSUiFWLFDHQODFRPHUFLDOL]DFLyQGHSURGXFWRV SURYHQLHQWHVGHOFRPHUFLRMXVWR/RVSURGXFWRVGHFRPHUFLRMXVWRVHHODERUDQVLJXLHQGRORV VLJXLHQWHVSULQFLSLRV /DVHPSUHVDVSURGXFWRUDVGHEHQWHQHUXQDHVWUXFWXUDGHPRFUiWLFD\SDUWLFLSDWLYD /DVFRQGLFLRQHVODERUDOHVGHEHQVHUGLJQDVFRQVDODULRVMXVWRVLJXDOGDGHQWUHKRPEUHV \PXMHUHV\FRQGLFLRQHVODERUDOHVTXHQRSRQJDQHQULHVJRODVDOXGGHODVSHUVRQDV (QODVUHODFLRQHVFRPHUFLDOHVVHHVWDEOHFHQSUHFLRVMXVWRVFRQODVHQWLGDGHV GLVWULEXLGRUDVSUH¿QDQFLDQGRORVSURGXFWRV\HVWDEOHFLHQGRUHODFLRQHVDODUJRSOD]RSDUD TXHODFRPXQLGDGSURGXFWRUDSXHGDSODQL¿FDUVXGHVDUUROOR 8QDSDUWHGHORVEHQH¿FLRVVHGHEHUHLQYHUWLUHQODVQHFHVLGDGHVEiVLFDVGHODFRPXQLGDG 6HWLHQHTXHJDUDQWL]DUHOUHVSHWRDOPHGLRDPELHQWH 6HSURKtEHH[SUHVDPHQWHHOWUDEDMRLQIDQWLO 0iVLQIRUPDFLyQVREUHHOFRPHUFLRMXVWRHQ(VSDxDZZZHFRPHUFLRMXVWRRUJ

 ([LVWHQYDULDVLQLFLDWLYDV HQODUHGSDUDGHWHQHUHOWUDEDMR LQIDQWLOZZZLFIWXRUJ (QHVSDxROYLVLWDU ZZZLORRUJSXEOLFVSDQLVK ZZZLORRUJSXEOLFVSDQLVK VWDQGDUGVLSHF



318',QIRUPHVREUH 'HVDUUROOR+XPDQR ³&RQVXPRSDUDHO'HVDUUROOR +XPDQR´FRQVXOWDUORHQZZZ XQGSRUJKGUR

 3DUDHQFRQWUDUPiV LQIRUPDFLyQVREUHGHUHFKRV KXPDQRVVXVDOFDQFHV\ORTXH RFXUUH\GyQGHYLVLWDORVVLWLRV VLJXLHQWHVKWWSZHEDPQHVW\ RUJ\ZZZKUZRUJZZZKUZRUJ

 )XHQWHZZZJHRFLWLHV FRP&ROOHJH3DUN/LEUDU\ LQTXLU\



\

R

X

W

K

;

F

K

D

Q

J

H

([LVWHXQDIXHUWHFRQH[LyQHQWUHHO&RQVXPR6RVWHQLEOHODQHFHVLGDGGH DVHJXUDUTXHVHUHVSHWHQORVGHUHFKRVKXPDQRVEiVLFRV\SURPRYHUHO GHVDUUROOR/DSREUH]D\HOGHWHULRURDPELHQWDO SRUPHGLRGHODGHIRUHVWDFLyQ \HOVREUHSDVWRUHRSRUHMHPSOR VHDOLPHQWDQPXWXDPHQWH\WLHQHQXQHIHFWR GRPLQyVREUHORVGHUHFKRVKXPDQRV\HOGHVDUUROORGHODJHQHUDFLyQSUHVHQWH\ ODVYHQLGHUDV /RVJRELHUQRVWLHQHQHOGHEHUGHSURWHJHUWRGRVORVGHUHFKRVGHVXVFLXGDGDQRV 7ULVWHPHQWHH[LVWHXQHQRUPHQ~PHURGHRFDVLRQHVHQODVTXHORVGHUHFKRV KXPDQRVVHLJQRUDQ\VHDWURSHOODQ7HQHUXQDPD\RUFRQFLHQFLDVLJQL¿FDTXHOD JHQWHHVWiHPSH]DQGRDFXHVWLRQDUODVSUiFWLFDVGHWUDEDMRH[SORWDGRUDV (OERLFRWHVWiJDQDQGRSRSXODULGDGDWUDYpVGH,QWHUQHWFRPRKHUUDPLHQWDSDUD KDFHUFDPSDxDV$QWHVGHERLFRWHDUHVLPSRUWDQWHTXHWHLQIRUPHVDFHUFDGHORV UHVXOWDGRVSRVLEOHV\DQDOLFHVDTXLpQDIHFWDUiPiVODDFFLyQHPSUHQGLGD¢DOD FRPSDxtDRDORVWUDEDMDGRUHVTXHWUDWDVGHSURWHJHU"([LJLUWUDQVSDUHQFLDWRWDO DODVHPSUHVDVHVIXQGDPHQWDOSDUDDVHJXUDUTXHQRVyORFDPELHQGHXELFDFLyQ\ FRQWLQ~HQFRQVXVSUiFWLFDVLQMXVWDVHQRWUROXJDU(VWDH[LJHQFLDGHWUDQVSDUHQFLD SXHGHFDQDOL]DUODDFFLyQGHORVFRQVXPLGRUHVHLPSXOVDUORVDFRPSDUWLU UHVSRQVDELOLGDGHV\REMHWLYRVFRPXQHVGHQWURGHXQDFRPXQLGDGPiVDPSOLD

