(O FRPSOHMRSURFHVRGHHODERUDFLyQGH ORV WH[WRV TXHVXHOHVHUHVWXGLDGRSRUORVELEOLVWDVUHVSRQGH FRQIUHFXHQFLDDSURFHVRVGHHYROXFLyQFRQIOLFWRR PHVWL]DMHGHWLSRWDPELpQUHOLJLRVR

&RPLWp&LHQWtILFR x 'U ' 5DIDHO $JXLUUH 0RQDVWHULR 3URIHVRU
HPpULWR GH OD )DFXOWDG GH 7HRORJtD GH OD 8QLYHUVLGDGGH'HXVWR
x 'U ' 'DYLG ÈOYDUH] &LQHLUD 3URIHVRU GHO (VWXGLR7HROyJLFR$JXVWLQLDQRGH9DOODGROLG
x 'U'-RVp/XLV%DUULRFDQDO*yPH]3URIHVRU GH OD )DFXOWDG GH 7HRORJtD GHO 1RUWH GH (VSDxD±6HGH%XUJRV
x 'UD'xD&DUPHQ%HUQDEp8ELHWD3URIHVRUD GH OD)DFXOWDGGH7HRORJtDGH OD8QLYHUVLGDG GH'HXVWR
x 'U ' -XDQ &KDSD 3UDGR 3URIHVRU GH OD )DFXOWDG GH 7HRORJtD GH OD 8QLYHUVLGDG GH 1DYDUUD
x 'U'-XDQ0LJXHO'tD]5RGHODV3URIHVRUGH OD)DFXOWDGGH7HRORJtDGH9DOHQFLD
x 'U'1DWDOLR)HUQiQGH]0DUFRV3URIHVRUGH ,QYHVWLJDFLyQHQHO'HSDUWDPHQWRGH)LORORJtD %tEOLFD \ GH 2ULHQWH $QWLJXR GHO ,QVWLWXWR GH )LORORJtDGHO&6,&
x 'U ' *RQ]DOR )ORU 6HUUDQR 3URIHVRU GHO &HQWURGH(VWXGLRV7HROyJLFRVGH6HYLOOD
x 'U'6DQWLDJR*XLMDUUR2SRUWR3URIHVRU GH OD )DFXOWDG GH 7HRORJtD GH OD 8QLYHUVLGDG 3RQWLILFLDGH6DODPDQFD
x 'UD 'xD *XDGDOXSH 6HLMDV GH ORV 5tRV =DU]RVD 3URIHVRUD GHO 'HSDUWDPHQWR GH (VWXGLRV +HEUHRV \ $UDPHRV GH OD 8QLYHUVLGDG&RPSOXWHQVHGH0DGULG

&RPLWp&LHQWtILFR x 'U ' 5DIDHO $JXLUUH 0RQDVWHULR 3URIHVRU
HPpULWR GH OD )DFXOWDG GH 7HRORJtD GH OD 8QLYHUVLGDGGH'HXVWR
x 'U ' 'DYLG ÈOYDUH] &LQHLUD 3URIHVRU GHO (VWXGLR7HROyJLFR$JXVWLQLDQRGH9DOODGROLG
x 'U'-RVp/XLV%DUULRFDQDO*yPH]3URIHVRU GH OD )DFXOWDG GH 7HRORJtD GHO 1RUWH GH (VSDxD±6HGH%XUJRV
x 'UD'xD&DUPHQ%HUQDEp8ELHWD3URIHVRUD GH OD)DFXOWDGGH7HRORJtDGH OD8QLYHUVLGDG GH'HXVWR
x 'U ' -XDQ &KDSD 3UDGR 3URIHVRU GH OD )DFXOWDG GH 7HRORJtD GH OD 8QLYHUVLGDG GH 1DYDUUD
x 'U'-XDQ0LJXHO'tD]5RGHODV3URIHVRUGH OD)DFXOWDGGH7HRORJtDGH9DOHQFLD
x 'U'1DWDOLR)HUQiQGH]0DUFRV3URIHVRUGH ,QYHVWLJDFLyQHQHO'HSDUWDPHQWRGH)LORORJtD %tEOLFD \ GH 2ULHQWH $QWLJXR GHO ,QVWLWXWR GH )LORORJtDGHO&6,&
x 'U ' *RQ]DOR )ORU 6HUUDQR 3URIHVRU GHO &HQWURGH(VWXGLRV7HROyJLFRVGH6HYLOOD
x 'U'6DQWLDJR*XLMDUUR2SRUWR3URIHVRU GH OD )DFXOWDG GH 7HRORJtD GH OD 8QLYHUVLGDG 3RQWLILFLDGH6DODPDQFD
x 'UD 'xD *XDGDOXSH 6HLMDV GH ORV 5tRV =DU]RVD 3URIHVRUD GHO 'HSDUWDPHQWR GH (VWXGLRV +HEUHRV \ $UDPHRV GH OD 8QLYHUVLGDG&RPSOXWHQVHGH0DGULG

