En Busca del Jaguar en Michoacán



6DEHUPiV

$xR1RYLHPEUH'LFLHPEUH1R $xR0DU]R$EULO1R

-XDQ)HOLSH&KDUUH0HGHOOtQ\ 7LEHULR&pVDU0RQWHUUXELR5LFR

(QEXVFDGHOMDJXDUHQ0LFKRDFiQ

3RUWDGD

8061+

8061+

+

/DSUHVLyQVREUHHVWHIHOLQRIXHWDOTXHD¿QDOHV GH ORVDxRVODVSREODFLRQHVGHMDJXDUHVHQ 0p[LFRVHKDEtDQUHGXFLGRKDVWDHQXQSRU OR TXH HQ HO  OD 6HFUHWDULD GHO 0HGLR $PELHQWH \ 5HFXUVRV 1DWXUDOHV FRQVLGHUD DO MDJXDUFRPRXQDHVSHFLHHQSHOLJURGHH[WLQFLyQ GHELGRSULQFLSDOPHQWHDODIUDJPHQWDFLyQGHWHULR UR\SpUGLGDGHVXKiELWDWDGHPiVGHODFDFHUtD IXUWLYD

(QEXVFDGHOMDJXDUHQ0LFKRDFiQ

6DEHUPiV

'XUDQWHORVDxRVFXDUHQWD\FLQFXHQWDHOMDJXDU HUDFRQVLGHUDGRXQWURIHR\VtPERORGHIXHU]DSDUD ODFXOWXUDPH[LFDQDSRUORTXHVHOHSHUVHJXtDD WDO JUDGR TXH HQ 6LQDORD XQD SHUVRQD FRQ¿HVD KDEHU PDWDGR  HMHPSODUHV GXUDQWH VX YLGD DFWLYDFRPRFD]DGRU

$xR0DU]R$EULO1R

DEODUGHODH[LVWHQFLDGHOMDJXDU3DQWKHUD RQFD  HQ 0LFKRDFiQ HV KDEODU GHO IHOLQR PiV JUDQGH GHO FRQWLQHQWH $PHULFDQR \ XQDGHODVHVSHFLHVVtPERORGHODFRQVHUYDFLyQD QLYHOPXQGLDO(QODpSRFDSRVWUHYROXFLRQDULD\ GXUDQWHORVDxRVGHPRGHUQL]DFLyQGH0p[LFRHO IDPRVR QDWXUDOLVWD QRUWHDPHULFDQR 6WDUNHU /HRSROG GHVFULEH DO MDJXDU HQ 0p[LFR FRPR HO DQLPDO PiV LQWHUHVDQWH \ H[FLWDQWH GH WRGD OD IDXQDPH[LFDQD



SUHVHQFLDGHOMDJXDUHQ0LFKRDFiQ\DTXHGHVGH ORVDxRVXQJUXSRGHLQYHVWLJDGRUHVSUHVHQWDQ HYLGHQFLDLQGLUHFWDGHODSUHVHQFLDGHOMDJXDUHQHO HVWDGR(VWDHYLGHQFLDFRUUHVSRQGHDUHODWRVGH JHQWHORFDOTXHPHQFLRQDQODSUHVHQFLDGHMDJXD UHVHQVXVUDQFKRV\DFUiQHRV\SLHOHVGHMDJXD UHV FD]DGRV HQ ODV ]RQDV FROLQGDQWHV FRQ ORV HVWDGRV GH *XHUUHUR \ &ROLPD VLQ HPEDUJR VH GHVFRQRFHFRQSUHFLVLyQHOOXJDUGHSURFHGHQFLD GHHVWRVHMHPSODUHV )RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