([DPLQDORVLQIRUPHVGH$PQLVWtD ,QWHUQDFLRQDORYLVLWDVXVLWLRHQ ODZHEVREUHWRUWXUDHMHFXFLRQHV H[WUDMXGLFLDOHVSULVLRQHURV GHFRQFLHQFLDYLROHQFLDR¿FLDO IUHFXHQWHFRQWUDORVFLXGDGDQRV WROHUDQFLDKDFLDODHVFODYLWXG ZZZDPQLVWLDLQWHUQDFLRQDORUJ DFWXD ,QIyUPDWHHQODVSXEOLFDFLRQHV GHRUJDQL]DFLRQHVFRQWUDOD HVFODYLWXG\VLWLRVHQ,QWHUQHW FRPRZZZDQWLVODYHU\RUJ VHOHFWLRQ $OJXQDVHWLTXHWDVIUHFXHQWHV DSDUHFHQHQORVUHFXDGURVGH HVWDVSiJLQDV

 9pDVHHOVLJXLHQWHFDStWXOR

- 3DVRDSDVR 

/DVVLJXLHQWHVVXJHUHQFLDVSXHGHQD\XGDUWHDFRPSUDUpWLFDPHQWH

)(OLJHDUWtFXORVHODERUDGRV\GLVWULEXLGRVSRUIDEULFDQWHV\FRPHUFLDQWHVFRQXQD pWLFD\FyGLJRVGHFRQGXFWDFODURV

)0DQWpQWXVPDUFDVIDYRULWDVEDMRFRQWLQXRHVFUXWLQLRSRQWHHQFRQWDFWRFRQ DOJXQDDVRFLDFLyQORFDOGHFRQVXPLGRUHVSDUDDPSOLDUODLQIRUPDFLyQVREUHHOODV 3DUWLFLSDHQODVFDPSDxDVS~EOLFDVSDUDPHMRUDUODVFRQGLFLRQHVODERUDOHVGHORV WUDEDMDGRUHV )(YLWDORVSURGXFWRV\VHUYLFLRVRIUHFLGRVSRUODVHPSUHVDVTXHDSR\DQDORV UHJtPHQHVTXHQRUHVSHWDQORVGHUHFKRVKXPDQRV )%RLFRWHDDORVSURGXFWRUHVTXHSDJDQVDODULRVPX\EDMRVDVXVWUDEDMDGRUHVRTXH ORVHVFODYL]DQRFX\RVSURYHHGRUHVDSR\DQODHVFODYLWXG )6LHPSUHTXHVHDSRVLEOHHOLJHSURGXFWRV\VHUYLFLRVFX\DHWLTXHWDHVSHFL¿TXH³6LQ WUDEDMRLQIDQWLO´ 1RFKLOGODERXU 

)6LHVSRVLEOHHOLJHSURGXFWRVRVHUYLFLRVFRQHWLTXHWDTXHHVSHFL¿TXH³12 H[SHULPHQWDGRHQDQLPDOHV´

&RQWUDODGLJQLGDGKXPDQD\OD GHORVDQLPDOHV SRUHMHPSORTXH SURPXHYDQODYLROHQFLDSHGR¿OLD H[SORWDFLyQVH[XDOHVFODYLWXG HWF 

)%RLFRWHDSURGXFWRV\VHUYLFLRVTXHKDJDQD¿UPDFLRQHVHQJDxRVDVXRIHQVLYDV ),QWHUFDPELDFRQRWURVFRQVXPLGRUHVLQIRUPDFLyQ\H[SHULHQFLDVUHODFLRQDGDVFRQ ODpWLFD\ORVSURGXFWRVGHFRQVXPR

\

R

X

W

K

;

F

K

D

Q

J

H

9LYH\ GHMDYLYLU ´/DFUXHOEHVWLDVDOYDMHQRHVWi WUDVODVEDUUDVGHODMDXOD6H HQFXHQWUDIUHQWHDHOODµ >$[HO0XQWKH PpGLFRSVLTXLDWUD\HVFULWRU@

(OGHUHFKRDXQDH[LVWHQFLDGLJQDQRHVH[FOXVLYRGHORVVHUHVKXPDQRV/D FRQFLHQFLDDFHUFDGHQXHVWUDLQWHUUHODFLyQFRQODQDWXUDOH]D\ODVFRQVHFXHQFLDVGH ODDFWLYLGDGKXPDQDHQORVHFRVLVWHPDVHVXQHOHPHQWRFODYHSDUDFRPSUHQGHUHO GHVDUUROORVRVWHQLEOH (OWUDWRTXHGDPRVDORVDQLPDOHV FULDGRVSDUDHOFRQVXPR\HQFDXWLYLGDG \ HOWHPDGHODELRGLYHUVLGDG\SUHVHUYDFLyQGHOHTXLOLEULRHFROyJLFRVRQWHPDV VHSDUDGRVSHURUHODFLRQDGRVHQWUHVt(QHVWDVHFFLyQHQFRQWUDUiVLQIRUPDFLyQ VREUHHVWRVWHPDV&RUUHVSRQGHDFDGDFXDOWRPDUVXVGHFLVLRQHVGHDFXHUGRFRQ HOHVWLORGHYLGD\SULRULGDGHVTXHHOLMDQGHQWURGHOFRQWH[WRGHODVRVWHQLELOLGDG *5$1-$6'($1,0$/(6 /DJHQWHHVWiFDGDYH]PiVSUHRFXSDGDSRUVDEHUTXpWUDWRUHFLEHQORVDQLPDOHV GXUDQWHHOSURFHVRGHHODERUDFLyQGHORVSURGXFWRV JUDQMDVLQWHQVLYDVSUXHEDV GHFRVPpWLFRVHQDQLPDOHVHWF /DFUXHOGDGSXHGHHYLWDUVHVLJXLHQGRDOJXQRV SULQFLSLRVIXQGDPHQWDOHV7UDWDDORVDQLPDOHVFRQUHVSHWRSURSRUFLyQDOHV DOLPHQWR\WHFKRDGHFXDGRVDVHJ~UDWHGHTXHUHFLEDQORVFXLGDGRVYHWHULQDULRV EiVLFRVFRQGLFLRQHVVDQLWDULDVHKLJLpQLFDVSDUDYLYLU\GHTXHQXQFDVHOHV JROSHHRDOLPHQWHDODIXHU]D



\

R

X

W

K

;

F

K

D

Q

J

H

&UXHOGDGHVLQQHFHVDULDV /DSURGXFFLyQGHKXHYRVGHJUDQMDHVWDQFUXHOTXHVHHVWiHOLPLQDQGRHQORVSDtVHV HXURSHRVSHURD~QVHSUDFWLFDHQRWUDVUHJLRQHVGHOPXQGR(QODVJUDQMDVLQWHQVLYDV SRUORUHJXODUVHDPRQWRQDQFXDWURJDOOLQDVHQXQDMDXODGHDODPEUHPX\SHTXHxD GH QRPiVGHFHQWtPHWURVSXOJDGDV /DVMDXODVVHDSLODQHQYDULRVQLYHOHV\VH DFRPRGDQHQ¿ODVHQHQRUPHVQDYHVRJDOSRQHV$WRGDVODVJDOOLQDVSRQHGRUDVVHOHV FRUWDHOSLFRFRQHO¿QGHUHGXFLUODVOHVLRQHVTXHUHVXOWHQDOSLFRWHDUVHHQWUHHOODVFXDQGR ODVDYHVFRQ¿QDGDVVHYXHOYHQFODXVWURIyELFDVDEXUULGDV\DJUHVLYDV3RQHQPiVGH KXHYRVDODxR'HVSXpVGHXQDxRGHSURGXFFLyQGHKXHYRVODVDYHVVRQVRPHWLGDV DXQQXHYRFLFORGHSRVWXUDGHKXHYRVRVDFUL¿FDGDV/DVJDOOLQDVGHJUDQMDLQWHQVLYD XVXDOPHQWHDFDEDQIRUPDQGRSDUWHGHSURGXFWRVFiUQLFRVGHEDMDFDOLGDGGRQGHODFDUQH DPRUDWDGDSXHGHRFXOWDUVHDORVFRQVXPLGRUHV &DPSDxDLWDOLDQDUHDOL]DGDSRU &$5( &RRSHUDFLyQSRUORV'HUHFKRV GHORV$QLPDOHVHQ(XURSDVXV VLJODVHQLQJOpV ZZZLQIRODYRUJ

