2020: 20 Anos para Vencer 20 Décadas de Atraso Educativo Síntese do Estudo. Roberto Carneiro

Tamanho: px
Começar a partir da página:

Download "2020: 20 Anos para Vencer 20 Décadas de Atraso Educativo Síntese do Estudo. Roberto Carneiro"

Transcrição

1 2020: 20 Anos para Vencer 20 Décadas de Atraso Educativo Síntese do Estudo Roberto Carneiro

2 127$%,2*5È),&$ 52%(572 &$51(,52 1DVFHX HP &DVFDLV HP /LFHQFLDGR HP (QJHQKDULD 4XtPLFDSHOR,QVWLWXWR6XSHULRU7pFQLFRFRQFOXLXHVWXGRVGHSyVJUDGXDomRHP'HVHQ YROYLPHQWR&XUULFXODU5HLQR8QLGR(FRQRPLDGD(GXFDomR5HLQR8QLGRH3ODQHD PHQWRGD(GXFDomR)UDQoDVHQGRDLQGD'RXWRU+RQRUiULRHP&LrQFLDVGD(GXFDomRH 3UHVHQWDWLRQ)HOORZGR.LQJ V&ROOHJH8QLYHUVLGDGHGH/RQGUHV 1D8QLYHUVLGDGH&DWyOLFD3RUWXJXHVDUHJHXFDGHLUDVGH(FRQRPLDGH5HFXUVRV+X PDQRV (GXFDomR,QWHUFXOWXUDO,QRYDomR (GXFDFLRQDO H DFWXDOPHQWH 6RFLRORJLD GD (GXFDomR1DPHVPD8QLYHUVLGDGHSUHVLGHDR&HQWURGH(VWXGRVGRV3RYRVH&XOWXUDV GH([SUHVVmR3RUWXJXHVDeWDPEpPSURIHVVRUGR,QVWLWXWR,QWHU8QLYHUVLWiULRGH0DFDX HGR,QVWLWXWRGH(VWXGRV(XURSHXVGH0DFDX)RL9LFH3UHVLGHQWHGR,QVWLWXWR1DFLRQDO GH$GPLQLVWUDomRHQWUHH 5REHUWR&DUQHLURGHVHQYROYHXPDH[WHQVDDFWLYLGDGHGHVGHQDViUHDVGD(GX FDomRHGD)RUPDomRWDQWRHP3RUWXJDOFRPRQRHVWUDQJHLUReSHULWRHFRQVXOWRUGH P~OWLSODV RUJDQL]Do}HV LQWHUQDFLRQDLV GH HQWUH DV TXDLV VH VDOLHQWDP %DQFR 0XQGLDO,'$&RPLVVmR(XURSHLD2&'(81(6&2,,&$,'%)XQGDomR&DORXVWH*XOEHQNLDQ 26&(0HPEURGD&RPLVVmR,QWHUQDFLRQDOSDUDD(GXFDomRQR6pFXOR;;,FRQVWLWXtGD QR VHLR GD 81(6&2 IRL WDPEpP 9LFH3UHVLGHQWH GR *UXSR GH 5HIOH[mR (GXFDomR )RUPDomR GD &RPLVVmR (XURSHLD 1D TXDOLGDGH GH SHULWR LQWHUQDFLRQDO WUDEDOKRX HP FHUFDGHSDtVHVQRGHVHQYROYLPHQWRGHSURMHFWRVHGXFDWLYRVRXQDiUHDGHUHFXUVRV KXPDQRV )RL6HFUHWiULRGH(VWDGRGD(GXFDomR6HFUHWiULRGH(VWDGRGD$GPLQLVWUD omr5hjlrqdoh/rfdoh0lqlvwurgd(gxfdomr

3

4 &$3Ë78/2,,1752'8d 2 2 HVWXGR SURVSHFWLYR OHYDGR D FDER QR GHFXUVR GH FHUFD GH GRLV DQRV H PHLRGHWUDEDOKRHPkPELWRSOXULHLQWHUGLVFLSOLQDUIRLXPHPSUHHQGLPHQWR RUJDQL]DGRHVLVWHPiWLFRGHDSURIXQGDPHQWRGRHVWDGRGRVFRQKHFLPHQWRV VREUHDHGXFDomRQDFLRQDOWHQGRHPPHQWHRGHVHQKRGHIXWXURVDOWHUQDWLYRV $QDWXUH]DKXPDQDSURSHQGHDVLWXDURFRQKHFLPHQWRHPFRQWH[WRVSDUD QDUUDUKLVWyULDV±SDVVDGDVRXIXWXUDV±HDVVLPUHFULDURPXQGR 3RUHVWHPRWLYRDVPHWRGRORJLDVVHJXLGDVSULYLOHJLDUDPXPFDPLQKRVHJ PHQWDGRPDVSHUPDQHQWHPHQWHWHPSHUDGRSRUHVIRUoRVGHVtQWHVHGLVWULEX tgrvdrorqjrgrshufxuvr$khxutvwlfdirlerdfrqvhokhlud)h]vhfdpl QKRFDPLQKDQGRHRSURMHFWRGHLQYHVWLJDomRHQULTXHFHXVHFRPDDXGLomR GHODUJDVGH]HQDVGHSHULWRVSHVTXLVDGRUHVHLQWHUHVVDGRVQDSUREOHPiWLFD GRIXWXURGDHGXFDomR )RUDPHOHLWDVGLYHUVDVFDWHJRULDVGHDQiOLVHWHQGRHPFRQVLGHUDomRRVYDULD GRVkQJXORVVXVFHSWtYHLVGHDFODUDUDSDLVDJHPVREHVFUXWtQLRSHUVSHFWLYDV GH FRQWH[WR YDULiYHLV HQGyJHQDV MRJR GRV DFWRUHV OHLWXUD TXDQWLWDWLYD H VRQGDJHPGHRSLQLmR$YDVWDGRFXPHQWDomRUHXQLGDRVUHODWyULRVGHEDVH DVVLPFRPRRVHQVDLRVGHFRQYHUJrQFLDVXFHVVLYRVWHVWHPXQKDPDVHULH GDGH LQWHOHFWXDO TXH QRUWHRX WRGR R GHVHQYROYLPHQWR GR SURMHFWR (VVH DFHUYRLQWHOHFWXDOILFDGLVSRQtYHOSDUDXOWHULRUHVHVWXGRVTXHDFRPXQLGDGH FLHQWtILFDHYHQWXDOPHQWHGHFLGDHPSUHHQGHU &RPSOHWDGDDIDVHHPLQHQWHPHQWHDQDOtWLFDGRHVWXGRLPSRUWDDJRUDSUR FHGHUjWHQWDWLYDGHFRQFLOLDomRLQWHUSUHWDWLYDGDVP~OWLSODVHYDOLRVDVFRQ WULEXLo}HVUHXQLGDV SURGXomR GH FRQKHFLPHQWR SDUDGLJPiWLFR WtSLFR GR HPSUHHQGLPHQWR FLHQWtILFR WHUi GH VXFHGHUVH D VXD LQWHJUDomR QD IRUPD GHFRQKHFLPHQWR QDUUDWLYR FRPRpWDPEpPFDUDFWHUtVWLFRGDOLQJXDJHPSURVSHFWLYD)iFLO pgl]rorpxlwrpdlvglitflovhuiuhdol]ior0dlvgrtxhrtxhilfrxhvful WRDULTXH]DGRGHEDWHpLQFRQWtYHOQXPTXDOTXHUHVFULWRILQDO3RUFRQVH JXLQWHDOHLWXUDGHVWDVtQWHVHQmRGLVSHQVDDFRQVXOWDGH±GLUtDPRVPHVPR UHFRPHQGDULDRFRQWDFWRDVVtGXRFRP±GRFXPHQWRVGHVXSRUWH +ifhufdghdqrv&36qrzirupxorxdvxdfpoheuhwhvhvreuh DVGXDVFXOWXUDV1DDOWXUD6QRZGHQXQFLDYDDFOLYDJHPHQWUHDFXOWXUD 8WLOL]DPRVDTXLDRSomRVHPLROyJLFDEHPFRQKHFLGDGH-%UXQHUHP %UXQHU-$FWXDO 0LQGV 3RVVLEOH:RUOGV&DPEULGJH0DVVDFKXVHWWV+DUYDUG 8QLYHUVLW\3UHVV 8PHPSUHHQ GLPHQWRRUJD QL]DGRHVLVWH PiWLFR 0HWRGRORJLDV VHJPHQWDGDV HWHPSHUDGDV SRUHVIRUoRVGH VtQWHVH 8PDFHUYR LQWHOHFWXDOTXH ILFDGLVSRQtYHO SDUDXOWHULRUHV HVWXGRV &RQKHFLPHQWR SDUDGLJPiWLFR HFRQKHFLPHQWR QDUUDWLYR &XOWXUDDQD OtWLFDHFXOWXUD KROtVWLFD

5 OLWHUiULD H D FXOWXUD FLHQWtILFD +RMH DV GXDV FXOWXUDV TXH VH FRQIURQWDP DGTXLUHPRXWURPDWL]eDRSRVLomRHQWUHXPDFXOWXUDDQDOtWLFDHIUDJPHQ WiULDRULXQGDGHVpFXORVGHUDFLRQDOLVPRSRVLWLYLVWDHXPDFXOWXUDKROtVWLFD HLQWHJUDGRUDRULXQGDGHPLOpQLRVGHVDEHGRULDFLYLOL]DFLRQDO8PDHRX WUDFRPSOHWDPVH8PDVHPDRXWUDGHSRXFRYDOHWDOFRPRR\LQHR \DQJVHDEUDoDPSDUDJHUDUDVXSUHPDKDUPRQLD (VWDV GXDV FXOWXUDV LQWHUVHFWDUDPVH H HQWUHFUX]DUDPVH DPL~GH QR IOXLU GRVWUDEDOKRV(ODVHPHUJHPQDWXUDOPHQWHHFRPSOHWDPVHDRORQJRGDV SiJLQDVGHVWHGRFXPHQWR $WHRULDGDFRPSOH[LGDGH±TXHLQHYLWDYHOPHQWHYHPHYRFDGDHPTXDOTXHU H[HUFtFLRGHSURVSHFomRGHIXWXUtYHLV±SDUWHGRSUHVVXSRVWRGHTXHWXGR LQWHUDFWXDFRPWXGR$FRPSOH[LGDGHDSOLFDGDjELRORJLDPROHFXODUFRQ GX]LXDRVPRGHORVGH.DXIPDQDFRPSOH[LGDGHDSOLFDGDjHFRQRPLDHDR XUEDQLVPRJHURXDVWHRULDVGRHTXLOtEULRSRQWXDGRHGDDXWRRUJDQL]DomR VLVWpPLFDGH3.UXJPDQDFRPSOH[LGDGHSUHVHQWHQDSURVSHFWLYDDFRQVH OKDRUHFXUVRDHQVDLRVGHFHQDUL]DomR 2DUTXpWLSRGDFRPSOH[LGDGHVLWXDVHWLSLFDPHQWH³jEHLUDGRFDRV ±XPD GHOLFDGDIURQWHLUDHQWUHDRUGHPLQWHUQDSHUIHLWDHDGHVRUGHPWRWDO±SDUD GHVFRUWLQDUGHVHQYROYLPHQWRVLQHVSHUDGRVHSRVVtYHLV(IHFWLYDPHQWHRV VDOWRVGHLQWHOLJLELOLGDGHGRVVLVWHPDVFRPSOH[RVVmRQDPDLRULDGDVYH]HV WmRLPSUHYLVtYHLVTXDQWRGHVFRQWtQXRV(OHVFRQVWLWXHPXPGRVPLVWpULRV PDLVEHPJXDUGDGRVGRXQLYHUVR $SDLVDJHPGRILQDOGHVpFXORHLQtFLRGHPLOpQLRpGHVFRQFHUWDQWH3RGH DILUPDUVHTXHDYiULRVWtWXORVRGHVWLQRGR+RPRJOREDWXVQXQFDIRLWmR LQFHUWR$FRPSOH[LGDGHGHVWURQRXDHILFiFLDWUDGLFLRQDOGRSHQVDPHQWR OLQHDU $DFHOHUDomRGDVQDQRWHFQRORJLDVRSURJUHVVRGDQHXURFLrQFLDDGHVFRGL ILFDomRGROLYURGDYLGDHDPDQLSXODomRGRJHQRPDKXPDQRDQRYDHFR QRPLDDJOREDOL]DomRGRSODQHWDDSRODUL]DomRGHFXOWXUDVDQWHULRUPHQWH UHSULPLGDV D H[SORVmR GD PXOWLFXOWXUDOLGDGH D FULVH GR (VWDGR SURYLGrQFLD DV ILVVXUDV QRV PRGHORV GH JRYHUQDELOLGDGH GHPRFUiWLFD DV GHELOLGDGHVGR(VWDGRQDomRDKLSHUFRQFHQWUDomRGHULTXH]DDVGHVLJXDO GDGHVQDUHSDUWLomRGRFRQKHFLPHQWRD,QWHUQHWDGHVPDWHULDOL]DomRGRV SURFHVVRVSURGXWLYRVHFRPHUFLDLVDUHRUJDQL]DomRGRWUDEDOKRRGHFOtQLR GDV LQVWkQFLDV FOiVVLFDV GH VRFLDOL]DomR H WDQWDV RXWUDV WUDQVIRUPDo}HV DFWXDLV³WRUQDPRIXWXURREVFXUR QRGL]HUGHXPLQVLJQHKLVWRULDGRU(ULF +REVEDZP 7HRULDGD &RPSOH[LGDGH 2DUTXpWLSR±D IURQWHLUDHQWUH RUGHPLQWHUQD SHUIHLWDHGH VRUGHPWRWDO 2ILPGRSHQ VDPHQWROLQHDU 8PIXWXUR SDUWLFXODUPHQ WHREVFXUR

6 $RORQJRGDVXDREUDPDLVUHFHQWH+REVEDZP UHIHUHVHDFLQFRJUDQGHV PXWDo}HVTXHGLUHFWDRXLQGLUHFWDPHQWHHQYROYHPDHGXFDomR $SHVDUGHWRGDVDVFDWiVWURIHVTXHRFRUUHUDPQRVpFXOR;;HGHDSRSX ODomRGRSODQHWDWHUWULSOLFDGRUHODWLYDPHQWHDRLQtFLRGRVpFXORDPDLRULD GDVSHVVRDVPHOKRURXDVXDFRQGLomR8PGRVLQGLFDGRUHVPDLVUHOHYDQWHV GHVVD WHQGrQFLD p R DFHVVR PDLV JHQHUDOL]DGR D EHQV H VHUYLoRV HQWUH RV TXDLVVHGHVWDFDDTXHOHTXHJDUDQWHDVPDLRUHVRSRUWXQLGDGHVGHYLGD±D (GXFDomR $VFULDQoDVQRVpFXOR;;IRUDPVHYHQGRPDLVHGXFDGDVFXOWLYDGDVH SUyVSHUDVGRTXHDJHUDomRGRVVHXVSDLV9HULILFRXVHXPDH[SORVmRQRV QtYHLV GH HVFRODULGDGH ± SULPiULD VHFXQGiULD H DWp VXSHULRU (VWH ~OWLPR IHQyPHQR FXMD HVFDOD VH DFHQWXD QDV WUrV ~OWLPDV GpFDGDV ID] FRP TXH SHODSULPHLUDYH]QDKLVWyULDXPDPDLRULDGDSRSXODomRPXQGLDOVHMDFD SD]GHOHUHHVFUHYHUHXPDFRQVLGHUiYHOSHUFHQWDJHPWHUiPHVPRFRQFOXt GRHVWXGRVVXSHULRUHVPDLVGHQRVSDtVHVGHVHQYROYLGRV(VWHDYDQoR HGXFDWLYRWRUQRXDVSHVVRDVPDLVOLYUHVFDSD]HVGHH[HUFHUHVFROKDVHSRU LVVRSRWHQFLDOPHQWHPDLVIHOL]HV $HPDQFLSDomRGDVPXOKHUHVDSHQDVDJRUDFRPHoRX(ODFRQVWLWXLUiXPD GDVIDFHWDVPDLVGHWHUPLQDQWHVGRVpFXOR;;,2DVFHQVRGDVPXOKHUHVHP WRGDVDVHVIHUDVGDYLGDS~EOLFDHSULYDGDDSRLDVHQXPDDUPDPXLWRHIL FD]RDODUJDPHQWRGDVXDSDUWLFLSDomRQDYLGDHGXFDWLYDGDVQDo}HVHGDV VRFLHGDGHVeLQHYLWiYHOTXHHVVHPRYLPHQWRVHSURSDJXHDWRGRVRVFDQ WRVGRSODQHWD $FUHQoDGHTXHH[LVWHXPHQRUPHPHUFDGR±HPUiSLGDH[SDQVmR±SDUD D HGXFDomR QR PXQGR p LQHTXLYRFDPHQWH DILUPDGD (P SULPHLUR OXJDU SRUTXHDLQGDSHUPDQHFHP]RQDVJHRJUiILFDVLPSRUWDQWHVFRPQHFHVVLGDGH GH GHPRFUDWL]DU R DFHVVR DR HQVLQR EiVLFR (P VHJXQGR OXJDU SRUTXH PHVPRQDVSRSXODo}HVTXHVHHQFRQWUDPQXPDWHQGrQFLDGHGHFOtQLRGH PRJUiILFRRVMRYHQVSURSHQGHPDHVWXGDUPDLVWHPSR(PWHUFHLUROXJDU SRUTXHRVUHIRUPDGRVHSHQVLRQLVWDVGHPRQVWUDPFDGDYH]PDLRULQWHUHVVH HPIUHTXHQWDUIRUPDVGLYHUVDVGHHVWXGRHUHIOH[mR)LQDOPHQWHSRUTXHDV QHFHVVLGDGHVGHIRUPDomRSURILVVLRQDODRORQJRGHWRGDDYLGDHYLGHQFLDP XPDVXELGDH[SRQHQFLDO $TXHGDQDVWD[DVGHIHFXQGLGDGHQD(XURSDpDWULEXtGDSRU+REVEDZP HQWUHRXWURVIDFWRUHVDRVQtYHLVHGXFDWLYRVVLJQLILFDWLYDPHQWHPDLVDOWRV KRMH XVXIUXtGRV SHODV PXOKHUHV 7DPEpP D UHWHQomR GXUDQWH PDLV WHPSR GRVMRYHQVQDHVFROD±GLIHULQGRDVXDSDUWLFLSDomRQRPHUFDGRGHWUDEDOKR +REVEDZP(ZLWK3ROLWR$2QWKH(GJHRIWKH1HZ&HQWXU\1HZ<RUNHG 7KH1HZ3UHVV &LQFRPXWD o}hvvrflhwdlv GDHGXFDomR $FHVVRJHQHUD OL]DGRD(GX FDomR±LQGLFD GRUGHEHP HVWDU $YDQoRQD HVFRODUL]DomR± XPDPDLRULD GHSRSXODomR DOIDEHWL]DGD (PDQFLSDomR GDVPXOKHUHV 8PPHUFDGR HGXFDWLYRHP H[SORVmR $TXHGDQDV WD[DVGHIHFXQ GLGDGH

7 H SRU FRQVHJXLQWH R PRPHQWR HP TXH FRPHoDP D REWHU UHQGLPHQWR ± WUDQVIRUPRXRQmRWHUILOKRVQXPDFODUDYDQWDJHPHFRQyPLFDSDUDDVIDPt OLDV(VWHIDFWRUpSDUWLFXODUPHQWHUHOHYDQWHTXDQGRDVIDPtOLDVVHHQFRQ WUDPGHIURQWDGDVFRPSHUtRGRVGHIRUWHFRPSUHVVmRILQDQFHLUD 2SURJUHVVRKXPDQRUHVXOWDHPODUJDPHGLGDGRFRQIURQWRGHGRLVWLSRV GH SHQVDGRUHV 8QV YHQGR D GHVRUGHP SURFXUDP FULDU RUGHP 2XWURV HQFRQWUDQGRDRUGHP±TXDQWDVYH]HVDKLSHUHVWDELOLGDGH±SURWHVWDPFRQ WUDHODDGYRJDQGRDGHVRUGHP 'L]QRVDKLVWyULDGDKXPDQLGDGHTXHDVPDLVGDVYH]HVJDQKDDRUGHP± SRUTXHpHVWDDQDWXUH]DtQWLPDGHXPPXQGRTXHSURFXUDQH[RHHVWUXWXUD omr$vvlpphvprtxdqgrqddsdurqfldrsurvshfwlylvwddqwhyruxswxudv RTXHHVWiHPMRJRpWmRVyRHPEULmRGHQRYRVRUGHQDPHQWRVSRUVXFHGHU 1DDXVrQFLDGHSURSyVLWR±RXPHVPRQDLQpUFLDGHSHQVDUGLIHUHQWHPHQWH RIXWXUR±RWHPSRWRUQDVHSULVLRQHLURGRSDVVDGR$RUGHPTXHSUHYDOHFH DPDQKmpDUpSOLFDGDTXHLPSHURXQRSDVVDGRSUy[LPR$LQFUHPHQWDOL GDGH ID] OHL VHP TXH D YRQWDGH KXPDQD VH RUJDQL]H SDUD D FRPEDWHU RX SDUDDPELFLRQDUGHVWLQRVDOWHUQDWLYRV ³2 IXWXUR p R QRVVR ~QLFR SDWULPyQLR DLQGD LQWDFWR GLVVH)0i\RUHP 6HWHPEURGHQRDFWRGHDEHUWXUDGRV'LiORJRVGR6pFXOR;;,RUJDQL ]DGRV SHOD 81(6&2 7RGDYLD HVWH RSWLPLVPR TXDQWR j QRVVD DSWLGmR SDUD DSURYHLWDU R SDWULPyQLR GR IXWXUR HVEDUUD FRP R IDFWR GH D DUWH GH HVFUXWLQDURIXWXURHVWDUDLQGDQDVXDLQIkQFLD )DOWDQRVVDEHUPXLWRVREUHFRPRPHOKRUDURQRVVRFRQKHFLPHQWRDFHUFD GRSRUYLUVREUHDVTXHVW}HVGHIXWXURDTXHDVFLrQFLDVQmRUHVSRQGHPH VREUHDVUD]}HVGHVVDLQFDSDFLGDGH1DLJQRUkQFLDRIXWXURVLPSOHVPHQWH DFRQWHFH1DFODULYLGrQFLDRIXWXURpXPDH[DOWDQWHFRQVWUXomR 2UGHPHGHVRU GHP (YLWDUWRUQDU RWHPSR SULVLRQHLURGR SDVVDGR 2IXWXURFRPR SDWULPyQLR 'DYLG +LOEHUW PDWHPiWLFR LOXVWUH QmR GHVLVWLD GH SURFXUDU VDEHU ³:LU P VVHQZLVVHQ:LUZHUGHQZLVVHQ H[FODPDYDHOHQDVXDLQFDQViYHOkQ VLDGHFRQKHFHU $kqvldgh FRQKHFHUH $ QRVVD FDSDFLGDGH FROHFWLYD GH LQIOXHQFLDU R IXWXUR ± GH R GHVHQKDU j PHGLGDGHXPVRQKRSDUWLOKDGR±pSURSRUFLRQDODRHVIRUoRTXHVDLEDPRV GHVHQFDGHDU SDUD R HVWXGDU &RQKHFHU R IXWXUR QmR HVWi DR DOFDQFH GRV KRPHQVpGHVtJQLRGRVGHXVHV([SORUDUIXWXURVSRVVtYHLVpHPFRQWUDSDU WLGDDPDQHLUDPDLVIHFXQGDGHDLQWHOLJrQFLDKXPDQDLQIOXHQFLDURVGHX VHV &RQKHFHU SDUDLQIOXHQ FLDU

8 2PXQGRYLYHXPDKRUDDJLWDGD 2FLGDGmRFRPXPVHQWHTXHDVXDYLGDHVWiVXEPHWLGDDWHQV}HVVHPSUH GLIHUHQWHVVHQmRLQHVSHUDGDVHVXFHVVLYDPHQWHGLVWLQWDV 2 SUHVHQWH HVWXGR SURVSHFWLYR UHSUHVHQWD XPD SURIXQGD LQWHUSHODomR DR VLVWHPDHGXFDWLYRTXHQRVOHJRXDPRGHUQLGDGHLQGXVWULDO 8PDLQWHUSHOD omrsurixqgd 4XHHGXFDomRHTXHIRUPDomRSRGHUHPRVDVSLUDUDWHUQRILQDOGRVSUy[L PRVDQRV"4XDORSHUILOHGXFDWLYRTXHPHOKRUSRGHUiVHUYLUR3RUWXJDO GR6pFXOR;;,"&RPRJDUDQWLUXPTXDQWXPGHPXGDQoDHIHFWLYDVHPR TXHRSDtVVHYROWHDDWUDVDUFRPUHVSHLWRSRUXPDFXOWXUDPXOWLVVHFXODUGH QDomR" 0DJQDVTXHVW}HVGHFLVLYDVSUREOHPiWLFDVSDUDTXHQmRH[LVWHPUHVSRVWDV SUHFLVDVQHPXQtYRFDV6mREHPYLQGDVWRGDVDVFRQWULEXLo}HVSURYLQGDV GHWRGRVRVTXDGUDQWHV 3DUD LQIOXHQFLDU D PDUFKD GR IXWXUR p SUHFLVR QmR GHVLVWLU GH R SHQVDU 6REUHWXGR p LQWHUGLWR VDFULILFiOR DR PHUR KHGRQLVPR GR SUHVHQWH 2UD SDUDTXHDSURVSHFWLYDVHMDFUHGtYHOpLQGLVSHQViYHORFRQ~ELRDFWLYRHQWUH ULJRULQWHOHFWXDOHFXOWXUDGHDQWHFLSDomR0DLVSDUDTXHHODVHLPSODQWHQD FRQVFLrQFLDVRFLDOFRPRpWLFDGHIXWXURHPpWRGRGHLQWHUYHQomRpQHFHVVi ULR TXH R ODERU GH UHIOH[mR VLVWHPiWLFD VREUH D KLVWyULD SURVSHFWLYD GRV SRYRVVHMDXPDFWRS~EOLFRHSDUWLFLSDGR 4XHVW}HV (YLWDUVDFULIL FDURIXWXURDR KHGRQLVPRGR SUHVHQWH 1HVWDSHUVSHFWLYDRHVWXGRHIHFWLYDGRYLVDUHDOL]DUXPDRIHUWDS~EOLFDGH LGHLDVVREUHDPDLVSRWHQWHIiEULFDGHVRQKRVTXHSRGHDFDOHQWDUDHVSHUDQ odghxpdfrpxqlgdghdhgxfdomrhdirupdomrgdvshvvrdvtxhdfrusr UL]DP 8PDRIHUWD S~EOLFDGH LGHLDV &$3Ë78/2,, 2'(6$),2 $126 3$5$ 5(&83(5$5 'e&$'$6'($75$62('8&$7,92 2V~OWLPRVDQRVHP3RUWXJDOIRUDPSDOFRGHLQWHQVDVPRGLILFDo}HV 2V SUy[LPRV DQRV YmR VHU VXEPHWLGRV D VROLFLWDo}HV GH UHFRQYHUVmR DLQGDPDLRUHV &HUFD GH XP WHUoR GHVVH SHUtRGR GHFRUUHUi VRE R LPSXOVR GR,,, 4XDGUR &RPXQLWiULRGH$SRLR(VWHUHSUHVHQWDUiDGHUUDGHLUDRSRUWXQLGDGHSDUDR DSURYHLWDPHQWRGHDMXGDVHXURSHLDVPDFLoDVDRVSDtVHVGDFRHVmRVLWXDGRV QRVXOGD(XURSDHQWUHRVTXDLVQRVHQFRQWUDPRV(QWUHHFRP 2,,,4&$ FULDURLPSXOVR

9 R 3URGHS,,, SRGHUHPRV FULDU R LPSXOVR H DV FRQGLo}HV HVWUXWXUDLV SDUD UHDOL]DUDQRVGHIRUWHVHPHQWHLUD 1RSDVVDGRSUy[LPRRDGYHQWRGDGHPRFUDFLDHDRSomRHXURSHLDPDUFD UDPGHFLVLYDPHQWHRVUXPRVGRSDtV3RUWXJDOPXGRXUiSLGDHSURIXQGD PHQWH $PXGDQoD GHPRFUDFLDH (XURSD 2VHFWRUHGXFDWLYRIRLXPGRVTXHPDLVUHIOHFWLXDVWUDQVIRUPDo}HVVRFLDLV FXOWXUDLVHHFRQyPLFDV3HODVXDHOHYDGDVHQVLELOLGDGHDRVYHQWRVGDKLVWy ULDDHGXFDomRIRLHVSHOKDQGRWRGRVRVGHVQRUWHVGDVRFLHGDGHSRUWXJXHVD QRV VHXV SHUtRGRV PDLV GLItFHLV PDV LJXDOPHQWH WUDGX]LX WRGRV RV LGHDLV TXHQHODIRUDPVHQGRGHVSHUWDGRV 2SURJUHVVRHGXFDWLYRIRLDPXLWRVWtWXORVLPSUHVVLRQDQWH$HVFRODUL]D omrghfuldqodvhmryhqvfrqkhfhxxpghvhqyroylphqwrh[srqhqfldo7h PRVKRMHQDSUiWLFDGHFDGDFRRUWHJHUDFLRQDOLQWHJUDGDQRHQVLQR EiVLFR FHUFD GH UHWLGD DWp DR ILQDO GR VHFXQGiULR H PDLV GH D IUHTXHQWDU HVWXGRV SyVVHFXQGiULRV 6mR LQGLFDGRUHV TXH VHP PDUJHP SDUD G~YLGDV FRPSDUDP EHP FRP DV PpGLDV HVWDWtVWLFDV GD 8QLmR (XUR SHLD2SDUTXHHVFRODU±GHVGHRSUpHVFRODUDRXQLYHUVLWiULR±FUHVFHXGH IRUPDHVSHFWDFXODUFREUHGHIRUPDPXLWRPDLVKDUPRQLRVDRWHUULWyULRH REHGHFHDFULWpULRVGHTXDOLGDGHFRPSDWtYHLVFRPSDGU}HVLQWHUQDFLRQDLV $HVPDJDGRUDPDLRULDGRVQRVVRVSURIHVVRUHVHHGXFDGRUHVpSURILVVLRQDOL ]DGD2HQVLQRVXSHULRUTXHHVWDYDKiDSHQDVDQRVFRQFHQWUDGRHP WUrVFLGDGHVXQLYHUVLWiULDVHQFRQWUDVHKRMHGLVSRQtYHOHPWRGDVDVFDSLWDLV GHGLVWULWRQDVUHJL}HVDXWyQRPDVHDLQGDQXPJUDQGHQ~PHURGHRXWUDV ORFDOLGDGHVTXHVXVWHQWDPXPDQRYDPDOKDXUEDQDGRSDtVHPIRUPDomR 3HODSULPHLUDYH]QDKLVWyULDGHXPDQDomRQRYHYH]HVFHQWHQiULDLUHPRV LQJUHVVDUQXPQRYRVpFXORFRPXPDPDLRULDGDSRSXODomRDOIDEHWL]DGDH FRPXPDWD[DGHHVFRODUL]DomRGDVMRYHQVVXSHULRUjGRVVHXVKRPyORJRV PDVFXOLQRV 7RGDYLD HVWHV LQTXHVWLRQiYHLV DYDQoRV FRQIURQWDPVH FRP SHUVLVWHQWHV SUREOHPDVTXHFRQVWLWXHPRUHYHUVRGDPHGDOKD1DVDYDOLDo}HVSDGURQL ]DGDVTXHSDVVDUDPDVHUUHJXODUPHQWHFRQGX]LGDVSRURUJDQLVPRVLQWHUQD FLRQDLVRVQRVVRVUHVXOWDGRVVmRSUHRFXSDQWHVVHMDHPPDWpULDGHOLWHUDFLD VHMDQRTXHUHVSHLWDDFRQKHFLPHQWRVGHPDWHPiWLFDRXFLrQFLDVRVQRVVRV MRYHQV VLWXDPVH SRU YLD GH UHJUD QD FDXGD GRV SDtVHV 9HULILFDVH XPD VLVWHPiWLFDFRQGHQDomRSRUSDUWHGHFDGDQtYHOGHHQVLQRUHODWLYDPHQWHDR ³SURGXWRDOXQR TXHOKHpHQWUHJXHSHORQtYHOLPHGLDWDPHQWHSUHFHGHQWH &RQVWDWDPVHPDQLIHVWDVGLVIXQo}HVHQWUHDVQRYDVQHFHVVLGDGHVGRPHUFD (GXFDomR FRPRHVSHOKR 8PSURJUHVVR LPSUHVVLRQDQWH QRDFWLYRGRV ~OWLPRVDQRV,QGLFDGRUHV LQpGLWRVSDUD LQtFLRGRVpFXOR WRGDYLD PDQWrPVH SHUVLVWHQWHV HVWUDQJXODPHQ WRVHVWUXWXUDLV ±RUHYHUVRGD PHGDOKD

10 GRGHWUDEDOKRHDVRIHUWDVWUDGLFLRQDLVGHGLSORPDGRV $FLPDGHWXGRD VRFLHGDGHHDHFRQRPLDSRUWXJXHVDVFRQWLQXDPDDVVHQWDUQXPDSRSXODomR DGXOWD±DFWLYD±TXHHPFRQWUDVWHFRPDVQRYDVJHUDo}HVQmRFRQVHJXLX LUPXLWRPDLVDOpPGRTXHRVVHLVDQRVGHHVFRODULGDGHIRUPDO (P3RUWXJDOWLQKDDFLPDGHGHDQDOIDEHWRVXPLQGLFDGRUQmR PXLWRGLIHUHQWHGRGRVRXWURVSDtVHVHXURSHXVGR6XOGD(XURSD(P 3RUWXJDODSUHVHQWDYDGHDQDOIDEHWRVVLWXDomRTXHGLIHULDMiVHQVLYHO PHQWHGDGRVSDtVHVLQGXVWULDOL]DGRVGD(XURSDRQGHDTXHOHLQGLFDGRUWLQKD EDL[DGR SDUD YDORUHV GD RUGHP GH SDtVHV HVFDQGLQDYRV $OHPD QKD,QJODWHUUD $ GHVYDQWDJHP SRUWXJXHVD p Mi QRWyULD UHODWLYDPHQWH j (VSDQKDH,WiOLD $SULPHLUDGpFDGDGRVpFXOR;;FRQILUPDHVWDWHQGrQFLDGLYHUJHQWH(P 3RUWXJDO WHP GH DQDOIDEHWRV DR SDVVR TXH D (VSDQKD EDL[D R LQGLFDGRUSDUDHD,WiOLDSDUD2XVHMDRULWPRGHHVFRODUL]DomR GHMRYHQVpOHQWRQRQRVVRSDtVSHORTXHDUHGXomRGRLOHWULVPRID]VHD ³SDVVRGHFDUDFRO GXUDQWHWRGDDVHJXQGDPHWDGHGRVpFXOR;,;HLQtFLR GRVpFXOR;; 3DUD PHOKRU FRPSUHHQGHU HVWD IUDFD HVFRODUL]DomR GR IOX[R GHPRJUiILFR 8PQtWLGR HPLGDGHHVFRODUEDVWDDWHQWDUQRIDFWRGHTXHQDDEHUWXUDGRVpFXOR;; GHVLQYHVWLPHQWR QRHQVLQR 3RUWXJDODSUHVHQWDXPDWD[DGHHVFRODUL]DomRQRHQVLQRSULPiULRGH SULPiULR 2UD HVVD FREHUWXUD GR HQVLQR HOHPHQWDU SRUWXJXrV HP p LQIHULRU j WD[DKRPyORJDGD(VSDQKDYHULILFDGDDQRVDQWHVHPRXj GD,WiOLDDQRVDQWHVHP8PRXWURSDtVGD(XURSDPHULGLR QDO D )UDQoD WLQKD HP DWLQJLGR XPD HVFRODUL]DomR SULPiULD GH RXVHMDPDLVGRGREURGDWD[DSRUWXJXHVDDWLQJLGDDQRVPDLV WDUGH 8P HVWXGR UHFHQWH GR,'& FKHJD D Q~PHURV GUDPiWLFRV GH GpILFH GH FRPSHWrQFLDV DWp ±HXURSHXHSRUWXJXrV±QDViUHDVUHODFLRQDGDVFRPDVQRYDVWHFQRORJLDVUHVXOWDGRV DSUHVHQWDGRVSDUDFLQFRJUDQGHVFDWHJRULDVGHDFWLYLGDGHVHPSUHVDULDLV ÈUHD7HFQROyJLFD 8( 3RUWXJDO,QWHUQHWZRUNLQJ $SSOLFDWLRQV 'LVWULEXWHG(QYLU 7HFKQRORJ\1HXWUDO +RVW%DVHG(QYLU 727$/ )RQWH,'& 2VYDORUHVGHDQDOIDEHWLVPRHGHHVFRODUL]DomRSULPiULDDTXLFLWDGRVIRUDPH[WUDtGRVGH 5HLV-2$WUDVR(FRQyPLFR3RUWXJXrVHP3HUVSHFWLYD+LVWyULFD(VWXGRVVREUH D(FRQRPLD3RUWXJXHVDQD6HJXQGD0HWDGHGR6pFXOR;,;/LVERD,PSUHQVD 1DFLRQDO&DVDGD0RHGD 2DWUDVRSRUWX JXrVQRVpFXOR ;,; 8PDFODUD GHVYDQWDJHP QRFRQWH[WRGR VXOGD(XURSD 8PDGLYHUJrQ FLDTXHVHHV WHQGHSDUD ³GHQWUR GR VpFXOR;;

11 1RVDQRVGHVWHVpFXORTXDQGRPXLWRVSDtVHVGRFHQWURHQRUWHGD(XUR SDDWLQJLDPMiGHWD[DGHHVFRODUL]DomRVHFXQGiULD3RUWXJDODLQGDVH GHEDWLDFRPRFXPSULPHQWRGHXPDHVFRODULGDGHEiVLFDPtQLPDGHDQRV HFRPWD[DVGHDQDOIDEHWLVPRSUy[LPDVGRV 1XPD DOWXUD HP TXH DV VRFLHGDGHV VmR SUHVVLRQDGDV D DGDSWDUHPVH DRV LPSHUDWLYRVGDJHQHUDOL]DomRGRVPHLRVGHDFHVVRWHOHPiWLFRDRFRQKHFL PHQWRHjLQIRUPDomRWHPVHSRUDGTXLULGRTXHRILQDOGHHVWXGRVVHFXQGi ULRVpRQRYROLPLDUFUtWLFRSDUDTXHDVSHVVRDVRXQDo}HVSRVVDPWULXQIDU 2JURVVRGRSHORWmRGDQRVVDSRSXODomRDFWLYDVLWXDVHPXLWRDEDL[R$LQ GDTXHRSDtVWHQKDFRQVHJXLGRUHJXODUL]DURIOX[RGHHGXFDomRRSUREOHPD GDFRPSRVLomRHGXFDFLRQDOGRVWRFNpGHYHUDVSUHRFXSDQWH $FUHVFHDHVWDH[LJrQFLDSDGUmRGHQtYHOVHFXQGiULRFRPSOHWRDQHFHVVLGD GH GH GHVHQYROYHU QRYDV FRPSHWrQFLDV ³$V QRYDV FRPSHWrQFLDV EiVLFDV TXHVHUmRSURSRUFLRQDGDVDWUDYpVGDDSUHQGL]DJHPDRORQJRGDYLGDGHYHUmR VHUGHILQLGDVQXPTXDGURHXURSHXFRPSHWrQFLDVHPWHFQRORJLDVGDLQIRUPD omrotqjxdvhvwudqjhludvfxowxudwhfqroyjlfdhvstulwrhpsuhvduldohfrpsh WrQFLDVVRFLDLVGHYHUiVHUFULDGRXPGLSORPDHXURSHXGHFRPSHWrQFLDVEiVL FDVHPWHFQRORJLDVGDLQIRUPDomRFRPSURFHGLPHQWRVGHVFHQWUDOL]DGRVGH FHUWLILFDomRDILPGHSURPRYHUDOLWHUDFLDGLJLWDOHPWRGDD8QLmR (QWUH DV FRPSHWrQFLDV FUtWLFDV SDUD R IXWXUR GDV VRFLHGDGHV UHOHYDP DLQGD DV GH JHVWmRVLPEyOLFDHGHLQWHUSUHWDomRRXFULDomRDUWtVWLFD 1Do}HVTXHVHDWUDVDUDPQDV H 5HYROXo}HV,QGXVWULDLVSRGHUmRFULDU FDSDFLGDGHVSDUDUHWRPDUHPDFRPSHWLomRHPFRQGLo}HVTXHOKHVHVWDYDP YHGDGDVDLQGDKiSRXFRVDQRV3DtVHVJHRJUDILFDPHQWHSHULIpULFRVWrPD SRVVLELOLGDGH GH VH UHFHQWUDUHP QR PXQGR GLJLWDO H YLUWXDO TXH HVWi HP DGLDQWDGRHVWDGRGHUHGHILQLomR(FRQRPLDVSHTXHQDVHVHPDPDVVDFUtWL FDGHIDFWRUHVPDWHULDLVDQWHULRUPHQWHGHPDQGDGRVSHODVSHVDGDVHVWUXWX UDVLQGXVWULDLVSRGHPYHUMRJDUDVHXIDYRUXPDGLPHQVmRIOH[tYHOHIDFLO PHQWH DMXVWiYHO j SUHFLSLWDomR GRV FLFORV HFRQyPLFRV 0DV SDUD TXH WDO DFRQWHoDVHUiSUHFLVRVDEHUWUDQVIRUPDUHVVDVFDSDFLGDGHVHHVVDVSRVVLEL OLGDGHVHPYHUGDGHLUDVRSRUWXQLGDGHV $FRUULGDSDUDRVOXJDUHVGLDQWHLURVGD 5HYROXomR,QGXVWULDOHVWiODQoDGD efrqvhqvxdotxhrvidfwruhvfutwlfrvsduddyhqfhuuhvlghpkrmhfrprqxq FDQRVDFWLYRVLQWDQJtYHLVTXDOLGDGHGDVSHVVRDVFRQKHFLPHQWRVHFRPSH WrQFLDV HPSUHHQGRULVPR LQRYDomR H FULDWLYLGDGH VLVWHPDV GH HGXFDomR IRUPDomRHLQYHVWLJDomRFXOWXUDVGHDSUHQGL]DJHPSHUPDQHQWHFDSDFLGDGH GHDVVXPLUULVFRVPHQWDOLGDGHGHVHUYLoRVHGHFULDomRGHYDORU &RQVHOKR(XURSHXGH/LVERD&RQFOXV}HVGD3UHVLGrQFLDGH0DUoRGH 8PDWUDVR PDQWLGRQDV SULPHLUDVô SDUWHVGR 6pFXOR;; 8PQRYROLPLDU GHHVFRODUL]D omr±hvwxgrv VHFXQGiULRV FRPSOHWRVH DVQRYDV FRPSHWrQFLDV EiVLFDV 8PD RSRUWXQLGDGH VREHUDQDGH UHFHQWUDJHPGR SDtV 2WHPSRGRV DFWLYRVLQWDQJt YHLV

12 2GHVLQYHVWLPHQWRQDHGXFDomRIRLHYLGHQWHHP3RUWXJDOGXUDQWHFHUFDGH GpFDGDV-DLPH5HLV SURYDTXHDVUD]}HVGRDWUDVRDFXPXODGRQmRVH SRGHPHQFRQWUDUQDSHQ~ULDGDVILQDQoDVS~EOLFDV$VVLPSRUH[HPSORR HVIRUoRSDUDVHWHUDFRPSDQKDGRD(VSDQKDHQWUHWUDGX]LUVHLD HPDSHQDVPDLVGDGHVSHVDS~EOLFDDQXDORXGR3,% XPLQYHVWLPHQWRHGXFDFLRQDOKRPyORJRDRHVSDQKROHQWUHWHULD VLGRSRVVtYHODIHFWDQGRXPGLIHUHQFLDOGHGDGHVSHVDS~EOLFDRXFHUFD GHGR3,% 1DVSDODYUDVGRLQYHVWLJDGRUDH[SOLFDomRVySRGHHQWHQGHUVHQXPDIDOWD GHYRQWDGHSROtWLFDVXILFLHQWH³(PERUDWDQWDVYH]HVSURSDODGRRGHVHMRGH TXHLVVRDFRQWHFHVVHHVFRODUL]DomRRIDFWRpTXHQmRVHPDQLIHVWRXDR ORQJR GR VpFXOR ;,; D YRQWDGH SROtWLFD VXILFLHQWH SDUD FRQFUHWL]DUHVWHV REMHFWLYRVDSHVDUGHRVUHFXUVRVSDUDWDOQmRVHUHPFRPRMiYLPRVVHTXHU H[FHVVLYRV)DOWRXDPRWLYDomRSDUDHVVDLQWHUYHQomRHPFRQWUDVWHFRPR TXHVHYHULILFRXQRXWURVHVWDGRVGR6XOGD(XURSD 2V~OWLPRVDQRVGRVpFXOR;;WUDGX]LUDPVHQXPHVIRUoRVXVWHQWDGRGD QDomRSDUDJDOJDUXPDSDUWHGRIRVVRTXHFRQWLQXDDVHSDUDUQRVGRUHVWR GD(XURSDGHVHQYROYLGD1RSODQRGRVSULQFtSLRVDSULRULGDGHjHGXFDomR HjIRUPDomRGRVSRUWXJXHVHVSDUHFHWHUDVVHJXUDGDXPDSUHVHQoDUHOHYDQWH QRGLVFXUVRSROtWLFRGHWRGRVRVTXDGUDQWHV5HVWDVDEHUVHHVVHGLVFXUVR SRGHVHUWUDQVIRUPDGRQXPDDFomRFRQWLQXDGDGHUHYHUVmRGRDWUDVRHVWUX WXUDOTXHQRVSHUVHJXHKiSHORPHQRVGX]HQWRVDQRVHDSXUDUVHRSDtV WHP D HQHUJLD LQWHULRU SDUDHYLWDUFRPHWHURDOIREUHGHHUURVGRSDVVDGR GHVLJQDGDPHQWHTXDQGRSHUVLVWLXHPPDQWHUXPSDUDGLJPDGHHGXFDomRGH TXHRUHVWRGD(XURSDVHHVWDYDDGHVFDUWDU 2VSUy[LPRVDQRVVmRDJUDQGHRSRUWXQLGDGHSDUDUHFXSHUDUGHILQLWL YDPHQWHGpFDGDVGHDWUDVRHGXFDWLYR &$3Ë78/2,,,6(,67(0$6&$1Ï1,&26 $HQRUPHVRPDGHLGHLDVFRQFHLWRVHSURSRVWDVTXHHPHUJLXGHFHUFDGH GRLVDQRVGHDWXUDGRHVWXGROHYDGRVDFDERDWUDYpVGHFRPSHWHQWHVHGHGL FDGDVHTXLSDVGHLQYHVWLJDGRUHVpGHGLItFLOVXPDUL]DomR $VVLPPDLVGRTXHWHQWDUUHDOL]DUXPDVtQWHVHSRUPHQRUL]DGDGDVYDVWDV FHQWHQDV GH SiJLQDV HODERUDGDV QR kpelwr GR SUHVHQWH SURMHFWR ± VtQWHVH TXHDRLQYpVGHDFUHVFHQWDUYDORUFRUUHULDRVpULRGHULVFRGHUHWLUDUSUR IXQGLGDGH jv DQiOLVHV VHFWRULDLV ± LUHPRV SURFHGHU QD SUHVHQWH VHFomR D $VUD]}HVGR GHVLQYHVWLPHQWR QDHGXFDomR QmRVHHQFRQ WUDPQDSHQ~ ULDGDVILQDQ odvs~eolfdv $H[SOLFDomR GRDWUDVR HGXFDWLYR SRUWXJXrVQR VpFXOR;,; UDGLFDQXPD IDOWDGHYRQWDGH SROtWLFD 8PGHVDILR LQGHFOLQiYHO SDUDRV SUy[LPRV DQRV 6HLVWHPDV RUWRJRQDLVH WUDQVYHUVRV,ELGHP

13 XP EUHYH FRWHMR GH VHLV WHPDV FDQyQLFRV TXH GH XP PRGR RX GH RXWUR HPHUJLUDPFRPRRUWRJRQDLVHWUDQVYHUVRVjJHQHUDOLGDGHGDVSUHRFXSDo}HV LQYHQWDULDGDV 2VVXPiULRVGHFDGDXPGRVGR]HHVWXGRVVHFWRULDLVDOHLWXUDTXDQWLWDWLYD RWUDWDPHQWRGDVRQGDJHPGHRSLQLmRDVVLPFRPRDVWUrVVtQWHVHVWHPiWL FDV KRUL]RQWDLV ± FRQGLFLRQDQWHV FRQWH[WXDLV IDFWRUHV HQGyJHQRV H MRJR GRVDFWRUHV±IRUQHFHPDROHLWRUHVSHFLDOL]DGRDSRVVLELOLGDGHGHXPDUiSL GDLQFXUVmRSRUXPDRXRXWUDGDVYHUWHQWHVTXHPHOKRUOKHLQWHUHVVHH[SOR UDU)LFDIHLWRRFRQYLWH 2WHPiULRHVFROKLGRHQFRQWUDVHUHXQLGRHPWRUQRGRVVHLVQ~FOHRVVH 8PWHPiULR JXLQWHV SDUDSDQRGH IXQGRGRIXWXUR 2V3RUWXJXHVHVHRV6DEHUHV 7RGRVD9HQFHU 8P/XJDUGH&LYLOL]DomR 1yVHRV2XWURV $YDOLDUSDUD0XGDU 0RELOL]DUSDUDD6RFLHGDGH(GXFDWLYD (VWHWHPiULRHVWDEHOHFHRSDQRGHIXQGRSDUDRVFHQiULRVSURVSHFWLYRVTXH VHUmRWUDWDGRVHPFDStWXORVVXEVHTXHQWHV 3DUDMiWRUQDVHRSRUWXQRH[SOLFLWDUDLQGDTXHFRPEUHYLGDGHRVHQWLGRGH FDGD XP GRV WHPDV UHWLGRV H UHOHYDU D VXD LPSRUWkQFLD SDUD DV SUy[LPDV GXDVGpFDGDVGDHGXFDomRHP3RUWXJDO 8PFRQYLWHj H[SORUDomRGRV GRFXPHQWRV HVSHFLDOL]DGRV 2V3RUWXJXHVHVHRV6DEHUHV,PDJLQDUDHGXFDomRGRIXWXURpLQGLVFHUQtYHOGHUHIOHFWLUVREUHDUHODomR HQWUHRVSRUWXJXHVHVHRVVDEHUHV (VVDIRLVHPSUHXPDUHODomRGHWHUQXUDHGHYHQHUDomRPDXJUDGRDVYLFLV VLWXGHVSROtWLFDVGDKLVWyULD $GHWHQomRGHVDEHUFHUWLILFDGRIXQFLRQRXLQYDULDYHOPHQWHFRPRELOKHWHGH HQWUDGDSDUDRVHVFDO}HVVXSHULRUHVGDSLUkPLGHVRFLDO2LPDJLQiULRIDPL OLDUSURMHFWRXGHJHUDomRHPJHUDomRDPELo}HVHHVSHUDQoDVQDHGXFDomR GRVILOKRVHQHWRV$HVWUDWLILFDomRGDVHVWUXWXUDVRFXSDFLRQDLVUHVHUYRXRV PHOKRUHVHPSUHJRVSDUDRVPDLVVRQDQWHVGLSORPDVQmRQHFHVVDULDPHQWH SDUDRVHPSUHJDGRVPDLVPHULWyULRV$IXQomRS~EOLFDpDLQGDRHVSHOKR DUFDQRGDSUHYDOrQFLDGRGLSORPD±³FDQXGR QDOLQJXDJHPYHUQDFXODU± VREUH D DYDOLDomR GH PpULWR $ VRFLHGDGH HVWDWXWiULD UHSURGX]LX UHQGDV 6DEHUFHUWLIL FDGRH HVWUDWLILFDomR VRFLDO

14 FRQWLQXDGDPHQWHHOHYDGDVSDUDDPLQRULDGHWHQWRUDGHVDEHUHVFHUWLILFDGRV FXMDHURVmRVypSRVVtYHOQXPDVRFLHGDGHPHULWRFUiWLFD $RSRUWXQLGDGHSHUGLGDQDMXYHQWXGHVyVHULDVXVFHSWtYHOGHVHUUHFXSHUDGD QD JHUDomR VHJXLQWH VDOYR KRQURVDV H[FHSo}HV *HUDo}HV VXFHVVLYDV GH SRUWXJXHVHVDFHLWDUDPVXEPLVVDPHQWHHVVDIDWDOLGDGHVHPYLVOXPEUDUDO WHUQDWLYD $YHUGDGHpTXHRVSUy[LPRVDQRVYmRWHUGHRSHUDUXPDUDGLFDOPRGL ILFDomR QHVWH HQWHQGLPHQWR HVWiWLFR GD HGXFDomR +i XPD UHYROXomR D RSHUDUQDPHQWDOLGDGHGDVSHVVRDVHQDFXOWXUDGDVRUJDQL]Do}HV 8PDUHYROXomR GHPHQWDOLGDGHV HGHFXOWXUDVGH RUJDQL]Do}HV $HGXFDomRYLWDOtFLDpVLQyQLPRGHXPDHVFRODjFRQTXLVWDGHQRYRVS~EOL FRVGHXPDXQLYHUVLGDGHTXHFDSULFKDHPDFRPSDQKDURVVHXVGLSORPDGRV DRORQJRGDYLGDSHVVRDOHSURILVVLRQDOGDFRQVWUXomRGHXPVLVWHPDDEHUWR HIOH[tYHO±FRPP~OWLSODVHQWUDGDVHVDtGDV±TXHID]GDSUR[LPLGDGHHGD DUWLFXODomRFRPDYLGDUHDOXPIDFWRUSHUPDQHQWHGHDXWRUHQRYDomR 9LVWDSHORODGRGDSHVVRDTXHDSUHQGHDHGXFDomRYLWDOtFLDUHSUHVHQWDQR PtQLPRTXDWURGHVDILRVFRQMXJDGRVFRQFUHWL]DGRVQDVFDSDFLGDGHVGH ([WUDLUFRQKHFLPHQWRGDLQIRUPDomR &RQVWUXLUVDEHGRULDDSDUWLUGRFRQKHFLPHQWR &RPSUHHQGHURHVSOHQGRUGDYLGDFRQWLGRQRYLYHU )UXLURSUD]HUGHDSUHQGHUQDSDUWLOKDHQDFRPXQLFDomR $UHODomRVDEHUHVFRQKHFLPHQWRVFRPSHWrQFLDVpGLQkPLFD(ODWHPOXJDU HPLQVWLWXLo}HVHGXFDWLYDVTXHVHWUDQVILJXUDPGHXQLGDGHVGHHQVLQRHP FHQWURVGHDSUHQGL]DJHPLQWHUHPXOWLJHUDFLRQDO$VHVFRODVHXQLYHUVLGD GHVVmRHODVSUySULDVRUJDQL]Do}HVDSUHQGHQWHVHRVSURIHVVRUHVDFHLWDPR GHVDILRGHOLGHUDUDVRFLHGDGHTXHDSUHQGHHPFRQWLQXLGDGH $LQYHVWLJDomROHYDGDDFDEROLJDQGRWHQGrQFLDVPXQGLDLVHHXURSHLDVjV QRYDV H[LJrQFLDV GH FRPSHWrQFLDV QHFHVViULDV H GH SHUILV SURILVVLRQDLV GHVHMiYHLVpPXLWRHOXFLGDWLYD$PXGDQoDHPFXUVRTXHUQDRUJDQL]DomR GRWUDEDOKRTXHUQRIXQFLRQDPHQWRGDVVRFLHGDGHVGHPDQGDDSWLG}HVGH DGDSWDomRHGHLQRYDomRFDGDYH]PDLVFUtWLFDV2HVWXGRGDVGLQkPLFDVGH FRQWH[WR PRVWURX j HYLGrQFLD FRPR D WD[D GH LQRYDomR H GH DGRS omrglixvmrgdvsuysuldvlqrydo}hvfrqglflrqddvxvwhqwdelolgdghgrfuhv FLPHQWRHGRGHVHQYROYLPHQWRHFRQyPLFRGRVSDtVHVUHJL}HV $HGXFDomR YLWDOtFLD 4XDWURFDSDFL GDGHVFRQWLGDV QDHGXFDomR YLWDOtFLD (VFRODVH XQLYHUVLGDGHV FRPRRUJDQL ]Do}HV DSUHQGHQWHV 1RYDVFRPSH WrQFLDVH FDSDFLGDGHGH LQRYDomR 50DUTXHV±8PD/HLWXUDGDV&RQGLFLRQDQWHVGR&RQWH[WR'LVFHUQLPHQWR)RFRH$GDSWD omr,qrydomr

15 $FRQYLYrQFLDFRPDVQRYDVWHFQRORJLDVpQDWXUDOQDPHGLGDHPTXHHVWDV VmRRSULQFLSDOJHUDGRUHWUDQVPLVVRUGHQRYRFRQKHFLPHQWR$OLWHUDFLD QHFHVViULDSDUDOLGDUFRPDVQRYDVWHFQRORJLDVLQWHJUDWDPEpPRSDFRWHGH FRPSHWrQFLDVEiVLFDVHGHVDEHUHVLQVWUXPHQWDLVTXHGHYHVHUDSURSULDGR SRU WRGRV RV FLGDGmRV FRPR Mi IRL DPSODPHQWH VLJQLILFDGR 1D PHVPD OLQKDDWUDQVIRUPDomRJDORSDQWHGDFDSDFLGDGHWHFQROyJLFDGHDUPD]HQDU SURFHVVDUJHULUHWUDQVPLWLUGDGRVHOHJHRVFRQWH~GRVGLJLWDLV±HDFDSDFL GDGHGHRVSURGX]LU±FRPRXPDFRPSHWrQFLDYHUGDGHLUDPHQWHQXFOHDUGRV QRYRVPRGRVGHFRPXQLFDUHGHDSUHQGHU 2V VDEHUHV VRE IRUPD GLJLWDO DSUHVHQWDP XP QRYR UHSWR j HVFROD &DGD FHQWURHGXFDWLYRFDGDLQVWLWXLomRGHIRUPDomRpVROLFLWDGRDDSRVLFLRQDUVH FRPRXQLGDGHFULDWLYDGHFRQWH~GRVHD³HPEDUFDU GHFLGLGDPHQWHQDHUD GDVLQG~VWULDVGHFRQWH~GRV$RLQYpVGHVHUHPPHURVFRQVXPLGRUHVSDV VLYRV GH FRQWH~GRV GLGiFWLFRV SUHSDUDGRV SRU RXWUHP D HVFROD H RV VHXV SULQFLSDLV SURWDJRQLVWDV DOXQRV H SURIHVVRUHV SRGHP DVVXPLU XP SDSHO DFWLYRQDSURGXomRHGLVVHPLQDomRGHVVHVPHVPRVFRQWH~GRVYDORUL]DQGR DVXDDFomRSHGDJyJLFDHDVXDIXQomRFRPRXQLGDGHSHGDJyJLFD³YLYD 1XPFRQWH[WRGHVDEHUHVGLJLWDLVHGHQRYDVFRPSHWrQFLDVFULDWLYDVFDGD SHUVRQDOLGDGHpHVWLPXODGDDFRQTXLVWDUDVDEHGRULDGDVVtQWHVHVHDEXVFDU R VHQWLGR GDV FRLVDV 2V VDEHUHV FRGLILFDGRV YmR GH SDU FRP RV VDEHUHV WiFLWRV $ GLJQLGDGH GR DSUHQGHU ID]HQGR p SOHQDPHQWH UHFRQKHFLGD H DFUHGLWDGD 1RGHFXUVRGDVGXDVSUy[LPDVGpFDGDVWRGRVRVTXHHYLGHQFLDPSRWHQFLDO GHDSUHQGL]DJHPVmRHQFRUDMDGRVDWUDQVIRUPiORHPDFWRHGXFDWLYRVHP OLPLWDomRGHFRQGLomRRXGHIRUPDomRLQLFLDO2VLVWHPDHPSHQKDVHQD UHDELOLWDomRGHJHUDo}HVDEDQGRQDGDV0HGLDQWHDH[SDQVmRGDDXWRHVWLPD HFRQILDQoDGRVVHXVPHPEURV±SULQFLSDOPHQWHGRVTXHIRUDPREMHFWRGH PDLVH[WUHPDH[FOXVmR±VXSHUDUVHmRWUDXPDVHVFRODUHVHSRVVLELOLWDUVHmR QRYDVDSUHQGL]DJHQV $OLWHUDFLD WHFQROyJLFDHD DVFHQVmRGRV FRQWH~GRVQR PXQGRGLJLWDO HPWUDQVIRU PDomR $HVFRODFRPR XQLGDGHFULDWLYD GHFRQWH~GRV HGXFDFLRQDLV $VDEHGRULD GDVVtQWHVHVHR VHQWLGRGDV FRLVDV $XWRHVWLPDH FRQILDQoD± UHTXLVLWRV GDVQRYDV DSUHQGL]DJHQV $HGXFDomRYLWDOtFLDpDDODYDQFDSDUDRFRQVHJXLU 7RGRVD9HQFHU $ILORVRILDHGXFDWLYDDFHLWDVHPUHFHLRQHPWHPRUDQHFHVVLGDGHGHHVWL PXODUDH[FHOrQFLDHGHSUHPLDURPpULWR 2VSULQFtSLRVGDHTXLGDGH±HPVLPHVPRVMXVWRVHQHFHVViULRV±QmRSR GHPVHUXPHQWUDYHjQDWXUDOH[SUHVVmRGRYDORUSHVVRDOHjVXDDWHPSDGD HVWLPXODomRVREULVFRGHVHFRPHWHUHPLQMXVWLoDVVRFLDOPHQWHLQWROHUiYHLV ([FHOrQFLDH HTXLGDGH

16 2VYDORUHVGHFRPSHWLomRTXHLPSHUDPQDHFRQRPLDGHPHUFDGRWHUmRGH VHUFRPSDWtYHLVFRPYDORUHVGHKXPDQLVPRTXHXPVLVWHPDHGXFDWLYRVROL GiULRQmRSRGHGHVFXUDU5HVXOWDHQWmRLPSUHVFLQGtYHODIRUPDomRSDUD RFXSDUXPOXJDUDFWLYRQXPPHUFDGRFRPUHJXODomR$IRUPDomRSDUDR HPSUHHQGRULVPRHSDUDRULVFRWUDQVIRUPDVHQXPDPHWDDOPHMDGDHQXP SURSyVLWRHGXFDWLYRFODUR 1HVWHHQTXDGUDPHQWRDHGXFDomRSDUDDMXVWLoDLPS}HVHFRPRXPDSULR ULGDGHDOWDHDUHIOH[mRVREUHDVFRQWLQJrQFLDVGDFRQGLomRKXPDQDRFXSD XPOXJDUQHYUiOJLFRQRHTXLOtEULRJHUDOGRVFRQWH~GRVHVFRODUHV $ LQFOXVLYLGDGH HGXFDWLYD p SDUWH LQGLVVRFLiYHO GR SDFWR GH GHVHQYROYLPHQWRKXPDQRHVRFLDODVXVWHQWDUQRWHPSR8PDQRYDRUGHP HGXFDWLYDWUDQVSRUWDDHVSHUDQoDGHVXSHUDURSDUDGLJPD³FRQGHQDWyULR GR PRGHORLQGXVWULDOGHHGXFDomR $ FRRSHUDomR SDUD D FRPSHWLWLYLGDGH SDVVDUi D LQVSLUDU DV PHWRGRORJLDV HGXFDWLYDV GHVGH D PDLV WHQUD LGDGH 2V SURFHVVRV GH GLVVHPLQDomR GH FRQKHFLPHQWRWiFLWRDSURYHLWDUmRRVDPELHQWHVSDUWLFXODUPHQWHSURStFLRVj FRRSHUDWLYLGDGHHjIRUPDomRSDUDDHQWUHDMXGD )XQFLRQDQGRWDQWRTXDQWRSRVVtYHOLQWHJUDGRVHPUHGHVHSDUWHQDULDGRVRV SURFHVVRV GH DSUHQGL]DJHP VHUmR JHUDGRUHV GH FDSLWDO VRFLDO QD H[DFWD PHGLGDHPTXHVDLEDPFRPSDJLQDUDLQLFLDWLYDLQGLYLGXDOFRPDFRODERUD omrvrfldohfrpxqlwiuld 'RPHVPRPRGRQDPHGLGDHPTXHRVSURFHVVRVHGXFDWLYRVFRQWULEXDP SDUD R UHIRUoR GD FRHVmR VRFLDO HOHV HVWDUmR D HQULTXHFHU D TXDOLGDGH GD YLGDFRPXQLWiULDHDHVWDEHOHFHURVIXQGDPHQWRVHIHFWLYRVGRGHVHQYROYL PHQWRVXVWHQWiYHO 8P/XJDUGH&LYLOL]DomR 9DORUHVGH FRPSHWLomRH GHHPSUHHQGR ULVPR (GXFDomRSDUD DMXVWLoD,QFOXVLYLGDGH HGXFDWLYD &RRSHUDomR SDUDDFRPSHWL WLYLGDGHHIRU PDomRSDUDD HQWUHDMXGD *HUDomRGH FDSLWDOVRFLDO $TXDOLGDGHGH YLGDFRPXQLWi ULD 1XPFHQiULRRULHQWDGRSDUDDYDORUL]DomRGDVREHUDQLDFRPXQLWiULDDHVFR ODHDXQLYHUVLGDGHUHRFXSDPXPOXJDUFHQWUDOQRHVSDoRGDSROLV $VREHUDQLD FRPXQLWiULD OHYDj 5HYLJRUDGDV SHOD DFHLWDomR GH QRYDV PLVV}HV ± GHVLJQDGDPHQWH QR TXH LQWHUHVVDjFRQFUHWL]DomRGHXPVLVWHPDGHHGXFDomRHDSUHQGL]DJHPYLWD (0RULQSURS}HUHRUJDQL]DUWRGRRFXUUtFXORHVFRODUHPWRUQRGHTXDWURDSUHQGL]DJHQV DSUHQGHU D FRQGLomR KXPDQD DSUHQGHU D YLYHU DSUHQGHU D RUJDQL]DU FRQKHFLPHQWRV H DSUHQGHUDFLGDGDQLD9HU 0RULQ(5HOLHUOHV&RQQDLVVDQFHV3DULVeGLWLRQVGX6HXLO 0RULQ(/HVVHSWVDYRLUVQpFHVVDLUHVjO pgxfdwlrqgxixwxu3dulv81(6&2 HVFRODFRPR FHQWURFtYLFR SRUH[FHOrQFLD Hj

17 OtFLDV±DVLQVWLWXLo}HVHGXFDFLRQDLVVmRXPFHQWURFtYLFRSRUH[FHOrQFLD XPORFXVGRVRQKRFRPXQLWiULRXPIXOFURGDYLGDFLGDGm $TXDOLGDGHGDYLGDXUEDQDHDKDUPRQLDGDVSXOV}HVGHFRPXQLGDGHSR GHPWHUDHVFRODFRPRFRUDomR8PDHVFRODTXHHODPHVPRUHSUHVHQWD XP Q~FOHR GH TXDOLGDGH GH YLGD H GH H[FHOrQFLD QR GLiORJR HVSiFLR WHPSRUDOHPTXHHVWiPHUJXOKDGD &RQKHFLPHQWR &XOWXUD H &RQILDQoD ± IDFWRUHV & ± IRUPDP XPD WULORJLD LQGLVSHQViYHOQXPDFLGDGHFHQWUDGDQRVVDEHUHVHGHWHUPLQDGDDFRQVWUXLU SURSyVLWRHVHQWLGRSDUDRVVHXVKDELWDQWHV$VVLPXPDFLGDGHGRFRQKH FLPHQWRHGDLQIRUPDomRpDTXHODTXHGHVHQYROYHQDVVXDVFRPXQLGDGHV FRQVWLWXLQWHVXPDYHUGDGHLUDFXOWXUDDSUHQGHQWHVXVWHQWDGDQDFXULRVLGDGH QRHVWXGRQDSHVTXLVDSHVVRDOQRVHQWLGRGRULVFRHQRJRVWRSHODDSURSUL DomRGRQRYR &LGDGHFLGDGDQLDFLYLOL]DomRUDGLFDPQXPPHVPRpWLPR6mRGHFOLQD o}hvghxp~qlfrghvdilrsduddvsuy[lpdvgpfdgdv 6mRGLVFHUQtYHLVSHORPHQRVFLQFRGLPHQV}HVIXQGDPHQWDLVGDFLGDGDQLD TXH D HVFROD QmR SRGH GHL[DU GH HQVLQDU GHPRFUiWLFD VRFLDO SDULWiULD LQWHUFXOWXUDOHDPELHQWDO (VWDVGLPHQV}HVVmRHVWUXWXUDQWHVGDFLGDGHGD DSUHQGL]DJHP WHPD TXH IRL YLQFDGDPHQWH WUDWDGR QXP GRV JUXSRV GH HVWXGRHTXHYHPJORVDGRQDVtQWHVHWUDQVYHUVDUHVSHLWDQWHjVGLQkPLFDVGH FRQWH[WR HVFRODFRPR Q~FOHRGHTXD OLGDGHGHYLGD &RQKHFLPHQWR &XOWXUDH&RQ ILDQoD±EDVHV GDFXOWXUD DSUHQGHQWH &LQFRGLPHQ V}HVGDQRYD FLGDGDQLD (GXFDUQDHSHODTXDOLGDGHpXPFRQWULEXWRLPSUHVFLQGtYHOSDUDDSURVVH FXomRGHVVHPDJQRGHVDILR 6yDVVLPpTXHDHVFRODSRGHUiGHVHPSHQKDUXPSDSHOUHQRYDGRGHUHTXD OLILFDomRGDYLGDXUEDQD (VFRODH UHTXDOLILFDomR GDYLGDXUEDQD 1yVHRV2XWURV 6HQGRSRUWDGRUDGRVPDLVUHSUHVHQWDWLYRVIXQGDPHQWRVKXPDQLVWDVHFULV WmRV±DOLiVXPDUHIHUrQFLDFRQVWDQWHGRVHVFULWRVGH$JRVWLQKRGD6LOYD GHVLJQDGDPHQWHQDVXDH[HJHVHWULQLWiULDHSQHXPDWROyJLFD±³DLGHQWLGDGH SRUWXJXHVDGHXVHDRPXQGRVHPUHWRUQRFRPEDVHQXPDOtQJXDSOiVWLFDH &DUQHLUR5³&LGDGH'LYHUVLGDGHH$SUHQGL]DJHPQD6RFLHGDGHGD,QIRUPDomR WH[WRSROLFRSLDGRDSXEOLFDUHP&DUQHLUR5³)XQGDPHQWRVGD(GXFDomRHGD $SUHQGL]DJHP 9LOD1RYDGH*DLD)XQGDomR0DQXHO/HmR &DUQHLUR 5 ³(GXFDomR SDUD D &LGDGDQLD H &LGDGHV (GXFDGRUDV %URWpULD QžYRO$EULO (P50DUTXHVLELGHP,GHQWLGDGH SRUWXJXHVD± IXQGDPHQWRV KXPDQLVWDVH FULVWmRV

18 G~FWLODOPDFURPiWLFDSiWULDVHPWHUULWyULRUHLQRFRPXQDOIHLWRGHLJXDLV TXHVHUHDOL]DQR%HOOXPVLQHEHOOR+LVWyULDVHPRWHPSRHTXHVHYrXO WUDSDVVDGDHPSHUPDQrQFLDOHPDGR%UDVmR±QREUHHILGDOJR±FDQWDGR SHORSRHWDGDQRVVDHWHUQLGDGHHGR4XLQWR,PSpULR $SUHQGHUGLIHUHQWHPHQWH±VHMDQD,QWHUQHWVHMDHPFRPXQLGDGHVUHDLVRX YLUWXDLV±VLJQLILFDUHWRPDUHVVHGLiORJRQRVGRLVPXQGRVHPTXHVHUHSDUWH DDOPDSRUWXJXHVDDHQGRQRPLDHDKHWHURQRPLD $ DOWHULGDGH HVWi RPQLSUHVHQWH QD IRUPDomR GD LGHQWLGDGH QDFLRQDO ³6r SOXUDOFRPRR8QLYHUVR prvxeolphpdqgdwrshvvrdqr (QGRQRPLDH KHWHURQRPLD $OWHULGDGH SRUWXJXHVD (OHFRQWHPXPLGHiULRQtWLGRSDUDVXOFDURVRFHDQRVGRIXWXUR$FDULQKDUD /tqjxd 3iWULD DQWHV GH PDLV GRWDQGR WRGRV RV SRUWXJXHVHV GRV FRQKHFL PHQWRV SDUD D FRPXQLFDU FRP SURSULHGDGH H VHQWLGR pwlfr 'LWR LVWR p WDPEpP LPSHULRVR TXH RV SURFHVVRV HGXFDWLYRV FXOWLYHP VHP UHVWULomR R GRPtQLRGHRXWUDVOtQJXDVHFyGLJRVFXOWXUDLV 2VSRUWXJXHVHVVHPSUHVHDJLJDQWDUDPTXDQGRVRXEHUDPHQFHWDUHQFRQWURV GH SRYRV H FXOWXUDV 2 GHVHQYROYLPHQWR GH FRPSHWrQFLDV GH PHGLDomR LQWHUFXOWXUDO QmR SRGHUi DVVLP GHL[DU GH RFXSDU XP OXJDU FLPHLUR QDV HVWUDWpJLDVHGXFDFLRQDLV 8PDGDVLQWHUSUHWDo}HVSRVVtYHLVSDUDRGHVLQYHVWLPHQWRHGXFDWLYRSRUWX JXrVQRVpFXOR;,;IRLDUHODWLYDKRPRJHQHLGDGHGDQDomRHPFRQWUDVWH FRPRGHVDILRGDFRQVWUXomRGDXQLGDGHHPVRFLHGDGHVSOXULOLQJXtVWLFDVH PXOWLFXOWXUDLVFRPRHUDUHJUDHPTXDVHWRGDD(XURSD1RQRVVRSDtVD DSRVWDQDHVFRODFRPRLQVWUXPHQWRLGHROyJLFRGHFRQIRUPDomRGR(VWDGR QDomR QmR VH UHYHORX GHFLVLYD 'HFRUULGR WRGR HVWH WHPSR VXUJH DJRUD FRPR TXH XP GHVDILR FRPSOHPHQWDU R GH ID]HU GD HVFROD XP OXJDU GH FRQVWUXomRGHFDSLWDOVRFLDOHGHFRHVmRFRPXQLWiULDQRUHVSHLWRSHODGL YHUVLGDGHKXPDQDHQDFHOHEUDomRGDULTXH]DPXOWLFXOWXUDO $LPSRUWkQFLD GD/tQJXD 3iWULD &RPSHWrQFLDV GHPHGLDomR LQWHUFXOWXUDO $SRVWDUQD HGXFDomRFRPR HQWUHSRVWRGH FXOWXUDVHORFXV GHGLYHUVLGDGH $FRQILDQoDSDUDRGLiORJRFRPRVRXWURVEURWDUiHQWmRGDFRQVWUXomRGH SURMHFWRVSHVVRDLVIDYRUHFHGRUHVGHLGHQWLGDGHVIRUWHVHDEHUWDVDRGLIHUHQ WH,GHQWLGDGHV IRUWHVHDEHUWDV DRGLIHUHQWH $YDOLDUSDUD0XGDU $ JRYHUQDELOLGDGH GHPRFUiWLFD H D PXQGLDOL]DomR GR SODQHWD WRUQDUDP LQVXVWHQWiYHODRSDFLGDGHDGPLQLVWUDWLYD &DUQHLUR5HWDO$,QG~VWULDGH&RQWH~GRV&XOWXUDLVHP3RUWXJDOHVWXGRSDUD RV0LQLVWpULRVGD(FRQRPLDHGD&XOWXUDDSXEOLFDU

19 $V VRFLHGDGHV VmR FDGD YH] PDLV WUDQVSDUHQWHV $ PHGLDWL]DomR GD YLGD S~EOLFDpLUUHYHUVtYHOHRVVLVWHPDVGHSUHVWDomRGHVHUYLoRVS~EOLFRVHVWmR KRMH VXEPHWLGRV D SUHVV}HV LQVXVSHLWDGDV Ki DSHQDV SRXFRV DQRV SDUD VH VXEPHWHUHPDXPPDLVDSHUWDGRFRQWURORVRFLDO %RDV SUiWLFDV SHGDJyJLFDV EHQFKPDUNLQJ LQGLFDGRUHV GH FRPSDUDomR H[DPHVGDVSROtWLFDVHGXFDWLYDVSUiWLFDVGHPRQLWRULDDYDOLDo}HVLQWHUQD FLRQDLVGHUHVXOWDGRVHVFRODUHVVmRDOJXPDVGDVIDFHWDVGHVVHPRYLPHQWR JOREDOTXHDIHFWDRVVLVWHPDVHGXFDWLYRVVHPH[FHSomR2VVLVWHPDVHGXFD WLYRVTXHUHJLVWDPPDLRUSURJUHVVRVmRSRUYLDGHUHJUDDTXHOHVTXHDFHL WDPXPDDYDOLDomRWHQGRSRUUHIHUrQFLDSURMHFWRVGDYLGDUHDORXTXHFRP HODVHHQWUHODoDPIRUWHPHQWH 2VSURMHFWRVGHDYDOLDomRGHUHVXOWDGRVHVFRODUHVSRUDSOLFDomRGHWHVWHV SDGURQL]DGRV D QtYHO LQWHUQDFLRQDO HVWmR D WRUQDUVH FDGD YH] PDLV IUH TXHQWHVHVXVFLWDPDSDL[RQDGRVGHEDWHV*RYHUQRVIDPtOLDVFRPXQLFDomR VRFLDOHGXFDGRUHVLQYHVWLJDGRUHVVmRLQFDSD]HVGHSHUPDQHFHULQGLIHUHQ WHVDRVUHVSHFWLYRVUHVXOWDGRV $YDOLDUSDUDPHOKRUFRQKHFHUHGDtIXQGDPHQWDUXPDRSomRFRQVFLHQWHSRU HVWUDWpJLDVGHPXGDQoDUHSUHVHQWDXPDDOWHUDomRSURIXQGDGHFXOWXUDVLV WpPLFD(VVDLQHYLWDELOLGDGHWHUiGHGHL[DUGHFRQVWLWXLUXPFDVXVEHOLSDUD WRGRVRVDFWRUHVHQYROYLGRV3DLVSURIHVVRUHVGLUHFWRUHVDGPLQLVWUDGRUHV VySRGHUmRHVSHUDUTXHDWHQGrQFLDVHDFHQWXHHTXHDVFRQVHTXrQFLDVGRV SURFHVVRVGHDYDOLDomRVHYHQKDPDJHQHUDOL]DU 2FRQFHLWRGHTXDOLGDGHQDySWLFDGRFRQVXPLGRUHPHUJHFRPIRUoDLPSD UiYHOHPWRGRVRVGRPtQLRVGDDFWLYLGDGHHFRQyPLFD3RULVVRQmRHVSDQWD TXHPXLWDVDQiOLVHVYHQKDPDVXEOLQKDUDLQGLVSHQVDELOLGDGHGHRSUySULR VLVWHPDHGXFDWLYRYLUDUHFHQWUDUVHHPWRUQRGHXPPRYLPHQWRJOREDOH PXQGLDOL]DGRGHIRFDJHPQRFOLHQWHHGHSULRULGDGHDEVROXWDjSHVVRDKX PDQDFRQWLGDHPFDGDDOXQR(PPXLWRVDVSHFWRVDDIHULomRGDTXDOLGDGH GD HGXFDomR HVWi DVVLP D SURSHQGHU SDUD EHQFKPDUNV GH VDWLVIDomR GDV QRYDV QHFHVVLGDGHV VRFLDLV H GH FLGDGDQLD H[SOLFLWDGRV SHORV SULQFLSDLV XWLOL]DGRUHVGDVLQVWLWXLo}HVHGXFDFLRQDLV 3RUWXJDOQmRSRGHIXJLUDHVVDWHQGrQFLD$VXDLQVHUomRQRPXQGRHQD 8QLmR (XURSHLD ± DVVLP FRPR DV VXDV OHJtWLPDV DVSLUDo}HV D RFXSDU XP OXJDUGHUHOHYRQRWDEXOHLURLQWHUQDFLRQDO±WRUQDUDPFRPSOHWDPHQWHLP SRVVtYHORUHWRUQRjSROtWLFDGR³RUJXOKRVDPHQWHVyV 2PDQGDWRGD WUDQVSDUrQFLD 8PPRYLPHQWR JOREDOH[WHQVt YHODWRGRVRV VLVWHPDV HGXFDWLYRV 7HVWHVSDGURQL ]DGRVLQWHUQD FLRQDLV $YDOLDUSDUD PHOKRUFRQKH FHUWRUQD DTXDOLGDGHH IRFDJHPQR DOXQRWHPD LQGLVSHQViYHOH JOREDOSRU LVVR LPSRVVtYHOR UHWRUQRDR LVRODPHQWR %HPSHORFRQWUiULRRSDtVWHUiGHDDEUDoDUSRULQWHLURVHTXLVHUWLWXODUD PXGDQoDHJHULURVFXVWRVGDWUDQVLomRQHFHVViULD$VH[SHULrQFLDVHPFXU 7LWXODUD PXGDQoDH

20 VRQRV~OWLPRVDQRVTXHIRUDPJUDGXDOPHQWHHVWHQGLGDVFRPR³PDQFKDGH yohr DWRGDDiUHDGRHQVLQRVXSHULRU±XQLYHUVLWiULRHSROLWpFQLFRS~EOLFR HSDUWLFXODU±VmRXPSDWULPyQLRPXLWRSRVLWLYRTXHILFDDFUpGLWRGDVLQVWL WXLo}HVLPSOLFDGDVRTXDOPHUHFHVHUPHOKRUDGRHDODUJDGRDRXWURVQtYHLV GHHQVLQR $ IL[DomR GH SDGU}HV GH GHVHPSHQKR DIHULGRV SRU QtYHLV LQWHUQDFLRQDLV ID]SDUWHLQWHJUDQWHGRFDPLQKRTXHWHUiGHVHUJUDGXDOPHQWHWULOKDGRSHODV LQVWLWXLo}HV QDFLRQDLV 6y XPD VyOLGD FXOWXUD GH DYDOLDomR SRGH IRPHQWDU XPDSRVWXUDGH³UHIOH[LYLGDGH TXHDSRVWDQDDSUHQGL]DJHPLQVWLWXFLRQDOH QDPHOKRULDSHUPDQHQWHGHSURFHVVRVSHGDJyJLFRV 0RELOL]DUSDUDD6RFLHGDGH(GXFDWLYD 1RFHQiULRGHUHIHUrQFLDTXHVHUiDSUHVHQWDGRVHJXLGDPHQWHFRPUHODWLYR GHWDOKH R SDSHO GLQDPL]DGRU GDV OLGHUDQoDV SROtWLFDV H GDV HOLWHV VRFLDLV RFXSDLQHYLWDYHOPHQWHXPOXJDUGHUHOHYR &RPHIHLWRRGHVtJQLRGHFRORFDU3RUWXJDOQDGLDQWHLUDGDVFRPXQLGDGHV TXHWrPDOXFLGH]HFRUDJHPGHHOHJHUD6RFLHGDGH(GXFDWLYDFRPRJUDQGH SURMHFWR QDFLRQDO UHYHVWH XP WDO DOFDQFH TXH QmR VH SRGH DQWHYHU D VXD FRQVHFXomRVHPXPDPRELOL]DomRJHUDOGHHQHUJLDVHGHUHFXUVRV 7RGRVRVDFWRUHVVRFLDLVWHUmRGHFRQYHUJLUSDUDHVVHGHVLGHUDWXPVDOYD JXDUGDGDV DV VDXGiYHLV GLIHUHQoDV GH RSLQLmR PDV WDPEpP VXSHUDGRV RV DWiYLFRVHJRtVPRVTXHSDUDOLVDPDFRRSHUDomRDEHUWDHFRQILDQWH$SURYD GHVVHHVStULWRFRQVWUXWLYRWHUiGHVHUWLUDGDHPVHGHGHFDGDFHQWURHGXFDWL YR ± D FRPXQLGDGH GRV DFWRUHV H DJHQWHV GH PXGDQoD VHUi FRQYRFDGD D FRQYHUJLU QR SURMHFWR HGXFDWLYR VXD GHILQLomR H FRQFUHWL]DomR GH FDGD FHQWUR &ULDU DV FRQGLo}HV SDUD TXH WRGRV DFUHGLWHP QR SURMHFWR GD 6RFLHGDGH (GXFDWLYDpHPVLPHVPRXPJUDQGHGHVDILRFXOWXUDO+DYHUiTXHFRPX QLFDU R SURMHFWR FRP VDEHGRULD PDV WDPEpP FRP HILFiFLD GHOLQHDQGR QLWLGDPHQWHDVHVWUDWpJLDVWHQGRDFRUDJHPGHSURSRUPHWDVHUHVXOWDGRV PHQVXUiYHLV RVFXVWRVGD WUDQVLomR([SH ULrQFLDVSRVLWLYDV QRHQVLQRVXSH ULRU 3DGU}HVGH GHVHPSHQKR DIHULGRVSRU QtYHLVLQWHUQD FLRQDLV /LGHUDQoDV SROtWLFDVHHOLWHV VRFLDLV 8PDPRELOL]D omrghhqhujldv HUHFXUVRVH XPDPRELOL ]DomRGHDFWR UHVHPWRUQRGH FDGDFHQWUR HGXFDWLYR 8PJUDQGH GHVDILRFXOWXUDO 2UHFXUVRDXPDDGHTXDGDSHGDJRJLDVRFLDOHFtYLFDVHUiLPSRUWDQWHSDUD HPSROJDUVHPPDQLSXODUDLGHLDIRUWHHPHGXFDomRpVHPSUHDGHSURSRU SDUDOLEHUWDU 3URSRUSDUD OLEHUWDU $DYDOLDomRLQWHJUDGDGHHVFRODVTXHHVWiDVHUOHYDGDDFDERSHOD,QVSHFomR*HUDOGD (GXFDomRPHUHFHWDPEpPPHQomRFRPRXPDH[SHULrQFLDPXLWRSRVLWLYD

Valores e Cidadania: a Coesão Social, a Construção Identitária e o Diálogo Intercultural. Augusto Santos Silva Joaquim Azevedo António Manuel Fonseca

Valores e Cidadania: a Coesão Social, a Construção Identitária e o Diálogo Intercultural. Augusto Santos Silva Joaquim Azevedo António Manuel Fonseca Valores e Cidadania: a Coesão Social, a Construção Identitária e o Diálogo Intercultural Augusto Santos Silva Joaquim Azevedo António Manuel Fonseca 127$6%,2*5È),&$6 $8*86726$17266,/9$QDVFHXQR3RUWRHP'RXWRUDGRHP6RFLRORJLDHV

Leia mais

Inovação, Tecnologia e Globalização: o Papel do Conhecimento e o Lugar do Trabalho na Nova Economia. Maria João Rodrigues José Félix Ribeiro

Inovação, Tecnologia e Globalização: o Papel do Conhecimento e o Lugar do Trabalho na Nova Economia. Maria João Rodrigues José Félix Ribeiro Inovação, Tecnologia e Globalização: o Papel do Conhecimento e o Lugar do Trabalho na Nova Economia Maria João Rodrigues José Félix Ribeiro $V'LQkPLFDVGH&RQWH[WR±,QRYDomR7HFQRORJLDH*OREDOL]DomR23DSHOGR&RQKHFLPHQWRHR/XJDUGR7UDEDOKRQD1RYD(FRQRPLD

Leia mais

%LVVDX H GH )HYHUHLUR GH

%LVVDX H GH )HYHUHLUR GH 6(0,1É5,2'23$5,662%5($(675$7e*,$1$&,21$/'( '(6(192/9,0(172'$(67$7Ì67,&$ 3$/23(7,025/(67( $QJROD&DER9HUGH*XLQp%LVVDX0RoDPELTXH6mR7RPpH3UtQFLSH7LPRU/HVWH 1RWDFRQFHSWXDOSURYLVyULD 3URSRVWDSDUDGLVFXVVmRFRPRV3$/23H7LPRU/HVWH

Leia mais

2. Deliberações e Principais Conclusões

2. Deliberações e Principais Conclusões 2UJDQL]DomRSDUD&RRSHUDomRH'HVHQYROYLPHQWR(FRQ{PLFR2&'( 2UJDQLVDWLRQIRU(FRQRPLF&RRSHUDWLRQDQG'HYHORSPHQW2(&' (PFRRSHUDomRFRPR*UXSR%DQFR0XQGLDO 6XPiULR 6HJXQGR(QFRQWURGD0HVD5HGRQGD/DWLQRDPHULFDQDVREUH*RYHUQDQoD

Leia mais

$d (6$),50$7,9$6126(8$(68$/(*,7,0,'$'(12%5$6,/

$d (6$),50$7,9$6126(8$(68$/(*,7,0,'$'(12%5$6,/ PONTIFÍCIA UNIVERSIDADE CATÓLICA DE MINAS GERAIS Faculdade Mineira de Direito $d (6$),50$7,9$6126(8$(68$/(*,7,0,'$'(12%5$6,/ (GHU%RPILP5RGULJXHV Belo Horizonte 2005 1 (GHU%RPILP5RGULJXHV $d (6$),50$7,9$6126(8$(68$/(*,7,0,'$'(12%5$6,/

Leia mais

127$ ,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6

127$ ,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6 AOCP - CONCURSOS PÚBLICOS &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6 È5($('8&$d 2)Ë6,&$ 127$,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD AOCP CONCURSOS PÚBLICOS

Leia mais

/(,$$7(17$0(17($6,16758d (6$%$,;2

/(,$$7(17$0(17($6,16758d (6$%$,;2 ž',$ &21&85629(67,%8/$5 /(,$$7(17$0(17($6,16758d (6$%$,;2 Você recebeu do fiscal este &$'(512 '( 48(67 (6 com as 80 (oitenta) questões da prova objetiva numeradas seqüencialmente e distribuídas sem falhas

Leia mais

0XOKHUHVHFLrQFLDª. 0RELOL]DUDVPXOKHUHVSDUDHQULTXHFHUDLQYHVWLJDomRHXURSHLD

0XOKHUHVHFLrQFLDª. 0RELOL]DUDVPXOKHUHVSDUDHQULTXHFHUDLQYHVWLJDomRHXURSHLD 0XOKHUHVHFLrQFLDª 0RELOL]DUDVPXOKHUHVSDUDHQULTXHFHUDLQYHVWLJDomRHXURSHLD ËQGLFH RESUMO...3 INTRODUÇÃO..4 1. CONTEXTO GERAL.5 1.1. A política da igualdade de oportunidades na União Europeia 5 1.1.1. O Tratado...5

Leia mais

)$&8/'$'(0,1(,5$'(',5(,72 5HQDWR0DUFXFL%DUERVDGD6LOYHLUD

)$&8/'$'(0,1(,5$'(',5(,72 5HQDWR0DUFXFL%DUERVDGD6LOYHLUD 3217,)Ë&,$81,9(56,'$'(&$7Ï/,&$'(0,1$6*(5$,6 )$&8/'$'(0,1(,5$'(',5(,72 $35,6 2&,9,/325'Ë9,'$'2'(9('25),'8&,$17( 5HQDWR0DUFXFL%DUERVDGD6LOYHLUD BELO HORIZONTE 2004 2 5HQDWR0DUFXFL%DUERVDGD6LOYHLUD $35,6

Leia mais

$QiOLVHH$FHLWDomR± 6HJXURGH3HVVRDV 6DP\+D]DQ± 0DULWLPD6HJXURV VDP\#PDULWLPDFRPEU ZZZWZLWWHUFRPVDP\VHJ

$QiOLVHH$FHLWDomR± 6HJXURGH3HVVRDV 6DP\+D]DQ± 0DULWLPD6HJXURV VDP\#PDULWLPDFRPEU ZZZWZLWWHUFRPVDP\VHJ $QiOLVHH$FHLWDomR± 6HJXURGH3HVVRDV 6DP\+D]DQ± 0DULWLPD6HJXURV VDP\#PDULWLPDFRPEU ZZZWZLWWHUFRPVDP\VHJ )XQGDPHQWRV GD HFRQRPLD VRE FRQWUROH 3$5$21'(&$0,1+$ 2%5$6,/" %UDVLOpDERODGDYH] 6ROLGH] GR VHWRU ILQDQFHLUR

Leia mais

/(,$$7(17$0(17($6,16758d (6$%$,;2

/(,$$7(17$0(17($6,16758d (6$%$,;2 &21&85623Ò%/,&2 (GLWDO1žGHGHPDUoRGH &$5*2$*(17('(,163(d 26$1,7È5,$(,1'8675,$/'(352'8726'(25,*(0$1,0$/ 3529$%5$1&$ /(,$$7(17$0(17($6,16758d (6$%$,;2 Você recebeu do fiscaleste &$'(512'(48(67 (6 com as 50

Leia mais

Uma Estratégia de Investimento do Negócio para a Atualização do Dispositivo

Uma Estratégia de Investimento do Negócio para a Atualização do Dispositivo Janeiro de 2014 Guia de Planejamento Uma Estratégia de Investimento do Negócio para a Atualização do Dispositivo Guia da Intel de Gerenciamento de e Aumento da Produtividade Por que ler este documento

Leia mais

/(,$$7(17$0(17($6,16758d (6$%$,;2

/(,$$7(17$0(17($6,16758d (6$%$,;2 ] &21&85623Ò%/,&2 (GLWDO1žGHGHPDUoRGH &$5*2$*(17('(,163(d 26$1,7È5,$(,1'8675,$/'(352'8726'(25,*(0$1,0$/ 3529$%5$1&$ /(,$$7(17$0(17($6,16758d (6$%$,;2 Você recebeu do fiscaleste &$'(512'(48(67 (6 com as

Leia mais

Manuel Lopes Rocha Miguel Pupo Correia Marta Felino Rodrigues Miguel Almeida Andrade Henrique José Carreiro. As Leis do Comércio-Electrónico

Manuel Lopes Rocha Miguel Pupo Correia Marta Felino Rodrigues Miguel Almeida Andrade Henrique José Carreiro. As Leis do Comércio-Electrónico Manuel Lopes Rocha Miguel Pupo Correia Marta Felino Rodrigues Miguel Almeida Andrade Henrique José Carreiro As Leis do Comércio-Electrónico Manuel Lopes Rocha Miguel Pupo Correia Marta Felino Rodrigues

Leia mais

127$ ,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6

127$ ,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6 AOCP - CONCURSOS PÚBLICOS &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6 È5($+,67Ï5,$ 127$,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD AOCP CONCURSOS PÚBLICOS &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,,

Leia mais

3*54(6$/4 3URJUDPD GH *HUHQFLDPHQWR GH 5HVtGXRV 4XtPLFRV GD (VFROD 6XSHULRU GH $JULFXOWXUD³/XL]GH4XHLUR]

3*54(6$/4 3URJUDPD GH *HUHQFLDPHQWR GH 5HVtGXRV 4XtPLFRV GD (VFROD 6XSHULRU GH $JULFXOWXUD³/XL]GH4XHLUR] 680È5,2 1. OBJETIVO 2. CAMPO DE APLICAÇÃO 3. RESPONSABILIDADE 4. DOCUMENTOS COMPLEMENTARES 5. DEFINIÇÕES 6. CONDIÇÕES GERAIS ANEXO A 2%-(7,92 Esta norma estabelece as exigências para que os signatários

Leia mais

(FRQRPLDGD(GXFDomR. 3HGUR7HOKDGR3HUHLUD )UHTXrQFLD 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR

(FRQRPLDGD(GXFDomR. 3HGUR7HOKDGR3HUHLUD )UHTXrQFLD 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR (FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD )UHTXrQFLD 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR Nome: Nº: $VUHVSRVWDVGHYHPVHUGDGDVQDIROKDGHHQXQFLDGR, 8PDGDVGHILQLo}HVGH(FRQRPLDp ³2HVWXGRGDIRUPDFRPRDVVRFLHGDGHVXWLOL]DPUHFXUVRVHVFDVVRVSDUDSURGX]LU

Leia mais

3/$12(035(6$5,$/±&$3,7$/*2%$/

3/$12(035(6$5,$/±&$3,7$/*2%$/ &21',d (6*(5$,6 3/$12(035(6$5,$/±&$3,7$/*2%$/,'(),1,d (6 '$67(50,12/2*,$6'26(*852 $FLGHQWH3HVVRDO Para os fins deste seguro, acidente pessoal é o evento com data caracterizada, posterior à contratação

Leia mais

ROL DE RESPONSÁVEIS 2 RELATÓRIO DE GESTÃO 8 PARECER DA AUDITORIA INTERNA 28 DECLARAÇÃO DA UNIDADE DE PESSOAL 29 PARECER DO CONSELHO UNIVERSITÁRIO 30

ROL DE RESPONSÁVEIS 2 RELATÓRIO DE GESTÃO 8 PARECER DA AUDITORIA INTERNA 28 DECLARAÇÃO DA UNIDADE DE PESSOAL 29 PARECER DO CONSELHO UNIVERSITÁRIO 30 ROL DE RESPONSÁVEIS 2 RELATÓRIO DE GESTÃO 8 $)8)9 3/$12'(75$%$/+2$3529$'2 352*5$0$6'(75$%$/+2(;(&87$'26 *(67 225d$0(17É5,$(),1$1&(,5$ ),6&$/,=$d 2(&21752/((;(5&,'2662%5(2$*526 PARECER DA AUDITORIA INTERNA

Leia mais

)DWRUHVGHDWUDomRHIL[DomRGHHPSUHVDVGHVRIWZDUH±R FDVR-XL]GH)RUD

)DWRUHVGHDWUDomRHIL[DomRGHHPSUHVDVGHVRIWZDUH±R FDVR-XL]GH)RUD )DWRUHVGHDWUDomRHIL[DomRGHHPSUHVDVGHVRIWZDUH±R FDVR-XL]GH)RUD Ao longo desse capítulo pretende-se relatar os resultados da pesquisa realizada. Para que isso possa ser feito da forma mais elucidativa possível,

Leia mais

Dia do Representante será comemorado com palestra, homenagem e feijoada

Dia do Representante será comemorado com palestra, homenagem e feijoada P ROGRAMAÇÃO Dia do Representante será comemorado com palestra, homenagem e feijoada Página 3 SIRECOM-MS e COREMS recebem visitas de autoridades durante Balanço Geral nos Bairros &RP R SURSyVLWR GH VH

Leia mais

$UWLJRUHIHUHQWHj&21)(5Ç1&,$ &RUSR([FOXVmRH'LYHUVLGDGH6H[XDO± &XUVR'LYHUVLGDGH6H[XDOH,JXDOGDGHGH*rQHUR

$UWLJRUHIHUHQWHj&21)(5Ç1&,$ &RUSR([FOXVmRH'LYHUVLGDGH6H[XDO± &XUVR'LYHUVLGDGH6H[XDOH,JXDOGDGHGH*rQHUR $UWLJRUHIHUHQWHj&21)(5Ç1&,$ &RUSR([FOXVmRH'LYHUVLGDGH6H[XDO± &XUVR'LYHUVLGDGH6H[XDOH,JXDOGDGHGH*rQHUR 80$'26('(5('8d 2'('$1263$5$$',9(56,'$'( (;&/8'(17( Flávia Costa da Silva! " # $%!&' ( # )*+, -.0/1

Leia mais

$ &RPLVVmR SURS}H XPD QRYD SROtWLFD GH SHVVRDO GHVGHRUHFUXWDPHQWRDWpjUHIRUPD

$ &RPLVVmR SURS}H XPD QRYD SROtWLFD GH SHVVRDO GHVGHRUHFUXWDPHQWRDWpjUHIRUPD ,3 Bruxelas, 28 Fevereiro 2001 $ &RPLVVmR SURS}H XPD QRYD SROtWLFD GH SHVVRDO GHVGHRUHFUXWDPHQWRDWpjUHIRUPD $&RPLVVmRDQXQFLRXKRMHRVSULQFLSDLVHOHPHQWRVGDVVXDVSURSRVWDVSDUD XPD QRYD SROtWLFD GH SHVVRDO(VWDV

Leia mais

Conhecimento Específico de 1 a 20 Português de 21 a 30 Ética de 31 a 35 Informática de 36 a 40 Matemática de 41 a 45 Atualidades de 46 a 50

Conhecimento Específico de 1 a 20 Português de 21 a 30 Ética de 31 a 35 Informática de 36 a 40 Matemática de 41 a 45 Atualidades de 46 a 50 &21&85623Ò%/,&2 (GLWDO1žGHGHPDUoRGH &$5*2$*(17('(,163(d 26$1,7È5,$(,1'8675,$/'(352'8726'(25,*(0$1,0$/ 3529$$=8/ /(,$$7(17$0(17($6,16758d (6$%$,;2 Você recebeu do fiscaleste &$'(512'(48(67 (6 com as 50

Leia mais

9,'5$5,$6'(/$%25$7Ï5,2 '$1,),&$'$6282%62/(7$6 1 2&217$0,1$'$6. (Acondicionamento e Armazenamento)

9,'5$5,$6'(/$%25$7Ï5,2 '$1,),&$'$6282%62/(7$6 1 2&217$0,1$'$6. (Acondicionamento e Armazenamento) 680È5,2 1. OBJETIVO 2. CAMPO DE APLICAÇÃO 3. RESPONSABILIDADE 4. DOCUMENTOS COMPLEMENTARES 5. DEFINIÇÕES 6. CONDIÇÕES GERAIS ANEXO A 2%-(7,92 Esta norma estabelece as exigências para que os signatários

Leia mais

127$ ,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6

127$ ,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6 AOCP - CONCURSOS PÚBLICOS &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,, 48(67 (6',6&856,9$6 È5($*(2*5$),$ 127$,GHQWLILTXHVHDSHQDVQRVFDPSRVSUySULRVDEDL[RGDOLQKD SRQWLOKDGD AOCP CONCURSOS PÚBLICOS &21&85623Ò%/,&23$5$352)(6625'((16,12)81'$0(17$/,,

Leia mais

0HUFDGR LQWHUQR D &RPLVVmR ODQoD VHUYLoRV JUDWXLWRV GH DFRQVHOKDPHQWR H UHVROXomR GH SUREOHPDVGHVWLQDGRVDRVFLGDGmRVHjVHPSUHVDV

0HUFDGR LQWHUQR D &RPLVVmR ODQoD VHUYLoRV JUDWXLWRV GH DFRQVHOKDPHQWR H UHVROXomR GH SUREOHPDVGHVWLQDGRVDRVFLGDGmRVHjVHPSUHVDV ,3 Bruxelas, 22 de Julho de 2002 0HUFDGR LQWHUQR D &RPLVVmR ODQoD VHUYLoRV JUDWXLWRV GH DFRQVHOKDPHQWR H UHVROXomR GH SUREOHPDVGHVWLQDGRVDRVFLGDGmRVHjVHPSUHVDV 'HIURQWDVH FRP SUREOHPDV SDUD ID]HU UHFRQKHFHU

Leia mais

PDJLFRORU 'HVN/DVHU *XLD GR 8VXiULR 4;339550339%

PDJLFRORU 'HVN/DVHU *XLD GR 8VXiULR 4;339550339% PDJLFRORU Š 5533 'HVN/DVHU *XLD GR 8VXiULR 4;339550339% 0DUFDV 5HJLVWUDGDV 6mR PDUFDV GH FRPpUFLR UHJLVWUDGDV GD 0,12/7$0406/,QF1= 406/ R ORJRWLSR 0,12/7$0406 H PDJLFRORU1 0LQROWD p PDUFD UHJLVWUDGD GD

Leia mais

PONTIFÍCIA UNIVERSIDADE CATÓLICA DE MINAS GERAIS Faculdade Mineira de Direito. Arethuza de Souza Totti e Silva

PONTIFÍCIA UNIVERSIDADE CATÓLICA DE MINAS GERAIS Faculdade Mineira de Direito. Arethuza de Souza Totti e Silva PONTIFÍCIA UNIVERSIDADE CATÓLICA DE MINAS GERAIS Faculdade Mineira de Direito $,03(1+25$%,/,'$'('2,0Ï9(/'2'(9('2562/7(,52 Arethuza de Souza Totti e Silva Belo Horizonte 2004 2 Arethuza de Souza Totti e

Leia mais

(FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD. 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR

(FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD. 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR (FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD ([DPH 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR Nome: Nº: $VUHVSRVWDVGHYHPVHUGDGDVQDIROKDGHHQXQFLDGR, 8PD GDV FRPSHWrQFLDV TXH GHYH WHU DGTXLULGR QHVWD XQLGDGH FXUULFXODU

Leia mais

Prova de Matemática Vestibular da FUVEST_ 2004_Fase 2. Resolução e comentário pela Profa. Maria Antônia Conceição Gouveia.

Prova de Matemática Vestibular da FUVEST_ 2004_Fase 2. Resolução e comentário pela Profa. Maria Antônia Conceição Gouveia. Prova de Matemática Vestibular da FUVEST_ 004_Fase. Resolução e comentário pela Profa. Maria Antônia Conceição Gouveia. Q~PHUR GH JRV PDUFDGRV QRV MRJRV GD SULPHLUD URGDGD GH XP FDPSHRQDWR GH IXWHER IRL

Leia mais

6(*852'(3(662$6 3/$12&2/(7,92±7$;$0e',$

6(*852'(3(662$6 3/$12&2/(7,92±7$;$0e',$ Prezado (a) Sr(a) Parabéns! Seja bem vindo à crescente fam ília de segurados da Marítim a Seguros. A partir de agora, seus colaboradores contarão com a tranqüilidade e proteção de um a seguradora com m

Leia mais

$/&,20$12(/'(6286$),*8(,5('2

$/&,20$12(/'(6286$),*8(,5('2 $'0,1,675$'25$'(&$57 2'(&5e',72,167,78,d 2),1$1&(,5$" $/&,20$12(/'(6286$),*8(,5('2 680È5,2 1. Introdução - 2. Resumo do v. acórdão - 3. Fundamentação do Excelentíssimo Senhor Ministro Aldir Passarinho

Leia mais

A PRODUTIVIDADE EM UNIDADES DE ALIMENTAÇÃO E NUTRIÇÃO: APLICABILIDADE DE UM SISTEMA DE MEDIDA E MELHORIA DA PRODUTIVIDADE INTEGRANDO A ERGONOMIA.

A PRODUTIVIDADE EM UNIDADES DE ALIMENTAÇÃO E NUTRIÇÃO: APLICABILIDADE DE UM SISTEMA DE MEDIDA E MELHORIA DA PRODUTIVIDADE INTEGRANDO A ERGONOMIA. ÂNGELA MARIA CAMPOS SANTANA A PRODUTIVIDADE EM UNIDADES DE ALIMENTAÇÃO E NUTRIÇÃO: APLICABILIDADE DE UM SISTEMA DE MEDIDA E MELHORIA DA PRODUTIVIDADE INTEGRANDO A ERGONOMIA. Tese apresentada ao Programa

Leia mais

2 65 35(6,'(17( (Deputado Cezar Silvestri) - Declaro abertos os

2 65 35(6,'(17( (Deputado Cezar Silvestri) - Declaro abertos os &Æ0$5$'26'(387$'26 '(3$57$0(172'(7$48,*5$),$5(9,6 2(5('$d 2 1Ò&/(2'(5('$d 2),1$/(0&20,66 (6 7(;72&205('$d 2),1$/ &20,66 2'('()(6$'2&21680,'25 (9(172$XGLrQFLD3~EOLFD 1ƒ '$7$,1Ë&,2KPLQ 7e50,12KPLQ '85$d

Leia mais

ABORDAGEM TRADICIONAL DO CÁLCULO DE CUSTOS: A NECESSIDADE DA MEDIDA DA PRODUÇÃO

ABORDAGEM TRADICIONAL DO CÁLCULO DE CUSTOS: A NECESSIDADE DA MEDIDA DA PRODUÇÃO ABORDAGEM TRADICIONAL DO CÁLCULO DE CUSTOS: A NECESSIDADE DA MEDIDA DA PRODUÇÃO Maria Hélder Martins Coelho* RESUMO Neste texto são analisadas técnicas e/ou métodos para calcular cus- tos sustentando a

Leia mais

&DPLQKR GRV EHFRV FDPLQKR dos livros Por Nádia Leite

&DPLQKR GRV EHFRV FDPLQKR dos livros Por Nádia Leite 1RWD (VWD QmR p PDLV XPD HGLomR p D PLQKD SULPHLUD SDUWLFLSDomR HP XPD UHYLVWD ( DTXL SRGHPRV FRQKHFHU XP pedaço do Centro de Porto Alegre, esfrokhprv IDODU VREUH RV VHERV GR &HQtro da Cidade. No início

Leia mais

(FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD. 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR

(FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD. 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR (FRQRPLDGD(GXFDomR 3HGUR7HOKDGR3HUHLUD ([DPH 'XUDomRPLQXWRV 7ySLFRVGHUHVROXomR Nome: Nº: $VUHVSRVWDVGHYHPVHUGDGDVQDIROKDGHHQXQFLDGR, 8PD GDV FRPSHWrQFLDV TXH GHYH WHU DGTXLULGR QHVWD XQLGDGH FXUULFXODU

Leia mais

BH AGOSTO 2015 ANO 23 NÚMERO 207

BH AGOSTO 2015 ANO 23 NÚMERO 207 (! " # $ % " " & % # ' ( )! * % " %! ( * + ' " & +!, - Publicação da Secretaria do Tribunal de Justiça do Estado de Minas Gerais BH AGOSTO 2015 ANO 23 NÚMERO 207 Renata Caldeira Tribunal de Justiça de

Leia mais

$6DOYDomR. Tiago José Deicide Galvão Moreira Underground Haven - www.underhaven.hpg.com.br $V7UHYDVVHPSUH VXFXPEHPGLDQWHGD/X]

$6DOYDomR. Tiago José Deicide Galvão Moreira Underground Haven - www.underhaven.hpg.com.br $V7UHYDVVHPSUH VXFXPEHPGLDQWHGD/X] $6DOYDomR Tiago José Deicide Galvão Moreira Underground Haven - www.underhaven.hpg.com.br $V7UHYDVVHPSUH VXFXPEHPGLDQWHGD/X] UM JOGO STORYTELLER DE LUTA, ESPERANÇA E DESCOBRIMENTO Atenção: Este NÃO é um

Leia mais

TEORIA E NORMAS CONTÁBEIS DE OPERAÇÕES EM DESCONTINUIDADE: UM ESTUDO DE CASO

TEORIA E NORMAS CONTÁBEIS DE OPERAÇÕES EM DESCONTINUIDADE: UM ESTUDO DE CASO UNIVERSIDADE DE SÃO PAULO FACULDADE DE ECONOMIA, ADMINISTRAÇÃO E CONTABILIDADE DEPARTAMENTO DE CONTABILIDADE E ATUÁRIA PROGRAMA DE PÓS-GRADUAÇÃO EM CONTABILIDADE E CONTROLADORIA TEORIA E NORMAS CONTÁBEIS

Leia mais

32548(80+80$1,602/$7,121$('8&$d 2'26e&8/2;;,"

32548(80+80$1,602/$7,121$('8&$d 2'26e&8/2;;, 32548(80+80$1,602/$7,121$('8&$d 2'26e&8/2;;," ÆQJHOD9D]/HmR Publicou-se na França, há alguns anos, sob a direção de Georges Duby, uma coletânea intitulada /D &LYLOLVDWLRQ ODWLQH cujos artigos vêm assinados

Leia mais

$ &RPLVVmR GHVHMD SURWHJHU RV IXQGRV GD 8( DWUDYpVGRGLUHLWRSHQDO

$ &RPLVVmR GHVHMD SURWHJHU RV IXQGRV GD 8( DWUDYpVGRGLUHLWRSHQDO ,3 Bruxelas, 23 de Maio de 2001 $ &RPLVVmR GHVHMD SURWHJHU RV IXQGRV GD 8( DWUDYpVGRGLUHLWRSHQDO $&RPLVVmRDGRSWRXKRMHXPSURMHFWRGHGLUHFWLYDSDUDSURWHJHURVIXQGRV GD 8( DWUDYpV GR GLUHLWR SHQDO (VWD SURSRVWD

Leia mais

5XPR D XPD DJULFXOWXUD VXVWHQWiYHO $ &RPLVVmR DSUHVHQWDXPDUHYLVmRLQWHUFDODUGDSROtWLFDDJUtFROD GD8QLmR(XURSHLD

5XPR D XPD DJULFXOWXUD VXVWHQWiYHO $ &RPLVVmR DSUHVHQWDXPDUHYLVmRLQWHUFDODUGDSROtWLFDDJUtFROD GD8QLmR(XURSHLD ,3 Bruxelas, 10 de Julho de 2002 5XPR D XPD DJULFXOWXUD VXVWHQWiYHO $ &RPLVVmR DSUHVHQWDXPDUHYLVmRLQWHUFDODUGDSROtWLFDDJUtFROD GD8QLmR(XURSHLD $ &RPLVVmR (XURSHLD DSUHVHQWRX KRMH D UHYLVmR LQWHUFDODU GD

Leia mais

Bons exemplos vêm de casa

Bons exemplos vêm de casa A SAÚDE DO PRODUTOR RURAL EM PRIMEIRO LUGAR ANO X - N O 55 MAR/ABRIL - 2014 Bons exemplos vêm de casa Saúde precisa de atenção desde a infância. O grande número de crianças e adolescentes obesos vem preocupando

Leia mais

Linha Dexson. Sistemas de Canalização e Organização de Cabos

Linha Dexson. Sistemas de Canalização e Organização de Cabos Sistemas de Canalização e Organização de Cabos Schneider Electric Sua aliada nos pequenos e grandes projetos A nova linha de produtos Dexson reduz o uso de ferramentas, permitindo um processo de instalação

Leia mais

OPERAÇÃO E MANUTENÇÃO

OPERAÇÃO E MANUTENÇÃO MANUAL DE OPERAÇÃO E MANUTENÇÃO Rev. 01 FEVEREIRO/2016 Advertência importante: Não execute nenhuma operação com o equipamento antes de ter o conhecimento de todo o conteúdo do manual de instruções. O objetivo

Leia mais

Bruxelas, 24 de Setembro de 2002

Bruxelas, 24 de Setembro de 2002 ,3 Bruxelas, 24 de Setembro de 2002 6HJXURVDHURQiXWLFRV GHSRLV GH GH 6HWHPEUR D &RPLVVmR (XURSHLD SURS}H UHTXLVLWRV PtQLPRV GH VHJXUR SDUD WRGDV DV WUDQVSRUWDGRUDV DpUHDV TXH RSHUDPQD(XURSD 1RUHVFDOGRGRVDWDTXHVWHUURULVWDVGHGH6HWHPEURGHQRV(VWDGRV

Leia mais

,QWURGXomRGR(XURD&RPLVVmRID]XPEDODQoRGRV SUHSDUDWLYRVHLGHQWLILFDYLQWHERDVSUiWLFDV

,QWURGXomRGR(XURD&RPLVVmRID]XPEDODQoRGRV SUHSDUDWLYRVHLGHQWLILFDYLQWHERDVSUiWLFDV ,3 Bruxelas, 3 de Abril de 2001,QWURGXomRGR(XURD&RPLVVmRID]XPEDODQoRGRV SUHSDUDWLYRVHLGHQWLILFDYLQWHERDVSUiWLFDV GLDVDQWHVGRGLD¼D&RPLVVmRDSUHVHQWRXXPDFRPXQLFDomRVREUH RVSUHSDUDWLYRVSDUDDLQWURGXomRILQDOGRHXURTXHID]RSRQWRGDVLWXDomR

Leia mais

$V GLIHUHQoDV GRV SUHoRV GRV DXWRPyYHLV QD 8QLmR (XURSHLD FRQWLQXDP D VHU HOHYDGDV SULQFLSDOPHQWH QRVVHJPHQWRVGRPHUFDGRGHPDVVDV

$V GLIHUHQoDV GRV SUHoRV GRV DXWRPyYHLV QD 8QLmR (XURSHLD FRQWLQXDP D VHU HOHYDGDV SULQFLSDOPHQWH QRVVHJPHQWRVGRPHUFDGRGHPDVVDV ,3 Bruxelas, 25 de Fevereiro de 2002 $V GLIHUHQoDV GRV SUHoRV GRV DXWRPyYHLV QD 8QLmR (XURSHLD FRQWLQXDP D VHU HOHYDGDV SULQFLSDOPHQWH QRVVHJPHQWRVGRPHUFDGRGHPDVVDV 1R VHX ~OWLPR UHODWyULR VREUH RV SUHoRV

Leia mais

2V,QFHQWLYRV)LVFDLVj&XOWXUDQR%UDVLO

2V,QFHQWLYRV)LVFDLVj&XOWXUDQR%UDVLO 2V,QFHQWLYRV)LVFDLVj&XOWXUDQR%UDVLO A Constituição Federal Brasileira de 1988 dedica, em sua Seção II, um Capítulo específico que cuida apenas da proteção e incentivo à cultura. No artigo 215 da Carta

Leia mais

&RPLVVmRVD~GHFRQFOXV}HVGR*UXSRGH$OWR1tYHO VREUHRIXWXURGDVUHODo}HVODERUDLV

&RPLVVmRVD~GHFRQFOXV}HVGR*UXSRGH$OWR1tYHO VREUHRIXWXURGDVUHODo}HVODERUDLV ,3 Bruxelas, 1 de Março de 2002 &RPLVVmRVD~GHFRQFOXV}HVGR*UXSRGH$OWR1tYHO VREUHRIXWXURGDVUHODo}HVODERUDLV $ &RPLVVmR DFROKHX FRP DJUDGR DV FRQFOXV}HV GR *UXSR GH $OWR 1tYHO VREUH UHODo}HV ODERUDLV SUHVLGLGR

Leia mais

. $6129,'$'(612/,&(1&,$0(172$0%,(17$/12(67$'2'(6 2 3$8/2. 0XGDQoDVLQWURGX]LGDVSHORV'HFUHWRV(VWDGXDLVQžHQžGHGH GH]HPEURGH

. $6129,'$'(612/,&(1&,$0(172$0%,(17$/12(67$'2'(6 2 3$8/2. 0XGDQoDVLQWURGX]LGDVSHORV'HFUHWRV(VWDGXDLVQžHQžGHGH GH]HPEURGH . $6129,'$'(612/,&(1&,$0(172$0%,(17$/12(67$'2'(6 2 3$8/2 0XGDQoDVLQWURGX]LGDVSHORV'HFUHWRV(VWDGXDLVQžHQžGHGH GH]HPEURGH,VDEHOD+HOHQD'H0DUFKL O licenciamento ambiental no Estado de São Paulo foi alterado.

Leia mais

SOBRE NARRATOLOGIA: ENTREVISTA COM CARLOS REIS

SOBRE NARRATOLOGIA: ENTREVISTA COM CARLOS REIS SOBRE NARRATOLOGIA: ENTREVISTA COM CARLOS REIS João Adalberto Campato Jr. (UNICAMP, UNIESP-Prudente, Faculdade Ranchariense) Carlos Reis, professor catedrático da Universidade de Coimbra, exprofessor convidado

Leia mais

$XOD&RRNLHV. Nesta aula você aprenderá: FRPRXVDUOHUHDUPD]HQDUFRRNLHV a usar asixqo}hvglobaisescapee unescape. 3UpUHTXLVLWRV. 8PD9LVmR*HUDOGRV&RRNLHV

$XOD&RRNLHV. Nesta aula você aprenderá: FRPRXVDUOHUHDUPD]HQDUFRRNLHV a usar asixqo}hvglobaisescapee unescape. 3UpUHTXLVLWRV. 8PD9LVmR*HUDOGRV&RRNLHV $XOD&RRNLHV Chegamos ao final de nosso curso! Nesta última aula explicaremos como usar uma propriedade do objeto Document que, certamente, você já deve ter encontrado em suas "navegações" na Web, uma propriedade

Leia mais

6(0$1È5,2 1$&,21$/ 23(5È5,2 ( 62&,$/,67$ CAUSA OPERÁRIA ::: 3&2 25* %5 &$86$23(5$5,$ )81'$'2 (0-81+2 '( $12 ;;; 1 '( $ '( )(9(5(,52 '( 5

6(0$1È5,2 1$&,21$/ 23(5È5,2 ( 62&,$/,67$ CAUSA OPERÁRIA ::: 3&2 25* %5 &$86$23(5$5,$ )81'$'2 (0-81+2 '( $12 ;;; 1 '( $ '( )(9(5(,52 '( 5 6(0$1È5,2 1$&,21$/ 23(5È5,2 ( 62&,$/,67$ CAUSA OPERÁRIA ::: 3&2 25* %5 &$86$23(5$5,$ )81'$'2 (0-81+2 '( $12 ;;; 1 '( $ '( )(9(5(,52 '( 5 OPERAÇÃO DE GUERRA DE JOSÉ SERRA CONTRA A POPULAÇÃO POBRE EM PARAISÓPOLIS:

Leia mais

5HODomRGHFDXVDOLGDGHQR'LUHLWR3HQDOXPDFRQWULEXLomR

5HODomRGHFDXVDOLGDGHQR'LUHLWR3HQDOXPDFRQWULEXLomR 5HODomRGHFDXVDOLGDGHQR'LUHLWR3HQDOXPDFRQWULEXLomR %UXQR GRV 6DQWRV 3DUDQKRV servidor do Ministério Público do Distrito Federal e Territórios, acadêmico de Direito no UniCEUB Reza o nosso Código Penal,

Leia mais

Parte II. Usabilidade, Interatividade e Comunicabilidade na Web. Roteiro. z Usabilidade. z Interatividade. z Comunicabilidade. Conceitos Problemas

Parte II. Usabilidade, Interatividade e Comunicabilidade na Web. Roteiro. z Usabilidade. z Interatividade. z Comunicabilidade. Conceitos Problemas Parte II Usabilidade, Interatividade e Comunicabilidade na Web Roteiro z Usabilidade Conceitos Problemas z Interatividade Modelo teórico Técnicas e diretrizes z Comunicabilidade Modelo teórico Técnicas

Leia mais

$ DJHQGD GD SROtWLFD VRFLDO HVWi D VHU FXPSULGD DILUPDD&RPLVVmR(XURSHLD

$ DJHQGD GD SROtWLFD VRFLDO HVWi D VHU FXPSULGD DILUPDD&RPLVVmR(XURSHLD ,3 Bruxelas, 13 de Fevereiro de 2003 $ DJHQGD GD SROtWLFD VRFLDO HVWi D VHU FXPSULGD DILUPDD&RPLVVmR(XURSHLD 2WHUFHLURUHODWyULRDQXDOGD&RPLVVmRVREUHD$JHQGDGH3ROtWLFD6RFLDOGD 8( GH GHPRQVWUD TXH D DJHQGD

Leia mais

comercialização de energia dossier

comercialização de energia dossier a comercialização de energia e o seu enquadramento legal: estado da arte ofertas comerciais no mercado retalhista de eletricidade para o segmento de consumidores domésticos 3527$*21,67$6 50 Nuno Afonso

Leia mais

&DSLWDOVRFLDOHYLROrQFLD XPDDQiOLVHFRPSDUDGDHPGXDVYLODVGH%HOR+RUL]RQWH

&DSLWDOVRFLDOHYLROrQFLD XPDDQiOLVHFRPSDUDGDHPGXDVYLODVGH%HOR+RUL]RQWH 1 Universidade Federal de Minas Gerais Faculdade de Filosofia e Ciências Humanas Departamento de Sociologia e Antropologia Mestrado em Sociologia &DSLWDOVRFLDOHYLROrQFLD XPDDQiOLVHFRPSDUDGDHPGXDVYLODVGH%HOR+RUL]RQWH

Leia mais

São Paulo, 18 de março de 2008

São Paulo, 18 de março de 2008 São Paulo, 18 de março de 2008 Ao 0LQLVWpULR3~EOLFRGR(VWDGRGR5LRGH-DQHLUR 3URPRWRULDGH-XVWLoDGR&RQVXPLGRU Av. Marechal Câmara n 370 Centro Rio de Janeiro RJ 20020-080 5HI 5HSUHVHQWDomR±3UiWLFDFRPHUFLDODEXVLYD

Leia mais

)DFWRV H Q~PHURV VREUH R FRPpUFLR GH SURGXWRV DJUtFRODVGD 8( DEHUWXUD DR FRPpUFLR H DRV SDtVHV HPGHVHQYROYLPHQWR

)DFWRV H Q~PHURV VREUH R FRPpUFLR GH SURGXWRV DJUtFRODVGD 8( DEHUWXUD DR FRPpUFLR H DRV SDtVHV HPGHVHQYROYLPHQWR 0(02 Bruxelas, 16 de Dezembro de 2002 )DFWRV H Q~PHURV VREUH R FRPpUFLR GH SURGXWRV DJUtFRODVGD 8( DEHUWXUD DR FRPpUFLR H DRV SDtVHV HPGHVHQYROYLPHQWR $8(HRFRPpUFLRGHSURGXWRVDJUtFRODV $8(HVWiDEHUWDDRFRPpUFLRGHSURGXWRVDJUtFRODV

Leia mais

Socreppa e Schafauser

Socreppa e Schafauser S S Socreppa e Schafauser Advogados Associados SC Registro 1578/2009 Rua Maria Deomar da Costa Neves, 212, Centro CEP 89.500-000 &DoDGRU SC Tel./Fax: (49) 3567-2676 / 3563-1127 (;&(/(17Ë66,02 6(1+25 '28725-8,=

Leia mais

Seu manual do usuário PHILIPS PI3100W2X/78 http://pt.yourpdfguides.com/dref/5559757

Seu manual do usuário PHILIPS PI3100W2X/78 http://pt.yourpdfguides.com/dref/5559757 Você pode ler as recomendações contidas no guia do usuário, no guia de técnico ou no guia de instalação para PHILIPS PI3100W2X/78. Você vai encontrar as respostas a todas suas perguntas sobre a no manual

Leia mais

&HQVR'HPRJUiILFRGH%OXPHQDX SHUILOVRFLRSURILVVLRQDOGDV SHVVRDVFRPGHILFLrQFLD $JRVWR

&HQVR'HPRJUiILFRGH%OXPHQDX SHUILOVRFLRSURILVVLRQDOGDV SHVVRDVFRPGHILFLrQFLD $JRVWR &HQVR'HPRJUiILFRGH%OXPHQDX SHUILOVRFLRSURILVVLRQDOGDV SHVVRDVFRPGHILFLrQFLD $JRVWR Objetivo do Censo Traçar o perfil socioprofissional das pessoas com deficiência residentes no município de Blumenau. Metodologia

Leia mais

5HVSRQVDELOLGDGH 6RFLDO GDV (PSUHVDV QRYD HVWUDWpJLD GD&RPLVVmR SDUD SURPRYHU R FRQWULEXWR GDVHPSUHVDVSDUDRGHVHQYROYLPHQWRVXVWHQWiYHO

5HVSRQVDELOLGDGH 6RFLDO GDV (PSUHVDV QRYD HVWUDWpJLD GD&RPLVVmR SDUD SURPRYHU R FRQWULEXWR GDVHPSUHVDVSDUDRGHVHQYROYLPHQWRVXVWHQWiYHO ,3 Bruxelas, 2 de Julho de 2002 5HVSRQVDELOLGDGH 6RFLDO GDV (PSUHVDV QRYD HVWUDWpJLD GD&RPLVVmR SDUD SURPRYHU R FRQWULEXWR GDVHPSUHVDVSDUDRGHVHQYROYLPHQWRVXVWHQWiYHO 8PD QRYD HVWUDWpJLD HP PDWpULD GH UHVSRQVDELOLGDGH

Leia mais

2 3DLQHO GH $YDOLDomR GR 0HUFDGR,QWHUQR DVVLQDOD SURJUHVVRVPDVVXEVLVWHPREVWiFXORVDRFRPpUFLR

2 3DLQHO GH $YDOLDomR GR 0HUFDGR,QWHUQR DVVLQDOD SURJUHVVRVPDVVXEVLVWHPREVWiFXORVDRFRPpUFLR ,3 Bruxelas, 16 de Maio de 2002 2 3DLQHO GH $YDOLDomR GR 0HUFDGR,QWHUQR DVVLQDOD SURJUHVVRVPDVVXEVLVWHPREVWiFXORVDRFRPpUFLR 'H DFRUGR FRP R ~OWLPR 3DLQHO GH $YDOLDomR GR 0HUFDGR,QWHUQR YHULILFDPVH DLQGD

Leia mais

SULPHLUD LOLPLWDGR WHP TXH (OH. Peter Drucker

SULPHLUD LOLPLWDGR WHP TXH (OH. Peter Drucker 7ySLFRV$YDQoDGRVGH6LVWHPDVGH,QIRUPDomR 3URID&\QDUD&DUYDOKR F\QDUDFDUYDOKR#\DKRRFRPEU 6RFLHGDGHGD,QIRUPDomRHGR &RQKHFLPHQWR ³$ VRFLHGDGH GR FRQKHFLPHQWR p D SULPHLUD VRFLHGDGH KXPDQD RQGH R FUHVFLPHQWR

Leia mais

352&(662&,9,/(62&,('$'(&,9,/ 5RVHPLUR3HUHLUD/HDO

352&(662&,9,/(62&,('$'(&,9,/ 5RVHPLUR3HUHLUD/HDO 1 352&(662&,9,/(62&,('$'(&,9,/ 5RVHPLUR3HUHLUD/HDO 3URIHVVRUGD*UDGXDomRH3yV*UDGXDomRGD38&0LQDV 3URIHVVRUGD*UDGXDomRH3yV*UDGXDomRGD)80(& 3URIHVVRU&RQFXUVDGRGD)'8)0* 3UHVLGHQWHGD&RPLVVmRGH(QVLQR-XUtGLFRGD2$%0*

Leia mais

48(67,21$0(1726(5(63267$6&2081,&$'2

48(67,21$0(1726(5(63267$6&2081,&$'2 &,5&8/$51ž 2%-(72 35(* 235(6(1&,$/1ž Contratação de empresa especializada em prestação de serviço de locação de centrais telefônicas para as Unidades da Sede, Lucaia, Itapagipe, Retiro, Simões Filho, Itaigara,

Leia mais

&DUWD2IHUWD±0DSIUH3URWHomR(VFRODU

&DUWD2IHUWD±0DSIUH3URWHomR(VFRODU BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB (Instituição de Ensino) Belo Horizonte, de de 2004. Ref.: Carta Oferta Seguro de Acidentes Pessoais Coletivo Mapfre Proteção Escolar Prezados Senhores, Temos a

Leia mais

A Comissão recebeu igualmente denúncias de um livreiro austríaco, a Libro AG, e da sua filial de vendas na Internet, Lion.cc, que vendeu EHVWVHOOHUV

A Comissão recebeu igualmente denúncias de um livreiro austríaco, a Libro AG, e da sua filial de vendas na Internet, Lion.cc, que vendeu EHVWVHOOHUV ,3 Bruxelas, 22 de Março de 2002 $&RPLVVmRDFHLWDXPFRPSURPLVVRQRSURFHVVRGH FRQFRUUrQFLD UHODWLYR DRV SUHoRV LPSRVWRV GRV OLYURVDOHPmHV $&RPLVVmR(XURSHLDGHFLGLXDUTXLYDURSURFHVVRGHFRQFRUUrQFLD VREUH R VLVWHPD

Leia mais

experiências de aprendizagem a partir da

experiências de aprendizagem a partir da experiências de aprendizagem a partir da Dentre as principais características do turista cultural contemporâneo, está a busca por novas experiências a partir da alteridade que de um lado, tem a cultura

Leia mais

Prefeitura Municipal de Caravelas publica:

Prefeitura Municipal de Caravelas publica: Prefeitura Municipal de 1 Ano Nº 1509 Prefeitura Municipal de publica: Primeiro Aditivo para Prorrogação de Vigência da Ata de Registro de Preço d Pregão Presencial Nº. 001-2017 Objeto: Prestação de serviços

Leia mais

EDITAL SEI PROGEP Nº 210/2018

EDITAL SEI PROGEP Nº 210/2018 UNIVERSIDADE FEDERAL DE UBERLÂNDIA Pró-Reitoria de Gestão de Pessoas Avenida João Naves de Avila, 2121, Bloco P - Bairro Santa Mônica, Uberlândia-MG, CEP 800-902 Telefone: +55 ()29-957 - www.progep.ufu.br

Leia mais

É permitida a reprodução total ou parcial, deste que citada a fonte.

É permitida a reprodução total ou parcial, deste que citada a fonte. 0,1,67e5,2'$6$Ò'( 6HFUHWDULDGH3ROtWLFDVGH6D~GH 'HSDUWDPHQWRGH$o}HV3URJUDPiWLFDV(VWUDWpJLFDV ