0DQXWHQomR3URGXWLYD7RWDOUHGXomRGHFXVWRVHDXPHQWRQRIDWXUDPHQWR

(VFULWRSRU)DELR/XL]0DQDUD/XFDV5RGULJXHV6FKXVNHOH5RGULJR/XL]GD6LOYD6DQFKHV
4XLGH-DQHLURGH

&RQKHoDHVWUDWpJLDGHPDQXWHQomRSDUDHOHYDUDSURGXWLYLGDGH
1RSDVVDGRXPDGDVIRUPDVPDLVIiFHLVHUiSLGDVSDUDPHOKRUDUDOXFUDWLYLGDGHHUDDXPHQWDURVSUHoRVGH
YHQGDGRVSURGXWRV4XDOTXHULQHILFLrQFLDSURGXWLYDHUDFDPXIODGDSHODDOWDPDUJHPGHOXFUR1RVHWRUJUiILFR
DDWXDOUHDOLGDGHFRPSHWLWLYDUHYHUWHXjGHILQLomRGRVSUHoRVSDUDRPHUFDGRQmRPDLVSDUDDVHPSUHVDV(VVH
IDWRWURX[HDQHFHVVLGDGHGDUHGXomRGHFXVWRVQRSURFHVVRSURGXWLYRSDUDPDQWHUDUHQWDELOLGDGHH
FRPSHWLWLYLGDGHGHVHXVQHJyFLRV
8PGRVJUDQGHVGHVDILRVGHVVDVHPSUHVDVpPHOKRUDURGHVHPSHQKRGHVHXVHTXLSDPHQWRVHVLVWHPDVRTXH
HPRXWURVVHJPHQWRVIRLFRQVHJXLGRDWUDYpVGR7307RWDO3URGXFWLYH0DLQWHQDQFH0DQXWHQomR3URGXWLYD
7RWDO

2SHQVDPHQWRGDPDQXWHQomR
$ILORVRILD730FULDGDSHOR-,30-DSDQ,QVWLWXWHRI3ODQW0DQDJHPHQW,QVWLWXWR-DSRQrVGH*HUHQFLDPHQWRGH
,QG~VWULDVSRGHVHUGHILQLGDFRPRXPFRQMXQWRGHPpWRGRVGHVWLQDGRVDJDUDQWLUTXHFDGDPiTXLQDGHXP
SURFHVVRGHSURGXomRVHMDVHPSUHFDSD]GHUHDOL]DUDVWDUHIDVQHFHVViULDVFRPDPi[LPDHILFiFLDSRVVtYHO
0HVPRFRPRVXFHVVRGRHPSUHJRGR730HPRXWURVVHJPHQWRVSRXFDVJUiILFDVEUDVLOHLUDVDSOLFDPRPpWRGR
HPVXDVSODQWDVLQGXVWULDLV8PDGDVMXVWLILFDWLYDVPDLVFRPXQVpTXHRGLQDPLVPRGRFRWLGLDQRSURGXWLYRQmR
SHUPLWHRSODQHMDPHQWRGHSDUDGDVSDUDFXLGDUGRVHTXLSDPHQWRV$VVLPDVSUiWLFDVGHPDQXWHQomRVmR
IRFDGDVQRVLVWHPDFRUUHWLYRWUD]HQGRFXVWRVLQHVSHUDGRVHSUHMXt]RV
$SHVTXLVD$VLWXDomRGDPDQXWHQomRQR%UDVLOUHDOL]DGDHPSHOD$VVRFLDomR%UDVLOHLUDGH0DQXWHQomR
$EUDPDQPRVWUDTXHRVFXVWRVFRPHVVDDWLYLGDGHQR3DtVUHSUHVHQWDPGR3,%3URGXWR,QWHUQR%UXWRR
HTXLYDOHQWHD86ELOK}HVSRUDQR
(VVHVIDWRUHVQRVHVWLPXODUDPDUHDOL]DUXPSURMHWRGHDSOLFDomRSUiWLFDGDILORVRILD730HPXPDHPSUHVDGR
VHWRUJUiILFR$QDOLVDPRVRVSUREOHPDVGDHPSUHVD+LJK*UiILFDQRPHILFWtFLRTXHDSUHVHQWDYDDOWRVtQGLFHV
GHKRUDVLPSURGXWLYDVQRVHWRUHLPSUHVVmRRIIVHW$OpPGDSURGXWLYLGDGHGDHPSUHVDHVVHSUREOHPD
FRPSURPHWLDDTXDOLGDGHILQDOGRVLPSUHVVRV
$WUDYpVGDVDQiOLVHVHHVWXGRVGHDSOLFDomRGDILORVRILD730QD+LJK*UiILFDIRLSRVVtYHOSHUFHEHUTXHKi
FRQGLo}HVGHUHYHUWHURVSUREOHPDVVHPDQHFHVVLGDGHGHJUDQGHVLQYHVWLPHQWRVRXVHMDDSURYHLWDQGRRV
UHFXUVRVMiSUHVHQWHVQDHPSUHVD&RPRUHVXOWDGRWHPRVXPDXPHQWRFRQVLGHUiYHOQDHILFLrQFLDGH
HTXLSDPHQWRUHGXomRGHKRUDVLPSURGXWLYDVPHQRVJDVWRVFRPPDQXWHQomRFRUUHWLYDHDXPHQWRGH
IDWXUDPHQWR

