$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
$8',29,68$/(6 /$'5Ð1 '( %,&,&/(7$6
'H 9LWWRULR GH 6LFD $ ODV K HQ OD (VFXHOD 8QLYHUVLWDULD GH (VWXGLRV (PSUHVDULDOHV 3]D &RQVWLWXFLyQ 'HQWUR GH OD SURJUDPDFLyQ GHO FLFOR *XLRQLVWDV 6XVR &HFFKL '·$PLFR 0iV LQIRUPDFLyQ
É5($ '( $&7,9,'$'(6 &8/785$/(6 81,9(56,'$' '( =$5$*2=$ 7HO PDLO X]FXOWXU#XQL]DU HV ZHE ZZZ XQL]DU HV FXOWXUD
%(//Ì6,0$
'H /XFKLQR 9LVFRQWL $ ODV K HQ OD (VFXHOD 8QLYHUVLWDULD GH (VWXGLRV (PSUHVDULDOHV 3]D &RQVWLWXFLyQ 'HQWUR GH OD SURJUDPDFLyQ GHO FLFOR *XLRQLVWDV 6XVR &HFFKL '·$PLFR 0iV LQIRUPDFLyQ
É5($ '( $&7,9,'$'(6 &8/785$/(6 81,9(56,'$' '( =$5$*2=$ 7HO PDLO X]FXOWXU#XQL]DU HV ZHE ZZZ XQL]DU HV FXOWXUD
$ &$6$ 325 1$9,'$'
'H %HQW +DPHU -XHYHV GH IHEUHUR D ODV K HQ HO 7HDWUR 2OLPSLD 3URJUDPDFLyQ -XHYHV GH &LQH &LQH HQ YHUVLyQ RULJLQDO GREODGD DO FDVWHOODQR 0iV LQIRUPDFLyQ
7($752 2/,03,$ &RVR $OWR Q ZZZ WHDWUR ROLPSLD HV
)(0,1,6026
'H &HFLOLD %DUULJD $ ODV K HQ HO (VFXHOD 8QLYHUVLWDULD GH (VWXGLRV (PSUHVDULDOHV GH +XHVFD 'RFXPHQWDO GH ODV -RUQDGDV )HPLQLVWDV *UDQDGD WUHLQWD DxRV GHVSXpV $TXt \ DKRUD 3UHVHQWDFLyQ GHO OLEUR GH ODV -RUQDGDV )HPLQLVWDV GH *UDQDGD 'HQWUR GH ODV MRUQDGDV 85*(1&,$6 32/Ì7,&$6 )(0,1,67$6 0iV LQIRUPDFLyQ
&2/(&7,92 '( 08-(5(6 )(0,1,67$6 IHPLQLVWDV KXHVFD#QRGR RUJ
/$ /$'521$ 68 3$'5( < (/ 7$;,67$
'H $OHVVDQGUR %ODVHWWL $ ODV K HQ OD (VFXHOD GH (VWXGLRV (PSUHVDULDOHV 'HQWUR GH OD SURJUDPDFLyQ GHO &LFOR 6XVR &HFFKL G $PLFR 0iV LQIRUPDFLyQ
É5($ '( $&7,9,'$'(6 &8/785$/(6 81,9(56,'$' '( =$5$*2=$ 7HO PDLO X]FXOWXU#XQL]DU HV ZHE ZZZ XQL]DU HV FXOWXUD
/$ +(5('(5$
$ ODV K HQ HO (VSDFLR ,EHUFDMD 0RQWHDUDJyQ 'HQWUR GH OD SURJUDPDFLyQ (6&8(/$ '( &,1( GLULJXLGD SRU ÉQJHO 6 *DUFpV 0iV LQIRUPDFLyQ
(63$&,2 ,%(5&$-$ &$67,//2 0217($5$*Ð1 3VMH $OPpUL] 7HO PDLO HFPRQWHDUDJRQ#LEHUFDMDREUDVRFLDO RUJ
&21)(5(1&,$6 É0%,72 62&,$/ (1 (/ 3$Ì6 '( 25,*(1
$ ODV K HQ HO && 6DQWLDJR (VFDUWtQ 'HQWUR GHO &LFOR GH 7p \ 7HUWXOLD 9,'$6 '( 08-(5 0iV LQIRUPDFLyQ
$62&,$&,Ð1 08-(5(6 ,10,*5$17(66 É5$%(6 < $)5,&$1$6 & 7HQHUtDV 7HO PDLO DVRFLDFLRQGHPXMHUHV#JPDLO FRP
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
5(&85626 3$5$ /$ *(67,Ð1 '( /$ 352'8&&,Ð1 &,(17Ì),&$ < /$ (9$/8$&,Ð1 ,19(67,*$'25$ (1 /$ 81,9(56,'$'
&RQIHUHQFLD GH (OHQD (VFDU \ $GULDQD 2OLYD $ ODV K HQ OD (VFXHOD 3ROLWpFQLFD 6XSHULRU 0iV LQIRUPDFLyQ
(6&8(/$ 32/,7e&1,&$ 683(5,25 &DUUHWHUD GH &XDUWH V Q KWWS ELEOLRWHFD XQL]DU HV
(/ $3257( '( /$6 08-(5(6 $ 81$ &8/785$ '( 3$=
&RQ 0RQWVH 5HFOXVD PLHPEUR GH &*7 6HPLQDULR GH ,QYHVWLJDFLyQ SDUD OD 3D] GH =DUDJR]D 'HQWUR GH OD SURJUDPDFLyQ GH ODV -RUQDGDV 0LUDGDV &UtWLFDV 0iV LQIRUPDFLyQ
(&2/2*,67$6 (1 $&&,Ð1 $5$*Ð1 7HO DUDJRQ#HFRORJLVWDVHQDFFLRQ RUJ ZZZ HFRORJLVWDVHQDFFLRQ RUJ
(/ 2%6(59$725,2 $6752)Ì6,&2 '( -$9$/$0%5( 81$ 18(9$ 9(17$1$ $/ &26026
&RQIHUHQFLD GH 0DULDQR 0ROpV $ ODV K HQ OD 2EUD 6RFLDO &$, &RODERUD OD $JUXSDFLyQ $VWURQyPLFD GH +XHVFD 0iV LQIRUPDFLyQ
6(59,&,2 &8/785$/ &$, +8(6&$ &RVR $OWR 7HO
0,*8(/ +(51É1'(= (1 /$ (1&58&,-$'$
&RQIHUHQFLD GH $JXVWtQ 6iQFKH] 9LGDO $ ODV K HQ OD '3+ 2UJDQL]D ,QVWLWXWR GH (VWXGLRV $OWRDUDJRQHVHV 0iV LQIRUPDFLyQ
,($ 7HO ZZZ LHD HV
/$ 5(/$&,Ð1 &8(532 0(17(
$ ODV K HQ HO 6DOyQ GH DFWRV *HQDUR 3R]D 'HQWUR GH OD SURJUDPDFLyQ GHO FXUVR GH GHVDUUROOR SHUVRQDO 8QD 1XHYD 9LVLyQ GH OD 9LGD 0iV LQIRUPDFLyQ
92386 7HO ZHE ZZZ YRSXV RUJ
'(3257(6 %$55$1&2 '( 02/,1,(//2
6HFFLyQ GH %DUUDQFRV GH OD SURJUDPDFLyQ GH DFWLYLGDGHV GH 3HxD *XDUD 3DUD SDUWLFLSDU HQ ODV DFWLYLGDGHV GH VHFFLyQ EDUUDQFRV HV REOLJDWRULR HVWDU HQ SRVHVLyQ GH OD WDUMHWD GH IHGHUDGR GH 0RQWDxD R (VSHOHRORJtD GHO DxR HQ FXUVR \ FRQ FREHUWXUD SDUD HVWD PRGDOLGDG GHSRUWLYD (O SDUWLFSDQWH GHEH GLVSRQHU GHO PDWHULDO \ HTXLSR LQGLYLGXDO 3OD]DV OLPLWDGDV /DV LQVFULSFLRQHV SDUD FDGD H[FXUVLyQ VH UHDOL]DUiQ HQ OD VHGH VRFLDO GHO FOXE ORV PLpUFROHV DQWHULRUHV D OD VDOLGD GHVGH ODV K KDVWD ODV K (Q FDVR GH QR SRGHU DVLVWLU D OD UHXQLyQ GH RUJDQL]DFLyQ GH FDGD VDOLGD SRGUiV SRQHUWH HQ FRQWDFWR WHOHIyQLFR FRQ ORV FRRUGLQDGRUHV GH FDGD VDOLGD 0iV LQIRUPDFLyQ
3(f$ *8$5$ ZZZ S JXDUD FRP
;, 752)(2 '( 6$1 9,&(17( '( 7,52 '( %$55$ $5$*21(6$ $ ODV K HQ HO 3DUTXH 0LJXHO 6HUYHW 0iV LQIRUPDFLyQ
$' '( -8(*26 75$',&,21(6 $/72$5$*21(6(6
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
;;;9 75,$/ '( 6$1 9,&(17(
$ ODV K HQ ODV SUR[LPLGDGHV GH +XHVFD \ 7LHU] 'HQWUR GH OD SURJUDPDFLyQ GH 6DQ 9LFHQWH 0iV LQIRUPDFLyQ
3(f$ 0272&,&/,67$ 26&(16(
587$ $=$5$ $=/25 3(5$/7,//$
5XWD HQ HO PDUFR GH OD DFWLYLGDG /D 3URYLQFLD SDVR D SDVR GHO &OXE GHSRUWLYR 3HxD *XDUD ,PSUHVFLQGLEOH VHU VRFLR D GH 3HxD *XDUD \ HVWDU IHGHUDGR D ,QVFULSFLyQ HO PLpUFROHV DQWHULRU HQ ORV ORFDOHV GHO &OXE 0iV LQIRUPDFLyQ
3(f$ *8$5$ ZZZ S JXDUD FRP
),(67$ /2&$/ '(/ '(3257( 26&(16(
(O $XGLWRULR GHO 3DODFLR GH &RQJUHVRV YXHOYH D DFRJHU OD )LHVWD GHO 'HSRUWH /RFDO 2VFHQVH TXH VH FHOHEUD FRQ HO ILQ GH UHFRQRFHU HO WUDEDMR \ R ORV PpULWRV GH ODV SHUVRQDV ORV GHSRUWLVWDV DVRFLDFLRQHV \ HQWLGDGHV TXH GLUHFWD R LQGLUHFWDPHQWH KDQ IDYRUHFLGR HO GHVDUUROOR GHO GHSRUWH HQ OD FLXGDG GH +XHVFD GXUDQWH HO DxR 0iV LQIRUPDFLyQ
3$7521$72 081,&,3$/ '( '(3257(6 $<72 +8(6&$ ZZZ KXHVFD HV
75$9(6Ì$ /$6&8$55( %(1$%$55(
7UDYHVtD RUJDQL]DGD SRU HO &OXE GHSRUWLYR 3HxD *XDUD HQ HO PDUFR GH VX DFWLYLGDG ´7XULVPR SRU HO $OWR$UDJyQµ ,QVFULSFLyQ HO PLpUFROHV DQWHULRU D FDGD WUDYHVtD HQ KRUDULR GH D K HQ ORV ORFDOHV GHO &OXE /D LQVFULSFLyQ WHOHIyQLFD HV WDPELpQ SRVLEOH OOHYDQGR LPSOtFLWR HO SDJR GH OD H[FXUVLyQ HQ HO DXWRE~V ,PSUHVFLQGLEOH HVWDU HQ SRVHVLyQ GH OD WDUMHWD DQXDO GH IHGHUDGR HQ PRQWDxD \ ORV DV PHQRUHV GH DxRV WUDHU SHUPLVR SDWHUQR $QWHV GH OD IHFKD GH LQVFULSFLyQ VH H[KLELUi HQ HO WDEOyQ GH DQXQFLRV GHO &OXE \ HQ ZZZ S JXDUD FRP LQIRUPDFLyQ VREUH HO LWLQHUDULR ORQJLWXG \ GHVQLYHO DSUR[LPDGRV 0iV LQIRUPDFLyQ
3(f$ *8$5$ ZZZ S JXDUD FRP
)(5,$6 &21*5(626 (;32 +8(6&$
'HO DO GH IHEUHUR OD 6DOD 3ROLYDOHQWH GHO 3DODFLR GH &RQJUHVRV \ ([SRVLFLRQHV GH OD FDSLWDO RVFHQVH DFRJH OD FHOHEUDFLyQ GH OD VHJXQGD HGLFLyQ GH ([SR +XHVFD )HULD GH &RPHUFLR \ 6HUYLFLRV /D SULPHUD IHULD VH FRQYLUWLy HQ HO PD\RU HVFDSDUDWH FRPHUFLDO GH OD FLXGDG DVt FRPR HQ XQ SXQWR GH HQFXHQWUR GH UHIHUHQFLD SDUD ORV YHFLQRV \ YLVLWDQWHV /RV H[FHOHQWHV UHVXOWDGRV REWHQLGRV SRU OD PD\RUtD GH ORV H[SRVLWRUHV OHV KD DQLPDGR D UHSHWLU \ OD PXHVWUD HVWDUi DO GH RFXSDFLyQ GDQGR SUHIHUHQFLD D ODV HPSUHVDV \ FRPHUFLRV GH OD ]RQD ([SR +XHVFD MXQWR FRQ HO UHVWR GH FHUWiPHQHV IHULDOHV \D FHOHEUDGRV \ RWURV HQ SUR\HFWR FRQYLHUWHQ D OD FLXGDG GH +XHVFD HQ XQ UHIHUHQWH GHVWDFDGR HQ OD RUJDQL]DFLyQ GH IHULDV HQ $UDJyQ 0iV LQIRUPDFLyQ
(9(1726 6 &
,',20$6 7(578/,$6 (1 ,1*/e6 7RGRV ORV MXHYHV D SDUWLU GH ODV K HQ &KDUDGD 0iV LQIRUPDFLyQ
&+$5$'$ ZZZ KDUDGDFDIH HV FKDUDGDFDIH EORJVSRW FRP
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
/,7(5$5,$6 7$//(5 62%5( &20(',$ 520É17,&$
,PSDUWLGR SRU -$9,(5 6É1&+(= %/$6&2 OLFHQFLDGR HQ )LORORJtD ,QJOHVD 9LHUQHV GH HQHUR D ODV K HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR (O &KLFN /LW /LWHUDWXUD SDUD FKLFDV \ OD FRPHGLD URPiQWLFD FHQWUDUiQ HVWH VHPLQDULR TXH WHQGUi XQD QXHYD VHVLyQ HO GH IHEUHUR 0iV LQIRUPDFLyQ
$62&,$&,Ð1 $9(/(75$ DYHOHWUD#JPDLO FRP
&/8% '( /(&785$ 6(1'(5 0$5Ì$ %21,7$
9LHUQHV GH HQHUR D ODV K HQ OD %LEOLRWHFD 0XQLFLSDO ´5DPyQ - 6HQGHUµ (QWUDGD OLEUH SUHYLD LQVFULSFLyQ 5HXQLyQ PHQVXDO GH OHFWRUHV DGXOWRV SDUD FRPHQWDU OLEURV OHtGRV HQ FDVD ´0DUtD %RQLWDµ GH ,JQDFLR 0DUWtQH] GH 3LVyQ 0iV LQIRUPDFLyQ
%,%/,27(&$ 0813$/ 5$0Ð1 - 6(1'(5 LQIR#ELEOLRWHFDV KXHVFD HV
&$)e /,7(5$5,2
(Q OD ELEOLRWHFD 'XUiQ *XGLRO HO SULPHU PLpUFROHV GH FDGD PHV D ODV K 6HVLRQHV HQ WRUQR D XQ FDIp SDUD FRPHQWDU LGHDV UHFRPHQGDFLRQHV GH OLEURV QRYHGDGHV HGLWRULDOHV DXWRUHV DQpFGRWDV OLWHUDULDV HWF $FWLYLGDG JUDWXLWD FRQ LQVFULSFLyQ SUHYLD 0iV LQIRUPDFLyQ
5e48,(0 325 /26 48( (67É1 325 9(1,5
3UHVHQWDFLyQ GHO OLEUR GH -25*( '(35$ GH OD (GLWRULDO 7URSR $ ODV K HQ OD /LEUHUtD $QyQLPD &RQ OD LQWHUYHQFLyQ GHO HVFULWRU \ HGLWRU 2VFDU 6LSiQ 0iV LQIRUPDFLyQ
/,%5(5Ì$ $1Ð1,0$ &DEHVWDQ\ 0DLO LQIR#OLEUHULDDQRQLPD HV ZHE ZZZ OLEUHULDDQRQLPD HV
+,6725,$6 '( 68-(7$'25(6
3UHVHQWDFLyQ GHO OLEUR GH $QDEHO &RQVHMR $ ODV K HQ OD /LEUHUtD 6DQWRV 2FKRD 0iV LQIRUPDFLyQ
/,%5(5Ì$ 6$1726 2&+2$
7$//(5 32(7$6 $5$*21(6(6
7DOOHU ´3RHWDV DUDJRQHVHVµ D FDUJR GH -(6Ô6 257,= /RV GtDV \ GH IHEUHUR D ODV K HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR 0iV LQIRUPDFLyQ
$62&,$&,Ð1 $9(/(75$ DYHOHWUD#JPDLO FRP
0Ô6,&$ (5/ 3/$67,&
$ SDUWLU GH ODV K HQ )ORZ 0LFURFOXE 0iV LQIRUPDFLyQ
)/2: 0,&52&/8% 5ROGiQ IORZPLFURFOXE#\DKRR HV IDFHERRN FRP IORZPLFURFOXE
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
;; &(57$0(1 '( -27$ ´&,8'$' '( +8(6&$µ
$ ODV + HQ HO $XGLWRULR GHO 3DODFLR GH &RQJUHVRV 2UJDQL]DGR SRU OD $VRFLDFLyQ &XOWXUDO $FRUGDQ]D VH LQVFULEH HQ HO PDUFR GH ODV ILHVWDV GH 6DQ 9LFHQWH )LQDO GHO &HUWDPHQ HQ ODV FDWHJRUtDV LQIDQWLO MXYHQLO \ GH DGXOWRV (QWUDGD ~QLFD ½ 0iV LQIRUPDFLyQ
3XEOLFDFLyQ 5$'$5 ZZZ KXHVFD HV
$8',2&/$8',2
$ SDUWLU GH ODV K HQ )ORZ 0LFURFOXE 0iV LQIRUPDFLyQ
)/2: 0,&52&/8% 5ROGiQ IORZPLFURFOXE#\DKRR HV IDFHERRN FRP IORZPLFURFOXE
'- ,.(5
$ ODV K HQ -XDQ 6HEDVWLiQ %DU 0iV LQIRUPDFLyQ
-8$1 6(%$67,É1 %$5 ZZZ MXDQVHEDVWLDQEDU HV
0Ô6,&$ (1 (/ &$6,12
$ ODV K 6DOyQ $]XO GHO &tUFXOR 2VFHQVH &RQFLHUWR GH SHUFXVLyQ D FDUJR GH DOXPQRV \ SURIHVRUHV GHO &RQVHUYDWRULR GH +XHVFD FRRUGLQDGR SRU OD SURIHVRUD %ODQFD *DVFyQ (QWUDGD OLEUH 0iV LQIRUPDFLyQ
&Ì5&8/2 26&(16( ² &$6,12 '( +8(6&$
3(5&86,Ð1
$ ODV K HQ HO 6DOyQ $]XO GHO &tUFXOR 2VFHQVH &RQFLHUWR GH SHUFXVLyQ SRU DOXPQRV \ SURIHVRUHV GHO &RQVHUYDWRULR 3URIHVLRQDO GH 0~VLFD GH +XHVFD 0iV LQIRUPDFLyQ
&Ì5&8/2 26&(16(
%(51$'(77$ 5$$7=
$ ODV K HQ OD '3+ 3LDQR &LFOR )UDQ] /LVW 0iV LQIRUPDFLyQ
2%5$ 62&,$/ &$, 6(59,&,2 &8/785$/
&$7$780%2
-D]] $ ODV K HQ -XDQ 6HEDVWLiQ %DU 0iV LQIRUPDFLyQ
-8$1 6(%$67,É1 %$5 ZZZ MXDQVHEDVWLDQEDU HV
5,702 .,.(0É1
$ SDUWLU GH ODV K HQ & + 0iV LQIRUPDFLyQ
& + 5ROGiQ
%8''<
$ SDUWLU GH ODV K HQ & + 0iV LQIRUPDFLyQ
& + 5ROGiQ
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
'20$'25
$ ODV K HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR 3UHVHQWDFLyQ GH VX ~OWLPR WUDEDMR GLVFRJUiILFR 7HyULFDPHQWH ,PSHUIHFWD HGLWDGR SRU HO VHOORD DUDJRQpV LQGHSHQGLHQWH .LQJ RI 3DWLR 5HFRUGV $ ODV K HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR (QWUDGD ½ WDTXLOOD ½ DQWLFLSDGD ½ HQ WDTXLOOD FRQ 7DUMHWD &XOWXUDO 7DUMHWD &XOWXUDO %iVLFD FDUQHW MRYHQ \ WDUMHWD GH OD 5$(( R DQWLFLSDGD FRQ WDUMHWD &$, ½ DQWLFLSDGD FRQ 7DUMHWD &XOWXUDO 0iV LQIRUPDFLyQ
'20$'25 ZZZ P\VSDFH FRP GRPDGRU
&6 6& 7+( $// 67$5
%DQGD 7ULEXWR $& '& &+5,6 6/$'( 67((/ &,5&/( &8$572 26&852 $ ODV HQ HO -DL $ODL (QWUDGD ½ VRFLRV ½ DQWLFLSDGD ½ WDTXLOOD 0iV LQIRUPDFLyQ
3(f$ 5(&5($7,9$ $/(*5Ì$ /$85(17,1$ ZZZ DOHJULDODXUHQWLQD RUJ
),(67$ 35( 26&$6$/6$
$ ODV K HQ &KDUDGD 0iV LQIRUPDFLyQ
&+$5$'$ ZZZ FKDUDGDFDIH HV FKDUDGDFDIH EORJVSRW FRP
3$%/26.,
$ SDUWLU GH ODV K HQ & + 0iV LQIRUPDFLyQ
& + 5ROGiQ
2&,2 < 7,(032 /,%5( 9(1 $ %$,/$5 &21 :,.,
(O ViEDGR GH HQHUR YLVLWD HO = XQR GH ORV SDUWLFLSDQWHV GH OD WHUFHUD HQWUHJD GHO SURJUDPD GH WHOHYLVLyQ )DPD $ %DLODU (QWUH ODV K \ ODV K UHDOL]DUi LPSURYLVDFLRQHV FRQ ORV DVLVWHQWHV PiV DWUHYLGRV \ QRV GDUi GRV PXHVWUDV GH VX EDLOH $GHPiV HVWDUi FRQ WRGRV YRVRWURV DV SDUD FRQRFHURV ILUPDU DXWyJUDIRV \ GDURV XQD SHTXHxD OHFFLyQ GH EDLOH $GHPiV GXUDQWH HO PHV GH HQHUR SXHGHV YHQLU D FRQIHFFLRQDUWH WXV SURSLDV FKDSDV \ D HVFXFKDU D QXHVWUR QXHYR 'M UHVLGHQWH '- /$0$ 1R WH OR SXHGHV SHUGHU 0iV LQIRUPDFLyQ
= = KXHVFD EORJVSRW FRP
=
6iEDGR GH IHEUHUR '- /DPD 7DOOHU GH &DUQDYDO 7RGRV ORV ViEDGRV GH K D K (QWUDGD OLEUH $FWLYLGDGHV SDUD MyYHQHV GH D DxRV 6DOD GH 5HFUHDWLYRV SLQJ SRQJ DLU KRFNH\ IXWEROLQHV ELOODU 3OD\VWDWLRQ NDUDRNH ZLL YLGHRSUR\HFFLRQHV ILHVWDV FRQFLHUWRV FKLOO RXW SLVWD GH EDLOH WDOOHUHV H[SRVLFLRQHV FRQH[LyQ D ,QWHUQHW EDUUD OLJKW £\ OR TXH W~ SURSRQJDV 0iV LQIRUPDFLyQ
= 3DGUH +XHVFD KWWS ] KXHVFD EORJVSRW FRP
6(0,1$5,2
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
'(%$7(6 )(0,1,67$6 $&78$/(6
3RU -XVWD 0RUHQR GH OD &RRUGLQDGRUD (VWDWDO )HPLQLVWD 'H + $ K HQ HO && 6DQWLDJR (VFDUWtQ 'LULJLGR D PXMHUHV TXH SDUWLFLSDQ HQ PRYLPLHQWRV VRFLDOHV FROHFWLYRV SDUWLGRV VLQGLFDWRV \ R PXMHUHV FRQ FRPSURPLVR IHPLQLVWD 0iV LQIRUPDFLyQ
&2/(&7,92 '( 08-(5(6 )(0,1,67$6 IHPLQLVWDV KXHVFD#QRGR RUJ
7($752 '$1=$ 021Ð/2*26 325 /$ %(1(),&(1&,$
$ ODV K HQ &KDUDGD 0iV LQIRUPDFLyQ
&+$5$'$ ZZZ KDUDGDFDIH HV FKDUDGDFDIH EORJVSRW FRP
(/ &8$572 (1 48( 6( 9,9(
'H *UDKDP *UHHQH /RV GtDV \ GH IHEUHUR D ODV K HQ HO &HQWUR &XOWXUDO ,EHUFDMD 'HQWUR GH OD SURJUDPDFLyQ $8/$ '( 7($752 < 32(6Ì$ 0iV LQIRUPDFLyQ
&(1752 &8/785$/ ,%(5&$-$ 'XTXHVD 9LOODKHUPRVD 7HO PDLO FFKXHVFD#LEHUFDMDREUDVRFLDO RUJ
(/ &$67,*2 6,1 9(1*$1=$
'H /RSH GH 9HJD ,QWHUSUHWDGD SRU 5$.$7É 7($752 9LHUQHV GH IHEUHUR D ODV K HQ HO 7HDWUR 2OLPSLD 3URJUDPDFLyQ 2OLPSLD &ODVVLF ,,, )HVWLYDO GH 7HDWUR &OiVLFR (QWUDGD ½ SODWHD ½ DQILWHDWUR ½ SODWHD FRQ 7DUMHWD &XOWXUDO \ ½ DQILWHDWUR FRQ 7DUMHWD &XOWXUDO 0iV LQIRUPDFLyQ
7($752 2/,03,$ &RVR $OWR Q ZZZ WHDWUR ROLPSLD HV
92/817$5,$'2 352*5$0$ &,%(592/817$5,26
3URJUDPD GH YROXQWDULDGR HQ QXHYDV WHFQRORJtDV TXH SHUPLWH D ORV FLXGDGDQRV DV PD\RUHV GH HGDG R D SDUWLU GH DxRV FRQ DXWRUL]DFLyQ SDWHUQD PDWHUQD FRODERUDU HQ DFFLRQHV UHODFLRQDGDV FRQ OD GLIXVLyQ \ IRUPDFLyQ GH LQIRUPiWLFD H LQWHUQHW $&&,21(6 '( ',1$0,=$&,Ð1 'tD GH ,QWHUQHW DSR\R HQ ODV DFFLRQHV IRUPDWLYDV *XLULE\WH DSR\R HQ WDOOHUHV $/)$%(7,=$&,Ð1 ',*,7$/ DSR\R HQ WDOOHUHV GH LQLFLDFLyQ 6(59,&,2 '( 2),0É7,&$ (1 /$ %,%/,27(&$ ,1)$17,/ < $'8/726 5$0Ð1 - 6e1'(5 DSR\R \ RULHQWDFLyQ HQ HO XVR GH SURJUDPDV RILPiWLFRV H ,QWHUQHW D ORV XVXDULRV PiV QHFHVLWDGRV 0iV LQIRUPDFLyQ
%,%/,27(&$6 081,&,3$/(6 '( +8(6&$ &RUUHR H LQIRELEOLRWHFDV#KXHVFD HV ZHE ZZZ KXHVFD HV
$&7,9,'$'(6 '(/ '( (1(52 $/ '( )(%5(52 '(
352*5$0$ %,%/,292/817$5,26
HV XQ SRURJUDPD GH YROXQWDULDGR FXOWXUDO TXH SHUPLWH D ORV FLXGDGDQRV DV PD\RUHV GH HGDG R D SDUWLU GH DxRV FRQ DXWRUL]DFLyQ SDWHUQD PDWHUQD FRODERUDU HQ DFFLRQHV UHODFLRQDGDV FRQ OD OHFWXUD OD OLWHUDWXUD X RWUDV DFFLRQHV GH GLQDPL]DFLyQ SURPRYLGDV SRU ODV ELEOLRWHFDV PXQLFLSDOHV GH +XHVFD 352*5$0$ 'e-$0( 48( 7( &8(17( UHDOL]DU OHFWXUDV D JUXSRV R LQGLYLGXRV FRQ ODV FRPSHWHQFLDV OHFWRUDV OLPLWDGDV SHUVRQDV PD\RUHV GLVFDSDFLWDGRV LQPLJUDQWHV HWF (Q VHVLRQHV GH XQD KRUD VHPDQDO &2/$%25$&,Ð1 (1 $&&,21(6 38178$/(6 '( ',1$0,=$&,Ð1 FRQFXUVRV WDOOHUHV DQLYHUVDULRV IHVWLYDOHV UDVWULOORV HWF 35(67$02 '( /,%526 $ &2/(&7,926 '(6)$925(&,'26 0iV LQIRUPDFLyQ