(O &RQJUHVR YD GLULJLGR D SURIHVRUHV GH %LEOLD WHRORJtD HVWXGLRV VHPtWLFRV KLVWRULD ILORVRItD KXPDQLGDGHV UHOLJLyQ HGXFDFLyQ DOXPQRV GH OLFHQFLDWXUD SRVWJUDGR \ GRFWRUDGR \ D FXDOTXLHU SHUVRQDLQWHUHVDGDHQHVWXGLRVEtEOLFRV
6HGHGHO&RQJUHVR

&(1752'((678',267(2/Ï*,&266(9,//$ $JUHJDGRDOD)DFXOWDGGH7HRORJtDGH*UDQDGD &&DUGHQDO%XHQR0RQUHDO $SDUWDGRGH&RUUHRV 6(9,//$ 7HO)D[
,QVFULSFLyQHLQIRUPDFLyQ
&827$'(,16&5,3&,Ï1
0DWUtFXODRUGLQDULDΦ 0DWUtFXODSDUDORVPLHPEURVGHOD$%(Φ 0DWUtFXODSDUDHVWXGLDQWHVΦ /DFXRWDGDGHUHFKRDUHFLELUHOGLSORPDGH DVLVWHQFLD\DSDUWLFLSDUHQWRGDVODVDFWLYLGDGHV FXOWXUDOHV





,QDXJXUDFLyQGHOFRQJUHVR
7KH (PHUJHQFH RI 0RQRWKHLVP 3ROLWLFDO 7KHRORJ\IURP7ULEHVWR(PSLUH
'U ' 5RQDOG 6 +HQGHO 3URIHVRU GH %LEOLD /LWHUDWXUD %tEOLFD 5HOLJLyQ 0LWRORJtD FRPSDUDGD 8QLYHUVLGDG GH &DOLIRUQLD%HUNHOH\
)LQDOGHODSRQHQFLD
'LRVGHSD]'LRVYLROHQWR$PELYDOHQFLDV WHROyJLFDVGHVGHHO1XHYR7HVWDPHQWR
'U ' 0RLVpV 0D\RUGRPR 0DUtQ 3URIHVRUGRFHQWHGH1XHYR7HVWDPHQWRH +LVWRULD GH OD UHOLJLyQ 8QLYHUVLGDG GH %HUQD
'HVFDQVR
,QDXJXUDFLyQGHOFRQJUHVR
7KH (PHUJHQFH RI 0RQRWKHLVP 3ROLWLFDO 7KHRORJ\IURP7ULEHVWR(PSLUH
'U ' 5RQDOG 6 +HQGHO 3URIHVRU GH %LEOLD /LWHUDWXUD %tEOLFD 5HOLJLyQ 0LWRORJtD FRPSDUDGD 8QLYHUVLGDG GH &DOLIRUQLD%HUNHOH\
)LQDOGHODSRQHQFLD
'LRVGHSD]'LRVYLROHQWR$PELYDOHQFLDV WHROyJLFDVGHVGHHO1XHYR7HVWDPHQWR
'U ' 0RLVpV 0D\RUGRPR 0DUtQ 3URIHVRUGRFHQWHGH1XHYR7HVWDPHQWRH +LVWRULD GH OD UHOLJLyQ 8QLYHUVLGDG GH %HUQD
'HVFDQVR
$XOD%LEOLD\2ULHQWH$QWLJXR
'U -XDQ GH 'LRV 0DUWtQ 9HODVFR 3URIHVRU HPpULWR8QLY3RQW6DODPDQFD
x /D LPDJHQ GH 'LRV DSUR[LPDFLyQ IHQRPHQROyJLFD
'U-XOLR7UHEROOH%DUUHUD8QLY&RPSOXWHQVH 0DGULG
x ,PiJHQHV GH OD GLYLQLGDG HQ HO DQWLJXR 2ULHQWH\HQOD%LEOLD
'U -HV~V *DUFtD 5HFLR ,QVWLWXWR %tEOLFR \ 2ULHQWDO/HyQ
x 'LRVKXPDQRGHSLHVDFDEH]D

'U &DUORV *UDQDGRV 8QLY 6DQ 'iPDVR 0DGULG
x (O'LRVGHO&DQWDUGHORV&DQWDUHV
'UD ,QPDFXODGD 5RGUtJXH] 7RPp 8QLY &RPSOXWHQVH0DGULG

'U 5LFKDUG %DXFNKDP 3URIHVRU HPpULWR HQ 6W$QGUHZV(VFRFLD
x &RU 3DXO¶V 9LVLRQ RI WKH )DFH RI -HVXVDV*RG¶VIDFH
'U&DUORV*LO8QLYGH'HXVWR%LOEDR
x /D WUDQVIRUPDFLyQ GH 'LRV HQ OD WUDGLFLyQ SDXOLQD