8061+

+LVWyULFDPHQWH OD GLVWULEXFLyQ GHO MDJXDU HQ HO FRQWLQHQWH KDEtDVLGRFRQVLGHUDGD FRPRDPSOLD OOHJDQGRDDEDUFDUGHVGHHOVXUGH(VWDGRV8QLGRV KDVWDHOFHQWURGH$UJHQWLQD(Q0p[LFRVXGLVWUL EXFLyQVHDVRFLDSULQFLSDOPHQWHDODVVHOYDVVHFDV \K~PHGDVGHWLHUUDVEDMDVDORODUJRGHODYHUWLHQ WHGHO*ROIR\HO3DFL¿FRPH[LFDQRDXQTXHVHOHKD UHJLVWUDGRHQERVTXHVWHPSODGRVSRUDUULEDGHORV P'HELGRDODUHFLHQWH\FRQWLQXDSpUGLGDGH ORV ERVTXHV \ VHOYDV GH 0p[LFR HO MDJXDU KD VXIULGRXQDQRWDEOHGLVPLQXFLyQHQVXGLVWULEXFLyQ DOJUDGRGHH[LVWLUDOJXQRVHVWDGRVRUHJLRQHVGHO SDtV GRQGH D~Q QR VH FRQ¿UPD VX SUHVHQFLD \ PXFKRPHQRVHOHVWDGRTXHSUHVHQWDQVXVSREOD FLRQHV

&RORFDFLyQGHWUDPSDVFiPDUDSDUDHOPRQLWRUHRGHIDXQD VLOYHVWUHHQ0LFKRDFiQ

6DEHUPiV

$xR0DU]R$EULO1R

+iELWDWGHOMDJXDUHQ0LFKRDFiQ



+DVWDKDFHSRFRWLHPSR0LFKRDFiQHUDXQRGHORV HVWDGRVGH0p[LFRGRQGHODSUHVHQFLDGHOMDJXDU KDEtDVLGRXQPLVWHULR/RDQWHULRUGHELGRDTXH H[LVWHSRFDLQIRUPDFLyQVREUHVXSUHVHQFLDKLVWyUL FD\UHFLHQWHDSHVDUGHTXHHQDOJXQDVUHJLRQHV GHOHVWDGRFRPROD&RVWDOD6LHUUD0DGUHGHO6XU\ 7LHUUD&DOLHQWHVLHPSUHKDQH[LVWLGRODVFRQGLFLR QHVGHKiELWDW\SUHVDVTXHSXGLHUDQSHUPLWLUVX SUHVHQFLD 7DQWR HQ HO PXQGR FLHQWt¿FR FRPR HQ HO PHGLR UXUDOGHDOJXQDV]RQDVUHPRWDVGHODVHUUDQtDGH ORVPXQLFLSLRVGH$UWHDJD\&RDOFRPiQODSUHVHQ FLDGHMDJXDUHQ0LFKRDFiQVHKDEtDFRQYHUWLGRHQ WRGDXQDOH\HQGD\DTXHWRGRVVDEtDQTXHH[LVWtD SHURQDGLHORKDEtDYLVWR1RIXHVLQRKDVWDSULQFL SLRVGHORVDxRVFXDQGRDWUDYpVGHODREUDGHO JHyJUDIR'RQDOG'%UDQG³&RDOFRPiQ\0RWtQGHO 2UR´VHPHQFLRQDSRUSULPHUDYH]\GHPDQHUD DQHFGyWLFDODSUHVHQFLDGH³WLJUH´HQODVLHUUDGH &RDOFRPiQ3DVDURQPiVGHDxRVSDUDYROYHUD WHQHUDOJXQDQRWLFLDHQHOPXQGRFLHQWt¿FRGHOD

)RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

)RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

'HHVWDPDQHUDKDVWDHODxRODSUHVHQFLDGH MDJXDUHVYLYRVHQ0LFKRDFiQVHJXtDVLHQGRXQD LQWHUURJDQWH(QHODxRGHOHQHO/DERUDWRULR GH 9HUWHEUDGRV 7HUUHVWUHV 3ULRULWDULRV GH OD ) D F X O W D G  G H  % L R O R J t D  G H  O D  8 Q L Y H U V L G D G 0LFKRDFDQDGH6DQ1LFROiVGH+LGDOJR8061+  VH FRPHQ]y D UHDOL]DU XQ SUR\HFWR GH LQYHVWLJD FLyQHQIRFDGRDFRQRFHUPiVVREUHODGLYHUVLGDG GHDYHV\PDPtIHURVGH0LFKRDFiQSULQFLSDOPHQ WHDTXHOODVHVSHFLHVTXHSRUGLYHUVRVIDFWRUHVVH HQFXHQWUDQ HQ DOJXQD FDWHJRUtD GH ULHVJR HQWUH ODVFXDOHVVHHQFXHQWUDHOMDJXDU