%,%/,27(&$6 081,&,3$/(6 '( +8(6&$ &RUUHR H LQIRELEOLRWHFDV#KXHVFD HV ZHE ZZZ KXHVFD HV
BB(;326,&,21(6 '(/ '( (1(52 $/ '( )(%5(52 '(
&223(5$&,Ð1 (1 É)5,&$BB
+DVWD HO GH HQHUR GH HQ OD (VFXHOD 8QLYHUVLWDULD GH (VWXGLRV (PSUHVDULDOHV
0iV LQIRUPDFLyQ &$0386 81,9(56,7$5,2 '( +8(6&$ 7HO ([W FXOFRPKX#XQL]DU HV KWWS KXHVFD XQL]DU HV
/,(1=26 85%$126 $'5,É /$18=$BB
+DVWD HO GH HQHUR GH HQ HO 3DODFLR GH 9LOODKHUPRVD
0iV LQIRUPDFLyQ &(1752 &8/785$/ '( ,%(5&$-$ ² 3$/$&,2 '( 9,//$+(5026$
,163,5$&,Ð1 $8525$ 62/$1$6BB
+DVWD HO GH HQHUR GH HQ HO 3DODFLR GH 9LOODKHUPRVD
0iV LQIRUPDFLyQ (63$&,2 ,%(5&$-$ &$67,//2 '( 0217($5$*Ð1
$48Ì +8,',=2 ,6,'52 %/$6&2BB
+DVWD HO GH HQHUR GH HQ OD '3+
0iV LQIRUPDFLyQ ',387$&,Ð1 3529,1&,$/ +8(6&$ ZZZ GSKXHVFD HV
352'8&&,Ð1 &,(17Ì),&$ '(/ 352)(625$'2 '( /$ (6&8(/$ 32/,7e&1,&$ 683(5,25 '( +8(6&$BB
+DVWD HO GH HQHUR GH HQ OD (VFXHOD 3ROLWpFQLFD 6XSHULRU GH +XHVFD ([SRVLFLyQ GH OLEURV DUWtFXORV \ RWUDV SXEOLFDFLRQHV FX\RV DXWRUHV VRQ SURIHVRUHV GH OD (36
0iV LQIRUPDFLyQ &$0386 81,9(56,7$5,2 '( +8(6&$ 7HO ([W FXOFRPKX#XQL]DU HV KWWS KXHVFD XQL]DU HV
-2$48Ì1 )(55(5BB
'HO GH HQHUR DO GH IHEUHUR HQ OD 6DOD GH ([SRVLFLRQHV &$, SULPHUD SODQWD
0iV LQIRUPDFLyQ 2%5$ 62&,$/ &$, 6(59,&,2 &8/785$/ &RVR $OWR 7HO
/8&(51$5,2 '( 272f2BB
'HVGH HO GH IHEUHUR HQ OD 6DOD GH $)272
0iV LQIRUPDFLyQ $62&,$&,Ð1 $9(/(75$ DYHOHWUD#JPDLO FRP
2/' )8785( 8%eBB
+DVWD HO GH IHEUHUR HQ OD &DIHWHUtD *DUDEDWR
0iV LQIRUPDFLyQ &$)(7(5Ì$ *$5$%$72
'( 72'2 &25$=Ð1 0$5,%(/ 5(<BB
+DVWD HO GH IHEUHUR HQ OD VDOD GH H[SRVLFLRQHV GHO &HQWUR 5DtFHV
0iV LQIRUPDFLyQ 3XEOLFDFLyQ 5$'$5 ZZZ KXHVFD HV
81 3/$1(7$ 3$5$ 62f$5 -$12 (6&8(5BB
+DVWD HO GH IHEUHUR HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR
0iV LQIRUPDFLyQ 3XEOLFDFLyQ 5$'$5 ZZZ KXHVFD HV
(/ %$55,2 (1 81 $7/$6 0$/$%$5(6BB
BB(;326,&,21(6 '(/ '( (1(52 $/ '( )(%5(52 '(
+DVWD HO GH IHEUHUR HQ HO &HQWUR &tYLFR 6DQWLDJR (VFDUWtQ
0iV LQIRUPDFLyQ É5($ '( ,*8$/'$' ² $<72 +8(6&$ ZZZ KXHVFD HV
;9, &21&8562 )272*5É),&2 ´&$0386 '( +8(6&$µBB
+DVWD HO GH IHEUHUR HQ OD )DFXOWDG GH &LHQFLDV +XPDQDV \ GH OD (GXFDFLyQ
0iV LQIRUPDFLyQ )$&8/7$' '( &,(1&,$6 +80$1$6 < '( /$ ('8&$&,Ð1
3,1785$6 < )5$*0(1726 *5832 6(9(1 /2)7BB
'HO DO GH IHEUHUR HQ 0XOWLFDMD
0iV LQIRUPDFLyQ (63$&,2 08/7,&$-$
0$5&$3É*,1$6BB
'HO DO GH IHEUHUR HQ HO &HQWUR &tYLFR 6DQWLDJR (VFDUWtQ
0iV LQIRUPDFLyQ && 6$17,$*2 (6&$57Ì1
/$ 7,(55$ '(6'( (/ (63$&,2 ,0É*(1(6 '( 6$7e/,7(BB
'HO DO GH IHEUHUR HQ HO 3DODFLR GH 9LOODKHUPRVD
0iV LQIRUPDFLyQ &(1752 &8/785$/ '( ,%(5&$-$ ² 3$/$&,2 '( 9,//$+(5026$
&$57(/(6 '( &$51$9$/BB
'HO GH IHEUHUR DO GH PDU]R HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR
0iV LQIRUPDFLyQ 3XEOLFDFLyQ 5$'$5 ZZZ KXHVFD HV
352<(&726 3$5$ (/ &'$1 $/%(57 *86,BB
+DVWD HO GH PDU]R GH HQ HO &HQWUR 'H $UWH \ 1DWXUDOH]D &'$1
0iV LQIRUPDFLyQ &'$1 &(1752 '( $57( < 1$785$/(=$ $YG 'RFWRU $UWHUR V Q +XHVFD 7HO LQIR#FGDQ HV ZZZ FGDQ HV
&$50(1 $5(1$6BB
'HO GH IHEUHUR DO GH PDU]R HQ OD 6DOD GH ([SRVLFLRQHV &$, SULPHUD SODQWD
0iV LQIRUPDFLyQ 2%5$ 62&,$/ &$, 6(59,&,2 &8/785$/ &RVR $OWR 7HO
35(0,2 '( 3,1785$ '( /$ '(/(*$&,Ð1 '(/ *2%,(512 (1 $5$*Ð1 BB
'HO GH IHEUHUR DO GH PDU]R HQ HO 3DODFLR GH 9LOODKHUPRVD
0iV LQIRUPDFLyQ &(1752 &8/785$/ '( ,%(5&$-$ ² 3$/$&,2 '( 9,//$+(5026$
(6&(1$5,26 '( &21'8&7$ '$9,' /$7255(BB
'HO GH IHEUHUR DO GH DEULO HQ HO &HQWUR &XOWXUDO GHO 0DWDGHUR \ '3+ (Q HO && 0DWDGHUR VyOR KDVWD HO GH PDU]R
0iV LQIRUPDFLyQ 3XEOLFDFLyQ 5$'$5 ZZZ KXHVFD HV
&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
$57(6 *5É),&$6 ,,, &8562 '( ',6(f2 < &2081,&$&,Ð1 (O FXUVR GH 'LVHxR \ &RPXQLFDFLyQ SDUWH GH OD LGHD GH TXH HO GLVHxR JUiILFR \ OD IRWRJUDItD HV XQD IRUPD GH FRPXQLFDFLyQ YLVXDO XQ SURFHVR D WUDYpV GHO FXDO SUR\HFWDPRV FRRUGLQDPRV VHOHFFLRQDPRV \ RUJDQL]DPRV XQD VHULH GH HOHPHQWRV SDUD FUHDU REMHWRV YLVXDOHV GHVWLQDGRV D FRPXQLFDU PHQVDMHV HVSHFtILFRV D JUXSRV GHWHUPLQDGRV (O FXUVR WHQGUi OXJDU HQ OD $OPXQLD =DUDJR]D \ HVWi RUJDQL]DGR SRU HO ,$- /DV IHFKDV GH UHDOL]DFLyQ VRQ ORV GtDV \ GH IHEUHUR GH 'LULJLGR D MyYHQHV HQWUH \ DxRV GH HGDG FRQ LQTXLHWXGHV FUHDWLYDV UHODFLRQDGDV FRQ HO PXQGR GH OD LPDJHQ FRQ XQD IRUPDFLyQ DGHFXDGD HQ ORV FRQFHSWRV UHODWLYRV D OD VLQWD[LV GH OD LPDJHQ \ FRQ XQ PDQHMR GH ORV SURJUDPDV GH HGLFLyQ GH LPDJHQ GH XQ QLYHO PHGLR 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ ', KWWS GLWUHV EORJVSRW FRP ,167,7872 $5$*21e6 '( /$ -89(178'
'$1=$ 7$//(5 *5$78,72 %,2'$1=$ 7DOOHU GHPRVWUDFLyQ HQ HO TXH D WUDYpV GHO PRYLPLHQWR OD GDQ]D \ P~VLFDV FXLGDGRVDPHQWH VHOHFFLRQDGDV SRWHQFLDPRV OD YLWDOLGDG OD FUHDWLYLGDG OD DIHFWLYLGDG HO HURWLVPR \ OD WUDVFHQGHQFLD FRQVLJXLHQGR DO ILQDO GH FDGD VHVLyQ XQD HOHYDFLyQ GH QXHVWUR tPSHWX YLWDO ,PSDUWLGR SRU %HDWUL] %HQDEDUUH -XHYHV GH IHEUHUR D ODV K HQ (VSDFLR 'DQ]D 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ (63$&,2 '$1=$ 7HO ZZZ HVSDFLRGDQ]D FRP
'(3257(6 (6&8(/$ 081,&,3$/ '( (648Ì $/3,12 (VWD DFWLYLGDG HV SDUD QLxRV GH D DxRV FRQ SRVLELOLGDG GH KDVWD ORV DxRV FRQVWD GH XQ SURJUDPD GH HQVHxDQ]D LQWHQVLYD GH ODV WpFQLFDV GH HVTXt DOSLQR HQIRFDGDV D OD FRPSHWLFLyQ (Q FDGD MRUQDGD VH GHVDUUROODUiQ KRUDV GH FODVHV LPSDUWLGDV SRU SURIHVRUHV GH OD (VFXHOD GH (VTXt GH )RUPLJDO )HFKDV GH HQHUR GH IHEUHUR GH PDU]R \ GH DEULO 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 3(f$ *8$5$ ZZZ S JXDUD FRP R HQ ORV ORFDOHV GHO &OXE
(6&8(/$ '( (648Ì '( )21'2 (VWi GHVWLQDGD SDUD WRGRV DTXHOORV QLxRV FX\DV HGDGHV HVWpQ FRPSUHQGLGDV HQWUH ORV \ DxRV &RQVWDUi GH MRUQDGDV GH HVTXt HQ ODV TXH VH LPSDUWLUiQ KRUDV GH FODVH SRU GtD /D DFWLYLGDG VH GHVDUUROODUi HQ OD HVWDFLyQ GH HVTXt GH IRQGR ´/H 6RPSRUWµ \ HO GHVSOD]DPLHQWR KDVWD OD PLVPD VHUi HQ DXWRE~V (VWH VDOGUi D ODV KRUDV GH OD (VWDFLyQ ,QWHUPRGDO SDUD LQLFLDU HO UHJUHVR GH ´/H 6RPSRUWµ D ODV KRUDV (O PDWHULDO QHFHVDULR SDUD UHDOL]DU OD DFWLYLGDG VH SRGUi DOTXLODU HQ OD PLVPD HVWDFLyQ D XQ SUHFLR PX\ YHQWDMRVR 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 3(f$ *8$5$ ZZZ S JXDUD FRP R HQ ORV ORFDOHV GHO &OXE
&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
&856,//26 '( ,1,&,$&,Ð1 < 3(5)(&&,21$0,(172 '( (648Ì '( )21'2 6H GHVDUUROODUiQ HQ OD HVWDFLyQ GH ´/H 6RPSRUWµ /D GXUDFLyQ GH ODV FODVHV VHUi GH WUHV KRUDV FDGD GtD HQ ODV TXH VH HQVHxDUi OD WpFQLFD FOiVLFD \ SDWLQDGRU HQ FDGD XQR GH ORV QLYHOHV (Q FDVR GH TXH VH FXEUDQ XQ PtQLPR GH SOD]DV VH IOHWDUi XQ DXWRE~V SRU SDUWH GHO FOXE )HFKDV HU &XUVR \ GH (QHUR &XUVR GH )HEUHUR \ GH 0DU]R 5HXQLyQ LQIRUPDWLYD HO YLHUQHV GH DQWHV GHO FRPLHQ]R GHO FXUVR D ODV KRUDV HQ HO &OXE 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 3(f$ *8$5$ ZZZ S JXDUD FRP R HQ ORV ORFDOHV GHO &OXE