'U ÈOYDUR 3HUHLUD &HQWUR GH (VWXGLRV 7HROyJLFRV6HYLOOD x /DVSURIXQGLGDGHVGH'LRV&R5P

$XOD GH (VFULWRV ,QWHUWHVWDPHQWDULRV \ 5DEtQLFRV
'U $UPDQG 3XLJ L 7iUUHFK )DFXOWDG GH 7HRORJtDGH&DWDOXxD%DUFHORQD
x $OJXQDV DSUR[LPDFLRQHV JQyVWLFDV D OD ILJXUDGH-HVXFULVWR
'U$QGUpV*DUFtD8QLY6DQ'iPDVR0DGULG

'UD ,UPWUDPXG )LVKHU 8QLYGH*UD]*UD] $XVWULD
x ,PDJHV RI *RG DIWHU WKH VKLIW WR 0RQRWKHLVPQRWDQ\LFRQEXWPXOWLIDFHGLQ PHWDSKRUV
'U )HUQDQGR 6HJRYLD 8QLY GH 9DQGHUELOW 1DVKYLOOH86$
x /D UHSUHVHQWDFLyQ GH 'LRV HQ -XDQ 8Q DFHUFDPLHQWRWHROyJLFRLGHROyJLFR
'UD(OLVD(VWpYH]8QLY3&RPLOODV0DGULG
x ([SHULHQFLD GH 'LRV HQ ODV PDWULDUFDV GH ,VUDHO

'U )UDQFLVFR -DYLHU 9DOOLQD 8QLY &RPSOXWHQVH0DGULG

'U ÈOYDUR 3HUHLUD &HQWUR GH (VWXGLRV 7HROyJLFRV6HYLOOD x /DVSURIXQGLGDGHVGH'LRV&R5P

$XOD GH (VFULWRV ,QWHUWHVWDPHQWDULRV \ 5DEtQLFRV
'U $UPDQG 3XLJ L 7iUUHFK )DFXOWDG GH 7HRORJtDGH&DWDOXxD%DUFHORQD
x $OJXQDV DSUR[LPDFLRQHV JQyVWLFDV D OD ILJXUDGH-HVXFULVWR
'U$QGUpV*DUFtD8QLY6DQ'iPDVR0DGULG

'UD ,UPWUDPXG )LVKHU 8QLYGH*UD]*UD] $XVWULD
x ,PDJHV RI *RG DIWHU WKH VKLIW WR 0RQRWKHLVPQRWDQ\LFRQEXWPXOWLIDFHGLQ PHWDSKRUV
'U )HUQDQGR 6HJRYLD 8QLY GH 9DQGHUELOW 1DVKYLOOH86$
x /D UHSUHVHQWDFLyQ GH 'LRV HQ -XDQ 8Q DFHUFDPLHQWRWHROyJLFRLGHROyJLFR
'UD(OLVD(VWpYH]8QLY3&RPLOODV0DGULG
x ([SHULHQFLD GH 'LRV HQ ODV PDWULDUFDV GH ,VUDHO

'U )UDQFLVFR -DYLHU 9DOOLQD 8QLY &RPSOXWHQVH0DGULG

'U$JXVWtQGHO$JXD0DGULG
x (O PHQVDMH GH OD %LEOLD D XQD FXOWXUD VHFXODUIH\SURFHVRHVSLULWXDOKR\
'U/XLV6iQFKH]1DYDUUR8QLY6DQ'iPDVR 0DGULG
x 8Q /RJRV UHQRYDGRU 3DODEUD EtEOLFD \ FXOWXUDKXPDQD
)LQDOGHODVDXODV
(O QXHYR OHQJXDMH UHOLJLRVR GHO MXGDtVPR KHOHQtVWLFR
'U ' 1DWDOLR )HUQiQGH] 0DUFRV 3URIHVRU 9LQFXODGR DG +RQRUHP HQ HO &6,& &HQWUR GH &LHQFLDV +XPDQDV \ 6RFLDOHV0DGULG
'HVFDQVR
/GR -RVp $QWRQLR &DVWUR /RGHLUR ,QVWLWXWR 7HROyJLFR &RPSRVWHODQR 6DQWLDJR GH &RPSRVWHOD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x /RV DIHFWRV GH 'LRV HQ OD WUDGLFLyQ PHVRSRWiPLFD
/GR -RVp$QGUpV 6iQFKH]$EDUULR ,QVWLWXWR %tEOLFR\2ULHQWDO/HyQ
x 'LRVVLOHQWHHQODVODPHQWDFLRQHVEtEOLFDV\ PHVRSRWiPLFDV


