Documentos de Académico
Documentos de Profesional
Documentos de Cultura
FO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
$PMFDDJwOMJCSPT'-"1&
&MEFSFDIPBMBFEVDBDJwO
FO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
'PSP-BUJOPBNFSJDBOPEF1PMrUJDBT&EVDBUJWBT'-"1&
XXXGPSPMBUJOPPSH
$PPSEJOBDJwOHFOFSBM
1BCMP7FOFHBT1SPHSBNB*OUFSEJTDJQMJOBSJP
EF*OWFTUJHBDJPOFT&EVDBUJWBT1**&
$IJMF
$PPSEJOBDJPOFTOBDJPOBMFT
'BOOZ.VvP[
1FS|
*OHSJE4WFSEMJDL
"SHFOUJOB
3BGBFM-VDJP(JM
/JDBSBHVB
.JHVFMOHFM3PESrHVF[
.nYJDP
1BCMP(FOUJMJ
#SBTJM
1BCMP7FOFHBT
$IJMF
0SMBOEP1VMJEP
$PMPNCJB
*OTUJUVDJPOFTNJFNCSPTEF'-"1&
oro
ducativo
L P
P
LABORATORIO DE
-BCPSBUPSJPEF1PMrUJDBT1|CMJDBT-11
"SHFOUJOB
XXXMQQCVFOPTBJSFTOFU
Polticas Pblicas
OCIPE - IDEUCA
0CTFSWBUPSJP$FOUSPBNFSJDBOPQBSBMB*ODJEFODJBFO
MBT1PMrUJDBT&EVDBUJWBT0$*1&*%&6$"
/JDBSBHVB
XXXVDBFEVOJJOTUJUVUPTJEFVDB
bservatorio
O
educacin
C I U D A D A N O D E LA
0CTFSWBUPSJP$JVEBEBOPEFMB&EVDBDJwO0$&
.nYJDP
XXXPCTFSWBUPSJPPSH
0CTFSWBUPSJP-BUJOPBNFSJDBOPEF1PMrUJDBT&EVDBUJWBT
0-1&%
#SBTJM XXXPMQFEOFU
piie
1SPHSBNB*OUFSEJTDJQMJOBSJPEF*OWFTUJHBDJPOFTFO
&EVDBDJwO1**&
$IJMF XXXQJJFDM
6OJWFSTJEBE1FEBHwHJDB/BDJPOBM61/
$PMPNCJB XXX
QFEBHPHJDBFEVDP
$BTUJMMB6SCJOB
.JHVFMEF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVBBFE#VFOPT"JSFT'VOEBDJwO
-BCPSBUPSJPEF1PMrUJDBT1|CMJDBT
&#PPL -JCSPT'-"1&
*4#/
1PMrUJDBT1|CMJDBT1PMrUJDBT&EVDBUJWBT%FSFDIPBMB&EVDBDJwO
.PWJMJ[BDJwO4PDJBM*5rUVMP
$%%
'FDIBEFDBUBMPHBDJwO
'-"1&DVFOUBDPOFMBQPZPEFMB'VOEBDJwO'PSE
$PMFDDJwO-JCSPT'-"1&
$PPSEJOBDJwOFEJUPSJBM*OHSJE4WFSEMJDL
"TJTUFOUFFEJUPSJBM1BVMB$PTUBT
$PSSFDDJwOFEJUPSJBM5FSFTB$JMMP
%JTFvPHSgDPZBSNBEP#FBUSJ[#VSFDPWJDTZ-FUJDJB4UJWFM
1SJNFSBFEJDJwONBS[PEF
4FQFSNJUFMBSFQSPEVDDJwOUPUBMPQBSDJBMEFMPTDPOUFOJEPTEFFTUFMJCSP
DJUBOEPMBGVFOUFZFOWJBOEPDPQJBEFMBQVCMJDBDJwOBM'PSP-BUJOPBNFSJDBOP
EF1PMrUJDBT&EVDBUJWBT
-BCPSBUPSJPEF1PMrUJDBT1|CMJDBT#VFOPT"JSFT -11
5VDVNgO&
#VFOPT"JSFT
4FDSFUBSrB(FOFSBMEF'-"1&1SPHSBNB*OUFSEJTDJQMJOBSJP
EF*OWFTUJHBDJPOFTFO&EVDBDJwO 1**&
/%*$&
1SFTFOUBDJwO
$BQrUVMP&MEFSFDIPBMBFEVDBDJwOVOQVOUPEFQBSUJEB
DPODFQUVBM
KVSrEJDPZNFUPEPMwHJDP
-BFEVDBDJwOZFMEFSFDIPBMBFEVDBDJwO
-BOPSNBKVSrEJDBOBDJPOBMFJOUFSOBDJPOBMTPCSF
FMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&MTJTUFNBFTDPMBSOJDBSBHFOTF
-BTDVBUSPDBSBDUFSrTUJDBTRVFEFCFOUFOFSMBTFTDVFMBTQSJNBSJBTQBSB
HBSBOUJ[BSFMEFSFDIPBMBFEVDBDJwOFMNPEFMPEF,BUBSJOB5PNBTFWTLJ
$BQrUVMP-BTCBSSFSBTBMEFSFDIPBMBFEVDBDJwO
FO/JDBSBHVBEFMSFDPOPDJNJFOUPGPSNBMBM
SFDPOPDJNJFOUPFGFDUJWP
&WPMVDJwOEFMBTJUVBDJwOEFQPCSF[BQPSMBRVFBUSBWJFTB
MBNBZPSrBEFMBQPCMBDJwOOJDBSBHFOTF
-BSFMBDJwOFOUSFQPCSF[BZFEVDBDJwOFO/JDBSBHVB
1FSDFQDJwOEFVOBNVFTUSBEFNJFNCSPTEF$POTFKPT
%JSFDUJWPT&TDPMBSFTEFNVOJDJQJPTEF/JDBSBHVBTPCSF
FMEFSFDIPBMBFEVDBDJwO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVBEFBDVFSEPDPOMPTDSJUFSJPTEF
EJTQPOJCJMJEBE
BDDFTJCJMJEBE
BDFQUBCJMJEBEZBEBQUBCJMJEBE
$BQrUVMP-BBVUPOPNrBFTDPMBSVODBTPEFWJPMBDJwO
BMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-BTQSPNFTBTEFMB"VUPOPNrB&TDPMBS
-BBVUPOPNrBFTDPMBSEFTDFOUSBMJ[BDJwOPEFTDPODFOUSBDJwO
"MHVOBTQSFHVOUBTQBSBEFTFOUSBvBSFMQSPDFTPBVUPOwNJDP
&MQSPDFTPEFJOTUJUVDJPOBMJ[BDJwOEFMNPEFMP
-BBVUPOPNrBFTDPMBS DPOFMBGgOEFMVDSPWJOPMBDPSSVQDJwO
-BBVUPOPNrBFTDPMBSFMJOGPSNFPDJBM
$BQrUVMP-BTMVDIBTQPSFMEFSFDIPBMBFEVDBDJwO
FO/JDBSBHVB5FOEFODJBTZQFSTQFDUJWBT
-BTMVDIBTQPSFMEFSFDIPBMBFEVDBDJwO
5FOEFODJBTZQFSTQFDUJWBTEFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
#JCMJPHSBGrB
.JHVFMEF$BTUJMMB6SCJOB
13&4&/5"$*/
&OFTUFEPDVNFOUPTFQSFTFOUBFMFTUVEJP&MEFSFDIPBMBFEVDB
DJwOFO/JDBSBHVB
FMBCPSBEPFOUSFMPTNFTFTEFKVMJPZPDUVCSFEF
DPNP QBSUF EF MBT BDUJWJEBEFT EFM 'PSP -BUJOPBNFSJDBOP EF
1PMrUJDBT&EVDBUJWBT '-"1&
FO/JDBSBHVB
&M FTUVEJP TF QSFTFOUB EJWJEJEP FO DVBUSP DBQrUVMPT &M QSJNFSP
FT DPOUFYUVBMJ[BEPS F JOUSPEVDUPSJP CVTDB BDPSEBS MPT QPSRVnT EF
MB GVODJwO TPDJBM DPOPDJEB DPNP FEVDBDJwO Z TV GVOEBNFOUP DPNP
EFSFDIPIVNBOP%FUBMMBMPTBOUFDFEFOUFTKVSrEJDPTEFMEFSFDIPBMB
FEVDBDJwOBOJWFMJOUFSOBDJPOBMZOBDJPOBM
ZQSFTFOUBUBOUPMBFTUSVD
UVSBEFMTJTUFNBFEVDBUJWPOJDBSBHFOTFDPNPMBNFUPEPMPHrBQBSB
FMFTUVEJPEFEJDIPEFSFDIPGPSNVMBEBQPS,BUBSJOB5PNBTFWTLJ
&OFMDBQrUVMPTFHVOEPTFQSPDVSBDPOGSPOUBSMPTDPOUFOJEPTEFMBT
OPSNBTKVSrEJDBTOBDJPOBMFTFJOUFSOBDJPOBMFTDPOMBSFBMJEBEOJDBSB
HFOTFSFTQFDUPEFMEFSFDIPBMBFEVDBDJwOEFBDVFSEPDPOMPTDSJUF
SJPTEFEJTQPOJCJMJEBE
BDDFTJCJMJEBE
BDFQUBCJMJEBEZBEBQUBCJMJEBE
&O MPT DBQrUVMPT UFSDFSP Z DVBSUP
TF QSFTFOUB
QPS O MBEP
VO
DBTP EF WJPMBDJwO QFSNBOFOUF F JOTUJUVDJPOBMJ[BEB BM EFSFDIP B MB
FEVDBDJwODPNPFTFMNPEFMPEFEFTDPODFOUSBDJwOOBODJFSBEFMB
FEVDBDJwO DPOPDJEP DPNP BVUPOPNrB FTDPMBS
Z
QPS FM PUSP
MBT
UFOEFODJBTZQFSTQFDUJWBTEFMDVNQMJNJFOUPHVCFSOBNFOUBMEFMEF
SFDIPBMBFEVDBDJwOZMBTMVDIBTDJWJMFTQPSMPHSBSMP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
$"156-0&-%&3&$)0"-"&%6$"$*/6/16/50
%&1"35*%"$0/$&156"-
+63%*$0:.&50%0-(*$0
-"&%6$"$*/:&-%&3&$)0"-"&%6$"$*/
$VFOUB ,BUBSJOB 5PNBTFWTLJ
FY 3FMBUPSB &TQFDJBM TPCSF FM
%FSFDIP B MB &EVDBDJwO EF MB $PNJTJwO EF %FSFDIPT )VNBOPT EF
/BDJPOFT6OJEBT
RVFBMBIPSBEFBTVNJSTVDBSHPFOFOFSPEF
TFFODPOUSwDPOMBEJDVMUBEEFMBEJWFSTJEBEUFSNJOPMwHJDBSFGFSJEB
B MB FEVDBDJwO Z DPO MB OFDFTJEBE EF DPOTUSVJS VO MFOHVBKF DPN|O
RVFVOJDBSBMPTEJGFSFOUFTEJTDVSTPTZTFOUJEPT
FTQFDJBMNFOUFFO
MPDPODFSOJFOUFBMEFSFDIPBMBFEVDBDJwO 5PNBTFWTLJ
QQ
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
/PPCTUBOUF
FO
FMQSPCMFNBUPEBWrBDPOUJO|B
NPUJWPQPS
FMDVBM
QBSBFMBCPSEBKFEFMBDVFTUJwOEFMDVNQMJNJFOUPEFMEFSF
DIPBMBFEVDBDJwOFO/JDBSBHVB
FTNFOFTUFSDPNFO[BSQPSQPOFS
FODMBSPDVgMFTTPOMPTQSJODJQBMFTDPOTFOTPTBDFSDBEFMBGVODJwO
TPDJBMDPOPDJEBDPNPFEVDBDJwOZQPSRVnTFMBDPOTJEFSBDPNPVO
EFSFDIPIVNBOPGVOEBNFOUBM
-B NBZPSrB EF MBT EFOJDJPOFT EF VTP DPN|O FO MB BDBEFNJB
TFvBMBRVFMBFEVDBDJwOFTVOQSPDFTPDVZBGVODJwOFTEFTBSSPMMBS
DBQBDJEBEFT Z DPNQFUFODJBT JOUFMFDUVBMFT
QTJDPMwHJDBT
GrTJDBT Z
NPSBMFT
PSJFOUBEBTBRVFMBQFSTPOBQVFEBEFTFNQFvBSTFFDB[
NFOUFFOFMTJTUFNBTPDJBM0USBEFOJDJwODPN|OFTMBRVFBSNB
RVFMBFEVDBDJwODVNQMFDPOFMQBQFMEFBTFHVSBSMBSFQSPEVDDJwOEF
MBFTUSVDUVSBTPDJBMEFDMBTFTFOVOBGPSNBDJwOEFUFSNJOBEBZUBN
CJnOMPRVFFTBRVFMMBRVFBTFHVSBRVFMBFEVDBDJwOFTFMQSPDFTP
NFEJBOUFFMDVBMMBTHFOFSBDJPOFTBEVMUBTUSBOTNJUFOBMBTOVFWBT
HFOFSBDJPOFT MPT FMFNFOUPT EF MB DVMUVSB FYJTUFOUFT FO VOB nQPDB
EBEB %VSLIFJN
$PNPFTQPTJCMFPCTFSWBS
FTUBTEFOJDJPOFTUJF
OFOEPTFMFNFOUPTFODPN|OQPSVOMBEP
TFSFFSFOBMBFEVDBDJwO
DPNPVOQSPDFTPRVFDPOFSFGPSUBMF[BTBMBTQFSTPOBTRVFHP[BO
EFTVTCFOFDJPT
QBSBTVEFTFNQFvPFDB[FOMBWJEBTPDJBMZQPS
PUSP
TVCSBZBOFMQBQFMRVFMBTQFSTPOBTFEVDBEBTKVFHBOFOFMQSP
DFTPEFDPIFTJwO
SFQSPEVDDJwOZPDBNCJPTPDJBM
-PTFOGPRVFTTPCSFMBFEVDBDJwO
&M FOGPRVF NgT EJGVOEJEP FO MB BDUVBMJEBE TPCSF MB FEVDBDJwO
FTFMEFMB#BODB*OUFSOBDJPOBMZMPT.JOJTUFSJPTEF&EVDBDJwOZEF
)BDJFOEBEFOVFTUSPTQBrTFT
CBTBEPFOMBUFTJTRVFDPODJCFBMBFEV
DBDJwODPNPFMQSPDFTPEFQSPEVDDJwOEFMDBQJUBMIVNBOPOFDFTB
SJPQBSBFMEFTBSSPMMPFDPOwNJDPZTPDJBM
FOWJSUVEEFMDVBM
UPEPTMPT
GBDUPSFTZFMFNFOUPTDPOTUJUVUJWPTEFMNJTNP NBFTUSPT
DVSSrDVMP
JOGSBFTUSVDUVSB Z FRVJQPT
GVODJPOBO DPNP JOTVNPT -B FEVDBDJwO
BQBSFDFBTrMJHBEBBMBTUBTBTEFSFOUBCJMJEBEEFMBTJOWFSTJPOFTRVF
TFSFBMJ[BOFOMPTJOTVNPTNFODJPOBEPT
DPNQBSBEBTDPOMBTUBTBT
EFBQSPCBDJwOPQSPNPDJwO
MPTOJWFMFTEFQSPEVDUJWJEBEEFMBGVFS
.JHVFMEF$BTUJMMB6SCJOB
[B EF USBCBKP
FM FNQMFP Z MPT JOHSFTPT -B FEVDBDJwO
TFH|O FTUB
QFSTQFDUJWB
FTQSPQBHBOEJ[BEBDPNPSFRVJTJUPJOEJTQFOTBCMFQBSB
MBQSPEVDDJwOEFSJRVF[B
CJFOFTUBSJOEJWJEVBMZEFTBSSPMMPTPDJBM
&OBSNPOrBDPOFTUBDPODMVTJwO
FTVOMVHBSDPN|OMFFSPFTDV
DIBSFOFMEJTDVSTPDPUJEJBOPEFBDBEnNJDPT
QPMrUJDPT
PSHBOJ[BDJP
OFTTPDJBMFT
PSHBOJTNPTEFOBODJBNJFOUPJOUFSOBDJPOBMPDVNCSFT
EF+FGFTEF(PCJFSOPZ1SFTJEFOUFTEFMBTEJTUJOUBTSFQ|CMJDBT
TPCSF
MBJNQPSUBODJB RVF IPZ TF MF DPOFSF B MB FEVDBDJwO QBSB FM QMFOP
EFTBSSPMMPEFMBTQPUFODJBMJEBEFTEFDBEBQFSTPOB
EFMBGBNJMJBZEF
MBTPDJFEBE&TUFDMJNBMFHJUJNBEPSIBMMFWBEPBRVFMBFEVDBDJwO
FO
FTQFDJBMMBFEVDBDJwOFTDPMBSGPSNBM
FOMBBDUVBMJEBETFBDPOTJEFSB
EBOPTPMBNFOUFDPNPVOBOFDFTJEBEJOEJWJEVBMZTPDJBMCgTJDB
TJOP
UBNCJnODPNPVOEFSFDIPIVNBOPGVOEBNFOUBM
&TUBTDPOTJEFSBDJPOFTUJFOFOVOBCBTFFNQrSJDBTwMJEBUFTUJNP
OJBEBQPSMBTBHFODJBTJOUFSOBDJPOBMFTZMPTPSHBOJTNPTEFOBODJB
NJFOUPJOUFSOBDJPOBM&OFTUFPSEFO
FM1SPHSBNBEF/BDJPOFT6OJEBT
QBSBFM%FTBSSPMMP 1/6%
FOTV*OGPSNFTPCSF%FTBSSPMMP)VNBOP
EF
1/6%
Q
QSFTFOUBMBTTJHVJFOUFTFWJEFODJBTTP
CSFMBSFMBDJwOEFEPCMFWrBFOUSFFEVDBDJwOZEFTBSSPMMP
6OBHSBOWBSJFEBEEFFTUVEJPT
SFBMJ[BEPTFOFMTFDUPSQSP
EVDUJWPBHSPQFDVBSJPFOFMgNCJUPNVOEJBMDPODMVZFSPORVFTJFM
BHSJDVMUPSIBCrBDPNQMFUBEPDVBUSPBvPTEFFEVDBDJwOCgTJDBTV
QSPNFEJPEFQSPEVDUJWJEBEFSB
QPSDJFOUPNBZPSRVFFMEFM
QSPEVDUPSTJOOJOH|OHSBEPFTDPMBS
6OFTUVEJPFOFMgSFBJOEVTUSJBMEFQBrTFTEFNPTUSwRVFDFSDB
EFVOBRVJOUBQBSUFEFMBEFTJHVBMEBEFOMPTJOHSFTPTTFQPErB
FYQMJDBSQPSMBTEJGFSFODJBTFOFMOJWFMFEVDBUJWP
0USPTFTUVEJPTSFWFMBSPORVFVOBVNFOUPEFBQPSDJFOUP
FOMBUBTBEFBMGBCFUJTNPTFBTPDJBCBBVOBVNFOUPEFM
QPS
DJFOUPFOMBQBSUJDJQBDJwOFOFMJOHSFTPEFMQPSDJFOUPNgTQP
CSFEFMBQPCMBDJwO
6OBJOWFTUJHBDJwOFOQBrTFTDPNQBSwTVTUBTBTEFDSFDJNJFOUP
FOFMQFSrPEPZPCTFSWwRVFVOBVNFOUPEFFOUSFFM
ZFMQPSDJFOUPFOFMBMGBCFUJTNPEFMBQPCMBDJwOTFBTPDJBCB
DPOVOJODSFNFOUPEFFOUSFFMZFMQPSDJFOUPFOFM1*#
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-BUBTBEFSFUPSOPEFMBJOWFSTJwOFOFEVDBDJwO NFEJEBQPSFMBV
NFOUPEFMJOHSFTPQFSTPOBMQPSDBEBOVFWPBvPEFFTDPMBSJEBE
FOMPTQBrTFTNFOPTEFTBSSPMMBEPTDBTJEVQMJDBMBEFMPTQBrTFT
JOEVTUSJBMJ[BEPT
1PSTVQBSUF
FM#BODP.VOEJBM #BODP.VOEJBM
Q
FO
VOFTUVEJPSFBMJ[BEPFOQBrTFT
MMFHwBMBDPODMVTJwOEFRVFFM
QPSDJFOUPEFDSFDJNJFOUPFDPOwNJDPEFFTPTQBrTFTTFEFCrBB
TVDBQJUBMGrTJDP NBRVJOBSJB
JOTUBMBDJPOFT
JOGSBFTUSVDUVSB
FUD
ZFM
QPSDJFOUPBTVDBQJUBMIVNBOPZTPDJBM&OQBrTFTDPNP"MFNBOJB
+BQwO
4VJ[B
FTUF|MUJNPQPSDFOUBKFBTDFOErBBMQPSDJFOUP
&TUVEJPTFTQFDrDPTTPCSFQBrTFTDPNP4JOHBQVS
$PSFB
+BQwO
5|OF[
.BVSJDJP
SFWFMBOMBFTUSFDIBSFMBDJwOEFTVTOJWFMFTEFFEV
DBDJwOZDBQBDJUBDJwODPOMBDSFDJFOUFDPNQFUJUJWJEBEJOUFSOBDJPOBM
EFTVTFYQPSUBDJPOFT
BTrDPNPDPOMBUSBOTGPSNBDJwORVFFTUBTIBO
TVGSJEP
EFTEFMBTJOJDJBMFTJOUFOTJWBTFONBOPEFPCSBIBTUBMBTBD
UVBMFTEFNBZPSDPOUFOJEPUFDOPMwHJDP
.gTDFSDBEFOPTPUSPTFO"NnSJDB-BUJOBZFM$BSJCF
VOFTUVEJP
EFM$&/%&4 $&/%&4
Q
*OTUJUVUPEF*OWFTUJHBDJPOFTEFMB
6OJWFSTJEBE$FOUSBMEF7FOF[VFMB 6$7
SFBMJ[BEPFO7FOF[VFMBFO
SFWFMwRVFFMTBMBSJPQSPNFEJPEFVOBQFSTPOBDPOFEVDBDJwO
QSJNBSJBFSBQPSDJFOUPNgTBMUPRVFFMEFVOBQFSTPOBTJOFEVDB
DJwO
FMEFVOBQFSTPOBDPOFEVDBDJwOTFDVOEBSJBFSBQPSDJFOUP
NgTBMUPRVFFMEFVOBQFSTPOBDPOTwMPFEVDBDJwOQSJNBSJB
ZFMEF
VOBQFSTPOBDPOFEVDBDJwOTVQFSJPSFSBQPSDJFOUPNgTBMUPRVF
FMEFVOBQFSTPOBRVFTwMPUFOrBOJWFMEFFEVDBDJwOTFDVOEBSJB&TUP
FYQMJDBMBSFMBDJwOEJSFDUBZEFEPCMFWrBFOUSFFMOJWFMFEVDBUJWPZFM
OJWFMEFJOHSFTPT
1PSTVQBSUF
FMFDPOPNJTUB(1TBDIBSPQPVMPT
BQBSUJSEF
VODPOKVOUPEFFTUVEJPTSFBMJ[BEPTFO"NnSJDB-BUJOB
"TJB
&VSPQBZ
MPT&TUBEPT6OJEPT
DPODMVZFRVF
-BTEJGFSFODJBTFOMBFEVDBDJwODPOTUJUVZFOMBWBSJBCMFEFNBZPS
JODJEFODJBFOMBEFTJHVBMEBEEFMPTJOHSFTPT
-BCBKBFTDPMBSJEBEQSJNBSJBFTMBDBSBDUFSrTUJDBRVFNgTTFDP
SSFMBDJPOBDPOFMIFDIPEFRVFMBQFSTPOBUSBCBKBEPSBTFIBMMFFO
FMQPSDJFOUPJOGFSJPSEFMJOHSFTPTBMBSJBM
.JHVFMEF$BTUJMMB6SCJOB
&YJTUFVOBBMUBDPSSFMBDJwOFOUSFMBUBTBEFUFSNJOBDJwOFTDPMBS
FTQFDJBMNFOUFEFMOJWFMQSJNBSJP
ZMPTOJWFMFTEFQSPEVDUJWJEBE
FOFMUSBCBKP
-BUBTBEFSFOUBCJMJEBEEFMBJOWFSTJwOUBOUPQ|CMJDBDPNPQSJWB
EBFOFEVDBDJwO
FTNgTBMUBFONVKFSFTRVFFOIPNCSFT
FTQF
DJBMNFOUFQPSFMFGFDUPEJGVTPSFOMBGBNJMJBZQPSMBNFKPSrBFOMB
JHVBMEBEEFMPTTBMBSJPTGFNFOJOPTSFTQFDUPEFMPTNBTDVMJOPT
&OQFSrPEPTEFBKVTUFTPDJBM
DSJTJTEFFNQMFPZSFFTUSVDUVSBDJwO
EFMUSBCBKP
MPTNgTCFOFDJBEPTTPOMPTRVFQPTFFOVOBNFKPS
CBTF
EFUJQPHFOFSBM
FOTVTDPOPDJNJFOUPT
1FSPMBFEVDBDJwOFTNgTRVFMBSFMBDJwOEFMBTQFSTPOBTDPOMB
FDPOPNrBZFMEFTBSSPMMPFDPOwNJDP&MMBUBNCJnOFTFMGBDUPSCgTJDP
QBSBMBGPSNBDJwOEFVOBDJVEBEBOrBEFNPDSgUJDBZQBSBMBDPOTUSVD
DJwOEFMBEFNPDSBDJBFOOVFTUSPTQBrTFT-BFEVDBDJwOFTGBDUPSQBSB
FMEFTBSSPMMPQFSTPOBMZMBJOTFSDJwOJOEJWJEVBMFOFMNFEJPGBNJMJBS
ZTPDJBM&ODVBMRVJFSTPDJFEBE
FTGVOEBNFOUBMRVFTVTNJFNCSPT
TF BQSPQJFO EF VO NrOJNP EF TBCFSFT Z DPOPDJNJFOUPT
DPNQPSUB
NJFOUPT
BDUJUVEFTZWBMPSFT
FOFTQFDJBMEFBRVFMMPTRVFDPOTUJUV
ZFOSFRVJTJUPCgTJDPQBSBTVQBSUJDJQBDJwOFGFDUJWBFOMBWJEBTPDJBM
&YJTUFVOBSFMBDJwOFOUSFFMOJWFMFEVDBUJWPZMBTQPTJCJMJEBEFTEFMB
QFSTPOBQBSBQBSUJDJQBSFGFDUJWBNFOUFFOMBEFUFDDJwOZEJBHOwTUJDP
EFMPTQSPCMFNBTEFTVDPNVOJEBEZTVQBrTZFOMBGPSNVMBDJwOZ
QSPQVFTUBEFTPMVDJPOFTBMPTNJTNPT"NgTBMUPTOJWFMFTEFFEV
DBDJwO
NBZPSFTQPTJCJMJEBEFTQBSBMBDPOTUSVDDJwOEFMBEFNPDSBDJB
QBSUJDJQBUJWBFOVOBTPDJFEBEEBEB:WJDFWFSTB
BNFOPSFTOJWFMFT
EF FEVDBDJwO
NBZPSFT QPTJCJMJEBEFT QBSB RVF JNQFSFO SFHrNFOFT
FYDMVZFOUFTZBVUPSJUBSJPT
&YJTUFPUSPFOGPRVF
NgTUSBEJDJPOBM
RVFWFFOMBFEVDBDJwODPNP
QSJODJQJPZOEFUPEPMPIVNBOP
RVFMBDPOTJEFSBDPOQPEFSFTDB
SJTNgUJDPT Z DPNP QBOBDFB VOJWFSTBM DBQB[ EF SFTPMWFS QPS Tr TPMB
MPTQSPCMFNBTEFMBUSBTPZEFDPOWFSUJSTFFOJOTUSVNFOUP|OJDPEFM
CJFOFTUBS EFM IPNCSF &O FTUF FOGPRVF
FM QSPDFTP FEVDBUJWP BQB
SFDFDPNPRVFTJTFEJFTFGVFSBEFMBIJTUPSJBZTJOSFMBDJwODPOFM
FOUPSOPEFMBTFTDVFMBT4FH|OFTUBDPODFQDJwO
MPTQSPCMFNBTEFMB
FEVDBDJwOTFPSJHJOBOZEFTBSSPMMBOEFOUSPEFMPTMrNJUFTEFMFTQBDJP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
FEVDBDJPOBMNJTNP
ZQPSMPUBOUPMBTTPMVDJPOFTOPTFCVTDBOGVFSB
TJOP EFOUSP EF MPT FMFNFOUPT Z GBDUPSFT RVF JOUFSSFMBDJPOBEBNFO
UFQSPEVDFOFMIFDIPFEVDBUJWP&OFTUBQFSTQFDUJWBTFMFBTJHOBB
MBFEVDBDJwOVOBFYBHFSBEBWBMPSBDJwO
RVFTFPCKFUJWBUBOUPFOTV
SFMBDJwODPOMBTPDJFEBEHMPCBMZTVEFTBSSPMMP MBFEVDBDJwOFTMB
DMBWFEFMEFTBSSPMMPTJOFEVDBDJwOOPIBZEFTBSSPMMP
FUD
DPNP
FOFMQBQFMHFOFSBMRVFTFMFBUSJCVZFBOJWFMEFOFTZEFNFEJPT
DBSBDUFSJ[BEPQPSVONBSDBEPNJTUJDJTNPFEVDBUJWP FMNBFTUSPFT
VOBQwTUPM
$SJTUPNPEFSOP
TFHVOEPQBESF
FUD
$PNP FT QPTJCMF PCTFSWBS
UBM QSPQPTJDJwO FT GBMTB
QVFT FO MB
OBUVSBMF[BZFOMBTPDJFEBEOPIBZIFDIPTPGFOwNFOPTFTUgUJDPT
JODPOUBNJOBEPTPQVSPT
-B FEVDBDJwO DPNP QSPDFTP TPDJBM OP QVFEF FOUFOEFSTF TJO TV
DPSSFTQPOEJFOUF DPOFYJwO DPO VO EFUFSNJOBEP DPOUFYUP IJTUwSJDP
TPDJBM
DBSBDUFSJ[gOEPTF QPS TFS
EJBMnDUJDBNFOUF
DBVTB Z FGFDUP
B MB WF[ SFDJCF EF MB FTUSVDUVSB FDPOwNJDB Z EF MBT SFMBDJPOFT EF
QSPEVDDJwORVFEFOFOTVTFOUJEPZEJSFDDJwOZMPTDPOEJDJPOBOUFT
PCKFUJWPTRVFMBEFUFSNJOBO
Z
BTVWF[
DPOUSJCVZFBDPOEJDJPOBSB
DBEBVOBEFMBTFTUSVDUVSBTDPORVFTFSFMBDJPOBZBMPTQSPDFTPTEF
SFQSPEVDDJwOZDBNCJPRVFPDVSSFOFOFMEFTBSSPMMPEFMBTNJTNBT
&OFTUFPSEFO
MBWJODVMBDJwOFOUSFFEVDBDJwOZEFTBSSPMMPQFSTP
OBMZTPDJBMOPFTVOBSFMBDJwOTJOIJTUPSJBRVFTFEBJHVBMFODBEB
nQPDBPDBEBMVHBSQPSFMDPOUSBSJP
FTVOBSFMBDJwOQSPGVOEBNFOUF
EJBMnDUJDB
DVZBJOUFOTJEBE
WFMPDJEBEEFNPWJNJFOUPZDPOTFDVFO
DJBT QFSTPOBMFT Z TPDJBMFT WBO B EFQFOEFS EF MB VCJDBDJwO EF MB
QFSTPOBRVFBQSFOEFFOMBFTUSVDUVSBTPDJBMEFDMBTFTZMBTDJSDVOT
UBODJBTIJTUwSJDBTEFDBEBGPSNBDJwOTPDJBM/PFTJHVBMIBCMBSEFMB
FEVDBDJwOFOMBnQPDBGFVEBMRVFFOMBDBQJUBMJTUB
OJFOMBTDJSDVOT
UBODJBTEFMDBQJUBMJTNPTPCSFEFTBSSPMMBEPRVFFOMBTEFMDBQJUBMJTNP
TVCEFTBSSPMMBEP
OJTJRVJFSBEFMBFEVDBDJwOFOEJGFSFOUFTQBrTFTEF
TJNJMBSFTOJWFMFTEFEFTBSSPMMP
OJEFMBFEVDBDJwOQBSBMBTEJGFSFOUFT
DMBTFTZTFDUPSFTTPDJBMFTEFVONJTNPQBrT/PFTJHVBMMBFEVDBDJwO
RVFSFDJCFOMPTOJvPTZKwWFOFTEFMBTDMBTFTBDPNPEBEBTNFEJBTZ
BMUBTFOMPTDPMFHJPTSFMJHJPTPTZEFPSJHFOFYUSBOKFSPEFMBTDJVEBEFT
DBQJUBMFTEFMPTQBrTFTMBUJOPBNFSJDBOPT
RVFMBFEVDBDJwORVFSFDJ
.JHVFMEF$BTUJMMB6SCJOB
CFOMPTOJvPTZKwWFOFTQPCSFTZFOTJUVBDJwOEFQPCSF[BFYUSFNBEF
MBTCBSSJBEBTZDPNBSDBTEFDVBMRVJFSBEFOVFTUSPTQBrTFT
"TrDPNPMBFEVDBDJwOOPFTVOQSPDFTPTPDJBMGVFSBEFMBIJTUPSJB
UBNQPDP FT VO QSPDFTP OFVUSP 5PEB MB PCSB EF 'SFJSF FTUg GVOEB
EBFOMBJEFBRVFSFJWJOEJDBMBSFMBDJwOFOUSFFEVDBDJwOFJOUFSFTFT
Z WBMPSFT EF DMBTF " JOJDJPT EF MPT BvPT PDIFOUB FO /JDBSBHVB
MB
$SV[BEB /BDJPOBM EF "MGBCFUJ[BDJwO
RVF BMGBCFUJ[w B BMSFEFEPS
EFMDVBSFOUBQPSDJFOUPEFMBQPCMBDJwOBOBMGBCFUBNBZPSEFDBUPS
DF BvPT
GVF BDVTBEB EF TFS VOB DBNQBvB QPMrUJDB QPS MBT GVFS[BT
DPOUSBSSFWPMVDJPOBSJBTOBODJBEBTQPSFMHPCJFSOPOPSUFBNFSJDBOP
-PTBMGBCFUJ[BEPSFTSFTQPOErBOBSNBUJWBNFOUF
TFvBMBOEPRVFMB
$SV[BEBFSBVOBUBSFBQPMrUJDBEFMB3FWPMVDJwOZRVF
BTrDPNPTF
IBCrBEFSSPDBEPBMBEJDUBEVSBNJMJUBSTPNPDJTUB
EFMPRVFTFUSBUB
CBFSBEFEFSSPDBSBMBJHOPSBODJB&OMBEnDBEBEF
FOMPTBvPT
EFM OFPMJCFSBMJTNP
MB FTDVFMB EF MB FEVDBDJwO QPQVMBS TBOEJOJTUB
TVGSJwVODBNCJPSBEJDBMGVFDPOWFSUJEB
QSJWBUJ[BEBZTVCTVNJEBFO
MPTWBMPSFTZWJDJPTEFMNFSDBEPDBQJUBMJTUB%FOVFWPMBFEVDBDJwO
DVNQMJwZDVNQMFTVGVODJwOQPMrUJDBTFH|OMPTJOUFSFTFTEFMBDMBTF
TPDJBMRVFMBQSPNVFWF
/PPCTUBOUF
MBJNQPTJDJwODMBTJTUBBUSBWnTEFMBFEVDBDJwO
OP
FTVOQSPDFTPNFDgOJDP
WFSUJDBMPQFSNBOFOUF
TJOPRVFTFEBFO
FM DPOUFYUP EF N|MUJQMFT MVDIBT QPS MB IFHFNPOrB DVMUVSBM
MP RVF
QFSNJUFVOSFMBUJWPgNCJUPEFBVUPOPNrBQBSBRVFMPTTFDUPSFTTP
DJBMFT TJOEJDBUPTEFMNBHJTUFSJPZBTPDJBDJPOFTDJWJMFTRVFUSBCBKBO
QPS FM EFSFDIP B MB FEVDBDJwO
QVFEBO EFTBSSPMMBS TVT QSPZFDUPT
DPOUSBIFHFNwOJDPT
-BFEVDBDJwOFTBTrVOQSPDFTPTPDJBMDPNQMFKPRVF
TFH|OTFBMB
VCJDBDJwOEFMBTQFSTPOBTFOMBFTUSVDUVSBTPDJBMEFDMBTFT
MFTQFS
NJUFEFTBSSPMMBSTVTDBQBDJEBEFTCJPMwHJDBTZQTJDPMwHJDBT
DBMJDBS
TVGVFS[BEFUSBCBKPZBQSPQJBSTFEFMPTCJFOFTZWBMPSFTEFMBDVM
UVSB
DSFBOEPMBTDPOEJDJPOFTZQPTJCJMJEBEFTQBSBTVEFTFNQFvPZ
DSFDJNJFOUPFOFMNFSDBEPEFUSBCBKPZQBSBTVJOTFSDJwO
PQPTJDJwOZ
SFTJTUFODJBDPOSFTQFDUPBMPTQSPDFTPTEFDPIFTJwOTPDJBMBMSFEFEPS
EFMPTJOUFSFTFTEFMPTHSVQPTEPNJOBOUFT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
1PSRVnMBFEVDBDJwOFTVOEFSFDIPIVNBOP
'SFOUFBFTUBQFSTQFDUJWB
TVSHFMBQSFHVOUBRVFEBTFOUJEPBFTUF
USBCBKP 1PS RVn MB FEVDBDJwO FT VO EFSFDIP IVNBOP VOJWFSTBM
&TVOEFSFDIPOBUVSBM
RVFFTUgFOMBOBUVSBMF[BEFMTFSIVNBOP
PFTVOEFSFDIPTPDJBMOFDFTBSJPQBSBFMEFTBSSPMMPEFMBTPDJFEBE
2VnTJHOJDBFMUnSNJOPEFSFDIP
UBOUPEFTEFMPTJOUFSFTFTEFMBT
QFSTPOBTDPNPEFTEFMPTEFM&TUBEP
RVFFTFM&TUBEPEFMBTDMBTFT
EPNJOBOUFT
)JTUwSJDBNFOUFFMDPODFQUPEFEFSFDIPBQBSFDFWJODVMBEPDPOFM
DPODFQUPEFKVTUJDJB
NPUJWPQPSFMDVBMMBTBUJTGBDDJwOPOFHBDJwOEF
VOEFSFDIP
DVBMRVJFSBTFB
DPOTUJUVZFVOBDUPEFKVTUJDJBPJOKVTUJ
DJB
NgTB|OTJTFUSBUBEFMEFSFDIPBMBFEVDBDJwO
VOEFSFDIPEF
JHVBMDBUFHPSrBRVFFMEFSFDIPBMBWJEB
1BSBPGSFDFSMV[BFTUBSFMBDJwOZBMBRVFTFFTUBCMFDFFOUSFFTUB
ZMBFEVDBDJwO
TFDPOTVMUwBMMwTPGPZFEVDBEPSOJDBSBHFOTF%S
+VBO#BVUJTUB"SSJFO
RVJFOSFTQPOEJwBTr6MQJBOPEFOJwMBDBUF
HPSrBKVTUJDJBDPNPMBDPOTUBOUFZQFSQFUVBWPMVOUBEEFEBSBDBEB
RVJFOMPTVZP:RVnFTMPTVZPZMPNgTTVZPEFVOBQFSTPOB
TF
QSFHVOUB"SSJFO
BMPRVFSFTQPOEF"MHVOPTBVUPSFTNPEFSOPTRVF
IBO USBUBEP FM UFNB
DPNP +VBO -MBNCrBT EF "DFWFEP Z 3FDBTTFOT
4JDIFT
JOUFSQSFUBOMPTVZPZMPNgTTVZPEFVOBQFSTPOB
DPNP
BRVFMMPRVFQFSUFOFDFBMTVKFUPOPDPNPVOBDPODFTJwOEFMBMFZQP
TJUJWB
TJOPDPNPDPOTFDVFODJBEFTVOBUVSBMF[B
FTFODJBZWBMPS
1BSB-MBNCrBT
FMTVZPQSJNBSJPFTUgDPNQVFTUPEFMPTBUSJCVUPT
EFMBQFSTPOBMJEBEMBWJEB
MBJOUFHSJEBEEFMPTNJFNCSPT
MBTBMVE
MBFEVDBDJwO
MBTDPTBTFYUFSJPSFTOFDFTBSJBTQBSBMBTVCTJTUFODJB
MB
MJCFSUBE
MBTGBDVMUBEFTFTQJSJUVBMFT
MBTQSPQJBTPCSBTTFBONBUF
SJBMFTPFTQJSJUVBMFTZFMIPOPS
4PCSFFMEFSFDIPBMBFEVDBDJwOZMBSFMBDJwOFOUSFKVTUJDJBZFEV
DBDJwOEFTEFFMQVOUPEFWJTUBEFMBMPTPGrBEFMEFSFDIP
"SSJFOQVO
UVBMJ[wRVF&MEFSFDIPBFEVDBSTFTFGVOEBNFOUBFOMBOFDFTJEBE
EFDPOTUSVJSTFDPNPQFSTPOBZFOMBPQPSUVOJEBESFBMEFDPOUBSDPO
.JHVFMEF$BTUJMMB6SCJOB
&OUSFWJTUBB+VBO#"SSJFOEFMEFKVMJPEF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-"/03."+63%*$"/"$*0/"-&*/5&3/"$*0/"-
40#3&&-%&3&$)0"-"&%6$"$*/&//*$"3"(6"
-B KVSJTQSVEFODJB Z MBT QSJODJQBMFT MrOFBT EF QPMrUJDB FEVDBUJWB
TPCSFFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVBJODMVZFOOPTwMPMBMF
HJTMBDJwO OBDJPOBM TJOP UBNCJnO MPT EJGFSFOUFT USBUBEPT SFGFSJEPT B
FTUBNBUFSJB
SBUJDBEPTDPNPTVZPTQPSFM&TUBEPEF/JDBSBHVBFO
EJGFSFOUFTNPNFOUPTZnQPDBT
.JHVFMEF$BTUJMMB6SCJOB
&MNBSDPKVSrEJDPJOUFSOBDJPOBMTPCSF
FMEFSFDIPBMBFEVDBDJwO
&MNBSDPKVSrEJDPJOUFSOBDJPOBMTPCSFFMEFSFDIPBMBFEVDBDJwO
EFMRVF/JDBSBHVBFTQBSUF
JODMVZFUBOUPMPTJOTUSVNFOUPTSFDUPSFT
TPCSFEFSFDIPTIVNBOPTDPNPPUSPTSFGFSJEPTBDPOWFODJPOFT
QBD
UPTZQSPUPDPMPTSFMBDJPOBEPTDPOFTUBUFNgUJDB
-PTQSJODJQBMFTJOTUSVNFOUPTEFMNBSDPKVSrEJDPJOUFSOBDJPOBMTP
CSFFMEFSFDIPBMBFEVDBDJwOTPOMPTTJHVJFOUFT
&OFMBSUrDVMPEFMB%FDMBSBDJwO6OJWFSTBMEFMPT%FSFDIPT
)VNBOPT
TFEJDF
5PEBQFSTPOBUJFOFEFSFDIPBMBFEVDBDJwO-BFEVDBDJwOEFCF
TFSHSBUVJUB
BMNFOPTFOMPDPODFSOJFOUFBMBFMFNFOUBMZGVOEBNFO
UBM-BJOTUSVDDJwOFMFNFOUBMTFSgPCMJHBUPSJB-BJOTUSVDDJwOUnDOJDBZ
QSPGFTJPOBMIBCSgEFTFSHFOFSBMJ[BEBFMBDDFTPBMPTFTUVEJPTTVQF
SJPSFTTFSgJHVBMQBSBUPEPT
FOGVODJwOEFMPTNnSJUPTSFTQFDUJWPT
-BFEVDBDJwOUFOESgQPSPCKFUPFMQMFOPEFTBSSPMMPEFMBQFSTP
OBMJEBEIVNBOBZFMGPSUBMFDJNJFOUPEFMSFTQFUPBMPTEFSFDIPTIV
NBOPTZBMBTMJCFSUBEFTGVOEBNFOUBMFTGBWPSFDFSgMBDPNQSFOTJwO
MBUPMFSBODJBZMBBNJTUBEFOUSFUPEBTMBTOBDJPOFTZUPEPTMPTHSVQPT
nUOJDPTPSFMJHJPTPTZQSPNPWFSgFMEFTBSSPMMPEFMBTBDUJWJEBEFTEF
MBT/BDJPOFT6OJEBTQBSBFMNBOUFOJNJFOUPEFMBQB[
-PT QBESFT UFOESgO EFSFDIP QSFGFSFOUF B FTDPHFS FM UJQP EF
FEVDBDJwORVFIBCSgEFEBSTFBTVTIJKPT
&OFMBSUrDVMPEFMB%FDMBSBDJwO"NFSJDBOBEFMPT%FSFDIPTZ
%FCFSFTEFM)PNCSF
TFFYQSFTB
5PEBQFSTPOBUJFOFEFSFDIPBMBFEVDBDJwO
MBRVFEFCFFT
UBS JOTQJSBEB FOMPT QSJODJQJPT EF MJCFSUBE
NPSBMJEBEZTPMJEBSJEBE
IVNBOBT
"TJNJTNPUJFOFFMEFSFDIPEFRVF
NFEJBOUFFTUBFEVDBDJwO
TF
MFDBQBDJUFQBSBMPHSBSVOBEJHOBTVCTJTUFODJB
FMNFKPSBNJFOUPEFM
OJWFMEFWJEBZQBSBTFS|UJMBMBTPDJFEBE
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&MEFSFDIPBMBFEVDBDJwODPNQSFOEFFMEFJHVBMEBEEFPQPSUV
OJEBEFTFOUPEPTMPTDBTPTEFBDVFSEPDPOMBTEPUFTOBUVSBMFT
MPT
NnSJUPTZFMEFTFPEFBQSPWFDIBSMPTSFDVSTPTRVFQVFEBOQSPNPDJP
OBSMBDPNVOJEBEZFM&TUBEP
5PEBQFSTPOBUJFOFEFSFDIPBSFDJCJSHSBUVJUBNFOUFMBFEVDB
DJwOQSJNBSJB
QPSMPNFOPT
&M 1BDUP *OUFSOBDJPOBM EF %FSFDIPT
&DPOwNJDPT
4PDJBMFT Z
$VMUVSBMFT
SFDPOPDFFMEFSFDIPBMBFEVDBDJwOFOTV"SUrDVMP
OVNFSBMFT
Z
-PT&TUBEPT1BSUFTFOFMQSFTFOUF1BDUPSFDPOPDFOFMEFSFDIP
EFUPEBQFSTPOBBMBFEVDBDJwO$POWJFOFOFORVFMBFEVDBDJwOEFCF
PSJFOUBSTFIBDJBFMQMFOPEFTBSSPMMPEFMBQFSTPOBMJEBEIVNBOBZEFM
TFOUJEPEFTVEJHOJEBE
ZEFCFGPSUBMFDFSFMSFTQFUPQPSMPTEFSFDIPT
IVNBOPTZMBTMJCFSUBEFTGVOEBNFOUBMFT
$POWJFOFOBTJNJTNPFORVFMBFEVDBDJwOEFCFDBQBDJUBSBUPEBT
MBT QFSTPOBT QBSB QBSUJDJQBS FGFDUJWBNFOUF FO VOB TPDJFEBE MJCSF
GBWPSFDFSMBDPNQSFOTJwO
MBUPMFSBODJBZMBBNJTUBEFOUSFUPEBTMBT
OBDJPOFT Z FOUSF UPEPT MPT HSVQPT SBDJBMFT
nUOJDPT P SFMJHJPTPT
Z
QSPNPWFSMBTBDUJWJEBEFTEFMBT/BDJPOFT6OJEBTFOQSPEFMNBOUF
OJNJFOUPEFMBQB[
-PT &TUBEPT 1BSUFT FO FM QSFTFOUF 1BDUP SFDPOPDFO RVF
DPO
PCKFUPEFMPHSBSFMQMFOPFKFSDJDJPEFFTUFEFSFDIP
B-BFOTFvBO[BQSJNBSJBEFCFTFSPCMJHBUPSJBZBTFRVJCMFBUPEPT
HSBUVJUBNFOUF
C-BFOTFvBO[BTFDVOEBSJB
FOTVTEJGFSFOUFTGPSNBT
JODMVTPMB
FOTFvBO[BTFDVOEBSJBUnDOJDBZQSPGFTJPOBM
EFCFTFSHFOFSBMJ[BEBZ
IBDFSTFBDDFTJCMFBUPEPT
QPSDVBOUPTNFEJPTTFBOBQSPQJBEPT
ZFO
QBSUJDVMBSQPSMBJNQMBOUBDJwOQSPHSFTJWBEFMBFOTFvBO[BHSBUVJUB
D-BFOTFvBO[BTVQFSJPSEFCFIBDFSTFJHVBMNFOUFBDDFTJCMFBUP
EPT
TPCSFMBCBTFEFMBDBQBDJEBEEFDBEBVOP
QPSDVBOUPTNFEJPT
TFBOBQSPQJBEPT
ZFOQBSUJDVMBSQPSMBJNQMBOUBDJwOQSPHSFTJWBEFMB
FOTFvBO[BHSBUVJUB
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
MBDPNQSFOTJwO
MBUPMFSBODJBZMBBNJTUBEFOUSFMBTOBDJPOFTZMPT
HSVQPTnUOJDPTZSFMJHJPTPT
1PSFMMP
UPEBQFSTPOBUJFOFEFSFDIPBMBFEVDBDJwO
MBDVBMEFCF
TFSHSBUVJUBZPCMJHBUPSJB
&MNBSDPKVSrEJDPOBDJPOBMTPCSF
FMEFSFDIPBMBFEVDBDJwO
&MNBSDPKVSrEJDPOJDBSBHFOTFTPCSFFMEFSFDIPBMBFEV
DBDJwOTFFODVFOUSBDPOTJHOBEPFOMB$POTUJUVDJwO1PMrUJDB
EF MB 3FQ|CMJDB EF /JDBSBHVB
FM $wEJHP EF MB /JvF[ Z MB
"EPMFTDFODJBZMB-FZ(FOFSBMEF&EVDBDJwO
-B$POTUJUVDJwO1PMrUJDBEFMB3FQ|CMJDBEF/JDBSBHVB
-B $POTUJUVDJwO 1PMrUJDB RVF SJHF MB WJEB EFM QBrT GVF BQSPCBEB
FO
EFTQVnT EF EPT BvPT EF EFCBUF OBDJPOBM
FO
FM DPOUFYUP EF MB 3FWPMVDJwO 4BOEJOJTUB
Z SFGPSNBEB FO MPT BvPT
Z -PT BSUrDVMPT EF MB $POTUJUVDJwO 1PMrUJDB SFGFSJEPT B
MBFEVDBDJwOTPOFMQSPEVDUPEFVOBDPOTVMUBOBDJPOBMQBSBEFOJS
MPTPCKFUJWPT
OFTZQSJODJQJPTEFMBFEVDBDJwO
SFBMJ[BEBFOZ
FOMBRVFQBSUJDJQBSPOUSFJOUBZUSFTPSHBOJTNPT
EFTEFMBT'VFS[BT
"SNBEBTZMB$POGFSFODJB&QJTDPQBMEFMB*HMFTJB$BUwMJDB
IBTUBMBT
"TPDJBDJPOFTEFQPFUBT
PCSFSPT
DBNQFTJOPTZOJvPTTBOEJOJTUBT
-B$POTUJUVDJwOSFDPOPDFFM%FSFDIPBMB&EVDBDJwOEFMPTOJDBSB
HFOTFTFOTVTBSUrDVMPT
Z
"SU -PT OJDBSBHFOTFT UJFOFO EFSFDIP B MB FEVDBDJwO Z MB
DVMUVSB
"SU -B FEVDBDJwO UJFOF DPNP PCKFUJWP MB GPSNBDJwO QMFOB
