Anda di halaman 1dari 2

$OHJDFLRQHV GH OD $VRFLDFLyQ &XOWXUDO 6DQFKR 5DPtUH] GH

-DFD D OD GHOLPLWDFLyQ GHO &DPLQR GH 6DQWLDJR SURSXHVWD


SRU HO *RELHUQR GH $UDJyQ

' 0DULDQR 0DUFpQ PD\RU GH HGDG FRQ 1,) ' FRQ GRPLFLOLR HQ
-DFD +XHVFD HQFDOLGDGGH3UHVLGHQWH GHOD$VRFLDFLyQ6DQFKR5DPtUH]GH-DFD

$QWH HO ([FHOHQWtVLPR 6HxRU &RQVHMHUR GH &XOWXUD \ 7XULVPR GH $UDJyQ
FRPSDUH]FR\FRPRPHMRUHQ'HUHFKRSURFHGD

',*2

4XH PHGLDQWH HO SUHVHQWH HVFULWR YHQJR D LQWHUSRQHU DOHJDFLyQ FRQWUD OD
5HVROXFLyQ GHO 'LUHFWRU *HQHUDO GH 3DWULPRQLR &XOWXUDO GH IHFKD  GH MXQLR GH 
SXEOLFDGDHOGHMXOLRGHSRUODTXHVHSURFHGHDODGHOLPLWDFLyQSURYLVLRQDO\DSHUWXUD
GHXQSHULRGRGHH[SRVLFLyQS~EOLFDHQHOSURFHGLPLHQWRSDUDODGHOLPLWDFLyQItVLFDGHODUXWD
\GHOHQWRUQRDIHFWDGRSRUHO&DPLQRGH6DQWLDJRHQHOWHUULWRULRGHOD&RPXQLGDG$XWyQRPD
GH$UDJyQ

/DSUHVHQWHDOHJDFLyQHVWiIXQGDGDHQORVVLJXLHQWHVPRWLYRV

ƒ $QWHV GH FLWDUORV GHEHPRV GHFLU TXH HQ OD UHVROXFLyQ TXH DOHJDPRV VH
SUHVHQWDFRPRDQH[RXQDVHULHGHSODQRVTXHVLUYHQGHGHOLPLWDFLyQGHO&DPLQRGH6DQWLDJR
HQ $UDJyQ (Q HVWRV SODQRV VH REVHUYDQ XQD VHULH GH PRGLILFDFLRQHV FRQ UHVSHFWR D ORV
DQWHULRUPHQWHSUHVHQWDGRVHQOD5HVROXFLyQGHGHDEULOGHGHOD'LUHFFLyQ*HQHUDO
GH 3DWULPRQLR &XOWXUDO \ (GXFDFLyQ SRU OD TXH VH LQFRD H[SHGLHQWH SDUD OD LGHQWLILFDFLyQ
GHOLPLWDFLyQItVLFDGHODUXWD\GHOHQWRUQRDIHFWDGRSRUHO&DPLQRGH6DQWLDJRHQHOWHUULWRULR
GH OD &RPXQLGDG $XWyQRPD GH $UDJyQ %2$  GH  GH PD\R GH   (VWDV
PRGLILFDFLRQHVVHMXVWLILFDQHQOD5HVROXFLyQGHGHMXQLRGHODWUDYpVGHOKDOOD]JRGH
GRFXPHQWDFLyQJUiILFDKLVWyULFDGHVFRQRFLGDKDVWDHVWHPRPHQWRVREUHWRGRHQORVSXQWRVDOD
DOWXUDGHODQWLJXR+RVSLWDOGH6DQWD&ULVWLQDGH6RPSRUW\-DFD/DDXVHQFLDGHUHIHUHQFLDVD
HVWD GRFXPHQWDFLyQ GHVFRQRFLGD KDVWD HVWH PRPHQWR SRU WRGRV ORV LQYHVWLJDGRUHV VREUH HO
WHPD GH UHIHUHQFLD KDFH TXH HVWD LPSXJQDFLyQ YHD UHGXFLGDV VXV SRVLELOLGDGHV GHELGR DO
GHVFRQRFLPLHQWRVREUHODPLVPDGHELHQGRRSWDU DQWHWDODXVHQFLDSRUDOHJDFLRQHVEDVDGDVHQ
ORVHVWXGLRVTXHVHKDQUHDOL]DGRKDVWDHVWHPRPHQWR

