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Cultura Documentos
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3URFHVVR %
1&RQYHQFLRQDO -67-
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RXDWUDYpVGHRXWUDVRFLHGDGHVHYLRODUHPHVVDREULJDomRFRQVWLWXLQGRXPD
VRFLHGDGHFRQFRUUHQWHQmRSRGHPID]HUVHYDOHUGDSRVLomRGHWHUFHLURVHPUHODomRD
HVVDVRFLHGDGHSDUDVHH[LPLUHPjUHVSRQVDELOLGDGHSRUDFWRVGHFRQFRUUrQFLDSRU
HVWDOHYDGDDHIHLWR
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FDXVDGRVSHORH[HUFtFLRGHVVDFRQFRUUrQFLDFDEHQGRH[FOXVLYDPHQWHDRVPHQFLRQDGRV
VyFLRVHVVDUHVSRQVDELOLGDGH
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$FyUGmRQR6XSUHPR7ULEXQDOGH-XVWLoD
GRV55
DSDJDUVROLGDULDPHQWHjVRFLHGDGHFRPHUFLDO$XWRUDDTXDQWLDGH
DFUHVFLGDGRVMXURVOHJDLVjWD[DGHDRDQRDFRQWDUGDGDWDGDFLWDomREHPFRPRD
TXDQWLDTXHVHYLHUDOLTXLGDUHPH[HFXomRGHVHQWHQoDDWtWXORGHLQGHPQL]DomRSHORV
GDQRVTXHVRIUHXHYHQKDDLQGDDVRIUHUDWpDRWUkQVLWRHPMXOJDGRGDGHFLVmRILQDO
RVUpXV&&HPXOKHU''DSDJDUDRDXWRU%%DLPSRUWkQFLDGHEHPFRPRRV
MXURVjWD[DDQXDOGHDFRQWDUGDFLWDomR
VHGHFODUHQXORHGHQHQKXPHIHLWRRFRQWUDWRGHFRQVWLWXLomRGDVRFLHGDGHFRPHUFLDO
5pRUGHQDQGRVHRFDQFHODPHQWRGRUHVSHFWLYRUHJLVWRRXVXEVLGLDULDPHQWHVHGHFUHWHD
GLVVROXomRGDVRFLHGDGHFRPHUFLDO5pRUGHQDQGRVHRUHJLVWRGHVVDPHVPDGLVVROXomR
$OHJDUDPQRHVVHQFLDOTXHR5&&IRLVyFLRJHUHQWHGD$HFHGHXDVXDTXRWDFRPD
REULJDomRGHQmRH[HUFHUSRUFLQFRDQRVDFWLYLGDGHLGrQWLFDjGD$XWRUDQmROKHID]HQGR
FRQFRUUrQFLDTXHUSRUVLTXHUDWUDYpVGHRXWUHPREULJDomRTXHILFRXDFRQVWDUGRDFWR
GDFHVVmRFRPRFRQKHFLPHQWRHDQXrQFLDGD5pVXDHVSRVD''REULJDomRHVVDTXHQmR
FXPSULXWHQGRFRQVWLWXtGRXPDVRFLHGDGHFRPREMHFWRVRFLDOFRLQFLGHQWHVHQGRHOHHD
PXOKHURV~QLFRVVyFLRVGHVVDVRFLHGDGHHOHFRPGRFDSLWDOHHODFRP
$OHJDDLQGDRVSUHMXt]RVTXHOKHFDXVDUDPFRPHVVDVLWXDomR
&RQWHVWDUDPRV5pXVSRULPSXJQDomR
5HSOLFDUDPRV$$
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GX]HQWRVHYLQWHHFLQFRPLOHXURVDFUHVFLGDGHMXURVGHPRUDFRPHUFLDLVDFRQWDUGD