FJOUFHSBMEFMOJDBSBHFOTF
EPUBSMPEFVOBDPODJFODJBDSrUJDB
DJFO
UrDB Z IVNBOJTUB EFTBSSPMMBS TV QFSTPOBMJEBE Z FM TFOUJEP EF TV
EJHOJEBEZDBQBDJUBSMPQBSBBTVNJSMBTUBSFBTEFJOUFSnTDPN|ORVF
EFNBOEBFMQSPHSFTPEFMBOBDJwO1PSDPOTJHVJFOUF
MBFEVDBDJwOFT
.JHVFMEF$BTUJMMB6SCJOB
GBDUPSGVOEBNFOUBMQBSBMBUSBOTGPSNBDJwOZFMEFTBSSPMMPEFMJOEJWJ
EVPZMBTPDJFEBE
"SU-BFEVDBDJwOFTVOQSPDFTP|OJDP
EFNPDSgUJDP
DSFB
UJWP Z QBSUJDJQBUJWP RVF WJODVMB MB UFPSrB DPO MB QSgDUJDB
FM USBCBKP
NBOVBMDPOFMJOUFMFDUVBMZQSPNVFWFMBJOWFTUJHBDJwODJFOUrDB4F
GVOEBNFOUBFOOVFTUSPTWBMPSFTOBDJPOBMFT
FOFMDPOPDJNJFOUPEF
OVFTUSBIJTUPSJB
EFMBSFBMJEBE
EFMBDVMUVSBOBDJPOBMZVOJWFSTBM
FO
FMEFTBSSPMMPDPOTUBOUFEFMBDJFODJBZEFMBUnDOJDBDVMUJWBMPTWBMP
SFTQSPQJPTEFMOVFWPOJDBSBHFOTF
EFBDVFSEPDPOMPTQSJODJQJPT
FTUBCMFDJEPT FO MB QSFTFOUF $POTUJUVDJwO
DVZP FTUVEJP EFCFSg TFS
QSPNPWJEP
"SU&MBDDFTPBMBFEVDBDJwOFTMJCSFFJHVBMQBSBUPEPTMPT
OJDBSBHFOTFT -B FOTFvBO[B CgTJDB FT HSBUVJUB Z PCMJHBUPSJB -BT
$PNVOJEBEFTEFMB$PTUB"UMgOUJDBUJFOFOBDDFTPFOTVSFHJwOBMB
FEVDBDJwO FO TV MFOHVB NBUFSOB FO MPT OJWFMFT RVF TF EFUFSNJOF
EF BDVFSEP DPO MPT QMBOFT Z QSPHSBNBT OBDJPOBMFT "TBNCMFB
/BDJPOBM
Q
&M$wEJHPEFMB/JvF[ZMB"EPMFTDFODJB
&M$wEJHPEFMB/JvF[ZMB"EPMFTDFODJB
-FZ/
EFMEFNBZP
EF
FOTVTBSUrDVMPT
ZFYQSFTB
"SU-BTOJvBT
OJvPTZBEPMFTDFOUFTUJFOFOEFSFDIPBMBFEV
DBDJwO
PSJFOUBEBBEFTBSSPMMBSIBTUBFMNgYJNPEFTVTQPTJCJMJEBEFT
TVQFSTPOBMJEBE
BQUJUVEFTZDBQBDJEBEFTGrTJDBZNFOUBMFT
BMSFT
QFUPBTVNBESFZQBESF
BMPTEFSFDIPTIVNBOPT
BMEFTBSSPMMPEF
TVQFOTBNJFOUPDSrUJDP
BMBQSFQBSBDJwOEFTVJOUFHSBDJwODJVEBEBOB
EFNBOFSBSFTQPOTBCMFZBTVDBMJDBDJwOEFMUSBCBKPQBSBBEPMFT
DFOUFT
IBDJFOEPIJODBQJnFOSFEVDJSMBTEJTQBSJEBEFTBDUVBMFTFOMB
FEVDBDJwOEFOJvBTZOJvPT&M&TUBEPBTFHVSBSgBMBTOJvBT
OJvPTZ
BEPMFTDFOUFT
MB FEVDBDJwO Q|CMJDB QSJNBSJB HSBUVJUB Z PCMJHBUPSJB
FODPOEJDJPOFTEFJHVBMEBEQBSBFMBDDFTPZQFSNBOFODJBFOMBFT
DVFMB/JOHVOBOJvB
OJvPZBEPMFTDFOUFRVFEBSgTJONBUSrDVMB
EFSF
DIPBSFBMJ[BSFYgNFOFTPSFDJCJSTVTOPUBTPEJQMPNBTQPSSB[POFT
FDPOwNJDBTFOMPT$FOUSPTEF&EVDBDJwO&TUBUBM&MJODVNQMJNJFOUP
EFMBQSFTFOUFEJTQPTJDJwOQPSQBSUFEFMBTBVUPSJEBEFT
GVODJPOBSJPT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
ZFNQMFBEPTQ|CMJDPT
TFSgTBODJPOBEPEFDPOGPSNJEBEBMBMFHJTMB
DJwODPSSFTQPOEJFOUF-BTOJvBT
OJvPTZBEPMFTDFOUFTEFCFSgOHP[BS
EFMSFTQFUPEFTVTFEVDBEPSFT
UFOESgOEFSFDIPEFQFUJDJwOZRVF
KB
SFWJTJwO F JNQVHOBDJwO EF DSJUFSJPT EF FWBMVBDJwO
NFEJBOUF FM
QSPDFEJNJFOUPFTUBCMFDJEPQPSFM.JOJTUFSJPEF&EVDBDJwO5BNCJnO
EFCFSgOQBSUJDJQBSBDUJWBNFOUFFOFMQSPDFTPEFFOTFvBO[BZBQSFO
EJ[BKF Z EF GPSNBS PSHBOJ[BDJPOFT FTUVEJBOUJMFT Z EF UPEP BRVFMMP
SFGFSJEPBMBWJEBFTDPMBSRVFMFBUBvF-BTOJvBT
OJvPTZBEPMFTDFO
UFT EF MBT $PNVOJEBEFT *OErHFOBT Z nUOJDBT UJFOFO EFSFDIP FO TV
SFHJwOBMBFEVDBDJwOJOUFSDVMUVSBMFOTVMFOHVBNBUFSOB
EFBDVFSEP
DPOMB$POTUJUVDJwO1PMrUJDB
DPOFMQSFTFOUF$wEJHPZDPOMBTMFZFT
WJHFOUFT
"SU-BTNBESFT
QBESFTPUVUPSFT
UJFOFOMBPCMJHBDJwOEFJO
DPSQPSBSBTVTIJKBTFIJKPTPBRVJFOFTUFOHBOCBKPTVDVJEBEPFOFM
TJTUFNBFEVDBUJWPZWFMBSQPSTVBTJTUFODJBBMDFOUSPEFFEVDBDJwO
B
OEFRVFTFEFTFOWVFMWBODPOnYJUPFOFMQSPDFTPEFBQSFOEJ[BKF
"SU&TEFCFSEFM&TUBEPHBSBOUJ[BSNPEBMJEBEFTFEVDBUJWBT
RVF QFSNJUBO MB JODPSQPSBDJwO EF OJvBT
OJvPT Z BEPMFTDFOUFT RVF
QPSEJTUJOUBTDJSDVOTUBODJBTFTUgOFYDMVJEPTEFMBFEVDBDJwOQSJNB
SJBPCMJHBUPSJB&M&TUBEPEFCFSgBEPQUBSNFEJEBTQBSBGPNFOUBSMB
BTJTUFODJBSFHVMBSBMBTFTDVFMBTZSFEVDJSMBTUBTBTEFSFQFUJDJwOZ
EFTFSDJwOFTDPMBS
"SU 4F QSPIrCF B MPT NBFTUSPT
BVUPSJEBEFT
GVODJPOBSJPT
FNQMFBEPT P USBCBKBEPSFT EFM 4JTUFNB &EVDBUJWP BQMJDBS DVBMRVJFS
NFEJEB P TBODJwO BCVTJWB B MPT FEVDBOEPT RVF MFT DBVTFO EBvPT
GrTJDPT
NPSBMFTZQTJDPMwHJDPTTFH|OEJDUBNFODBMJDBEPEFFTQF
DJBMJEBEFTPGBDVMUBUJWPTPRVFSFTUSJOKBOMPTEFSFDIPTDPOUFNQMBEPT
FOFMQSFTFOUF$wEJHP-PTSFTQPOTBCMFTFTUBSgOTVKFUPTBMBTTBO
DJPOFTBENJOJTUSBUJWBTPQFOBMFTRVFDPSSFTQPOEBO
"SU&OFMQSPDFTPFEVDBUJWPTFEFCFSgSFTQFUBSMPTWBMPSFT
DVMUVSBMFT
BSUrTUJDPT
SFMJHJPTPTFIJTUwSJDPTQSPQJPTEFMDPOUFYUPTP
DJBMEFMBOJvB
OJvPZBEPMFTDFOUFZQSPNPWFSFMBDDFTPBMBTGVFOUFT
EFDVMUVSBZBMBMJCFSUBEEFDSFBDJwOZUPEPTBRVFMMPTDPOTJHOBEPT
FOMB$POWFODJwOTPCSFMPT%FSFDIPTEFM/JvP
.JHVFMEF$BTUJMMB6SCJOB
"SU&TEFSFDIPEFMBTOJvBT
OJvPTZBEPMFTDFOUFTRVFQFSUF
OF[DBOBMBT$PNVOJEBEFT*OErHFOBT
HSVQPTnUOJDPTZMJOHrTUJDPTP
EFPSJHFOJOErHFOB
SFDJCJSFEVDBDJwOUBNCJnOFOTVQSPQJBMFOHVB
$%$
QQ
-B-FZ(FOFSBMEF&EVDBDJwO
/JDBSBHVBBUSBWFTwUPEPFMTJHMPYYTJO-FZ(FOFSBMEF&EVDBDJwO
&OBHPTUPEF
FM.JOJTUFSJPEF&EVDBDJwOZFMQSJODJQBM4JOEJDBUP
EF.BFTUSPTEFMQBrT
MB$POGFEFSBDJwO(FOFSBMEF5SBCBKBEPSFTEF
MB &EVDBDJwO EF /JDBSBHVB $(5&/"/%&/
QSFTFOUBSPO TVT BOUF
QSPZFDUPTEF-FZ(FOFSBMEF&EVDBDJwOBOUFMB"TBNCMFB/BDJPOBM
%FTQVnTEFOVFWFBvPT
FMEFNBS[PEFM
MBMFZGVFBQSPCBEB
QPS MB "TBNCMFB /BDJPOBM
QFSP FM EF NBZP EFM GVF WFUBEB
QPSMB1SFTJEFODJBEFMB3FQ|CMJDB&MEFBHPTUPEFMFMWFUP
QSFTJEFODJBMGVFSFDIB[BEPQPSMB"TBNCMFB/BDJPOBMZMBMFZBQSP
CBEBFONBS[PGVFDPOWFSUJEBFO-FZEFMB3FQ|CMJDBEF/JDBSBHVB
"TBNCMFB/BDJPOBM
QQ
3FTQFDUPEFMEFSFDIPBMBFEVDBDJwO
FOBMHVOPTBSUrDVMPTEFMB
-FZ(FOFSBMEF&EVDBDJwOBQSPCBEBTFFTUBCMFDF
&OMPTDPOTJEFSBOEPT
*2VFFM&TUBEP/JDBSBHFOTFFONBUFSJBEFFEVDBDJwOIBTVT
DSJUPVOBTFSJFEFDPNQSPNJTPTDPOMBDPNVOJEBEJOUFSOBDJPOBMEF
OBDJPOFTBUSBWnTEFDVNCSFTSFHJPOBMFTZNVOEJBMFTDPOFMPCKFUP
EFQSPQJDJBSFO/JDBSBHVBVOBFEVDBDJwOQBSBUPEPTZQBSBUPEBMB
WJEB +PNUJFN
%BLBS
4BMBNBODB
FOUSFPUSPT
ZRVF
FM"SUrDVMPEFMB$POTUJUVDJwO1PMrUJDBEF/JDBSBHVBFTUBCMFDFMB
WJHFODJB EF MPT EFSFDIPT DPOUFOJEPT FO EJWFSTPT JOTUSVNFOUPT EF
EFSFDIPT IVNBOPT EFM TJTUFNB VOJWFSTBM F JOUFSBNFSJDBOP EF QSP
UFDDJwORVFSFDPOPDFOMBFEVDBDJwODPNPVOEFSFDIPIVNBOP
**2VFMBFEVDBDJwOUJFOFDPNPPCKFUJWPMBGPSNBDJwOQMFOBFJO
UFHSBMEFMBTZMPTOJDBSBHFOTFTEPUBSMFTEFVOBDPODJFODJBDSrUJDB
DJFOUrDBZIVNBOJTUBEFTBSSPMMBSTVQFSTPOBMJEBEZFMTFOUJEPEFTV
EJHOJEBEZDBQBDJUBSMFTQBSBBTVNJSMBTUBSFBTEFJOUFSnTDPN|ORVF
EFNBOEBFMQSPHSFTPEFMBOBDJwO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
***2VFMBFEVDBDJwOFTGBDUPSGVOEBNFOUBMQBSBMBUSBOTGPSNB
DJwOZFMEFTBSSPMMPEFMTFSIVNBOPZMBTPDJFEBE
*7 2VF MB FEVDBDJwO FT VO QSPDFTP |OJDP
EFNPDSgUJDP
DSFB
UJWP Z QBSUJDJQBUJWP RVF WJODVMB MB UFPSrB DPO MB QSgDUJDB
FM USBCBKP
NBOVBMDPOFMJOUFMFDUVBMZQSPNVFWFMBJOWFTUJHBDJwODJFOUrDB4F
GVOEBNFOUBFOOVFTUSPTWBMPSFTOBDJPOBMFTFOFMDPOPDJNJFOUPEF
OVFTUSBIJTUPSJBZSFDVQFSBDJwOEFTVNFNPSJB
EFMBSFBMJEBE
EFMB
DVMUVSBOBDJPOBMZVOJWFSTBMZFOFMEFTBSSPMMPDPOTUBOUFEFMBDJFODJB
ZEFMBUnDOJDBDVMUJWBMPTWBMPSFTQSPQJPTEFMBTOVFWBTHFOFSBDJP
OFT
EF BDVFSEP DPO MPT QSJODJQJPT FTUBCMFDJEPT FO MB $POTUJUVDJwO
1PMrUJDBEF/JDBSBHVB
7 2VF MB FEVDBDJwO FT GVODJwO JOEFDMJOBCMF EFM &TUBEP
$PSSFTQPOEFBFTUFQMBOJDBSMB
EJSJHJSMBZPSHBOJ[BSMB&MTJTUFNBOB
DJPOBMEFFEVDBDJwOGVODJPOBEFNBOFSBJOUFHSBEBZEFBDVFSEPDPO
QMBOFTOBDJPOBMFT&TEFCFSEFM&TUBEPGPSNBSZDBQBDJUBSFOUPEPT
MPTOJWFMFTZFTQFDJBMJEBEFTBMQFSTPOBMUnDOJDPZQSPGFTJPOBMOFDFTB
SJPQBSBFMEFTBSSPMMPZUSBOTGPSNBDJwOEFMQBrT
7* 2VF FM BDDFTP B MB FEVDBDJwO FT MJCSF F JHVBM QBSB UPEBT Z
UPEPTMPTOJDBSBHFOTFT-BFOTFvBO[BQSJNBSJBFTHSBUVJUBZPCMJ
HBUPSJBFOMPTDFOUSPTEFM&TUBEP-BFOTFvBO[BTFDVOEBSJBFTHSB
UVJUB FO MPT DFOUSPT EFM &TUBEP
TJO QFSKVJDJP EF MBT DPOUSJCVDJPOFT
WPMVOUBSJBTRVFQVFEBOIBDFSMPTQBESFTEFGBNJMJB/BEJFQPESgTFS
FYDMVJEPFOOJOHVOBGPSNBEFVODFOUSPFTUBUBMQPSSB[POFTFDPOw
NJDBT-PTQVFCMPTJOErHFOBTZMBTDPNVOJEBEFTnUOJDBTEFMB$PTUB
"UMgOUJDBUJFOFOEFSFDIPFOTVSFHJwOBMBFEVDBDJwOJOUFSDVMUVSBMFO
TVMFOHVBNBUFSOBZBMFTUVEJPEFMFTQBvPMDPNPJEJPNBOBDJPOBM
7** 2VF FT PCMJHBDJwO EFM &TUBEP HBSBOUJ[BS RVF MBT QFSTPOBT
BEVMUBTHPDFOEFPQPSUVOJEBEFTQBSBFEVDBSTFZEFTBSSPMMBSIBCJMJ
EBEFTQPSNFEJPEFQSPHSBNBTEFDBQBDJUBDJwOZGPSNBDJwO
7***2VFFM$wEJHPEFMB/JvF[ZMB"EPMFTDFODJBDPOTBHSBQBSBMB
OJvF[ZMBBEPMFTDFODJBFMEFSFDIPBHP[BSEFMOJWFMNgTBMUPQPTJCMF
EFFEVDBDJwOZDPOTUJUVZFFTUFTFDUPSQPCMBDJPOBMFMQSJNFSEFJOUF
SnTTVQFSJPSEFM&TUBEPFOQSPUFHFSMPZBTFHVSBSDPNPQSJPSJEBEMBT
NFEJEBTQBSBBTFHVSBSTVEFSFDIPIVNBOPBMBFEVDBDJwO
.JHVFMEF$BTUJMMB6SCJOB
&OMPTQSJODJQJPTEFMBFEVDBDJwO
B-BFEVDBDJwOFTVOEFSFDIPIVNBOPGVOEBNFOUBM&M&TUBEP
UJFOF GSFOUF B FTUF EFSFDIP MB GVODJwO Z FM EFCFS JOEFDMJOBCMF EF
QMBOJDBS
OBODJBS
BENJOJTUSBS
EJSJHJS
PSHBOJ[BS
QSPNPWFS
WF
MBS Z MPHSBS FM BDDFTP EF UPEPT MPT OJDBSBHFOTFT FO JHVBMEBE EF
PQPSUVOJEBEFT
C-BFEVDBDJwOFTDSFBEPSBFOFMTFSIVNBOPEFWBMPSFTTPDJBMFT
BNCJFOUBMFT
nUJDPT
DrWJDPT
IVNBOrTUJDPTZDVMUVSBMFT&TUgPSJFOUB
EBBMGPSUBMFDJNJFOUPEFMBJEFOUJEBEOBDJPOBM3FBSNBFMSFTQFUPB
MBTEJWFSTJEBEFTSFMJHJPTBT
QPMrUJDBT
nUOJDBT
DVMUVSBMFT
QTJDPMwHJ
DBT
EFOJvPTZOJvBT
KwWFOFTZBEVMUPTRVFBQVOUBBMEFTBSSPMMPEF
DBQBDJEBEFTEFBVUPDSrUJDBZDSrUJDB
EFQBSUJDJQBDJwOTPDJBMEFTEFFM
FOGPRVFEFVOBOVFWBDJVEBEBOrBGPSNBEBFOFMSFTQFUPBMBEJHOJ
EBEIVNBOB
D -B FEVDBDJwO FT VOB JOWFSTJwO FO MBT QFSTPOBT
GVOEBNFOUBM
QBSBFMEFTBSSPMMPIVNBOP
FDPOwNJDP
DJFOUrDPZUFDOPMwHJDPEFM
QBrTZEFCFFTUBCMFDFSTFVOBOFDFTBSJBSFMBDJwOFOUSFMBFEVDBDJwOZ
FMUSBCBKP-BFEVDBDJwOFTVOGBDUPSJNQSFTDJOEJCMFQBSBMBUSBOTGPS
NBDJwOEFMBTQFSTPOBT
MBGBNJMJBZFMFOUPSOPTPDJBM
&OMPTOFTEFMBFEVDBDJwO
B-BGPSNBDJwOEFMPTFTUVEJBOUFTFOFMSFTQFUPBMBWJEBZBMPT
EFNgTEFSFDIPTIVNBOPT
BMBQB[
BMPTQSJODJQJPTEFNPDSgUJDPT
EFDPOWJWFODJB
QMVSBMJTNP
KVTUJDJBTPDJBM
TPMJEBSJEBEZFRVJEBE
BTr
DPNPFOFMFKFSDJDJPEFMBUPMFSBODJBZEFMBMJCFSUBE
C -B GPSNBDJwO EF MBT QFSTPOBT TJO EJTUJODJPOFT QPS SB[POFT
EFSB[B
DSFEPSFMJHJPTP
QPTJDJwOQPMrUJDB
TFYPPDPOEJDJwOTPDJBM
QBSBGBDJMJUBSMBQBSUJDJQBDJwOEFUPEPTZUPEBTFOMBTEFDJTJPOFTRVF
BGFDUBO MB WJEB FDPOwNJDB
QPMrUJDB
BENJOJTUSBUJWB Z DVMUVSBM EF MB
OBDJwO
D&MFTUVEJPZMBDPNQSFOTJwODSrUJDBEFMBDVMUVSBOBDJPOBMZEFMB
EJWFSTJEBEnUOJDBZDVMUVSBMEFMBOBDJwO
DPNPGVOEBNFOUPEFMBVOJ
EBEOBDJPOBMZTVJEFOUJEBE
MBQSPUFDDJwOBMBTPCFSBOrBOBDJPOBM
MB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
QSgDUJDBEFMBTPMJEBSJEBEZMBJOUFHSBDJwODPOFMNVOEP
FOFTQFDJBM
DPO-BUJOPBNnSJDBZFM$BSJCF
E-BGPSNBDJwOJOUFHSBMEFMPTOJvPT
OJvBTBEPMFTDFOUFT
IPN
CSFTZNVKFSFTEFMB$PTUBEFM$BSJCFFOUPEPTMPTOJWFMFTEFMTJTUFNB
FEVDBUJWP
FMSFTQFUP
SFTDBUFZGPSUBMFDJNJFOUPEFMBTEJWFSTBTJEFO
UJEBEFTnUOJDBT
DVMUVSBMFTZMJOHrTUJDBT
&OMPTPCKFUJWPTEFMBFEVDBDJwO
B%FTBSSPMMBSFOMPTZMBTOJDBSBHFOTFTVOBDPODJFODJB
NPSBM
DSrUJDB
DJFOUrDBZIVNBOJTUBEFTBSSPMMBSTVQFSTPOBMJEBEDPOEJH
OJEBEZQSFQBSBSMBQBSBBTVNJSMBTUBSFBTRVFEFNBOEBFMEFTBSSPMMP
EFMBOBDJwONVMUJnUOJDB
C1SPNPWFSFMWBMPSEFMBKVTUJDJB
EFMDVNQMJNJFOUPEFMBMFZZEF
MBJHVBMEBEEFMPTOJDBSBHFOTFTBOUFFTUB'PNFOUBSMBTQSgDUJDBT
EFNPDSgUJDBTZMBQBSUJDJQBDJwODJVEBEBOBFOMBWJEBEFMQBrT
D"NQMJBSMBJOGSBFTUSVDUVSBZQMB[BTEFNBFTUSPTQBSBHBSBOUJ[BS
FMEFSFDIPFEVDBUJWPFOUPEPFMQBrT
MPTDVBMFTEFCFSgOSFTQPOEFSB
MBTEFNBOEBTTPDJBMFTZBMBTOFDFTJEBEFTMPDBMFTRVFTFDPODSFUBO
FOMBFEVDBDJwO
E'PSNBSDJVEBEBOPTZDJVEBEBOBTQSPEVDUJWPT
DPNQFUFOUFTZ
nUJDPTRVFQSPQJDJFOFMEFTBSSPMMPTPTUFOJCMFFOBSNPOrBDPOFMNF
EJPBNCJFOUFZSFTQFUBOEPMBEJWFSTJEBEDVMUVSBMZnUOJDB
&OMBTEFOJDJPOFTEFMBFEVDBDJwOOJDBSBHFOTF
B-BFEVDBDJwODPNPEFSFDIPIVNBOP-BFEVDBDJwOFTVOEF
SFDIP IVNBOP JOIFSFOUF B UPEBT MBT QFSTPOBT TJO EJTUJODJPOFT EF
FEBE
SB[B
DSFFODJB QPMrUJDB P SFMJHJPTB
DPOEJDJwO TPDJBM
TFYP F
JEJPNB&M&TUBEPHBSBOUJ[BFMFKFSDJDJPEFMEFSFDIPBVOBFEVDBDJwO
JOUFHSBMZEFDBMJEBEQBSBUPEPTZUPEBT-BTPDJFEBEUJFOFMBSFTQPO
TBCJMJEBEEFDPOUSJCVJSBMBFEVDBDJwOZFMEFSFDIPBQBSUJDJQBSFOTV
EFTBSSPMMP
C&RVJEBEEFMB&EVDBDJwO4JFOEPMBFEVDBDJwOVOEFSFDIPGVOEB
NFOUBMJOIFSFOUFBMBDPOEJDJwOIVNBOBMBFRVJEBEQSFUFOEFTVQFSBS
MBTFYDMVTJPOFTZEFTJHVBMEBEFTRVFBGFDUBOBMBTQFSTPOBT OJvPT
.JHVFMEF$BTUJMMB6SCJOB
OJvBT
KwWFOFTZBEVMUPT
BMBIPSBEFUFOFSBDDFTP
QFSNBOFODJBZ
QSPNPDJwOFOFMTJTUFNBFEVDBUJWPHMPCBM
SFMBDJPOBOEPFTUB|MUJNB
DPO MB DBMJEBE Z QFSUJOFODJB EF MPT BQSFOEJ[BKFT Z MB GPSNBDJwO EF
VOBQFSTPOBEFDBMJEBE-BFRVJEBETFQPESrBVCJDBSFOFTUBGSBTF
&EVDBDJwOQBSBUPEPTZnYJUPEFUPEPTFOMBFEVDBDJwO
0USPTgNCJUPTEFQSPNPDJwOEFMEFSFDIP
BMBFEVDBDJwOFO/JDBSBHVB
"MNBSHFOEFMBOPSNBUJWBKVSrEJDB
PUSPTgNCJUPTFOMPTRVFFM
EFSFDIPBMBFEVDBDJwOFO/JDBSBHVBFTPCKFUPEFBUFODJwO
TPOMB
QPMrUJDBFEVDBUJWBPSJFOUBEBQPSFM.JOJTUFSJPEF&EVDBDJwO
$VMUVSB
Z%FQPSUFT .&$%
ZFMNPWJNJFOUPTPDJBMOJDBSBHFOTF
JOUFHSBEP
QPSN|MUJQMFTPSHBOJTNPT
BTPDJBDJPOFT
TJOEJDBUPT
VOJWFSTJEBEFT
FUD
DPOWPDBDJwOFEVDBUJWB
&M1MBO/BDJPOBMEF&EVDBDJwO
1SJODJQJPTEFM1MBO/BDJPOBMEF&EVDBDJwO
1SJODJQJP/-BFEVDBDJwOFTVOEFSFDIPIVNBOPGVOEBNFO
UBM&M&TUBEPUJFOFFMEFCFSJOEFDMJOBCMFEFHBSBOUJ[BSMBJHVBMEBEEF
PQPSUVOJEBEFTEFBDDFTPZQSPNPDJwOQBSBUPEPT
UBMDPNPMPFTUB
CMFDFMB$POTUJUVDJwO
1SJODJQJP / -B FEVDBDJwO FT DSFBEPSB Z GPSKBEPSB EFM TFS
IVNBOP Z EF WBMPSFT TPDJBMFT
BNCJFOUBMFT
nUJDPT
DrWJDPT
IVNB
OrTUJDPTZDVMUVSBMFT
PSJFOUBEBBMGPSUBMFDJNJFOUPEFMBJEFOUJEBEOB
DJPOBM 3FBSNB FM SFTQFUP B MBT EJWFSTJEBEFT SFMJHJPTBT
QPMrUJDBT
nUOJDBT
DVMUVSBMFT
QTJDPMwHJDBTZEFHnOFSP
ZBMPTEFSFDIPTEFMPT
EFNgTQPSMBDPOWJWFODJBQBDrDB&OFTFTFOUJEP
DPOUSJCVJSgBDSFBS
ZGPSUBMFDFSMBJEFOUJEBEDFOUSPBNFSJDBOB
0CKFUJWPTZFTUSBUFHJBTEFM1MBO/BDJPOBMEF&EVDBDJwO
&M1MBO/BDJPOBMEF&EVDBDJwO
FTUgJOUFHSBEPQPSDJO
DPPCKFUJWPTFTUSBUnHJDPT
BTBCFS$PCFSUVSBZ&RVJEBEEFMBFEVDB
DJwO$BMJEBEZ3FMFWBODJBEFMPTBQSFOEJ[BKFT*OOPWBDJwO
$JFODJBZ
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
5FDOPMPHrB$POEJDJPOFTEJHOBTZGPSNBDJwOQFSNBOFOUFEFMFEVDB
EPS(FTUJwO&EVDBUJWB%FTDFOUSBMJ[BEB
"$PCFSUVSBZ&RVJEBEEFMBFEVDBDJwO
0CKFUJWP
%BEP RVF MB FEVDBDJwO FT VO EFSFDIP Z VO O FO Tr NJTNP
FT
OFDFTBSJPNBYJNJ[BSMBTQPTJCJMJEBEFTEFBDDFTPZQFSNBOFODJBFO
FM TJTUFNB FEVDBUJWPQBSBUPEBMBQPCMBDJwO
FOFTQFDJBMMBRVF TF
FODVFOUSBFOFEBEEFFTDPMBSJ[BDJwO
BTFHVSBOEPFMBDDFTPBMBFEV
DBDJwODPONBZPSFRVJEBE
&TUSBUFHJBT
B&YUFOTJwOZNFKPSBNJFOUPEFMBQSPUFDDJwOZFEVDBDJwOJOUFHSB
MFTEFMBQSJNFSBJOGBODJB
FTQFDJBMNFOUFQBSBMPTOJvPTZOJvBTNgT
WVMOFSBCMFTZEFTGBWPSFDJEPT
C &TUBCMFDJNJFOUP EF NFDBOJTNPT EF DPPSEJOBDJwO DPO FM
.JOJTUFSJP EF MB 'BNJMJB QBSB GPSUBMFDFS MB BUFODJwO B OJvPT Z OJvBT
NFOPSFTEFUSFTBvPT
D "DDFTP B VOB FOTFvBO[B QSJNBSJB HSBUVJUB Z PCMJHBUPSJB EF
CVFOB DBMJEBE IBTUB FM TFYUP HSBEP
QBSB UPEPT MPT OJvPT Z OJvBT
QSJPSJ[BOEPBBRVFMMPTRVFTFFODVFOUSBOFOTJUVBDJPOFTEFNBZPS
QPCSF[B
BTrDPNPQBSBMPTRVFQFSUFOFDFOBNJOPSrBTnUOJDBT
E"VNFOUPQBSBFMBvPEFMO|NFSPEFBEVMUPTBMGBCFUJ[BEPT
FOVO
FOQBSUJDVMBSUSBUgOEPTFEFNVKFSFT
ZGBDJMJUBSBUPEPT
MPTBEVMUPTVOBDDFTPFRVJUBUJWPBMBFEVDBDJwOCgTJDBZBMBFEVDB
DJwOQFSNBOFOUF
F4VQSFTJwOEFMBTEJTQBSJEBEFTFOUSFMPTHnOFSPTFOMBFOTFvBO
[BQSJNBSJBZTFDVOEBSJBEFBRVrBMBvPZMPHSBSBOUFTEFMBvP
MBJHVBMEBEFOUSFMPTHnOFSPTFOSFMBDJwODPOMBFEVDBDJwO
FO
QBSUJDVMBSHBSBOUJ[BOEPBMBTOJvBTVOBDDFTPQMFOPZFRVJUBUJWPBVOB
FEVDBDJwOCgTJDBEFCVFOBDBMJEBE
BTrDPNPVOCVFOSFOEJNJFOUP
G*NQMFNFOUBDJwOEFQSPHSBNBTQFSNBOFOUFTEFDPODJFOUJ[BDJwO
FJOWPMVDSBNJFOUPEFMBTGBNJMJBTTPCSFMBOFDFTJEBEZFMEFCFSEF
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
v*NQMFNFOUBDJwOEFMBTBDDJPOFTTVCTJEJBSJBTQBSBGBWPSFDFSB
MPTNgTQPCSFT
EFNBOFSBUBMRVFTFJODSFNFOUFTVQFSNBOFODJBFO
FMTJTUFNBFEVDBUJWP
FTQFDJBMNFOUFBUSBWnTEFMBTUSBOTGFSFODJBT
OFDFTBSJBTBMBTGBNJMJBTQBSBBNJOPSBSFMDPTUPEFPQPSUVOJEBEEF
FTUVEJBSFOMVHBSEFUSBCBKBS%FCFSgQSFTUBSTFFTQFDJBMDVJEBEPQBSB
RVFFTUBTUSBOTGFSFODJBTMMFHVFOBMBTGBNJMJBTRVFNgTMPOFDFTJUFO
ZTFFWJUFBTrMBDBQUVSBEFMBTNJTNBTQPSTFDUPSFTNgTQVEJFOUFTP
QBSBOFTQSPTFMJUJTUBT
#$BMJEBEZ3FMFWBODJBEFMPTBQSFOEJ[BKFT
0CKFUJWP
-PHSBSVOBFEVDBDJwOSFMFWBOUFQBSBMBWJEB
UPNBOEPFODVFOUB
MBTDPOEJDJPOFTEFMQBrTZCVTDBOEPMBTVQFSBDJwOEFMBTNJTNBTQPS
NFEJPEFVOOVFWPTJTUFNBOBDJPOBMEFFEVDBDJwOEJWFSTJDBEB
RVF
QFSNJUBBUPEPTMPTOJWFMFTDFSSBSMBTCSFDIBTFOUSFMBFEVDBDJwOZ
BQMJDBDJPOFTBMUSBCBKP
MBTVQFSBDJwOEFMBQPCSF[BZFMFKFSDJDJPEF
NPDSgUJDPZDPNVOJUBSJP
-BT FTUSBUFHJBT CVTDBO RVF FM FEVDBOEP
JOEFQFOEJFOUFNFOUF
EFMOJWFMBMDBO[BEPBMNPNFOUPEFBCBOEPOBSFMTJTUFNBFEVDBUJWP
TFMMFWFDPOTJHPVOBFEVDBDJwOSFMFWBOUFQBSBEFTFOWPMWFSTFNFKPS
FOMBWJEBZTFSVODJVEBEBOPFOFMTFOUJEPQMFOPEFMBQBMBCSB
&TUPTJHOJDB
OPTwMPVOBFEVDBDJwOQSgDUJDBTJOPUBNCJnOVOB
FEVDBDJwOIVNBOJTUBZVOBGPSNBDJwOnUJDB
&TUSBUFHJBT
B"UFODJwOQSJPSJUBSJBBMBQPCMBDJwOBOBMGBCFUB
JOUFHSBOEPBMB
FEVDBDJwOEFBEVMUPTQSPHSBNBTEFIBCJMJUBDJwOMBCPSBMRVFQFSNJ
UBOBMPTFEVDBOEPTFMFWBSTVTOJWFMFTEFWJEBZTVJOTFSDJwOFOFM
NVOEPMBCPSBMZQSPEVDUJWP
C"UFODJwOQSJPSJUBSJBBMBQPCMBDJwOSVSBMFOFEBEEFFEVDBDJwO
QSJNBSJBBUSBWnTEFFTDVFMBTNPEFMPTEFQSJNBSJBSFHVMBSZPNVMUJ
HSBEPRVFQSPQPSDJPOFOBQSFOEJ[BKFTSFMFWBOUFT
QFSUJOFOUFTZTJH
OJDBUJWPT
PSJFOUBEPTBMNVOEPMBCPSBMZBHSPQSPEVDUJWP1BSBFMMP
TFSFRVJFSFSFGPS[BSMBQSPNPDJwOFYJCMFZFYJCJMJEBEFOFMDBMFO
.JHVFMEF$BTUJMMB6SCJOB
EBSJPFTDPMBS
FMDVBMEFCFFTUBSFODPSSFTQPOEFODJBDPOMPTDJDMPT
QSPEVDUJWPTEFMBSFHJwO
D"UFODJwOBMBTOFDFTJEBEFTEFBQSFOEJ[BKFEFUPEPTMPTKwWFOFT
ZBEVMUPTNFEJBOUFVOBDDFTPFRVJUBUJWPBVOBQSFOEJ[BKFBEFDVBEP
ZBQSPHSBNBTEFQSFQBSBDJwOQBSBMBWJEBBDUJWB
E "QMJDBDJwO EF FTUSBUFHJBT JOUFHSBEBT QBSB MPHSBS MB JHVBMEBE
FOUSF MPT HnOFSPT FO NBUFSJB EF FEVDBDJwO
CBTBEBT FO FM SFDPOP
DJNJFOUP EF MB OFDFTJEBE EF DBNCJBS MBT BDUJUVEFT Z QSgDUJDBT
BTr
DPNPEFGPSUBMFDFSMPTWBMPSFT
F $SFBDJwO EF VO FOUPSOP FEVDBUJWP TFHVSP
TBOP
JOUFHSBEP Z
EPUBEPEFSFDVSTPTEJTUSJCVJEPTEFNPEPFRVJUBUJWP
BOEFGBWPSF
DFSVOFYDFMFOUFBQSFOEJ[BKFZOJWFMFTCJFOEFOJEPTEFSFOEJNJFOUP
QBSBUPEPT
G*NQMFNFOUBDJwOEFVODVSSrDVMVNQFSUJOFOUFRVFJODMVZBDPNP
FKFTUSBOTWFSTBMFTFMFOGPRVFEFHnOFSP
NFEJPBNCJFOUF
EFSFDIPT
IVNBOPT
HPCFSOBCJMJEBE
DVMUVSB EF QB[
DPTUVNCSFT
MFOHVBT
DSFFODJBTZUSBEJDJPOFT
H *NQMFNFOUBDJwO EF OVFWBT NPEBMJEBEFT EF FEVDBDJwO B EJT
UBODJB
MBTRVFFTUBSgOEJSJHJEBTEFGPSNBFTQFDJBMQBSBFMTFDUPSSV
SBMZMB$PTUB"UMgOUJDB
TJONFOPTDBCPEFMTFDUPSVSCBOP
I%FTBSSPMMPEFUVSOPTZGBDJMJEBEFTQBSBRVFMPTKwWFOFTFOFY
USBFEBE
BEVMUPTZBRVFMMPTGVFSBEFMTJTUFNBFEVDBUJWPQVFEBOUFOFS
BDDFTPBGPSNBDJwOEFUJQPQSPGFTJPOBM
DPODVSSFOUFDPOFMUSBCBKP
$$POEJDJPOFTEJHOBTZGPSNBDJwOQFSNBOFOUFEFMFEVDBEPS
0CKFUJWP
.FKPSBSMBTDPOEJDJPOFTEFWJEBEFMNBHJTUFSJPNFEJBOUFFMSFDP
OPDJNJFOUPEFVOTBMBSJPKVTUP
DPOEJDJPOFTwQUJNBTEFUSBCBKPZCF
OFDJPTEFTFHVSJEBETPDJBM
B *ODSFNFOUP EFM TBMBSJP CgTJDP QBSB NBFTUSPT Z NBFTUSBT EF
FEVDBDJwOOPTVQFSJPSFOEPTNPNFOUPTEFMBMBMDBO[BS
QSPHSFTJWBNFOUFFMFRVJWBMFOUFBMDPTUPEFMBDBOBTUBCgTJDBPDJBM
EFMBMBMDBO[BSFMTBMBSJPQSPNFEJPDFOUSPBNFSJDBOP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
&MNPWJNJFOUPTPDJBMEFMTFDUPSFEVDBUJWP
ZMBTMVDIBTQPSFMEFSFDIPBMBFEVDBDJwO
&O/JDBSBHVBTPONVDIPTMPTPSHBOJTNPTZBTPDJBDJPOFTDJWJMFT
EFM TFDUPS FEVDBUJWP RVF IBO BEPQUBEP BM EFSFDIP B MB FEVDBDJwO
DPNPTVMFNBZQSPQwTJUPEFUSBCBKP4FIBODSFBEPN|MUJQMFTQSP
HSBNBTQBSBJODFOUJWBSMBNBUSrDVMBFTDPMBSZMBQFSNBOFODJBFOMB
FTDVFMB&M'PSPEF&EVDBDJwOZ%FTBSSPMMP)VNBOPEFMB*OJDJBUJWB
QPS/JDBSBHVB '&%)*1/
MB1SPDVSBEVSrB&TQFDJBMEFMPT%FSFDIPT
)VNBOPT EF MB /JvF[ Z MB "EPMFTDFODJB EF MB 1SPDVSBEVSrB EF MPT
%FSFDIPT )VNBOPT
MB $PPSEJOBEPSB /JDBSBHFOTF EF 0SHBOJTNPT
OP (VCFSOBNFOUBMFT RVF USBCBKBO DPO MB /JvF[ Z MB "EPMFTDFODJB
$0%&/*
Z MB $POGFEFSBDJwO (FOFSBM EF MPT 5SBCBKBEPSFT EF MB
&EVDBDJwO/JDBSBHFOTF $(5&/"/%&/
EFTEFFMBvPFTDPMBS
IBOFODBCF[BEPDBNQBvBTOBDJPOBMFTFOEFGFOTBEFMBHSBUVJEBEEF
MBFEVDBDJwOQ|CMJDBDPNPDSJUFSJPGVOEBNFOUBMQBSBFMSFBMFKFSDJDJP
EFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&OFMBvP
FM'PSPEF&EVDBDJwOZ%FTBSSPMMP)VNBOPEFMB
*OJDJBUJWBQPS/JDBSBHVBEJPJOJDJPBTV$BNQBvB/BDJPOBM1FSNBOFOUF
QBSB MB 1SPNPDJwO Z %FGFOTB EFM %FSFDIP B MB &EVDBDJwO (SBUVJUB
"VUwOPNBZEF$BMJEBEQBSB5PEPTZ5PEBTEVSBOUFUPEBMBWJEBFO
/JDBSBHVB
&-4*45&."&4$0-"3/*$"3"(f&/4&
%FBDVFSEPDPOFM5rUVMP**EFMB-FZ(FOFSBMEF&EVDBDJwO
MBFT
USVDUVSBEFMTJTUFNBFTDPMBSOJDBSBHFOTFFTMBTJHVJFOUF
"SU-PTTVCTJTUFNBTRVFJOUFHSBOFM4JTUFNB&EVDBUJWPTPO
B4VCTJTUFNBEF&EVDBDJwO#gTJDB
.FEJBZ'PSNBDJwOEPDFOUF
C4VCTJTUFNBEF&EVDBDJwO5nDOJDBZ'PSNBDJwOQSPGFTJPOBM
D4VCTJTUFNBEF&EVDBDJwO4VQFSJPS
E4VCTJTUFNB&EVDBUJWP"VUPOwNJDP3FHJPOBMEFMB$PTUB$BSJCF
/JDBSBHFOTF 4&"3
F4VCTJTUFNBEF&EVDBDJwO&YUSBFTDPMBS
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
"SU"SUJDVMBDJwOEFM4JTUFNB&EVDBUJWP/BDJPOBM
-B BSUJDVMBDJwO Z MB USBZFDUPSJB EF MBT QFSTPOBT BUFOEJEBT FO FM
TJTUFNB TF BTFHVSBO B USBWnT EF MB DFSUJDBDJwO EF DPNQFUFODJBT
EFM SFDPOPDJNJFOUP EF DSnEJUPT BDBEnNJDPT
EF MB DPOWBMJEBDJwO
Z EF PUSPT NFDBOJTNPT EFUFSNJOBEPT QPS FM $POTFKP /BDJPOBM EF
&EVDBDJwO
"SU&UBQBT
/JWFMFT
.PEBMJEBEFT
$JDMPTZ1SPHSBNBT
&M4JTUFNB&EVDBUJWPTFPSHBOJ[BFO
B&UBQBTTPOQFSrPEPTQSPHSFTJWPTFORVFTFEJWJEFFM4JTUFNB
&EVDBUJWPTFFTUSVDUVSBOZEFTBSSPMMBOFOGVODJwOEFMBTOFDFTJEB
EFTEFBQSFOEJ[BKFEFMPTFTUVEJBOUFT
C/JWFMFTTPOQFSrPEPTHSBEVBMFTEFMQSPDFTPFEVDBUJWPBSUJDV
MBEPTEFOUSPEFMBTFUBQBTFEVDBUJWBT
D.PEBMJEBEFTTPOBMUFSOBUJWBTEFBUFODJwOFEVDBUJWBRVFTFPS
HBOJ[BOFOGVODJwOEFMBTDBSBDUFSrTUJDBTFTQFDrDBTEFMBTQFSTPOBT
BRVJFOFTTFEFTUJOBFTUFTFSWJDJP
E$JDMPTTPOQSPDFTPTFEVDBUJWPTRVFTFEFTBSSPMMBOFOGVODJwO
EFMPHSPTEFBQSFOEJ[BKF
F1SPHSBNBTTPODPOKVOUPTEFBDDJPOFTFEVDBUJWBTDVZBOBMJ
EBEFTBUFOEFSMBTEFNBOEBTZSFTQPOEFSBMBTFYQFDUBUJWBTEFMBT
QFSTPOBT
"SU 4VCTJTUFNB EF &EVDBDJwO #gTJDB
.FEJB Z 'PSNBDJwO
%PDFOUF
&TUFTVCTJTUFNBFTBENJOJTUSBEPZEJSJHJEPQPSFM.JOJTUFSJPEF
&EVDBDJwO
$VMUVSBZ%FQPSUFT .&$%
-B &EVDBDJwO #gTJDB DVBOEP MB JNQBSUF FM &TUBEP FT HSBUVJUB Z
PCMJHBUPSJBBQBSUJSEFMUFSDFSOJWFMEFFEVDBDJwOJOJDJBMIBTUBFMTFYUP
HSBEPEFQSJNBSJB4FBNQMJBSgHSBEVBMNFOUFFOMPTOJWFMFTQPTUF
SJPSFT4FPSHBOJ[BFO
B&EVDBDJwO#gTJDB3FHVMBS
C&EVDBDJwO#gTJDB"MUFSOBUJWB
D&EVDBDJwO#gTJDB&TQFDJBM
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-"4$6"530$"3"$5&345*$"426&%&#&/5&/&3
-"4&4$6&-"413*."3*"41"3"("3"/5*;"3&-%&3&$)0
"-"&%6$"$*/&-.0%&-0%&, "5"3*/"50."4&74,*
,BUBSJOB5PNBTFWTLJ
FY3FMBUPSB&TQFDJBMTPCSFFM%FSFDIPBMB
&EVDBDJwOEFMB$PNJTJwOEF%FSFDIPT)VNBOPTEF/BDJPOFT6OJEBT
IBFTUSVDUVSBEPVOFTRVFNBFOFMRVFTFFYQPOFOMBTDVBUSPDBSBD
UFSrTUJDBTRVFEFCFOUFOFSMBTFTDVFMBTQSJNBSJBTQBSBHBSBOUJ[BSFM
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-BOPEJTDSJNJOBDJwOOPEFCFTFSPCKFUPEFVOBBQMJDBDJwOQSPHSFTJWB
TJOPRVFEFCFDPOTFHVJSTFJONFEJBUBZQMFOBNFOUF
&MgNCJUPEFMBBDDFTJCJMJEBEFEVDBUJWBFTVOFTQBDJPNVZDPNQMF
KPRVFOPMPHSBOEFWFMBSMPTEBUPTFTUBErTUJDPTPDJBMFTEFDPCFSUVSB
FEVDBUJWBTFH|OOJWFM
FEBEPTFYP-PTEBUPTEFDPCFSUVSB SFMBDJwO
FOUSFMBQPCMBDJwOFOFEBEFTDPMBSZNBUSrDVMBFOFMOJWFMFEVDBUJWP
DPSSFTQPOEJFOUF
TPOMBFYQSFTJwOEFVOBTJUVBDJwOTPDJBMDPODSFUB
FOMBRVFTFBSUJDVMBMBPGFSUB
FYQSFTBEBFOMBEJTQPOJCJMJEBEEFDFO
USPTFEVDBUJWPTFOFMUFSSJUPSJP
DPOMBEFNBOEBFGFDUJWBZSFBMEFFT
UVEJBOUFTRVFEFTFBONBUSJDVMBSTFFOMPTNJTNPT&OFTUFTFOUJEP
MBDBSBDUFSrTUJDBEFBDDFTJCJMJEBEDPNPDPOTUJUVUJWBEFMEFSFDIPBMB
FEVDBDJwOFTUgSFMBDJPOBEBUBOUPDPOMBTJUVBDJwOTPDJBMEFMBGBNJMJB
EFMQPUFODJBMFTUVEJBOUFDPNPDPOMBQSPNPDJwOZBQPZPEFM&TUBEP
QBSBRVFFTUFMPHSFBDDFEFSBMTFSWJDJPFTDPMBSQ|CMJDPHSBUVJUP
&OFTUFBTQFDUP
EFCFSgOSFWJTBSTFUBOUPMBTUBTBTEFDPCFSUVSB
TFH|OOJWFMFEVDBUJWPDPNPMBTQSPCBCMFTDBVTBTRVFJNQJEFORVF
VOTFDUPSEFMBQPCMBDJwOFOMBFEBEFTDPMBSDPSSFTQPOEJFOUFBDDFEB
BMBPGFSUBFEVDBUJWBQ|CMJDBPQSJWBEBEFTVMPDBMJEBE&O/JDBSBHVB
QPSFKFNQMP
TFIBOEFUFDUBEPDPNVOJEBEFTFOMBTRVFIBZFTDVFMBT
DPONBFTUSPT EJTQPOJCJMJEBE
ZOJvPTFOFEBEFTDPMBS
QFSPFOMBT
RVFVOTFDUPSEFFTPTOJvPTOPBDVEFOBNBUSJDVMBSTFBMBTFTDVFMBT
EFCJEPBMBTJUVBDJwOEFEFTFNQMFPZQPCSF[BEFMBQPCMBDJwO
"DFQUBCJMJEBE
&M&TUBEPFTUgPCMJHBEPBBTFHVSBSTFEFRVFUPEBTMBTFTDVFMBT
TFBKVTUFOBMPTDSJUFSJPTNrOJNPTRVFIBFMBCPSBEPZBDFSDJPSBSTF
EFRVFMBFEVDBDJwOTFBBDFQUBCMFUBOUPQBSBMPTQBESFTDPNPQBSB
MPTOJvPT
-BBDFQUBCJMJEBEJNQMJDBRVFFMDPOUFOJEPEFMBFOTFvBO[BRVFTF
JNQBSUFFOMBTFTDVFMBTTFBBDFQUBCMFQBSBMPTQBESFTZMBTNBESFT
EFGBNJMJBZQBSBMPTQSPQJPTFTUVEJBOUFTEFBDVFSEPDPOTVTFYQFD
UBUJWBT
OFDFTJEBEFT
JOUFSFTFTZDVMUVSB-BTQBUPMPHrBTFEVDBUJWBT
SFMBDJPOBEBTDPOFMEFTQFSEJDJPFTDPMBS BCBOEPOP
CBKPSFOEJNJFO
UP
BVTFOUJTNP
OPTwMPUJFOFOTVPSJHFOFOMBTJUVBDJwOEFQPCSF[B
EFMBTGBNJMJBTEFMPTFTUVEJBOUFTTJOPUBNCJnOFOMBHFTUJwOZFMDV
.JHVFMEF$BTUJMMB6SCJOB
SSrDVMPEFMBQSPQJBFTDVFMB$VBOUPNgTDFSDBOBTFBMBWJEBEFMBFT
DVFMBBMBWJEBZEFNBOEBTEFMPTFTUVEJBOUFT
NgTZNFKPSFTTFSgO
MPTBQSFOEJ[BKFTZNgTBMUBMBDBMJEBEEFMBFEVDBDJwO
"EBQUBCJMJEBE
-PRVFMPTOJvPTEFCFOBQSFOEFSFOMBFTDVFMBZMBNBOFSBDwNP
EFCFSFWJTBSTFFMQSPDFTPEFBQSFOEJ[BKFFTDBVTBEFQSPCMFNBTZ
DBNCJPTJODFTBOUFT-PNgTGSFDVFOUFFTFYBNJOBSFMDPOUFOJEPEFM
QSPDFTPEFBQSFOEJ[BKFEFTEFFMQVOUPEFWJTUBEFMOJvPFOUBOUPRVF
GVUVSP BEVMUP
NJFOUSBT RVF MB $POWFODJwO TPCSF MPT %FSFDIPT EFM
/JvP SFRVJFSF RVF TF BTJHOF JNQPSUBODJB QSJNPSEJBM B MPT NFKPSFT
JOUFSFTFTEFMOJvP&MIFDIPEFRVFFOMB$POWFODJwOTFIBZBOQVFT