&856,//26 '( ,1,&,$&,Ð1 < 3(5)(&&,21$0,(172 '( (648Ì '( 3,67$ VH UHDOL]DUiQ HQ OD HVWDFLyQ GH HVTXt GH )RUPLJDO HQ ODV VLJXLHQWHV IHFKDV ViEDGRV GtDV \ GH IHEUHUR IHFKD OtPLWH GH LQVFULSFLyQ GH IHEUHUR \ \ GH PDU]R IHFKD OtPLWH LQVFULSFLyQ GH PDU]R $O LQVFULELUVH ORV FXUVLOOLVWDV GHEHUiQ FRPXQLFDU VX QLYHO GH HVTXt SDUD SRGHU LQFOXLUORV HQ HO JUXSR DGHFXDGR GH IRUPDFLyQ (O KRUDULR GH ODV FODVHV VHUi GH D KRUDV LPSDUWLpQGRVH XQ WRWDO GH KRUDV GH SUiFWLFDV (O SURIHVRUDGR OR IRUPDUiQ PRQLWRUHV GH OD (VFXHOD GH (VTXt GH )RUPLJDO /D HGDG PtQLPD DGPLWLGD HV HQWUH \ DxRV 35(&,26 ,QIDQWLOHV KDVWD DxRV 6yOR &ODVHV ½ &ODVHV )RUIDLW ½ &ODVHV )RUIDLW %XV ½ 5HVWR GHVGH DxRV HQ DGHODQWH 6yOR &ODVHV ½ &ODVHV )RUIDLW ½ &ODVHV )RUIDLW %XV ½ (Q HO SUHFLR GHO FXUVR HVWiQ LQFOXLGRV ORV DERQRV GH ORV GtDV GH HVTXt \ ODV KRUDV GH PRQLWRU (O FOXE IDFLOLWDUi HO GHVSOD]DPLHQWR D OD HVWDFLyQ IOHWDQGR XQ DXWRE~V TXH VDOGUi D ODV KRUDV GH OD HVWDFLyQ LQWHUPRGDO (O SUHFLR GH OD SOD]D GHO DXWRE~V QR HVWi LQFOXLGR HQ HO FXUVR \ HV GH ½ (O PDWHULDO QHFHVDULR SDUD HO FXUVR VHUi DSRUWDGR SRU FDGD SDUWLFLSDQWH HQ FDVR GH QR GLVSRQHU GH pO VH SRGUi DOTXLODU HQ OD PLVPD HVWDFLyQ GH HVTXt (V UHFRPHQGDEOH HO XVR GH FDVFR VREUH WRGR SDUD ORV PiV SHTXHxRV /DV LQVFULSFLRQHV VH UHDOL]DUiQ HQ OD VHGH GHO FOXE & 9LFHQWH &DPSR EDMRV D SDUWLU GH ODV GH OD WDUGH (Q HO FDVR GH LQVFULELUVH SRU FRUUHR H VHUi QHFHVDULR FRPXQLFDUQRV XQD FXHQWD EDQFDULD SDUD SDVDU XQ UHFLER \ SRQHUVH HQ FRQWDFWR FRQ ORV UHVSRQVDEOHV GH OD VHFFLyQ GH HVTXt DQWHV GH HPSH]DU HO FXUVLOOR (V UHFRPHQGDEOH PDGUXJDU R XWLOL]DU HO DXWRE~V SDUD HYLWDU OOHJDU WDUGH D ORV FXUVLOORV VLWXDFLyQ TXH VXHOH GDUVH ORV GtDV GH PXFKD DJORPHUDFLyQ HQ OD HVWDFLyQ 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 3(f$ *8$5$ ZZZ S JXDUD FRP
&$03$f$ '( (648Ì '(/ &$51e -29(1 (8523(2 (PSLH]D XQ QXHYR DxR \ YXHOYH OD FDPSDxD GH HVTXt GHO &DUQp -RYHQ (XURSHR TXH SHUPLWH D VXV XVXDULRV DKRUUDUVH KDVWD XQ HVTXLDQGR HQ ODV HVWDFLRQHV DUDJRQHVDV GH $VW~Q \ 3DQWLFRVD /D FDPSDxD DUUDQFD HO SUy[LPR GH HQHUR \ VH SURORQJDUi KDVWD HO GH PDU]R 7RGRV ORV FXUVRV LQFOX\HQ WUDQVSRUWH HQ DXWRFDU GHVSOD]DPLHQWR GLDULR D SLVWDV DORMDPLHQWR HQ UpJLPHQ GH SHQVLyQ FRPSOHWD GRV KRUDV DO GtD FRQ PRQLWRU IRUIDLW \ VHJXUR GH DFFLGHQWHV (O SUHFLR GHO FXUVR GH HVTXt DOSLQR SDUD XVXDULRV GH FDUQp MRYHQ HXURSHR HV GH HXURV OR TXH VXSRQH XQ DKRUUR GHO FRQ UHVSHFWR D ORV TXH QR WHQJDQ HXURV 3RU RWUR ODGR HO FXUVR GH VQRZ WLHQH XQ SUHFLR GH HXURV FRQ FDUQp MRYHQ HXURSHR \ GH HXURV VLQ FDUQp OR TXH VXSRQH XQ DKRUUR GHO (O DOTXLOHU GH PDWHULDO HV RSWDWLYR \ FXHVWD HXURV SDUD HVTXt DOSLQR \ HXURV SDUD VQRZ 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 2),&,1$ '(/ &$51e -29(1 (8523(2 ,QVWLWXWR $UDJRQpV GH OD -XYHQWXG 7HO FRUUHR H LQIR#FDUQHMRYHQ HV ZHE ZZZ FDUQHMRYHQ HV
&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
'(6$552//2 3(5621$/ $57(7(5$3,$ (O GtD GH HQHUR HQ 9LOOD ,VDEHO R )DUPDFLD 0DUUR HQ IXQFLyQ GH ODV SOD]DV KRUDV 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 7HO DQDPRUHQRSXH\R#JPDLO FRP ZZZ SVLFRFRUSRUDO FRP
81$ 18(9$ 9,6,Ð1 '( /$ 9,'$ 6DOyQ GH $FWRV *HQDUR 3R]D (O FXUVR FRQWLQ~D FRQ RWURV WHPDV FDGD MXHYHV D ODV K HQ HO PLVPR OXJDU ,1752'8&&,Ð1 $/ '(6$552//2 +80$12 (/ &212&,0,(172 ,1,&,É7,&2 /$ 36,48,6 < /$6 &$86$6 '(/ 68)5,0,(172 /$ 5(/$&,Ð1 &8(532 0(17( &21Ð&(7( 325 786 68(f26 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 92386 7HO ZHE ZZZ YRSXV RUJ
)250$&,Ð1 3$5$ (/ (03/(2 *(67,Ð1 '( 672&.6 )HEUHUR SRU OD WDUGH $ GLVWDQFLD KRUDV 'LULJXLGR D WUDEDMDGRUHV GHVHPSOHDGRV X RFXSDGRV LQVFULWRV HQ ODV 2ILFLQDV GH (PSOHR GHO ,1$(0 UHVLGHQWHV HQ ORFDOLGDGHV FRQ XQD SREODFLyQ LQIHULRU D KDELWDQWHV 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 2ILFLQD GH (PSOHR & 6DQ -RUJH HVT $Y 0HQpQGH] 3LGDO ² +XHVFD 7HO KWWS SODQ DUDJRQ HV 0DSD5HF QVI *HQHUDO
:(% )HEUHUR SRU OD WDUGH $ GLVWDQFLD KRUDV 'LULJXLGR D WUDEDMDGRUHV GHVHPSOHDGRV X RFXSDGRV LQVFULWRV HQ ODV 2ILFLQDV GH (PSOHR GHO ,1$(0 UHVLGHQWHV HQ ORFDOLGDGHV FRQ XQD SREODFLyQ LQIHULRU D KDELWDQWHV (V QHFHVDULR TXH HO DOXPQR FRQR]FD \ PDQHMH FRQ VROWXUD ,QWHUQHW FRQ VXV KHUUDPLHQWDV IXQGDPHQWDOPHQWH OD QDYHJDFLyQ SRU SiJLQDV ZHE 7DPELpQ HV UHFRPHQGDEOH VL ELHQ QR REOLJDWRULR FRQRFHU DOJXQD WpFQLFD GH SURJUDPDFLyQ GH SiJLQDV ZHE IXQGDPHQWDOPHQWH +70/ \ -DYDVFULSW 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 2ILFLQD GH (PSOHR & 6DQ -RUJH HVT $Y 0HQpQGH] 3LGDO ² +XHVFD 7HO KWWS SODQ DUDJRQ HV 0DSD5HF QVI *HQHUDO
021,725 '( ('8&$&,Ð1 $0%,(17$/ 0DU]R SRU OD PDxDQD $ GLVWDQFLD KRUDV 'LULJXLGR D WUDEDMDGRUHV GHVHPSOHDGRV X RFXSDGRV LQVFULWRV HQ ODV 2ILFLQDV GH (PSOHR GHO ,1$(0 UHVLGHQWHV HQ ORFDOLGDGHV FRQ XQD SREODFLyQ LQIHULRU D KDELWDQWHV 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 2ILFLQD GH (PSOHR & 6DQ -RUJH HVT $Y 0HQpQGH] 3LGDO ² +XHVFD 7HO KWWS SODQ DUDJRQ HV 0DSD5HF QVI *HQHUDO
&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
:(% 0DU]R SRU OD PDxDQD $ GLVWDQFLD KRUDV 'LULJXLGR D WUDEDMDGRUHV GHVHPSOHDGRV X RFXSDGRV LQVFULWRV HQ ODV 2ILFLQDV GH (PSOHR GHO ,1$(0 UHVLGHQWHV HQ ORFDOLGDGHV FRQ XQD SREODFLyQ LQIHULRU D KDELWDQWHV (V QHFHVDULR TXH HO DOXPQR FRQR]FD \ PDQHMH FRQ VROWXUD ,QWHUQHW FRQ VXV KHUUDPLHQWDV IXQGDPHQWDOPHQWH OD QDYHJDFLyQ SRU SiJLQDV ZHE 7DPELpQ HV UHFRPHQGDEOH VL ELHQ QR REOLJDWRULR FRQRFHU DOJXQD WpFQLFD GH SURJUDPDFLyQ GH SiJLQDV ZHE IXQGDPHQWDOPHQWH +70/ \ -DYDVFULSW 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 2ILFLQD GH (PSOHR & 6DQ -RUJH HVT $Y 0HQpQGH] 3LGDO ² +XHVFD 7HO KWWS SODQ DUDJRQ HV 0DSD5HF QVI *HQHUDO
,',20$6 (;É0(1(6 '( /$ 81,9(56,'$' '( &$0%5,'*( 3XHGHV UHDOL]DU ORV H[iPHQHV SDUD REWHQHU ORV WtWXORV GHO ),567 &$( &3( ,/(& \ 7.7 H[LVWHQ WUHV FRQYRFDWRULDV D OR ODUJR GHO DxR HQ GLFLHPEUH PDU]R \ MXQLR /D PDWULFXODFLyQ VH UHDOL]DUi WUHV PHVHV DQWHV GH HVWDV IHFKDV VLHQGR PHGLDGRV GH VHSWLHPEUH SDUD OD FRQYRFDWRULD GH GLFLHPEUH PHGLDGRV GH HQHUR SDUD OD VHJXQGD \ PHGLDGRV GH PDU]R SDUD OD WHUFHUD 6H DFHSWDUiQ PDWUtFXODV SRU RUGHQ GH LQVFULSFLyQ (VWD VH UHDOL]DUi D WUDYpV GH ZZZ IHX] HV ([iPHQHV 8QLYHUVLGDG GH &DPEULGJH 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ )XQG (PSUHVD 8QLY =DUDJR]D 7HO PDLO IHX] IRUP#JOREDOPDLO QHW ZHE ZZZ IHX] HV
0Ô6,&$ &8562 '( ,1752'8&&,Ð1 $ /$ Ð3(5$ WRGRV KHPRV RtGR DULDV GH ySHUD TXH QRV KDQ HPRFLRQDGR HVWDPRV DFRVWXPEUDGRV D TXH DFRPSDxHQ ODV SXEOLFLGDGHV GH OR PiV GLYHUVR \ VDEHPRV TXH DOJ~Q IDPRVR HQWUHQDGRU GH I~WERO OHV SRQH D VXV MXJDGRUHV XQD FLHUWD DULD DQWHV GH ODV ILQDOHV FRQ PX\ EXHQRV UHVXOWDGRV SHUR ¢4Xp HV HVR GH OD ySHUD" &RQ HVWH FXUVR OR GHVFXEULUiV ,PSDUWLGR SRU -XDQ &DUORV *DOWLHU 0LpUFROHV \ GH PDU]R GH K D K HQ HO 7HDWUR 2OLPSLD 0DWUtFXOD ½ LQFOX\H GHVFXHQWHVR HVSHFLDOHV SDUD HO UHFLWDO OtULFR GHO GtD GH PDU]R 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 7($752 2/,03,$ &RVR $OWR Q ZZZ WHDWUR ROLPSLD HV
21 /,1( &20,(1'2 8723Ì$6 35238(67$6 35É&7,&$6 '(6'( /$ $*52(&2/2*Ì$ < /$ 62%(5$1Ì$ $/,0(17$5,$ 8Q FXUVR PX\ FRPSOHWR VREUH 6REHUDQtD $OLPHQWDULD 8Q WHPD GHO TXH KDEOD PXFKD JHQWH SHUR HQ HO TXH VH GHEH VHJXLU SURIXQGL]DQGR \D TXH HV XQ DVXQWR TXH FDGD YH] QRV DIHFWD PiV D WRG#V \ TXH GHWHUPLQDUi HO IXWXUR GH OD DOLPHQWDFLyQ HQ HO SODQHWD VREUH ODV EDVHV GH OD HTXLGDG OD MXVWLFLD \ OD VREHUDQtD 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ (&2/2*,67$6 (1 $&&,Ð1 IRUPDFLRQ#HFRORJLVWDVHQDFFLRQ RUJ ZZZ HFRORJLVWDVHQDFFLRQ RUJ FXUVR RQ OLQH
&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