-DJXDUUHJLVWUDGRHQODVLHUUDGH$UWHDJD0LFKRDFiQ

(QEXVFDGHOMDJXDUHQ0LFKRDFiQ

&RQHOWLHPSR\DSDUWLUGHODLQIRUPDFLyQREWHQLGD SRUODJHQWHIXLPRVPD[LPL]DQGRHOHVIXHU]RGH E~VTXHGDHQDTXHOODVORFDOLGDGHVGRQGHDQXHVWUR SDUHFHUSUHVHQWDEDQODVFRQGLFLRQHVDPELHQWDOHV QHFHVDULDV  SDUD OD SUHVHQFLD GH MDJXDUHV XQ KiELWDW  FRQ OD PtQLPD SHUWXUEDFLyQ KXPDQD (O HVIXHU]RGHPXHVWURVHLQFUHPHQWySHURSDUDHO DxRFRPHQ]DPRVDLPSOHPHQWDUXQDQXHYD PHWRGRORJtDFRQRFLGDFRPR³IRWRWUDPSHR´ODFXDO QRV D\XGy D FXEULU XQD H[WHQVLyQ GH WHUUHQR PD\RUFRQXQPHQRUQ~PHURGHUHFXUVRVKXPD

8061+

)LQDOPHQWH HQ PD\R GHO  HQ OD VLHUUD GHO PXQLFLSLRGH$UWHDJD0LFKRDFiQ\GHVSXpVGHXQD ODUJDHVSHUDORJUDPRVREWHQHUODVSULPHUDVIRWR JUDItDVTXHPXHVWUDQMDJXDUHVYLYRVHQYLGDOLEUH /RVHMHPSODUHVIRWRJUD¿DGRVFRUUHVSRQGtDQDXQD KHPEUD \ VX FUtD GH DSUR[LPDGDPHQWH DxR \ PHGLR(VWRQRVRORQRVGLRODFRQ¿UPDFLyQGHOD SUHVHQFLDGHMDJXDUHVHQ0LFKRDFiQVLQRWDPELpQ HYLGHQFLD GH UHSURGXFFLyQ GH OD HVSHFLH HQ HO HVWDGR $ SDUWLU GH HVD IHFKD \ KDVWD OD DFWXDOLGDG OD FDQWLGDG GH UHJLVWURV H LQGLYLGXRV GLIHUHQWHV GH MDJXDU UHJLVWUDGRV HQ HVD ORFDOLGDG VH KD LGR LQFUHPHQWDQGR+DVWDODIHFKDWHQHPRVPiVGH UHJLVWURV\DOPHQRVFLQFRLQGLYLGXRVGLIHUHQWHV 'H HVRV FLQFR LQGLYLGXRV GRV VRQ KHPEUDV UHVLGHQWHVTXHKDQVLGRIRWRJUD¿DGDVDxRWUDVDxR GHVGH HO  (V SUREDEOH TXH ORV RWURV WUHV LQGLYLGXRVVHDQMDJXDUHVTXHVRORYDQGHSDVRHQ EXVFDGHVXVSURSLRVWHUULWRULRVHVWRHQHOPHMRU GHORVFDVRV([LVWHODSRVLELOLGDGGHTXHKD\DQ PXHUWR\DVHDSRUFDXVDVQDWXUDOHVYHMH]HQIHU PHGDGHV HQIUHQWDPLHQWRV FRQ RWURV LQGLYLGXRV HWF RDFDXVDGHODFDFHUtDIXUWLYDTXHVLELHQHV XQDDFWLYLGDGTXHVHSUHVHQWDFRQSRFDIUHFXHQFLD HQHVDUHJLyQH[LVWH/RDQWHULRUVHFRQ¿UPD\D TXH HQ HO DxR  VH HQFXHQWUD HQ OD PLVPD ORFDOLGDGXQFUiQHRGHMDJXDUHOFXDOIXHGHSRVLWD GR HQ HO PXVHR GH ]RRORJtD GH OD )DFXOWDG GH &LHQFLDVGHOD81$0