UPEFSFMJFWFMPTNFKPSFTJOUFSFTFTEFDBEBOJvPQPOFEFSFMJFWFMB
OFDFTJEBEEFRVFFMTJTUFNBEFFEVDBDJwOTFWVFMWBBEBQUBCMFZMP
TJHBTJFOEP
1BSB5PNBTFWTLJMBTQSFTJPOFTDPOUSBEJDUPSJBTEFMBNVOEJBMJ[B
DJwOZMBMPDBMJ[BDJwOBEWFSUJEBTIBOBVNFOUBEPMBOFDFTJEBEEFMB
BEBQUBCJMJEBE&MQSPCMFNBRVFTFQMBOUFBFOFMEFDFOJPEFFT
IBDFSRVFMBFEVDBDJwOSFTQPOEBBMBSFBMJEBEJONFEJBUBBRVFIBDFO
GSFOUFMPTOJvPTFOTVQSPQJBDPNVOJEBE
BTrDPNPBMBTSFBMJEBEFT
NVOEJBMFTFOSgQJEBFWPMVDJwO
&OFTUFPSEFO
TJMBBDFQUBCJMJEBEEFQFOEFEFMPTDSJUFSJPTZQPTJ
DJwOEFQBESFTZNBESFTEFGBNJMJBZEFMPTQSPQJPTFTUVEJBOUFTSFT
QFDUPEFMPTDPOUFOJEPTEFMBFEVDBDJwO
MBBEBQUBCJMJEBEEFQFOEF
EFRVFMBFTDVFMBZFMDVSSrDVMPTFBOFYJCMFTZFTUnOPSJFOUBEPTBMBT
OFDFTJEBEFTEFMPTCFOFDJBSJPTEFMBBDDJwOFEVDBUJWBFTDPMBS
&OSFTVNFO
FM&TUBEP
DVNQMJFOEPDPOTVEFCFSFTUBCMFDJEPFO
MPTNBSDPTKVSrEJDPTOBDJPOBMFT
BTFHVSBRVFFYJTUBOFTDVFMBTQSJ
NBSJBTBEJTQPTJDJwOEFUPEPTMPTOJvPT %*410/*#*-*%"%
TJNVM
UgOFBNFOUF Z EF NBOFSB DPNQMFNFOUBSJB
FM &TUBEP HBSBOUJ[B FM
BDDFTPBMBTFTDVFMBTQ|CMJDBTEJTQPOJCMFT
TPCSFUPEPEFBDVFSEP
DPOMBTOPSNBTFYJTUFOUFTQPSMBTRVFTFQSPIrCFMBEJTDSJNJOBDJwO
MBQSJODJQBMHBSBOUrBQBSBFMBDDFTPFTMBHSBUVJEBEEFMBFEVDBDJwO
"$$&4*#*-*%"%
6OB WF[ EJTQVFTUBT MBT FTDVFMBT Z BTFHVSBEP FM
BDDFTPBMPTFTUVEJBOUFT
FMQBTPTJHVJFOUFFTRVFMBFOTFvBO[BPGSF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
DJEB TFB BDFQUBCMF FM &TUBEP FTUg PCMJHBEP B DFSDJPSBSTF RVF MB
FEVDBDJwOTFBBDFQUBCMFUBOUPQBSBMPTQBESFTDPNPQBSBMPTOJvPT
"$&15"#*-*%"%
ZRVFUBNCJnOTFBBEBQUBCMFFMIFDIPEFRVF
FO MB $POWFODJwO TPCSF MPT %FSFDIPT EFM /JvP TF IBZBO QVFTUP EF
SFMJFWFMPTNFKPSFTJOUFSFTFTEFDBEBOJvP
QPOFEFSFMJFWFMBOFDF
TJEBEEFRVFFMTJTUFNBEFFEVDBDJwOTFWVFMWBBEBQUBCMFZMPTJHB
TJFOEP "%"15"#*-*%"%
.JHVFMEF$BTUJMMB6SCJOB
$"156-0-"4#"33&3"4"-%&3&$)0"-"
&%6$"$*/&//*$"3"(6"%&-3&$0/0$*.*&/50
'03."-"-3&$0/0$*.*&/50&'&$5*70
4JOFYDMVJSPUSPTPCTUgDVMPTEFDBSgDUFSJOTUJUVDJPOBMZDVMUVSBM
MB
QPCSF[BFTMBQSJODJQBMCBSSFSBQBSBRVFVOBNQMJPTFDUPSEFMBQPCMB
DJwOOJDBSBHFOTFHPDFEFMEFSFDIPBMBFEVDBDJwO$POFMQSPQwTJUP
EFEFNPTUSBSMP
FOFTUBTFDDJwOTFFTUVEJBSgOMPTUFNBTTJHVJFOUFT
B
&WPMVDJwOEFMBTJUVBDJwOEFQPCSF[BQPSMBRVFBUSBWJFTBMBNB
ZPSrBEFMBQPCMBDJwOOJDBSBHFOTFC
3FMBDJwOFOUSFQPCSF[BZFEV
DBDJwOFO/JDBSBHVBD
1FSDFQDJwOEFVOBNVFTUSBEFNJFNCSPTEF
$POTFKPT%JSFDUJWPT&TDPMBSFTEFNVOJDJQJPTEF/JDBSBHVBTPCSF
FMEFSFDIPBMBFEVDBDJwOE
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
TPCSFMBCBTFEFMPTDSJUFSJPTEFEJTQPOJCJMJEBE
BDDFTJCJMJEBE
BDFQ
UBCJMJEBEZBEBQUBCJMJEBE
&70-6$*/%&-"4*56"$*/%&10#3&;"103-"
26&"53"7*&4"-".":03"%&-"10#-"$*//*$"3"(f&/4&
&OMB&TUSBUFHJB3FGPS[BEBEF$SFDJNJFOUP&DPOwNJDPZ3FEVDDJwO
EF MB 1PCSF[B &3$&31
QVCMJDBEP FO FM BvP
FM (PCJFSOP EF
MB3FQ|CMJDBEF/JDBSBHVBSFDPOPDFRVF/JDBSBHVBFTVOPEFMPT
QBrTFT NgTQPCSFTEF"NnSJDB-BUJOBTV 1SPEVDUP /BDJPOBM #SVUP
QFSDgQJUBFTTwMPVOUFSDJPEFMQSPNFEJPSFHJPOBM%FUSFJOUBZUSFT
QBrTFT MBUJOPBNFSJDBOPT
/JDBSBHVB FT FM NgT QPCSF EFTQVnT EF
)BJUr1PSFTPOPFTEFTPSQSFOEFSTFRVF
DPOCBTFFOFMrOEJDFEF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
C-BQPCSF[BOJDBSBHFOTFFO
&O
PDIPBvPTEFTQVnT
FM*/&$SFBMJ[wPUSBFODVFTUBDPODB
SBDUFSrTUJDBTTJNJMBSFTBMBSFBMJ[BEBFO&OFTBPQPSUVOJEBE
TF
MMBNw&ODVFTUB/BDJPOBMQBSBMB.FEJDJwOEFM/JWFMEF7JEB &./7
"MBQMJDBSTFBMPTSFTVMUBEPTEFMBNJTNBFM.nUPEPEF/FDFTJEBEFT
#gTJDBT*OTBUJTGFDIBT /#*
TFPCUVWPDPNPSFTVMUBEPRVFFMOJWFM
EFQPCSF[B
FOPDIPBvPT
IBCrBBVNFOUBEPFOVO
-BEJTUSJCV
DJwOFTMBTJHVJFOUF
&M
EF MPT IPHBSFT FSBO QPCSFT
FT EFDJS
UFOrBO VOB
/FDFTJEBE#gTJDB*OTBUJTGFDIB
&M
EFMPTIPHBSFTFSBOQPCSFTFYUSFNPT
FTEFDJS
UFOrBO
EPTPNgT/FDFTJEBEFT#gTJDBT*OTBUJTGFDIBT
&M
EFMPTIPHBSFTFSBOOPQPCSFT
FTEFDJS
UFOrBOUPEBT
MBT/FDFTJEBEFT#gTJDBT4BUJTGFDIBT
4JTFDPNQBSBOMPTEBUPTEFMB&ODVFTUBEF
DPOMPTEFMB
&ODVFTUBEF
FTQPTJCMFPCTFSWBSRVFMPTEBUPTTFIBCrBONP
WJEPBTr
-PTOPQPCSFTRVFFOFSBOFM
FOFSBOFM
IBCJnOEPTFSFEVDJEPFONgTEFVO
-PTQPCSFTFYUSFNPT
RVFFSBOFM
FO
FOZBFSBO
FM
FTEFDJSFM
NgT
-PTQPCSFTFOFSBOFM
ZFOFSBOFM
FTEFDJS
IBCrBOBVNFOUBEPFO
"MDPNQBSBSMBTEJGFSFODJBTFOUSFMPT*OEJDBEPSFTEF/FDFTJEBEFT
#gTJDBTEFMB&4%&/*$ZMPTEFMB&./7
TFPCUJFOFOMPTSFTVM
UBEPTTJHVJFOUFT
Tabla 1
N
Indicadores
ESDENIC-85
EMNV-93
Diferencia (%)
1.
2.
3.
4.
Hacinamiento
Servicios Insuficientes
Baja Educacin
Dependencia Econmica
34,4
27,3
18,8
48,1
53,6
33,5
27,3
54,5
19,2
6,2
8,5
6,4
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
D-BQPCSF[BOJDBSBHFOTFFO
&OFM*/&$SFBMJ[wTVUFSDFSB&ODVFTUBQBSBMB.FEJDJwOEFM
/JWFM EF 7JEB EF MB 1PCMBDJwO &./7
"M BQMJDBSTF B TVT SFTVM
UBEPTFM.nUPEPEFMBT/FDFTJEBEFT#gTJDBT*OTBUJTGFDIBT /#*
TF
PCUVWJFSPOMPTSFTVMUBEPTTJHVJFOUFT
Tabla 2
N
Niveles de pobreza
Porcentaje
No pobres
Pobres
Pobres Extremos
27,4
27,9
44,7
100
1.
2.
3.
Total
"M DPNQBSBSTF FTUPT SFTVMUBEPT EF DPO MPT SFTVMUBEPT EF
TFPCUJFOFOMBTEJGFSFODJBTTJHVJFOUFT
Tabla 3
N
Niveles de pobres
EMNV-93
EMNV-98
Diferencia (%)
1.
2.
3.
No Pobres
Pobres
Pobres Extremos
25,2
31,2
43,6
27,4
27,9
44,7
2,2
3,3
1,1
$PNPQVFEFPCTFSWBSTF
FODJODPBvPTEFMQBTBEPEFDFOJPBV
NFOUBSPOMPTOPQPCSFTFOVO
QPSDJFOUP
EJTNJOVZFSPOMPTQP
CSFTFOVO
QPSDJFOUP
QFSPBVNFOUBSPOMPTQPCSFTFYUSFNPTFO
QPSDJFOUP&OUSFZIBCrBOEFTDFOEJEPMPTQPCSFT FO
QPSDJFOUPQFSPIBCrBOBVNFOUBEPMPTQPCSFTFYUSFNPT
FTEFDJS
BRVFMMPTDPOEPTPNgT/FDFTJEBEFT#gTJDBT*OTBUJTGFDIBT
&OTrOUFTJTMBQPCSF[BOJDBSBHFOTFNFEJEBBUSBWnTEFFODVFT
UBTFTQFDJBMJ[BEBT DPOUJOVwTJFOEPFMFWBEB
VCJDBOEPB/JDBSBHVB
DPNPVOPEFMPTQBrTFTNgTQPCSFTEF"NnSJDB-BUJOBZFM$BSJCF
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
GBNJMJBTUJFOFONFOPTBDDFTPBMBJOGPSNBDJwOTPCSFQMBOJDBDJwO
GBNJMJBSZFOGSFOUBONBZPSFTSJFTHPTSFQSPEVDUJWPT
D#BKPMPHSPFEVDBUJWP
CBKBDBMJEBEEFMPTTFSWJDJPTFEVDBUJWPT
ZQPDPBDDFTPBMPTNJTNPT
FTQFDJBMNFOUFFOFMTFDUPSSVSBM5BM
DPNPTFFTQFSBCB
FYJTUFVOBGVFSUFDPSSFMBDJwOFOUSFMBQPCSF[BZ
FM CBKP MPHSP FEVDBUJWP &OUSF Z
MB UBTB HMPCBM EF BOBM
GBCFUJTNP DBZw EFM BM QPS DJFOUP
NJFOUSBT RVF FO MBT gSFBT
SVSBMFTFMBOBMGBCFUJTNPEJTNJOVZwEFMBMQPSDJFOUP"QFTBS
EFFTUBUFOEFODJBQPTJUJWB
DBTJFMQPSDJFOUPEFMPTFYUSFNBEB
NFOUF QPCSFT TJHVFO TJFOEP BOBMGBCFUPT $FSDB EF MB NJUBE EF MPT
IJKPTFOFEBEFTDPMBSEFMPTFYUSFNBEBNFOUFQPCSFTOPBTJTUFOBMB
FTDVFMB
FODPNQBSBDJwODPOTwMPFMQPSDJFOUPEFTVTIPNwMPHPT
OP QPCSFT -B HFOUF QPCSF Z FYUSFNBEBNFOUF QPCSF UJFOF BQFOBT
Z
BvPTEFFEVDBDJwO
SFTQFDUJWBNFOUF
MBNJUBEEFMQSPNFEJP
OBDJPOBMZNVZQPSEFCBKPEFMVNCSBMEFDVBUSPBvPTRVFTFOFDFTJUB
QBSBBERVJSJSEFTUSF[BTDPHOPTDJUJWBTCgTJDBT.gTEFMBNJUBEEF
MPTOJvPTRVFBCBOEPOBOMBFTDVFMBMPIBDFOQPSSB[POFTFDPOwNJ
DBT-BFDBDJBEFMBFEVDBDJwOQ|CMJDBCgTJDB
FTQFDJBMNFOUFQBSB
MPTQPCSFT
FTBGFDUBEBBEWFSTBNFOUFQPSNBFTUSPTDBQBDJUBEPTJO
TVDJFOUFNFOUF
NBMBTDPOEJDJPOFTGrTJDBTFONgTEFMBNJUBEEFMBT
BVMBT EF QSJNBSJB Z VOB FTDBTF[ DSwOJDB EF NBUFSJBMFT EJEgDUJDPT
&TUPFYQMJDB
FOQBSUF
MBTBMUBTUBTBTEFSFQFUJDJwOZEFTFSDJwO
FT
QFDJBMNFOUFFOMBTgSFBTSVSBMFT
EPOEFFTPTQSPCMFNBTTPOEFMP
NgTBHVEPT
E#BKBDBMJEBEZBDDFTPEJGrDJMBMPTTFSWJDJPTEFTBMVE&OQSP
NFEJP
MPTFYUSFNBEBNFOUFQPCSFTEFCFOWJBKBSUSFTWFDFTMBEJTUBO
DJBZEFEJDBSUSFTWFDFTNgTEFUJFNQPQBSBMMFHBSBMBTJOTUBMBDJPOFT
EFTBMVERVFMPTIPHBSFTOPQPCSFT-PTOJvPTFYUSFNBEBNFOUFQP
CSFTTFFOGFSNBODPOVOBGSFDVFODJBQPSDJFOUPNBZPSRVFMPTOJ
vPTOPQPCSFTZ
DVBOEPFTUgOFOGFSNPT
UJFOFOMBNJUBEEFMBDDFTP
BMPTEPDUPSFTRVFMPTOPQPCSFT"EFNgT
VOUFSDJPEFMBTNVKFSFT
FYUSFNBEBNFOUFQPCSFTOPSFDJCFOJOHVOBBUFODJwOQSFOBUBMZMBNJ
UBEEFFMMBTEBOBMV[BTVTCFCnTTJOMBWFOUBKBEFMBTJOTUBMBDJPOFT
JOTUJUVDJPOBMFT5BNCJnO
TwMPUJFOFOMBNJUBEEFMBQSPCBCJMJEBEEF
MBTNVKFSFTOPQPCSFTEFTFSBUFOEJEBTQPSEPDUPSFTDVBOEPEBOB
MV[
.JHVFMEF$BTUJMMB6SCJOB
F%FTOVUSJDJwO)BZVOOFYPFOUSFQPCSF[BZEFTOVUSJDJwO.gT
EFMQPSDJFOUPEFMPTOJvPTQPCSFTZDBTJFMQPSDJFOUPEFMPT
OJvPTQPCSFTFYUSFNPTFTUgOEFTOVUSJEPT
FODPNQBSBDJwODPOFM
QPS DJFOUP QBSB MPT OJvPT RVF OP TPO QPCSFT -PT OJvPT QPCSFT EF
NFOPTEFBvPTTPOFTQFDJBMNFOUFBGFDUBEPTQPSMBEFTOVUSJDJwO
DSwOJDB MPRVFUSBFDPNPSFTVMUBEPEJWFSTPTHSBEPTEFCBKPDSFDJ
NJFOUP
FOUSFMPTOJvPTFYUSFNBEBNFOUFQPCSFT
FTUPBGFDUBBM
QPSDJFOUP
G 7JPMFODJB GBNJMJBS F JOTFHVSJEBE FO MB DBMMF Z FO FM DBNQP
/JDBSBHVB QSFTFOUB VO FMFWBEP QFSM EF WJPMFODJB EPNnTUJDB
4FH|OMB&ODVFTUB%FNPHSgDBZEF4BMVE &/%&4"
FMQPS
DJFOUPEFMBTNVKFSFTJOGPSNBIBCFSTVGSJEPBMH|OUJQPEFBCVTPGr
TJDPPTFYVBMEFnTUBT
FMQPSDJFOUPBSNBIBCFSTJEPWrDUJNBEF
MBWJPMFODJBFOQSFTFODJBEFTVTIJKPTZFMQPSDJFOUPEVSBOUFFM
FNCBSB[P
H%FTJHVBMEBEEFHnOFSP-BTOJvBTEF/JDBSBHVBUJFOFOJHVBM
BDDFTPBMBFEVDBDJwOEFIFDIPFOMBTFTDVFMBTQSJNBSJBTMBTOJvBT
TVQFSBOFOO|NFSPBMPTOJvPT/PPCTUBOUF
UJFOFONFOPTPQPSUV
OJEBEFTEFFNQMFPRVFMPTWBSPOFTZTVGSFOEFPUSPTUJQPTEFEJTDSJ
NJOBDJwO&OHFOFSBM
FMJOHSFTPEFMBNVKFSFTQPSDJFOUPNFOPS
RVFFMEFMPTWBSPOFT
BVORVFFTUBCSFDIBTFSFEVDFFOFMDBTPEFMBT
NVKFSFTNFKPSFEVDBEBT
I(SVQPnUOJDPT-PTHSVQPTJOErHFOBTEF/JDBSBHVB QFK
NJT
LJUPT
TVNPT
SBNBT
DSJPMMPTZPUSPT
RVFIBCJUBOQSJODJQBMNFOUFMB
$PTUB "UMgOUJDB
TF FODVFOUSBO FOUSF MBT QPCMBDJPOFT NgT QPCSFT
&TUPTHSVQPTTVFMFORVFEBSFYDMVJEPTEFMPTCFOFDJPTTPDJBMFTRVF
EJTGSVUBOPUSPTZEFMPTQSPDFTPTQPMrUJDPTZFDPOwNJDPTRVFBGFDUBO
BMQBrT&MHBSBOUJ[BSRVFMBQPCSF[BEFFTUPTHSVQPTEFMBQPCMBDJwO
TFNJUJHVF
BMNJTNPUJFNQPRVFTFDPOTFSWBOTVDVMUVSBZTVTUSB
EJDJPOFT BODFTUSBMFT
QSFTFOUB VO EFTBGrP FTQFDJBM 4&5&$
QQB
&M GBDUPS EFTFNQMFP FT VO DPOUSJCVZFOUF GVOEBNFOUBM EF MB TJ
UVBDJwOEFQPCSF[B%JGFSFOUFTFTUVEJPTEFNVFTUSBORVFVOPEFMPT
PSrHFOFTEFMBQPCSF[BOJDBSBHFOTFFTMBGBMUBEFFNQMFPFTUBCMF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
-BFWPMVDJwOEFMBTUBTBTEFEFTFNQMFPFOUSFZGVFMB
TJHVJFOUF
Tabla 4
Evolucin del desempleo en Nicaragua 1990-1999
Variables*
1990
1994 1995
1996 1997
1998
1999
Pobl. total
3.737.5 3.853.9 3.974.0 4.097.8 4.225.5 4.357.1 4.492.2 4.631.4 4.775.0 4.936.6
PEA general 1.189.9 1.237.5 1.287.0 1.338.5 1.392.1 1.447.8 1.507.2 1.567.5 1.630.2 1.728.9
Desempleados 527.1 645.9 647.3 682.6 746.2 770.2 770.2 785.3 730.3 880.0
Tasas de desemp. 44.3
52.2
50.3
50.1
53.6
53.2
51.1
51.9
52.1
50.9
* Poblacin total, PEA general y desempleados se expresan en miles de personas. Tasas de desempleo estn
expresadas en porcentaje (Vargas, 2001).
Fuentes: Banco Central de Nicaragua, Indicadores Econmicos, julio de 1999, p.32; Banco Central de
Nicaragua, Indicadores Econmicos, diciembre de 1999.
&OMB&TUSBUFHJB3FGPS[BEBEF$SFDJNJFOUP&DPOwNJDPZ3FEVDDJwO
EF MB 1PCSF[B &3$&1
EF MB 4FDSFUBSrB 5nDOJDB 4&5&$
EF MB
1SFTJEFODJB EF MB 3FQ|CMJDB TF QSFTFOUBO MBT DPODMVTJPOFT EF VO
SFWFMBEPS FTUVEJP SFBMJ[BEP FO FM BvP QPS FM #BODP .VOEJBM
TPCSF MB QFSDFQDJwO RVF MPT QPCSFT UJFOFO EF Tr NJTNPT 1BSB MPT
QPCSFT
TFSQPCSFTTJHOJDBDBSFDFSEFBDDFTPBMPTCFOFDJPTTP
DJBMFTRVFEJTGSVUBOMPTRVFOPTPOQPCSFT5BNCJnOTJHOJDBGBMUB
EFQPEFSFDPOwNJDPZQPMrUJDPQBSBJOVJSFOMPTQSPDFTPTEFUPNB
EFEFDJTJPOFTRVFBGFDUBOTVTWJEBT-PTQPCSFTDPOTJEFSBORVFMBT
EPUBDJPOFT NBUFSJBMFT
OBODJFSBT
FEVDBUJWBT Z OBUVSBMFT TPO MPT
QSJODJQBMFTEFUFSNJOBOUFTEFMCJFOFTUBS&OUPEBTMBTFOUSFWJTUBT
TF
JEFOUJDw RVF MPT QSJODJQBMFT GBDUPSFT RVF DPOUSJCVZFO B VOB NBMB
DBMJEBEEFWJEBJODMVZFOBMJNFOUPJOBEFDVBEP
WJWJFOEBQPCSF
CBKP
JOHSFTP
MJNJUBDJPOFTFOMBUFOFODJBEFUJFSSBT
QPDBTPQPSUVOJEBEFT
EFFNQMFPZGBMUBEFBDDFTPBMPTTJTUFNBTGPSNBMFTEFOBODJBNJFO
UP&OHFOFSBM
MPTQPCSFTOPDPOGrBOFOMBTJOTUJUVDJPOFTQ|CMJDBT
MBT DVBMFT TVFMFO DPOTJEFSBSTF JODBQBDFT EF GVODJPOBS B GBWPS EF
FMMPT6OBEFMBTQFSDFQDJPOFTQSFEPNJOBOUFTFTVOTFOUJEPEFEFT
FTQFSBDJwOZSFTJHOBDJwO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-PTQPCSFTDSFFORVFMBQPCSF[BFTVODrSDVMPWJDJPTP
EFMDVBMOP
QVFEFOFTDBQBS
QPSRVFFTIFSFEBEBZTFQFSQFU|BBUSBWnTEFMBT
HFOFSBDJPOFT-PTQPCSFTPQJOBORVFTVDBQJUBMIVNBOPMJNJUBEPBV
NFOUBTVTWVMOFSBCJMJEBEFTBMPTJNQBDUPTZBMBTDSJTJTFDPOwNJDBT
4FQFSDBUBOCJFOEFRVFIBZVOBHSBOEJTQBSJEBEFOUSFFMBDDFTPRVF
FMMPTUJFOFOZFMBDDFTPEFMPTRVFOPTPOQPCSFTBMPTTFSWJDJPTEF
TBMVE
UBMFTDPNPMBBUFODJwONnEJDBQSFWFOUJWB
ZRVFUBMFTEJGFSFO
DJBTBGFDUBOMBJODJEFODJBFMFWBEBEFNPSUBMJEBEFOUSFMPTIPHBSFT
QPCSFT-PTQPCSFTUBNCJnOTBCFORVFVOCBKPMPHSPFEVDBUJWPBV
NFOUBMBTQSPCBCJMJEBEFTEFTFSQPCSFZDSFFORVFFYJTUFEFTJHVBM
EBE FO FM BDDFTP B MB FEVDBDJwO "VORVF FTUgO DPOTDJFOUFT EF MPT
DPTUPTBTPDJBEPTDPOFOWJBSBTVTIJKPTBUSBCBKBS
MPIBDFOQBSBDV
CSJSTVTOFDFTJEBEFTNgTFMFNFOUBMFT 4&5&$
Q
-"3&-"$*/&/53&10#3&;":&%6$"$*/&//*$"3"(6"
&O MB &ODVFTUB EF .FEJDJwO EFM /JWFM EF 7JEB &./7
SFBMJ[BEB
FO
BOUFTNFODJPOBEB
FM*/&$JODMVZwVODPOKVOUPEFQSFHVO
UBTSFMBDJPOBEBTDPOMBFEVDBDJwODVZPTUFNBTGVFSPOBMGBCFUJTNP
BOBMGBCFUJTNP OJWFM FEVDBUJWP BMDBO[BEP BDDFTP B MPT TFSWJDJPT
FEVDBUJWPTZHBTUPGBNJMJBSFOFEVDBDJwO
DSV[BEBTDPOMBTWBSJBCMFT
TFYP
FEBE
gSFBZSFHJwOEFSFTJEFODJB
-BT DPODMVTJPOFT EF VO FTUVEJP %F $BTUJMMB
SFBMJ[BEP FO
SFGFSJEBTBDBEBVOBEFFTUPTUFNBTGVFSPOMBTTJHVJFOUFT
(SBEPEFBMGBCFUJTNPBOBMGBCFUJTNPEFMBQPCMBDJwOOJDBSBHFO
TFQPCSFFO
%FMBTQFSTPOBTRVFSFTQPOEJFSPOBMBTQSFHVOUBTSFMBDJP
OBEBTDPOFMUFNBBMGBCFUJTNPBOBMGBCFUJTNP
FM
SFTQPOEFOTFSBMGBCFUJ[BEPTZ FM
EFDMBSwOPTBCFS
MFFSZFTDSJCJS
-BT EJGFSFODJBT FO SFMBDJwO DPO FM TFYP EF RVJFOFT SFTQPOEFO
TFS BMGBCFUJ[BEPT Z RVJFOFT SFTQPOEFO TFS BOBMGBCFUPT OP TPO
TJHOJDBUJWBT
.JHVFMEF$BTUJMMB6SCJOB
-BUBTBNgTBMUBEFBOBMGBCFUJTNPEFMPTUSFTFTUSBUPTEFQPCMB
DJwOFOFTUVEJPFTFMEFMPTOJvPTZOJvBTJOEJHFOUFTPFOFYUSFNB
QPCSF[BDVZBTFEBEFTWBOEFMPTBMPTBvPT
&MBMGBCFUJTNPFTVOGFOwNFOPVSCBOPZFMBOBMGBCFUJTNPFTVO
GFOwNFOPSVSBM-BTSFHJPOFTEFNBZPSHSBEPEFBMGBCFUJ[BDJwO
TPOMBTSFHJPOFTDPONBZPSOJWFMEFVSCBOJ[BDJwOEFMQBrTDPNP
MPTPO.BOBHVBZMPTEFQBSUBNFOUPTEFM1BDrDPOJDBSBHFOTF
QPSFMDPOUSBSJP
MBTSFHJPOFTDPONgTBMUPO|NFSPEFBOBMGBCF
UPTTPOMBTRVFUJFOFONBZPSFTOJWFMFTEFSVSBMJEBE
DPNP#PBDP
Z $IPOUBMFT
.BUBHBMQB Z +JOPUFHB Z MB 3""/
3""4 Z 3rP 4BO
+VBO
/JWFMFEVDBUJWPBMDBO[BEPQPSMBQPCMBDJwOOJDBSBHFOTFQPCSF
FO
/PTFFODPOUSBSPOEJGFSFODJBTTVTUBOUJWBTFOUSFIPNCSFTZNV
KFSFT DPO SFTQFDUP B MPT OJWFMFT FEVDBUJWPT BMDBO[BEPT QPS MPT
DPOTVMUBEPTEFMPTEPTFTUSBUPTEFQPCSF[BZMPTEFMFTUSBUPEF
MPTOPQPCSFT
&MOJWFMQSJNBSJPFTFMOJWFMEFMPTQPCSFT"NFEJEBRVFBWBO[BO
MPT OJWFMFT EF QPCSF[B
TF JODSFNFOUB FM QPSDFOUBKF EF BEPMFT
DFOUFT
KwWFOFTZBEVMUPTDPOFTUFOJWFMFEVDBUJWP
&ODVBOUPBMBSFMBDJwOOJWFMEFFEVDBDJwO
QPCSF[BZgSFBEFSF
TJEFODJB
MBNBZPSrBEFMPTSFTQPOEJFOUFTEFDBEBFTUSBUPEFQP
CSF[BZDBEBOJWFMFEVDBUJWPSFTJEFOFOFMgSFBVSCBOB
.BOBHVBFTMBSFHJwODPONgTBMUPTQPSDFOUBKFTEFSFTQPOEJFO
UFTFOUPEPTMPTFTUSBUPTEFQPCSF[BFOFTUVEJPZUPEPTMPTOJWF
MFTFEVDBUJWPTBMDBO[BEPT&OTrOUFTJTFMOJWFMFEVDBUJWPEFMPT
QPCSFTIPNCSFTZNVKFSFT
FTFMOJWFMQSJNBSJP&TUPTSFTJEFOFO
MBTgSFBTVSCBOBTEF.BOBHVBZMB3FHJwOJOUFHSBEBQPS.BTBZB
(SBOBEB
$BSB[PZ3JWBT
-PT OJWFMFT TFDVOEBSJP Z VOJWFSTJUBSJP TFH|O FTUSBUP EF QPCSF
[B
BWBO[BOEFTEFMPTOPQPCSFTIBTUBMPTQPCSFTFOFTUBEPEF
JOEJHFODJB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
"DDFTPEFMBQPCMBDJwOOJDBSBHFOTFQPCSFBMPTTFSWJDJPTFEVDB
UJWPTFO"DFSDBEFFTUBUFNgUJDBRVFUSBUBEJSFDUBNFOUFEFVOP
EFMPTDSJUFSJPTCgTJDPTEFMEFSFDIPBMBFEVDBDJwO
TFDPODMVZFRVF
4FH|OMB&./7FMBDDFTPEFMBQPCMBDJwOQPCSF
FOFYUSFNB
QPCSF[BZOPQPCSFBMPTTFSWJDJPTFEVDBUJWPTFO/JDBSBHVBTP
MBNFOUF GVF QPTJCMF QBSB FM
EF MB QPCMBDJwO
RVFEBOEP
FYDMVJEPTEFTVTCFOFDJPTZDBQBDJEBESFQSPEVDUJWBZNVMUJQMJ
DBEPSBFM
EFMBQPCMBDJwONBZPSEFBvPTEFFEBE
/PFYJTUFOEJGFSFODJBTTJHOJDBUJWBTDPOSFTQFDUPBMTFYPOJFOMB
QPCMBDJwORVFBDDFEJwBMPTTFSWJDJPTFEVDBUJWPTOJFOMBQPCMB
DJwOEFRVJFOFTOPMPIJDJFSPO
-BTEJGFSFODJBTZMBTEFTQSPQPSDJPOFTTFEBOQSJODJQBMNFOUFFO
MBTWBSJBCMFTFEBE
gSFBZSFHJwOEFSFTJEFODJB&OBQSFUBEBTrO
UFTJTTPOMBTTJHVJFOUFTMPTOJvPTFOUSFZBvPTTPOMPTRVF
FOMPTUSFTFTUSBUPTEFQPCMBDJwOFOFTUVEJPBDDFEFOFONBZPS
O|NFSPBMPTTFSWJDJPTFEVDBUJWPTFMgSFBZSFHJwOFORVFFTUgO
VCJDBEBTMBTFTDVFMBTBRVFBTJTUFOMPTNJTNPTFTFMgSFBVSCBOB
EFMBSFHJwOZNVOJDJQJPEF.BOBHVB
&OTJUVBDJwOEJGFSFOUF
TFTJU|BOMPTBEPMFTDFOUFTZKwWFOFTEFM
gSFBSVSBMEFSFHJPOFTZEFQBSUBNFOUPTDPNPMB3""/
3""4Z
3rP4BO+VBO#PBDPZ$IPOUBMFTZ.BUBHBMQBZ+JOPUFHB
2VJ[gFMSFTVMUBEPNgTTJHOJDBUJWPEFMBOgMJTJT
BDFSDBEFMBDDF
TPBMPTTFSWJDJPTFEVDBUJWPTTFH|OFTUSBUPEFQPCSF[BTFBFTF
RVFSFTQPOEJwOPBTJTUJSBOJOH|ODFOUSPFEVDBUJWP
4JUPNBNPTFODVFOUBRVFMBUBTBEFBOBMGBCFUJTNPFOTF
H|OMB&./7FSBEFM
FMIFDIPEFRVFFOFMNJTNPBvP
EF DBEB JOEJWJEVPT DPOTVMUBEPT FM
IBZB SFTQPOEJEP
RVFOPBTJTUrBBMBFTDVFMB
FTVOEBUPRVFFYQMJDBFMCBKPOJWFM
FEVDBUJWPEFMBQPCMBDJwOFOMPTBvPTTJHVJFOUFTEFMPTOPWFOUB
ZFOMBBDUVBMJEBE
(BTUPGBNJMJBSFOFEVDBDJwOEFMBQPCMBDJwOOJDBSBHFOTFQPCSF
FO-BWBSJBCJMJEBETPCSFFMHBTUPGBNJMJBSFOFEVDBDJwOBMJHVBM
RVFMBWBSJBCMFBOUFTDPOTJEFSBEB
UJFOFRVFWFSDPOMBDBSBDUFSrTUJDB
.JHVFMEF$BTUJMMB6SCJOB
1&3$&1$*/%&6/".6&453"%&.*&.#304%&
$0/4&+04%*3&$5*704&4$0-"3&4%&.6/*$*1*04
%&/*$"3"(6"40#3&&-%&3&$)0"-"&%6$"$*/
&O FM BvP TF SFBMJ[w VO FTUVEJP %F $BTUJMMB
BDFS
DBEFMBQFSDFQDJwOEFVOBNVFTUSBEFNJFNCSPTEF$POTFKPT
%JSFDUJWPT&TDPMBSFTEFNVOJDJQJPTEFMQBrTTPCSFFMEFSFDIPBMB
FEVDBDJwOFO/JDBSBHVB
4F TFMFDDJPOw B NJFNCSPT EF MPT $POTFKPT %JSFDUJWPT QBESFT Z
NBESFTEFGBNJMJB
NBFTUSPTZFTUVEJBOUFT
EFCJEPBRVFEJTQPOrBO
EF NgT JOGPSNBDJwO TPCSF FM GVODJPOBNJFOUP EFM TJTUFNB FTDPMBS Z
MPTDFOUSPTFEVDBUJWPTZQPErBOPGSFDFSSFTQVFTUBTEFNFKPSDBMJEBE
TPCSFFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-PT$POTFKPT%JSFDUJWPT&TDPMBSFT
DSFBEPTQPSMFZFOFMBvP
TPOMBFYQSFTJwOPSHBOJ[BUJWBNFKPSBDBCBEBEFMQSPDFTPOFPMJCFSBM
EFEFTDPODFOUSBDJwOOBODJFSBEFMBFEVDBDJwOZPEFMQSPDFTPEF
USBTMBEP EF MB SFTQPOTBCJMJEBE OBODJFSB EFM &TUBEP B MPT QBESFT
ZNBESFTEFGBNJMJB&TUFQSPDFTP
BEJGFSFODJBEFPUSPTQBrTFT
TF
GVOEw
EFTBSSPMMwZDSFDJwTJOOJOHVOBMFZRVFMFTJSWJFSBEFSFTQBM
EP&O
FM.JOJTUFSJPEF&EVDBDJwOJOUSPEVKPBOUFMB"TBNCMFB
/BDJPOBM TV "OUFQSPZFDUP EF -FZ (FOFSBM EF &EVDBDJwO #gTJDB Z
.FEJB&TUFBOUFQSPZFDUP
EFBDVFSEPDPOTVDPOUFOJEP
CVTDBCBMF
HBMJ[BSFMQSPDFTPEFBVUPOPNrBFTDPMBS
RVFIBTUBFOUPODFTIBCrB
GVODJPOBEPTJOOJOHVOBCBTFMFHBM&MBOUFQSPZFDUP
QPSEJGFSFOUFT
NPUJWPT
OVODBGVFEJTDVUJEPOJBQSPCBEP3FDJnOFONBZPEFMBvP
FMOVFWP.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ%FQPSUFTQSFTFOUw
BOUFMB"TBNCMFB/BDJPOBMTV"OUFQSPZFDUPEF-FZEF1BSUJDJQBDJwO
&EVDBUJWB
&M EF GFCSFSP EFM GVF BQSPCBEB MB -FZ
-FZ EF
1BSUJDJQBDJwO&EVDBUJWB
QVCMJDBEBFO-B(BDFUBOEFMEFNBS
[PEFZFMEFNBZPEFTFBQSPCwFM%FDSFUP
3FHMBNFOUPEFMB-FZEF1BSUJDJQBDJwO&EVDBUJWB
FMDVBMTFQVCMJDw
FO-B(BDFUBOEFMEFNBZPEF
-B-FZEF1BSUJDJQBDJwO&EVDBUJWBFTUgJOUFHSBEBQPSPDIPDBQr
UVMPTZWFJOUJDVBUSPBSUrDVMPT
MPTDVBMFTUSBUBOTPCSFMBJOUFHSBDJwO
GVODJPOFTZPCMJHBDJPOFTEFMPT$POTFKPT%JSFDUJWPT&TDPMBSFTZEF
MPT$POTFKPT&EVDBUJWPT.VOJDJQBMFT
4PCSF MPT $POTFKPT %JSFDUJWPT &TDPMBSFT MB MFZ FO TV BSUrDVMP
EJDFMPTJHVJFOUF
"SU $SnBTF FM $POTFKP %JSFDUJWP &TDPMBS RVF FO BEFMBOUF TF
EFOPNJOBSgFM$POTFKP
FOUPEPTMPTDFOUSPTFEVDBUJWPTEFM&TUBEP
DPO FM O EF PSHBOJ[BS Z GBDJMJUBS MB QBSUJDJQBDJwO EF MB DPNVOJEBE
FOMBGVODJwOFEVDBUJWB&M$POTFKPFTMBJOTUBODJBDPOGPSNBEBQPS
SFQSFTFOUBOUFTEFQBESFTEFGBNJMJB
EPDFOUFTZFTUVEJBOUFTWJODV
MBEPT BM DFOUSP FEVDBUJWP
RVJFOFT EFCFSgO TFS FMFDUPT EFNPDSgUJ
DBNFOUF
QBSBMBHFTUJwOBDBEnNJDBBENJOJTUSBUJWBZOBODJFSBEFM
DFOUSPFTDPMBS
EFCJFOEPTFSMBSFQSFTFOUBDJwOEFMPTQSJNFSPTQSP
.JHVFMEF$BTUJMMB6SCJOB
QPSDJPOBMNFOUFNBZPSRVFMBEFMPTPUSPT&MPCKFUJWPQSJNPSEJBMEFM
$POTFKP FT BTFHVSBS MB QBSUJDJQBDJwO EF MB DPNVOJEBE
FO FTQFDJBM
EFMPTQBESFTEFGBNJMJBDPNPQSJNFSPTSFTQPOTBCMFTEFMBFEVDB
DJwOEFTVTIJKPTFOMBUPNBEFEFDJTJPOFTSFGFSJEBTBMBTGVODJPOFT
ZBDUJWJEBEFTBDBEnNJDBT
BMBBENJOJTUSBDJwOZHFTUJwOEFMDFOUSP
$PNPNgYJNBBVUPSJEBEEFMDFOUSPEFFTUVEJPT
FM$POTFKPQMBOJDB
TVQFSWJTB
PSHBOJ[B
HFTUJPOBZDPOUSPMBMPTSFDVSTPTEFMNJTNP
FO
GVODJwOEFFMFWBSMBDBMJEBEFEVDBUJWB
-PTNJFNCSPTEFMPT$POTFKPT%JSFDUJWPT&TDPMBSFTDPOTVMUB
EPTQFSUFOFDrBOBDFOUSPTFTDPMBSFTEFPDIPEFQBSUBNFOUPT EF
RVFUJFOFFMQBrT
ZNVOJDJQJPT-BEJTUSJCVDJwOEFSFTQPOEJFO
UFTEFMPTNJFNCSPTEFMPT$POTFKPTGVFBTrQBESFTZNBESFTEF
GBNJMJB
NBFTUSPTZFTUVEJBOUFT-BTQSFHVOUBTRVFHVJBSPO
MBDPOTVMUBGVFSPOMBTTJHVJFOUFTB
&TMBFEVDBDJwOVOEFSFDIPIV
NBOP C
$wNPTFFYQSFTBFMFKFSDJDJPEFMEFSFDIPBMBFEVDBDJwO
FOMPTDFOUSPTEFFTUVEJPTBRVFQFSUFOFDFOMPTSFTQPOEJFOUFT
D
2VnFTVOBFEVDBDJwOEFDBMJEBE E
2VnJOTUJUVDJPOFTQSPNVF
WFOFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
B
-BQSJNFSBQSFHVOUBRVFTFQSFTFOUwBMPTFOUSFWJTUBEPTGVF
MB TJHVJFOUF -BT /BDJPOFT 6OJEBT FO TV %FDMBSBDJwO 6OJWFSTBM TP
CSF%FSFDIPT)VNBOPTZMB$POTUJUVDJwO1PMrUJDBEFMB3FQ|CMJDBEF
/JDBSBHVBFTUBCMFDFORVFMBFEVDBDJwOFTVOEFSFDIP6TUFEFTUg
EFBDVFSEPFORVFMBFEVDBDJwOFTVOEFSFDIPIVNBOPGVOEBNFO
UBM %FMPTFOUSFWJTUBEPT
FM
SFTQPOEJwFTUBSEFBDVFSEP
ZTwMPFM
SFTQPOEJwRVFOP%FMPTRVFSFTQPOEJFSPO
FM
TPOQBESFTZNBESFTEFGBNJMJB
"MPTDPOTVMUBEPTRVFSFTQPOEJFSPOBSNBUJWBNFOUF
TFMFTQSF
HVOUwQPSRVnDSFrBORVFMBFEVDBDJwOFTVOEFSFDIPIVNBOP&M
BSHVNFOUwRVFMBFEVDBDJwOQFSNJUFDPOTFHVJSUSBCBKPPRVFMB
FEVDBDJwODPOUSJCVZFBNFKPSBSMBGBNJMJB6OBSHVNFOUwRVF
MB FEVDBDJwO BZVEB B TBMJS EF MB QPCSF[B &YJTUFO UBNCJnO PUSBT
FYQMJDBDJPOFTBTr
FMEFSFTQPOEJFOUFTPQJOwRVFMBFEVDBDJwO
QFSNJUFTFSBMHVJFOFOMBWJEBZRVFMBFEVDBDJwOFTVOEFSFDIP
DPOTUJUVDJPOBM WnBTF(SgDP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
Grfico 1
Tipos de explicaciones sobre la conviccin de que la educacin es un derecho
humano fundamental, con sus respectivos porcentajes respondientes
La educacin es un
derecho constitucional
23
23
La educacin saca de la
pobreza
62
La educacin mejora la
familia
74
La educacin permite
conseguir trabajo
74
0
10
20
30
40
50
60
70
80
C
"DPOUJOVBDJwOTFDPOTVMUwBMPTFOUSFWJTUBEPTTPCSFMBNBOF
SBFORVFTFQSBDUJDBCBFMEFSFDIPBMBFEVDBDJwOFOMPT$FOUSPTEF
&TUVEJPTBRVFQFSUFOFDrBO-BTPQDJPOFTGVFSPOMBTTJHVJFOUFTHSB
UVJEBE BCTPMVUB
BNQMJBDJwOEFMBNBUSrDVMB
DSFBDJwO EF OVFWBT
QMB[BTEFNBFTUSPT
FOUSFHBEFMJCSPTZ|UJMFTHSBUVJUPT
FOUSFHB
EFMFDIFZBMNVFS[PTFTDPMBSFTHSBUVJUPT 3FTQFDUPEFMBHSBUVJEBE
EFMBFEVDBDJwO
FM
SFTQPOEJwRVFFYJTUFHSBUVJEBE
FM
BSNwRVFOPFYJTUFHSBUVJEBE
ZOPDPOUFTUwFM&OMBTEFNgTPQ
DJPOFTMPTQPSDFOUBKFTGVFSPOMPTTJHVJFOUFTBNQMJBDJwOEFMBNBUSr
DVMBTrFYJTUFFM
OPFYJTUFFMZOPDPOUFTUBFM
DSFBDJwO EF OVFWBT QMB[BT B NBFTUSPT Tr FYJTUF FM
OP
FYJTUFFM
ZOPDPOUFTUwFM
FOUSFHBEFMJCSPTZ|UJMFT
FTDPMBSFTHSBUVJUPTTrFYJTUFFM
OPFYJTUFFM
ZOP
DPOUFTUwFMFOUSFHBEFMFDIFZBMNVFS[PTFTDPMBSFTHSBUVJUPT
TrFYJTUFFM
OPFYJTUFFM
ZOPDPOUFTUwFM
&TTJHOJDBUJWPFMIFDIPEFRVFNgTEFMBNJUBEEFMPTFOUSFWJTUB
EPTOPSFTQPOEJwBOJOHVOBEFMBTPQDJPOFTRVFTFQSFTFOUBSPO%F
FTUPT
FMFSBOQBESFTZNBESFTEFGBNJMJB&TUPQPESrBEFCFSTF
BRVFMPTSFTQPOEJFOUFTEFTDPOPDFOMBFYJTUFODJBEFFTPTBUSJCVUPT
EFMEFSFDIPBMBFEVDBDJwOFOTVT$FOUSPT&EVDBUJWPT
PCJFOBRVF
FOSFBMJEBEOPFYJTUFO
PBRVF
QPSTFSFMUFNBEFMEFSFDIPBMBFEV
.JHVFMEF$BTUJMMB6SCJOB
DBDJwOVOUFNBFYUSBvPBTVVOJWFSTPDVMUVSBMZBTVWPDBCVMBSJP
OP
FOUFOEJFSPOMBQSFHVOUB WnBTF(SgDP
Grfico 2
Opciones sobre si en el centro de estudios se promueve
y defiende el derecho a la educacin
120
100
80
no contestan
no existe
60
si existe
40
20
Existe gratuidad
absoluta
Existe ampliacin
de la matrcula
Existe creacin de
nuevas plazas a
maestros
otras ( cutoas
voluntaria)
hechos
D
&MEFSFDIPBMBFEVDBDJwOOPFTTPMBNFOUFFMEFSFDIPBMBDDFTP
BMBFTDVFMBTJOPRVFJODMVZFFMEFSFDIPBVOBFEVDBDJwOEFDBMJEBE
4PCSFFTUFUFNBTFJOUFSSPHwBMPTFOUSFWJTUBEPT
MPTRVF
TFH|OPQ
DJPOFT
SFTQPOEJFSPO
6OBFEVDBDJwOEFDBMJEBEFTBRVFMMBRVFTJSWFQBSBFOTFvBSIBCJ
MJEBEFTZDPOPDJNJFOUPT
-BFEVDBDJwOFTQBSBNFKPSBSFMDBSgDUFS
UFOFSVOBQFSTPOBMJEBE
TFSBMHVJFOFOMBWJEB
-BFEVDBDJwOFTQBSBUSBOTGPSNBSTFBTrNJTNPZUSBOTGPSNBSMB
TPDJFEBE
-BFEVDBDJwOFTQBSBPCUFOFSWBMPSFTZIBCJMJEBEFTTPDJBMFTDPNP
FMSFTQFUP
MBDPSUFTrBZMBTPMJEBSJEBE
-BFEVDBDJwOFTQBSBIBDFSTVQSPQJBFNQSFTBZSFBMJ[BSTFFOVOB
QSPGFTJwO
-B FEVDBDJwO FT QBSB PUSBT SB[POFT DPNP FTUVEJBS Z MPHSBS
EJTDJQMJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&OTVTSFTQVFTUBT
MPTFOUSFWJTUBEPTUPNBSPODPNPSFGFSFODJBMB
QSPQJBFYQFSJFODJBFOFMQSPDFTPFEVDBUJWPZQFEBHwHJDPRVFPDVSSF
FOTVDFOUSPZFOTVWJEBNJTNB"EFNgT
PCTFSWBNPTRVFNgTEF
MBNJUBEQFSDJCFORVFVOBFEVDBDJwOEFDBMJEBETFSFMBDJPOBDPOMB
PCUFODJwOEFDPOPDJNJFOUPTZIBCJMJEBEFT$PNPDPOUSBQBSUJEB
NF
OPTEFMBNJUBETFSFFSFBMBTPUSBTEJNFOTJPOFTRVFGPSNBOQBSUF
EFMBOVFWBNJTJwOZWJTJwOEFMBFEVDBDJwO/PIBZVOJGPSNJEBE
OJ
VOBOJNJEBE FO MBT SFTQVFTUBT FO MBT RVF TF QPOF EF SFMJFWF QPDP
DPOPDJNJFOUPZQSgDUJDBEFMPTEJGFSFOUFTBQSFOEJ[BKFTRVFJNQMJDB
VOBFEVDBDJwOQBSBMBWJEB WnBTF(SgDP
Grfico 3
Percepciones sobre que es una educacin de calidad
la educacin es para otras razones como estudiar y lograr disciplina.