086,&27(5$3,$ (O REMHWLYR SULQFLSDO GH HVWH FXUVR HV VHUYLU FRPR KHUUDPLHQWD SDUD GLVWLQWRV SURIHVLRQDOHV SDUD FRPSUHQGHU OD P~VLFD \ ORV HIHFWRV TXH HVWD SURGXFH (V XQD LQWURGXFFLyQ D XQD JUDQ FLHQFLD HQ OD TXH D~Q TXHGD PXFKR SRU KDFHU ,QFOX\H PRGHORV GH DERUGDMH GLVWLQWDV GHILQLFLRQHV \ DSOLFDFLRQHV DGHPiV GH FDVRV SUiFWLFRV 'XUDFLyQ K 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ )250$&,Ð1 6,1 %$55(5$6 7HO PDLO GSWRPDWULFXODV#IRUPDFLRQVLQEDUUHUDV FRP ZHE ZZZ IRUPDFLRQVLQEDUUHUDV FRP
&85626 0É67(5 (;3(572 &XUVRV PDVWHU H[SHUWR GH KRUDV GH GXUDFLyQ PRGDOLGDG RQOLQH \ D GLVWDQFLD FRQ ORV TXH VH REWLHQHQ GRV WLWXODFLRQHV &XUVRV 'HVDUUROOR VRVWHQLEOH \ HGXFDFLyQ VRFLDO LQWHUYHQFLyQ \ SDUWLFLSDFLyQ VRFLDO HGXFDFLyQ VRFLDO \ PHGLDFLyQ LQWHUFXOWXUDO DQLPDFLyQ VRFLRFXOWXUDO FRRSHUDFLyQ LQWHUQDFLRQDO \ GHVDUUROOR HPSOHDELOLGDG \ PHGLDFLyQ VRFLDO UHVROXFLyQ GH FRQIOLFWRV JHVWLyQ GH SURJUDPDV JHULiWULFRV UHFXUVRV SDWULPRQLDOHV \ WXUtVWLFRV HXURV )HFKD GH LQVFULSFLyQ SURYLVLRQDO &RQVXOWDU 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ ',98/*$&,Ð1 ',1É0,&$ 6 / $YGD %ODV ,QIDQWH SODQWD ² 6HYLOOD 7HO GPDVG#GLYXOJDFLRQGLQDPLFD HV KWWS ZZZ GLYXOJDFLRQGLQDPLFD HV
',6(f2 '( 352<(&726 '( ('8&$&,Ð1 $0%,(17$/ 'XUDFLyQ KRUDV (O DOXPQDGR GLVSRQGUi GH PHVHV GHVGH OD IHFKD GH PDWULFXODFLyQ SDUD HO GHVDUUROOR GHO FXUVR WUDQVFXUULGR GLFKR SOD]R VH GHVDFWLYDUi VX FXHQWD 3UHFLR GH LQVFULSFLyQ ½ 3DUD VRFLR DV GH (FRORJLVWDV HQ $FFLyQ ½ )HFKD GH LQVFULSFLyQ SURYLVLRQDO &RQVXOWDU 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ (&2/2*,67$6 (1 $&&,Ð1 7HO IRUPDFLRQ#HFRORJLVWDVHQDFFLRQ RUJ ZZZ HFRORJLVWDVHQDFFLRQ RUJ FXUVR RQ OLQH
&225',1$&,Ð1 < *(67,Ð1 '( 352*5$0$6 < 6(59,&,26 3$5$ /$ -89(178' 'LSORPD GH HVSHFLDOL]DFLyQ SURIHVLRQDO XQLYHUVLWDULR 'LULJLGR D HVWXGLDQWHV \ SURIHVLRQDOHV GHO VHFWRU &XUVR D GLVWDQFLD HXURV )HFKD GH LQVFULSFLyQ SURYLVLRQDO &RQVXOWDU 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 81,9 9$/(1&,$ (678' *5$/ 6HQGD 'HO 6HQHQW $ 9DOHQFLD 7HO
7,(032 /,%5( 021,725 '( 7,(032 /,%5( 7LWXOR 2ILFLDO '*$ 'LULJLGR D SHUVRQDV PD\RUHV GH DxRV )HFKDV \ GH IHEUHUR \ GH PDU]R \ GH DEULO GH PD\R GH +RUDULR 6iEDGRV \ GRPLQJRV GH K D K \ GH K D K 3UHFLR ½ LQFOX\H VDOLGD D OD PRQWDxD ,QVFULSFLyQ ½ GH PDWUtFXOD 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ <0&$ +8(6&$ & 7UDYHVtD %DOOHVWHURV ORFDO ² +XHVFD 7HO KXHVFD#\PFD HV ZZZ \PFD HV
9$5,26
&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
/$ 32/Ì7,&$ (;7(5,25 '( /26 ((88 +$&,$ /26 3$Ì6(6 (1 9Ì$6 '( '(6$552//2 < /$ 18(9$ 35(6,'(1&,$ '( 2%$0$ ,PSDUWLGR SRU 5REHUW 0DWWKHZV 'HO DO GH IHEUHUR HQ OD )DFXOWDG GH &LHQFLDV +XPDQDV \ GH OD (GXFDFLyQ & 9DOHQWtQ &DUGHUHUD 2UJDQL]D 6(,3$= \ &DPSXV GH +XHVFD &RODERUD &RUWHV \ *RELHUQR GH $UDJyQ 3OD]R GH LQVFULSFLyQ
0iV LQIRUPDFLyQ 9,&(55(&725$'2 '(/ &$0386 '( +8(6&$ 5RQGD GH 0LVHULFRUGLD R HQ HO FRUUHR FXOWXUD FRPXQLFDFLRQ KXHVFD#XQL]DU HV
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
$8',29,68$/ 6(&&,Ð1 &203(7,7,9$ '( (&2=,1( 'HVGH HO GH QRYLHPEUH HVWi DELHUWD OD FRQYRFDWRULD GH OD 6HFFLyQ &RPSHWLWLYD SDUD OD ,9 (GLFLyQ GH (FR]LQH )HVWLYDO ,QWHUQDFLRQDO GH &LQH \ 0HGLR $PELHQWH &LXGDG GH =DUDJR]D (FR=LQH WLHQH SRU ILQDOLGDG GLYXOJDU H[KLELU \ SUHPLDU REUDV DXGLRYLVXDOHV GH ILFFLyQ DQLPDFLyQ \ GRFXPHQWDOHV HQ FXDOTXLHU IRUPDWR FLQHPDWRJUiILFR R YLGHRJUiILFR FRQ WHPiWLFD DPELHQWDO SURGXFLGD HQ FXDOTXLHU SDUWH GHO PXQGR DGHPiV GH SURPRYHU DFFLRQHV \ DFWLYLGDGHV SDUDOHODV UHODFLRQDGDV FRQ ORV DXGLRYLVXDOHV \ HO 0HGLR $PELHQWH <D SXHGHV HQYLDU WX FRUWR R ODUJR RQ OLQH &XDOTXLHU GXGD R FRQVXOWD UHODWLYD DO HQYtR RQ OLQH PDQGD XQ PDLO D LQIR#PRYLEHWD FRP 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
)(67,9$/ (&2=,1( ZZZ IHVWLYDOHFR]LQH HV
,,, &(57$0(1 1$&,21$/ '( 9,'(2&/,36 ),9$ 'HQWUR GH OD SURJUDPDFLyQ GHO ,,, )HVWLYDO ,QWHUQDFLRQDO GH 9LGHRFOLS GH $OFDxL] VH FRQYRFD HO ,,, &HUWDPHQ 1DFLRQDO GH 9LGHRFOLSV ),9$ XQR GH ORV UHFODPRV PiV DWUDFWLYRV \ TXH PHMRU GHILQHQ OD ILORVRItD GHO ),9$ OD E~VTXHGD GH OR RULJLQDO H LQQRYDGRU OD DSXHVWD SRU OD LPDJHQ TXH WUDQVPLWH PiV DOOi GH OD FRPXQLFDFLyQ 'LULJLGR D UHDOL]DGRUHV SURGXFWRUDV GH YLGHRFOLSV \ FRPSDxtDV GLVFRJUiILFDV (O YLGHRFOLS GHEHUi KDEHU VLGR VROLFLWDGR R FUHDGR SDUD XQ JUXSR R VROLVWD HVSDxRO R SDUD XQ JUXSR R VROLVWD H[WUDQMHUR HQ FX\R FDVR GHEHUi KDEHU VLGR UHDOL]DGR SRU XQD SURGXFWRUD UHDOL]DGRU HVSDxROD \ FRQ HTXLSR HVSDxRO /DV FDQFLRQHV LQWHUSUHWDGDV HQ ORV YLGHRFOLSV GHEHUiQ VHU RULJLQDOHV R YHUVLRQHV UHDOL]DGDV SRU HO SURSLR JUXSR R VROLVWD SHUR QR DVt SOD\ EDFNV R VLPLODUHV /D GXUDFLyQ QR H[FHGHUi GH PLQXWRV /RV YLGHRFOLSV GHEHUiQ KDEHU VLGR SURGXFLGRV FRQ SRVWHULRULGDG DO GH HQHUR GH (O IRUPDWR RULJLQDO GH JUDEDFLyQ VHUi OLEUH 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
,,, &(57$0(1 1$&,21$/ '( 9,'(2&/,36 &21&(-$/Ì$ '( ,1)$1&,$ < -89(178' $<72 '( $/&$f,= 3OD]D GH (VSDxD $/&$f,= 7HUXHO
;, &(57$0(1 ,17(51$&,21$/ 9,'(20,1872 (O 9LFHUUHFWRUDGR GH 3UR\HFFLyQ &XOWXUDO \ VRFLDO GH OD 8QLYHUVLGDG GH =DUDJR]D FRQ OD FRODERUDFLyQ GH &LQHPDUHPDJQXP FRQYRFD HO ;, &HUWDPHQ ,QWHUQDFLRQDO 9LGHRPLQXWR 3RGUiQ SUHVHQWDUVH REUDV LQpGLWDV LQGLYLGXDOPHQWH R HQ JUXSR VLHPSUH \ FXDQGR OD GXUDFLyQ Pi[LPD VHD GH PLQXWR VHJXQGRV LQFOX\HQGR ORV WtWXORV GH FUpGLWR (O WHPD GHO YLGHRPLQXWR VHUi GH OLEUH HOHFFLyQ \ SRGUiQ SUHVHQWDUVH WUDEDMRV WDQWR GH ILFFLyQ FRPR GH DQLPDFLyQ 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
&,1(0$5(0$*180 7HO PDLO LQIR#FLQHPDUHPDJQXP FRP ZHE ZZZ FLQHPDUHPDJQXP FRP
&,(1&,$ ( ,19(67,*$&,Ð1
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
/(75$ 7(/()Ð1,&$ '( ,19(67,*$&,Ð1 &RQYRFDGR SRU OD )XQGDFLyQ 7HPDV GH $UWH FRQ HO SDWURFLQLR GH 7HOHIyQLFD \ FRQ OD FRODERUDFLyQ GH OD (PEDMDGD GH 3HU~ HQ (VSDxD (O &XOWXUDO GH (O 0XQGR (O &RPHUFLR GH /LPD HO &tUFXOR GH %HOODV $UWHV \ OD UHYLVWD ,QWUDPXURV 7UDEDMRV LQpGLWRV HVFULWRV HQ HVSDxRO ([WHQVLyQ PtQLPD GH SiJLQDV \ Pi[LPD GH PHFDQRJUDILDGDV D GREOH HVSDFLR \ FRQ WLSR GH OHWUD DULDO HQ SDSHO ',1 $ $GHPiV GHO WH[WR ORV WUDEDMRV GHEHUiQ VHU DFRPSDxDGRV GH FRSLDV GH DUWtFXORV IRWRJUDItDV \ GRFXPHQWRV YLQFXODGRV FRQ OD HVWDQFLD GH &pVDU 9DOOHMR HQ 0DGULG /RV SDUWLFLSDQWHV GHEHUiQ DFRPSDxDU D VXV WUDEDMRV XQD YHUVLyQ VLQWpWLFD HQ QR PiV GH SDODEUDV FRQ HO ILQ GH VHU SXEOLFDGD HQ OD IRUPD TXH VH FRQVLGHUH RSRUWXQD 'RWDFLyQ GH ½ 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
)81'$&,Ð1 7(0$6 '( $57( *UDQ 9tD SODQWD ² 0$'5,'
&Ð0,& &21&8562 '( &Ð0,& 3$5$ -Ð9(1(6 &5$6+ (O $\XQWDPLHQWR GH 9LWRULD FRQYRFD XQ &RQFXUVR GH &yPLF SDUD MyYHQHV GH HQWUH \ DxRV 6H DGPLWDUiQ WUHV FyPLFV SRU DXWRU RULJLQDOHV \ QR SXEOLFDGRV DQWHULUPHQWH (O WHPD VHUi OLEUH \ ORV SHUVRQDMHV RULJLQDOHV 3UHPLRV 3ULPHU SUHPLR HXURV 6HJXQGR SUUHPLR HXURV 7HUFHU SUHPLR HXURV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
$<817$0,(172 '( 9,725,$ +HUUHUtD EDMR 9LWRULD *DVWHL] 7HO
&5($&,Ð1 9,,, &21&8562 )' 1(:6 6$/'5É6 (1 3257$'$ &RQFXUVR GLULJLGR D HVWXGLDQWHV GH PRGD IRWRJUDItD GLVHxR JUiILFR EHOODV DUWHV R MyYHQHV DXWRGLGDFWDV QR SURIHVLRQDOHV GH HGDGHV FRPSUHQGLGDV HQWUH \ DxRV D GH GLFLHPEUH GH &DGD SDUWLFLSDQWH SRGUi SUHVHQWDU SURSXHVWDV GH SRUWDGD \ FRQWUDSRUWDGD GH UHYLVWD GH WHPiWLFD OLEUH YLQFXODGD D OD PRGD FRQ H[SOLFDFLyQ GHO FRQFHSWR HQ IRUPDWR MSHJ UHVROXFLyQ GH GSL \ GH FP GH DQFKR SRU FP GH DOWR (O JDQDGRU UHFLELUi XQ SUHPLR GH HXURV XQD EHFD GH HVWXGLRV HQ XQ FXUVR GH HVSHFLDOL]DFLyQ GH )' 0RGD \ OD LPSUHVLyQ FRPR SRUWDGD GH OD UHYLVWD 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