2SUREOHPD
$QDOLVDQGRRVSUREOHPDVGDHPSUHVD+LJK*UiILFDQRWDPRVXPDIDOKDQRVHWRUHLPSUHVVmRRIIVHWTXH

DSUHVHQWDYDDOWRVtQGLFHVGHKRUDVLPSURGXWLYDVSULQFLSDOPHQWHHPXPDLPSUHVVRUDSODQD,GHQWLILFDPRVTXH
HVVDPiTXLQDHUDDSUREOHPiWLFDDSyVXPDDQiOLVHFUtWLFDGRFHQiULRSURGXWLYRGDHPSUHVDHUHVROYHPRVDWXDU
QDiUHDGHLPSUHVVmR
(VVDLPSUHVVRUDRIIVHWSURFHVVDYDDWpIROKDVSRUPrVGRYROXPHSURGX]LGRSHODJUiILFD0DV
DSHVDUGHDSUHVHQWDUDPDLRUYHORFLGDGHPpGLDGHSURGXomRPHQRUWHPSRHTXDQWLGDGHGHVHWXSVHVWDHUDD
PiTXLQDFRPPHQRUtQGLFHGHGLVSRQLELOLGDGH

$QiOLVHV
$RHVWXGDUPRVDVFDXVDVGHVVHHOHYDGRtQGLFHGHKRUDVLPSURGXWLYDVSHUFHEHPRVTXHHVWDYDP
GLUHWDPHQWHOLJDGDVjPDQXWHQomRHRXWURVLQGLUHWDPHQWH
6HFRQVLGHUDUPRVHVVHVYDORUHVHPFDUJDKRUiULDDVRFRUUrQFLDVGHPDQXWHQomRGHVVDPiTXLQDHRXWUDV
GHVSHVDVHQYROYLGDVQDPDQXWHQomRWHPRVQRWRWDO5JDVWRVSHOD+LJK*UiILFDSDUDHVVD
LPSUHVVRUDQRDQRGH
(VVHIRLRIDWRUTXHQRVPRWLYRXDSURSRUDLPSODQWDomRGDPHWRGRORJLD730YLVDQGRPHOKRUDURGHVHPSHQKR
GRHTXLSDPHQWRDHILFLrQFLDGRVSURFHVVRVH[SORUDQGRUHFXUVRVMiH[LVWHQWHVQDHPSUHVD
2TXDGURDEDL[RPRVWUDXPDHVWLPDWLYDGHDFUpVFLPRQRSRWHQFLDOGHSURGXomRFDVRWLYpVVHPRVDOJXPSURGXWR
DORFDGRDRLQYpVGHVVDVKRUDVGHPiTXLQDSDUDGD

,QGLFDGRUHV
8PFRQFHLWRPXLWRXWLOL]DGRQDVLQG~VWULDVSDUDPHGLUDHILFLrQFLDGRVUHFXUVRVSURGXWLYRVpRFKDPDGR2((
2YHUDOO(TXLSPHQW(IIHFWLYHQHVV(ILFLrQFLD*OREDOGR(TXLSDPHQWR(VVDIHUUDPHQWDpFDSD]GHFRQFHQWUDU
YiULDVDQiOLVHVHPDSHQDVXPUHVXOWDGRGHIRUPDPXLWRVLPSOHVHREMHWLYDSHUPLWLQGRjVHPSUHVDVYLVXDOL]DUHP
DLQWHUDomRHQWUHDGLVSRQLELOLGDGHDSHUIRUPDQFHHDTXDOLGDGHGHRSHUDomRGHVHXVDWLYRV2FiOFXORGH2((
GDPiTXLQDHPTXHVWmRDWXDOPHQWHpGH
2XWURtQGLFHPXLWRFRPXPQDVHPSUHVDVGHWHQWRUDVGDILORVRILD730pR07%)0HDQ7LPH%HWZHHQ)DLOXUHV
7HPSR0pGLR(QWUHDV)DOKDV(VVHtQGLFHQRVSHUPLWHFRQKHFHUDFRQILDELOLGDGHGDVRSHUDo}HVDWUDYpVGD
IUHTrQFLDHPTXHRVGHIHLWRVDFRQWHFHP1RFDVRGD+LJK*UiILFDDFDGDKRUDVGHWUDEDOKRDVRSHUDo}HV
GDLPSUHVVRUDHUDPLQWHUURPSLGDVSDUDDH[HFXomRGHDOJXPUHSDURRXUHJXODJHPFRUUHWLYD
'HSRLVGHDQDOLVDUDIUHTrQFLDGDVLQWHUYHQo}HVRSUy[LPRSDVVRpDYDOLDUDHILFLrQFLDQDVROXomRGRV
SUREOHPDVGHPDQXWHQomR3DUDLVVRSRGHPRVFRQWDUFRPR07750HDQ7LPHWR5HSDLU7HPSR0pGLRGH
5HSDUR(PPpGLDRVSUREOHPDVRFRUULGRVQHVVHHTXLSDPHQWRHPIRUDPVROXFLRQDGRVHPKRUDV
WHPSRUD]RiYHOMiTXHRVSDGU}HVGHPHUFDGRQmRFRVWXPDPXOWUDSDVVDUGXDVKRUDV