10
20
30
40
50
60
E
4FHVJEBNFOUFTFDPOTVMUwTPCSFFMDPOPDJNJFOUPEFMPTFOUSF
WJTUBEPTSFTQFDUPEFMBTJOTUJUVDJPOFTRVFQSPNVFWFOFMEFSFDIPBMB
FEVDBDJwOFO/JDBSBHVB&MEFMPTDPOTVMUBEPTNBOJFTUBRVFFM
HPCJFSOP .&$%
MFTJHVFODPOVO
MBTGBNJMJBT NBESFT
ZQBESFT
MVFHPDPOFM
TFNFODJPOBBMPTPSHBOJTNPTEFMB
TPDJFEBE DJWJM 5BNCJnO TF JOEJDB DPO VO
B MBT PSHBOJ[B
DJPOFTNBHJTUFSJBMFT
DPOFM
BMBTJHMFTJBT&OPUSPT
MPT
PSHBOJTNPTOBODJFSPT
TFNFODJPOBOFOVO
ZMBFNQSFTB
QSJWBEBFOTwMPVO
/PPCTUBOUF
VOEJDFRVFFTQPSRVF
QSPNVFWFOMBHSBUVJEBEEFMBFEVDBDJwO
VO
QPSRVFBQP
ZBOBMBTFTDVFMBTEPUgOEPMBTEFSFDVSTPT
FRVJQPTZNBUFSJBMFTZ
VOQPSRVFEFFOEFOFMEFSFDIPBMBFEVDBDJwOBUSBWnTEFMPT
NFEJPTEFDPNVOJDBDJwO
.JHVFMEF$BTUJMMB6SCJOB
"QFTBSEFRVFFYJTUFVOBBQSFDJBDJwONBZPSJUBSJB DBTJQBSUFT
EFMPTFOUSFWJTUBEPT
EFRVFFMHPCJFSOPQSPNVFWFFMEFSFDIPBMB
FEVDBDJwOFO/JDBSBHVB
NFOPTEFMBNJUBEFYQSFTBRVFFTQPSRVF
TFQSPNVFWFMBHSBUVJEBE
QPSRVFTFEPUBEFSFDVSTPTBMBTFTDVF
MBTPQPSRVFTFEFFOEFFTFEFSFDIPBOUFMPTNFEJPTEFDPNVOJDB
DJwO
NPTUSBOEPVOBDPOUSBEJDDJwOFOUSFMPTEPTUJQPTEFSFTQVFTUBT
WnBOTF(SgDPTZ
Grfico 4
Instituciones que promueven el derecho a la educacin
67
70
60
48
50
44
40
30
22
20
11
11
7
10
0
gobierno
familias
ONGs
Sindicatos de
maestros
iglesias
organismos
financieros
empresa
privada
Grfico 5
Argumentos que explican la promocin del derecho a la educacion
60
50
40
30
20
49
48
28
10
0
defienden el derecho a la
educacin a travs de los
medios de comunicacin
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&-%&3&$)0"-"&%6$"$*/&//*$"3"(6"
%&"$6&3%0$0/-04$3*5&3*04%&%*410/*#*-*%"%
"$$&4*#*-*%"%
"$&15"#*-*%"%:"%"15"#*-*%"%
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
TPCSFMBCBTFEFMDSJUFSJPEFEJTQPOJCJMJEBE
&MDSJUFSJPEJTQPOJCJMJEBETFSFFSFBMBDBQBDJEBEEFM&TUBEPQBSB
DVNQMJSDPOMPQSFWJTUPFOMBTMFZFTEFMQBrTBOEFTBUJTGBDFSFMEF
SFDIP B MB FEVDBDJwO EF UPEPT Z UPEBT MPT Z MBT OJDBSBHFOTFT &O
FTQFDJBM
FTUP TF SFFSF BM QSFTVQVFTUP RVF BOVBMNFOUF FM &TUBEP
EFTUJOBBMBFEVDBDJwOQ|CMJDB
MPRVFJNQMJDBMBTJOTUBMBDJPOFTGrTJ
DBTQBSBFMGVODJPOBNJFOUPEFMPTDFOUSPTFEVDBUJWPT
MPTNBFTUSPT
RVFBUJFOEFOBMBEFNBOEBFTUVEJBOUJMZMPTNBUFSJBMFTZFRVJQPTOF
DFTBSJPTQBSBMPTQSPDFTPTEFFOTFvBO[BBQSFOEJ[BKF
&MQSFTVQVFTUPQBSBMB&EVDBDJwOOPTVQFSJPSFO/JDBSBHVB
&MQSFTVQVFTUPFTFMDPNQPOFOUFGVOEBNFOUBMQBSBRVFMPTHP
CJFSOPTQVFEBOPGSFDFSTFSWJDJPTEFFEVDBDJwOZGBDJMJUBSFMFKFSDJDJP
EFMEFSFDIPBMBFEVDBDJwOFODVBMRVJFSQBrT
/JDBSBHVB
BMJHVBMRVFPUSPTQBrTFTEFMBSFHJwODFOUSPBNFSJDB
OB
EFTUJOBBMSFEFEPSEFVOUFSDJPEFMHBTUPQ|CMJDPBMPTTFSWJDJPT
TPDJBMFTRVFUJFOFORVFWFSEJSFDUBNFOUFDPOMBQSPNPDJwOEFMEFTB
SSPMMPIVNBOP
FTUPFTTBMVE
FEVDBDJwO
WJWJFOEB
TFHVSJEBETPDJBM
SFEVDDJwOEFMBQPCSF[B/PPCTUBOUF
TJTFDPNQBSBMBQSPQPSDJwO
EFM HBTUP DPO SFTQFDUP BM 1SPEVDUP *OUFSOP #SVUP EF PUSPT QBrTFT
FTUBFTNFOPSFO/JDBSBHVB
FOUBOUPFTNFOPSMBQSPEVDDJwOEFCJF
OFTZTFSWJDJPTBOVBMFTEFMQBrT
6OPEFMPTFKFTEFMPTQSPHSBNBTEFBKVTUFFTUSVDUVSBMPSJFOUBEPT
QPSFM'POEP.POFUBSJP*OUFSOBDJPOBMIBTJEPMBSFEVDDJwOEFMEnDJU
TDBMNFEJBOUFMBSFEVDDJwOEFMHBTUPQ|CMJDP&TUPIBBGFDUBEPEJ
SFDUBNFOUFBMPTQSFTVQVFTUPTEFTBMVEZFEVDBDJwO
ZBRVFTJCJFO
FTDJFSUPRVFIBOHP[BEPEFJODSFNFOUPTBOVBMFT
FTUPTOPIBOTJEP
TVDJFOUFTQBSBFOGSFOUBSUBOUPMBEFVEBTPDJBMBDVNVMBEBBUSBWnT
EF UBOUPT BvPT QBSB MB NBZPSrB EF MB QPCMBDJwO OJDBSBHFOTF FN
.JHVFMEF$BTUJMMB6SCJOB
QPCSFDJEB
DPNPFMDSFDJNJFOUPEFNPHSgDPEFFTUFNJTNPTFDUPS
DPOTJEFSBEPVOPEFMPTNgTBMUPTEF"NnSJDB-BUJOB
&TUFIFDIPIBQSPWPDBEPRVFMPTTFSWJDJPTFEVDBUJWPTZEFTBMVE
RVFEVSBOUFFMEFDFOJPEFMPTBvPTPDIFOUBFSBOUPUBMNFOUFHSBUVJ
UPT
QPDPBQPDP
IBZBOUFOJEPRVFTFSBTVNJEPTQPSMBQPCMBDJwO
FNQPCSFDJEB
QSPWPDBOEPNgTQPCSF[BZNJTFSJBFOMBNJTNB&TUF
FTFMDBTP
QPSFKFNQMP
EFMBFEVDBDJwOQ|CMJDBQSFFTDPMBS
QSJNBSJB
ZTFDVOEBSJBNFEJBOUFMBJNQMBOUBDJwOEFMNPEFMPEFEFTDPODFOUSB
DJwOOBODJFSBEFMQSFTVQVFTUPFEVDBUJWPDPOPDJEPDPNPBVUPOP
NrBFTDPMBS
TFIBOJEPUSBTMBEBOEPBMPTQBESFTZNBESFTEFGBNJMJB
EJGFSFOUFTSFTQPOTBCJMJEBEFTOBODJFSBT
RVFFOFMQBTBEPFSBOBTV
NJEBTQPSFMHPCJFSOPEFMBSFQ|CMJDB1PSDBEBDVPUBWPMVOUBSJB
NFOTVBM P QPS DBEB BQPSUF EF EJOFSP RVF VOB GBNJMJB EFCJw QBHBS
BMBTFTDVFMBTFORVFFTUVEJBOTVTIJKPTQBSBFMTPCSFTVFMEPEFMPT
NBFTUSPT
DPNQSBSNBUFSJBMFTEFBQPZPBMBBDUJWJEBEFTDPMBSPIB
DFSSFQBSBDJPOFTFOMBJOGSBFTUSVDUVSBGrTJDBEFMDFOUSPEFFTUVEJP
TF
EFKwEFDPNQSBSVOMJUSPEFMFDIF
VOQMBUPEFBMJNFOUPT
VOBDBNJTB
PVONFEJDBNFOUPFOFMFNQPCSFDJEPIPHBS
%VSBOUFMBEnDBEBEFMPTOPWFOUBEFMTJHMPQBTBEP
MPTHBTUPTTP
DJBMFTEFMHPCJFSOP
DPNPQBSUJDJQBDJwOEFM1*#
BVNFOUBSPOEFTEF
BQSPYJNBEBNFOUFFMQPSDJFOUPBJOJDJPTEFMEFDFOJP
BDBTJFM
QPSDJFOUPFO
MPRVFTJHOJDwFOUnSNJOPTEFM1*#QFSDgQJUB
QBTBSEFEwMBSFTBQSJODJQJPTEFMPTOPWFOUBIBTUBDBTJEwMBSFT
BMOBM 4&5&$
Q
"QBSFOUFNFOUF
FTUF JODSFNFOUP EFM 1*# QFS DgQJUB FO
HBTUPTTPDJBMFTBJOJDJPTEFMPTOPWFOUB
QFSNJUJSrBTVQPOFS
RVFFTVOBNVFTUSBEFBWBODFIBDJBNFKPSFTEFTUJOPTFOMB
FTGFSB EFM EFTBSSPMMP IVNBOP 4JO FNCBSHP
FM SF[BHP IJT
UwSJDP Z MB EFVEB TPDJBM TPO NVZ HSBOEFT
TJ TF DPNQBSBO
FTUBTDJGSBTDPOFMHBTUPFOQBrTFTWFDJOPTDPNP$PTUB3JDB
Z1BOBNg
%FBDVFSEPDPOEBUPTEFMB$&1"-
DJUBEPTQPS"EPMGP"DFWFEP
FM (BTUP 1|CMJDP 4PDJBM QFS DgQJUB EF /JDBSBHVB FO
EwMBSFTQFSDgQJUBFOEwMBSFTEFM
GVFDFSDBOPBMBNJUBEEFM
(BTUP4PDJBMQFSDgQJUBEF)POEVSBT EwMBSFTQFSDgQJUBFOEw
MBSFTEFM
ZMBNJUBEEFMEF#PMJWJB EwMBSFTQFSDgQJUBFO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
EwMBSFTEFM
ZNVZMFKBOPEFMEF$PTUB3JDB EwMBSFTQFS
DgQJUBFOEwMBSFTEFM
"DFWFEP
-BFWPMVDJwOEFMHBTUPTPDJBMFOUSFZ
FOFTQFDJBMQBSB
MPTTVCTFDUPSFTEFTBMVEZFEVDBDJwO
GVFDPNPTJHVF
Tabla 5
Nicaragua: evolucin del gasto social 1995-2001
Sector / Ao
1995
1996
1997
1998
1999
2000
2001
10,3
5,0
3,8
1,6
15,7
6,6
5,4
3,6
14,1
6,3
5,1
2,8
16,2
7,7
5,4
3,1
33,6
16,2
12,4
5,0
40,4
17,2
14,1
9,1
39,2
17,5
14
7,7
40,4
19
13
8,4
213
103
78
32
347
147
121
79
341
152
122
67
433
207
144
83
2263
1091
831
340
4090
1734
1422
933
4297
1917
1536
842
5765
2750
1909
1105
1PSTVQBSUFMBFWPMVDJwOEFMQPSDFOUBKFPGSFDJEPBMBFEVDBDJwO
CgTJDBZTVSFMBDJwODPOFM1SPEVDUP*OUFSOP#SVUP
GVFMBTJHVJFOUF
FOUSFZ
.JHVFMEF$BTUJMMB6SCJOB
Tabla 6
Nicaragua: evolucin del presupuesto para la educacin y su relacin con el PIB
Ao
Presupuesto
Inversin per-cpita
% educacin / PIB
1990
1994
1996
1997
1998
1999*
597,2
145,65
4,4
577,7
128,37
4,1
624,0
138,66
4,2
434,6
94,47
2,8
493,5
105,00
3,0
550,2
112,28
3,1
* En crdobas de 1995.
Fuente: Ministerio de Hacienda y Crdito Pblico y Banco Central de Nicaragua.
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.POFUBSJP*OUFSOBDJPOBM
RVFDPODMVZwDPOMBSFGPSNBEFMBSUrDVMP
FMRVFEFTEFFMEFBHPTUPEFMTFMFFBTr
"SU&M(PCJFSOPEFMB3FQ|CMJDBJODSFNFOUBSgBOVBMNFOUFFM
QSFTVQVFTUPEFMBFEVDBDJwOOPTVQFSJPS
DPOTJEFSBOEPMBDBMJEBE
MB
FRVJEBEZFMDSFDJNJFOUPEFMBDPCFSUVSBFTDPMBS
DPOTUSVDDJwO
NBO
UFOJNJFOUP EF JOGSBFTUSVDUVSB
BTr DPNP FM BVNFOUP TBMBSJBM EF MPT
FEVDBEPSFT
&MDSFDJNJFOUPQPSDFOUVBMBOVBMEFMQSFTVQVFTUPFEVDBUJWPTFSg
TPCSF MB CBTFEFMQSFTVQVFTUP EFMBvP BOUFSJPS
UPNBOEP FO DVFO
UBFMJODSFNFOUPEFMPTQSFDJPTFOCJFOFTZTFSWJDJPT
MBQSPZFDDJwO
EFMDSFDJNJFOUPFEVDBUJWP
ZBEFNgTDPOTJEFSBOEPMBTMJNJUBDJPOFT
QSFTVQVFTUBSJBT
$PO SFTQFDUP B FTUB TJUVBDJwO
RVF FYQMrDJUB MPT OJWFMFT EF EF
QFOEFODJB FDPOwNJDB EF /JDBSBHVB BOUF MPT EJDUBEPT EFM 'POEP
.POFUBSJP*OUFSOBDJPOBM
FMFDPOPNJTUB"EPMGP"DFWFEP7PHM
SFDJFO
UFNFOUFFYQSFTwRVFMBBQSPCBDJwOEFM"SUEFMB-(&UBMDPNP
FTUBCBFOMB-FZTBODJPOBEBFMEFNBS[PEFM
IVCJFTFQFS
NJUJEPFMFWBSEJDIP1SFTVQVFTUP
QPSQSJNFSBWF[FOOVFTUSBIJTUP
SJB
BM
EFM1*#FOFM
OJWFMTJNJMBSBMRVFBMDBO[w#PMJWJBFO
&MHBTUPQ|CMJDPUPUBMFOFEVDBDJwOIVCJFTFBMDBO[BEPFM
EFM1*#FOFM&M"SUrDVMP
EFTQVnTEFMBSFGPSNBOFHPDJBEB
TFSg QMFOBNFOUF DPNQBUJCMF DPO MB DPOEJDJPOBMJEBE EFM '.* )BZ
RVFQSFHVOUBSTFMPRVFTJHOJDBFTUBDPNQBUJCJMJEBE&O/JDBSBHVB
FO MBT 1SPZFDDJPOFT EFM .BSDP 1SFTVQVFTUBSJP EF .FEJBOP 1MB[P
FMBCPSBEPEFBDVFSEPDPOFM'.*
FM1SFTVQVFTUPEFM.JOJTUFSJPEF
&EVDBDJwO .&%$
TFNBOUFOESrBDPOHFMBEPFO
EFM1*#
QPS
NVDIPUJFNQPIBDJBEFMBOUF
DBTJFMNJTNPOJWFMRVFUFOrBFOFMBvP
ZRVFBMDBO[wEFOVFWPFO
Z&ODPOUSB
QPTJDJwO
MBTFTUJNBDJPOFTFGFDUVBEBTQPSFM.JOJTUFSJPEF&EVDBDJwO
NVFTUSBO RVF
QBSB BMDBO[BS MPT 0CKFUJWPT EFM .JMFOJP Z MBT NFUBT
OBDJPOBMFTFOFTUFDBNQP
FMQSFTVQVFTUPEFFTUF.JOJTUFSJPEFCFSrB
BMDBO[BS
BM NFOPT
VO NPOUP BOVBM QSPNFEJP FRVJWBMFOUF BM
EFM1*#&TUBTQSPZFDDJPOFTEFMHBTUPEFM.BSDP1SFTVQVFTUBSJPEF
.FEJBOPQMB[PUJFOFOJNQMJDBDJPOFTNVZTFSJBT*OEJDBORVF
CBKP
.JHVFMEF$BTUJMMB6SCJOB
FTUFFTDFOBSJPEFM1SPHSBNBDPOFM'.*
OPTFMPHSBSrBDVNQMJSDPO
MBT0%.OJDPOMBTNFUBTOBDJPOBMFTFOMPTDBNQPTEF&EVDBDJwOZ
4BMVE "DFWFEP
C
6OBEFMBTDBSBDUFSrTUJDBTEFMQSFTVQVFTUPQBSBMBFEVDBDJwOFO
/JDBSBHVBFTTVEFQFOEFODJBEFMBDPPQFSBDJwOJOUFSOBDJPOBM&OFM
HSgDPTJHVJFOUFTFNVFTUSBMBSFMBDJwOFOUSFFMQSFTVQVFTUPBQPS
UBEPQPSFM5FTPSP1|CMJDPZFMPGSFDJEPQPSQBrTFTZPSHBOJTNPTEF
OBODJBNJFOUP&OFTUFHSgDPTFPCTFSWBRVFMPTSFDVSTPTEFMBDP
PQFSBDJwOFYUFSOBQBTBSPOEFVOBVOFOFMQFSrPEPEF
B
DPOVONBZPSnOGBTJTFOMBTEPOBDJPOFTFOFMBvP
Grfico 6
Presupuesto del MECD segn fuente de financiamiento
0USBTEFMBTDBSBDUFSrTUJDBTEFMQSFTVQVFTUPQBSBMPTHBTUPTTP
DJBMFT FO FEVDBDJwO Z TBMVE FO /JDBSBHVB FT RVF FTUPT TF VUJMJ[BO
QSJODJQBMNFOUF QBSB FM QBHP EF TVFMEPT
TBMBSJPT Z HBTUPT EF GVO
DJPOBNJFOUPBENJOJTUSBUJWP
IBCJnOEPTFEFKBEPQBSBMBDPPQFSBDJwO
JOUFSOBDJPOBMFMOBODJBNJFOUPEFMBJOWFSTJwOFOJOGSBFTUSVDUVSB
MB
RVF
TFH|OEBUPTEFM.JOJTUFSJPEF)BDJFOEBZ$SnEJUP1|CMJDPQBSB
FMBvP
TJHOJDwFM
QPSDJFOUPQBSBTBMVEZFM
QPS
DJFOUPQBSB&EVDBDJwO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&MQSPDFTPEFQSJWBUJ[BDJwOEFMBFEVDBDJwONFEJBOUFMBJNQMBOUB
DJwOEFMNPEFMPEFEFTDPODFOUSBDJwOOBODJFSBEFMBNJTNBZDVZP
NFDBOJTNPEFPQFSBUJWJ[BDJwOTPOMBTUSBOTGFSFODJBTEFEJOFSPB
MPT DFOUSPT FEVDBUJWPT QPS QBSUF EFM .JOJTUFSJP EF &EVDBDJwO
DBM
DVMBEPTTPCSFMBCBTFEFVOBGwSNVMBBSJUNnUJDBRVFQPOFQSFDJPT
BSCJUSBSJBNFOUFBCJFOFTZTFSWJDJPTFTDPMBSFTZTFNVMUJQMJDBTFH|O
FMO|NFSPEFFTUVEJBOUFTEFMDFOUSPFEVDBUJWP
UJFOFVOMVHBSJNQPS
UBOUFFOMBFTUSVDUVSBEFMHBTUPFEVDBUJWPHVCFSOBNFOUBM-BFWPMV
DJwOEFFTUF
EFBDVFSEPDPOMB0DJOBEF1SFTVQVFTUPEFM.JOJTUFSJP
EF&EVDBDJwO
$VMUVSBZ%FQPSUFT .&$%
IBTJEPMBTJHVJFOUFFOUSF
MPTBvPTZ&M(BTUP$PSSJFOUFQBTwEFMEFM(BTUP
5PUBM FO BM EFM NJTNP FO
EFCJEP FYDMVTJWBNFOUF
B RVF FM SVCSP USBOTGFSFODJBT DPSSJFOUFT BVNFOUw GVFSUFNFOUF
EFM
BM EFM (BTUP 5PUBM FO FTUF NJTNP QFSrPEP
MP DVBM SFFKB
FMQSPDFTPEFDSFDJFOUFBVUPOPNrBFTDPMBSRVFWJFOFJNQVMTBOEPFM
.&$%
RVFQBSBFMBvPBCBSDBCBBVOUPUBMBDVNVMBEPEF
DFOUSPTFRVJWBMFOUFBMEFMBTFTDVFMBTQ|CMJDBT TJOJODMVJSMPT
DPNVOJUBSJPT
.&$%
QQZ
Grfico 7
Presupuesto del MECD por rubros, aos 2000 y 2005
.JHVFMEF$BTUJMMB6SCJOB
3FTQFDUPEFMHBTUPQPSQSPHSBNBFEVDBUJWP
VOFTUVEJPSFBMJ[BEP
QPSMB$PPSEJOBEPSB$JWJM
FOOPWJFNCSFEFM
PGSFDFMPTTJHVJFO
UFTEBUPTQBSBFMQFSrPEP
B&EVDBDJwO1SFFTDPMBS
-PTNPOUPTHBTUBEPTFOFEVDBDJwOQSFFTDPMBSWBSJBSPOFOUSF
NJMMPOFTEFEwMBSFTDPSSJFOUFTFOB
NJMMPOFTEFEwMBSFTFO
&OFMBvPFMNPOUPEJTNJOVZwB64NJMEwMBSFT&OTV
UPUBMJEBEFMHBTUPFOFEVDBDJwOQSFFTDPMBSGVFHBTUPDPSSJFOUF$PO
SFTQFDUPBMHBTUPUPUBMEFM.&$%
SFQSFTFOUwFOQSPNFEJPFM
C&EVDBDJwO1SJNBSJB
&MHBTUPFOFEVDBDJwOQSJNBSJBTFNVMUJQMJDw
WFDFTEVSBOUFFM
QFSrPEP
MPRVFFRVJWBMFBVOBVNFOUPEFNJMMPOFTEF
EwMBSFTDPSSJFOUFT&OFMNPOUPHBTUBEPGVFEFNJMMPOFTEF
EwMBSFTDPSSJFOUFTZFOGVFEF64NJMMPOFT&TUFJODSFNFOUP
GVFJOVFODJBEPQPSMPTHBTUPTEFDBQJUBMRVFBVNFOUBSPOFODJODP
WFDFT
NJFOUSBTRVFMPTHBTUPTDPSSJFOUFTTFEVQMJDBSPO%VSBOUFFM
QFSrPEP
FM HBTUP DPSSJFOUF FO QSJNBSJB
GVF FO QSPNFEJP DPO
SFTQFDUPBMHBTUPUPUBMEFM.JOJTUFSJP&MHBTUPDPSSJFOUFQPSBMVNOP
FOQSJNBSJBFYQSFTBEPFOEwMBSFTDPSSJFOUFT
GVF64FOZ
64FO
D&EVDBDJwO4FDVOEBSJB
&MHBTUPFOFEVDBDJwOTFDVOEBSJBTFJODSFNFOUwFONJMMPOFTEF
EwMBSFTDPSSJFOUFT
RVFQPSDFOUVBMNFOUFFRVJWBMFBM&OFM
HBTUPFOFEVDBDJwOTFDVOEBSJBGVF
NJMMPOFTEFEwMBSFTDPSSJFOUFT
ZFOFMBvPBMDBO[w64
NJMMPOFT
%FM HBTUP UPUBM FO FEVDBDJwO TFDVOEBSJB EVSBOUF FM QFSrPEP
FM
HBTUPDPSSJFOUFSFQSFTFOUwFOQSPNFEJPFMZMPTHBTUPTEFDBQJ
UBMFM&MHBTUPDPSSJFOUFQPSFTUVEJBOUFEFTFDVOEBSJBNFEJEP
FOEwMBSFTDPSSJFOUFTEJTNJOVZwFO64BMQBTBSEF64FO
B64FO $gSDBNPZ$BTUJMMP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
Tabla 7
Nicaragua: evolucin del gasto del MECD por programas 1995-2000
Concepto
Millones de crdobas
Educacin primaria
Educacin secundaria
Educacin preescolar
Educacin de adultos
Millones de US$ corrientes
Educacin primaria
Educacin secundaria
Educacin preescolar
Educacin de adultos
Gasto corriente per cpita
Primaria
Preescolar
Secundaria
1995
1996
1997
1998
1999*
2000
231
53,0
13,2
3,4
342
71,7
11,2
4,1
487
79,3
11,5
4,8
498
94,4
13,1
4,5
893
117,1
14,3
5,3
972
127,7
10,7
22,0
30,8
7,1
1,8
0,5
1995
39,5
17,7
31,9
40,2
8,4
1,3
0,5
1996
35,2
11,4
28,4
51,3
8,3
1,2
0,5
1997
34,9
9,1
24,4
47,0
8,9
1,2
0,4
1998
38,1
8,6
25,1
75,7
9,9
1,2
0,4
1999*
57,7
8,1
30,3
77,1
10,1
0,8
1,7
2000
52,8
5,7
21,1
4FH|O0TDBS3FOn7BSHBT
/JDBSBHVBFTFMQBrTDFOUSPBNFSJDBOP
RVFNFOPTJOWJFSUFFOFEVDBDJwO
FM
EFTV1*#
DPNQBSBEPDPO
FMQSPNFEJPEFMBSFHJwORVFFTEFM
QPSDJFOUP 7BSHBT
Q
%FBDVFSEPDPOMB$&1"-
FOFMBvP
MBJOWFSTJwOFTUBUBM
QPS FTUVEJBOUF FO MPT QBrTFT DFOUSPBNFSJDBOPT FSB BTr $PTUB 3JDB
EwMBSFT&M4BMWBEPSEwMBSFT(VBUFNBMBEwMBSFT)POEVSBT
EwMBSFTZ/JDBSBHVBEwMBSFT 7BSHBT
Q
.JHVFMEF$BTUJMMB6SCJOB
1MBOUB'rTJDBFORVFGVODJPOBMBFEVDBDJwO
CgTJDBZNFEJBFO/JDBSBHVB
B"NBOFSBEF"OUFDFEFOUFT
6OBEFMBTFYQSFTJPOFTEFMQSFTVQVFTUPPGSFDJEPBMBFEVDBDJwO
FT MB JOGSBFTUSVDUVSB GrTJDB FO RVF GVODJPOBO MBT VOJEBEFT FTDPMB
SFTEFMPTQBrTFT&MDBTPEF/JDBSBHVB
QPSEJGFSFOUFTNPUJWPT
FT
QBSBEJHNgUJDPMBTJOWFSTJPOFTFOFTUBFTGFSBOPTwMPBUJFOEFOMBT
UFOTJPOFTQSPWPDBEBTQPSFMDSFDJNJFOUPEFMBQPCMBDJwORVFEFNBO
EBTFSWJDJPTFTDPMBSFTZFMQSPDFTPEFPCTPMFTDFODJBEFMBTQMBOUBT
GrTJDBT
TJOPRVFUBNCJnODVCSFOPUSPTGBDUPSFT
DPNPMPTNPWJNJFO
UPTEFBNQMJPTTFDUPSFTDJVEBEBOPTRVFEFCFOFNJHSBSEFMDBNQPB
MBTDJVEBEFTZPIBDJBQBrTFTWFDJOPTFOCVTDBEFUSBCBKPFTUBCMFZ
EFMTVTUFOUPGBNJMJBS
MPRVFMMFWBBEFKBSDPNVOJEBEFTEPOEFBOUFT
IBCrBODFOUSPTFTDPMBSFTZMMFHBSBMVHBSFTEPOEFOPIBZFTDVFMBT
P
SFTQPOEFSDBUgTUSPGFTOBUVSBMFTRVFQSPWPDBSPONVDIPTDBNCJPTFO
MBWJEBFTDPMBSEFMQBrT
DPNPFMUFSSFNPUPEF.BOBHVBEFEJDJFNCSF
EFPFMDBTPEFM)VSBDgO.JUDIRVFBTPMwFMOPSUFEFMQBrTFO
PDUVCSFEF
"OUFTEF
QBSBIBDFSNFODJwOEFVOPEFFTUPTDBTPT
FOMBT
FTDVFMBTQSJNBSJBTZTFDVOEBSJBTEFMQBrTFSBDPTUVNCSFRVFFOVOB
QMBOUBGrTJDBGVODJPOBSBVOBVOJEBEFEVDBUJWBDPOUPEPTTVTHSBEPT
ZTFDDJPOFT
NBFTUSPTZBMVNOPT
EFMBTBMBTEFMBNBvBOBZEF
MBTBMBTEFMBUBSEF4FJTIPSBTEFUSBCBKPFTDPMBSPSEJOBSJPFOFM
NJTNPMPDBMPBVMB%FTQVnTEFMUFSSFNPUPEF
MPTUJFNQPTEFM
DVSSrDVMPDBNCJBSPOEFSBr[-BEFTUSVDDJwOEFMBDJVEBEEF.BOBHVB
JODMVZwMBEFTUSVDDJwODBTJUPUBMEFMBJOGSBFTUSVDUVSBFTDPMBS
MPRVF
PCMJHwRVFMPTOVFWPTDFOUSPTFEVDBUJWPTRVFTFJNQSPWJTBSPOUVWJF
TFORVFEBSBDPHJEBBEPTZIBTUBUSFTFTDVFMBTFOVONJTNPFEJDJP
VOBQPSMBNBvBOB
PUSBQPSMBUBSEFZPUSBQPSMBOPDIF
PBUFOFS
RVFBCSJSEPTPUSFTUVSOPT
BOEFEBSBDPHJEBBFTUVEJBOUFTRVFTF
IBCrBORVFEBEPTJOFTDVFMBT
1FSP /JDBSBHVB OP TwMP IB TJEP UFTUJHP EF IFDIPT USgHJDPT RVF
IBO DBNCJBEP MB HFPHSBGrB EF TV JOGSBFTUSVDUVSB FTDPMBS 5BNCJnO
BMHVOPTEFTVTIJUPTIJTUwSJDPTNgTTPCSFTBMJFOUFT
DPNPGVFFMDBTP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
EFMB3FWPMVDJwO1PQVMBS4BOEJOJTUBEF
TJFUFBvPTEFTQVnTEFM
UFSSFNPUP EF .BOBHVB
JODSFNFOUBSPO BVO NgT MBT EFNBOEBT TP
CSFMBSFEVDJEBDBOUJEBEEFFEJDJPTFTDPMBSFTEFMQBrT-BNBUSrDVMB
FTDPMBSFOUSFZ
TJOJODMVJSMBFEVDBDJwOTVQFSJPS
TFJODSF
NFOUwFOVOQPSDJFOUP "SSJFOZ.gUVT
Q
&TUPPCMJHwBTPCSFDBSHBSNgTFMVTPJOUFOTJWPEFMBTQMBOUBTGr
TJDBT
DSFBOEPN|MUJQMFTQSPCMFNBTEFUJQPDVSSJDVMBSZEFBENJOJT
USBDJwOFTDPMBSEBEBMBGBMUBEFBEFDVBDJwOFOUSFMPTOVFWPTQFEJEPT
EFTFSWJDJPTFTDPMBSFTFTUJNVMBEPTQPSFMEJTDVSTPSFWPMVDJPOBSJPZ
FMO|NFSPEFFTQBDJPTFTDPMBSFT
DVZPDSFDJNJFOUPFSBNgTMFOUPRVF
FMEFMBTEFNBOEBTFTUVEJBOUJMFT
C4JUVBDJwOBDUVBM
%F BDVFSEP DPO FM JOGPSNF PDJBM
ZB DJUBEP
EFM .JOJTUFSJP EF
&EVDBDJwO
$VMUVSBZ%FQPSUFT
FYJTUFOFOFMQBrTFT
DVFMBT
EF MBT DVBMFT FM FT QSPQJFEBE EFM &TUBEP Z FM EF
QSPQJFEBEQSJWBEB4VEJTUSJCVDJwOUFSSJUPSJBMFTMBTJHVJFOUFFM
FTUgFOFMgSFBSVSBMZFMFOFMgSFBVSCBOB WnBTF5BCMB
Tabla 8
Nicaragua: nmero de escuelas, por dependencia y rea
Dependencia/rea
Pblico
Privado
Total
Urbana
Rural
Total
1.343
919
2.262
7.776
863
8.459
9.119
1.602
10.721
-BFYJTUFODJBEFFTDVFMBTSVSBMFTFODPOUSBTUFDPOMBT
VSCBOBTOPEFCFMMFWBSOPTBTVQPOFSVOBNBZPSBUFODJwOEFQBSUF
EFM&TUBEPZEFMTFDUPSQSJWBEPBMBQPCMBDJwOSVSBMEFMQBrT-PRVF
QBTBFTRVFMBTFTDVFMBTSVSBMFTUJFOFONFOPSO|NFSPEFBVMBTFO
WFSEBE
NVDIBTEFFMMBTTPOEFVOBTPMBBVMBZMBNBZPSrBTPOVOJEP
DFOUFT NVMUJHSBEPT
1PSTVQBSUF
MBTFTDVFMBTVSCBOBT
BMBWF[RVF
.JHVFMEF$BTUJMMB6SCJOB
UJFOFONBZPSO|NFSPEFBVMBT NrOJNPBVMBT
EBOBDPHJEBBEPTZ
IBTUBUSFTUVSOPTFTDPMBSFT NBvBOB
UBSEFZOPDIF
FOUPEPFMQBrT
&M $FOTP EF *OGSBFTUSVDUVSB &TDPMBS EFM BvP SFBMJ[BEP QPS
MB%JWJTJwOEF&TUBErTUJDBTEFM.&$%SFWFMBMBTJUVBDJwOEFQSFDBSJF
EBEEFMBQMBOUBGrTJDBFTDPMBSFO/JDBSBHVBFOMBBDUVBMJEBE
6OEFMBTFTDVFMBTEFMQBrTUJFOFBDDFTPBBHVB JODMVZF
BHVBQPUBCMF
BHVBEFQP[PZGVFOUFTOBUVSBMFT
TJOFNCBSHP
TwMP
VOEFMBTFTDVFMBTEFMQBrTUJFOFOBHVBQPUBCMFVOEFMBT
FTDVFMBTBOJWFMOBDJPOBMUJFOFOMV[FMnDUSJDBZTwMPVOEFMBTFT
DVFMBTUJFOFOMFUSJOBPTBOJUBSJPQBSBMBIJHJFOFEFMPTOJvPT-BGBMUB
EFBDDFTPBMPTTFSWJDJPTCgTJDPTFTNgTBDFOUVBEBFOMBT3FHJPOFT
"VUwOPNBT EFM $BSJCF
BTr DPNP FO MPT EFQBSUBNFOUPT EF #PBDP
+JOPUFHBZ3rP4BO+VBO
FOMBSFHJwODFOUSBMEF/JDBSBHVB .&$%
Q
1BSBBNJOPSBSFMQSPDFTPEFEFUFSJPSPEFMBQMBOUBGrTJDBOBDJPOBM
PSFQPOFSFEJDJPTJOIBCJMJUBEPT
FMHPCJFSOPEFMBSFQ|CMJDBBUSBWnT
EFMBTJOTUBODJBTDPSSFTQPOEJFOUFT
IBSFQBSBEPPDPOTUSVJEP
BVMBTFOFMQFSrPEPBM WnBTF(SgDP
Grfico 8
Nicaragua: aulas construidas, reemplazadas o reparadas 2000-2005
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
6OEBUPJNQPSUBOUFBDFSDBEFMBSFQBSBDJwOZSFDPOTUSVDDJwOEFMB
QMBOUBGrTJDBFTDPMBSFO/JDBSBHVBFTFMIFDIPEFRVFMBNBZPSQBSUF
EFMOBODJBNJFOUPEFFTUFQSPDFTPQSPWJFOFEFMBDPPQFSBDJwOJOUFS
OBDJPOBMBNBOFSBEFQSnTUBNPT EFVEBFYUFSOB
PEFEPOBDJPOFT
1FSTPOBMEPDFOUF
-BQSPCMFNgUJDBEFMNBHJTUFSJPOJDBSBHFOTF
DPOTVTCBKPTOJWFMFT
EFQSFQBSBDJwOBDBEnNJDBZMPSFEVDJEPEFTVTTVFMEPT
FTDPOTFDVFO
UFZTFBSUJDVMBDPOMBFTDBTBZEFUFSJPSBEBQMBOUBGrTJDBFTDPMBSZDPOMP
SFEVDJEPEFMQSFTVQVFTUPEFTUJOBEPBMBFEVDBDJwO"Tr
MPTFEJDJPT
FTDPMBSFT
MPTNBFTUSPTRVFSFBMJ[BSgOMBBDUJWJEBEEFMBFOTFvBO[BFO
FMJOUFSJPSEFTVTNVSPTZFMOBODJBNJFOUPFEVDBUJWPDPOGPSNBOVO
TJTUFNBDJSDVMBS
DVZBDPOTFDVFODJBEJSFDUBFTFMCBKPOJWFMEFEJTQPOJ
CJMJEBEEFMBFEVDBDJwOOPTVQFSJPS
EFDBSBBTBUJTGBDFSFMEFSFDIPBMB
FEVDBDJwOEFMBOJvF[ZMBKVWFOUVEOJDBSBHFOTFFOMBBDUVBMJEBE
6OFKFNQMPEFMBTDPOTFDVFODJBTRVFQSPWPDBOMPTCBKPTTBMBSJPT
EFMNBHJTUFSJP VOPTEwMBSFTNFOTVBMFTFOMBBDUVBMJEBE
FTFM
IFDIPEFRVFNVDIPTNBFTUSPT BT
PCJFOUJFOFORVFSFBMJ[BSPUSBT
BDUJWJEBEFT
EFTFNQFvgOEPTFFOMBNBZPSrBEFMPTDBTPTDPNPEP
DFOUFTFOEPTZIBTUBUSFTUVSOPTEFDJODPIPSBTEJGFSFOUFTPCJFOTF
WFOPCMJHBEPTBFNJHSBSIBDJBPUSPTQBrTFTFOEPOEFQPSMPHFOFSBM
TPODPOUSBUBEBTDPNPFNQMFBEBTEPNnTUJDBT-PTNBFTUSPTRVFMB
CPSBOFOEJGFSFOUFTUVSOPTVOBTWFDFTMPTSFBMJ[BOFOFMNJTNPFEJ
DJPFTDPMBS
QFSPMBNZPSrBEFMBTWFDFT
EFCFODBNCJBSEFMPDBMFT
MPRVFQSPWPDBBMNFOPTEPTDPOTFDVFODJBTJONFEJBUBTVOBEFUJQP
FTUBErTUJDPBENJOJTUSBUJWPZPUSBSFMBDJPOBEBEJSFDUBNFOUFDPOMBDB
MJEBEEFMBFOTFvBO[BZMPTBQSFOEJ[BKFT
RVFFTFMPUSPDPNQPOFOUF
GVOEBNFOUBMEFMBFRVJEBEZFMEFSFDIPBMBFEVDBDJwO
1BSBIBDFSEFTMJOEFDPOSFTQFDUPBFTUBTJUVBDJwO
FM.JOJTUFSJP
EF&EVDBDJwONBOFKBEPTEBUPTFMEFMPTEPDFOUFTZFMEFMBTQMB
[BTEPDFOUFT"DFSDBEFFTUP
FOFMBvP
TFH|OFMSFTQFDUJWP
$FOTP%PDFOUF
IBCrBQMB[BTFKFSDJEBTQPSEPDFOUFT
EFMPTDVBMFTFTUBCBOJOTDSJUPTFOMB%JSFDDJwOEF3FDVSTPT
)VNBOPTEFM.JOJTUFSJPEF&EVDBDJwODPNPEPDFOUFTEFMBTFTDVF
MBTQ|CMJDBTCBKPTVBENJOJTUSBDJwO&MUPUBMEFQMB[BTEPDFOUFTTF
H|OQSPHSBNBFOMPTBvPTZGVFSPOMPTTJHVJFOUFT
.JHVFMEF$BTUJMMB6SCJOB
Tabla. 9
Nicaragua: total de plazas docentes segn programa (aos 2002 y 2004)
Programa
Plazas docentes
2002
2004
7.152
26.226
10.295
299
43.972
8.998
27.797
12.019
296
49.110
Preescolar
Primaria
Secundaria
CEDA
Total
Fuente: Direccin General de Desarrollo Educativo.