(QEXVFDGHOMDJXDUHQ0LFKRDFiQ

$xR0DU]R$EULO1R

-DJXDUUHJLVWUDGRHQOD]RQDGHLQÁXHQFLDGHOD5HVHUYDGHOD %LyVIHUDGH=LFXLUiQ,QÀHUQLOORHQHOPXQLFLSLRGH&KXUXPXFR 0LFKRDFiQ

)XHHQHODxRGHFXDQGRLPSOHPHQWDPRVXQ H[SHULPHQWR TXH QRV SHUPLWLUtD GH XQD YH] SRU WRGDV UHJLVWUDU HO MDJXDU HQ 0LFKRDFiQ (VWH H[SHULPHQWRFRQVLVWLyHQYLJLODUPHGLDQWHWUDPSDV FiPDUDHOXVRTXHOHGDODIDXQDVLOYHVWUHDORV PDQDQWLDOHVGXUDQWHODpSRFDVHFDHQWUHVORFDOL GDGHV GH OD UHJLyQ GH OD VLHUUDFRVWD GH 0LFKRDFiQ /RV PDQDQWLDOHV UHSUHVHQWDQ HQ DOJXQDV]RQDVQRVRORGH0LFKRDFiQVLQRGHWRGR 0p[LFROD~QLFDIXHQWHGHDJXDDODFXDOORVDQLPD OHVVLOYHVWUHVSXHGHQDFFHGHUGXUDQWHODWHPSRUD GDGHVHTXtDTXHHQDOJXQRVOXJDUHVGHOHVWDGR HVPX\SURORQJDGDQRYLHPEUHDPD\R 

6DEHUPiV

)RWR-XDQ)HOLSH&KDUUH0HGHOOtQ\'DQLHO*XLGR/HPXV

'HVGHQXHVWUDVSULPHUDVLQFXUVLRQHVHQDOJXQDV UHJLRQHVUHPRWDVGHODVVHUUDQtDVGHOPXQLFLSLRGH $UWHDJDUHJLVWUDUDOMDJXDUVHLEDFRQYLUWLHQGRHQ XQUHWRTXHVDEtDPRVTXHWDUGHRWHPSUDQRYHUtD PRV FXPSOLGR &RPR SULPHUD DSUR[LPDFLyQ GXUDQWHHOWUDEDMRGHFDPSRUHDOL]DGRHQHO QRVGLPRVDODWDUHDGHUHFRUUHUDOJXQDVORFDOLGD GHV GH OD VLHUUD FRQ HO ¿Q GH SRGHU REWHQHU LQIRUPDFLyQGHODSUHVHQFLDGHOMDJXDUDWUDYpVGH ODJHQWHORFDOODFXDOWLHQHXQYDVWRFRQRFLPLHQWR GHORVUHFXUVRVQDWXUDOHVTXHVHHQFXHQWUDQDVXV DOUHGHGRUHV 'XUDQWH HVWRV SULPHURV DxRV OD JHQWHQRVSODWLFDEDTXHHOMDJXDUR³WLJUH´FRPROR OODPDQHOORVHVXQIHOLQRPX\HVFDVR\TXHPX\ SRFDVSHUVRQDVKDQWHQLGRXQHQFXHQWURGLUHFWR FRQpO1RVRODPHQWHQRVSODWLFDEDQGHODSUHVHQ FLDGHMDJXDUHVVLQRWDPELpQGHXQIHOLQRGHFRORU QHJURDOTXHHOORVOODPDQ³SDQWHUD´\TXHSUHVHQWD WRGDVODVFDUDFWHUtVWLFDVItVLFDVGHOMDJXDU

QRV (O IRWRWUDPSHR FRQVLVWH HQ OD XWLOL]DFLyQ GH FiPDUDVIRWRJUi¿FDVTXHWLHQHQODFDSDFLGDGGH GHWHFWDU FXDOTXLHU PRYLPLHQWR \ FDPELRV GH WHPSHUDWXUDTXHRFXUUDHQVXiQJXORGHGHWHFFLyQ (VWDVWUDPSDVFiPDUDVRQLGHDOHVSDUDODJHQHUD FLyQ GH UHJLVWURV  H LGHQWL¿FDFLyQ GH HVSHFLHV WHUUHVWUHV  GH QDWXUDOH]D VLJLORVD FRPR OR HV HO MDJXDU