ƒ %DViQGRQRVHQORDQWHULRUKHPRVGHKDFHUUHVDOWDUTXHODVPRGLILFDFLRQHVHQ
HO WUD]DGR TXH DKRUD UHFXUULPRV QR KDQ VLGR UHFRJLGDV HQ QLQJ~Q WUDEDMR GH LQYHVWLJDFLyQ
SXEOLFDGR KDVWD HVWH PRPHQWR VLHQGR GH GLItFLO MXVWLILFDFLyQ DO PHQRV HQ HO WUDPR GHVGH
3XHQWH OD 5HLQD KDVWD HO OtPLWH FRQ OD &RPXQLGDG )RUDO GH 1DYDUUD \ HQ &DQIUDQF (VWDV
PRGLILFDFLRQHV HQ FXDQWR D ORV GDWRV GH ORV TXH VH GLVSRQH HQ WRGRV ORV WUDEDMRV GH
LQYHVWLJDFLyQ HQ WRGDV ODV JXtDV LQFOXLGDV ODV SXEOLFDGDV SRU HO SURSLR 'HSDUWDPHQWR GH
&XOWXUD \HQOD5HVROXFLyQGHGHDEULOGHQRFRQFXHUGDQFRQODQXHYDSURSXHVWDGHO
'HSDUWDPHQWRGH&XOWXUD\7XULVPRGHO*RELHUQRGH$UDJyQ
ƒ 1R VH FRQRFHQ GDWRV HQ OR TXH UHVSHFWD D VX SDVR SRU HO +RVSLWDO GH 6DQWD
&ULVWLQD SHUR QRFUHHPRV RSRUWXQR TXHGHEDLQFOXLUVHXQUDPDOSRUGHWUiVGHOD(VWDFLyQGH
&DQIUDQF \D  TXH SRU HVWD ]RQD QR KD H[LVWLGR QXQFD FDPLQR DOJXQR VHJ~Q FRQVWD HQ
GRFXPHQWDFLyQ IRWRJUiILFD SUHYLD D OD FRQVWUXFFLyQ GH OD FLWDGD HVWDFLyQ 6HJ~Q HVWD
GRFXPHQWDFLyQHOFDPLQRSURFHGHQWHGHOKRVSLWDOGH6DQWD&ULVWLQDQRIXHPRGLILFDGRFXDQGR
VHUHDOL]DURQODVREUDVGHOIHUURFDUULO

ƒ 6HJ~QVHGHVSUHQGHGHODGRFXPHQWDFLyQJUiILFDGHOD5HVROXFLyQFRPEDWLGD
HO UDPDO VHFXQGDULR TXH SDUWtD GH 3XHQWH OD 5HLQD KDVWD HO OtPLWH GH 1DYDUUD FRQ DOJXQDV
XQLRQHVSXQWXDOHVFRQHOUDPDOSULQFLSDOTXHGLVFXUUHSRUODPDUJHQL]TXLHUGDGHOUtR$UDJyQ
FRPRHQHOFDVRGH7LHUPDVFRQ6DQ-XDQ%DXWLVWDGH5XHVWDKDVLGRVXSULPLGRGHODQXHYD
FDUWRJUDItD (VWD VXSUHVLyQ FRQVLGHUDPRV TXH GHEH VHU UHHPSOD]DGD GH QXHYR GHELGR D TXH
VHJ~QORVWUDEDMRVGHLQYHVWLJDFLyQSXEOLFDGRVKDVWDHOPRPHQWRODVSREODFLRQHVGH%HUG~Q
6LJXHV 7LHUPDV HWF WXYLHURQ XQD UHODFLyQ GRFXPHQWDGD \ HVWUHFKD FRQ HO &DPLQR GH
6DQWLDJRGHVGHHORULJHQGHOPLVPR