$POSFTQFDUPBMBQSFQBSBDJwOBDBEnNJDBEFMQFSTPOBMEPDFOUF
FM
.JOJTUFSJPEFMBSBNBFEVDBUJWBFOTVJOGPSNFEFBCSJMEFMEJDF
RVFBQFTBSEFRVFFOMPT|MUJNPTBvPTTFIBOHSBEVBEP
EPDFOUFT EF MBT FTDVFMBT OPSNBMFT
TF PCTFSWB VO JODSFNFOUP EFM
FNQJSJTNPFOMPTQSPHSBNBTEFQSJNBSJBZTFDVOEBSJB
QBTBOEPEF
FOB
FOFM WnBTF(SgDP
Grfico 9
Nicaragua: evolucin del Empirismo Docente perodo 1997-2004
&O/JDBSBHVBTFDMBTJDBDPNPEPDFOUFFNQrSJDPBRVJFOOPQPTFFUrUVMPEFNBFTUSP
OPSNBMJTUBZPVODFSUJDBEPEFDJFODJBTEFMBFEVDBDJwOBTPDJBEPBMOJWFMFEVDBUJWPRVFJNQBS
UFQPSFKFNQMP
VOJOHFOJFSPRVFPGSFDFDMBTFTEFNBUFNgUJDBTPGrTJDBTFDPOTJEFSBFNQrSJDP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
Fuente: MECD.
.JHVFMEF$BTUJMMB6SCJOB
&OMBUBCMBTFQSFTFOUBOMPTOJWFMFTEFFTDPMBSJEBEBMDBO[BEPT
QPSMPTEPDFOUFTOJDBSBHFOTFT
TFH|OQSPHSBNBFEVDBUJWPPGSFDJEP
QPSFM&TUBEP
Tabla 10
Nicaragua: nivel de escolaridad de los docentes segn programa
Nivel de escolaridad docente
Maestro de Educacin Especial
Maestro de Educacin Fundamental
Maestro de Educacin Preescolar
Maestro de Educacin Primaria
Profesor de Ciclo Bsico
Profesor de Educacin Media
Tcnico Superior en C.C.E.E.
Egresado universitario en C.C.E.E.
Licenciado en C.C.E.E.
Master en C.C.E.E.
Egresado universitario no docente
Otro ttulo docente universitario
Otro ttulo universitario no docente
Tcnico medio no docente
Bachiller
Educacin fundamental (4 grado)
Primaria concluida
Total
Educacin Preescolar
de adultos
1
213
3
3
21
1
3
12
31
8
296
20
11
132
2055
4
35
11
13
184
4
30
28
80
144
2137
222
3888
8998
Primaria Secundaria
13
50
29
18983
16
226
64
64
828
54
108
102
236
143
4825
23
2033
27797
Total
9
42
9
71
7
168
1805 23056
8
28
1029 1293
136
214
339
416
4574 5607
110
169
348
486
123
256
772 1100
247
534
2441 9434
6
251
56 5985
12019 49110
%FBDVFSEPDPOFTUP
MPTBvPTEFFTDPMBSJEBEQSPNFEJPEFMPTEP
DFOUFT EF FEVDBDJwO EF BEVMUPT
QSFFTDPMBS
QSJNBSJB Z TFDVOEBSJB
DPSSFTQPOEFOB
ZSFTQFDUJWBNFOUF .&$%
Q
&OMPRVFSFFSFBMTVFMEPEFMNBHJTUFSJPOJDBSBHFOTF
FTUFTF
JOUFHSBTPCSFMBCBTFEFDVBUSPDPNQPOFOUFTFMTVFMEPEFCBTF
MB
BOUJHFEBEFOMBGVODJwONBHJTUFSJBM
MPTUrUVMPTBDBEnNJDPTSFHJT
USBEPTZFMDPNQPOFOUFSFGFSJEPBMFTUrNVMPQPS[POBKF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
$PNQBSBEPDPOMPTTVFMEPTEFMPTTFSWJEPSFTQ|CMJDPTEFMQBrT
FM
TVFMEPCgTJDPEFMPTNBFTUSPTFTVOPEFMPTNgTCBKPTEFMFTDBMBGwO
OBDJPOBM
TwMPFRVJQBSBCMFBMTVFMEPEFQPMJDrBTZQFSTPOBMTBOJUBSJP
EFCBKBDBMJDBDJwO
&MFDPOPNJTUB0TDBS3FOn7BSHBT
FOTVFTUVEJP-BFEVDBDJwOFO
/JDBSBHVB*NQBDUPEFMBTQPMrUJDBTEFM#BODP.VOEJBMFO
MBFEVDBDJwO
BMSFGFSJSTFBMTBMBSJPEFMPTNBFTUSPTEFMBFEVDBDJwO
QSFFTDPMBS
QSJNBSJBZTFDVOEBSJBFOFMBvP
SFDPOPDFRVFVO
NBFTUSPEFFEVDBDJwOQSJNBSJBHBOBCB FOFTFBvP
VOTVFMEPCg
TJDPNFOTVBMEF
DwSEPCBTFRVJWBMFOUFTB
EwMBSFTNFO
TVBMFTVONBFTUSPUJUVMBEPEFTFDVOEBSJBQFSDJCrBVOTBMBSJPCgTJDP
NFOTVBMEF
DwSEPCBT
FRVJWBMFOUFB
EwMBSFTNFOTVBMFT
4V DPOEJDJwO TBMBSJBM OP NFKPSB NVDIP QPS MPT BvPT USBCBKBEPT ZB
RVF QFSDJCFO DwSEPCBT
P TFB
DFOUBWPT EF EwMBS
NFOTVB
MFT QPS BvP EF TFSWJDJP QPS FM OJWFM EF GPSNBDJwO MJDFODJBUVSB FO
FEVDBDJwOSFDJCFDwSEPCBTNFOTVBMFTNgTMPTNBFTUSPTDPO
UrUVMPTEFOPSNBMJTUBUJFOFOEFSFDIPTBVOJODSFNFOUPEFDwSEP
CBTNFOTVBMFTOPSFDJCFOOJOHVOBSFNVOFSBDJwOQPSMBDBMJEBEEF
TVUSBCBKP
QVFTOPFYJTUFODSJUFSJPTFTUBCMFDJEPTQBSBNFEJSMB1PS
[POBKFPEJTUBODJBTFQFSDJCFVOJOHSFTPEJGFSFODJBEPRVFTFQBHB
DVBOEPVOEPDFOUFJNQBSUFDMBTFTFOVOB[POBEJGFSFOUFBTVMVHBS
EFSFTJEFODJB&TUFMMFHBBTFS
BMPNgT
EFVOQPSDJFOUPTPCSFTV
TVFMEPCgTJDPZOPJODMVZFSFDPOPDJNJFOUPQPSUrUVMP
OJQPSBOUJHF
EBE 7BSHBT
Q
"OUFFTUBTJUVBDJwO
BvPBBvP
MBMVDIBEFMNBHJTUFSJPPSHBOJ[B
EPZEFMNPWJNJFOUPTPDJBMQPSFMEFSFDIPBMBFEVDBDJwOIBFTUBEP
DFOUSBEBFOFMUFNBTBMBSJBM.BSDIBTDBMMFKFSBT
QMBOUPOFTZIVFMHBT
IBOTJEPNVDIPTEFMPTJOTUSVNFOUPTQBSBBSSBODBSEFMBTNBOPTHV
CFSOBNFOUBMFTZEFM'POEP.POFUBSJP*OUFSOBDJPOBM '.*
QFRVFvPT
BVNFOUPTTBMBSJBMFTBOVBMFT
"M SFTQFDUP
FM 1SPGFTPS 7BSHBT TFvBMB&O
TFPCUVWP VO
BVNFOUPNgYJNPEFDwSEPCBTNFOTVBMFTRVFTFQBHBOBUPEPT
QPS JHVBM
ZB TFBO NBFTUSPT EF QSFFTDPMBS
QSJNBSJB P TFDVOEBSJB
CBKPMBGPSNBEFCPOPZOPTPODPOTJEFSBEPTDPNPQBSUFEFTVTVFM
EPCgTJDPQBSBOFTEFKVCJMBDJwO&O
TFDPOTJHVJwVOBVNFOUP
.JHVFMEF$BTUJMMB6SCJOB
HFOFSBMEFDwSEPCBTBMJOHSFTPCgTJDPEFUPEPTMPTNBFTUSPT
MPRVFSFQSFTFOUwVOQPSDJFOUPBEJDJPOBM
$PNP SFTVMUBEP
VO NBFTUSP EF QSJNBSJB DPO BvPT EF FKFSDJ
DJP QSPGFTJPOBM BQFOBT BMDBO[B B HBOBS FM FRVJWBMFOUF B EwMB
SFT NFOTVBMFT &O $PTUB 3JDB VO EPDFOUF EF QSJNBSJB DPO BvPT
EFFYQFSJFODJBFOHBOBCBFMFRVJWBMFOUFBEwMBSFT
FO&M
4BMWBEPSEwMBSFTNJFOUSBTFO1BOBNg
FOFM
HBOBCB
EwMBSFT &O )POEVSBT VO EPDFOUF FNQJF[B EFWFOHBOEP VO TBMBSJP
NFOTVBMEFEwMBSFT 7BSHBT
Q
-B |MUJNB CBUBMMB QPS FM TVFMEP EFM NBHJTUFSJP OJDBSBHFOTF MB
TPTUVWPMB$POGFEFSBDJwO(FOFSBMEF5SBCBKBEPSFTEFMB&EVDBDJwO
EF /JDBSBHVB $(5&/"/%&/
FO KVMJPBHPTUP EF
GSFOUF BM
'POEP.POFUBSJP*OUFSOBDJPOBM '.*
FMRVFUFOB[NFOUFTFPQVTPB
RVFFMQPSDFOUBKFEFDSFDJNJFOUPEFMQSFTVQVFTUPQBSBMBFEVDBDJwO
ZQBSBFMTBMBSJPEFMPTNBFTUSPTRVFEBSBFTUBCMFDJEPZSFHVMBEPFO
MB-FZ(FOFSBMEF&EVDBDJwOBQSPCBEBSFDJFOUFNFOUF
"Tr
CBKPTOJWFMFTEFQSFQBSBDJwOZCBKPTTBMBSJPTQBSBMPTNBFT
USPTTFIBOBSUJDVMBEPIJTUwSJDBNFOUFQBSBEFCJMJUBSBFTUFFTMBCwO
UBO JNQPSUBOUF EFM QSPDFTP FEVDBUJWP OJDBSBHFOTF
BGFDUBOEP EJ
SFDUBNFOUFMPTOJWFMFTEFBDDFTJCJMJEBE
BDFQUBCJMJEBEZBEBQUBCJMJ
EBE
DPNPDPNQPOFOUFTGVOEBNFOUBMFTEFMBDBMJEBEZEFMEFSFDIP
BMBFEVDBDJwOFO/JDBSBHVB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
TPCSFMBCBTFEFMDSJUFSJPEFBDDFTJCJMJEBE
4JFMDSJUFSJPEJTQPOJCJMJEBETFPSJFOUBBMBPCMJHBDJwOEFM&TUBEP
EFQSPWFFSTFSWJDJPTEFFEVDBDJwO
FMDSJUFSJPBDDFTJCJMJEBETFSFFSF
BMEFCFSEFM&TUBEPEFHBSBOUJ[BSFMBDDFTPBMBTJOTUJUVDJPOFTFEVDB
UJWBTEJTQPOJCMFTEFMBTQFSTPOBTFOFEBEFTDPMBSRVFEFNBOEBO
FEVDBDJwO
QSPNPWJFOEPMBFRVJEBEZMBOPEJTDSJNJOBDJwO
"MHVOPTJOEJDBEPSFTSFMBDJPOBEPTDPOFTUFDSJUFSJPTPOMBDPCFS
UVSBPNBUSrDVMBEFMPTFTUVEJBOUFTFOMPTEJGFSFOUFTQSPHSBNBTEF
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
MBFEVDBDJwOOPTVQFSJPSFMOPDPCSPQPSMPTTFSWJDJPTFEVDBUJWPTFO
MBTFTDVFMBTQ|CMJDBT
ZMPTQSPHSBNBTTVQMFNFOUBSJPTZDPNQFOTB
UPSJPTEFUJQPBMJNFOUJDJPTPEFBWJUVBMMBNJFOUPFTDPMBSRVFGBDJMJUBO
FMJOHSFTPZQFSNBOFODJBFOMPTDFOUSPTFTDPMBSFT
.BUSrDVMBEFMBQPCMBDJwOFOFEBEFTDPMBS
%F BDVFSEP DPO EBUPT EFM .JOJTUFSJP EF &EVDBDJwO
$VMUVSB Z
%FQPSUFT .&$%
QBSB MB QPCMBDJwO EF /JDBSBHVB FSB EF
MIBCJUBOUFT
TJFOEPMBQPCMBDJwOFOFEBEFTDPMBS B
BvPT
EFOJvPTZBEPMFTDFOUFTMBQPCMBDJwONBUSJDVMBEB
FOMPTOJWFMFTFEVDBUJWPTEFQSFQSJNBSJB
QSJNBSJBZTFDVOEBSJBFSB
EF FTUVEJBOUFT Z MB QPCMBDJwO EF FTBT FEBEFT GVFSB EF
FTPTOJWFMFTFEVDBUJWPTFSBEF
&O FM DVBESP TJHVJFOUF TF QSFTFOUB FTUB JOGPSNBDJwO QPSNF
OPSJ[BEB
TFH|O MPT HSVQPT FUBSJPT EF MPT OJWFMFT FEVDBUJWPT
DPSSFTQPOEJFOUFT
Tabla 11
Nicaragua: poblacin en edad escolar, matrcula y poblacin
escolar no atendida en el 2001
Grupo
etario
3 a 6 aos
Poblacin
en edad
escolar
Matrcula
en edad
escolar
Poblacin
en edad
escolar no
atendida
Porcentaje
de poblacin
escolar
atendida
% de
poblacin
escolar no
atendida
629.029
254.246
374.783
40,42
59,58
7 a 12 aos
830.196
719.107
111.089
86,62
13,38
13 a 18 aos
744.938
354.051
390.887
47,53
52,47
Total (3 a 18
aos)
2.204.163
1.327.404
876.759
60,22
39,78
.JHVFMEF$BTUJMMB6SCJOB
BvPT
RVFFTFMNgTBMUPEFMPTUSFTOJWFMFTDPOUFNQMBEPTFOFTUF
BOgMJTJT
FM
QPSDJFOUPFTUBCBNBUSJDVMBEPFOFMTJTUFNBFTDPMBS
ZFM
QPSDJFOUPFTUBCBGVFSBEFMTJTUFNB&OMBFEVDBDJwOTF
DVOEBSJB HSVQPEFBBvPT
FM
QPSDJFOUPEFMBQPCMBDJwO
FTUBCBFOFMTJTUFNBFTDPMBSZFM
QPSDJFOUPOPMPFTUBCB
&OUPUBM
FOFMBvP
EFVOBQPCMBDJwOEF
OJvPTZ
KwWFOFT
DPSSFTQPOEJFOUFBMHSVQPEFFEBEEFBBvPT
TPMBNFO
UFOJvPTZBEPMFTDFOUFT
FTEFDJSFM
FTUBCBONBUSJ
DVMBEPTFOFMTJTUFNBFTDPMBS
NJFOUSBTRVF FM
OP
FTUBCBOTJFOEPBUFOEJEPTFOMPTTFSWJDJPTFEVDBUJWPT
6OBNJSBEBHMPCBMBUPEPFMTJTUFNBEFFEVDBDJwOGPSNBMEFMQBrT
JODMVZFOEPMBFEVDBDJwOTVQFSJPS
FOUSFZQSFTFOUBFMQB
OPSBNBTJHVJFOUF
Tabla 12
Nicaragua: indicadores bsicos en educacin
Nivel acadmico
1990
1991
1994
1997
1998
1999
&OUSFZ
MBQPCMBDJwOFOFEBEFTDPMBSEFBBvPT
QBTwEFBOJvPTZKwWFOFTEFFTUPTMBQPCMBDJwO
NBUSJDVMBEBFOFMTJTUFNBFTDPMBSQ|CMJDPZQSJWBEPHMPCBMQBTwEF
FOBFOZMBQPCMBDJwOOPNBUSJDVMBEB
HMPCBMQBTwEFFOBFO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
*OEJDBEPSFTFTQFDrDPTEFNBUSrDVMBZUBTBTEFFTDPMBSJ[BDJwO
TFH|OOJWFMFEVDBUJWP .&$%
B/JWFM1SFFTDPMBS
&OFTUFOJWFMFEVDBUJWPTFBUJFOEFBMBQPCMBDJwOEFBBvPT
EF FEBE B USBWnT EF NPEBMJEBEFT GPSNBMFT Z OP GPSNBMFT &M OJWFM
QSFFTDPMBSFTUgJOUFHSBEPQPSUSFTTVCOJWFMFTFMQSJNFSPQBSBOJvPT
ZOJvBTEFBvPTEFFEBE
FMTFHVOEPQBSBOJvPTZOJvBTEFBvPTZ
FMUFSDFSPQBSBMBQPCMBDJwOEFBvPTEFFEBE&MOJvPPMBOJvB
VOB
WF[RVFFHSFTBEFFTUFOJWFMBMBFEBEEFBvPTQBTBBMTJHVJFOUF
OJWFMEFMBFEVDBDJwOQSJNBSJB
.BUSrDVMB
&O MB NBUSrDVMB JOJDJBM FO FTUF OJWFM GVF EF OJvPT Z
OJvBT
EF MPT DVBMFT FM
QPS DJFOUP TPO OJvPT FM
QPS DJFO
UPTFJOTDSJCJwFOFMUFSDFSTVCOJWFMZFM
QPSDJFOUPTFJOTDSJCJw
FOFMQSJNFSZTFHVOEPTVCOJWFM&MQSFFTDPMBSFTVOOJWFMFEVDBUJWP
QSJODJQBMNFOUFVSCBOP
EFBIrRVFFOFMUPUBMEFMBNBUSrDVMB
GVFTFEFFTUVEJBOUFTFODJVEBEFTZEFFTUVEJBOUFTFO
FMDBNQP/PFYJTUFHSBOEJGFSFODJBFODVBOUPFMTFYP
&M DSFDJNJFOUP EF MB NBUSrDVMB FO FTUF OJWFM FEVDBUJWP TF EFCF
QSJODJQBMNFOUFBMBQBSUJDJQBDJwOEFPSHBOJTNPTDJWJMFTFOMBQSPNP
DJwO
PSHBOJ[BDJwOFJNQMFNFOUBDJwOEFNPEBMJEBEFTOPGPSNBMFTEF
FEVDBDJwOQSFFTDPMBSMMBNBEPT1SFFTDPMBSFT$PNVOJUBSJPT
FOFMRVF
TF JOWPMVDSB EJSFDUBNFOUF B MBT GBNJMJBT NBESFT QSJODJQBMNFOUF
&TUBNPEBMJEBEGVFDSFBEBEVSBOUFMPTBvPTPDIFOUB
FOFMDPOUFYUP
EFMPTMMBNBEPTDPSUFTEFDBGn
DVBOEPNVKFSFTEFMBDJVEBEWJBKB
CBOBMBTIBDJFOEBTDBGFUBMFSBTFODPNQBvrBEFTVTQFRVFvPTIJKPT
BDPSUBSFMHSBOPEFDBGnZ
QBSBRVFFMMBTQVEJFTFOIBDFSTVUSBCBKP
TJOQSFPDVQBDJPOFT
PUSBTQFSTPOBTMFTBUFOErBOBTVTIJKPTUBOUPFO
MPRVFSFTQFDUBBMBBMJNFOUBDJwO
IJHJFOFZDVJEP
DPNPFOTVJOUSP
EVDDJwOBMBTSVUJOBTEFMBFTDPMBSJEBE
"VORVFTFTVQPOFRVFMBNBUSrDVMBQSJWBEBEFMBFEVDBDJwOQSF
FTDPMBSFTBMUB
FM.JOJTUFSJPEFMBSBNBFEVDBUJWBOPJOGPSNBTPCSF
FTUFBTQFDUP
.JHVFMEF$BTUJMMB6SCJOB
5BTBTEFFTDPMBSJ[BDJwO
-BUBTBOFUBEFFTDPMBSJ[BDJwOFOGVFEF
QPSDJFOUP
BM
DBO[wFM
QPSDJFOUPFOZMMFHwBM
QPSDJFOUPFO
$PNPTFWF
IVCPVODSFDJNJFOUPEF
QVOUPTQPSDFOUVBMFTFOUSF
ZZEF
QVOUPTQPSDFOUVBMFTFOUSFZ
C/JWFMQSJNBSJP
-B$POTUJUVDJwO1PMrUJDBEFMB3FQ|CMJDBEF/JDBSBHVBFOTVBSUr
DVMPFTUBCMFDFRVFMBFEVDBDJwOQSJNBSJBFTHSBUVJUBZPCMJHBUPSJB
&TUFOJWFMFEVDBUJWPBUJFOEFBMBQPCMBDJwOFOUSFZBvPT
BUSB
WnT EF USFT NPEBMJEBEFT EF FEVDBDJwO QSJNBSJB 1SJNBSJB 3FHVMBS
FO RVF MB QPCMBDJwO VSCBOB Z SVSBM FO MB FEBE DPSSFTQPOEJFOUF FT
BUFOEJEB FO DBEB HSBEP QPS VO NBFTUSP 1SJNBSJB .VMUJHSBEP
RVF
BUJFOEFBFTUVEJBOUFTEFMgSFBSVSBMFODFOUSPTFEVDBUJWPTFOMPTRVF
VONBFTUSPTFIBDFDBSHPEFEPTPNgTHSBEPTTJNVMUgOFBNFOUFZ
1SJNBSJB&YUSBFEBE
RVFBUJFOEFBOJvPTZBEPMFTDFOUFTGVFSBEFMB
FEBEDPSSFTQPOEJFOUF
BUSBWnTEFQMBOFTFTQFDJBMFTDPOVOBEVSB
DJwOEFUSFTBvPT
.BUSrDVMB
&OMBNBUSrDVMBJOJDJBMFOFMOJWFMQSJNBSJP
DPNPTFPCTFS
WB FO FM DVBESP
GVF EF FTUVEJBOUFT
DPSSFTQPOEJFOEP
BMBT[POBTVSCBOBTZBMBT[POBTSVSBMFT%FTEFFTF
BvPIBTUBFMMBNBUSrDVMBNBOUJFOFVODSFDJNJFOUPIPNPHnOFP
EFBFTUVEJBOUFTOVFWPTDBEBBvP/PPCTUBOUF
FO
FTFQSPDFTPEFDSFDJNJFOUPTVGSFVOBCSVQUPSFUSPDFTPEF
FTUVEJBOUFT:FO
FTUFOVFWPFJOVTJUBEPDPNQPSUBNJFOUPTF
NBOUJFOFEFNPEPUBMRVFFMEFDSFDJNJFOUPDPOUJO|BIBTUBMMFHBSB
FTUVEJBOUFTNFOPT
1BSBFM.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ%FQPSUFT
FMEFTDFOTP
EF MB DPCFSUVSB EF FTUPT EPT BvPT SFTQFDUP EF
Z
UJFOFMBTTJHVJFOUFTFYQMJDBDJPOFT&O
FMBvPFTDPMBSTFJOJDJB
DPOVOBIVFMHBNBHJTUFSJBMRVFEFNBOEBCBJODSFNFOUPTTBMBSJBMFT
FM1SFTVQVFTUPEFM.JOJTUFSJPEFMBSBNBFEVDBUJWBQBSBOPTF
JODSFNFOUwEFCJEPBMPT1SPHSBNBTEF"KVTUFFTUSVDUVSBMEFFTFQF
SrPEP .&$%
Q
1BSBMFMBNFOUFBMBGPSNVMBDJwOEFFTUBT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
IJQwUFTJT
FM.&$%SFBMJ[wVOBDPOTVMUBFOUSFNJFNCSPTEFMBTDPNV
OJEBEFTFEVDBUJWBT
SFTVMUBOEPRVFFMQPSDJFOUPEF%JSFDUPSFT
EFMPT$FOUSPT&TDPMBSFTDPOTVMUBEPTDSFFRVFMBTJUVBDJwOFDPOwNJ
DBEFMBTGBNJMJBTFTMBRVFNgTIBJODJEJEPFOFMEFDSFDJNJFOUPEFMB
NBUSrDVMBFM
QPSDJFOUPEFMPTQBESFTEFGBNJMJBZEFMPTEPDFO
UFTDPJODJEFOFORVFFTFMBTQFDUPFDPOwNJDPFMGBDUPSRVFNgTJO
VZFZFMEFMPTFTUVEJBOUFTDPOTVMUBEPTBTVNFRVFFTUFGBDUPS
FTFMRVFNgTIBJOVJEPFOMBCBKBEFMBNBUSrDVMBFOFTUFQFSrPEP
.&$%
Q
&OZMBNBUSrDVMBGVFEFZSFTQFDUJWB
NFOUF
DBOUJEBEFTNBZPSFTBMBEF
BvPFORVFMBNBUSrDVMBEF
FTUFOJWFMFEVDBUJWPMMFHwBFTUVEJBOUFT WnBTF5BCMB
Tabla 13
Matrcula inicial en educacin primaria, segn rea geogrfica. 1990-1998
1990
Total
Urbano
Rural
632.882
364.926
267.956
1991
1992
1993
1994
1995
1996
1997
1998
%BUPTPCUFOJEPTEFJOGPSNFTNgTSFDJFOUFTEFM.&$%JOEJDBORVF
MBNBUSrDVMBEFMOJWFMQSJNBSJPIBFWPMVDJPOBEPBTrEFTEFIBTUB
Tabla 14
Nicaragua: matrcula del nivel primario 1999-2002
Ao
Matrcula
1999
2000
2001
2002
816.701
838.437
866.516
923.391
4FH|O FM DVBESP RVF BOUFDFEF
FOUSF Z MB NBUSrDVMB
DSFDJwFOFTUVEJBOUFT
MPRVFTJHOJDBVOFTQFDUBDVMBSDSF
DJNJFOUPEFM
QPSDJFOUPRVFTFHVSBNFOUFPCFEFDFBVODPOKVOUP
EF NFDBOJTNPT QSPNPWJEPT QPS FM HPCJFSOP EF MB SFQ|CMJDB DPO MB
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
5BTBTEF&TDPMBSJ[BDJwO
&OFMQFSrPEPMBUBTBCSVUBEFNBUSrDVMBFOFTUFOJWFM
FEVDBUJWPFYQFSJNFOUwVOJODSFNFOUPEFM
QVOUPTQPSDFOUVBMFT
ZMBUBTBOFUBEFFTDPMBSJ[BDJwOTFJODSFNFOUwFO
QVOUPTQPSDFO
UVBMFT%FDBEBKwWFOFTFOUSFZBvPTEFFEBE
FTUVEJBO
UFTOVFWPTTFJODPSQPSBSPOBMTJTUFNBFTDPMBSFOUSFZ
&MDPCSPFOMBTFTDVFMBTQ|CMJDBTZVODBTPEFUSBOTGFSFODJBEF
EJOFSPEFMBTBMDBMErBTBM.JOJTUFSJPEF&EVDBDJwO
&O/JDBSBHVBMBTPMVDJwORVFMPTHPCJFSOPTOFPMJCFSBMFTIBOFO
DPOUSBEPQBSBEBSSFTQVFTUBBMNBOUFOJNJFOUPEFMPTFEJDJPTFTDP
MBSFT
DPNQSBEFNBUFSJBMFTEJEgDUJDPTZ
QSJODJQBMNFOUF
BMSFBKVTUF
TBMBSJBMEFMPTNBFTUSPT
GVFBGFDUBOEPEJSFDUBNFOUFFMQSFTVQVFTUP
EFMBFNQPCSFDJEBGBNJMJBOJDBSBHFOTF
RVFFTMBRVFIBDFVTPEF
MPTTFSWJDJPTFEVDBUJWPTQ|CMJDPT
-BJEFBEFMDPCSPNFOTVBMFOMBTFTDVFMBT
EFMBWFOUBEFTFSWJDJPT
FEVDBUJWPTFOFMJOUFSJPSEFMPTBMFSPTFTDPMBSFTZEFMBSFDBVEBDJwO
EFEJOFSPBUSBWnTEFEJGFSFOUFTWrBT
GVFQSFTFOUBEBJNQMFNFOUBEB
GBMTBNFOUFDPNPVOQSPDFTPEFEFTDFOUSBMJ[BDJwOEFMBFEVDBDJwO
FOFMRVFTFQSPNPWrBMBQBSUJDJQBDJwOEFMPTBDUPSFTFEVDBUJWPT
FT
QFDJBMNFOUF EF QBESFT Z NBESFT EF GBNJMJB FO MPT EFTUJOPT EF MBT
JOTUJUVDJPOFTFTDPMBSFT4FDSFBSPOMPT$POTFKPT%JSFDUJWPT&TDPMBSFT
BQBSUJSEFZTFEFDJEJwUSBOTGFSJSBMBTFTDVFMBTMPTQSFTVQVFT
UPTFTDPMBSFT
FOFTQFDJBMFMTVFMEPEFMPTNBFTUSPT
UPEPPSJFOUBEP
BVOBWFSEBEFSBBVUPOPNrBEFMPTDFOUSPTFEVDBUJWPT/PPCTUBOUF
FMQSPDFTP
QPDPBQPDP
GVFBERVJSJFOEPTVQSPQJBTPOPNrBFJEFO
UJEBE
DSJTUBMJ[gOEPTFDPNPVOQSPDFTPEFEFTDPODFOUSBDJwOOBO
DJFSBEFMBFEVDBDJwO
&MHPCJFSOPEFMBSFQ|CMJDBUSBOTFSFNFOTVBMNFOUFBDBEBVOJ
EBE FTDPMBS TV QSFTVQVFTUP
DBMDVMBEP TFH|O VOB GwSNVMB BSJUNn
UJDBRVFTFNVMUJQMJDBEFBDVFSEPDPOFMO|NFSPEFFTUVEJBOUFTEF
DBEBDFOUSPQFSP
DPNPMBDBOUJEBEEFEJOFSPUSBOTGFSJEBOPFTTV
DJFOUF QBSB TBUJTGBDFS MBT OFDFTJEBEFT EF MPT DFOUSPT EF FTUVEJP
MPT $POTFKPT %JSFDUJWPT UJFOFO RVF JNQPOFS VOB DVPUB NFOTVBM EF
QBHPBMPTQBESFTZNBESFTEFGBNJMJB%JGFSFOUFTFTUVEJPTSFBMJ[B
.JHVFMEF$BTUJMMB6SCJOB
EPT QPS MB 1SPDVSBEVSrB &TQFDJBM EF MB /JvF[ Z MB "EPMFTDFODJB
EF
MB1SPDVSBEVSrBQBSBMB%FGFOTBEFMPT%FSFDIPT)VNBOPT
IBOEF
NPTUSBEPRVFFMQSPDFTPDPOPDJEPDPNPEFBVUPOPNrBFTDPMBSFT
DBVTB QSJODJQBM EF MB CBKB NBUSrDVMB FTDPMBS
EFM BVTFOUJTNP Z EFM
BCBOEPOPFTDPMBS&OFM$BQrUVMP***EFFTUFFTUVEJP
TFQSFTFOUBBMB
BVUPOPNrBFTDPMBSDPNPVODBTPDPODSFUPEFFYDMVTJwOZEFPCTUgDV
MPQBSBFMMPHSPEFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
/PPCTUBOUF
FMQSPDFTPEFEFTSFTQPOTBCJMJ[BDJwOEFM&TUBEPDPO
SFTQFDUP B TV SFTQPOTBCJMJEBE EF UVUFMBS
OBODJBS Z QSPNPWFS FM
FKFSDJDJPQMFOPEFMEFSFDIPBMBFEVDBDJwOEFMBOJvF[ZMBKVWFOUVE
OJDBSBHFOTF
DPNPMPNBOEBMB$POTUJUVDJwO1PMrUJDB
OPTFBHPUB
DPOMBHFOFSBMJ[BDJwOFOMBDBTJUPUBMJEBEEFMPTDFOUSPTFEVDBUJWPT
EFMNFDBOJTNPEFMBBVUPOPNrBFTDPMBS&OGPSNBTJNVMUgOFB
DPO
MB QBDJFODJB EF VO OP PSGFCSF
MB PDJOB TFDUPSJBM SFTQFDUJWB EFM
.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ%FQPSUFT
IBWFOJEPUFKJFOEPMP
RVFTFIBEBEPFOMMBNBSEFTDFOUSBMJ[BDJwOUFSSJUPSJBMEFMBFEVDB
DJwO
UBNCJnO DPOPDJEB DPNP 1SPHSBNB EF NVOJDJQBMJ[BDJwO EF MB
FEVDBDJwO
1BSBFM.&$%FMNPEFMPDPOTJTUFFOMPTJHVJFOUF
%FMFHBSGVODJPOFTBENJOJTUSBUJWBTZUnDOJDBTBMPT.VOJDJQJPT
EFMFHBSQPEFSEFEFDJTJwOZ
PGSFDFS MPT SFDVSTPT OFDFTBSJPT QBSB DPNQBSUJS DPO FM .&$% MB
HFTUJwOFEVDBUJWB
&OMBBDUVBMJEBE
TFH|OJOGPSNBDJwOSFDBCBEBFOMBJOTUBODJBDP
SSFTQPOEJFOUF
BMSFEFEPSEFDVBSFOUBHPCJFSOPTNVOJDJQBMFTTFIBO
BDPHJEPBFTUBNPEBMJEBE
$PNPJMVTUSBDJwOEFMPTMPHSPTEFMBMMBNBEBNVOJDJQBMJ[BDJwO
EFMBFEVDBDJwO
QVFEFSFGFSJSTFVOEBUPEBEPBDPOPDFSEVSBOUFVO
GPSPPSHBOJ[BEPQPSFM$PNJUnEF%FTBSSPMMP.VOJDJQBMEF.BUBHBMQB
FMNJnSDPMFTEFTFQUJFNCSFEFM
QPSMBEFMFHBEBNVOJDJQBM
EFM.&$%EFMNVOJDJQJPEF5VNB-B%BMJB-BBMDBMErBEFMNVOJDJ
QJPNFODJPOBEP IBUSBOTGFSJEP<DPOFTBTQBMBCSBT>
EVSBOUFOVFWF
NFTFT
MBDBOUJEBEEF$ USFTDJFOUPTUSFJOUBNJMEPTDJFOUPT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
DVBSFOUBZTJFUFDwSEPCBT
VOPT
EwMBSFT
BM.JOJTUFSJPEF
&EVDBDJwO
$VMUVSB Z %FQPSUFT
FO DPODFQUP EF QBHP EF TVFMEPT Z
TPCSFTVFMEPTEFNBFTUSPTZQFSTPOBMEFMJNQJF[BZEFTFHVSJEBE
SF
QBSBDJPOFTEFNPCJMJBSJPTZQMBOUBTGrTJDBT
DPNQSBEFNBUFSJBMFTEF
BQPZPBMBQSFOEJ[BKF
FUDnUFSBZEF$ DBUPSDFNJMOPWFDJFO
UPTDVBSFOUBZEPTDwSEPCBT
FODPODFQUPEFCFDBTQBSBNBFTUSPTZ
FTUVEJBOUFTRVFWJBKBOBMBDJVEBEEF.BUBHBMQBBFTUVEJBS
&TUFEBUPQMBOUFBWBSJPTJOUFSSPHBOUFT
B-PTJNQVFTUPTRVFMBTBMDBMErBTNVOJDJQBMFTDPCSBOQPSNBO
EBUP EF MFZ B MPT DJVEBEBOPT RVF SFTJEFO FO DBEB NVOJDJQJP
TPO
QBSB TFS JOWFSUJEPT FO PCSBT EF EFTBSSPMMP NVOJDJQBM
VSCBOrTUJDP
BNCJFOUBM
DVMUVSBM
EFQPSUJWP
FUD
PQBSBTVQMJSMBTEFDJFODJBTZ
BVTFODJBTEFMHPCJFSOPEFMBSFQ|CMJDB
PCMJHBEPDPNPFTUgBDVN
QMJSDPOFMEFCFSJOEFDMJOBCMF "SU
$O
EFPGSFDFSFEVDBDJwOEF
DBMJEBEBMBOJvF[ZBMBKVWFOUVEEFMQBrT
C-PTDPOWFOJPTSNBEPTQPSFM.JOJTUSPEF&EVDBDJwOZMPTBM
DBMEFT NVOJDJQBMFT
TPO EF SFQBSUJDJwO OBODJFSB EF PCMJHBDJPOFT
FOUSFFM&TUBEPZMPTHPCJFSOPTNVOJDJQBMFTSFTQFDUPEFMBSFTQPOTB
CJMJEBEEFMQSJNFSPEFOBODJBSMBFEVDBDJwOEFMBQPCMBDJwOFNQP
CSFDJEBEFMQBrT
EFBDVFSEPDPOFM"SUEFMB$POTUJUVDJwO1PMrUJDB
EFMQBrT
D2VFMBTBMDBMErBTDPNQBSUBODPOFM.&$%MBHFTUJwOFEVDBUJWB
TJHOJDBDPNQBSUJSMPTDPTUPTEFMBFEVDBDJwO
E 2Vn BSUrDVMP EF MB -FZ EF .VOJDJQJPT PCMJHB B MPT HPCJFSOPT
NVOJDJQBMFTBDVNQMJSSFTQPOTBCJMJEBEFTRVFMB$POTUJUVDJwO1PMrUJDB
UBYBUJWBNFOUFBTJHOBBMHPCJFSOPEFMBSFQ|CMJDB
F &M DBTP EFM .VOJDJQJP 5VNB -B %BMJB
VOP EF MPT NVOJDJQJPT
NgTQPCSFTEFMQBrT
FTFMDBTPEFMBNBZPSrBPEFUPEPTMPTNV
OJDJQJPT TVKFUPT B MPT $POWFOJPT EF NVOJDJQBMJ[BDJwO P FT FM DBTP
EFMBNBZPSrBEFMPTNVOJDJQJPTEFMQBrT
JOEFQFOEJFOUFNFOUFRVF
TFBOPOPTFBOQBSUJDJQBOUFTEFM1SPHSBNBEF.VOJDJQBMJ[BDJwOEF
MBFEVDBDJwO
G)BZDPODJFODJBFOMPTHPCJFSOPTNVOJDJQBMFTZFOMB"TPDJBDJwO
EF.VOJDJQJPTEF/JDBSBHVB ".6/*$
EFRVFNJFOUSBT
QPSVOMBEP
FMHPCJFSOPEFMBSFQ|CMJDBQPSMFZUSBOTFSFBMBTNVOJDJQBMJEBEFT
.JHVFMEF$BTUJMMB6SCJOB
VOBEFUFSNJOBEBDBOUJEBEEFEJOFSPQBSBFMEFTBSSPMMPEFMPTNVOJDJ
QJPT
QPSPUSPMBEP
FTBTUSBOTGFSFODJBTFTUgOTJSWJFOEPQBSBOBODJBS
SVCSPTZUBSFBTRVFTPOSFTQPOTBCJMJEBEJOEFDMJOBCMFEFM&TUBEP
"MNFOPTFOFMDBTPEFM.VOJDJQJP5VNB-B%BMJB
MPTQPCSFT
RVF
TPO MB NBZPSrB
QBHBO USFT WFDFT QPS MB FEVDBDJwO EF TVT IJKPT
QBHBOTVTJNQVFTUPT *7"
DVBOEPDPNQSBOVOBDBNJTBPVOBCP
UFMMBEFSFGSFTDP
QBHBOTVTDVPUBTWPMVOUBSJBTQPSNBUSJDVMBSZ
NBOUFOFSBTVTIJKPTFOMBFTDVFMBZ
QBHBOTVTJNQVFTUPTNVOJ
DJQBMFT
QSPQJPTEFDBEBBMDBMErB
DVBOEPWBOBSFBMJ[BSTVTUSBOTBD
DJPOFTDJVEBEBOBT
&TFTUFVOFYDFMFOUFUFNBQBSBRVFPSHBOJTNPTJOEFQFOEJFOUFTZ
MB1SPDVSBEVSrBEF%FGFOTBEFMPT%FSFDIPT)VNBOPTSFBMJDFOQSPDF
TPTEFPCTFSWBDJwOZTDBMJ[BDJwOFOMPTNVOJDJQJPT
BOEFDPOPDFS
FMHSBEPFORVFTFWVMOFSBFMEFSFDIPBMBFEVDBDJwOFOFTUBFTGFSB
1SPHSBNBTTVQMFNFOUBSJPT
$POUSBEJDUPSJBNFOUF
PSHBOJTNPTOPHVCFSOBNFOUBMFTFVSPQFPT
DPNP4BWF5IF$IJMESFO
"ZVEBFO"DDJwO
FUD
MB6OJwO&VSPQFBZ
PUSPT PSHBOJTNPT OPSUFBNFSJDBOPT DPNP "*% Z FM #BODP .VOEJBM
RVFQBUSPDJOBOFMNPEFMPQSJWBUJ[BEPSEFMBFEVDBDJwO
QBSBSFEV
DJSTVTEFWBTUBEPSBTDPOTFDVFODJBTZIBDFSBUSBDUJWBTMBTFTDVFMBT
BOUFMPTPKPTEFMBTFNQPCSFDJEBTGBNJMJBT
QFSJwEJDBNFOUFOBODJBO
DBNQBvBTQBSBPCTFRVJBSBMPTBMVNOPTBMNVFS[PTFTDPMBSFT
HBMMF
UBTOVUSJUJWBTDPOMFDIFFOQPMWPPNPDIJMBTDPO|UJMFTFTDPMBSFT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
TPCSFMBCBTFEFMDSJUFSJPEFBDFQUBCJMJEBE
%FBDVFSEPDPO,BUFSJOB5PNBTFWTLJ&MEFSFDIPBMBFEVDBDJwO
QPS TV QSPQJP DBSgDUFS FYJHF MB SFHMBNFOUBDJwO EFM &TUBEP
MB RVF
QVFEFWBSJBSFOEJWFSTPTNPNFOUPTZMVHBSFT
TFH|OMBTOFDFTJEB
EFTZSFDVSTPTEFMBDPNVOJEBEZEFMPTQBSUJDVMBSFT&M&TUBEPFTUg
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
PCMJHBEP B BTFHVSBSTF EF RVF UPEBT MBT FTDVFMBT TF BKVTUFO B MPT
DSJUFSJPT NrOJNPT RVF IB FMBCPSBEP Z B DFSDJPSBSTF EF RVF MB FEV
DBDJwO TFB BDFQUBCMF UBOUP QBSB MPT QBESFT DPNP QBSB MPT OJvPT
5PNBTFWTLJ
Q
6OBFEVDBDJwOBDFQUBCMFQBSBUPEPT
QBSBMBQFSTPOBRVFBQSFO
EFTFH|OTVTOFDFTJEBEFT
QBSBTVGBNJMJB
QBSBMPTFNQMFBEPSFTZ
QBSBMBDPNVOJEBEBRVFQFSUFOFDF
FTVOBFEVDBDJwOEFDBMJEBE&O
FTUFTFOUJEP
MPT&TUBEPTOPTwMPEFCFODSFBSMBTDPOEJDJPOFTEFEJT
QPOJCJMJEBE
GVOEBOEPZNBOUFOJFOEPMPTDFOUSPTFEVDBUJWPTEPOEF
TFMFTOFDFTJUF
ZQSPNPWFSUPEPTMPTNFDBOJTNPTQBSBQFSNJUJSMB
BDDFTJCJMJEBEEFMPTFTUVEJBOUFTBMPTNJTNPT
TJOPRVFUBNCJnOEF
CFOQSPDVSBSRVFMBFOTFvBO[BRVFTFPGSF[DBFOFTPTDFOUSPTTFB
EFMBNFKPSDBMJEBE
DVNQMJFOEPMPTSFRVJTJUPTNrOJNPTEFBDFQUBCJ
MJEBEQBSBUPEPT
-PTSFTVMUBEPTEFMBTQSVFCBTFTUBOEBSJ[BEBT
&O "NnSJDB -BUJOB B NFEJBEPT EF MPT BvPT PDIFOUB
FO
$FOUSPBNnSJDBBNFEJBEPTEFMPTOPWFOUBZFO/JDBSBHVBFOFMBvP
TFEJPJOJDJPBMQSPDFTPEFFTUBCMFDJNJFOUPEFFTUgOEBSFTEF
BQSFOEJ[BKFT
TFH|OFMHSBEPPOJWFMFTDPMBSRVFDVSTBFMFTUVEJBOUF
&MFTUgOEBSEFOFUBOUPMBDBOUJEBEZDBMJEBEEFMBJOGPSNBDJwODPNP
MPT QSPDFTPT EF BQSFOEJ[BKF RVF EFCF BMDBO[BS FM FTUVEJBOUF QBSB
VCJDgSTFMFFOVOOJWFMEFUFSNJOBEP&OFMBvP
MPTFTUgOEBSFT
TFFTUBCMFDJFSPOQBSBFMOJWFMEFFEVDBDJwOQSJNBSJBFOMBTBTJHOB
UVSBTTJHVJFOUFTFTQBvPM
NBUFNgUJDBT
FTUVEJPTTPDJBMFT
DJFODJBT
OBUVSBMFT
FEVDBDJwO FTUnUJDB
JEJPNB FYUSBOKFSP
NPSBM Z DrWJDB Z
FEVDBDJwOGrTJDB&MBvPGVFBvPEFFYQFSJNFOUBDJwOZFM
GVFEFHFOFSBMJ[BDJwOBUPEPFMTJTUFNBFTDPMBS
"Tr
TPCSFMBCBTFEFMQSPDFTPEFFTUBCMFDJNJFOUPEFMPTFTUgOEB
SFTFOFMBvP
FOOPWJFNCSFEFM
BOFTEFMBvPFTDPMBS
QPSQSJNFSBWF[FOMBIJTUPSJBEFMBFEVDBDJwOOJDBSBHFOTFTFBENJ
OJTUSwVOBQSVFCBBVOBNVFTUSBEFFTUVEJBOUFTEFUFSDFSPZTFYUP
HSBEPEFQSJNBSJBEFUPEPFMQBrTFOMBTBTJHOBUVSBTEFNBUFNgUJDBT
ZFTQBvPM
EgOEPTFBDPOPDFSMPTSFTVMUBEPTBOFTEFMBvP
.JHVFMEF$BTUJMMB6SCJOB
-BNFUPEPMPHrBEFBOgMJTJTTFMFDDJPOBEBQFSNJUJwBHSVQBSFOUSFT
OJWFMFT MPT SFTVMUBEPT PCUFOJEPT CgTJDP
JOUFSNFEJP Z QSPDJFOUF
-BTDPODMVTJPOFTSFTQFDUPEFDBEBVOPEFFTUPTOJWFMFT
EFBDVFS
EPDPOMBTSFTQVFTUBTRVFMPTFTUVEJBOUFTPGSFDJFSPOBMBTQSVFCBT
GVFSPOMBTTJHVJFOUFT
B/JWFMCgTJDP&MFTUVEJBOUFEFNVFTUSBQPDPEPNJOJPEFMPTDPO
UFOJEPTEFMBQSVFCB5JFOFnYJUPDPOMBNBZPSrBEFrUFNNVZGgDJMFT
ZDPOBMHVOPTGgDJMFTZQPDPnYJUPPOJOHVOPDPOMPTrUFNEJGrDJMFT
%PNJOJPSFTUSJOHJEPEFMPTDPOUFOJEPT
C/JWFMJOUFSNFEJP&MFTUVEJBOUFEFNVFTUSBEPNJOJPQBSDJBMEF
MPT DPOUFOJEPT EF MB QSVFCB 4F PCTFSWB VO nYJUP QBSDJBM
DPO SFO
EJNJFOUP JODPOTJTUFOUF FO MPT DPOUFOJEPT NFEJEPT
EFTEF BMHVOPT
IBTUBMBNBZPSrBEFMPTGgDJMFTZEFTEFVOPBOJOHVOPEFMPTEJGrDJMFT
%PNJOJPQBSDJBMEFMPTDPOUFOJEPT
D1SPDJFOUF&MFTUVEJBOUFEFNVFTUSBEPNJOJPEFMPTDPOUFOJEPT
NFEJEPTFOMBNBZPSQBSUFEFMBQSVFCB5JFOFnYJUPEFTEFBMHVOPT
IBTUBMBNBZPSrBEFDPOUFOJEPTEJGrDJMFTZDPOMBNBZPSrBPUPEPTMPT
DPOUFOJEPTGgDJMFT .&$%
Q
&O HFOFSBM
MPT SFTVMUBEPT NVFTUSBO RVF MB NBZPSrB EF MPT FT
UVEJBOUFTQBSUJDJQBOUFTFOMBQSVFCBUJFOFOVOEPNJOJPCBKPPNVZ
CBKPEFMPTDPOUFOJEPTEFNBUFNgUJDBTZFTQBvPMTPCSFMPTDVBMFT
TFMFTQSFHVOUw-PTSFTVMUBEPTTPOVOBGPUPHSBGrBEFMBDBMJEBEEF
MBFEVDBDJwOFO/JDBSBHVBZ
QPSFOEF
EFMPTCBKPTOJWFMFTEFBDFQ
UBCJMJEBE EF MB FEVDBDJwO QPS QBSUF EF MPT FTUVEJBOUFT
QBESFT EF
GBNJMJBZTPDJFEBEFOHFOFSBM4POUBNCJnO
FMQVOUPEFMMFHBEBEFMB
QSPCMnNJDBJOUFHSBEBQPSFMCBKPQSFTVQVFTUPQBSBMBFEVDBDJwO
MPT
BMUPTrOEJDFTEFFNQJSJTNP CBKBUJUVMBDJwOZCBKBQSFQBSBDJwO
MPT
CBKPTTVFMEPTEFMNBHJTUFSJPOBDJPOBMZMBTNBMBTDPOEJDJPOFTEFMBT
QMBOUBTGrTJDBT
FOTVNB
EFMPTCBKPTOJWFMFTEFEJTQPOJCJMJEBEQBSB
TBUJTGBDFSFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
4FH|O HSBEPT EFM OJWFM QSJNBSJP UFSDFSP Z TFYUP
Z BTJHOBUVSBT
FYBNJOBEBT
MPTSFTVMUBEPTGVFSPOFOUFSDFSHSBEP
FONBUFNgUJDBT
FM
QPSDJFOUPEFMPTBMVNOPTPCUVWPVOSFTVMUBEPCgTJDP
FM
QPSDJFOUPJOUFSNFEJPZTwMP
QPSDJFOUPQSPDJFOUF&OFTQBvPM
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
MPTSFTVMUBEPTGVFSPOQFPSFTZBRVFTPMBNFOUFFM
QPSDJFOUPEF
MPTBMVNOPTPCUVWJFSPOVOSFTVMUBEPQSPDJFOUF
FM
QPSDJFOUP
JOUFSNFEJPZFM
QPSDJFOUPCgTJDP
Tabla 15
Rendimiento nacional en tercer grado
Bsico
Intermedio
Proficiente
61,7
71,2
24,4
21,1
13,9
7,7
Matemticas
Espaol
Fuente: Ministerio de Educacin, Cultura y Deporte (MECD), Informe de Resultados 2002, Managua,
septiembre 2003.