GDWDGHKRMHQRVWHUPRVHjWD[DDFLPDUHIHULGRV
DEVROYHQGRVHRVPHVPRV55GRVSHGLGRVTXHFRQWUDHOHVIRUPXODUDPDTXHOD$H%%
HDEVROYHQGRD5((GRVSHGLGRVFRQWUDVLIRUPXODGRV
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SURFHGHQWHFRQGHQDQGRVHRV55VROLGDULDPHQWHDSDJDUj$DLQGHPQL]DomRGH
QRPDLVVHFRQILUPDQGRDGHFLVmRUHFRUULGD
9ROWDPDLQWHUSRUUHFXUVRGHUHYLVWD$$H55WHUPLQDQGRDVVXDVDOHJDo}HVFRPDV
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DHOHVFDELDPHWDGHGHVVHYDORUSRUVHUHPWLWXODUHVGHXPDTXRWDGRFDSLWDOVRFLDOGD
VRFLHGDGHFRUUHVSRQGHQWHDPHWDGHGHVVHFDSLWDO
5HVXOWDDLQGDGHWDLVIDFWRVTXHRV5(&255,'26LQGX]LUDPDVWXFLRVDPHQWHDFRPSUD
GDVXDSDUWLFLSDomRQDVRFLHGDGH5(&255(17(SHORYDORUGHHXURVDR
DVVXPLUHPDREULJDomRGHGXUDQWHDQRVQmRH[HUFHUHPSRUVLRXLQWHUSRVWDSHVVRD
LGrQWLFDDFWLYLGDGHSDUDDVVLPQmRSUHMXGLFDURGHVHQYROYLPHQWRGHVWD
$DTXLVLomRGDTXRWDGRV5(&255,'26VyIRLDFHLWDQHVVDVFRQGLo}HVSRUFDXVDGHVHU
RGHPDQGDGR&&TXHPWUDWDYDGHWRGDVDVUHODo}HVFRPDFOLHQWHODGD$XWRUDFRPD
TXDOHOHWLQKDUHODo}HVGHDPL]DGHHFRQKHFLPHQWRHSRUTXHFDVRFRQWLQXDVVHDRSHUDU
QRPHUFDGRDRVHUYLoRGRXWUDHPSUHVDFRQFRUUHQWHSRUVXDFRQWDRXLQWHUSRVWDSHVVRD
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5(&255,'26WrPDIRUoDGHOHLOH[FRQWUDFWXVSRUIRUoDGRGLVSRVWRQRVDUWV
HGR&&
2UDRVIDFWRVMXOJDGRVSURYDGRVGHPRQVWUDPLQHTXLYRFDPHQWHTXHRV5(&255,'26
DJLUDPFRPRLQWXLWRGHUHFHEHUDTXHODTXDQWLDGHHXURVHGHSRLVGHDJLUHP
SHODYLDVRFLHWiULDFRQWUDRVLQWHUHVVHVGDVRFLHGDGHFRQFRUUHQGRFRPHODQmRVyHP
YLRODomRGRFRQWUDWRPDVWDPEpPGHVOHDOPHQWHPRUPHQWHTXDQGRDILUPDYDPTXHLDP
OHYDUD5(&255(17(jIDOrQFLDTXDQGRDOLFLDUDPWUDEDOKDGRUHVGHVWDHOKHWLUDUDP
FOLHQWHVEHPFRPRTXDQGRUHEDL[DUDPSUHoRV
(VWHVIDFWRVGHPRQVWUDPTXHDVRFLHGDGHUHFRUULGDIRLFRQVWLWXtGDSDUDGHVVHPRGRRV
GHPDQGDGRV&&HPXOKHUH[HUFHUHPXPDDFWLYLGDGHLOtFLWDSRUTXHSURLELGDSHORFRQWUDWR
TXHRXWRUJDUDPHTXHDYrPH[HUFHQGRGHIRUPDFRQWLQXDGD
&RPRRFRQWUDWRGHVRFLHGDGHpXPFRQWUDWRSOXUDOGHRUJDQL]DomRILPFRPXPH
H[HFXomRFRQWLQXDGDHDSHUVRQDOLGDGHMXUtGLFDGDVVRFLHGDGHVFRPHUFLDLVWHPQDWXUH]D
