3RQHUHQPDUFKDODODYDYDMLOODV
&XDQGRDSDUH]FDQHOFLFOR\ODVRSFLRQHVFRUUHFWDV
HQODYHQWDQDGHODSDQWDOOD\XVWHGDxDGLyHO
GHWHUJHQWH\HODJHQWHGHHQMXDJXHWDOFRPRVH
H[SOLFDHQODVHFFLyQ
$xDGLU'HWHUJHQWH\$JHQWH
GH(QMXDJXH
GHHVWHPDQXDOSXOVHHOERWyQ
67$57\FLHUUHODSXHUWD
'HVSXpVGHSXOVDUHOERWyQ67$57ODSDQWDOOD
PRVWUDUiODVLJXLHQWHLQIRUPDFLyQ
q
³&LHUUHODSXHUWD´>
&ORVHWKHGRRU
@
q
(OWLHPSRHVWLPDGRSDUDWHUPLQDUHVWHWLHPSR
HVWLPDGRVHDMXVWDDXWRPiWLFDPHQWHDWUDYpV
GHOFLFOREDVDGRHQODWHPSHUDWXUDGHODJXD
HQWUDQWH\ODVRSFLRQHVVHOHFFLRQDGDV
q
(OQRPEUHGHOFLFORDFWXDO
q
³5HJUHVDU´>
5HWXUQ
@OHSHUPLWHHVFRJHURWUR
FLFOR
3URJUDPDVHVWiQGDU
/RVFLFORVGHODYDGRGLVSRQLEOHVHQHVWHPHQ~RF
XOWRVRQFLFORVGHODYDGRHVSHFLDOHVTXHVHSXHGHQ
XVDUSDUDVDWLVIDFHUQHFHVLGDGHVHVSHFLDOHVHQHO
FDPSR
/RVVLJXLHQWHVSXQWRVGHDMXVWHHVWiQGLVSRQL
EOHV
 5HJXODU±FLFORGHODYDGRQRUPDO
 &XLGDGR$PELHQWDO>
(QYLUR&DUH
@±UHGXFH
HOFRQVXPRGHDJXD\HQHUJtD
 &XLGDGRGH9LGULR>
*ODVV&DUH
@±UHGXFHODV
WHPSHUDWXUDVSDUDUHGXFLUHOGDxRDOYLGULR
 /DYDGR([WUHPR>
([WUHPH:DVK
@SDUD
UHVWRVDOLPHQWLFLRVTXHVRQPX\GLItFLOHVGH
TXLWDU
$FWLYDUXQDRSFLyQGHODODYDYDMLOODV
6LJDHVWRVSDVRVSDUDDFWLYDUFXDOTXLHUDGHODV
RSFLRQHVGHODODYDYDMLOODVOLVWDGDVDEDMR
$EUDODSXHUWDGHODODYDYDMLOODVVX¿FLHQWHPHQWH
SDUDH[SRQHUHOSDQHOGHFRQWURO
3XOVHHOERWyQ212))>3UHQGHU$SDJDU@
3XOVHHOERWyQ0(182.KDVWDTXHDSDUH]FDOD
RSFLyQGHVHDGDHQHOYLVXDOL]DGRU
3XOVHHOERWyQ±RSDUDGHVSOD]DUVHDWUDYpV
GHORVDMXVWHVGHRSFLRQHVGLVSRQLEOHV
&XDQGRHOYLVXDOL]DGRUPXHVWUDHODMXVWHGHV
HDGRSXOVHHOERWyQ0(182.SDUDJXDUGDUHO
DMXVWH(OYLVXDOL]DGRULQGLFDUi³9DOXH6WRUHG´
>9DORU*XDUGDGR@\UHJUHVDUiDOPHQ~SULQFLSDO
6LXVWHGQRFDPELyHODMXVWHSXOVHHOERWyQ6WDUW
>,QLFLR@SDUDUHJUHVDUDOPHQ~SULQFLSDO
6HOHFFLRQHHOFLFORGHODYDGRGHVHDGRSXOVDQGR
ORVERWRQHV±R
3XOVHHOERWyQ6WDUW\FLHUUHODSXHUWDGHOD
ODYDYDMLOODVSDUDFRPHQ]DUHOFLFOR
127$
(QHOPHQ~GHRSFLRQHVXVWHGSXHGH
UHJUHVDUHQFXDOTXLHUPRPHQWRDOPHQ~SULQFLSDO
SXOVDQGRHOERWyQ67$57>,QLFLR@