'UD 0DUWD *DUFtD )HUQiQGH] 8QLY 3 &RPLOODV0DGULG
x (O URVWUR PDWHUQR GH 'LRV HQ ORV WH[WRV %tEOLFRV\RULHQWDOHV
'UD 0DUtD /X] 0DQJDGR 8QLY GH 1DYDUUD 3DPSORQD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x (O FRQFHSWR GH QWU DQLPDOHV VDJUDGRV HJLSFLRV

'U(QULTXH6DQ]8QLY3&RPLOODV0DGULG
x (OURVWURGH'LRVHQHOOLEURGHOe[RGR
'U-RDTXtQ*RQ]iOH](FKHJDUD\,QVWLWXWRGH ,QYHVWLJDFLRQHV3UHKLVWyULFDV6DQWDQGHU
x 2WUDYH]HO6LQDtXOWLPDVFXHVWLRQHVVREUH VXORFDOL]DFLyQ
'U -RVp /XLV %DUULRFDQDO )DFXOWDG GH 7HRORJtD%XUJRV

'U &DPLOOH)RFDQW8QLYGH/RYDLQDOD1XHYD %pOJLFD
x /H OLHX GH OD SUpVHQFH GH 'LHX GDQV O pYDQJLOHVHORQ0DUF
'U /HLI 9DDJH (PPDQXHO &ROOHJH 8QLY GH 7RURQWR&DQDGi
x (OURVWURGH'LRVHQHOHYDQJHOLRGH0DUFRV
'U 5DIDHO $JXLUUH&DWHGUiWLFRHPpULWR8QLY GH'HXVWR%LOEDR
x -HV~V(PPDQXHOHQHOHYDQJHOLRGH0DWHR


'UD 0DUWD *DUFtD )HUQiQGH] 8QLY 3 &RPLOODV0DGULG
x (O URVWUR PDWHUQR GH 'LRV HQ ORV WH[WRV %tEOLFRV\RULHQWDOHV
'UD 0DUtD /X] 0DQJDGR 8QLY GH 1DYDUUD 3DPSORQD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x (O FRQFHSWR GH QWU DQLPDOHV VDJUDGRV HJLSFLRV

'U(QULTXH6DQ]8QLY3&RPLOODV0DGULG
x (OURVWURGH'LRVHQHOOLEURGHOe[RGR
'U-RDTXtQ*RQ]iOH](FKHJDUD\,QVWLWXWRGH ,QYHVWLJDFLRQHV3UHKLVWyULFDV6DQWDQGHU
x 2WUDYH]HO6LQDtXOWLPDVFXHVWLRQHVVREUH VXORFDOL]DFLyQ
'U -RVp /XLV %DUULRFDQDO )DFXOWDG GH 7HRORJtD%XUJRV

'U &DPLOOH)RFDQW8QLYGH/RYDLQDOD1XHYD %pOJLFD
x /H OLHX GH OD SUpVHQFH GH 'LHX GDQV O pYDQJLOHVHORQ0DUF
'U /HLI 9DDJH (PPDQXHO &ROOHJH 8QLY GH 7RURQWR&DQDGi
x (OURVWURGH'LRVHQHOHYDQJHOLRGH0DUFRV
'U 5DIDHO $JXLUUH&DWHGUiWLFRHPpULWR8QLY GH'HXVWR%LOEDR
x -HV~V(PPDQXHOHQHOHYDQJHOLRGH0DWHR

'UD /RUHQD 0LUDOOHV 8QLY GH *UDQDGD *UDQDGD
x ¢8Q'LRVGHMXUDPHQWRVWHVWLJRV\FXOSDV" (O 'LRV TXH LQWHUYLHQH HQ OD YLGD \ HQ OD KLVWRULDVHJ~QODLQWHUSUHWDFLyQUDEtQLFDGH /Y5D/Y
'UD2OJD5Xt]8QLYGH*UDQDGD*UDQDGD

/GD*UDFLHOD'LER8QLY3&RPLOODV0DGULG
x $XWRULGDG \ SRGHU HQ FODYH GH GLIHUHQFLD VH[XDO 5HODFLRQHV \ GLVFXUVRV GH OD SUHGLFDFLyQHQ7HVDOyQLFD7HV
/GD&DUPHQ<HEUD8QLY3&RPLOODV0DGULG
x /D UHSUHVHQWDFLyQ DUWtVWLFD FRPR IXHQWH SDUDHOFRQRFLPLHQWREtEOLFR
/GD *ODILUD -LPpQH] ,QVWLWXWR%DUWRORPpGH ODV&DVDV/LPD3HU~