(6&8(/$ 683(5,25 '( ',6(f2 < 02'$ )(/,&,'$' '8&( *XLOOHP 7HOO %DUFHORQD 7HO PDLO IGPRGD#IGPRGD FRP ZHE ZZZ IGPRGD FRP
,9 35(0,2 '( 3,1785$ 7255(6 *$5&Ì$ &,87$7 '( 0$7$5Ð $ELHUWR D WRGRV ORV UHVLGHQWHV HQ (VSDxD 3UHPLR ~QLFR GH HXURV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
$662&,$&,Ð 6$17 //8& 3(5 / $57 %RQDLUH RQ 0DWDUR 7HO PDLO VDQWOOXF#VDQWOOXF RUJ ZHE ZZZ VDQWOOXF RUJ
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
35(0,2 %,(1$/ 81,&$-$ '( $57(6$1Ì$ -$e1 3HUVRQDV FXDOTXLHUD TXH VHD VX QDFLRQDOLGDG R OXJDU GH UHVLGHQFLD GH IRUPD LQGLYLGXDO R HQ JUXSR TXH GHVDUUROOH XQD DFWLYLGDG DUWHVDQD /RV WUDEDMRV SRGUiQ YHUVDU VREUH FXDOTXLHU WHPD GHQWUR GH ODV VLJXLHQWHV HVSHFLDOLGDGHV DUWHVDQDV FHUiPLFD FXHUR IRUMD WDOOD HQ PDGHUD \ WDSLFHV \ WH[WLOHV 3ULPHU SUHPLR HXURV HQ FDGD XQD GH ODV HVSHFLDOLGDGHV 8Q DFFpVLW HXURV HQ FDGD XQD GH ODV HVSHFLDOLGDGHV 8Q ~QLFR SUHPLR HVSHFLDO HXURV SDUD ORV SDUWLFLSDQWHV QDFLGRV \ R UHVLGHQWHV HQ OD SURYLQFLD GH -DpQ
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
2%5$ 62&,$/ 81,&$-$ 7HO PDLO REUDVRFLDOMDHQ#REUDVRFLDOXQLFDMD FRP ZHE ZZZ REUDVRFLDOXQLFDMD HV
; &21&8562 ,17(51$&,21$/ '( $57(6 3/É67,&$6 (O ÉUHD GH $FWLYLGDGHV GHO 9LFHUUHFWRUDGR GH 3UR\HFFLyQ &XOWXUDO \ 6RFLDO GH OD 8QLYHUVLGDG GH =DUDJR]D FRQYRFD HO ; &RQFXUVR ,QWHUQDFLRQDO GH $UWHV 3OiVWLFDV ´8QLYHUVLGDG GH =DUDJR]Dµ FRQ HO REMHWLYR GH HVWLPXODU OD FUHDFLyQ DUWtVWLFD HQ HO VHQR GH OD FRPXQLGDG XQLYHUVLWDULD HQ HO iPELWR GHO $UWH 0RGHUQR 3RGUiQ SDUWLFLSDU WRGRV ORV HVWXGLDQWHV PDWULFXODGRV HQ FXDOHVTXLHUD GH ORV FLFORV GH ORV SODQHV GH HVWXGLRV GH ODV GLVWLQWDV XQLYHUVLGDGHV R HVFXHODV GH DUWH GHO SODQHWD GXUDQWH HO FXUVR \ FXDOTXLHU RWUR PLHPEUR GH OD FRPXQLGDG XQLYHUVLWDULD 1R VH HVWDEOHFHQ PRGDOLGDGHV SXGLHQGR SUHVHQWDUVH REUDV HQ FXDOTXLHU IRUPDWR R VRSRUWH GH WHPD WpFQLFD \ SURFHGLPLHQWRV OLEUHV
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
É5($ '( $&7,9,'$'(6 &8/785$/(6 81,9(56,'$' '( =$5$*2=$ 7HO PDLO X]FXOWXU#XQL]DU HV ZHE ZZZ XQL]DU HV FXOWXUD
',6(f2 *5É),&2 &21&8562 -89(1,/ '(/ &$57(/ '( &$51$9$/ +8(6&$ (O $\XQWDPLHQWR GH +XHVFD D WUDYpV GHO iUHD GH )LHVWDV FRQYRFD HO FRQFXUVR SDUD HOHJLU HO &DUWHO $QXQFLDGRU GHO &DUQDYDO GLULJLGR D MyYHQHV HQWUH GRFH \ YHLQWLFLQFR DxRV R MyYHQHV GH PD\RU HGDG PDWULFXODGRV HQ FHQWURV HGXFDWLYRV /RV SDUWLFLSDQWHV SRGUiQ SUHVHQWDU FXDQWDV REUDV FRQVLGHUHQ RSRUWXQDV FRQ OD LQGLVSHQVDEOH FRQGLFLyQ GH TXH HVWDV VHDQ RULJLQDOHV H LQpGLWDV /RV FDUWHOHV WHQGUiQ GLPHQVLRQHV GH [ FP \ GHEHUiQ SUHVHQWDUVH FRQYHQLHQWHPHQWH HPEDODGRV \ PRQWDGRV VREUH XQ VRSRUWH UtJLGR H[FHSWR FULVWDO SDUD VX YDORUDFLyQ SRU HO -XUDGR \ VX SRVLEOH H[SRVLFLyQ SRVWHULRU 6H FRQFHGHUi XQ ~QLFR SUHPLR GH ½ DO DXWRU D /RV DFFpVLW FRQVWLWXLUiQ ~QLFDPHQWH PHQFLRQHV KRQRUtILFDV VLQ SUHPLR HQ PHWiOLFR 7RGRV ORV SDUWLFLSDQWHV UHFLELUiQ XQ GLSORPD HQ HO TXH FRQVWH VX SDUWLFLSDFLyQ HQ HO FRQFXUVR FRQ OD PHQFLyQ HQ VX FDVR GH KDEHU JDQDGR HO SUHPLR R DOJXQR GH ORV DFFpVLW
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
É5($ '( ),(67$6 $<72 +8(6&$ &HQWUR &XOWXUDO GHO 0DWDGHUR $Y 0DUWtQH] GH 9HODVFR ZZZ KXHVFD HV
)272*5$)Ì$
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
,, &21&8562 1$&,21$/ '( )272*5$)Ì$ ',*,7$/ &$1621 ,1),1,7< 'HVWLQDGR D IRWyJUDIRV DILFLRQDGRV \ R SURIHVLRQDOHV PD\RUHV GH DxRV UHVLGHQWHV HQ (VSDxD (O WHPD GHO FRQFXUVR HV OLEUH 3RGUiQ SUHVHQWDUVH XQ Pi[LPR GH REUDV SRU SDUWLFLSDQWH HQ IRUPDWR $ $ R $ LPSUHVR /DV REUDV GHEHUiQ VHU RULJLQDOHV LQpGLWDV QR KDEHU VLGR SUHPLDGDV HQ QLQJ~Q RWUR FRQFXUVR QL SXEOLFDGDV HQ QLQJ~Q RWUR PHGLR 3DUD FRQFXUVDU VH GHEH DFFHGHU D ZZZ FDQVRQ LQILQLW\ FRP \ FXPSOLPHQWDU HO IRUPXODULR GH SDUWLFLSDFLyQ DGHPiV GH VXELU ORV DUFKLYRV IRWRJUiILFRV FRQ ORV TXH VH GHVHH SDUWLFLSDU HQ HO FRQFXUVR
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
*8$552 &$1621 6/ ZZZ FDQVRQ LQILQLW\ FRP ZZZ FDQVRQ HV FRQFXUVRIRWRJUDILD
62726 '( $/)$52 '( )272*5$)Ì$ (VWH FRQFXUVR SUHWHQGH FRPSDJLQDU OD FUHDWLYLGDG DUWtVWLFD IRWRJUiILFD \ OD EHOOH]D GH OD ULTXH]D QDWXUDO GH OD &RPXQLGDG $XWyQRPD GH OD 5LRMD (O WHPD ODV DYHV GH ORV VRWRV GHO (EUR 6H SRGUiQ SUHVHQWDU XQ Pi[LPR GH IRWRJUDItDV SRU DXWRU 6yOR H[LVWLUi HO IRUPDWR GLJLWDO 7RGRV ORV DUFKLYRV VHUiQ HQ IRUPDWR -3(* GH Pi[LPD FDOLGDG /DV LPiJHQHV VH HQYLDUiQ JUDEDGDV HQ XQ &' 3ULPHU SUHPLR HXURV 6HJXQGR SUHPLR HXURV 7HUFHU SUHPLR HXURV 3UHPLR HVSHFLDO HXURV
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
*2%,(512 '( /$ 5,2-$ ',5(&&,Ð1 *(1(5$/ '( 0(',2 1$785$/ ZZZ ODULRMD RUJ
-89(178' 35(0,26 1$&,21$/(6 '( -89(178' (O ,QVWLWXWR GH OD -XYHQWXG ,QMXYH FRQYRFD ORV 3UHPLRV 1DFLRQDOHV GH -XYHQWXG FUHDGRV SRU HVWH RUJDQLVPR FRQ OD ILQDOLGDG GH UHFRQRFHU OD WUD\HFWRULD \ GH DTXHOORV MyYHQHV TXH PXHVWUDQ VX FRPSURPLVR HQ GLVWLQWRV iPELWRV GH OD VRFLHGDG (VWH JDODUGyQ FXHQWD FRQ FXDWUR FDWHJRUtDV ,QLFLDWLYDV HPSUHQGHGRUDV HQ PDWHULD GH HPSOHR 7ROHUDQFLD \ SURPRFLyQ GH OD FRPXQLFDFLyQ LQWHUFXOWXUDO 9ROXQWDULDGR \ 3URPRFLyQ GH ORV YDORUHV GH LJXDOGDG &DGD XQD GH HOODV VHUi SUHPLDGD FRQ XQD DSRUWDFLyQ HQ PHWiOLFR GH HXURV 'LULJLGRV D MyYHQHV GH QDFLRQDOLGDG HVSDxROD \ D WRGRV DTXHOORV FRQ UHVLGHQFLD OHJDO HQ (VSDxD TXH QR VXSHUHQ OD HGDG GH DxRV HQ OD IHFKD OtPLWH GH OD SUHVHQWDFLyQ GH ODV FDQGLGDWXUDV GH IHEUHUR 7DPELpQ SRGUiQ SUHVHQWDU FDQGLGDWXUDV D ORV SUHPLRV RUJDQL]DFLRQHV LQVWLWXFLRQHV R FRUSRUDFLRQHV WDQWR GH iPELWR S~EOLFR FRPR SULYDGR FRQ DFUHGLWDGD VROYHQFLD \ YLQFXODFLyQ FRQ HO REMHWR GH ORV SUHPLRV (VWD SULPHUD HGLFLyQ GHO 3UHPLR 1DFLRQDO GH -XYHQWXG VH FRQYRFD SDUD KDFHU YDOHU HO OHPD GHO $xR ,QWHUQDFLRQDO GH OD -XYHQWXG 'LiORJR \ FRPSUHQVLyQ PXWXD GHFODUDGR SRU 1DFLRQHV 8QLGDV GHO GH DJRVWR GH DO GH DJRVWR GH
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
,167,7872 1$&,21$/ '( /$ -89(178' ,1-89( ZZZ LQMXYH PLJXDOGDG HV
/,7(5$785$ ;;;9,, &(57$0(1 /,7(5$5,2 0$5Ì$ $*867,1$ (Q UHFXHUGR GH OD &DWHGUiWLFD GH /HQJXD \ /LWHUDWXUD (VSDxRODV 0DULD $JXVWLQD FRQ HO REMHWR GH IRPHQWDU OD FUHDFLyQ OLWHUDULD HQWUH ORV MyYHQHV 6H HVWDEOHFHQ GRV PRGDOLGDGHV 1DUUDFLyQ FRUWD \ SRHVLD 6H RWRUJDUi SUHPLRV HQ FDGD PRGDOLGDG 3ULPHU SUHPLR HXURV 6HJXQGR HXURV /RV WUDEDMRV VH HQYLDUiQ SRU FRUUHR SRVWDO DQWHV GHO GtD GH HQHUR GHO DxR DO ,QVWLWXWR GH (GXFDFLyQ 6HFXQGDULD 3ULQFLSH GH $VWXULDV & -XDQ $QWRQLR 'LPDV /RUFD 0XUFLD
3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
$\XQWDPLHQWR GH /RUFD ,(6 3ULQFLSH GH $VWXULDV )XQGDFLyQ &DMDPXUFLD
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
&8(1726 ,/8675$'26 3RGUiQ SDUWLFLSDU FRQ XQD VROD REUD WRGRV ORV DXWRUHV TXH QR KD\DQ VLGR SUHPLDGRV HQ ODV GRV HGLFLRQHV DQWHULRUHV GH HVWH FRQFXUVR \ TXH SUHVHQWHQ REUDV RULJLQDOHV H LQpGLWDV HVFULWDV HQ FDVWHOODQR TXH QR KD\DQ VLGR SUHPLDGDV QL SXEOLFDGDV HQ HVWH R HQ RWUR FHUWDPHQ 'RV PRGDOLGDGHV $GXOWRV FROHFFLyQ GH QR PHQRV GH FXHQWRV GH WHPiWLFD OLEUH H[WHQVLyQ PtQLPD GH IROLRV \ Pi[LPD GH ,QIDQWLO FROHFFLyQ GH QR PHQRV GH FXHQWRV GLULJLGD D QLxRV GH WHPiWLFD OLEUH 'RWDFLyQ $GXOWRV SUHPLR HXURV $FFpVLW HXURV ,QIDQWLO SUHPLR HXURV $FFpVLW HXURV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