8QDDOWHUQDWLYDTXHJDUDQWL]DTXH ORVDQLPDOHVKDQVLGRWUDWDGRV FRUUHFWDPHQWHTXHQRVHKDQ XWLOL]DGRSLHQVRVGHRULJHQDQLPDO QLSURGXFWRVGHHQJRUGHXRWURV FRPSXHVWRVDUWL¿FLDOHVVRQORV SURGXFWRVGHRULJHQDQLPDOFRQ HOFHUWL¿FDGRHFROyJLFRGHORV GLIHUHQWHVFRQVHMRVUHJXODGRUHVGH ODDJULFXOWXUDHFROyJLFD9HUZZZ DJURHFRORJLFDQHW )XHQWHKWWSKRPHWRZQDRO FRPF¿QHZVLQGH[KWP 3DUDREWHQHUXQDOLVWDGH HVWDVFRPSDxtDVYLVLWDZZZ DOOIRUDQLPDOVFRPFUXHOIUHHKWP RSDUDPiVLQIRUPDFLyQVREUH SURGXFWRVOLEUHVGHFUXHOGDGHQ ORVDQLPDOHVZZZQDWXUHZDWFK RUJ7DPELpQSXHGHVYLVLWDUZZZ DQLPDOIUHHGRPRUJHVSDJQROLQGH[ KWPXQSRUWDOOOHQRGHVXJHUHQFLDV \PDWHULDOHVVREUHORVGHUHFKRVGH ORVDQLPDOHV



/DSURGXFFLyQGHDOLPHQWRVQRVDIHFWDDWRGRV3RGHPRVUHFKD]DUORVSURGXFWRV TXHQRKDQVLGRHODERUDGRVGHXQDPDQHUDKXPDQD (OHJLUKXHYRV\FDUQHFULDGRVHQOLEHUWDGHQHOFDPSRRUDQFKRV EXVFDSURGXFWRV FHUWL¿FDGRV HVPHMRUSDUDHODQLPDOSHURWDPELpQSDUDHOFRQVXPLGRUODKLJLHQH \FDOLGDGGHODFDUQH\RWURVSURGXFWRVSURYHQLHQWHVGHJUDQMDVLQGXVWULDOHVSXHGH DYHFHVVHUEDMD/RVHVFiQGDORVUHODFLRQDGRVFRQDOLPHQWRVFRPRHOGHOD HQIHUPHGDGGHODVYDFDVORFDVQRVKDQKHFKRPiVFRQVFLHQWHVGHODFRQH[LyQ HQWUHODVFRQGLFLRQHVVDQLWDULDV\GHDOLPHQWDFLyQGHORVDQLPDOHVFRQQXHVWUD SURSLDVDOXG /DVHPSUHVDVVHKDQGDGRFXHQWDGHTXHORVFRQVXPLGRUHVTXLHUHQHYLWDUOD FUXHOGDGLQQHFHVDULDVHJ~QHO)252'(,19(56,Ï162&,$/HQORV(VWDGRV 8QLGRVGH$PpULFDVHLQYLHUWHQPLOPLOORQHVGHGyODUHVHQFRPSDxtDV\ RUJDQL]DFLRQHVOLEUHVGHFUXHOGDG\PLOHVGHPLOORQHVPiVHQ(XURSD\RWURV OXJDUHV (Q5(9/21IXHXQDGHODVSULPHUDVJUDQGHVFRPSDxtDVTXH¿QDQFLyOD LQYHVWLJDFLyQSDUDHQFRQWUDUDOWHUQDWLYDVDODH[SHULPHQWDFLyQHQDQLPDOHV FRQXQDFRQWULEXFLyQGHGyODUHVSDUDOD8QLYHUVLGDG5RFNHIHOOHU 2WUDVRUJDQL]DFLRQHVFRPRHO&HQWUR-RKQV+RSNLQVSDUD$OWHUQDWLYDVDOD ([SHULPHQWDFLyQHQ$QLPDOHV &$$7 KDQLQLFLDGRVXVSURSLRVSURJUDPDVSDUD LQYHVWLJDUDOWHUQDWLYDV/DH[SHULPHQWDFLyQHQDQLPDOHVD~QSUHYDOHFHHQODV JUDQGHVFRUSRUDFLRQHVSHURKD\\DYDULRVFLHQWRVGHFRPSDxtDVTXHHODERUDQ SURGXFWRVVLQFUXHOGDG /DH[SHULPHQWDFLyQHQDQLPDOHVHVXQWHPDFRQWURYHUWLGR/DVRSLQLRQHVGH ODVSHUVRQDVDFHUFDGHSUXHEDVHQDQLPDOHVQRVLHPSUHVRQFODUDV\DPHQXGR GHSHQGHQGHSHUFHSFLRQHVLQGLYLGXDOHV\H[SHULHQFLDVSHUVRQDOHV

%ROVDGHSDSHOSDUDODFDPSDxDGH 7+(%2'