$XODGH%LEOLD\&XOWXUD
'U 0$ %HOWUiQ² /GR 0LJXHO 5LHUD )RQW 8QLYGHODV,VODV%DOHDUHV3DOPDGH0DOORUFD
x 3DUW]XILP HQ3XHUWDGHO&LHORGH$EUDKDP &RKHQ GH +HUUHUD FRPR DQWHFHGHQWH GHO IDFLHVWRWLXVXQLYHUVR6SLQR]LDQR
'UD0-RVp&DEH]DV0iODJD
x (OURVWURGH'LRVHQHOFHQWyQGH3URED
'U ,JQDFLR &DUEDMRVD 8QLY 6DQ 'iPDVR 0DGULG
x 9ROYHU D FRQWDU OD KLVWRULD EtEOLFD (Q GLiORJRFRQODREUDGH-RVp-LPpQH]/R]DQR
'U -RVp$OEHUWR*DULMR )DFXOWDGGH7HRORJtD 9DOHQFLD
x (O URVWUR GH 'LRV HQ OD SRHVtD GH %ODV GH 2WHUR\-HKXGD$PLMDL
)LQDOGHODVDXODV
/GR$OIRQVR9LYHV ,QVWLWXWR%tEOLFR\2ULHQWDO /HyQ ² (VWXGLR 7HROyJLFR $JXVWLQLDQR 9DOODGROLG
x /DLPDJHQGH'LRVHQ(JLSWR\HQOD%LEOLD ODVLQVWUXFFLRQHVGH0HULNDUp
'UD $GHOLQD 0LOOHW$OEi 8QLYGH%DUFHORQD %DUFHORQD
x /RVURVWURVGH<+:+ODVUHSUHVHQWDFLRQHV GH<+:+HQHO$QWLJXR ,VUDHO LFRQLVPRR DQLFRQLVPR
/GR)ORUHQWLQR$ORQVR$ORQVR&6(7/HyQ² ,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x &DUDDFDUDFRQ'LRV

x &XOWXUD RILFLDO \ FXOWXUD SRSXODU HQ OD SURYLQFLDGH<HKXG
'UD 1XULD &DOGXFK %HQDJHV 3RQWLILFLD8QLY *UHJRULDQD5RPD

'U ,JQDFLR &DUEDMRVD 8QLY 6DQ 'iPDVR 0DGULG
x 9ROYHU D FRQWDU OD KLVWRULD EtEOLFD (Q GLiORJRFRQODREUDGH-RVp-LPpQH]/R]DQR
'U -RVp$OEHUWR*DULMR )DFXOWDGGH7HRORJtD 9DOHQFLD
x (O URVWUR GH 'LRV HQ OD SRHVtD GH %ODV GH 2WHUR\-HKXGD$PLMDL
)LQDOGHODVDXODV
/GR$OIRQVR9LYHV ,QVWLWXWR%tEOLFR\2ULHQWDO /HyQ ² (VWXGLR 7HROyJLFR $JXVWLQLDQR 9DOODGROLG
x /DLPDJHQGH'LRVHQ(JLSWR\HQOD%LEOLD ODVLQVWUXFFLRQHVGH0HULNDUp
'UD $GHOLQD 0LOOHW$OEi 8QLYGH%DUFHORQD %DUFHORQD
x /RVURVWURVGH<+:+ODVUHSUHVHQWDFLRQHV GH<+:+HQHO$QWLJXR ,VUDHO LFRQLVPRR DQLFRQLVPR
/GR)ORUHQWLQR$ORQVR$ORQVR&6(7/HyQ² ,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x &DUDDFDUDFRQ'LRV

x &XOWXUD RILFLDO \ FXOWXUD SRSXODU HQ OD SURYLQFLDGH<HKXG
'UD 1XULD &DOGXFK %HQDJHV 3RQWLILFLD8QLY *UHJRULDQD5RPD


x $SRUWDFLRQHV GHO 1HZ /LWHUDU\ &ULWLFLVP D ORV HVWXGLRV YHWHURWHVWDPHQWDULRV HVWDGR GHODFXHVWLyQ
'U0LJXHOÈQJHO*DU]yQ&(76HYLOOD
x (OURVWURDOHJUHGH'LRV

'UD 5REHUWD )UDQFKL 8QLY GH $DUKXV 'LQDPDUFD
x 8QR GHL YROWL GL 'LR LQ 3DROR OD ORQJDQL PLWj
'U&DUORV6RVD8QLYGH(GLPEXUJR(VFRFLD
x 7UHVURVWURVGH'LRVHQHOFXDUWRHYDQJHOLR
'U $OEHUWR GH 0LQJR ,6&0 0DGULG ² $FDGHPLD$OIRQVLDQD5RPD
x /RVURVWURVGH-HV~VHYDQJHOLRKLVWRULD\ GRJPD

'U )HUQDQGR 5LYDV 8QLY 3 &RPLOODV 0DGULG
x 7LSRORJtD \ DOHJRUtD GRV GLIHUHQWHV KHUPHQpXWLFDVSDWUtVWLFDV
/GD&DUPHQ6RWR8QLY3&RPLOODV0DGULG
x (O 'LRV EHQpYROR \ PLVHULFRUGLRVR H[pJHVLV \ SUHGLFDFLyQ HQ OD +RP(] , GH 2UtJHQHVGH$OHMDQGUtD
'UD1XULD0DUWtQH]*D\RO 8QLY3&RPLOODV 0DGULG

$XODGH%LEOLD\&XOWXUD
/GR -HV~V &DPSRV 8QLY GH 6DODPDQFD 6DODPDQFD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x /RVRWURVH[LOLRV/HFWXUDLQWHUWH[WXDOGHXQ DFRQWHFLPLHQWRIXQGDQWH
'U -RVp &HUYDQWHV ,QVWLWXWR 7HROyJLFR 6DQ )XOJHQFLR 0XUFLD 8QLY &DWyOLFD ³6DQ 3DEOR´ 6DQWD&UX]GHOD6LHUUD%ROLYLD
x /D SULRULGDG GH ORV SREUHV HQ HO 1XHYR 7HVWDPHQWRFRPRSULQFLSLRGHRWURPXQGR SRVLEOH
/GR-RUJH*yPH]8QLYGH$OLFDQWH$OLFDQWH
x /DLFRQRJUDItDGH'LRVHQHO$7
'U )HOLSH * +HUQiQGH] 0XxR] 8QLY &RPSOXWHQVH0DGULG
x 8QSDVHRSRU ORVSHUVRQDMHV IHPHQLQRVGHO $7DWUDYpVGH ODVSLQWXUDVGHO0XVHRGHO 3UDGR
'HVFDQVR
'U 0LJXHO 5RGUtJXH] 37+ %HQHGLNWEHXHUQ $OHPDQLD
x (O FRQFHSWR GH YHUGDG FRPR FODYH KHUPHQpXWLFDHQJHQHUDOSHURVREUHWRGR GHVGHHOSXQWRGHYLVWDWHROyJLFRH[HJpWLFR HQ3DEOR\-XDQ
'U &DUORV -yGDU 3RQWLILFLD 8QLY GH OD 6DQWD &UX]5RPD
x &RQVLGHUDFLRQHV VREUH HO FDUiFWHU OLWHUDULR GHOD%LEOLD
/GR-XVWLQR0DUWtQH]%DUFHORQD

$XODGH%LEOLD\&XOWXUD
/GR -HV~V &DPSRV 8QLY GH 6DODPDQFD 6DODPDQFD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x /RVRWURVH[LOLRV/HFWXUDLQWHUWH[WXDOGHXQ DFRQWHFLPLHQWRIXQGDQWH
'U -RVp &HUYDQWHV ,QVWLWXWR 7HROyJLFR 6DQ )XOJHQFLR 0XUFLD 8QLY &DWyOLFD ³6DQ 3DEOR´ 6DQWD&UX]GHOD6LHUUD%ROLYLD
x /D SULRULGDG GH ORV SREUHV HQ HO 1XHYR 7HVWDPHQWRFRPRSULQFLSLRGHRWURPXQGR SRVLEOH
/GR-RUJH*yPH]8QLYGH$OLFDQWH$OLFDQWH
x /DLFRQRJUDItDGH'LRVHQHO$7
'U )HOLSH * +HUQiQGH] 0XxR] 8QLY &RPSOXWHQVH0DGULG
x 8QSDVHRSRU ORVSHUVRQDMHV IHPHQLQRVGHO $7DWUDYpVGH ODVSLQWXUDVGHO0XVHRGHO 3UDGR
'HVFDQVR
'U 0LJXHO 5RGUtJXH] 37+ %HQHGLNWEHXHUQ $OHPDQLD
x (O FRQFHSWR GH YHUGDG FRPR FODYH KHUPHQpXWLFDHQJHQHUDOSHURVREUHWRGR GHVGHHOSXQWRGHYLVWDWHROyJLFRH[HJpWLFR HQ3DEOR\-XDQ
'U &DUORV -yGDU 3RQWLILFLD 8QLY GH OD 6DQWD &UX]5RPD
x &RQVLGHUDFLRQHV VREUH HO FDUiFWHU OLWHUDULR GHOD%LEOLD
/GR-XVWLQR0DUWtQH]%DUFHORQD


'U)UDQFHVF5DPLV&HQWUR7HROyJLFR3DOPD GH0DOORUFD
x /D&DSLOODGHOD(XFDULVWtD0LTXHO%DUFHOy &DWHGUDOGH0DOORUFD
'U3HSH/DJR,QVWLWXWR7HROyJLFR &RPSRVWHODQR6DQWLDJRGH&RPSRVWHOD
x /DKLVWRULDGHVDOYDFLyQHQHOSyUWLFRGHOD *ORULDGHOD&DWHGUDOGH6DQWLDJRGH &RPSRVWHOD
/GR-DYLHU9HODVFR$ULDV,QVWLWXWR6XSHULRU GH&LHQFLDV5HOLJLRVDV%DUFHORQD
x /D6DJUDGDIDPLOLDGH*DXGt/D%LEOLDGH 3LHGUD
/GD &DUPHQ <HEUD 8QLY 3 &RPLOODV 0DGULG