,PDJHQKWWSZZZOPWJWPRUJ

/D+LVWRULDGHORVSULPHURVUHJLVWURVGHMDJXDU HQ0LFKRDFiQ



(VWDKLSyWHVLVVHIRUWDOHFLyFRQORVUHJLVWURVGHOR TXHSXGLHUDQVHUXQDQXHYDSREODFLyQGHMDJXDUHQ 0LFKRDFiQ\DTXHHQVHUHJLVWUyODSUHVHQ FLD GH MDJXDU HQ HO PXQLFLSLR GH &KXUXPXFR GHQWURGHOD]RQDGHLQÀXHQFLDGHODUHVHUYDGHOD ELyVIHUDGH=LFXLUiQ,Q¿HUQLOOR(VWDQXHYDORFDOL GDGVHORFDOL]DDNPDOQRURHVWHGHORVUHJLV WURVGHMDJXDUUHSRUWDGRVHQODVLHUUDGH$UWHDJD\ D  NP DO VXUHVWH GH ORV UHJLVWURV GH MDJXDU UHSRUWDGRV SDUD OD VLHUUD GH 1DQFKLWLWOD HQ HO (VWDGRGH0p[LFR

KDELWDHQORVERVTXHVWHPSODGRVGH0LFKRDFiQ GRQGHVHOHKDUHJLVWUDGRHQ]RQDVDOHGDxDVDOD FLXGDGGH0RUHOLD\ODJRGH&XLW]HR$SHVDUGH TXHHVXQIHOLQRTXHQRVHFRQVLGHUDHQSHOLJURGH H[WLQFLyQSDUD0p[LFRHQ0LFKRDFiQHVWDHVSHFLH VHHQFXHQWUDEDMRFRQVWDQWHSUHVLyQKXPDQD\D TXHVXiUHDGHGLVWULEXFLyQFRLQFLGHFRQODPD\RU GHQVLGDGKXPDQD\ODPD\RUGHIRUHVWDFLyQGHORV ERVTXHV )RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

8061+

(VWRV SULPHURV UHJLVWURV TXH FRQ¿UPDURQ OD SUHVHQFLDHQ0LFKRDFiQGHOIHOLQRPiVJUDQGHGH $PpULFDKDQVLJQL¿FDGRXQSDVRPX\LPSRUWDQWH HQODFRQVHUYDFLyQGHHVWDHVSHFLHDQLYHOQDFLR QDO \D TXH 0LFKRDFiQ HV FRQVLGHUDGR FRPR XQ HVWDGRGHDOWDSULRULGDGSDUDODFRQVHUYDFLyQGHO MDJXDU GHELGR SULQFLSDOPHQWH D VX XELFDFLyQ JHRJUi¿FD\DTXHVHKDSODQWHDGRODKLSyWHVLVGH TXH HO HVWDGR SXHGH VHUYLU FRPR XQ FRUUHGRU ELROyJLFRQDWXUDOTXHSXHGDSHUPLWLUODFRQHFWLYL GDG HQWUH ODV SREODFLRQHV GH MDJXDU GHO SDFL¿FR QRUWHFRQODVSREODFLRQHVGHOSDFL¿FRVXU

3XPDHQODVLHUUDGHOPXQLFLSLRGH&RDOFRPiQ0LFKRDFiQ



$ QLYHO PXQGLDO H[LVWHQ DSUR[LPDGDPHQWH  HVSHFLHVGHIHOLQRVGHODVFXDOHVVHGLVWULEX\HQ HQHOFRQWLQHQWH$PHULFDQR\VHLVHQ0p[LFR3RU IRUWXQD0LFKRDFiQHVXQRORVSRFRVHVWDGRVGH 0p[LFR GRQGH VH GLVWULEX\HQ ODV VHLV HVSHFLHV $GHPiVGHOMDJXDUKHPRVFRQ¿UPDGRODSUHVHQ FLD GH OLQFH R JDWR PRQWpV /\Q[ UXIXV  SXPD 3XPDFRQFRORU WLJULOOR/HRSDUGXVZLHGLL RFHOR WH /HRSDUGXV SDUGDOLV  \ MDJXDUXQGL 3XPD \DJRXDURXQGL 