',387$&,Ð1 '( %$'$-2= 38%/,&$&,21(6 & )HOLSH &KHFD ² %$'$-2= 7HO SXEOLFDFLRQHV#GLS EDGDMR] HV ZZZ GLS EDGDMR] HV
5(/$726 3$5$ /((5 (1 75(6 0,18726 &RQYRFDGR SRU HO $\WR 'H 6DOOHQ GH *iOOHJR \ HO *UXSR GH &XOWXUD ,QWHUHVDGRV PD\RUHV GH DxRV 2EUDV HVFULWDV HQ OHQJXD FDVWHOODQD R OHQJXD DUDJRQHVD GH WHPD OLEUH LQpGLWDV FRQ H[WHQVLyQ Pi[LPD GH IROLRV HQ IRUPDWR $ HVFULWRV SRU XQD VROD FDUD PHFDQRJUDILDGRV R LQIRUPDWL]DGRV D GREOH HVSDFLR WLSR GH OHWUD WLPHV QHZ URPDQ FXHUSR 6H HQYLDUiQ RULJLQDO \ GRV FRSLDV DFRPSDxDGDV GH XQ VREUH FHUUDGR SOLFD 'RWDFLyQ 3UHPLR HQ OHQJXD FDVWHOODQD HXURV \ GLSORPD 3UHPLR HQ OHQJXD DUDJRQHVD HXURV \ GLSORPD 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
$<72 6$//(17 '( *É//(*2 & )UDQFLD ² 6DOOHQW GH *iOOHJR +XHVFD FXOWXUD#D\WRVDOOHQW HV ZZZ D\WRVDOOHQW HV
&(57$0(1 '( 5(/$72 &2572 'LULJXLGR D MyYHQHV QR SURIHVLRQDOHV HQWUH \ DxRV GH PDQHUD LQGLYLGXDO (O WHPD HV OLEUH 6yOR VH DGPLWLUiQ RULJLQDOHV LQpGLWRV GH ODV REUDV /D H[WHQVLyQ GH ODV REUDV TXH GHEHUiQ HVWDU HVFULWDV HQ FDVWHOODQR VHUi GH XQ PtQLPR GH SDODEUDV \ XQ Pi[LPR GH SDODEUDV &DGD SDUWLFLSDQWH SRGUi FRQFXUULU FRQ XQ Pi[LPR GH GRV REUDV 'RWDFLyQ 0HMRU UHODWR HXURV 0HMRU UHODWR GH DXWRU ORFDO HXURV 0HMRU UHODWR GH DXWRU FRPSUHQGLGR HQWUH ORV \ ORV DxRV HXURV 3UHPLR 5R]DVMRYHQ HXURV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
$<72 /$6 52=$6 -89(178' < 7,(032 /,%5( 7HO PDLO MXYHQWXG#ODVUR]DV HV ZHE ZZZ UR]DVMRYHQ HV
´&$50(1 &21'(µ '( 32(6Ì$ (6&5,7$ 325 08-(5(6 'LULJLGRV D SRHWLVDV GH FXDOTXLHU QDFLRQDOLGDG &RQWHQLGR /LEURV HVFULWRV HQ OHQJXD HVSDxROD QR SUHPLDGRV DQWHULRUPHQWH HQ QLQJ~Q RWUR FRQFXUVR /RV RULJLQDOHV FRQ OLEHUWDG GH WHPD \ IRUPD GHEHUiQ VHU LQpGLWRV HQ VX WRWDOLGDG \ WHQHU XQD H[WHQVLyQ QR LQIHULRU D YHUVRV QL VXSHULRU D 6H SUHVHQWDUi XQ HMHPSODU LPSUHVR SRU XQD VROD FDUD GHELGDPHQWH QXPHUDGR \ HQFXDGHUQDGR 6H DGPGLWLUi XQ VyOR SRHPDULR SRU DXWRUD 3XEOLFDFLyQ GHO OLEUR SUHPLDGR HQ OD FROHFFLyQ 7RUUHPR]DV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
(',&,21(6 7255(02=$6 $SDUWDGR ² 0$'5,' ZZZ WRUUHPR]DV FRP
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
;;,,, &21&8562 /,7(5$5,2 1$55$7,9$ < 32(6Ì$ (O ÉUHD GH $FWLYLGDGHV GHO 9LFHUUHFWRUDGR GH 3UR\HFFLyQ &XOWXUDO \ 6RFLDO GH OD 8QLYHUVLGDG GH =DUDJR]D FRQ HO SDWURFLQtR GHO SHULyGLFR (/ 3$Ì6 FRQYRFD HO ;;,,, &RQFXUVR /LWHUDULR ´8QLYHUVLGDG GH =DUDJR]Dµ HQ OD GREOH PRGDOLGDG GH QDUUDWLYD \ SRHVtD 3RGUiQ SDUWLFLSDU HVWXGLDQWHV PDWULFXODGRV HQ FXDOTXLHUD GH ORV FLFORV GH ODV GLVWLQWDV XQLYHUVLGDGHV HVSDxRODV GXUDQWH HO FXUVR &DGD FRQFXUVDQWH SRGUi SUHVHQWDU XQD ~QLFD REUD HQ OHQJXD FDVWHOODQD SRU FDGD PRGDOLGDG GHO FRQFXUVR 7HPD OLEUH GHEHUiQ VHU REUDV RULJLQDOHV H LQpGLWDV VLQ KDEHU UHFLELGR SUHPLR DOJXQR HQ RWURV FRQFXUVRV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
É5($ '( $&7,9,'$'(6 &8/785$/(6 81,9(56,'$' '( =$5$*2=$ 7HO X]FXOWXU#XQL]DU HV ZZZ XQL]DU HV FXOWXUD
0Ô6,&$ ,, (',&,Ð1 086,&$8/$ 0XVLF$XOD HV HO SULPHU )HVWLYDO 3RS 5RFN SDUD JUXSRV GH P~VLFD &ROHJLRV H ,QVWLWXWRV GH WRGD (VSDxD TXH D SDUWLU GHO SUy[LPR GH QRYLHPEUH DEUH VXV SXHUWDV SDUD FHOHEUDU XQD ,, (GLFLyQ 8Q SUR\HFWR SLRQHUR HQ QXHVWUR SDtV TXH EULQGD D ORV MyYHQHV JUXSRV PXVLFDOHV XQD RSRUWXQLGDG SDUD ODQ]DU VX FDUUHUD \ VXELUVH D XQ HVFHQDULR PX\ HVSHFLDO /RV FROHJLRV H LQVWLWXWRV VRQ WDPELpQ MXQWR D ORV JUXSRV ORV SURWDJRQLVWDV GH HVWH &RQFXUVR )HVWLYDO \D TXH GH HOORV DOEHUJDUiQ ODV VHPLILQDOHV SDUD ORV JUXSRV VHPLILQDOLVWDV TXH FRPSDUWLUiQ HVFHQDULR FRQ XQ FRQRFLGR JUXSR GHO SDQRUDPD PXVLFDO QDFLRQDO /D JUDQ ILQDO FRQ JUXSRV ILQDOLVWDV WHQGUi OXJDU HQ HQ MXQLR GH HQ XQ LPSRUWDQWH HVFHQDULR (O JUXSR JDQDGRU JUDEDUi XQ YLGHRFOLS VpUi WHORQHUR GHO JUXSR DQILWULyQ GHO IHVWLYDO \ ILUPDUi XQ FRQWUDWR HGLWRULDO \ GLVFRJUiILFR 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
086,&$8/$ ZZZ PXVLFDXOD FRP
&21&,(5726 (/ 62/ /RV JUXSRV GH P~VLFD TXH GHVHHQ DFWXDU HQ HO FDIp EDU HO 6RO GHEHUiQ LQVFULELUVH HQWUH HO GH RFWXEUH \ HO GH IHEUHUR SDUD HOHJLU HO GtD GH VX DFWXDFLyQ /D ILQDO VH GHVDUUROODUi HQWUH PDU]R DEULO \ PD\R FRQ ORV SULPHURV JUXSRV /RV SUHPLRV GHO FRQFXUVR VHUiQ JUDEDFLyQ \ PDVWHUL]DFLyQ GHO FRQFLHUWR GH ORV ILQDOLVWDV 0HMRU FRPSRVLFLyQ PXVLFDO \ PHMRU OHWUD GRWDGR FDGD XQR FRQ ½ SDUD JDVWDU HQ PDWHULDO %RVFR 0HMRU LPDJHQ ½ HQ URSD 6NXQIXQN \ SRU ~OWLPR DVLVWHQFLD S~EOLFR GRWDGR FRQ ½ HQ FRQVXPLFLRQHV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
&$)( %$5 (/ 62/ /D 3D] =DUDJR]D 7HO
-$&. '$1,(/·6 %$&.67$*( ¢7LHQHV XQD FDQFLyQ JUDEDGD FRQ WX JUXSR" ¢(UHV '- \ WLHQHV XQD VHVLyQ JUDEDGD" (V VXILFLHQWH SRUTXH HV OR ~QLFR TXH WH SLGH OD QXHYD HGLFLyQ GHO ¶-DFN 'DQLHO V %DFNVWDJH· 6L KDV FRQWHVWDGR DILUPDWLYDPHQWH D ODV DQWHULRUHV SUHJXQWDV OR TXH WLHQHV TXH KDFHU DKRUD HV UHOOHQDU HO IRUPXODULR GH LQVFULSFLyQ HQ VX SiJLQD ZHE DGMXQWDU XQD FDQFLyQ R OLQN D <RXWXEH«£\ HVSHUDU ¢$~Q QR HVWDV FRQYHQFLGR" %XHQR« \ VL WH GHFLPRV TXH VL VRLV XQ JUXSR SRGpLV JDQDU WRFDU HQ XQ FRQFLHUWR -DFN 'DQLHOV \ KDVWD HXURV HQ XQ %DFNVWDJH \ VL HUHV '- « ¢/D FRVD FDPELD YHUGDG" $ILQD ODV FXHUGDV FXpOJDWH HO EDMR \ SUHSDUD ORV SODWRV +D\ TXH YROYHU DO JDUDMH HV KRUD GH WRFDU R SLQFKDU 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
-$&. '$1,(/·6 %$&.67$*( ZZZ MDFNGDQLHOVPXVLF HV
&21&85626 '(/ '( (1(52 $/ '( )(%5(52 '(
9,, &21&8562 ,17(51$&,21$/ '( &20326,&,Ð1 086,&$/ (O ÉUHD GH $FWLYLGDGHV GHO 9LFHUUHFWRUDGR GH 3UR\HFFLyQ &XOWXUDO \ 6RFLDO GH OD 8QLYHUVLGDG GH =DUDJR]D FRQYRFD HO 9,, &RQFXUVR ,QWHUQDFLRQDO GH &RPSRVLFLyQ 0XVLFDO ´8QLYHUVLGDG GH =DUDJR]Dµ FRQ HO REMHWLYR GH HVWLPXODU OD FUHDFLyQ FRQWHPSRUiQHD HQ HO iPELWR GH OD P~VLFD \ FRQ HO ILQ GH GLIXQGLU HO LQWHUpV KDFLD FXDOTXLHU IRUPD GH PDQLIHVWDFLyQ DUWtVWLFD 3RGUiQ SDUWLFLSDU FRPSRVLWRUHV GH WRGDV ODV QDFLRQDOLGDGHV VLQ OtPLWH GH HGDG 8QD QXQFD REUD RULJLQDO H LQpGLWD QR HVWUHQDGD QL UHJLVWUDGD SRU QLQJ~Q PHGLR GH UHSURGXFFLyQ PHFiQLFD /D REUD GHEHUi VHU HVFULWD FRPR PtQLPR SDUD XQ Q~PHUR QR LQIHULRU D GLH] LQVWUXPHQWRV 3OD]R SUHVHQWDFLyQ 0iV LQIRUPDFLyQ
É5($ '( $&7,9,'$'(6 &8/785$/(6 81,9(56,'$' '( =$5$*2=$ 7HO X]FXOWXU#XQL]DU HV ZZZ XQL]DU HV FXOWXUD
%(&$6 '(/ '( (1(52 $/ '( )(%5(52 '(
35e67$026 81,9(56,7$5,26 3$5$ 5($/,=$5 (678',26 '( 3267*5$'2 '( 0É67(5 < '2&725$'2 3UpVWDPRV SDUD PDWULFXODGRV XQLYHUVLWDULRV SDUD UHDOL]DU HVWXGLRV GH SRVJUDGR GH PiVWHU \ GH GRFWRUDGR )HFKDV OtPLWH 'HSHQGLHQGR GH SURJUDPDV R 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
KWWSV VHGH HGXFDFLRQ JRE HV
%(&$6 3$5$ (/ Ô1,&2 0É67(5 (8523(2 62%5( (/ &2/25 (O PiVWHU LQWHUQDFLRQDO (UDVPXV 0XQGXV ´&RORU LQ ,QIRUPDWLFV DQG 0HGLD 7HFKQRORJ\µ &,0(7 KD DELHUWR HO SOD]R GH EHFDV SDUD FXUVDU OD FXDUWD HGLFLyQ GHO SURJUDPD GXUDQWH HO FXUVR 6H RIUHFHQ EHFDV GH HXURV SDUD HVWXGLDQWHV QR HXURSHRV \ HXURV SDUD HVWXGLDQWHV HXURSHRV (VWH SRVWJUDGR GH DxRV HO ~QLFR VREUH FLHQFLD \ WHFQRORJtD GHO FRORU H[LVWHQWH HQ (XURSD VH LPSDUWH HQ LQJOpV HQ FXDWUR XQLYHUVLGDGHV HXURSHDV 8QLYHUVLWp -HDQ 0RQQHW )UDQFLD *M¡YLN 8QLYHUVLW\ &ROOHJH 1RUXHJD 8QLYHUVLW\ RI (DVWHUQ )LQODQG )LQODQGLD \ 8QLYHUVLGDG GH *UDQDGD (VSDxD 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