&RQFOXVmR
'HVWDIRUPDFRPSURYDPRVTXHDHPSUHVDQmRUHDOL]DYDPDQXWHQomRSUHYHQWLYDRXSODQHMDGDIDOWDYDLQVWUXomR
DRVRSHUDGRUHVHDSUHVHQWDYDEDL[RtQGLFHGHHILFLrQFLDJOREDOGRHTXLSDPHQWRHSUREOHPDVIUHTHQWHVDOpP

GHJDVWRVEHPDFLPDGRLGHDO$PDLRULDGRVSUREOHPDVWLQKDFRPRFDXVDSULQFLSDODIDOWDGHFXLGDGRVUHJXODUHV
GHPDQXWHQomRSUHYHQWLYDTXHSRGHULDPHYLWDURVGLYHUVRVWUDQVWRUQRVDRHTXLSDPHQWRHjVGHPDLVDWLYLGDGHV
GDHPSUHVD

3URSRVWDGH6ROXomR3RUTXHR730"
6HJXQGRR-,30RSURJUDPD730SRGHVHUGHILQLGRSRUFLQFRHVWUDWpJLDVSULQFLSDLV
&RQVWUXLUXPDRUJDQL]DomRTXHPD[LPL]HDHILFLrQFLDGRVVLVWHPDVGHSURGXomR
'HVHQYROYHUXPDHVWUXWXUDTXHSUHYLQDSHUGDVXVDQGRXPDOLQJXDJHPSUySULDSDUDRFKmRGHIiEULFD
(QYROYHUWRGRVRVGHSDUWDPHQWRVQDLPSODQWDomRGR730
3URPRYHUDSDUWLFLSDomRHIHWLYDGHWRGDVDVSHVVRDVGLUHWDPHQWHOLJDGDVDRSURFHVVR
&RQGX]LUDWLYLGDGHVSDUDDWLQJLUSHUGDV]HURDWUDYpVGDIRUPDomRGHSHTXHQRVJUXSRVGHDWLYLGDGHV
$SURSRVWDGHLPSODQWDomRLQLFLDVHFRPRVTXDWURSLODUHVGR730TXHWUD]HPRVUHVXOWDGRVPDLVH[SUHVVLYRVHP
PHQRVHVSDoRGHWHPSR0HOKRULDV(VSHFtILFDV0DQXWHQomR$XW{QRPD0DQXWHQomR3ODQHMDGDH(GXFDomR
7UHLQDPHQWR$OpPGLVVRpLPSRUWDQWHDDGRomRGHXPVLVWHPDSDUDJHUHQFLDUDVRFRUUrQFLDVGHPDQXWHQomR
SRVVLELOLWDQGRDFULDomRGHXPEDQFRGHGDGRVSDUDIXWXUDVDYDOLDo}HVFRQWUROHGHSHoDVGHHVWRTXHHWF

)DELR/XL]0DQDUD/XFDV5RGULJXHV6FKXVNHOH5RGULJR/XL]GD6LOYD6DQFKHVVmRDOXQRVGR~OWLPR
VHPHVWUHGRFXUVRVXSHULRU7HFQRORJLDHP3URGXomR*UiILFDGD)DFXOGDGH6HQDLGH7HFQRORJLD*UiILFD
2ULHQWDGRUHV3URIHVVRUHV$QGUHD*LRYDQQL6SHOWDH)ODYLR%RWDQD

7H[WRSXEOLFDGRQD(GLomR
$QWHULRU 


3Uy[LPR!