ƒ 8QD GH ODV PRGLILFDFLRQHV PDV LPSRUWDQWHV TXH VH LQFOX\HQ HQ HO QXHYR
WUD]DGR\ TXH QRHVMXVWLILFDEOHHVHOWUDPRHQWUHOD]RQDGH$UWLHGD\8QGXpVGH/HUGD(Q
pVWHODUHVROXFLyQTXHUHFXUULPRVLQFOX\HXQQXHYRWUD]DGRWRWDOPHQWHDUWLILFLDOTXHVHDOHMD
GHOPRQDVWHULR GH 6DQ-XDQTXH FRPR HV VDELGR SRUWRGRVWXYRXQSDSHOLPSRUWDQWHGHQWUR
GHO FDPLQR GH 6DQWLDJR HQ XQD ]RQD GRQGH VH XQtD FRQ HO UDPDO TXH SDVDED SRU OD ]RQD GH
7LHUPDV(VWHDOHMDPLHQWRVXSRQHXQDPRGLILFDFLyQTXHQRVHGHEHPDQWHQHUSRUTXHORVGDWRV
GH OD GRFXPHQWDFLyQ PHGLHYDO \ ORV UHVWRV FRQVHUYDGRV HQ HO FDPSR GHPXHVWUDQ TXH HO
&DPLQR SDVDED SRU HO PRQDVWHULR GH 6DQ -XDQ TXH SXHGH VHU HO GH 0DOWUD\ FLWDGR HQ ORV
GRFXPHQWRV PHGLHYDOHV PLHQWUDV TXH HO QXHYR WUDPR SURSXHVWR SDUD HVWD ]RQD HV
FRPSOHWDPHQWH QXHYR \ VLQ EDVH FLHQWtILFD SDUD VX PDQWHQLPLHQWR /R PLVPR RFXUUH FRQ HO
WUDPRHQWUH5XHVWD\8QGXpVGH/HUGDTXHVHJ~QWRGDVODVLQIRUPDFLRQHVUHFRJLGDVHOFDPLQR
SDVDED D WUDYpV GH XQ SXHQWH PHGLHYDO GHO TXH WRGDYtD VH FRQVHUYDQ UHVWRV OOHJDQGR D OD
HUPLWD GH 6DQWLDJR GH 5XHVWD GRQGH H[LVWLy XQD ³DOEHUJXHUtD´ GH SHUHJULQRV \ QR SRU HO
WUD]DGR TXH VH SURSRQH HQ OD DFWXDOLGDG DOHMDGR GH OD PLVPD 7DPSRFR KHPRV HQFRQWUDGR
DQWHFHGHQWHV GH OD H[LVWHQFLD GH GRV UDPDOHV GHVGH 8QGXpV GH /HUGD KDVWD HO OtPLWH GH OD
&RPXQLGDG$XWyQRPDGH$UDJyQ

3RUORH[SXHVWR

$O([FHOHQWtVLPRVHxRU&RQVHMHURGH&XOWXUD\7XULVPRGH$UDJyQVHVROLFLWDTXH
WHQLHQGRSRUSUHVHQWDGRHVWHHVFULWRVHVLUYDDGPLWLUOR\HQVXYLUWXGWHQHUSRULQWHUSXHVWDHQ
VX GHELGR WLHPSR \ IRUPD OD DOHJDFLyQ TXH FRQWUD OD 5HVROXFLyQ GHO 'LUHFWRU *HQHUDO GH
3DWULPRQLR&XOWXUDOGHIHFKDGHMXQLRGHSXEOLFDGDHOGHMXOLRGHOPLVPRDxR\
WUDV ORV RSRUWXQRV WUiPLWHV WHQHU HQ FXHQWD ODV SURSXHVWDV TXH VH UHODFLRQDQ FRQ ODV
PRGLILFDFLRQHV DO QXHYR WUD]DGR SODQWHDGR SRU HVH 'HSDUWDPHQWR GH &XOWXUD \ 7XULVPR GHO
*RELHUQRGH$UDJyQ

(VMXVWLFLDTXHSLGRHQ-DFDDGLHFLQXHYHGHDJRVWRGHGRVPLOXQR

)GR'0DULDQR0DUFpQ
3UHVLGHQWHGHOD$VRFLDFLyQ&XOWXUDO6DQFKR5DPtUH]GH-DFD

Anda mungkin juga menyukai