PHUDPHQWHLQVWUXPHQWDOQmRHVVHQFLDOHDQDOyJLFDRV5HFRUULGRV&&HPXOKHUQD
FRQVWLWXLomRHQDGXUDomRRXH[LVWrQFLDGDVRFLHGDGHGRVTXHGHVFRQVLGHUDUDPH
GHVFRQVLGHUDPDOHLTXHDWULEXLDSHUVRQDOLGDGHMXUtGLFDjVRFLHGDGHUHFRUULGD
3RULVVRSRUIRUoDGDDSOLFDomRFRQMXQWDGRGLVSRVWRQRVDUWVH
GR&&HGRVDUWVFOSDUWHHGGR&6&RFRQWUDWRGHVRFLHGDGHpQXORRX
DVRFLHGDGHGHYHUiVHUGLVVROYLGD
$LQGHPQL]DomRTXHRV5(&255,'26GHYHPSDJDUjVRFLHGDGH5(&255(17(QmR
GHYHUiVHULQIHULRUDHXURVSRUTXHRFRPSRUWDPHQWRGRV5(&255,'26
GHPRQVWUDTXHREWLYHUDPDTXDQWLDGHHXURVTXHVyOKHIRLHQWUHJXHSRUTXHVH
REULJDUDPDQmRFRQFRUUHUFRPDVRFLHGDGHPDVWDPEpPSRUTXHQmRVyQmRFXPSULUDP
DTXHODREULJDomRFRPRDLQGDDSHUVHJXLUDPFRPSUiWLFDVLOtFLWDVHGHVOHDLV
(VVHFRPSRUWDPHQWRGDQRVRQmRVHFRQILQDVyDRYDORUTXHOKHVIRLSDJRFRPRVH
UHSHUFXWHQDTXHEUDDFHQWXDGDGRGHVHPSHQKRGDVRFLHGDGHFXMRVGDQRVQmRVHUmR
LQIHULRUHVDHXURV
3RULVVRRV5(&255,'26GHYHPVHUFRQGHQDGRVVROLGDULDPHQWHDSDJDUDTXDQWLDGH
HXURVFRPEDVHQRGLVSRVWRQRVDUWV
HGR&&
7HUPLQDSHGLQGRTXHRDFyUGmRUHFRUULGRVHMDVXEVWLWXtGRSRURXWURTXHGHFODUHQXORR
FRQWUDWRGHVRFLHGDGHGDVRFLHGDGHUHFRUULGDRXGLVVROYLGDDVRFLHGDGHHFRQGHQH
VROLGDULDPHQWHRVGHPDQGDGRVDSDJDUj5HFRUUHQWHDTXDQWLDGHHXURV
'RV55
2YtQFXORFRQWUDWXDODVVXPLGRSHORVUHFRUUHQWHV&&H''FRQVLVWLXQXPDREULJDomRGH
FDUiFWHUSHVVRDOTXHHPQDGDYLQFXORXDVRFLHGDGHUHFRUUHQWH((XPDYH]TXHjGDWDD
PHVPDQmRH[LVWLD
$YHULILFDomRGDYLRODomRGRFODXVXODGRVySRGHULDRFRUUHUFRPDFRQVWLWXLomRGD
UHIHULGDHPSUHVDFRQFRUUHQWHSHORTXHXPDpFDXVDGDRXWUDVHQGRTXHDREULJDomRGH
LQGHPQL]DUUHVXOWDGDVLPSOHVYHULILFDomRGDFRQVWLWXLomRGDTXHODVRFLHGDGHPDVQmR
FRPRLQVWUXPHQWRGLUHFWRGDYLRODomRGRTXHIRUDFRQWUDWDGR
2VUHFRUUHQWHV&&H''DJLUDPHDFRUGDUDPHQTXDQWRHQWHVMXUtGLFRVLQGLYLGXDLVHQmR
FRPRUHSUHVHQWDQWHVRXFRPLVViULRVGDILUPD((HQTXDQWRFRPLWHQWHXPDTXHYH]TXHD
PHVPDVySRVWHULRUPHQWHYHLRDVHUFRQVWLWXtGD
7HUPLQDPSHGLQGRVHFRQFHGDDUHYLVWDHVHUHYRJXHDGHFLVmRUHFRUULGDDEVROYHQGRVHD
5((GRSHGLGR