(UDVPXV 0XQGXV ´&RORU LQ ,QIRUPDWLFV DQG 0HGLD 7HFKQRORJ\µ &,0(7 KWWS ZZZ PDVWHU HUDVPXVPXQGXV FRORU HX
68%9(1&,21 3$5$ &5($&,21 '( 3$*,1$6 :(% 6XEYHQFLRQ 3$5$ &5($&,21 '( 3$*,1$6 :(% 0$17(1,0,(172 3$*,1$ :(% &8(17$6 '( &255(2 62/2 325 (8526 0(6 72'2 ,1&/8,'2 VLQ OHWUD SHTXHxD /D &DPDUD GH &RPHUFLR H LQGXVWULD HXURSHD LQGLD VLJXHQ PDQWHQLHQGR VX XQLFR FRPSURPLVR GH DSR\DU D ODV HPSUHVDV DXWRQRPRV SURIHVLRQDOHV DVRFLDFLRQHV IXQGDFLRQHV RQJ V IHGHUDFLRQHV \ GHPDV HQWLGDGHV HQ VX ODERU GH H[SDQVLRQ \ SDUD HOOR OHV RIUHFH XQD VXEYHQFLRQ GHO SDUD OD FUHDFLRQ GH VX SDJLQD ZHE DGHPiV GH FLHUWDV YHQWDMDV 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
'HS &RPX (XURSHDV &DPDUD &RPHUFLR ,QGXVWULD 7HO GH /XQHV D 9LHUQHV GH K D K ZZZ LQVWLWH[ FRP LQIR
%(&$6 3267*5$'2 /D )XQGDFLyQ &DMD 0DGULG RWRUJDUi EHFDV SDUD UHDOL]DU HVWXGLRV GH SRVWJUDGR PiVWHU GRFWRUDGR R WUDEDMRV GH LQYHVWLJDFLyQ HQ XQLYHUVLGDGHV \ FHQWURV VXSHULRUHV GH LQYHVWLJDFLyQ GH (XURSD H[FHSWR (VSDxD (VWDGRV 8QLGRV \ &DQDGi SDUD HO FXUVR DFDGpPLFR /DV EHFDV HVWiQ GLULJLGDV D HVSDxROHV OLFHQFLDGRV LQJHQLHURV VXSHULRUHV LQIRUPiWLFRV VXSHULRUHV \ DUTXLWHFWRV VXSHULRUHV 6L HVWiV LQWHUHVDGR GHEHUiV UHOOHQDU HO IRUPXODULR HOHFWUyQLFR GHO LPSUHVR GH VROLFLWXG HO &XUUtFXOXP 9LWDH \ OD PHPRULD GHO SUR\HFWR GH LQYHVWLJDFLyQ R HVWXGLRV GLVSRQLEOHV HQ HO DSDUWDGR 6ROLFLWXGHV GHO &DQDO GH %HFDV GH OD )XQGDFLyQ 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
)81'$&,Ð1 &$-$ 0$'5,' ZZZ IXQGDFLRQFDMDPDGULG HV
%(&$6 '(/ '( (1(52 $/ '( )(%5(52 '(
$<8'$17(6 &20(1,86 352*5$0$ '( $35(1',=$-( 3(50$1(17( (O REMHWLYR GH HVWD DFFLyQ HV EULQGDU OD RSRUWXQLGDG D IXWXURV SURIHVRUHV R SURIHVRUDV GH FXDOTXLHU PDWHULD GH FRPSUHQGHU PHMRU OD GLPHQVLyQ HXURSHD HQ HO SURFHVR GH HQVHxDQ]D \ DSUHQGL]DMH GH PHMRUDU VX FRQRFLPLHQWR GH OHQJXDV H[WUDQMHUDV GH FRQRFHU RWURV SDtVHV HXURSHRV \ VXV VLVWHPDV HGXFDWLYRV DVt FRPR GH GHVDUUROODU VXV FDSDFLGDGHV GRFHQWHV /D GXUDFLyQ GH ODV D\XGDQWtDV SXHGH VHU GH GRFH D FXDUHQWD \ FLQFR VHPDQDV \ VH UHDOL]D HQ XQ FHQWUR HGXFDWLYR GH DFRJLGD GH RWUR SDtV SDUWLFLSDQWH HQ HO 3URJUDPD GH DSUHQGL]DMH SHUPDQHQWH 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
$*(1&,$ 1$&,21$/ 2$3(( 7HO RDSHH#RDSHH HV KWWS ZZZ RDSHH HV RDSHH LQLFLR SDS FRPHQLXV SUHVHQWDFLRQ KWPO
%$&+,//(5$72 ,17(51$&,21$/ &21 27526 -Ð9(1(6 'LULJLGR D HVWXGLDQWHV GH GH OD (62 FRQ QDFLRQDOLGDG HVSDxRO R UHVLGHQWH 6H UHTXLHUHQ FRQRFLPLHQWRV GH LQJOpV /RV DOXPQRV GHEHUiQ GHGLFDU DO PHQRV GRV KRUDV D OD VHPDQD D XQD DFWLYLGDG FUHDWLYD P~VLFD WHDWUR DUWHV SOiVWLFDV DO PHQRV RWUDV GRV D OD SUiFWLFD GH GHSRUWHV \ HQWUH WUHV \ VHLV KRUDV D SURJUDPDV GH DVLVWHQFLD D OD FRPXQLGDG 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
)81'$&,Ð1 &20,7e (63$f2/ '( /26 &2/(*,26 '(/ 081'2 81,'2 7HO FRPXQLFDFLRQ#FROHJLRVPXQGRXQLGR HV KWWS FROHJLRVPXQGRXQLGR HV
$<8'$6 '(/ 0,1,67(5,2 '( &8/785$ 3$5$ $8',29,68$/(6 (O ,&$$ FRQYRFD ODV OtQHDV GH D\XGDV SDUD OD SURGXFFLyQ $\XGDV SDUD HO GHVDUUROOR GH SUR\HFWR GH SHOtFXODV FLQHPDWRJUiILFDV GH ODUJRPHWUDMH VH GHVWLQDQ PLOORQHV GH HXURV GHO )RQGR 8Q Pi[LPR GHO VH GHVWLQDUi D SUR\HFWRV GH FDUiFWHU GRFXPHQWDO (O LPSRUWH GH OD D\XGD QR SRGUi VHU VXSHULRU D PLOOyQ GH HXURV SRU REUD 7DPSRFR SRGUi VREUHSDVDU HO GHO SUHVXSXHVWR GHO ILOPH R OD LQYHUVLyQ GHO SURGXFWRU HO SOD]R GH SUHVHQWDFLyQ GH VROLFLWXGHV FRQFOX\H HO GH PDU]R $\XGDV SDUD OD DPRUWL]DFLyQ GH ODUJRPHWUDMHV 3OD]R GH SUHVHQWDFLyQ GH PDU]R GH $\XGD SDUD HO GHVDUUROOR GH SUR\HFWR GH SHOtFXODV FLQHPDWRJUiILFDV GH ODUJRPHWUDMH 3OD]R GH SUHVHQWDFLyQ GH DEULO GH $\XGDV SDUD OD HODERUDFLyQ GH JXLRQHV SDUD SHOtFXODV GH ODUJRPHWUDMH 3OD]R GH SUHVHQWDFLyQ GH IHEUHUR GH $\XGD SDUD OD SURGXFFLyQ GH VHULHV GH DQLPDFLyQ VREUH SUR\HFWR 3OD]R GH SUHVHQWDFLyQ GH IHEUHUR GH $\XGDV SDUD OD SURGXFFLyQ GH ODUJRPHWUDMHV VREUH SUR\HFWR 3OD]R GH SUHVHQWDFLyQ GH PDU]R GH $\XGDV SDUD OD UHDOL]DFLyQ GH REUDV DXGLRYLVXDOHV FRQ HPSOHR GH QXHYDV WHFQRORJtDV 3OD]R GH SUHVHQWDFLyQ GH PDU]R GH $\XGDV SDUD OD SURGXFFLyQ GH FRUWRPHWUDMHV 3OD]R GH SUHVHQWDFLyQ GH PDU]R GH $\XGDV D FRUWRPHWUDMHV UHDOL]DGRV 3OD]R GH SUHVHQWDFLyQ &DOLILFDGRV HQWUH \ GH DEULO GH &DOLILFDGRV HQWUH \ GH MXOLR GH $\XGDV SDUD OD RUJDQL]DFLyQ GH IHVWLYDOHV \ FHUWiPHQHV FLQHPDWRJUiILFRV HQ (VSDxD GXUDQWH HO DxR 3OD]R GH SUHVHQWDFLyQ SOD]R GHO GH HQHUR GH DO GH IHEUHUR GH SOD]R GHO GH IHEUHUR GH DO GH PDU]R GH /DV UHVROXFLRQHV FRPSOHWDV HVWiQ HQ OD ZHE ZZZ ERH HV GHO GH HQHUR \ HQ KWWS ZZZ PFX HV D\XGDV6XEYHQFLRQHV &LQH LQGH[ KWPO 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
,&&$ 167,7872 '( /$ &,1(0$72*5$)Ì$ < '( /$6 $57(6 $8',29,68$/(6 :ZZZ PFX HV FLQH
%(&$6 '(/ '( (1(52 $/ '( )(%5(52 '(
%(&$6 62f$'25(6 /RWHUtDV GHO (VWDGR \ 1DWLRQDO *HRJUDSKLF &KDQQHO DSXHVWDQ SRU ODV LQLFLDWLYDV GH ORV MyYHQHV HQ PDWHULD GH FRQVHUYDFLyQ PHGLRDPELHQWDO < OR KDFHQ FRQ XQDV EHFDV SRU XQ YDORU WRWDO GH HXURV GLYLGLGRV HQ WUHV SUHPLRV (VWiQ GHVWLQDGDV D ORV MyYHQHV XQLYHUVLWDULRV PHQRUHV GH DxRV HQ FXDOTXLHU PRGDOLGDG GH ODV FLHQFLDV QDWXUDOHV R ODV FLHQFLDV VRFLDOHV TXH HVWpQ FXUVDQGR HO ~OWLPR FXUVR GH OLFHQFLDWXUD JUDGR R SODQ GH HVWXGLRV GXUDQWH HO FXUVR 7DPELpQ HVWi GLULJLGR D ORV PDWULFXODGRV HQ FXUVRV GH SRVWJUDGR DOJ~Q PiVWHU R SURJUDPDV GH GRFWRUDGR 8QR GH ORV SXQWRV HQ ORV TXH PiV VH LQVLVWH HQ ODV EDVHV GH DFFHVR HV HQ OD FUHDWLYLGDG GH ORV SUR\HFWRVTXH SUHVHQWHQ ORV DOXPQRV SDUD SRQHU HQ PDUFKD ODV DFFLRQHV GH FRQVHUYDFLyQ (Q HVRV WUDEDMRV GHEH WHQHU XQ SHVR GHVWDFDGR OD SRWHQFLDO DSOLFDFLyQ GLUHFWD HQ HO HQWRUQR PHGLRDPELHQWDO \ WDPELpQ VH WHQGUi HQ FXHQWD OD FDOLGDG FLHQWtILFD OD SHUWLQHQFLD OD UHOHYDQFLD \ OD FRKHUHQFLD (Q HVWH VHQWLGR OD ELRGLYHUVLGDG HVSDxROD FRPR REMHWLYR GH WUDEDMR HV SRU VX ULTXH]D \ FRPSOHMLGDG XQ SDWULPRQLR TXH UHTXLHUH GH HVIXHU]RV TXH JDUDQWLFHQ VX EXHQ HVWDGR 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
%(&$6 62f$'25(6 ZZZ EHFDVRxDGRUHV HV
%(&$6 52%(57 6&+80$1 'LULJLGDV D OLFHQFLDGRV R GLSORPDGRV /RV SHULRGRV GH SUiFWLFDV UHPXQHUDGRV HVWiQ UHVHUYDGRV D WLWXODGRV GH XQLYHUVLGDGHV R FHQWURV GH QLYHO HTXLYDOHQWH FRQ HO ILQ GH TXH SXHGDQ FRPSOHWDU ORV FRQRFLPLHQWRV DGTXLULGRV GXUDQWH VXV HVWXGLRV \ IDPLOLDUL]DUVH FRQ OD DFWLYLGDG GH OD 8QLyQ (XURSHD \ HQ SDUWLFXODU GHO 3DUODPHQWR (XURSHR /RV GLVWLQWRV WLSRV GH SHULRGRV GH SUiFWLFDV UHPXQHUDGRV VRQ ORV VLJXLHQWHV %HFDV 5REHUW 6FKXPDQ RSFLyQ JHQHUDO %HFDV 5REHUW 6FKXPDQ RSFLyQ SHULRGLVPR 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
3$5/$0(172 (8523(2 0DLO PKRG\#HXURSDUO HX LQW ZHE ZZZ HXURSDUO HXURSD HX SDUOLDPHQW SXEOLF VWDWLF'LVSOD\ GR"LG SDJH5DQN ODQJXDJH (6
%(&$6 67(9(1621 3$5$ (678',$5 (1 (6&2&,$ 7KH 6WHYHQVRQ ([FKDQJH &RPPLWWHH FRQFHGH EHFDV 6WHYHQVRQ SDUD HVWXGLDU HQ XQLYHUVLGDGHV HVFRFHVDV GXUDQWH HO SHUtRGR 3XHGHQ RSWDU D HVWDV EHFDV WRGRV ORV HVWXGLDQWHV XQLYHUVLWDULRV PHQRUHV GH DxRV TXH HVWpQ PDWULFXODGRV DFWXDOPHQWH R TXH KD\DQ WHUPLQDGR VXV HVWXGLRV UHFLHQWHPHQWH HQ DOJXQD XQLYHUVLGDG HVSDxROD \ TXH GHVHHQ HVWXGLDU HQ (VFRFLD /D FXDQWtD GH OD EHFD VHUi GH KDVWD OLEUDV SXGLHQGR YDULDU HVWD FDQWLGDG FRQVLGHUDEOHPHQWH D GLVFUHFLyQ GHO &RPLWp (MHFXWLYR 3OD]R GH VROLFLWXG 0iV LQIRUPDFLyQ
%ULWLVK &RXQFLO 6FLHQFH 6RFLHW\ 3 GHO *HQHUDO 0DUWtQH] &DPSRV 0DGULG 7HO