-PTSFTVMUBEPTFOFMTFYUPHSBEPGVFSPOMPTTJHVJFOUFTFONBUF
NgUJDBT
FM
QPSDJFOUPEFMPTFTUVEJBOUFTPCUVWPMBDBMJDBDJwO
CgTJDP
FM
QPSDJFOUPVOOJWFMJOUFSNFEJPZTwMP
QPSDJFOUPEF
MPTFTUVEJBOUFTPCUVWJFSPOQSPDJFODJB&OFTQBvPM
FM
QPSDJFO
UPEFMPTBMVNOPTBMDBO[wMBDMBTJDBDJwOEFQSPDJFOUF
FM
QPS
DJFOUPFMOJWFMJOUFSNFEJPZFM
QPSDJFOUPFMOJWFMCgTJDP
Tabla 16
Rendimiento nacional en sexto grado
Matemticas
Espaol
Bsico
Intermedio
Proficiente
88,1
69,7
10,8
25,2
1,1
5,1
Fuente: Ministerio de Educacin, Cultura y Deporte (MECD), Informe de Resultados 2002, Managua,
septiembre 2003.
&OMPRVFTFSFFSFBMBSFMBDJwOFOUSFFTUPTSFTVMUBEPTZMBQPCSF
[BEFMBTGBNJMJBTEFEPOEFQSPWJFOFOMPTFTUVEJBOUFTOJDBSBHFO
TFT
0TDBS3FOn7BSHBT
CBTgOEPTFFOEBUPTEFMB%JSFDDJwO(FOFSBM
EF1SPTQFDDJwOEFM.&$%
MMFHBBMBTDPODMVTJPOFTTJHVJFOUFT
&O MBT NBUFNgUJDBT EF UFSDFSP Z TFYUP HSBEP
TF PCTFSWB RVF
NgTFTUVEJBOUFTEFMBTFTDVFMBTQ|CMJDBTTFVCJDBOFOFMOJWFMJOGF
.JHVFMEF$BTUJMMB6SCJOB
Bsico
Intermedio
Proficiente
88,1
91,8
10,8
7,7
1,1
0,5
Fuente: Ministerio de Educacin, Cultura y Deporte (MECD), Informe de Resultados 2002, Managua,
septiembre 2003.
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-BQSVFCBOBDJPOBMEFMBvPGVFBENJOJTUSBEBBFTUVEJBOUFT
EF UFSDFSP Z TFYUP HSBEP EF QSJNBSJB /P PCTUBOUF
MB DPNVOJEBE
FEVDBUJWBOJDBSBHFOTF
BOUFTEFFTFBvP
ZBDPOUBCBDPOVODPO
KVOUPEFEBUPTRVFMFQFSNJUrBTVQPOFSMBTJUVBDJwOEFMBDBMJEBEFEV
DBUJWB-PTEBUPTMPTQSPQPSDJPOBCBOZQSPQPSDJPOBOBOVBMNFOUFMBT
VOJWFSTJEBEFTQ|CMJDBT
ZTPOFMQSPEVDUPEFMPTMMBNBEPTFYgNFOFT
EFBENJTJwORVFTFMFTQSBDUJDBOBMPTFTUVEJBOUFTRVF
EFTQVnTEF
CBDIJMMFSBSTF
EFTFBOJOHSFTBSBFTUPTDFOUSPTEFFTUVEJPT-PTDVFT
UJPOBSJPTEFFTUBTQSVFCBTTPOFMBCPSBEPTTPCSFMBCBTFEFMPTQSP
HSBNBTEFFTUVEJPPDJBMFTEFM.JOJTUFSJPEF&EVDBDJwOQBSBFM/JWFM
EF&EVDBDJwO4FDVOEBSJB&OFMBvP
EFFTUVEJBOUFTRVF
SFBMJ[BSPOTVFYBNFOQBSBJOHSFTBSBMBNBZPSEFMBTVOJWFSTJEBEFT
OJDBSBHFOTFT
MB6/"/.BOBHVB
TwMPFTUVEJBOUFTBQSPCBSPOMB
QSVFCBEF.BUFNgUJDBTZMBEF&TQBvPM
-BTCSFDIBTEFSFQJUFODJBZBCBOEPOPFTDPMBS
+VOUP DPO MB FWBMVBDJwO EFM QSPDFTP EF DPOTUSVDDJwO EF VOPT
BQSFOEJ[BKFT RVF OP MPHSBO BMDBO[BS MB DBMJEBE NrOJNB SFRVFSJEB
FYJTUFOPUSPTJOEJDBEPSFTRVFQFSNJUFODBSBDUFSJ[BSMBDBMJEBEEFMB
FEVDBDJwOZTVBDFQUBCJMJEBETPOMBTUBTBTEFSFQJUFODJBZEFBCBO
EPOPFTDPMBS
6OBEFMBTDBSBDUFSrTUJDBTEFMBFEVDBDJwOFTDPMBSOJDBSBHFOTF
SFTQFDUPEFMBTUBTBTEFSFQFUJDJwO
BCBOEPOPZQSPNPDJwO
FTRVF
MBTNgTBMUBTUBTBTTFVCJDBOFOMPTQSJNFSPTDVBUSPHSBEPTEFFTUF
OJWFMFEVDBUJWP1PSUBMNPUJWP
FM.JOJTUFSJPEFMBSBNBFEVDBUJWBIB
UPNBEPNFEJEBTRVFCVTDBOEJTNJOVJSFTBTDJGSBT
MPRVFIBEBEP
DPNPSFTVMUBEPRVFMBUBTBEFSFQFUJDJwOEFMQSJNFSHSBEPQBTBSBEFM
QPSDJFOUPFOBM
QPSDJFOUPFO
&MQSPDFTPRVFQFSNJUJwBMDBO[BSFTUFMPHSPDVBOUJUBUJWPFTFMTJ
HVJFOUFB
FOUSFZ
MBTUBTBTEFSFQFUJDJwOEFDSFDFOEFM
QPS DJFOUP BM
QPS DJFOUP
FT EFDJS
TF MPHSB VO
QPS
DJFOUPEFEFDSFDJNJFOUPFOVOQFSrPEPEFTFJTBvPTC
FOFTFMBQ
TP
FM .JOJTUFSJP EF &EVDBDJwO SFBMJ[B FM QJMPUBKF EF FTUSBUFHJBT EF
QSPNPDJwOBVUPNgUJDBFTQFDJBMNFOUFFOFMQSJNFSHSBEPD
BMJOJDJBS
QPS%FDSFUP.JOJTUFSJBMTFFTUBCMFDFRVFUPEPTMPTOJvPTZOJvBT
.JHVFMEF$BTUJMMB6SCJOB
NBUSJDVMBEPTFOQSJNFSHSBEPTFSgOQSPNPWJEPTBVUPNgUJDBNFOUF
BMTFHVOEPHSBEPUFOJnOEPTFDPNPSFTVMUBEPGVFMBSFEVDDJwOEFM
QPSDJFOUPEFMBUBTBEFSFQJUFODJBFOFTFHSBEP
QBTBOEPEFM
QPSDJFOUPFOBM
QPSDJFOUPFO*HVBMNFEJEBTFUPNw
QBSBFMTFHVOEPZUFSDFSHSBEPEFFTFBvP
DPOMPDVBMMBTUBTBTEF
SFUFODJwOQBTBSPOEFM
QPSDJFOUPBM
FOUSFZIBT
UBBMDBO[BSFM
QPSDJFOUPEFB
QBSBFMTFHVOEPHSBEP
1BSBFMUFSDFSHSBEPGVFJHVBMTFQBTwEFM
QPSDJFOUPFO
BM
QPSDJFOUPFO WnBTFUBCMB
Tabla 18
Tasas de repitencia por grado
Aos
Primero
Segundo
Tercero
Cuarto
Quinto
Sexto
1990
1991
1992
1993
1994
1995
1996
1997
1998
29,51
28,31
28,70
26,62
26,03
23,39
22,40
11,66
7,50
13,91
14,43
15,00
13,78
14,36
14,27
12,29
8,59
3,55
12,71
12,98
12,60
11,80
11,73
11,00
10,85
7,67
4,04
10,09
9,59
9,70
8,89
8,27
8,35
8,07
6,47
3,54
9,15
8,19
8,10
7,25
7,49
6,88
6,68
5,23
2,70
6,34
5,67
5,70
4,54
4,34
3,73
3,14
2,59
1,67
-BTUBTBTEFBCBOEPOPZQSPNPDJwOTFH|OHSBEPZBvPTFDPN
QMFNFOUBO WnBOTFDVBESPTEFBCBOEPOPQBSBFMQFSrPEP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
Tabla 19
Tasas de abandono por grado
Aos
Primero
Segundo
Tercero
Cuarto
Quinto
Sexto
1990
991
1992
1993
1994
1995
1996
1997
1998
23,47
22,68
17,87
17,37
18,87
21,20
20,92
23,71
21,91
7,53
7,35
6,44
8,80
6,45
9,24
7,04
9,10
12,29
9,76
11,62
10,24
1,42
12,08
13,69
10,80
11,41
11,60
11,91
13,96
11,40
11,98
14,12
16,48
13,99
15,99
15,30
10,85
12,87
10,38
9,69
11,74
13,13
10,70
12,04
11,51
0
0
0
0
0
0
0
0
0
-PTrOEJDFTEFSFUFODJwOQBSBMBTFDVOEBSJBEJVSOB
JHVBMRVFMPT
rOEJDFTEFDSFDJNJFOUP
NFKPSBSPOFO
QVOUPTQPSDFOUVBMFTFOUSF
ZZFMrOEJDFEFBQSPCBDJwOQBTwEF
QPSDJFOUPFO
B
QPSDJFOUPFOIBTUBBMDBO[BSFM
QPSDJFOUPFO
"FTUFOJWFMFEVDBUJWPQFSUFOFDFODFOUSPTEFFEVDBDJwOTFDVOEBSJB
Q|CMJDPTZQSJWBEPT-PTEBUPTOPTFQSFTFOUBOEJTDSJNJOBEPTQPSMB
JNQPTJCJMJEBEEFPCUFOFSMPTEFMBPDJOBSFTQFDUJWB-BTFDVOEBSJB
OPDUVSOB
RVFFTMBFEVDBDJwOEFFTUFOJWFMFEVDBUJWPBMRVFBDDFEFO
FTQFDJBMNFOUFMPTKwWFOFTUSBCBKBEPSFTVSCBOPT
QSFTFOUBEBUPTEF
NFOPSDVBOUrBRVFMBTFDVOEBSJBEJVSOB-PTrOEJDFTEFSFUFODJwOFO
FTUFUJQPEFFEVDBDJwOQBTBSPOEFM
QPSDJFOUPFOBM
FO
DPO PTDJMBDJPOFT FO UPEP FM QFSrPEP
IBTUB EFTDFOEFS BM
FO
FMNFOPSrOEJDFEFMQFSrPEP
$PO SFTQFDUP B MB VCJDBDJwO FO MB FTUSVDUVSB TPDJBM EF DMBTFT Z
UFSSJUPSJBMEFMPTSFQJUFOUFTZEFMPTRVFNgTBCBOEPOBOMBTFTDVFMBT
FM.JOJTUFSJPEF&EVDBDJwOFOTVJOGPSNFEFMBSNBRVF-PT
GFOwNFOPTEFMBEFTFSDJwOZSFQJUFODJBBGFDUBOFONBZPSNFEJEBB
MPT FTUVEJBOUFT EF MBT [POBT SVSBMFT &MMP FYQMJDB FO QBSUF RVF MPT
BvPT EF FTUVEJP QSPNFEJP EF MBT QFSTPOBT EFM gSFB VSCBOB EVQMJ
RVFOFMQSPNFEJPEFMgSFBSVSBM
.JHVFMEF$BTUJMMB6SCJOB
1BSBMPTEJGFSFOUFTQSPHSBNBTMBEFTFSDJwOBGFDUBNgTBMPTOJ
vPTRVFBMBTOJvBT
MPDVBMQVFEFTFSFYQMJDBEPFOQBSUFEFCJEPB
VOBNBZPSQSFTJwOGBNJMJBSFOMPTOJvPTSFTQFDUPBMBOFDFTJEBEEF
JODPSQPSBSTFBFEBEFTUFNQSBOBTBMNFSDBEPMBCPSBM
DPOSNBOEP
MPTIBMMB[HPTEFMB&ODVFTUBEF5SBCBKP*OGBOUJMZ"EPMFTDFOUF &/5*"
DPOSFTQFDUPBRVFFMUSBCBKPJOGBOUJMJNQJEFRVFMPTOJvPTBTJT
UBOBDMBTFTZBGFDUBNBZPSJUBSJBNFOUFBMPTOJvPTRVFUSBCBKBONgT
IPSBT IPSBT
"MFTUJNBSMBGVODJwOEFTPCSFWJWFODJBFTDPMBS TPCSFMBCBTFEF
MB &./7
TF FODVFOUSB RVF MPT OJvPT QSPWFOJFOUFT EF IPHB
SFTQPCSFTZQPCSFTFYUSFNPTQSFTFOUBONFOPSFTQSPCBCJMJEBEFTEF
QFSNBOFDFSFOFMTJTUFNBFEVDBUJWP%FNBOFSBRVFMBTQSPCBCJMJEB
EFTEFUFSNJOBSMBQSJNBSJBFOTFJTBvPTQBSBMPTOJvPTQSPDFEFOUFT
EF IPHBSFT OP QPCSFT
QPCSFT Z QPCSFT FYUSFNPT DPSSFTQPOEFO B
Z
SFTQFDUJWBNFOUF .&$%
Q
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
TPCSFMBCBTFEFMDSJUFSJPEFBEBQUBCJMJEBE
&OFMEFDFOJPEFMBTQSFTJPOFTDPOUSBEJDUPSJBTEFMBNVO
EJBMJ[BDJwOZMBMPDBMJ[BDJwOBEWFSUJEBTIBOBVNFOUBEPMBOFDFTJEBE
EF MB BEBQUBCJMJEBE &M QSPCMFNB RVF TF QMBOUFB FT IBDFS RVF MB
FEVDBDJwOSFTQPOEBBMBSFBMJEBEJONFEJBUBBRVFIBDFOGSFOUFMPT
OJvPTFOTVQSPQJBDPNVOJEBEBTrDPNPFOMBTSFBMJEBEFTNVOEJBMFT
FOSgQJEBFWPMVDJwO 5PNBTFWTLJ
Q
"EBQUBCJMJEBE
FOFTUFTFOUJEP
FTMBDPOEJDJwOQBSBRVFMBFEV
DBDJwOSFTQPOEBBMBTOFDFTJEBEFT
JOUFSFTFTZFYQFDUBUJWBTEFMPT
FTUVEJBOUFTZTVTGBNJMJBT
FOFTQFDJBM
MBTSFMBDJPOBEBTDPOTVTDP
NVOJEBEFTZTVQBrT
4PCSF FTUF UFNB
FOUSF MPT NFTFT EF BHPTUP Z PDUVCSF EFM BvP
FM*OTUJUVUPEF&EVDBDJwOEFMB6OJWFSTJEBE$FOUSPBNFSJDBOB
9BCJFS (PSPTUJBHB *%&6$"
Z FM 'PSP EF &EVDBDJwO Z %FTBSSPMMP
)VNBOP EF MB *OJDJBUJWB QPS /JDBSBHVB '&%)*1/
SFBMJ[BSPO VO
FTUVEJPFOFMNBSDPEFM1SPHSBNBEF0CTFSWBUPSJPEFMB&EVDBDJwO
/JDBSBHFOTF EFTEF MB 4PDJFEBE $JWJM
%F $BTUJMMB
QQ
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
SFMBDJPOBEP DPO MB FKFDVDJwO EFM 1MBO /BDJPOBM EF &EVDBDJwO
FMBCPSBEPFOUSFZFMBvPZEBEPBDPOPDFS
FONBS[PEFM
ZTPCSFFMDVNQMJNJFOUPEFMPTTFJT0CKFUJWPTEF
%BLBS
FOMBFEVDBDJwOOJDBSBHFOTF&MFTUVEJPJODMVZw
BTQFDUPTSFMBDJPOBEPTDPOMBDBMJEBEEFMBFOTFvBO[BZFMTFOUJEPZ
DPOUFOJEPEFMBBEBQUBCJMJEBEQSPQVFTUPQPS5PNBTFWTLJ
FOFTQF
DJBMBRVFMMPTRVFQSPDVSBORVFMBFOTFvBO[BZFMDVSSrDVMPTFBOBEF
DVBEPTBMBTOFDFTJEBEFTEFMFOUPSOPFDPOwNJDP
TPDJBMZDVMUVSBMFO
RVFUSBOTJUBMBFYJTUFODJBEFMPTFTUVEJBOUFT
4PCSFFM1MBO/BDJPOBMEF&EVDBDJwO
-PTJOEJDBEPSFTZQSFHVOUBTEJSFDUSJDFTRVFTFGPSNVMBSPOQBSB
PCTFSWBSFMDVNQMJNJFOUPEFM1MBO/BDJPOBMEF&EVDBDJwOFOMPSF
MBUJWPBMDSJUFSJPEFBEBQUBCJMJEBETFGVOEBNFOUBSPOFOBMHVOPTEF
MPT PCKFUJWPT Z FTUSBUFHJBT EFM NJTNP WJODVMBEPT DPO MB $BMJEBE Z
3FMFWBODJBEFMPT"QSFOEJ[BKFT
1SJNFSPCKFUJWP
&OFTUFPSEFO
FMQSJNFSPCKFUJWPEFM1MBO/BDJPOBMEF&EVDBDJwO
DPO SFTQFDUP B MB DBMJEBE Z SFMFWBODJB EF MPT BQSFOEJ[BKFT EJDF
-PHSBS VOB FEVDBDJwO SFMFWBOUF QBSB MB WJEB
UPNBOEP FO DVFOUB
MBTDPOEJDJPOFTEFMQBrTZCVTDBOEPMBTVQFSBDJwOEFMBTNJTNBTQPS
NFEJP EF VO OVFWP 4JTUFNB /BDJPOBM EF &EVDBDJwO %JWFSTJDBEP
RVFQFSNJUBBUPEPTMPTOJWFMFTDFSSBSMBTCSFDIBTFOUSFMBFEVDBDJwO
ZMBTBQMJDBDJPOFTBMUSBCBKP
BMBTVQFSBDJwOEFMBQPCSF[BZBMFKFSDJ
DJPEFNPDSgUJDPZDPNVOJUBSJP 1/&
Q
B$POGPSNFFMDPOUFOJEPEFFTUFPCKFUJWP
FMQSJNFSBTQFDUPTPCSF
FMDVBMTFEFDJEJwDPOTVMUBSGVFFMTJHVJFOUFQSPHSBNBTEFFTUVEJPT
SFGPSNBEPTFOMPTEJTUJOUPTOJWFMFTFEVDBUJWPTEFTEFMBQFSTQFDUJWB
EFFEVDBDJwOQBSBMBWJEBZFMUSBCBKPZRVFDVFOUBODPOTBMJEBTMBUF
SBMFTBPUSBTPQDJPOFTFEVDBUJWBT
$PO SFTQFDUP B FTUF JOEJDBEPS
FM 0CTFSWBUPSJP JOEBHB TPCSF MB
JOUSPEVDDJwOEFSFGPSNBTBMDVSSrDVMPRVFBQVOUBOBMBDPOTUSVDDJwO
.JHVFMEF$BTUJMMB6SCJOB
ZEFTBSSPMMPEFBQSFOEJ[BKFTSFMFWBOUFTRVFQPTJCJMJUFOBMPTFEVDBO
EPT FOGSFOUBSTF DPO nYJUP BOUF MPT EFTBGrPT EF MB WJEB Z RVF DBEB
VOPMMFHVFBTFSTVKFUPBDUPSQPTJUJWPQBSBMBDPNVOJEBEZFMQBrT
$BMJEBEZ3FMFWBODJBEFMPT"QSFOEJ[BKFT
1/&
Q
-BT SFTQVFTUBT EF MBT QFSTPOBT DPOTVMUBEBT FO MPT DFOUSPT
FEVDBUJWPTPCTFSWBEPT
EFMPTEFQBSUBNFOUPTEFMQBrTQBSUJDJQBO
UFTEFMBDPOTVMUB
GVFSPOMBTRVFTFDPOTJHOBOFOMBUBCMB
Tabla 20
Centros de estudios donde se han reformado o no se
han reformado programas de estudio
N
Departamento
Centros observados
S
1
2
3
4
5
6
7
8
9
10
11
Promedio
Rivas
Granada
Masaya
Carazo
Managua
Len
Chontales
Ro San Juan
Estel
Madriz
Nueva Segovia
14
14
15
10
39
15
19
15
10
15
15
181
40%
43%
33%
0%
46%
60%
33%
0%
20%
0%
0%
25%
Respuesta
No
60%
57%
67%
100%
54%
40%
67%
100%
80%
100%
100%
75%
&OMPTEFQBSUBNFOUPTJODMVJEPTFOMBNVFTUSB
TFJOGPSNwRVFFO
FMEFMPT$FOUSPT&EVDBUJWPTTFIBOSFGPSNBEPMPTQSPHSBNBT
EFFTUVEJPEFTEFMBQFSTQFDUJWBEF&EVDBDJwOQBSBMBWJEBZFMUSB
CBKPTJOFNCBSHP
FONVZQPDPTDFOUSPTTFEFTBSSPMMBODPOUFOJEPT
RVFUPNFOFODVFOUBIBCJMJEBEFTMBCPSBMFTZEPNJOJPEFUnDOJDBTEF
DVMUJWPFOMBT[POBTSVSBMFT
RVFBQBSFDFOFOMPTFTUgOEBSEFTFYUP
HSBEPEFQSJNBSJB
&O-FwOTFPCTFSWwRVFIBZJOJDJBUJWBTEFUSBOTGPSNBDJwODVSSJDV
MBSRVFQPOFOFMnOGBTJTFOFYQFSJFODJBTEFTJUVBDJPOFTEFBQSFOEJ[B
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
KFFODVBOUPBTJFNCSBEFQMBOUBT&O(SBOBEBTFFODPOUSwBBMHVOPT
DFOUSPTDPOUBMMFSFT
MBCPSBUPSJPT
DBSQJOUFSrBZDPTUVSB&O$BSB[P
3rP4BO+VBO
.BESJ[Z/VFWB4FHPWJBOPTFPCTFSWBOQSgDUJDBTEF
DPOUFOJEPTDPOIBCJMJEBEFTQBSBMBWJEBMBCPSBMZUnDOJDB&OVO
EFMPTDFOUSPTEFFTUVEJPMPTFOUSFWJTUBEPTSFTQPOEFORVFOPIBO
TJEPSFGPSNBEPTMPTQSPHSBNBTEFTEFFTUBQFSTQFDUJWB
C &M TFHVOEP JOEJDBEPS PCTFSWBEP DPO SFTQFDUP BM PCKFUJWP EF
BMDBO[BSVOBFEVDBDJwOSFMFWBOUFQBSBMBWJEBGVF1SPZFDUPTZGB
DJMJEBEFTDPONFKPSBTFOFMFEJDJPZTVTFRVJQPT
QBSBJNQMFNFOUBS
VOBFOTFvBO[BDPOPSJFOUBDJwOZIBCJMJUBDJwOUnDOJDBMBCPSBM
&MJEFBMQFEBHwHJDPFTRVFDBEBDFOUSPFEVDBUJWPEFTQMJFHVFQSP
ZFDUPTRVFHBSBOUJDFODPOEJDJPOFTQFEBHwHJDBTBDPSEFTDPOMBJOOP
WBDJwO
MBFYQFSJNFOUBDJwOZMBJOWFTUJHBDJwO
QBSBGBDJMJUBSQSPDFTPT
EFBQSFOEJ[BKFRVFEFTBSSPMMFODBQBDJEBEFT
IBCJMJEBEFT
IgCJUPTZ
EFTUSF[BTFOMPTFEVDBOEPT
4FH|OEFQBSUBNFOUPT
FMQPSDFOUBKFEFDFOUSPTRVFUJFOFOPOP
UJFOFOQSPZFDUPTZGBDJMJEBEFTQBSBJNQMFNFOUBSVOBFOTFvBO[BDPO
PSJFOUBDJwOZIBCJMJUBDJwOUnDOJDPMBCPSBM
TPOMPTTJHVJFOUFT
.JHVFMEF$BTUJMMB6SCJOB
Tabla 21
Centros que tienen o no tienen proyectos y facilidades con mejoras
en el edificio y sus equipos
N
1
2
3
4
5
6
7
8
9
10
11
Promedio
Departamento
Centros observados
Respuestas
S
No
Rivas
Granada
Masaya
Carazo
Managua
Len
Chontales
Ro San Juan
Estel
Madriz
Nueva Segovia
14
14
15
10
39
15
19
15
10
15
15
181
8%
93%
33%
20%
34%
13%
35%
0%
20%
33%
13%
27%
92%
7%
67%
80%
66%
87%
65%
100%
80%
67%
87%
73%
&OMPTEFQBSUBNFOUPTQBSUJDJQBOUFTFOMBNVFTUSB
TFSFTQPO
EJwRVFVOEFMPTDFOUSPTFEVDBUJWPTOPUJFOFOQSPZFDUPTZGB
DJMJEBEFTDPONFKPSBTFOFMFEJDJPZTVTFRVJQPT
QBSBJNQMFNFOUBS
VOB FOTFvBO[B DPO PSJFOUBDJwO Z IBCJMJUBDJwO UnDOJDB MBCPSBM &O
VO EF MPT DFOUSPT PCTFSWBEPT
NBOJFTUBO UFOFS QSPZFDUPT Z
GBDJMJEBEFT /P PCTUBOUF
DVBOEP TF PCTFSWBSPO MPT 1SPHSBNBT EF
&TUVEJP FO &EVDBDJwO 1SJNBSJB Z TV DPSSFTQPOEJFOUF BQMJDBDJwO FO
FM DFOUSP FEVDBUJWP
UFOJFOEP FO DVFOUB FM VTP EF UFDOPMPHrB QBSB
NBOFKBSJOGPSNBDJwO
VUJMJ[BSQSPDFTPTCgTJDPTZBWBO[BEPTEFTJFN
CSBZDVMUJWP
ZFYQMJDBSFMDPOPDJNJFOUPFNQrSJDPZDJFOUrDPZTVT
QSPDFTPTZSFMBDJPOFTDPOMBDJFODJBZMBUFDOPMPHrB
TFQVTJFSPOEF
SFMJFWFFTDBTBTFYQFSJFODJBT
QSJODJQBMNFOUFQPSMBGBMUBEFSFDVSTPT
UFDOPMwHJDPTZQPSMBDBSFODJBEF1SPZFDUPT&EVDBUJWPTZ1SPZFDUPT
$VSSJDVMBSFTEF$FOUSPBTrDPNPEFFEJDJPTFTDPMBSFTDPOFTQBDJPT
QBSBQSBDUJDBSJOOPWBDJPOFTQFEBHwHJDBTBMBMDBODFEFUPEPT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
D &M UFSDFS BTQFDUP FTUVEJBEP GVF DFOUSPT DPO MBCPSBUPSJPT FO
VTP
FRVJQPT
NBUFSJBMFT EJEgDUJDPT Z UFYUPT FTDPMBSFT TVDJFOUFT
QBSBBQPZBSMBFOTFvBO[B
-BCBTFNBUFSJBMEFFTUVEJPFOMPT$FOUSPT&EVDBUJWPTFTJNQPS
UBOUFQBSBMBFOTFvBO[BZMPTBQSFOEJ[BKFT
ZBRVFQFSNJUFJOUFSBD
UVBSBMFTUVEJBOUFDPOIFSSBNJFOUBT|UJMFTQBSBBQSFOEFSBIBDFSZ
QBSBMPHSBSVOFTUVEJPFDB[
3FTQFDUPEFMBFYJTUFODJBPOPEFMBCPSBUPSJPT
NBUFSJBMFTEJEgD
UJDPT
FRVJQPT Z UFYUPT FTDPMBSFT
MB TJUVBDJwO PCTFSWBEB FT DPNP
TJHVF
Tabla 22
Porcentaje de centros que tienen o no tienen laboratorios, material didctico,
equipos y textos escolares suficientes
Centros
N Departamento observados
14
Laboratorios
S
Mat. didctico
No
No
0% 100%
58%
42%
Equipos
S
No
Textos
S No
1.
Rivas
2.
Granada
14
14%
86%
100%
0%
36%
3.
Masaya
15
13%
67%
93%
7%
7%
4.
Carazo
10
20%
80%
100%
0%
5.
Managua
39
9%
91%
88%
12%
32%
68%
93% 7%
6.
Len
15
7%
93%
60%
40%
13%
87%
67% 33%
7.
Chontales
19
0% 100%
65%
35%
20%
80%
85% 15%
8.
Ro San Juan
15
0% 100%
100%
0%
13%
87% 100% 0%
9.
Estel
93% 7%
80%
60%
40%
15
0% 100%
100%
0%
7%
15
0% 100%
100%
0%
0% 100% 100% 0%
84%
16%
181
20%
64% 100% 0%
93%
10. Madriz
Promedio
10
0% 100% 100% 0%
8%
92%
10% 90%
16%
60% 40%
93% 100% 0%
84%
91% 9%
&O MPT $FOUSPT EF &TUVEJP PCTFSWBEPT
TF DPOTUBUw RVF MB
CBTFNBUFSJBMEFFTUVEJPOPSFTQPOEFBMBTOFDFTJEBEFTEFQSPHSFTP
UFDOPMwHJDP
MPRVFOPGBWPSFDFMBDBMJEBEEFMBFEVDBDJwOPGSFDJEB
QPSMPTNJTNPT"Tr
FOFMEFMPT$FOUSPT&EVDBUJWPTTFDBSFDF
EFMBCPSBUPSJPTZFOFMFTUgOBVTFOUFTMPTFRVJQPT&MNBUFSJBM
EJEgDUJDPDPORVFEJTQPOFOMPTEPDFOUFTTPOCPSSBEPSZUJ[BZFOFM
.JHVFMEF$BTUJMMB6SCJOB
NFKPSEFMPTDBTPTNBSDBEPSQBSBQJ[BSSBBDSrMJDB"QFTBSRVFFOFM
EFMPT$FOUSPT&EVDBUJWPTQPTFFOMJCSPTEFUFYUP
FTUPTOPTF
BDPNQBvBOEFMBT(VrBT%JEgDUJDBTRVFQFSNJUBOBMNBFTUSPPSJFO
UBSTFFOTVUSBCBKP&M0CTFSWBUPSJPUBNCJnOJOEBHwTPCSFFMFTUBEP
EFMPTMBCPSBUPSJPT
FRVJQPT
NBUFSJBMEJEgDUJDPZUFYUPTFYJTUFOUFTZ
MPTSFTVMUBEPTGVFSPOMPTTJHVJFOUFT
Tabla 23
Estado de laboratorios, material didctico, equipos y libros de texto
N
1.
Rivas
2.
Granada
3.
Masaya
4.
Carazo
5.
Managua
6.
Len
7.
Chontales
8.
Ro San Juan
9.
Estel
10.
Madriz
11.
Nueva Segovia
Promedio
14
14
15
10
39
15
19
15
10
15
15
181
Bueno
Regular
Malo
Deficiente
58%
89%
73%
60%
41%
33%
60%
13%
20%
86%
20%
50%
42%
11%
27%
40%
32%
7%
25%
80%
60%
7%
80%
37%
18%
60%
5%
7%
20%
7%
11%
9%
10%
2%
4FHVOEPPCKFUJWP
&MTFHVOEPPCKFUJWPEFM1MBO/BDJPOBMEF&EVDBDJwO
SFGFSJEP B MB $BMJEBE Z 3FMFWBODJB EF MPT "QSFOEJ[BKFT FYQSFTB
3FEFOJSFMQBQFMEFMFTUVEJBOUF
EFTEFVOTVKFUPQBTJWPEFMBFEV
DBDJwOIBDJBVOFEVDBOEPRVFQBSUJDJQB
PCTFSWB
JOWFTUJHB
DPOTUSV
ZFZSFDPOTUSVZFFMDPOPDJNJFOUP
TPCSFMBCBTFEFTVTFYQFSJFODJBT
DSFBOEPZPGPSUBMFDJFOEPTVTDBQBDJEBEFT
IBCJMJEBEFTZEFTUSF[BT
RVFMFQFSNJUBOQBSUJDJQBSFOFMEFTBSSPMMPTPDJBM
FDPOwNJDP
DVMUV
SBMZQPMrUJDPEFTVQBrT
B$POGPSNFBMDPOUFOJEPEFFTUFPCKFUJWP
FOFMFTUVEJPEF*%&6$"
Z '&%)*1/ TF JOEBHw TPCSF MB QSPCMFNgUJDB TJHVJFOUF QSPGFTPSFT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
Departamento
Rivas
Granada
Masaya
Carazo
Managua
Len
Chontales
Ro San Juan
Estel
Madriz
Nueva Segovia
Centros observados
14
14
15
10
39
15
19
15
10
15
15
181
Respuesta
No
100%
100%
67%
100%
88%
47%
75%
100%
80%
73%
100%
75%
0%
0%
33%
0%
12%
53%
25%
0%
20%
27%
0%
25%
.JHVFMEF$BTUJMMB6SCJOB
C&MFOGPRVFDPOTUSVDUJWJTUBOFDFTJUBEFMBFWBMVBDJwODPNPSF
RVJTJUPQBSBTVEFTBSSPMMPEFBIrRVFPUSBDVFTUJwORVFTFJODMVZwFO
FMFTUVEJPGVFMBTJHVJFOUF$FOUSPTEF&TUVEJPTRVFJNQMFNFOUBOVO
4JTUFNBEF&WBMVBDJwONPEFSOPEFMPTBQSFOEJ[BKFTEFMPTFTUVEJBO
UFT-BTJUVBDJwOPCTFSWBEBBMSFTQFDUPGVFMBTJHVJFOUF
Tabla 25
Porcentaje de Centros Educativos donde se aplica o no se aplica
un sistema de evaluacin moderno de los aprendizajes
N
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Promedio
Departamento
Centros observados
Rivas
Granada
Masaya
Carazo
Managua
Len
Chontales
Ro San Juan
Estel
Madriz
Nueva Segovia
14
14
15
10
39
15
19
15
10
15
15
181
Respuesta
S
No
67%
64%
7%
100%
60%
93%
70%
0%
70%
47%
100%
55%
33%
36%
93%
0%
40%
7%
30%
100%
30%
53%
0%
45%
&OFMEFMPT$FOUSPT&EVDBUJWPTPCTFSWBEPT
MPTNBFTUSPTZ
EJSFDUPSFTNBOJFTUBORVFTFFTUgJNQMFNFOUBOEPVOTJTUFNBNP
EFSOPEFFWBMVBDJwOEFMPTBQSFOEJ[BKFTZFOVOEJDFORVFOP
/P PCTUBOUF
BM BQMJDBS MB HVrB EF PCTFSWBDJwO BM BVMB EF DMBTF
OPTFPCTFSWBFTUFTJTUFNB-PTEPDFOUFTTFDFOUSBOFOFWBMVBSDP
OPDJNJFOUPT
BQMJDBOEP
TPCSFMPTDPODFQUPTFOTFvBEPT
QSFHVOUBT
EF EFOJDJPOFT SFQSPEVDJEBT
DPNQMFUBNJFOUP P EF PQDJwO
N|MUJQMF FO DVBOUP B IBCJMJEBEFT
OP TF FWBM|BO QSPDFTPT EF JO
WFTUJHBDJwOTJOPQBSUJDJQBDJwOFODMBTF
NVDIBTWFDFTDPOEJTDSF
DJPOBMJEBE
ZB RVF OP TF NBOJFTUBO QSFWJBNFOUF MPT DSJUFSJPT EF
FWBMVBDJwOZVOBWF[EBEBTMBTOPUBTOPTFBDMBSBTPCSFMPTFSSPSFT
DPNFUJEPT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
D&MUFNBSFMBDJPOBEPDPOMBWJODVMBDJwOFOUSFMPTQSPHSBNBTEF
FTUVEJP Z FM FOUPSOP TPDJBM JOEBHB MP TJHVJFOUF 1SPHSBNBT EF MPT
$FOUSPTEF&TUVEJPRVFDPOFDUBOTVRVFIBDFSDPOMPTQSPCMFNBTRVF
BGFDUBOMBDPNVOJEBE
&TUBWF[TFJOEBHBTrFYJTUFQFSUJOFODJBEFMDVSSrDVMPDPOMBSFBMJ
EBEMPDBMEFMBDPNVOJEBEEPOEFFTUgVCJDBEPFM$FOUSP&EVDBUJWP
-BTSFTQVFTUBTQPSEFQBSUBNFOUPTFBHSVQBOBTr
Tabla 26
Centros de Estudios con programas que conectan su quehacer
con los problemas que afectan a la comunidad
N
1.
2.
3.
4.
5.
6.
7.
8
9
10.
11.
Promedio
Departamento
Rivas
Granada
Masaya
Carazo
Managua
Len
Chontales
Ro San Juan
Estel
Madriz
Nueva Segovia
Centros observados
14
14
15
10
39
15
19
15
10
15
15
181
Respuesta
No
58%
93%
33%
80%
61%
33%
65%
100%
30%
27%
0%
53%
42%
7%
67%
20%
39%
67%
35%
0%
70%
73%
100%
47%
&MEFMPTDFOUSPTSFTQPOEFORVFTrUJFOFOQSPHSBNBTRVFDP
OFDUBOTVRVFIBDFSDPOMPTQSPCMFNBTRVFBGFDUBOBMBDPNVOJEBE
4JOFNCBSHP
MBTFOUJEBEFTRVFQBSUJDJQBOFOFTUFQSPDFTPBGBWPSEFM
EFTBSSPMMPMPDBMTPOEJTUJOUBTPSHBOJ[BDJPOFTEFMBTPDJFEBEDJWJMZEF
FOUFTHVCFSOBNFOUBMFT
Z
FOFMNFOPSEFMPTDBTPT
PSHBOJTNPTRVF
SFDJCFOOBODJBNJFOUPJOUFSOBDJPOBMZQSPNVFWFOBDUJWJEBEFTDPNP
3FDPMFDDJwOEFCBTVSBZSFDJDMBKFEFQBQFM
%FGFOTB$JWJM
.JHVFMEF$BTUJMMB6SCJOB
$BNQBvBTEFWBDVOBDJwO
$BQBDJUBDJPOFTTPCSFFEVDBDJwOTFYVBMZSFQSPEVDUJWB
"SCPSJ[BDJwOZGPSFTUBDJwO
$IBSMBTTPCSFWJPMFODJBJOUSBGBNJMJBS
Departamento
Rivas
Granada
Masaya
Carazo
Managua
Len
Chontales
Ro San Juan
Estel
Madriz
Nueva Segovia
Centros observados
14
14
15
10
39
15
19
15
10
15
15
181
Respuesta
No
0%
57%
27%
30%
45%
67%
5%
50%
0%
13%
0%
27%
100%
43%
73%
70%
55%
33%
95%
50%
100%
87%
100%
73%
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
4PCSFMPT"DVFSEPTEF%BLBS
$PO SFTQFDUP BM DVNQMJNJFOUP EF MPT "DVFSEPT EF %BLBS
FTQFDrDBNFOUFFOMPSFGFSJEPBMDSJUFSJPEFBEBQUBCJMJEBE
FM
0CTFSWBUPSJP EF MB &EVDBDJwO /JDBSBHFOTF EFTEF MB 4PDJFEBE $JWJM
JOEBHw TPCSF MB SFTQVFTUB HVCFSOBNFOUBM BM "DVFSEP /
.FKPSBSUPEPTMPTBTQFDUPTDVBMJUBUJWPTEFMBFEVDBDJwO
HBSBOUJ[BOEP
MPTQBSgNFUSPTNgTFMFWBEPT
QBSBDPOTFHVJSSFTVMUBEPTEFBQSFOEJ
[BKFSFDPOPDJEPTZNFOTVSBCMFT
FTQFDJBMNFOUFFOMFDUVSB
FTDSJUVSB
BSJUNnUJDBZDPNQFUFODJBTQSgDUJDBTFTFODJBMFT 6/&4$0
"OEFDPOPDFSFMHSBEPEFMPHSPTPCSFFTUFQSPQwTJUP
TFGPSNV
MBSPOJOUFSSPHBOUFTTPCSFMPTUFNBTTJHVJFOUFT
1SPHSBNBTEFFTUVEJPBEFDVBEPTBMBSFBMJEBETPDJPDVMUVSBMZFDP
OwNJDBFORVFTFFODVFOUSBOTJUVBEPTMPT$FOUSPTEF&TUVEJPT
$FOUSPTEF&TUVEJPDPOTV1MBOEF%FTBSSPMMP&EVDBUJWP 1%&
FMB
CPSBEPEFBDVFSEPBMNBOVBMSFTQFDUJWPPSJFOUBEPQPSFM.&$%
*ODMVTJwO FO FM DVSSrDVMP EF FKFT USBOTWFSTBMFT HnOFSP
NFEJP
BNCJFOUF
EFSFDIPT IVNBOPT
WJEB EFNPDSgUJDB
JODPSQPSBEPT
FOMPTQSPHSBNBTEFFTUVEJP
.JHVFMEF$BTUJMMB6SCJOB
-PTSFTVMUBEPTTFFYQSFTBOFOMB5BCMBTJHVJFOUF
Tabla 28
Objetivo de Dakar n 6. Agosto-octubre de 2004
Situacin encontrada
N Municipio
Centros
obs.
Indic. observado(1)
Indic. observado(2)
Indic. observado(3)
No
No
No
1. Managua
39
18
21
14
25
33
2. Masaya
15
10
10
3. Carazo
10
10
4. Granada
14
42,9
57,1
71,4
28,6
100
5. Rivas
14
50
50
67
33
100
6. Len
15
26,7
73,3
80
20
80
20
7. Estel
100
40
60
100
8. Madriz
15
100
10
90
90
10
9. Nueva Segovia
15
100
20
80
100
10. Chontales
19
58
42
30
70
81
19
100
13
184
66,1
100
33,9
47,6
52,4
90,4
100
9,6
(1) Programas de estudio adecuados a la realidad sociocultural y econmica en que se encuentran situados
los Centros de Estudios.
(2) Centros de Estudios con su Plan de Desarrollo Educativo (PDE), elaborado de acuerdo al manual
respectivo orientado por el MECD.
(3) Inclusin en el currculo de ejes transversales (gnero, medio ambiente, derechos humanos, vida
democrtica) incorporados a los programas de estudio.