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0DWpULDGHIDFWRSURYDGDUHPHWHVHSDUDDGHFLVmRGDVLQVWkQFLDVDUWGR&3&
2GLUHLWR
1DVVXDVFRQFOXV}HVRV$$VXVFLWDPDVVHJXLQWHVTXHVW}HV
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XPDDFWLYLGDGHFRQFRUUHQWHHVWDVRFLHGDGHIRLFULDGDSDUDH[HUFHUXPILPLOtFLWRSHORTXH
GHYHVHUGLVVROYLGDQRVWHUPRVGRVDUWVHGR&&HF
SDUWHHGGR&6&
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FRPSRUWDPHQWRGRVUHFRUULGRVGHPRQVWUDTXHREWLYHUDPDTXDQWLDGHTXHVy
OKHVIRLHQWUHJXHSRUTXHVHREULJDUDPDQmRFRQFRUUHUFRPDVRFLHGDGHPDVWDPEpP
SRUTXHQmRVyQmRFXPSULUDPDTXHODREULJDomRFRPRDLQGDDSHUVHJXLUDPFRPSUiWLFDV
LOtFLWDVHGHVOHDLVYDORULQGHPQL]DWyULRTXHWHUiDYHUFRPHVVHYDORUTXHOKHVIRLSDJR
FRPRSHODTXHEUDDFHQWXDGDGRGHVHPSHQKRGDVRFLHGDGHQmRLQIHULRUD
2V55SRUVHXWXUQRGHIHQGHPTXHRVHXDFWRVHQmRSRGHFRPXQLFDUjVRFLHGDGH5
SRUTXHTXDQGRDVVXPLUDPRFRPSURPLVVRGHQmRFRQFRUUHUDVRFLHGDGHDLQGDQmRH[LVWLD
HWDPEpPSRUTXHQmRDJLUDPFRPRUHSUHVHQWDQWHVRXFRPLVViULRVGDILUPD5
9HMDPRV
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QDVGHFLV}HVGDVLQVWkQFLDVRVHXREMHFWRQmRpItVLFDQHPOHJDOPHQWHLPSRVVtYHORX
FRQWUiULRjOHLRXFRQWUDGLVSRVLomROHJDOGHFDUiFWHULPSHUDWLYRRXLOtFLWRQHP
RFRUUHLOLFLWXGHVXSHUYHQLHQWHFRPRGHIHQGHPRV$$UHFRUUHQWHV
1mRIRLDVRFLHGDGHHPFDXVDTXHDVVXPLXRFRPSURPLVVRGHQmRFRQFRUUrQFLDSRLVQHP
VHTXHUHVWDYDFRQVWLWXtGDDHVVDGDWDVHQGRFHUWRTXHTXDQGRLVVRRFRUUHXDGTXLULX
SHUVRQDOLGDGHSUySULDGLVWLQWDGRVVyFLRV
eRTXHQRVHQVLQD+HQULTXH0HVTXLWDTXDQGRDILUPDTXHSHUVRQDOL]DomRRX
REMHFWLYDomRGDVVRFLHGDGHVVLJQLILFDTXHRHQWHFROHFWLYRHQTXDQWRSHVVRDMXUtGLFDp
XPVXMHLWRGLVWLQWRGRVVyFLRVRVTXDLVDSHVDUGHFRQVWLWXtUHPRVHXVXEVWUDWRILFDPHP
UHODomRDHOHWLWXODUHVQDSRVLomRGHWHUFHLURV
3RULVVRLQH[LVWLQGRIXQGDPHQWROHJDOSDUDDSHWLFLRQDGDGLVVROXomRGDVRFLHGDGH
LPSURFHGHRUHVSHFWLYRSHGLGR
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jUHVSRQVDELOL]DomRGRVVHXVDFWRV
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FRQFRUUrQFLDFRQVWLWXtUHPXPDVRFLHGDGHTXHWHPSRUREMHFWRDDFWLYLGDGHHFRQyPLFD