6HOHFFLRQDURSFLRQHVGHODODYDYDMLOODV
/DVFRQ¿JXUDFLRQHVGHIiEULFDGHEHUtDQRIUHFHU
EXHQRVUHVXOWDGRVSDUDWRGDVODVRSFLRQHV
/DSXHUWDGHEHHVWDUDELHUWDSDUDDFWLYDUORV
FRQWUROHV
6HOHFFLRQHVGHODVRSFLRQHV
8VWHGSXHGHDFFHGHUDODVRSFLRQHVGLVSRQLEOHVHQHO
PHQ~GHVSOHJDEOHGHRSFLRQHV
5HWDUGDUODSXHVWDHQPDUFKD>'HOD\6WDUW@
(VWDRSFLyQOHSHUPLWHUHWDUGDUODSXHVWDHQPDUFKD
GHOFLFORVHOHFFLRQDGRKDVWDSRUKRUDVHQ
LQFUHPHQWRVGHPLQXWRV
3RZHU%RRVW$XPHQWRGH3RWHQFLD
$OSUHFDOHQWDUUHGXFHHOWLHPSRSDUDWHUPLQDUHOFLFOR
GHODYDGR
3DQHOGHFRQWURO$OJXQRVPRGHORV
/DODYDYDMLOODVLQGLFDUiPHQVDMHVHVSHFLDOHVSDUD
GDUOHDOXVXDULRLQIRUPDFLyQDGLFLRQDODFHUFDGHORV
FLFORV(VWDRSFLyQOHSHUPLWHDFWLYDURGHVDFWLYDUHVWD
RSFLyQGHPHQVDMHVHVSHFLDOHV
6HFDGR([WUD>([WUD'U\LQJ@
(VWDRSFLyQOHSHUPLWHDMXVWDUODWHPSHUDWXUDGHO
HQMXDJXH¿QDO\DVtPHMRUDUHOVHFDGRRSDUDDKRUUDU
HQHUJtD
/RVVLJXLHQWHVSXQWRVGHDMXVWHHVWiQ
GLVSRQLEOHV
 6HFDGRHFRQyPLFR±DKRUUDHQHUJtD
 6HFDGRQRUPDO±FRQ¿JXUDFLyQGHIiEULFD
 6HFDGRH[WUD±PHMRUDHOUHQGLPLHQWRGHO
VHFDGR
6HxDOGH7HUPLQDFLyQ
/DODYDYDMLOODVHPLWHXQWRQRFLQFRYHFHVSDUD
LQIRUPDUOHTXHVXVWUDVWHVHVWiQOLPSLRV\VHFRV
8VWHGSXHGHFDPELDUHOYROXPHQGHOWRQRRORSXHGH
GHVKDELOLWDU
2SHUDUOD/DYDYDMLOODV
FRQWLQXDFLyQ
$MXVWHGHODJHQWHGHHQMXDJXH
(VWDRSFLyQOHSHUPLWHDMXVWDUODFDQWLGDGGHO
DJHQWHGHHQMXDJXHTXHODODYDYDMLOODVXWLOL]DUiSDUD
FRQWURODUODIRUPDFLyQGHPDQFKDVRUD\DV
6LVXFULVWDOHUtDVDOHPDQFKDGDSXOVHSDUD
DXPHQWDUODFDQWLGDGGHODJHQWHGHHQMXDJXH6L
VXFULVWDOHUtDVDOHUD\DGDSXOVH±SDUDUHGXFLUOD
FDQWLGDGGHODJHQWHGHHQMXDJXH
$JHQWHGHHQMXDJXH±FDQWLGDGPi[LPDGH
DJHQWHGHHQMXDJXHGLVSRQLEOH
$JHQWHGHHQMXDJXH±DMXVWHGHIiEULFD
$JHQWHGHHQMXDJXH±VXUWLGRUGHODJHQWHGH
HQMXDJXHGHVKDELOLWDGR
6HOHFFLyQGHOLGLRPDTXHDSDUHFHHQODSDQWDOOD
(VWDRSFLyQOHSHUPLWHVHOHFFLRQDUHOLGLRPDTXH
DSDUHFHHQODSDQWDOOD/DSULPHUDYH]TXHXVDVX
ODYDYDMLOODVHVWDSDQWDOODDSDUHFHUiDXWRPiWLFDPHQWH
/RVVLJXLHQWHVSXQWRVGHDMXVWHHVWiQ
GLVSRQLEOHV
 $( ,QJOpV$PHULFDQR
 &) )UDQFpV&DQDGLHQVH
 06 (VSDxRO0H[LFDQR