4FH|OFMJOEJDBEPS/
TFJOUFOUBDPOPDFSDVgOUPTZFORVnQPS
DFOUBKF VUJMJ[BO 1SPHSBNBT EF &TUVEJP BEFDVBEPT B MB SFBMJEBE TP
DJPFDPOwNJDBZDVMUVSBMEFMPTFTUVEJBOUFT-BTDJGSBTTFvBMBO RVF
FTUPTQSPHSBNBTFYJTUFOFOVO
EFMPTDFOUSPT
-B 1MBOJDBDJwO &TUSBUnHJDB FT VOB EF MBT QFSTQFDUJWBT NgT SF
DJFOUFTQBSBMBHFTUJwOEFMPT$FOUSPT&EVDBUJWPT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&M
EF MPT DFOUSPT IB FMBCPSBEP FM 1MBO EF %FTBSSPMMP
&EVDBUJWP4FPCTFSWBRVFVOQPDPNgTEFMEFMPTDFOUSPTFTUgO
USBCBKBOEPTJOQMBOFTBQSPQJBEPT
-BTFTDVFMBTRVFJODMVZFOFKFTUSBOTWFSTBMFTFOTVDVSSrDVMPBT
DJFOEFOBVO
EFMUPUBM
3FTVNJFOEP
EFBDVFSEPDPOMBJOEBHBDJwOFOUSFBHPTUPZPDUVCSFEF
FODFOUSPTEFFTUVEJPEFFEVDBDJwOQSJNBSJBZTFDVOEBSJBEFPODF
EFQBSUBNFOUPT EFMPTEJFDJTnJTFYJTUFOUFTFOFMQBrT
TFPCTFSWBRVF
B&OFMOPTFIBCrBOSFGPSNBEPMPTQSPHSBNBTEFFTUVEJP
C4wMPFMUFOrBQSPZFDUPTZNFKPSBTFOMPTFEJDJPTZFRVJQPT
D &M OP UFOrB MBCPSBUPSJPT Z FM OP UFOrB FRVJQPT
FMFDUSwOJDPT
E &M EF MPT QSPGFTPSFT BQMJDBCBO VO DVSSrDVMP DPO FOGPRVF
DPOTUSVDUJWJTUB
F&MOPBQMJDBCBQSPDFEJNJFOUPTNPEFSOPTEFFWBMVBDJwOEFMPT
BQSFOEJ[BKFT
G4wMPFMEFMPT$FOUSPTEF&TUVEJPDPOUBCBDPOQSPHSBNBTRVF
WJODVMBCBOTVRVFIBDFSDPOMPTQSPCMFNBTEFMBDPNVOJEBE
H&MEFMPT$FOUSPTOPDPOUBCBDPOTJTUFNBTEFJOGPSNBDJwOZ
PSJFOUBDJwOWPDBDJPOBMQBSBMPTFTUVEJBOUFT
I&M
EFMPT$FOUSPTDPOUBCBDPO1SPHSBNBTEF&TUVEJPBEF
DVBEPTBMBSFBMJEBEFDPOwNJDBZTPDJPDVMUVSBMFORVFTFFODVFOUSBO
TJUVBEPT
J 4wMP FM
EF MPT $FOUSPT DPOUBCB DPO TV 1MBO EF %FTBSSPMMP
&EVDBUJWP
K &O FM
EF MPT $FOUSPT EF FTUVEJP IBCrBO JODPSQPSBEP B MPT
1SPHSBNBT EF &TUVEJP
FKFT USBOTWFSTBMFT SFMBDJPOBEPT DPO NFEJP
BNCJFOUF
EFSFDIPTIVNBOPTZHnOFSP
.JHVFMEF$BTUJMMB6SCJOB
$"156-0-""650/0."&4$0-"3
6/$"40%&7*0-"$*/"-%&3&$)0
"-"&%6$"$*/&//*$"3"(6"
-"4130.&4"4%&-""650/0."&4$0-"3
/JDBSBHVB
IBTUB JOJDJPT EF MPT BvPT OPWFOUB EFM TJHMP QBTBEP
DPOUBCB DPO VOB BENJOJTUSBDJwO FTDPMBS TFNJDFOUSBMJ[BEB
EJWJEJ
EB FO PDIP SFHJPOFT FTDPMBSFT FODBCF[BEBT QPS EFMFHBEPT EF MPT
.JOJTUSPTEF&EVDBDJwOFODBEBSFHJwOEFMQBrT"NFEJBEPTEF
EFTQVnT EF USFT BvPT
EF BDDJPOFT HVCFSOBNFOUBMFT
QBSBEFTNPOUBSMBIFSFODJBTBOEJOJTUBFOFMDBNQPEFMBFEVDBDJwO
FMHPCJFSOPEFMBSFQ|CMJDBBOVODJwMBJNQMBOUBDJwOEFVONPEFMPEF
EFTDFOUSBMJ[BDJwOEFMBFEVDBDJwOTJOQSFDFEFOUFT
DPNPFSBUSBTMB
EBSBMHVOBTEFMBTQPUFTUBEFTEFM.JOJTUFSJPEF&EVDBDJwOEJSFDUB
NFOUFBMBTFTDVFMBT
BMHVOBTEFMBTDVBMFTUVWJFSPORVFWFSDPOFM
OBODJBNJFOUPFEVDBUJWP
4JOOJOHVOBMFZEFSFTQBMEP
DPNPUPEPBSUFGBDUPDPNFSDJBMRVF
CVTDBDBVUJWBSMBTNFOUFTZFTUJNVMBSMBTOFDFTJEBEFTEFTVTDPN
QSBEPSFT
FMNPEFMPRVFTFJNQPOrBWJOPQSFDFEJEPEFN|MUJQMFTGPS
NBT EF QSPQBHBOEB B USBWnT EF QBOFUPT
IPKBT WPMBOUFT
NFEJPT
EFDPNVOJDBDJwOZIBTUBDBSUFMFTFOMPTDPTUBEPTFYUFSJPSFTEFMPT
BVUPCVTFTRVFTFFOUSFHBSPOBMPTDFOUSPTFEVDBUJWPT
RVFDVNQMJ
SrBO FM SPM EF WJUSJOBT QBSB RVF EJSFDUPSFT EF FTDVFMBT Z EJSJHFOUFT
EFQBESFTZNBESFTEFGBNJMJBMMFHBSBOBWFSMPTCFOFDJPTRVFUSBrB
DPOTJHPBRVFMMBOPWFEBE
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
6OBBQSFUBEBTrOUFTJTEFMBTNVDIBTDPOTJHOBTRVFQSFTJErBOMB
PGFSUBFTMBTJHVJFOUF
NgT SFDVSTPT OBODJFSPT QBSB MBT FTDVFMBT
QVFT BM IBCFS NB
ZPSDPOUSPMTPCSFMPTHBTUPTEFQBSUFEFMPTQBESFTEFGBNJMJBTF
MPHSBSrBVOBIPSSPEFSFDVSTPTRVFQPESrBOBTrVUJMJ[BSTFQBSBFM
EFTBSSPMMPEFMDFOUSPFEVDBUJWPZ
QSJODJQBMNFOUF
QBSBNFKPSBS
FMTVFMEPEFMPTNBFTUSPT&TUFQSPDFTPEFCFSrBTFSWJSUBNCJnO
DPNPFGFDUPEFEFNPTUSBDJwO
BOEFFTUJNVMBSBMPTQBESFTZ
NBESFTEFGBNJMJBQBSBRVFPGSFDJFSBOVONBZPSBQPZPOBODJFSP
BMBTFTDVFMBT
NgTFDBDJB
QPSRVF
BMJOWPMVDSBSBMPTQBESFTZNBESFTEFGBNJ
MJBFOMBWJEBEFMBTFTDVFMBT
NFKPSBSrBMBDBQBDJEBEBENJOJTUSB
UJWBEFMPTTJTUFNBTFTDPMBSFT
MPRVFBNQMJBSrBMBNBUSrDVMBZMB
SFEVDJSrBFMBCBOEPOPFTDPMBS
NgTFDJFODJBFOFMVTPEFMPTSFDVSTPTDPNPSFTVMUBEPEFMDPO
USPMTPCSFFOUSBEBTZTBMJEBTEFMEJOFSPRVFFOWJBSrBFM.JOJTUFSJP
EF&EVDBDJwOBMBTVOJEBEFTFEVDBUJWBT
NgTCFOFDJPTQBSBMPTNBFTUSPTBUSBWnTEFMBJNQMBOUBDJwOEFM
DPODFQUPEFDVPUBTWPMVOUBSJBTZEFMBSFBMJ[BDJwOEFBDUJWJEBEFT
PSJFOUBEBTBSFDBVEBSEJOFSP
NgTEFNPDSBDJB
QPSRVFFMFWBSrBMBQBSUJDJQBDJwOEFMPTBDUPSFT
FEVDBUJWPT FO MPT BTVOUPT EF MBT JOTUJUVDJPOFT FEVDBUJWBT Z TV
EFTUJOP
NgT DBMJEBE FEVDBUJWB
QVFT QBESFT Z NBESFT EF GBNJMJB QBSUJ
DJQBSrBOFOFMEFTBSSPMMPEFMDVSSrDVMP
DPOUFYUVBMJ[BOEPMPTQSP
HSBNBTEFFTUVEJPEFBDVFSEPDPOMBTDBSBDUFSrTUJDBTMPDBMFT
MP
RVF QSPWPDBSrB NBZPSFT OJWFMFT EF SFMFWBODJB Z QFSUJOFODJB EF
MPTBQSFOEJ[BKFT
)BTUB
FT EFDJS
EVSBOUF UPEB MB IJTUPSJB EF MB FEVDBDJwO
OJDBSBHFOTF
UPEPT MPT QBHPT OFDFTBSJPT QBSB FM GVODJPOBNJFOUP
EF MBT FTDVFMBT Q|CMJDBT FTUBCBO DFOUSBMJ[BEBNFOUF FO NBOPT EFM
.JOJTUFSJPEF&EVDBDJwO&MTVFMEP
FMTFHVSPTPDJBM
MBTWBDBDJPOFT
MBT BTJHOBDJPOFT QPS [POBKFT
UrUVMPT
FUD
FTUBCBO DPODFOUSBEPT
.JHVFMEF$BTUJMMB6SCJOB
NFOTVBMNFOUFFOFMDIFRVFEFMPTFEVDBEPSFT&MQBHPEFNBOUFOJ
NJFOUPEFFEJDJPTZMBBNQMJBDJwOEFMBQMBOUBGrTJDB
MPTNBUFSJBMFT
FEVDBUJWPT
MJCSPTEFUFYUPZFRVJQPT
FMQBHPEFTFSWJDJPTCgTJDPT
EFBHVB
FOFSHrB
UFMnGPOP
FMTVFMEPEFQFSTPOBMBVYJMJBSEFBQPZP
QBSBMBMJNQJF[BZMBTFHVSJEBEEFMPTDFOUSPT
UPEPFSBOBODJBEPZ
QBHBEPEJSFDUBNFOUFQPSFM.JOJTUFSJPEFMBSBNBFEVDBUJWB
1PS FMMP
FM DBNCJP RVF TF PGSFDrB FSB TVCZVHBOUF QPS VO MBEP
UPEPFMQPEFSEFEFDJTJwOTFUSBTMBEBCBBMBTFTDVFMBT QBESFTZNB
ESFTEFGBNJMJB
NBFTUSPTZFTUVEJBOUFT
Z
BMNJTNPUJFNQP
TFUSBT
MBEBCBOMPTSFDVSTPTOBODJFSPT EJOFSPDPOTUBOUFZTPOBOUF
QBSB
QBHBSUPEPTMPTCJFOFTZTFSWJDJPTOFDFTBSJPTQBSBFMGVODJPOBNJFOUP
EFM DFOUSP FEVDBUJWP &O TVNB JOEFQFOEFODJB QMFOB
BVUPOPNrB Z
EJOFSP QBSB DVCSJS MBT NJM Z VOB OFDFTJEBEFT EF MPT FNQPCSFDJEPT
DFOUSPTFEVDBUJWPTEFMBFEVDBDJwOQ|CMJDBEFMQBrT
%FFTUBNBOFSB
BQBSUJSEF
UPEBTMBTDPOUSBUBDJPOFT
OPN
CSBNJFOUPTZQBHPTBMQFSTPOBM
RVFBOUFTSFBMJ[BCBFM.JOJTUFSJPEF
&EVDBDJwOEFNBOFSBDFOUSBMJ[BEB
SFDBZFSPOFOMBTQSPQJBTJOTUJUV
DJPOFT FEVDBUJWBT
B USBWnT EF EPT NFDBOJTNPT B
MB DPOTUJUVDJwO
Z GVODJPOBNJFOUP EF MPT MMBNBEPT $POTFKPT %JSFDUJWPT &TDPMBSFT
JOUFHSBEPT QPS SFQSFTFOUBOUFT EF MPT QBESFT EF GBNJMJB
NBFTUSPT
FTUVEJBOUFT Z FM EJSFDUPSB RVF BTVNJSrBO MB EJSFDDJwO Z BENJOJT
USBDJwO OBODJFSB EF MBT FTDVFMBT
EF BDVFSEP DPO TVT JOUFSFTFT Z
OFDFTJEBEFTZC
MBUSBOTGFSFODJBNFOTVBMQPSQBSUFEFM.JOJTUFSJP
EF&EVDBDJwOEFVOBEFUFSNJOBEBDBOUJEBEEFEJOFSP
DBMDVMBEBEF
BDVFSEPDPOVOBGwSNVMBBSJUNnUJDBZNVMUJQMJDBEBTFH|OFMO|NF
SPEFBMVNOPTEFDBEBDFOUSPFEVDBUJWP
FTEFDJS
TFH|OVODSJUFSJP
JHVBM B MB MwHJDB Z FOGPRVF EFM OBODJBNJFOUP B MB EFNBOEB EFM
NPEFMPEFMBTTVCWFODJPOFTDIJMFOBT
5PEPFTUFQSPDFTPTFSFBMJ[wTJOOJOHVOBMFZEFSFTQBMEP1PSFTUB
SB[wO
OVFWFBvPTEFTQVnT
FOFMBvP
MB"TBNCMFB/BDJPOBM
BQSPCwMB-FZEF1BSUJDJQBDJwO&EVDBUJWB
FTUBUVUPKVSrEJDPRVFWF
OrB B MFHBMJ[BS FM QSPDFTP EF BVUPOPNrB FTDPMBS FTUBCMFDJEP FO FM
QBrT FO &TUB MFZ FTUBCMFDF MBT GVODJPOFT RVF EFCFO DVNQMJS
MPT $POTFKPT %JSFDUJWPT &TDPMBSFT DPO SFTQFDUP B MB DPOUSBUBDJwO P
FMEFTQJEPEFEPDFOUFTZEJSFDUPSFT
MBQSPNPDJwOEFMPTNBFTUSPT
MPTTPCSFTVFMEPTEFBDVFSEPBMBEJTQPOJCJMJEBEEFSFDVSTPTMBEJT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
USJCVDJwOEFMQSFTVQVFTUPZMBBTJHOBDJwOEFSFDVSTPTEFMDFOUSPFEV
DBUJWPZMBTEFDJTJPOFTTPCSFIPSBSJPTZDPNQSBEFUFYUPT:BQBSUJS
EFM
FOBMHVOPTEFQBSUBNFOUPTEFM1BDrDP
DPNFO[BSPOBFMB
CPSBSTFMPTMMBNBEPT1MBOFTEF%FTBSSPMMP&TDPMBS
RVFTFFTQFSBCB
EJFSBODPIFSFODJBZEJSFDDJwOBMBBDUJWJEBEFEVDBUJWB
-""650/0."&4$0-"3
%&4$&/53"-*;"$*/0%&4$0/$&/53"$*/
&OBRVFMMPTErBT
IBDFUSFDFBvPT
MBBVUPOPNrBFTDPMBSGVFQSF
TFOUBEBDPNPVOPSJHJOBMZOPWFEPTPNPEFMPEFEFTDFOUSBMJ[BDJwO
EFMBFEVDBDJwO1PTUFSJPSNFOUF
FOUSFZ
FOMPTEPDVNFO
UPTPDJBMFTEFM.JOJTUFSJPEF&EVDBDJwOTPCSFFTUFUFNB
TFJOTJTUF
SFJUFSBEBNFOUFFOJEFOUJDBSBFTUBGVODJwODPNPEFEFTDFOUSBMJ[B
DJwO /P PCTUBOUF
DVBOEP TF PCTFSWBO EF DFSDB
QJF[B QPS QJF[B
MBTQSgDUJDBTEFMBJOTUJUVDJwOFEVDBUJWBCBKPFMSnHJNFOEFBVUPOP
NrBFTDPMBS
ZBOBMrUJDBNFOUFTFTFQBSBOMBTSFGFSJEBTBMPTgNCJUPT
TVTUBOUJWPTDVSSJDVMBSFTSFGFSJEPTBMBNJTJwOEFDBEBDFOUSP
EFMPT
gNCJUPT Z QSPDFTPT BENJOJTUSBUJWPT EF BQPZP
FT QPTJCMF DPODMVJS
RVFMBBVUPOPNrBFTDPMBSFO/JDBSBHVBIBTJEPNgTVOQSPDFTPEF
EFTDPODFOUSBDJwO EF SFTQPOTBCJMJEBEFT RVF EF VOB SFBM Z MFHrUJNB
EFTDFOUSBMJ[BDJwO
ZBRVFMBEFQFOEFODJBRVFMPTDFOUSPTFEVDBUJWPT
CBKPFMSnHJNFOBVUPOwNJDPIBOUFOJEP
UJFOFOZDPOUJO|BOUFOJFOEP
SFTQFDUPEFM.&$%GVFZFTNVZHSBOEF
.gTB|ODVBOEPTFQSPGVOEJ[BFOFMBOgMJTJT
TFDPNQSVFCBRVF
MB BVUPOPNrB FTDPMBS OP TwMP FT VO NPEFMP EF EFTDPODFOUSBDJwO
WVMHBS
DPN|OZDPSSJFOUFFTBEFTDPODFOUSBDJwOOPDVCSFUPEPTMPT
gNCJUPTTVTUBOUJWPT RVnTFFOTFvBZRVnTFBQSFOEF
EFMBWJEBEF
MBJOTUJUVDJwOFTDPMBSTJOPTPMBNFOUFMPTQSPDFTPTBENJOJTUSBUJWPT
Z
EFFTUPTQSPDFTPT QMBOJDBDJwO
PSHBOJ[BDJwO
HFTUJwO
FWBMVBDJwOZ
DPOUSPM
TPMBNFOUFMBWBSJBCMFOBODJFSB&TUPFYQSFTBRVFFOSJHPS
MBBVUPOPNrBFTDPMBS
OPFTOJNgTOJNFOPTRVFVONPEFMPEFEFT
DPODFOUSBDJwOOBODJFSBEFMQSFTVQVFTUPOBDJPOBMEFMBFEVDBDJwO
EFTEFMBTFEFDFOUSBMEFM.JOJTUFSJPEF&EVDBDJwOIBDJBMPTDFOUSPT
FEVDBUJWPT-BEFTDPODFOUSBDJwOOBODJFSBEFMQSFTVQVFTUPFEVDBUJ
WP
TJFOEPVOQSPDFTPUnDOJDPZNFUPEPMwHJDP
BQMJDBEPBVOQBrTDPO
.JHVFMEF$BTUJMMB6SCJOB
FMPDIFOUBQPSDJFOUPEFQPCSF[B
IBUFOJEPDPOTFDVFODJBTQPMrUJDBT
ZTPDJBMFTEFHSBOFOWFSHBEVSB
MBTRVFTFFYQSFTBOFOFMUSBTMBEPB
MPTQBESFTZNBESFTEFGBNJMJBEFMBSFTQPOTBCJMJEBEEFM&TUBEPSFT
QFDUPEFMBFEVDBDJwOEFTVTIJKPT
OFHBOEPBHSBOUFNFOUFFMEFSF
DIPBMBFEVDBDJwOBMBTOVFWBTHFOFSBDJPOFTEFOJDBSBHFOTFT
"-(6/"413&(6/5"41"3"%&4&/53"d"3
&-130$&40"650/.*$0
1SFHVOUB / $wNP IB PQFSBEP Z PQFSB FTUF QSPDFTP $PNP
TF NFODJPOBSB BOUFSJPSNFOUF
VOP EF MPT NFDBOJTNPT EF MB BVUP
OPNrB FTDPMBS FT MB USBOTGFSFODJB NFOTVBM EF QBSUF EFM .JOJTUFSJP
EF&EVDBDJwO
EFVOBEFUFSNJOBEBDBOUJEBEEFEJOFSPDBMDVMBEBEF
BDVFSEPDPOVOBGwSNVMBBSJUNnUJDBZNVMUJQMJDBEBTFH|OFMO|NFSP
EFBMVNOPTEFDBEBDFOUSPFEVDBUJWP
1SFHVOUB/:DVgMFTFMQSPCMFNB
TJMBTFTDVFMBTSFDJCFOMBT
USBOTGFSFODJBTZDPOFTFNPOUPQBHBOFMTVFMEPEFMPTNBFTUSPTZ
UPEPTMPTCJFOFTZTFSWJDJPTRVFMBTNJTNBTOFDFTJUBOQBSBGVODJP
OBS &MQSPCMFNBFTRVFMBDBOUJEBEEFEJOFSPEFMBTUSBOTGFSFODJBT
OBODJFSBTEFM.JOJTUFSJPEF&EVDBDJwOBMBTFTDVFMBTDVCSFBQFOBT
VOQSPNFEJPEFFOUSFVOZVOQPSDJFOUPEFMPTNPOUPTRVF
MBT JOTUJUVDJPOFT FEVDBUJWBT OFDFTJUBO QBSB GVODJPOBS BEFDVBEB Z
EFDFOUFNFOUF
1SFHVOUB/:DwNPIBDFOMPT$POTFKPT%JSFDUJWPT&TDPMBSFT
$%&
QBSBDPNQMFUBSFTFPQPSDJFOUP
ZQBSBQBHBSMPTCPOPT
EFMPTTPCSFTVFMEPTBMPTNBFTUSPTZDPNQMFUBSFMQBHPEFMPTCJF
OFT Z TFSWJDJPT QBSB FM GVODJPOBNJFOUP EF MPT DFOUSPT FEVDBUJWPT
%FQFOEJFOEPEFMBDSFBUJWJEBEEFMPTNJFNCSPTEFMPT$%&
MPTNF
DBOJTNPTQBSBMBPCUFODJwOEFEJOFSPQPESrBOBHSVQBSTFFOUSFTDPO
KVOUPT
BTBCFSB
MBTMMBNBEBTDVPUBTWPMVOUBSJBTC
MBWFOUBEF
DIVDIFSrBT
CJFOFT Z TFSWJDJPT FO MBT QVMQFSrBT FTDPMBSFT Z D
MB
SFBMJ[BDJwO EF N|MUJQMFT BDUJWJEBEFT SFDBVEBUPSJBT EF EJOFSP FOUSF
QBESFTZNBESFTEFGBNJMJBZMBQPCMBDJwOEFMFOUPSOPEFMDFOUSPEF
FTUVEJPT
$POSFTQFDUPBDBEBVOPEFFTUPTNFDBOJTNPT
FYJTUFOOVNFSP
TBTFWJEFODJBTZFTUVEJPTRVFEFTOVEBOMBOBUVSBMF[BQSPGVOEBNFO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
UFBOUJFEVDBUJWBFJSSBDJPOBMEFMNPEFMP4PCSFMBTMMBNBEBTDVPUBT
WPMVOUBSJBT
MB 1SPDVSBEVSrB EF %FSFDIPT )VNBOPT &TQFDJBM EF MB
/JvF[ZMB"EPMFTDFODJBIBQVCMJDBEPEPTJOGPSNFTRVFEFTDVCSFO
MBTN|MUJQMFTNBOFSBTFORVFMBTFTDVFMBTDPCSBOBMBTGBNJMJBTQPS
TVT TFSWJDJPT
WVMOFSBOEP FM EFSFDIP VOJWFSTBM B MB FEVDBDJwO FO
/JDBSBHVB
-BT MMBNBEBT QVMQFSrBT FTDPMBSFT GVODJPOBO DPNP FOUFT FT
QFDJBMJ[BEPT EFM NFSDBEP BM NFOVEFP BIr IBZ EF UPEP MP RVF VOB
DMJFOUFMBEFOJvPTZBEPMFTDFOUFT ZBEVMUPT
MBTNBFTUSBT
QPESrBO
DPNQSBS%FTEFDBSBNFMPTZMBQJDFSPT
IBTUB UPBMMBT TBOJUBSJBT &O
4nCBDP.BUBHBMQB
FOMBTFTDVFMBTQ|CMJDBTTFDJFSSBOMBTMMBWFTEFM
BHVBQPUBCMFBMBTEJF[EFMBNBvBOBQBSBPCMJHBSBMPTOJvPTBDPN
QSBSBHVBGSrBFOCPMTJUBTFOMBTQVMQFSrBTEFMPTDFOUSPTEFFTUVEJP
-BT BDUJWJEBEFT SFDBVEBUPSJBT WBO EFTEF MPT WJFSOFT MPDPT
MBTSJGBTTFNBOBMFTPMBTWFSCFOBTEFMPTTgCBEPTDIJRVJUPT
IBTUB
MPTQBTFPTQPSMPTNBMMT
.FUSPDFOUSPZMB1MB[B*OUFS&O#PBDP
VOB
NBFTUSBPGSFDrBTVUFTUJNPOJPFOVOBFTDVFMB
CBKBOZTVCFOOPUBTB
MPTBMVNOPTFONBUFNgUJDBT
TFH|OFTUPTWBZBOPOPWBZBOBMQBTFP
RVJODFOBMQPSFMDVBMEFCFOQBHBSIBTUBDJODVFOUBDwSEPCBT
MPRVF
BGFDUBMBDBMJEBEEFMBFEVDBDJwOZFMQSFTVQVFTUPEFMBTFNQPCSF
DJEBTGBNJMJBT
&-130$&40%&*/45*56$*0/"-*;"$*/%&-.0%&-0
&MSFEVDJEPOBODJBNJFOUPNFOTVBMBMPTDFOUSPTFEVDBUJWPTQPS
QBSUFEFM&TUBEPZMBDPOTFDVFOUFC|TRVFEBEFEJOFSPQPSQBSUFEF
MBT BVUPSJEBEFT FTDPMBSFT QBSB FM OBODJBNJFOUP EF BRVFMMPT BT
QFDUPTRVFRVFEBOEFTQSPUFHJEPTIBOJEPDPOGPSNBOEPVODrSDVMP
WJDJPTP Z VOB DVMUVSB PSHBOJ[BDJPOBM DBSBDUFSrTUJDB EF FTUF UJQP EF
FTDVFMBT
JOTUJUVDJPOBMJ[BOEP Z EBOEP DPNP OPSNBM Z IBTUB MwHJDB
&O
GVF QVCMJDBEP FM FTUVEJP &M 1VQJUSF 7BDrP
Z SFDJFOUFNFOUF FO
FM
*OGPSNF TPCSF 'JTDBMJ[BDJwO EFM %FSFDIP B MB &EVDBDJwO (SBUVJUB FO FM QFSrPEP EF NBUSrDVMB
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
MPTNJTNPT3FTVMUBPCWJPRVFBTrDPNPFOMBTPDJFEBESFWPMVDJPOB
SJBEFMPTPDIFOUBOPTFEFKwOJOH|OFTQBDJPDVMUVSBMTJOQSPNPWFS
TFNCSBSZDVMUJWBSMPTWBMPSFTZQSJODJQJPTQBUSJwUJDPTZQPQVMBSFTMJ
HBEPTBMPTJOUFSFTFTEFMBQPCMBDJwOFNQPCSFDJEB
FOMBTPDJFEBE
OFPMJCFSBM
FOEPOEFFMNFSDBEPFTFMNFDBOJTNPRVFSJHFZPSEFOB
FMDPNQPSUBNJFOUPTPDJBM
MBFTDVFMB
RVFFTMVHBSQBSBSFQSPEVDJS
MPTWBMPSFTEPNJOBOUFTZGPSNBSMPTSFDVSTPTIVNBOPTQBSBRVFFM
NFSDBEPGVODJPOF
UBNCJnOIBTJEPFTQBDJPQBSBDPOWFSUJSMBTSFMB
DJPOFTTPDJBMFTFOSFMBDJPOFTNFSDBOUJMFT
%F FTUB NBOFSB
FM DPCSP NFOTVBM FO MBT FTDVFMBT NFEJBOUF FM
NFDBOJTNPEFMBTMMBNBEBTDVPUBTWPMVOUBSJBT
PFMEFTBSSPMMPEF
MBT QVMQFSrBT FTDPMBSFT Z MB DSFBDJwO EF N|MUJQMFT BDUJWJEBEFT
SFDBVEBUPSJBT EF EJOFSP
TPO QSPDFTPT TJTUnNJDPT BCTPMVUBNFOUF
DPIFSFOUFTZMwHJDPTDPOMPTQSPDFTPTEFDPNQSBWFOUBRVFTFDPOT
USVZFO Z EFTBSSPMMBO NVMUJQMJDBEPT FO DFOUSPT DPNFSDJBMFT
QMB[BT
DBMMFT Z BWFOJEBT Z FO FM NFSDBEP GPSNBM F JOGPSNBM EF MBT DJVEB
EFT
ZRVFDPOGPSNBOFMDPSB[wOEFMSnHJNFOTPDJBMDPOPDJEPDPNP
OFPMJCFSBMJTNP
1BSB FM BOgMJTJT TPDJPMwHJDP EF MB FTDVFMB
FTUF IFDIP MwHJDP Z
OBUVSBMOPUFOESrBOBEBEFFYUSBvPTJOPGVFTFRVFFMNJTNPUJFOF
DPOTFDVFODJBT OFHBUJWBT EF HSBO FOWFSHBEVSB UBOUP QBSB FM HPDF
QMFOPEFMEFSFDIPBMBFEVDBDJwOQPSQBSUFEFMBOJvF[ZMBKVWFOUVE
FNQPCSFDJEBDPNPDPOTFDVFODJBEFMDPCSPFTDPMBS
DPNPQBSBMB
GVODJwOFEVDBUJWBZGPSNBUJWBEFMBTFTDVFMBTZMBQSPGFTJwOEPDFOUF
FO/JDBSBHVB
&YQMJRVFNPTNFKPSFTUBTSFMBDJPOFTMBFEVDBDJwOQ|CMJDB
JHVBM
RVFFODBTJUPEPTMPTQBrTFTFNQPCSFDJEPTEFMNVOEP
FTFMUJQPEF
FEVDBDJwOBMRVFBDDFEFOMPTIJKPTFIJKBTEFMBTGBNJMJBTOJDBSBHFO
TFTFOTJUVBDJwOEFQPCSF[B&O/JDBSBHVB
FMQPSDJFOUPEFFTUBT
GBNJMJBTTPCSFWJWFDPOVOEwMBSZNFEJPEJBSJPFRVJWBMFOUFBWFJOUF
TJFUFDwSEPCBTDPODJODVFOUBDFOUBWPTEJBSJPTEFBHPTUPEFM
&TUP JOEJDB RVF DVBMRVJFS UJQP EF DVPUB WPMVOUBSJB NFOTVBM QBSB
MBFEVDBDJwOEFTVTIJKPTFTQBSBFTUFUJQPEFGBNJMJBTRVFQPSMP
HFOFSBM UJFOF FOUSF USFT Z DVBUSP IJKPT F IJKBT FO FEBE FTDPMBS VO
NFDBOJTNPEJSFDUPEFFYDMVTJwOZTFHNFOUBDJwOFTDPMBSZEFOFHB
DJwOFYQMrDJUBZTJOFVGFNJTNPTEFMEFSFDIPBMBFEVDBDJwO
MPRVF
.JHVFMEF$BTUJMMB6SCJOB
WJPMFOUBFMBSUrDVMPEFMB$POTUJUVDJwO1PMrUJDBEFMB3FQ|CMJDBEF
/JDBSBHVBZFM"SUrDVMPEFMB%FDMBSBDJwO6OJWFSTBMEF%FSFDIPT
)VNBOPT
&MDPCSPFOMBTFTDVFMBTQBSBDPNQMFUBSFMTVFMEPEFMPTNBFTUSPT
ZQBHBSMPTTFSWJDJPTRVFOPQBHBFMHPCJFSOPEFMBSFQ|CMJDBBMBT
FTDVFMBTQ|CMJDBTEFMQBrTTJHOJDBVOBGVFOUFEFNBZPSFNQPCSFDJ
NJFOUPEFMBFNQPCSFDJEBGBNJMJBOJDBSBHFOTF&MDPCSPFOMBFEV
DBDJwOQ|CMJDBFO/JDBSBHVBFTVOIgCJUPEBvJOPQBSBMBGPSNBDJwO
EFOJvPTZOJvBT
QVFTTVJODVNQMJNJFOUPFTNPUJWPEFTBODJPOFTB
MPTFEVDBOEPT
DPOWJSUJFOEPBMBFEVDBDJwOFOVOTJTUFNBFYQVMTJWP
ZOPBUSBDUJWPQBSBJNQPSUBOUFTTFHNFOUPTEFMBJOGBODJBZMBBEPMFT
DFODJB-PNgTHSBWFEFMDBTPFTRVF
NVDIBTWFDFT
FMDPCSPTFMJHB
BWBMPSBDJPOFTEFMDPOPDJNJFOUPZBQVOUBKFTDBMJDBUJWPTRVFOBEB
UJFOFOWFSDPOFMBQSFOEJ[BKF
MBDSFBDJwOEFIgCJUPT
WBMPSFT
BDUJUV
EFTZWJSUVEFTEFMBOJvF[
TJOP
QPSFMDPOUSBSJP
DPOMBGPSNBDJwOEF
BOUJWBMPSFTCBTBEPTFORVFTFQVFEFBQSFOEFSDPNQSBOEPZRVFMPT
WBMPSFTZDPOPDJNJFOUPTTFPCUJFOFONFEJBOUFFMQBHPEFEJOFSP
-""650/0."&4$0-"3
$0/&-"'/%&-6$307*/0-"$03361$*/
&O FM BvP
DPO MB BQSPCBDJwO EF MB -FZ EF 1BSUJDJQBDJwO
&EVDBUJWBTFCVTDwSFEVDJSFMnOGBTJTOBODJFSPEFMNPEFMPQSPDV
SBOEPEFOJSMBTGVODJPOFTEFMPT$POTFKPT%JSFDUJWPTDPNPNFDB
OJTNPTEFQBSUJDJQBDJwOEFMBDPNVOJEBEFEVDBUJWB/PPCTUBOUF
MPT
FMFNFOUPTQFSOJDJPTPTEFMNPEFMPDFOUSBEPTFOFMEJOFSPZFMNFSDB
EPUFOrBODBTJEJF[BvPTEFIBCFSTFJOTUBMBEPDPNPVODgODFSQFS
WFSTPZNBMJHOPFOMBTFOUSBvBTEFMBTSFMBDJPOFTTPDJBMFTFTDPMBSFT
JOTUJUVDJPOBMJ[gOEPTFDPOUBMGVFS[BRVF
FOMVHBSEFEFTBQBSFDFSP
CBKBS TV UPOP
QSPOUP TF BEBQUBSPO
NJNFUJ[BSPO Z BTJNJMBSPO B MB
OPSNBUJWB QSFWJTUB FO MB MFZ
QSPWPDBOEP RVF MBT DVPUBT WPMVOUB
SJBT
MBT QVMQFSrBT Z MBT BDUJWJEBEFT SFDBVEBUPSJBT SFOBDJFSBO
DPNPIPOHPTMFHBMFTDPOOVFWPTCSrPTZOVFWBTKVTUJDBDJPOFTFO
MBTQSgDUJDBTFTDPMBSFTEFMQBrT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
1FSPTJMBJNQMBOUBDJwOEFMNPEFMPOBODJFSPEFMBBVUPOPNrBFT
DPMBSFO/JDBSBHVBIBUFOJEPVOJNQBDUPOFHBUJWPNVZHSBOEFQBSB
MBTGBNJMJBTZMBTJOTUJUVDJPOFTFEVDBUJWBTFTDPMBSFT
JHVBMPQFPSIB
TJEPTVJOVFODJBQBSBMBQSPGFTJwONBHJTUFSJBMQPSRVF
FONVDIPT
DBTPTMBSFMBDJwONBFTUSPFTUVEJBOUFIBQBTBEPBTFSVOBSFMBDJwO
NFSDBOUJM TFH|O MB DVBM MPT NBFTUSPT TF IBO DPOWFSUJEP FO MPT DP
CSBEPSFTEFMBTDVPUBTWPMVOUBSJBTEFTVTQSPQJPTBMVNOPT
QPS
RVFEFFMMBTEFQFOEFTVBVNFOUPTBMBSJBMNFOTVBM4JFMNBFTUSPOP
DPCSBMBDVPUBTJNQMFNFOUFOPSFDJCFTPCSFTVFMEP"Tr
BMQBSRVF
FOTFvBSNBUFNgUJDBTZOPSNBTEFDPNQPSUBNJFOUPDJVEBEBOP
MPT
NBFTUSPTZNBFTUSBTUJFOFORVFBTVNJSVOBQBSUFJNQPSUBOUFEFMB
SFTQPOTBCJMJEBEJOTUJUVDJPOBMEFDPOTFHVJSEJOFSPQBSBTrNJTNPTP
QBSBFMQBHPEFMPTTFSWJDJPTEFMDFOUSPFEVDBUJWPOPDVCJFSUPTQPSMB
USBOTGFSFODJBHVCFSOBNFOUBM
-PBOUFSJPSFTVOEPCMFBUSPQFMMP
UBOUPFODPOUSBEFMEFSFDIPB
MBFEVDBDJwOFO/JDBSBHVBZEFMPTQVCMJDJUBEPTQSPHSBNBTHVCFS
OBNFOUBMFTQBSBSFEVDJSMBQPCSF[BEFNgTEFMPDIFOUBQPSDJFOUP
EFMBQPCMBDJwOOJDBSBHFOTFDPNPFODPOUSBEFMFKFSDJDJPEFMBQSP
GFTJwOEPDFOUFZMBGVODJwOQFEBHwHJDBZBYJPMwHJDBEFMPTDFOUSPT
FEVDBUJWPTFTDPMBSFTRVFSFTVMUBOBTJNJMBEBTZTVCTVNJEBTFOMBT
NgT WVMHBSFT NBOFSBT Z NPEPT EFM NFSDBEP 1FSP MB JOUSPEVDDJwO
EFMEJOFSPZFMBGgOEFMVDSPZHBOBODJBFOMPTSFDJOUPTFTDPMBSFTUSBKP
DPOTJHPBTVIFSNBOBHFNFMB
JOEFUFOJCMF
BWBTBMMBOUFFJODPOUSPMB
CMFMBDPSSVQDJwO
-BTFTUBErTUJDBTBDBNCJPEFEJOFSP
&MQSPDFTPNFOTVBMEFUSBOTGFSJSEJOFSPEFM.JOJTUFSJPEF&EVDBDJwO
B MBT FTDVFMBT
EVSBOUF NVDIPT BvPT IB QFSNJUJEP B VO TFDUPS EF
NBFTUSPT BT
EJSFDUPSFT BT
Z$POTFKPT%JSFDUJWPT&TDPMBSFTBVNFO
UBSPSFEVDJSEPMPTBNFOUFMPTEBUPTEFNBUSrDVMBPBCBOEPOPFTDPMBS
EF MPT FTUVEJBOUFT RVF TF JOGPSNBO NFOTVBMNFOUF B MB PDJOB DP
SSFTQPOEJFOUFBDBNCJPEFPCUFOFSNBZPSFTJOHSFTPT$VBOUBNBZPS
DBOUJEBEEFFTUVEJBOUFTHVSFFOFMJOGPSNFNgTEJOFSPNFOTVBMTF
SFDJCF"TrPDVSSFFOVOBFTDVFMBSVSBMPVSCBOB
FOEPT
FOEJF[
FO
.JHVFMEF$BTUJMMB6SCJOB
.BFTUSPTGBOUBTNBTFTDVFMBTGBOUBTNBT
&O BCSJM EF
EFTQVnT EF MB IVFMHB NBHJTUFSJBM EF GFCSFSP
DVBOEPMPTGVODJPOBSJPTEFM.JOJTUSPEF&EVDBDJwO
PCMJHBEPTQPSMB
$POGFEFSBDJwO(FOFSBMEF5SBCBKBEPSFTEFMB&EVDBDJwOEF/JDBSBHVB
$(5&/"/%&/
TFEJTQVTJFSPOBMBUBSFBEFWJTJUBSZDPOUBSFTDVF
MBQPSFTDVFMBDVgOUPTNBFTUSPTFTUBCBOOPNCSBEPTFOFMTJTUFNB
FTDPMBS
TFFODPOUSBSPODPOTPSQSFTBT"MHVOBTEFFMMBTGVFSPOFO
VO CVFO O|NFSP EF FTDVFMBT FSB DPN|O Z OBUVSBM MB FYJTUFODJB EF
NBFTUSPT GBOUBTNBT
FT EFDJS
OPNCSFT EF QFSTPOBT DPO DBSHPT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
EFNBFTUSPTFOMBTQMBOJMMBTEFQBHPRVFSNBCBONFOTVBMNFOUFFM
SFDJCJEPQFSPRVFOPFYJTUrBOFSBOOPNCSFTJOWFOUBEPT
ZFMNPOUP
FOUSFHBEP
FOBMHVOPTDBTPT
QBTBCBBFOHSPTBSMPTQSFTVQVFTUPT
FTDPMBSFTDPOMBBOVFODJBZQFSNJTJWJEBEEFMPT$POTFKPT%JSFDUJWPT
ZFOPUSPT
QBTBCBBTFSQBSUFEFMQSFTVQVFTUPGBNJMJBSEFMPTCFOF
DJBSJPT)VCPDBTPTFORVFTFFODPOUSBSPO
RVFOPTwMPIBCrBNBFT
USPTGBOUBTNBT
TJOPRVFUBNCJnOIBCrBOFTDVFMBTGBOUBTNBT
FT
EFDJS
FTDVFMBT RVF OP FYJTUrBO FYJTUrB MB DPNBSDB EF &TUFMr
FO FM
OPSUFEFMQBrT
FOMBRVFTVQVFTUBNFOUFGVODJPOBCBMBFTDVFMB
QFSP
BIrOVODBIBCrBIBCJEPFTDVFMB
&O FM QSPDFTP JOWFTUJHBUJWP .&$%"/%&/ UBNCJnO TF FODPOUSB
SPONVDIPTPUSPTDBTPT
FOMPTRVFMBTQSJODJQBMFTWrDUJNBTFSBOMPT
NBFTUSPT4FMFTDPOUSBUBCBQPSVOQFSrPEPEFUFSNJOBEP
FMMPTUSB
CBKBCBO TFH|O DPOUSBUP
QFSP B MB IPSB EFM QBHP TF MFT QBHBCB MB
NJUBEZMBPUSBNJUBEMFRVFEBCBBRVJFOMPIBCrBDPOUSBUBEP$PNP
DPOUSBDBSBEFFTUFQSPDFTP
FOFMNFEJPFTDPMBSFTDPN|OFTDVDIBS
RVFIBZNBFTUSPTRVF
EFCJEPBMPTCBKPTTBMBSJPT
SFQSVFCBOBMPT
FTUVEJBOUFTQBSBEBSMFTDMBTFTFYUSBPSEJOBSJBTZDPCSBSQPSFTFTFS
WJDJP
MPRVFGgDJMNFOUFJOEVDFBQFOTBSRVFFMnYJUP
MPTDPOPDJNJFO
UPTZMPTBQSFOEJ[BKFTTFQVFEFODPNQSBSDPOEJOFSPZTPCSFMBCBTF
EFFTGVFS[PZTBDSJDJPQFSTPOBM
%FUBMTPDJFEBEUBMFTDVFMB
4JTFUPNBFODVFOUBRVFUPEBFTUBJOUSJODBEBNBEFKBEFDVPUBT
WPMVOUBSJBT
QVMQFSrBTFTDPMBSFT
RVFSNFTFT
SJGBT
QBTFPT
FTUB
ErTUJDBTJOBEBTZNBFTUSPT
FTUVEJBOUFTZIBTUBFTDVFMBTGBOUBTNBT
TFEBFOFMTFOPEFMBJOTUJUVDJwORVFMBTPDJFEBEIBMFHJUJNBEPQBSB
FEVDBSZGPSNBSBMBTGVUVSBTHFOFSBDJPOFTEFIPNCSFTZNVKFSFTFO
WBMPSFTTPDJBMFT
NPSBMFTZnUJDPT
FTPCWJPDPODMVJSRVFMBOJvF[ZMB
KVWFOUVEOJDBSBHFOTFTTFFTUgOGPSNBOEPFOBNCJFOUFTEFBQSFO
EJ[BKFQPDPQSPQJDJPTQBSBMBDPOGPSNBDJwOEFVOBDJVEBEBOrBZVO
QBrTGVOEBEPTFOFMUSBCBKPIPOSBEP
FMKVFHPMJNQJP
MBTDVFOUBTDMB
SBT
FMEJOFSPCJFOIBCJEPZMBUSBOTQBSFODJBRVFQFSNJUBOQFOTBSFM
GVUVSPDPOPQUJNJTNP
.JHVFMEF$BTUJMMB6SCJOB
3BGBFM-VDJP(JM
3B|M3Vr[$BSSJwO
7BMJOEB4FRVFJSB
$FGBT"TDFOTJP'MPSFT
7BOFTB
$BTUSP
.FMCB$BTUJMMP
.JHVFM%F$BTUJMMBZ%BWJE0UFSP.