TXHHOHVVHYLQFXODUDPDQmRH[HUFHUQmRSRGHUmRDOHJDUQXPOLWtJLRHPTXH&SUHWHQGD
ID]HUYDOHURVHXGLUHLWRGHFUpGLWRTXHRVDFWRVTXHRSUHMXGLFDUDPVmRSUDWLFDGRVSRU
XPWHUFHLURDVRFLHGDGHHVWUDQKRjUHODomRFRQWUDWXDO2OLWtJLRGHYHVHUUHVROYLGR
FRPRVHIRVVHPHOHVSUySULRVDSUDWLFDURDFWR
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UHVSRQViYHOSHODLQGHPQL]DomRGHFRUUHQWHGRVGDQRVFDXVDGRVSHORV55SRUWHUHP
FRQFRUULGRFRPDVRFLHGDGH$HPYLRODomRGDREULJDomRTXHFRQWUDWXDOPHQWH
DVVXPLUDPHVVDUHVSRQVDELOLGDGHFDEHWmRVyDHVWHVTXHQmRjTXHOD
&RPHIHLWRFRPRUHIHUH1RJXHLUD6HUHQVDVRFLHGDGHQmRILFDVXMHLWDDTXDOTXHU
VDQomR$VVDQo}HVSDUDXPDWDOLQIUDFomRYHUWHPVHDSHQDVVREUHDSHVVRDTXH
HVWDQGROHJDOPHQWHLPSHGLGDGHRID]HUVHWRUQRXJHUHQWHGHXPDFHUWDVRFLHGDGHSRU
TXRWDV(DUD]mRpHVVDVRFLHGDGHpHVWUDQKDjUHODomRMXUtGLFDTXHLQWHUFHGHHQWUH
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UHVSRQViYHOSHODLQGHPQL]DomRGHFRUUHQWHGRVDFWRVGRV55VHXVVyFLRV
1RHQWDQWRGHFRUUHWDPEpPGRH[SRVWRTXHRV55QmRSRGHPH[HUFHUDDFWLYLGDGHDTXH
VHGHGLFDD5SHORSHUtRGRHPTXHDVVXPLUDPDREULJDomRGHQmRFRQFRUUrQFLDRTXH
VLJQLILFDTXHYLRODGDHVVDREULJDomRVHPSUHSRGHUmRRV$$GHPDQGiORVSHODYLRODomR
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2V$$UHFRUUHQWHVSUHWHQGHPTXHVHMDUHSRVWRRYDORUIL[DGRQDLQVWkQFLD
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TXDQWLGDGHRWULEXQDOFRQGHQDUiQRTXHYLHUDVHUOLTXLGDGRVHPSUHMXt]RGH
FRQGHQDomRLPHGLDWDQDSDUWHTXHMiVHMDOtTXLGD
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IDFWRVHPERUDVHSURYHRGDQRQmRVHSURYDRTXDQWLWDWLYR
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TXHR5&&HUDTXHPWUDWDYDGHWRGDVDVUHODo}HVFRPDFOLHQWHODGD$XWRUD
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FDVRFRQWLQXDVVHDRSHUDUQRPHUFDGRDRVHUYLoRGRXWUDHPSUHVDFRQFRUUHQWHSRUVXD
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SHWLFLRQDGRVVHPSUHMXt]RGHVHFRQGHQDUHPMiRV55'RPLQJRVHPXOKHUQRPRQWDQWH
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