(OSXPDRFRQRFLGRORFDOPHQWHFRPR³HOOHyQ´HV GHORVIHOLQRV0LFKRDFDQRVODHVSHFLHFRQODPiV DPSOLD GLVWULEXFLyQ HQ HO HVWDGR  (VWH IHOLQR KD VLGRUHJLVWUDGRHQ0LFKRDFiQSULQFLSDOPHQWHHQOD UHJLyQGHOD&RVWD6LHUUD0DGUHGHO6XU%DOVDV\ (MH1HRYROFiQLFR(QDOJXQDV]RQDVGHOHVWDGRHV FRQVLGHUDGRSRUODJHQWHORFDOFRPRXQDSODJD\D TXHORVSXPDVDWDFDQRFDVLRQDOPHQWHDOJDQDGR YDFDV\FKLYRV FRPRFRQVHFXHQFLDGHODFD]D LQGLVFULPLQDGD GH VXV SUHVDV QDWXUDOHV FRPR HO YHQDGR\HOSHFDUt )RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

6DEHUPiV

$xR0DU]R$EULO1R

2WURVIHOLQRVGH0LFKRDFiQ

$OIRQVR6HUUDQRHQDxRHQTXHDVXPLyOD'LUHFFLyQ *HQHUDOGHO,1$2( )RWR-XDQ)HOLSH&KDUUH0HGHOOtQ\'DQLHO*XLGR/HPXV /LQFHUHJLVWUDGRHQHOPXQLFLSLRGH&XLW]HR0LFKRDFiQ

(OOLQFHTXHVHFDUDFWHUL]DSULQFLSDOPHQWHSRUWHQHU XQDV RUHMDV PX\ SXQWLDJXGDV \ XQD FROD FRUWD

7LJULOORHQHOPXQLFLSLRGH$UWHDJD0LFKRDFiQ(OIHOLQR VLOYHVWUHPiVSHTXHxRGH0p[LFR

(QEXVFDGHOMDJXDUHQ0LFKRDFiQ

8061+

KiELWRVFRPSOHWDPHQWHGLXUQRV(OMDJXDUXQGLQR SUHVHQWDXQDSLHODWUDFWLYDFRPRHOMDJXDUWLJULOORX RFHORWHSRUORTXHSDVDGHVDSHUFLELGRHQWUHORV FD]DGRUHVTXHEXVFDQSLHOHVYLVWRVDV(VXQIHOLQR GHFXHUSRDODUJDGRFDEH]DSHTXHxD\FRODODUJD (Q0LFKRDFiQVHOHKDUHJLVWUDGRHQORVPXQLFLSLRV GH $UWHDJD /i]DUR &iUGHQDV /D +XDFDQD $SDW]LQJiQ \*DEULHO =DPRUDSULQFLSDOPHQWH HQ ORVERVTXHVWURSLFDOHVDXQTXHVHWLHQHQDOJXQRV UHJLVWURVHQERVTXHVWHPSODGRV

)RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

)RWR-XDQ)HOLSH&KDUUH0HGHOOtQ

(OWLJULOORHVHOIHOLQRPiVSHTXHxRGH0p[LFR\OD HVSHFLHPHMRUDGDSWDGDDODYLGDDUEyUHD(QHO HVWDGRGH0LFKRDFiQVHGLVWULEX\HDORODUJRGHOD SODQLFLHFRVWHUDDGHPiVGHDOJXQDVUHJLRQHVGH ODFXHQFDGHO%DMR%DOVDV\HQDOJXQDVRFDVLRQHV VH DYHQWXUD HQ ]RQDV WHPSODGDV GH OD 6LHUUD 0DGUHGHO6XU\(MH1HRYROFiQLFR/RFDOPHQWHHV FRQRFLGR FRPR ³SHOXGLOOD´ GHELGR DO SHODMH WDQ DEXQGDQWHTXHSUHVHQWD$FDXVDGHVXWDPDxR HQDOJXQDVUHJLRQHVGH0LFKRDFiQVHOHFDSWXUD FRQOD¿QDOLGDGGHYHQGHUORFRPRPDVFRWD