$XOD%LEOLD\2ULHQWH$QWLJXR
/GR -HV~V &DPSRV 8QLY GH 6DODPDQFD 6DODPDQFD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x (O OXJDU GH (VGUiV \ 1HKHPtDV HQ ORV RUtJHQHVGHO-XGDtVPR
/GR ) -DYLHU 5Xt] 2UWL] ,QVWLWXWR%tEOLFR\ 2ULHQWDO/HyQ
x &XDQGR'LRVHVFRQGHVXURVWUR(VWXGLRGH ODDXVHQFLDGH'LRVHQHOOLEURGH(VWKHU
'UD&DUROLQD$]QDU8QLY6W/RXLV0DGULG

'U -RVp 6RWR &KLFD &HQWUR GH (VWXGLRV %L]DQWLQRV*UDQDGD
x 1XHYR 'DYLG 1XHYR 1Rp QXHYR 0RLVpV QXHYR'DQLHO«
/GD ,VDEHO &DEUHUD 5DPRV &HQWUR GH (VWXGLRV%L]DQWLQRV*UDQDGD
x /RVKpURHVGHO$7\ORVFUX]DGRV
/GR &DUORV 0DUWtQH] &DUUDVFR &HQWUR GH (VWXGLRV%L]DQWLQRV*UDQDGD



$XOD%LEOLD\2ULHQWH$QWLJXR
/GR -HV~V &DPSRV 8QLY GH 6DODPDQFD 6DODPDQFD²,QVWLWXWR%tEOLFR\2ULHQWDO/HyQ
x (O OXJDU GH (VGUiV \ 1HKHPtDV HQ ORV RUtJHQHVGHO-XGDtVPR
/GR ) -DYLHU 5Xt] 2UWL] ,QVWLWXWR%tEOLFR\ 2ULHQWDO/HyQ
x &XDQGR'LRVHVFRQGHVXURVWUR(VWXGLRGH ODDXVHQFLDGH'LRVHQHOOLEURGH(VWKHU
'UD&DUROLQD$]QDU8QLY6W/RXLV0DGULG

'U -RVp 6RWR &KLFD &HQWUR GH (VWXGLRV %L]DQWLQRV*UDQDGD
x 1XHYR 'DYLG 1XHYR 1Rp QXHYR 0RLVpV QXHYR'DQLHO«
/GD ,VDEHO &DEUHUD 5DPRV &HQWUR GH (VWXGLRV%L]DQWLQRV*UDQDGD
x /RVKpURHVGHO$7\ORVFUX]DGRV
/GR &DUORV 0DUWtQH] &DUUDVFR &HQWUR GH (VWXGLRV%L]DQWLQRV*UDQDGD



'U -RVp $QWRQLR %DGLROD )DFXOWDG GH 7HRORJtD9LWRULD
x (OURVWURGH'LRVHQODKXPDQLGDGGHO6HxRU -HV~V
'UD /RXUGHV *DUFtD 8UHxD 8QLY &(86DQ 3DEOR0DGULG
x (ODSRFDOLSVLV ODUHYHODFLyQGHORVGLVWLQWRV URVWURVGH'LRV
/GR )UDQFLVFR &HQWHQR ,QVWLWXWR %tEOLFR \ 2ULHQWDO/HyQ
x -HVXFULVWR HO URVWUR HQFDUQDGR H LPLWDEOH GH'LRV

$XODGH1XHYDV+HUPHQpXWLFDV
'UD(VWKHU0LTXHO0DGULG
x /D LPDJHQGH'LRV FRPRHVStULWX SRVHHGRU HQHO1XHYR7HVWDPHQWR
'UD0HUFHGHV1DYDUUR0DGULG
x /D KHUPHQpXWLFD SVLFROyJLFD \ OD %LEOLD $OJXQRVHMHPSORV
'U 3HGUR =DPRUD 8QLY3&RPLOODV0DGULG² )DFXOWDGWHRORJtD6(87(O(VFRULDO
x (OtDVSURIHWDGHOQXHYRURVWUR\DKYLVWD

'U *RQ]DOR $UDQGD 8QLY GH 1DYDUUD 3DPSORQD
x /RVUDVJRVGLYLQRVGHOiQJHOPHGLDGRU\VX IXQFLyQ


'U =G]LVODZ .DSHUD 3URIHVRU HPpULWR 8QLY -DJLHOORQLDQ&UDFRYLD3RORQLD
x 6FUROO DQG $UFKDHRORJLFDO $FWLYLW\ RI -7 0LOOLNLQ-HUXVDOHP
'U-DLPH9i]TXH]*UDQDGD

x 5HOHYDQFLDGHODP~VLFDHQOD%LEOLD
'U ,JQDFLR 5RMDV )DFXOWDG GH 7HRORJtD *UDQDGD
x $SRFDOLSVLV \ FLQH ¢HVSHUDQ]D YHUVXV FDWiVWURIHV"
7LPRWK\0F0DKRQ7HRORJtD,(60$%UDVLO
x /D FXOWXUD GHO HYDQJHOLR WUDQVPLWLGD SRU OD PDQR
'HVFDQVR
3RQHQFLD
7KH +XPDQ )DFH RI *RG *RG DQG WKH &KULVWRORJ\RIWKH1HZ7HVWDPHQW