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
OJvPTZBEPMFTDFOUFTFO/JDBSBHVB
ZFMPUSPQVCMJDBEPFOFM
DPOFMUrUVMP*OGPSNFTPCSF'JTDBMJ[BDJwOEFM%FSFDIPBMB&EVDBDJwO
(SBUVJUBFOFMQFSrPEPEFNBUSrDVMB
&M1VQJUSF7BDrP
&M1VQJUSF7BDrPFTFMUrUVMPEFM*OGPSNFEFSFTVMUBEPTEFVOBJO
WFTUJHBDJwOSFBMJ[BEBQPSMB1%%)FOFMBvP
TPCSFFMDPCSPFO
MBTFTDVFMBTCBKPFMSnHJNFOEFBVUPOPNrBFTDPMBSFO/JDBSBHVB
-BT QSJODJQBMFT DPODMVTJPOFT EF FTUF FTUVEJP
WJODVMBEBT DPO
MB WVMOFSBDJwO EFM EFSFDIP B MB FEVDBDJwO FO /JDBSBHVB TPO MBT
TJHVJFOUFT
"QFTBSEFRVFFM.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ%FQPSUFT
BSNBRVFMBFEVDBDJwOFO/JDBSBHVBFTHSBUVJUB
RVFOPTFDPCSB
FOMBTFTDVFMBT
RVFMPRVFFYJTUFFTVOBDPOUSJCVDJwOWPMVOUBSJB
MPT SFTVMUBEPT EF MB JOWFTUJHBDJwO EFNVFTUSBO UPEP MP DPOUSBSJP
%FNVFTUSBORVFTrTFQBHBMBFEVDBDJwOEFMBTOJvBT
OJvPTZBEP
MFTDFOUFT FO UPEPT MPT $FOUSPT &EVDBUJWPT EFM QBrT
JODMVZFOEP FO
MPTDFOUSPTFTUBUBMFTPQ|CMJDPTRVFOPTwMPTFQBHBQBSBFMJOHSFTP
QSFNBUSrDVMBZNBUSrDVMB
TJOPUBNCJnOQBSBMBQFSNBOFODJB NFO
TVBMJEBEFT
BEFNgTEFPUSBTDPOUSJCVDJPOFTFYJHJEBTBMBMVNOBEP
QBSBMBTEJGFSFOUFTBDUJWJEBEFTRVFTFSFBMJ[BOEVSBOUFUPEPFMBvP
FTDPMBS
FJODMVTJWFQBSBFMNBOUFOJNJFOUPEFMDFOUSP
&O UBM TFOUJEP
FM .PEFMP EF "VUPOPNrB &TDPMBS IB USBOTGFSJEP
VOB SFTQPOTBCJMJEBE FYDMVTJWB EFM &TUBEP B MBT NBESFT Z QBESFT
EFGBNJMJB
WJPMFOUBOEPMBTEJTQPTJDJPOFTEFMPT"SUrDVMPTZ
EF MB $POTUJUVDJwO 1PMrUJDB Z Z EFM $wEJHP EF MB /JvF[ Z MB
"EPMFTDFODJB
5PEPT MPT SFTVMUBEPT EF MB FODVFTUB OPT EFNVFTUSBO RVF FO
OVFTUSPQBrTOPFYJTUFFEVDBDJwOHSBUVJUB
OJQBSBMBFEVDBDJwOQSJ
NBSJB
OJQBSBMBFEVDBDJwOTFDVOEBSJB
MPRVFDPOTUJUVZFVOBWJPMB
DJwOBMPTEFSFDIPTIVNBOPTEFMBOJvF[ZBEPMFTDFODJB
SFDPOPDJEPT
FO MFZFT OBDJPOBMFT F JOTUSVNFOUPT JOUFSOBDJPOBMFT EF EFSFDIPT
IVNBOPT
SBUJDBEPT WPMVOUBSJBNFOUF QPS /JDBSBHVB
UBMFT DPNP
MB %FDMBSBDJwO 6OJWFSTBM EF MPT %FSFDIPT )VNBOPT
%FDMBSBDJwO
"NFSJDBOBEFMPT%FSFDIPTZ%FCFSFTEFM)PNCSF
1BDUPEF%FSFDIPT
.JHVFMEF$BTUJMMB6SCJOB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
QPSFMIFDIPEFUSBOTGFSJSMFTFTUBSFTQPOTBCJMJEBE
ZBEFNgTBUFOUB
DPOUSBFMQSJODJQJPEFFEVDBDJwOHSBUVJUB
"MSFMBDJPOBSMBEFUFSJPSBEBTJUVBDJwOFDPOwNJDBZTPDJBMRVF
FOGSFOUBO MB NBZPS QBSUF EF MPT IPHBSFT OJDBSBHFOTFT QSPEVDUP
EFMBQPCSF[BZFYUSFNBQPCSF[BDPOMPTSFTVMUBEPTHFOFSBMFTEF
MBFODVFTUB
TFPCTFSWBRVFFO/JDBSBHVBFMBDDFTPBMBFEVDBDJwO
FTVOQSJWJMFHJP
ZBRVFMBNBZPSQBSUFEFMBOJvF[ZBEPMFTDFODJBFO
FMQBrTGPSNBOQBSUFEFFTUPTIPHBSFTZTVDPOEJDJwOMPTFYDMVZFEFM
TJTUFNBFEVDBUJWP
WJPMFOUgOEPTFMFTFMEFSFDIPRVFUJFOFOBMBFEV
DBDJwOHSBUVJUBFJHVBMEBEBOUFMBMFZ
EFCJEPBMJODVNQMJNJFOUPEFM
HPCJFSOPQBSBIBDFSMPFGFDUJWP 1%%)
QQ
&M*OGPSNFTPCSF'JTDBMJ[BDJwOEFM%FSFDIP
BMB&EVDBDJwO(SBUVJUBFOFMQFSrPEPEFNBUSrDVMB
&OFTUF*OGPSNF
MB1%%)EBTFHVJNJFOUPBMBFWPMVDJwOEFMBWJP
MBDJwOBMEFSFDIPBMBFEVDBDJwOEFUFDUBEBFO&M1VQJUSF7BDrPFOFM
BvP
NFEJBOUFFMDPCSPFOMBTFTDVFMBTEFMBFEVDBDJwOCgTJDB
OJDBSBHFOTF
&M &TUBEP
B USBWnT EFM .JOJTUFSJP EF &EVDBDJwO
$VMUVSB Z
%FQPSUFT
IB USBTMBEBEP EF NBOFSB QSPHSFTJWB B MPT DFOUSPT FTDP
MBSFT Q|CMJDPT VOB TFSJF EF SFTQPOTBCJMJEBEFT FO SFMBDJwO DPO FM
OBODJBNJFOUPEFMPTDFOUSPT
FOBTQFDUPTSFMBDJPOBEPTDPOFMBDPO
EJDJPOBNJFOUPNBUFSJBMEFBVMBTZMPDBMFTFTDPMBSFT
DPOMBDPNQSB
EFNBUFSJBMFTEJEgDUJDPTFJODMVTPDPOFMQBHPEFQFSTPOBMOFDFTBSJP
QBSBRVFPQFSFOMPTNJTNPT
"VORVFFTUBFTVOBTJUVBDJwOHFOFSBMJ[BEB
TFQVFEFBSNBSRVF
FT NgT BDFOUVBEB FO MPT DPMFHJPT BVUwOPNPT
ZB RVF FO FTUPT TF
NFODJPOBO OFDFTJEBEFT QBSB DVZB TBUJTGBDDJwO TF EFTUJOBO MPT SF
DVSTPT DBQUBEPT QPS MB WrB EF DVPUBT WPMVOUBSJBT
UBMFT DPNP WJg
UJDPT
DPOTUSVDDJwO EF JOGSBFTUSVDUVSB
QBHP EF TFSWJDJPT CgTJDPT Z
PUSPTHBTUPTBENJOJTUSBUJWPT
RVFOPTFJEFOUJDBOFOMPTOPBVUw
OPNPT&TUPDPODVFSEBDPOPUSPTSFTVMUBEPTPCUFOJEPTFOMBTDBMJ
[BDJwO
RVFEBODVFOUBEFRVFFOMPTDFOUSPTTVKFUPTBMSnHJNFOEF
QBSUJDJQBDJwOFEVDBUJWBIBZVOBNBZPSQFSDFQDJwOEFMBOFDFTJEBE
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
&OHSBOQBSUFEFMPTDFOUSPTTFJNQMFNFOUBONFDBOJTNPTRVF
WJPMFOUBOMBOBUVSBMF[BWPMVOUBSJBEFMBTDPOUSJCVDJPOFTEFNBESFT
ZQBESFTEFGBNJMJBZRVFSFWFMBOTVWFSEBEFSPDBSgDUFSPCMJHBUPSJP
&MNgTGSFDVFOUFFTMBFYUFOTJwOEFSFDJCPTPDJBMFTZQSFOVNFSBEPT
EFM .&$%
SFDPOPDJEB QPS NgT EFM EF QFSTPOBT VTVBSJBT RVF
QBHBSPOZEFBVUPSJEBEFTRVFBENJUJFSPORVFTFFTUBCBOSFBMJ[BOEP
QBHPT
ZDPNQSPCBEBBEFNgTQPSWrBEFPCTFSWBDJwOEJSFDUBFOFM
EF MPT DFOUSPT WJTJUBEPT &TUPT SFDJCPT FO UFPSrB FTUgO PSJFO
UBEPTBRVFTFUFOHBVONBZPSDPOUSPMEFMPTSFDVSTPTDBQUBEPTFO
WJSUVEEFMPTBQPSUFTEFNBESFTZQBESFTEFGBNJMJB
QFSPPDJBMJ[BO
MPTNJTNPTDPNPGPSNBTEFOBODJBNJFOUPEFMBFEVDBDJwOFOMBT
FTDVFMBTQ|CMJDBTZSFTVMUBOWFSEBEFSBTGPSNBTEFDPNQVMTJwOQBSB
RVFVTVBSJBTZVTVBSJPTQBHVFODVPUBTWPMVOUBSJBT
DPOWJSUJnOEPTF
QSPHSFTJWBNFOUF TV VTP FO VO TJTUFNB MFTJWP B MB HSBUVJEBE EF MB
FEVDBDJwO
&YJTUFVOBJODPSSFDUBJOUFSQSFUBDJwOEFMQSFDFQUPDPOTUJUVDJP
OBM BSU
RVFFTUBCMFDFMBHSBUVJEBEEFMBFEVDBDJwOTJOQFSKVJDJP
EF MBT DPOUSJCVDJPOFT WPMVOUBSJBT RVF QVFEBO IBDFS MPT QBESFT EF
GBNJMJB
6OBTJNQMFJOUFSQSFUBDJwOMJUFSBMEFMBSUrDVMP
ZVOBJOUFSQSF
UBDJwOEFMNJTNPBMBMV[EFEJTUJOUPTJOTUSVNFOUPTJOUFSOBDJPOBMFT
EFEFSFDIPTIVNBOPT
RVFTPODPJODJEFOUFTFODPOTBHSBSMBHSBUVJ
EBEEFMBFOTFvBO[BQSJNBSJBFOUnSNJOPTBCTPMVUPTZ
FODBNCJP
FO
SFMBDJwODPOMBFEVDBDJwOTFDVOEBSJBFTUBCMFDFORVFTFEFCFIBDFS
BDDFTJCMF
GPNFOUBSZHFOFSBMJ[BSNFEJBOUFMBJNQMBOUBDJwOQSPHSFTJ
WBEFTVHSBUVJEBE
OPTMMFWBBEFUFSNJOBSRVFMBNFODJPOBEBDPMJUB
EFMDJUBEPBSUrDVMPTFSFFSF|OJDBNFOUFBMBFEVDBDJwOTFDVOEBSJB
Z RVF FT MFTJWP DVBMRVJFS NFDBOJTNP P NFEJEB RVF PCTUBDVMJDF FM
JOHSFTPZQFSNBOFODJBEFOJvBT
OJvPTZBEPMFTDFOUFTBMBFEVDBDJwO
QSJNBSJB
1PSMPUBOUP
OPFYJTUFOJOH|OBTJEFSPMFHBMQBSBJNQFEJSDPOUSJCV
DJPOFTFDPOwNJDBTBNBESFTZQBESFTEFGPSNBHFOFSBMJ[BEBFOMPT
DFOUSPTFEVDBUJWPTQ|CMJDPT
BVORVFUBNQPDPQBSBQFSDJCJSDVPUBT
RVFOPTFBOWFSEBEFSBNFOUFWPMVOUBSJBT
FOTFDVOEBSJB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
-B TVQVFTUB MFHJUJNJEBE EF MBT DVPUBT WPMVOUBSJBT EF GPSNB
NgTBDFOUVBEBFOMPTDPMFHJPTBETDSJUPTBMSnHJNFOEFQBSUJDJQBDJwO
FEVDBUJWB UBNCJnO TF PSJHJOB FO VO EPCMF EJTDVSTP EFM .&$% RVF
QPSVOMBEP
PSJFOUBBRVFEFCFPCTFSWBSTFMBHSBUVJEBE
QFSP
QPS
PUSPMBEP
IBJNQMFNFOUBEPVOBTFSJFEFNFDBOJTNPTRVFPDJBMJ[BO
Z EFTOBUVSBMJ[BO MBT TVQVFTUBT DVPUBT WPMVOUBSJBT
UBMFT DPNP MB
FNJTJwOEFSFDJCPT
FMDPOUSPMEFMPTBQPSUFTBUSBWnTEFUBSKFUBTZ
PUSPTBVONgTFTUSVDUVSBMFT
DPNPMBEFOJDJwOEFNFDBOJTNPTEF
DgMDVMPQSFWJPFOFMQSFTVQVFTUPBOVBM
EFMPTJOHSFTPTQPSDPOUSJCV
DJPOFT
UPEPMPDVBMEFTEJDFMBWPMVOUBSJFEBEEFMPTQBHPTRVFIBDFO
NBESFTZQBESFTEFGBNJMJB
&O NgT EFM EF MPT DFOUSPT FEVDBUJWPT OP IBCrB DBSUFMFT
RVF EJGVOEJFSBO FM EFSFDIP B MB FEVDBDJwO HSBUVJUB "EFNgT FO MB
NBZPSrB EF MBT FTDVFMBT FO RVF FTUPT FYJTUrBO
TF MFT EBCB NBZPS
SFMFWBODJB
QPSTVO|NFSPZFYUFOTJwO
BPUSPTSwUVMPTPBPUSPTNFO
TBKFTBUSBWnTEFMPTDVBMFTTFJOTUBCBBQBESFTEFGBNJMJBBSFBMJ[BS
DPOUSJCVDJPOFTFDPOwNJDBTPTFJOGPSNBCBEFMBQPTJCJMJEBEEFFGFD
UVBSMBTNJTNBTEVSBOUFFMQSPDFTPEFNBUSrDVMBT-PBOUFSJPSDPOT
UJUVZFPUSPNFDBOJTNPVUJMJ[BEPFODFOUSPTFEVDBUJWPTUFOEJFOUFBMB
JOTUJUVDJPOBMJ[BDJwOEFMBTMMBNBEBTDVPUBTWPMVOUBSJBTDPNPGPSNB
EFOBODJBNJFOUPEFMBFEVDBDJwOQ|CMJDBZRVFBGFDUBMBSFBMJ[BDJwO
EFMEFSFDIPBMBHSBUVJEBE
&TUBTJUVBDJwOFWJEFODJBUBNCJnORVFFM.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ%FQPSUFTOPFTUgDVNQMJFOEPZIBDJFOEPDVNQMJSMBPCMJHB
DJwOEFEJGVOEJSFMEFSFDIPBMBFEVDBDJwOHSBUVJUB
PCMJHBDJwORVF
FNBOBEFTVDPOEJDJwOEFJOTUBODJBFTUBUBMBDBSHPEFMBJNQMFNFO
UBDJwOEFQPMrUJDBTZQMBOFTFEVDBUJWPT
ZEFMBFTQFDJBMWVMOFSBCJMJ
EBEEFMNFODJPOBEPEFSFDIP
QPSMBBHVEJ[BDJwOEFMBTJUVBDJwOEF
QPCSF[BEFMBNBZPSrBEFMPTVTVBSJPTEFMTJTUFNBQ|CMJDPEFFOTF
vBO[B 1%%)
QQ
.JHVFMEF$BTUJMMB6SCJOB
$"156-0-"4-6$)"4103&-%&3&$)0
"-"&%6$"$*/&//*$"3"(6"
5&/%&/$*"4:1&341&$5*7"4
-"4-6$)"4103&-%&3&$)0"-"&%6$"$*/
&MSFDPOPDJNJFOUPEFMBFEVDBDJwODPNPVOEFSFDIPIVNBOPGVO
EBNFOUBMFO/JDBSBHVBIBTJEPVOQSPDFTPMFOUPRVFIBJEPEFTEF
MBQSgDUJDBEFMEFSFDIPEVSBOUFMPTBvPTPDIFOUBEFMQBTBEPTJHMP
DVBOEPMBFEVDBDJwOZMBTBMVEGVFSPOMBTQSJPSJEBEFTGVOEBNFOUBMFT
EFMQSPDFTPSFWPMVDJPOBSJP
IBTUBMBTJUVBDJwOBDUVBM
BTFJTBvPTEFM
JOJDJPEFMTJHMP 99*
FORVFFMEFSFDIPBMBFEVDBDJwOFTOFHBEPQBSB
MBNBZPSrBEFMBOJvF[ZMBKVWFOUVEOJDBSBHFOTF
DPOTUJUVZFOEPIPZ
QBSUFEFMBBHFOEBEFMVDIBTZSFDMBNPTEFMBNBZPSrBEFMBTPSHBOJ
[BDJPOFTDJWJMFTEFMTFDUPSFEVDBUJWPFOTVBDUJWJEBEDPUJEJBOB
%FCJEPBEJGFSFOUFTDBVTBT
FMEFSFDIPBMBFEVDBDJwO
EFTQVnT
EFBMSFEFEPSEFBvPT
OPFTB|OBTVNJEPZEFGFOEJEPQPSMBQP
CMBDJwOBMBRVFQPSTVTJUVBDJwOEFEFTWFOUBKBFOMBFTUSVDUVSBTPDJBM
TVQVFTUBNFOUFFTUgEFTUJOBEP
ZBMBRVFFTUgOPSJFOUBEPTMBNBZP
SrBEFMPTQSPHSBNBTZBDUJWJEBEFTEFMBTBHFODJBTZMPTQSPNPUPSFT
EFMEFSFDIP%FFTUBNBOFSB
FMEFSFDIPBMBFEVDBDJwOBQBSFDFNgT
FOFMJEFBSJP
FMEJTDVSTPZMPTQSPHSBNBTEFMBTBHFODJBTQSPNPUP
SBT
RVFFOFMEFMBQSPQJBTPDJFEBEOJDBSBHFOTF
FOEPOEFMBTDPO
DFQDJPOFTTPCSFFMEFSFDIPBMBFEVDBDJwOTFNVFWFOFOVOBNQMJP
FTQFDUSPTFH|OMPTJOUFSFTFTEFMPTHSVQPTEPNJOBOUFT6OFKFNQMP
DMBSPEFFTUPTPOMBTSFTQVFTUBTRVFMPTFOUSFWJTUBEPTNJFNCSPT
EF$POTFKPT%JSFDUJWPT&TDPMBSFT
EFNVOJDJQJPTEFMQBrT
EJFSPO
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
FOFMBvPBMBQSFHVOUBTPCSFQPSRVnDSFrBORVFMBFEVDBDJwO
FSBVOEFSFDIP
EJTUSJCVZnOEPTFMBTSFTQVFTUBT
EFTEFVOBNBZPSJ
UBSJBMBFEVDBDJwOQFSNJUFDPOTFHVJSUSBCBKPZMBFEVDBDJwONF
KPSBMBGBNJMJBDPOVO
IBTUBMBFEVDBDJwOQFSNJUFTFSBMHVJFO
FOMBWJEB
DPOVOQPSDJFOUP
&OFTUFPSEFO
MPTQSJODJQBMFTEJGVTPSFTEFMBJEFPMPHrBEFMBFEV
DBDJwODPNPVOEFSFDIPZMPTRVFNgTIBOJOTJTUJEPFOTVQSgDUJDB
TVSFTQFUPZTVEFGFOTBIBOTJEPUBOUPMPTPSHBOJTNPTOPHVCFSOB
NFOUBMFT OBDJPOBMFT EF DBSgDUFS FEVDBUJWP
DPNP MB 1SPDVSBEVSrB
QBSBMB%FGFOTBEFMPT%FSFDIPT)VNBOPT 1%%)
MPTPSHBOJTNPT
OPHVCFSOBNFOUBMFTJOUFSOBDJPOBMFTDVZBQPCMBDJwONFUBFTMBOJvF[
ZMBBEPMFTDFODJBFOTJUVBDJwOEFQPCSF[BZMBTBHFODJBTEF/BDJPOFT
6OJEBTFTQFDJBMJ[BEBTFOFEVDBDJwOZOJvF[
-BTSFEFTZPSHBOJTNPTEFMBTPDJFEBEDJWJM
MBTMVDIBTQPSFMEFSFDIPBMBFEVDBDJwO
%FTQVnT EF MBT FMFDDJPOFT EF GFCSFSP EF FO /JDBSBHVB Z
EFMBEFSSPUBFMFDUPSBMEFM'SFOUF4BOEJOJTUBEF-JCFSBDJwO/BDJPOBM
'4-/
VOBNQMJPO|NFSPEFQSPGFTJPOBMFTEFMPTDBNQPTEFMBFEV
DBDJwO
QTJDPMPHrB
USBCBKP TPDJBM
TPDJPMPHrB
FUD
RVF EVSBOUF MPT
BvPTEFMB3FWPMVDJwOIBCrBOMBCPSBEPFOFM.JOJTUFSJPEF&EVDBDJwO
FOUPEPFMQBrTZFOPUSPTNJOJTUFSJPTSFMBDJPOBEPTDPOMBQSPUFDDJwO
BMBOJvF[FNQPCSFDJEBFOMBTUBSFBTEFMBBMGBCFUJ[BDJwO
QSFFTDPMB
SFT
DFOUSPTEFEFTBSSPMMPJOGBOUJMZQSPUFDDJwOBMBOJvF[USBCBKBEPSB
EFDJEJFSPO DPOUJOVBS DPO TV BDUJWJEBE MMFOBOEP BRVFMMPT FTQBDJPT
RVFMPTHPCJFSOPTOFPMJCFSBMFTJCBOEFKBOEPWBDrPT"TrGVFSPOOB
DJFOEP PSHBOJ[BDJPOFT DJWJMFT Z OP HVCFSOBNFOUBMFT SFMBDJPOBEBT
DPOMBOJvF[ZMBBEPMFTDFODJBFOTJUVBDJwOEFQPCSF[BZQPCSF[BFY
USFNB
FOgSFBTSVSBMFTZVSCBOBTZFOUPEPFMQBrT
&OFTUFPSEFO
EVSBOUFFMEFDFOJPEFMPTBvPTOPWFOUB
DBEBPS
HBOJTNPTFGVFFTQFDJBMJ[BOEPFOEFUFSNJOBEBTMrOFBTEFUSBCBKPZ
FOTVDPOUBDUPEJSFDUPDPOMPTPSHBOJTNPTJOUFSOBDJPOBMFTEFBQP
ZP B MB OJvF[ RVF OBODJBCBO TVT BDUJWJEBEFT
GVFSPO DVMUJWBOEP Z
QFSGFDDJPOBOEP TVT QFSTQFDUJWBT
NBSDPT UFwSJDPT Z PCKFUJWPT
MP
.JHVFMEF$BTUJMMB6SCJOB
RVFMFTQFSNJUJwBDDFEFSDPOGBDJMJEBEBVODPODFQUPUBOJOUFHSBMZ
HMPCBMDPNPFMEFMEFSFDIPBMBFEVDBDJwO$PNPQBSUFEFFTUFQSP
DFTP EF NBEVSBDJwO
QSPOUP FTUBT PSHBOJ[BDJPOFT DPNFO[BSPO B
SFVOJSTFZUSBCBKBSTFDUPSJBMNFOUF
IBTUBDPOTUJUVJSMB$PPSEJOBEPSB
EF0SHBOJTNPT/P(VCFSOBNFOUBMFTRVFUSBCBKBODPOMB/JvF[ZMB
"EPMFTDFODJB $0%&/*
SFE EF PSHBOJTNPT DJWJMFT DVZB QPCMBDJwO
NFUB
DPNPTVOPNCSFMPJOEJDB
TPOOJvPT
OJvBTZBEPMFTDFOUFT
Z
RVFQPTUFSJPSNFOUF
FO
WBBJNQVMTBSMBGVOEBDJwOEFM'PSPEF
&EVDBDJwOZ%FTBSSPMMP)VNBOPEFMB*OJDJBUJWBQPS/JDBSBHVB '&%)
*1/
SFEEFPSHBOJTNPTDJWJMFTNgTBNQMJB
RVFJODMVZFOPTwMPBMPT
PSHBOJTNPT QSPNPUPSFT EF MPT EFSFDIPT EF MB OJvF[
TJOP UBNCJnO
BMPTRVFSFBMJ[BOBDDJPOFTFEVDBUJWBTFOPUSBTFTGFSBTZDPOPUSBT
QPCMBDJPOFT
DPNPVOJWFSTJEBEFT
DFOUSPTEFJOWFTUJHBDJwO
BMGBCF
UJ[BDJwOZFEVDBDJwOEFBEVMUPT
TJOEJDBMJTNPNBHJTUFSJBM
FUDnUFSB
&OMBBDUVBMJEBE
FMEFSFDIPBMBFEVDBDJwOFTFMDFOUSPBMSFEFEPS
EFMDVBMTFNVFWFOMPTQSPHSBNBTZBDUJWJEBEFTEFUPEPTMPTPSHB
OJTNPTDJWJMFTRVFUSBCBKBODPOMBOJvF[ZMBBEPMFTDFODJBTPCSFFTUF
UFNB-PTFTDFOBSJPTFORVFTFDVNQMFOTVTUBSFBTTPOEFEPTUJQPT
&MQSJNFSPFTFMSFGFSJEPBMPTRVFUJFOFORVFWFSEJSFDUBNFOUFDPO
TVNJTJwOBMTFSWJDJPEFTVTQPCMBDJPOFTNFUBTNBFTUSPT
$POTFKPT
%JSFDUJWPT&TDPMBSFT
OJvPTZOJvBTFOMPTCBTVSFSPTNVOJDJQBMFT
FO
MPTTFNgGPSPTEFMBTDBMMFTEFMBTDJVEBEFT
FOMBTNJOBTEFBSFOB
DBM P QJFESB DBOUFSB &M PUSP FTDFOBSJP TPO MBT MVDIBT EF MBT PSHB
OJ[BDJPOFT DJWJMFT SFMBDJPOBEBT DPO MB JODJEFODJB FO MBT QPMrUJDBT
FEVDBUJWBT
FTQFDJBMNFOUFFOMBTQPMrUJDBTEFOBODJBNJFOUPEFMPT
QSPHSBNBTFEVDBUJWPTSFMBDJPOBEPTDPOMBFEVDBDJwOGPSNBMEFMBOJ
vF[ZEFUPEPTBRVFMMPTRVFUJFOFORVFWFSDPOMBOJvF[FOTJUVBDJwO
EFQPCSF[BFYUSFNB
&OFMQSJNFSDBTP
MBTBTPDJBDJPOFTDVNQMFOTVTBDUJWJEBEFTJOEJ
WJEVBMZTFDUPSJBMNFOUFFOFMTFHVOEP
MBTDVNQMFOBUSBWnTEFMBT
SFEFTBRVFQFSUFOFDFO$0%&/*
$&""-PFM'&%)*1/
-BEFCJMJEBEDFOUSBMEFMBNBZPSrBEFFTUBTPSHBOJ[BDJPOFTZBTP
DJBDJPOFTDJWJMFTQSPNPUPSBTEFMEFSFDIPBMBFEVDBDJwOFTTVEFQFO
EFODJBOBODJFSBSFTQFDUPEFHPCJFSOPTZEF0/(JOUFSOBDJPOBMFTEF
QSPNPDJwOBMBOJvF[
MPRVFFTVOPCTUgDVMPQBSBTVTPTUFOJCJMJEBE
ZEFTBSSPMMPEFDBSBBMGVUVSP&TUBEFCJMJEBETFEBUBOUPFOMBTPS
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
HBOJ[BDJPOFTDJWJMFTEFNBOFSBJOEJWJEVBMDPNPFOMBTSFEFTRVFMFT
BHSFNJBOFOUnSNJOPTDPMFDUJWPT
&ODPODMVTJwO
FMESBNBOBODJFSPEFMBFEVDBDJwOEFMBOJvF[Z
MBBEPMFTDFODJBFNQPCSFDJEBOJDBSBHFOTFFTEFUBMOBUVSBMF[BRVF
OPTwMPFMTVCTJTUFNBFTDPMBSGPSNBM
SFHFOUBEPQPSFMHPCJFSOPEF
MB SFQ|CMJDB
EFQFOEF FO HSBO QBSUF EF MBT EPOBDJPOFT Z MPT QSnT
UBNPTPGSFDJEPTQPSHPCJFSOPTZPSHBOJTNPTJOUFSOBDJPOBMFT
TJOP
UBNCJnOMPTQSPHSBNBTEFFEVDBDJwOOPFTDPMBSOPGPSNBMQSPNPWJ
EPTQPSMBTPSHBOJ[BDJPOFTZSFEFTDJWJMFTRVFMVDIBOQPSFMEFSFDIP
BMBFEVDBDJwO
-B1SPDVSBEVSrB&TQFDJBMEFMB/JvF[ZMB"EPMFTDFODJBEFMB
1SPDVSBEVSrBQBSBMB%FGFOTBEFMPT%FSFDIPT)VNBOPT
&OFMUFSSFOPQSPQJBNFOUFFTUBUBM
MB1SPDVSBEVSrBQBSBMB%FGFOTB
EFMPT%FSFDIPT)VNBOPTBUSBWnTEFMB1SPDVSBEVSrB&TQFDJBMEFMB
/JvF[ZMB"EPMFTDFODJB
EFTEFMPTBvPTZDPOMBQVCMJDB
DJwOEFMJOGPSNFEFJOWFTUJHBDJwOUJUVMBEP&M1VQJUSF7BDrPIBWFOJEP
NPOJUPSFBOEPZEBOEPTFHVJNJFOUPBMQSPDFTPEFDVNQMJNJFOUPQPS
QBSUFEFMHPCJFSOPEFMBSFQ|CMJDBEFBTFHVSBSFMEFSFDIPBMBFEV
DBDJwOEFMBTNBZPSrBTFNQPCSFDJEBTEFMQBrT
ZEFOVODJBOEPUPEPT
BRVFMMPT IFDIPT QVOUVBMFT P QSPDFTPT TJTUFNgUJDPT EF BUSPQFMMP P
WJPMBDJwOEFMNJTNPFO/JDBSBHVB
UBMFTDPNPMPTDPCSPTFOMBTFT
DVFMBTQ|CMJDBTFOFMDPOUFYUPEFMQSPHSBNBEFQSJWBUJ[BDJwOEFMB
FEVDBDJwODPOPDJEPDPNPBVUPOPNrBFTDPMBS
"MSFEFEPSEFMNJTNPUFNBEF&M1VQJUSF7BDrP
TPCSFFMDPCSPFO
MBTFTDVFMBTQPSFMEFSFDIPBFTUVEJBS
MB1SPDVSBEVSrBSFBMJ[wFOFM
BvP VO QSPDFTP EF TDBMJ[BDJwO EFM %FSFDIP B MB &EVDBDJwO
(SBUVJUBFOFMQFSrPEPEF.BUSrDVMB
1FSPMB1SPDVSBEVSrBOPTwMPIBQVFTUPTVBUFODJwOFOFMDBTPEF
MBWJPMBDJwOBMQSJODJQJPEFMBHSBUVJEBESFTQFDUPEFMBFEVDBDJwOQ|
&OFMBvP
FMEFMQSFTVQVFTUPQBSBMBFEVDBDJwOOJDBSBHFOTFEFQFOErB
EF EPOBDJPOFT FYUFSOBT Z FM EF QSnTUBNPT FYUFSOPT FT EFDJS
FTUB EFQFOEFODJB FSB FO
UPUBMEFMQPSDJFOUP
.JHVFMEF$BTUJMMB6SCJOB
CMJDB
TJOPUBNCJnOFOMBFOTFvBO[BEFMPT%FSFDIPT)VNBOPTEFMB
/JvF[ Z MB "EPMFTDFODJB Z EF MB $POTUJUVDJwO 1PMrUJDB FO MBT FTDVF
MBT EFM QBrT "Tr
FO FM BvP
MB 1SPDVSBEVSrB FO DPPSEJOBDJwO
DPO FM .JOJTUFSJP EF &EVDBDJwO
$VMUVSB Z %FQPSUFT .&$%
FMBCP
Sw
WBMJEw Z QVCMJDw VO DPOKVOUP EF HVrBT EJEgDUJDBT QBSB MPT TFJT
HSBEPT EF FEVDBDJwO QSJNBSJB TPCSF MPT %FSFDIPT )VNBOPT EF MB
/JvF[ZMB"EPMFTDFODJB&OFMBvPMB1%%)SFBMJ[wVOQSPDFTP
EF PCTFSWBUPSJP TPCSF FM VTP EF MBT (VrBT %JEgDUJDBT FO NVOJDJ
QJPT EF EFQBSUBNFOUPT EFM QBrT
DVZPT SFTVMUBEPT TF QVCMJDBSPO
DPOFMUrUVMP3FTVMUBEPTEFMQSPDFTPEFTDBMJ[BDJwOBM.JOJTUFSJPEF
&EVDBDJwO
$VMUVSB Z %FQPSUFT
TPCSF MB QVFTUB FO QSgDUJDB EF MBT
(VrBT%JEgDUJDBTTPCSFMPTEFSFDIPTIVNBOPTEFMBOJvF[ZMBBEP
MFTDFODJBZFMFTUVEJPEFMB$POTUJUVDJwO1PMrUJDBEF/JDBSBHVBFOMB
FEVDBDJwOQSJNBSJB
6OIFDIPEFSFMFWBODJBFOFMQSPDFTPEFDVNQMJNJFOUPEFTVNJ
TJwO
IBTJEPMBDBQBDJEBEEFMB1SPDVSBEVSrB&TQFDJBMQBSBMB%FGFOTB
EFMPT%FSFDIPT)VNBOPTEFMB/JvF[ZMB"EPMFTDFODJBQBSBIBDFS
BMJBO[BT UBOUP DPO MB $0%&/* Z FM 'PSP EF &EVDBDJwO Z %FTBSSPMMP
)VNBOPEFMB*OJDJBUJWBQPS/JDBSBHVB '&%)*1/
DPNPDPOFMQSP
QJP.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ%FQPSUFT%FFTUBNBOFSB
MB
1SPDVSBEVSrBIJ[POPEPDPOFM.&$%QBSBMBFMBCPSBDJwO
QVCMJDBDJwO
ZTFHVJNJFOUPEFMBT(VrBT%JEgDUJDBTNFODJPOBEBTBOUFSJPSNFOUF
Z
DPOFM'&%)*1/QBSBFMBDPNQBvBNJFOUPBMQSPDFTPEFFMBCPSBDJwO
EFMB-FZ(FOFSBMEF&EVDBDJwOFOUSFFMBvPZFMBvP
"MHVOBTEFMBTDPODMVTJPOFTBRVFMMFHBSBFMQSPDFTPEFTDBMJ[B
DJwONFODJPOBEPTPOMBTTJHVJFOUFT
&MEFSFDIPBMBFEVDBDJwO
BMBTBMVEVPUSPTSFMBDJPOBEPTDPOMB
TVQFSWJWFODJBZDPOEFSFDIPTFDPOwNJDPTZTPDJBMFTEFFYJHJCJMJEBE
QBSBMPT&TUBEPTTPOMPTRVFNgTTFQSPNVFWFOFOMBTFTDVFMBT
OP
BTrBRVFMMPTEFSFDIPTRVFUJFOFORVFWFSDPOMBFEVDBDJwOQBSBMB
DJVEBEBOrB
P TFB DPO MB GPSNBDJwO EF MB OJvB
OJvP Z BEPMFTDFOUF
DPNPMBTVKFUBBDUJWBZFMTVKFUPBDUJWPRVFUJFOFEFSFDIPBQBSUJDJ
QBS
PQJOBS
TVHFSJS
SFDMBNBSZEFOVODJBSBOPNBMrBTFJOKVTUJDJBTFO
JHVBMEBEFOUPEPTMPTFTQBDJPTZgNCJUPTEFMBTPDJFEBE-PBOUFSJPS
BEFNgT
JOEJDBRVFOPTFFTUgEJGVOEJFOEPVODBUgMPHPVOJGPSNFEF
EFSFDIPT
ZRVFFOMBFOTFvBO[BEFMPTNJTNPTB|OTFQFSDJCFBMBT
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
OJvBT
OJvPTZBEPMFTDFOUFTDPNPPCKFUPTEFQSPUFDDJwOZOPDPNP
TVKFUBTZTVKFUPTEFEFSFDIPT
4F DPNQSPCw RVF B|O QSFWBMFDF VOB DVMUVSB TPDJBM FO FM NFEJP
GBNJMJBSEFSFDIB[PZEFTBQSPCBDJwOEFMBFOTFvBO[BFONBUFSJBEF
EFSFDIPTIVNBOPTBMBTOJvBT
OJvPTZBEPMFTDFOUFT
KVTUJDBEBQPS
VOBDVMUVSBBEVMUPDnOUSJDBZPQPOFOUFBMBQMFOBWJHFODJBEFMPTEF
SFDIPTEFMBOJvF[ZBEPMFTDFODJB
SFDPOPDJEPTVOJWFSTBMNFOUF
1BSBMBTQFSTPOBTFTQFDJBMJTUBTFOUSFWJTUBEBT
FMNBHJTUFSJPOB
DJPOBMOPFTUgBQSPQJBEPEFMPTDPOUFOJEPTEFMPTEFSFDIPTIVNBOPT
EFCJEPBMBGBMUBEFJNQMFNFOUBDJwOZGPSUBMFDJNJFOUPEFQSPDFTPT
EFDBQBDJUBDJwOPSJFOUBEPTBGPSUBMFDFSMPTDPOPDJNJFOUPTTPCSFMPT
NJTNPT
QFSPUBNCJnOQSPEVDUPEFGBDUPSFTFDPOwNJDPTZTPDJBMFT
UBMFTDPNPFMDPOUFYUPDVMUVSBMEFWJPMFODJB
MBGBMUBEFNPUJWBDJwOEFM
QFSTPOBMEPDFOUFEFCJEPBMPTCBKPTTBMBSJPT
ZMBGBMUBEFWPMVOUBE
EFM&TUBEPDPNPQSJODJQBMSFTQPOTBCMFEFBQPZBS
JNQVMTBSZEBSMF
TFHVJNJFOUPBMQSPDFTPEFFOTFvBO[BEFMPTEFSFDIPTIVNBOPT
-BJNQPSUBODJBEFMBQSgDUJDBEFWBMPSFTSFMBDJPOBEPTDPOMBPCMJ
HBDJwOEFMSFTQFUPBMBTQFSTPOBTBEVMUBTQPSQBSUFEFOJvBT
OJvPT
ZBEPMFTDFOUFTQSFEPNJOwFOMBTSFTQVFTUBTEFMBMVNOBEPFODVFT
UBEPZWJODVMBSPOTVEFSFDIPEFQBSUJDJQBDJwOGVOEBNFOUBMNFOUFB
BDUJWJEBEFTPSJFOUBEBTBMDVNQMJNJFOUPEFOPSNBTZSFGVFS[PEFSF
MBDJPOFTWFSUJDBMFTFOUSFFMMBTZFMMPT
DPOMBTBVUPSJEBEFTFTDPMBSFT
MP DVBM EFOPUB VOB DMBSB PSJFOUBDJwO Z NBOJQVMBDJwO DPOTFSWBEPSB
RVFMJNJUBFMEFSFDIPBVOBQBSUJDJQBDJwOSFBMCBTBEBFOSFMBDJPOFT
EFFRVJEBEZQSgDUJDBTEFNPDSgUJDBT 1%%)
-PTPSHBOJTNPTOPHVCFSOBNFOUBMFTFYUSBOKFSPT
-BQSFTFODJBFO$FOUSPBNnSJDBZFTQFDJBMNFOUFFO/JDBSBHVBEF
VODPOKVOUPEF0/(JOUFSOBDJPOBMFTDPNPMPT4BWF5IF$IJMESFOEF
$BOBEg
*OHMBUFSSBZ/PSVFHB1MBO*OUFSOBDJPOBM /JDBSBHVB
7JTJwO
.VOEJBM
"ZVEBFO"DDJwO
*#*4%JOBNBSDB
'VOEBDJwO'PSE
%BOJEB
FUD
TPO VO FYUSBPSEJOBSJP BQPZP B MBT MVDIBT QPS FM EFSFDIP B MB
FEVDBDJwOFO/JDBSBHVB4JOMVHBSBEVEBT
FMNPWJNJFOUPTPDJBMOJ
DBSBHFOTFQSPNPUPSEFMEFSFDIPBMBFEVDBDJwOTFSrBTVNBNFOUF
.JHVFMEF$BTUJMMB6SCJOB
QSFDBSJPTJOPGVFTFQPSFMBQPZPOBODJFSPZFMFTUrNVMPEFMPT0/(
JOUFSOBDJPOBMFTRVFUJFOFODPNPNJTJwOMBQSPNPDJwOEFM%FSFDIPB
MB&EVDBDJwO
&M BQPZP OBODJFSP EF MBT 0/( JOUFSOBDJPOBMFT OP TwMP IB TJEP
QBSB MBT 0/( OBDJPOBMFT EFM DBNQP FEVDBUJWP TJOP UBNCJnO QBSB
MB 1SPDVSBEVSrB &TQFDJBM EF MPT %FSFDIPT )VNBOPT EF MB /JvF[ Z
MB"EPMFTDFODJBZQBSBFMQSPQJP.JOJTUFSJPEF&EVDBDJwO
$VMUVSBZ
%FQPSUFT
"VORVFEFEJGFSFOUFOBUVSBMF[B
KVOUPBMBT0/(JOUFSOBDJPOBMFT
UBNCJnOEFCFNFODJPOBSTFMBQSFTFODJBFO/JDBSBHVBEFPUSPTPSHB
OJTNPTSFMBDJPOBEPTDPO/BDJPOFT6OJEBTRVFQBSUJDJQBOFOMBCB
UBMMBQPSFMEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
DPNPTPO6/*$&'
6/&4$0
014Z0*5
FTUB|MUJNBDPOTVQSPHSBNBEFEFGFOTBEFMB
OJvF[USBCBKBEPSBFOFMDBNQPZMBDJVEBE
5&/%&/$*"4:1&341&$5*7"4%&-%&3&$)0
"-"&%6$"$*/&//*$"3"(6"
%FBDVFSEPDPOMPFYQVFTUPBMPMBSHPEFFTUFUSBCBKPZDPOMBT
DJSDVOTUBODJBT IJTUwSJDPFTUSVDUVSBMFT QPS MBT RVF BUSBWJFTB MB TP
DJFEBEOJDBSBHFOTFFOMBBDUVBMJEBETJHOBEBTQPSMBTBMUBTUBTBT
EF QPCSF[B EF MB NBZPSrB EF MB QPCMBDJwO Z FM DFSDP JNQVFTUP QPS
MBT DPOEJDJPOBMJEBEFT EFM 'POEP .POFUBSJP *OUFSOBDJPOBM '.*
B
MBT GPSNBT EF EJTUSJCVDJwO EFM 1SFTVQVFTUP EF *OHSFTPT Z &HSFTPT
EFMB3FQ|CMJDB
DVZPFKFNQMPNgTDFSDBOPGVFFMWFUPEFM(PCJFSOP
#PMBvPT'.*BMB-FZ(FOFSBMEF&EVDBDJwO
MBTUFOEFODJBTZQFST
QFDUJWBTSFTQFDUPEFMDVNQMJNJFOUPZHP[PEFMEFSFDIPBMBFEVDB
DJwOFO/JDBSBHVBTPODPNQMFKBTZEFEJGrDJMTPMVDJwOFOFMDFSDBOP
GVUVSP
-BDPZVOUVSBFMFDUPSBMEFMEFOPWJFNCSFEFHFOFSBNVZ
QPDBT FYQFDUBUJWBT PQUJNJTUBT FO FTUF DBNQP "VORVF DMBSBNFOUF
TFQSFTFOUBOBMFMFDUPSBEPEPTBMUFSOBUJWBTEFTJHOPQPMrUJDPEJGFSFO
UF
VOBMJHBEBEJSFDUBNFOUFBMPTJOUFSFTFTEFMBHMPCBMJ[BDJwODBQJUB
MJTUBOFPMJCFSBMZBMBJEFPMPHrBEFMPTPSHBOJTNPTEFOBODJBNJFOUP
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
JOUFSOBDJPOBM
DPOUJOVJEBEIPSJ[POUBMEFEJFDJTnJTBvPTEFHPCJFSOPT
EFJHVBMTJHOP
ZPUSBEFDBSgDUFSVOQPDPNgTJOEFQFOEJFOUF
MJHBEB
BVOEJTDVSTPNgTDFSDBOPBMPTJOUFSFTFTEFMBQPCMBDJwOFNQPCSF
DJEBZBMBDPOTUSVDDJwOEFVONPEFMPFDPOwNJDPEFDBSgDUFSFOEw
HFOP DPO GVFSUFT MB[PT MBUJOPBNFSJDBOJTUBT
MBT MJNJUBDJPOFT QBSB
PGSFDFS FEVDBDJwO EF DBMJEBE QBSB UPEPT Z UPEBT FO FM DPSUP QMB[P
TFSgONVZHSBOEFT
FOUBOUPMBQPCSF[BZMBGBMUBEFSFDVSTPT
QPS
TFSGFOwNFOPTEFDBSgDUFSIJTUwSJDPFTUSVDUVSBM
DPOUJOVBSgOQPSVO
CVFO UJFNQP JOBMUFSBCMFT
DPOWJSUJnOEPTF FO VO PCTUgDVMP QBSB FM
DBNCJPTPDJBMFOFMDBNQPFEVDBUJWPOJDBSBHFOTF
&TUB TJUVBDJwO QMBOUFB BM NPWJNJFOUP TPDJBM QPS FM EFSFDIP B MB
FEVDBDJwOFO/JDBSBHVBFMSFUPEFNFKPSBSZQFSGFDDJPOBSTVTDBQB
DJEBEFTQBSBBDPNQBvBSEFNBOFSBNgTFDB[BMBOJvF[ZMBBEPMFT
DFODJBFNQPCSFDJEBTEFDBSBBMGVUVSP
.JHVFMEF$BTUJMMB6SCJOB
#*#-*0(3"'"
"33*&/
+VBO#BVUJTUBZ3wHFS.564
/JDBSBHVB%JF["vPTEF
&EVDBDJwOFOMB3FWPMVDJwO
$MBWFT-BUJOPBNFSJDBOBT
.nYJDP%'
" 4".#-&"/"$*0/"-%&-"3&1#-*$"%&/*$"3"(6"
-B-FZ(FOFSBM
EF&EVDBDJwO
-B(BDFUB
%JBSJP0DJBM
BHPTUP
.BOBHVB
$POTUJUVDJwO1PMrUJDBEFMB3FQ|CMJDBEF/JDBSBHVB
.BOBHVB
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
&ODVFTUB/BDJPOBMQBSBMB.FEJDJwOEFM/JWFMEF
7JEB &./7
.BOBHVB
&ODVFTUB/BDJPOBMQBSBMB.FEJDJwOEFM/JWFMEF
7JEB &./7
.BOBHVB
1FSMZ$BSBDUFSrTUJDBTEFMPT1PCSFTFO/JDBSBHVB
.BOBHVB
.JOJTUFSJP EF &EVDBDJwO
$VMUVSB Z %FQPSUFT
&EVDBDJwO
QBSB5PEPT
&'"
/JDBSBHVB.BOBHVB
*OGPSNFEF3FTVMUBEPT
.&$%
.BOBHVB
&TUBEP EF MB &EVDBDJwO #gTJDB Z .FEJB
.BOBHVB
4&$3&5"3"5c$/*$"%&-"13&4*%&/$*"%&-"3&1#-*$"
&TUSBUFHJB
SFGPS[BEB EF DSFDJNJFOUP FDPOwNJDP Z SFEVDDJwO EF MB QPCSF[B
.BOBHVB
130(3"."%&/"$*0/&46/*%"41"3"&-%&4"330--0
*OGPSNFTP
CSFEFTBSSPMMPIVNBOP
8BTIJOHUPO
%$
.JHVFMEF$BTUJMMB6SCJOB
6/*$&'
"OgMJTJT EF TJUVBDJwO EF MB OJvF[ OJDBSBHFOTF
*.13*."563
.BOBHVB
$0-&$$*/-*#304'-"1&
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPBSHFOUJOP
"OB1BHBOP
*OHSJE4WFSEMJDLZ1BVMB$PTUBT
&MEFSFDIPBMBFEVDBDJwOFO"SHFOUJOB
'MPSFODJB'JOOFHBOZ"OB1BHBOP
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPCSBTJMFvP
'MPSFODJB4UVCSJO $PPSEJOBEPSB
&MEFSFDIPBMBFEVDBDJwOFO#SBTJM
&TUFMB4DIFJOWBS
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPDPMPNCJBOP
/PIFNB)FSOgOEF[(VFWBSB
&MEFSFDIPBMBFEVDBDJwOFO$PMPNCJB
$BSMPT"MCFSUP-FSNB$BSSFvP
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPDIJMFOP
3PESJHP$PSOFKP
+VBO(PO[gMF[Z+VBO1BCMP$BMEJDIPVSZ
&MEFSFDIPBMBFEVDBDJwOFO$IJMF
+FT|T3FEPOEP $PPSEJOBEPS
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPNFYJDBOP
#FSUIB4BMJOBT"NFTDVBZ4JMWJB&MFOB"NBEPS1nSF[
-BFEVDBDJwOCgTJDBDPNPEFSFDIPTPDJBMGVOEBNFOUBMFTUVEJBOUFT
SFDVSTPTZFTDVFMBTJOErHFOBT
&MEFSFDIPBMBFEVDBDJwOFO.nYJDP
.JHVFMOHFM3PESrHVF[
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPOJDBSBHFOTF
3BGBFM-VDJP(JM
&MEFSFDIPBMBFEVDBDJwOFO/JDBSBHVB
.JHVFMEF$BTUJMMB6SCJOB
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FMDBTPQFSVBOP
1BUSJDJB"OESBEFZ.JHVFM.BSUrOF[
&MEFSFDIPBMBFEVDBDJwOFO1FS|
(MBEZT7JHP(VUJnSSF[Z5FSFTB/BLBOP0TPSFT
&MEFSFDIPBMBFEVDBDJwOVOCBMBODFEFMBTJUVBDJwOFO"NnSJDB-BUJOB
1BCMP(FOUJMJ
1BSUJDJQBDJwOFJODJEFODJBEFMBTPDJFEBEDJWJMFOMBTQPMrUJDBTFEVDBUJWBT
FO"NnSJDB-BUJOB
*OHSJE4WFSEMJDL