(ORFHORWHR³WHFXDQ´FRPRVHFRQRFHHQDOJXQDV UHJLRQHV GHO HVWDGR QRUPDOPHQWH VH HQFXHQWUD DVRFLDGRDORVERVTXHVWURSLFDOHVGH0LFKRDFiQ (VWHIHOLQRKDVLGRXQRGHORVPiVSHUVHJXLGRVSRU ORV FD]DGRUHV IXUWLYRV GHELGR D OD EHOOH]D GH VX SLHOTXHDQWHVHUDFRPHUFLDOL]DGDDJUDQHVFDOD GHPDQHUDLOHJDO 3RU ~OWLPR HO MDJXDUXQGL TXH ORFDOPHQWH VH FRQRFHFRPR³FDQGLQJR´HVTXL]iHOIHOLQRGHOTXH VHWLHQHPHQRVLQIRUPDFLyQQRVRORHQ0LFKRDFiQ VLQRHQWRGR0p[LFRORTXHORKDFHHOJDWRPHQRV FRQRFLGR HQWUH OD JHQWH (V HO ~QLFR IHOLQR GH (QEXVFDGHOMDJXDUHQ0LFKRDFiQ

6DEHUPiV

2FHORWHPDUFDQGRVXWHUULWRULRHQ/i]DUR&iUGHQDV 0LFKRDFiQ

$xR0DU]R$EULO1R

-DJXDUXQGL IDVH REVFXUD GHO PXQLFLSLR GH $UWHDJD 0LFKRDFiQ8QRGHORVIHOLQRVPiVHVTXLYRV\PHQRV FRQRFLGRVHQ0p[LFR



8061+

,QYHVWLJDFLRQHVDFWXDOHV\IXWXUDVVREUHHO MDJXDUHQ0LFKRDFiQ $OFRQ¿UPDUVHODSUHVHQFLDGHOMDJXDUFRPRXQD HVSHFLHPiVGHODULFDIDXQD0LFKRDFDQDDFWXDO PHQWH HVWDPRV LQFUHPHQWDQGR HO HVIXHU]R GH LQYHVWLJDFLyQFRQHO¿QGHHVWDEOHFHUFRQPD\RU SUHFLVLyQHOiUHDGHGLVWULEXFLyQGHODHVSHFLHHQHO HVWDGRGH0LFKRDFiQ$GHPiVHVWDPRVJHQHUDQ GRODVSULPHUDVHVWLPDFLRQHVGHOWDPDxRSREODFLR QDO GHO MDJXDU HQ 0LFKRDFiQ HV GHFLU FXiQWRV MDJXDUHVSXHGHKDEHUSRUFDGDNPGHKiELWDW FRQFRQGLFLRQHVySWLPDVSDUDVXSUHVHQFLD

VHJXLU VLHQGR HO KRJDU GH ORV VHLV IHOLQRV GH 0p[LFR 3DUD6DEHUPiV

&KDUUH0HGHOOtQ-)HWDO7KH6RXWKZHVWHUQ 1DWXUDOLVW  KWWSVZZZUHVHDUFKJDWHQHWSXEOLFDWLRQ B)LUVWB5HFRUGVBRIB-DJXDUB3DQWKHUDBRQ FDBIURPBWKHB6WDWHBRIB0LFKRDFQB0H[LFRB$ XWKRUV &KDUUH0HGHOOtQ-)HWDO5HYLVWD0H[LFDQD GH%LRGLYHUVLGDG 3DUDSRGHUFRQVHUYDUQRVRODPHQWHDOMDJXDUHQ KWWSVZZZUHVHDUFKJDWHQHWSXEOLFDWLRQ 0LFKRDFiQVLQRWDPELpQDODVRWUDVFLQFRHVSH B1XHYRBUHJLVWURBGHBMDJXDUBHQBHOB&HQWUR FLHV GH IHOLQRV GHEHPRV FRQVHUYDU ODV VHOYDV 2FFLGHQWHBGHB0[LFR"HY SUIBSXE ERVTXHV\VXDOLPHQWRSDUDORFXDOVHUiQHFHVDULR HVWDEOHFHU iUHDV GH SURWHFFLyQ \ RUJDQL]DU D 9LGHRV GLYHUVRVVHFWRUHVGHODVRFLHGDGFRPRODDFDGH PLD DXWRULGDGHV RUJDQL]DFLRQHV VRFLDOHV \ JUXSRVGHSURGXFWRUHVLQWHUHVDGRVHQFRQVHUYDU KWWSZZZVDEHUPDVXPLFKP[YLGHRVMDJXDUDYL HOSDWULPRQLRELROyJLFRGHOHVWDGRSDUDHQWUHWRGRV KWWSZZZVDEHUPDVXPLFKP[YLGHRVRFHORWHDYL JHQHUDUODVFRQGLFLRQHVTXHSHUPLWDQD0LFKRDFiQ KWWSZZZVDEHUPDVXPLFKP[YLGHRVSXPDDYL 0&-XDQ)HOLSH&KDUUH0HGHOOtQ

'U7LEHULR&pVDU0RQWHUUXELR5LFR

6DEHUPiV

$xR0DU]R$EULO1R

(



V ,QYHVWLJDGRU WLWXODU GH OD )DFXOWDG GH % L R O R J t D  G H  O D 8061+REWXYRHOJUDGRGH 'RFWRU HQ &LHQFLDV HQ OD 8 Q L Y H U V L G D G  ( V W D W D O  G H /RXLVLDQD HQ HO DxR  $FWXDOPHQWHHVUHVSRQVDEOH GHO ODERUDWRULR GH LQYHVWLJD F L y Q  H Q  Y H U W H E U D G R V 7HUUHVWUHV 3ULRULWDULRV /DV OtQHDV GH LQYHVWLJDFLyQ TXH GHVDUUROOD VRQ OD HFRORJtD GH SREODFLRQHV GH 3VLWiFLGRV UDSDFHV FUiFLGRV\GHPDPtIHURVHQULHVJR+DSXEOLFDGR KDVWDHQHURGHDUWtFXORVGHLQYHVWLJDFLyQ L Q G L ] D G R V  H Q  U H Y L V W D V  F R P R  % L R O R J L F D O &RQVHUYDWLRQ2UQLWRORJtD1HRWURSLFDO%LRWURSLFD 2U\[7KH-RXUQDORI¿HOG2UQLWKRORJ\-RXUQDORI 5DSWRU 5HVHDUFK 5HYLVWD GH %LRORJtD7URSLFDO \ $FWD=RROyJLFD0H[LFDQDHQWUHRWURV+DGLULJLGR WHVLVGHOLFHQFLDWXUDRFKRGHPDHVWUtD\GRVGH GRFWRUDGR 0LHPEUR GHO 6LVWHPD 1DFLRQDO GH ,QYHVWLJDGRUHVGHVGHHODxR

%

LyORJR HJUHVDGR GH OD 8061+ $FWXDOPHQWH HV H V W X G L D Q W H  G H O   W R VHPHVWUH GHO 3URJUDPD GH'RFWRUDGRHQ&LHQFLD %LROyJLFDVHQHOiUHDGH 0DQHMR \ &RQVHUYDFLyQ GH5HFXUVRV1DWXUDOHVHQOD8061++DSXEOLFD GRDUWtFXORVFLHQWt¿FRVLQWHUQDFLRQDOHV\ QDFLRQDOHV DGHPiVGHDUWtFXORVGHGLYXOJDFLyQ \  SUHVHQWDFLRQHV HQ FRQJUHVRV QDFLRQDOHV H LQWHUQDFLRQDOHV+DFRODERUDGRHQQXHYHSUR\HF WRVGLULJLGRV\¿QDQFLDGRVSRULPSRUWDQWHV21*V XQLYHUVLGDGHV \ FHQWURV GH LQYHVWLJDFLyQ FRPR $OLDQ]D :RUOG :LOGOLIH )XQG ::) )XQGDFLyQ &DUORV 6OLP )&6  &RQVHUYDFLyQ %LROyJLFD \ ' H V D U U R O O R  6 R F L D O   & 2 1 % , 2 ' ( 6  $   &   8QLYHUVLGDG 1DFLRQDO $XWyQRPD GH 0p[LFR 81$0  ,QVWLWXWR 3ROLWpFQLFR 1DFLRQDO ,31  8QLYHUVLGDG GH *XDQDMXDWR 8*  8QLYHUVLGDG 0LFKRDFDQDGH6DQ1LFROiVGH+LGDOJR8061+  \(O&ROHJLRGHOD)URQWHUD6XU(&2685 7RGRV ORVDUWtFXORV\SUR\HFWRVUHDOL]DGRVHVWiQHQIRFD GRV D OD FRQVHUYDFLyQ GH OD ELRGLYHUVLGDG GH 0p[LFR\HQSDUWLFXODUGHOHVWDGRGH0LFKRDFiQ

(QEXVFDGHOMDJXDUHQ0LFKRDFiQ