'U =G]LVODZ .DSHUD 3URIHVRU HPpULWR 8QLY -DJLHOORQLDQ&UDFRYLD3RORQLD
x 6FUROO DQG $UFKDHRORJLFDO $FWLYLW\ RI -7 0LOOLNLQ-HUXVDOHP
'U-DLPH9i]TXH]*UDQDGD

x 5HOHYDQFLDGHODP~VLFDHQOD%LEOLD
'U ,JQDFLR 5RMDV )DFXOWDG GH 7HRORJtD *UDQDGD
x $SRFDOLSVLV \ FLQH ¢HVSHUDQ]D YHUVXV FDWiVWURIHV"
7LPRWK\0F0DKRQ7HRORJtD,(60$%UDVLO
x /D FXOWXUD GHO HYDQJHOLR WUDQVPLWLGD SRU OD PDQR
'HVFDQVR
3RQHQFLD
7KH +XPDQ )DFH RI *RG *RG DQG WKH &KULVWRORJ\RIWKH1HZ7HVWDPHQW

([SRVLFLyQ
'XUDQWHHOFRQJUHVRVHLQDXJXUDUiXQD H[SRVLFLyQ EDMR HO WtWXOR ³$ WUDYpV GH ORV VLJORV +LVWRULD GHO WH[WR EtEOLFR´ (O SURSyVLWR GH HVWD H[SRVLFLyQ HV JXLDU DO YLVLWDQWH HQ XQ SHULSOR GH VLJORV TXH FRPSUHQGH GHVGH ORV SULPHURV WHVWLPRQLRV GHO WH[WR SDVDQGR SRU HO 0HGLHYR \ HO 5HQDFLPLHQWRKDVWDQXHVWURVGtDV
'H PDQHUD GLGiFWLFD \ DPHQD OD PXHVWUD VH GHWLHQH HQ ORV VRSRUWHV HPSOHDGRV D OR ODUJR GHO WLHPSR SDSLURV PDQXVFULWRV FyGLFHV ELEOLDV LPSUHVDV HGLFLRQHVLQIRUPiWLFDVHOPRGRGHHVFULELU ORV UROORV ORV VFULSWRULD WROHGDQRV FX\RV PDQXVFULWRV JR]DURQ GH JUDQ IDPD SRU VX EHOOH]D\FDOLGDG3UHVHQWDWDPELpQGLYHUVRV WLSRV GH ELEOLDV ODV %LEOLDV LOXPLQDGDV ODV 3ROtJORWDV ODV 5DEtQLFDV TXH VXUJHQ HQ HO 5HQDFLPLHQWR DXWpQWLFRV FRPSHQGLRV GHO WH[WR EtEOLFR HQ GLVWLQWDV OHQJXDV %LEOLDV URPDQFHDGDV FRPR OD %LEOLD GH $OED R OD %LEOLD GHO 2VR 7DPELpQ KDEUi XQ HVSDFLR SDUD ODV HGLFLRQHV LPSUHVDV GH ORV VLJORV ;,; \ ;; DVt FRPR SDUD ORV SUR\HFWRV GH HGLFLyQDFWXDOHV \ ORV DYDQFHV LQIRUPiWLFRV DSOLFDGRVDODHGLFLyQGHOWH[WREtEOLFR
(VXQDH[SRVLFLyQVREUHHOWH[WRGH OD %LEOLD \ VX HYROXFLyQ HQ OD KLVWRULD VXV PDQXVFULWRV \ VXV HGLFLRQHV HQ OD TXH VH PXHVWUDQ DOJXQDV SLH]DV UHSUHVHQWDWLYDV JHQHUDOPHQWH IDFVtPLOHV GH PX\ EXHQD FDOLGDGSURFHGHQWHVGHGLYHUVDVELEOLRWHFDV \IRQGRVELEOLRJUiILFRVDQWLJXRV
/XJDU/D&DVD GH OD &LHQFLD GH 6HYLOOD 3DEHOOyQGH3HU~$YGD0DUtD/XLVDVQ
)HFKDV²GHVHSWLHPEUH
6HGHGHO&RQJUHVR
&(1752'((678',267(2/Ï*,&266(9,//$ $JUHJDGRDOD)DFXOWDGGH7HRORJtDGH*UDQDGD &&DUGHQDO%XHQR0RQUHDO 6(9,//$
25*$1,=$
&2/$%25$1
6('(±&RQJUHVR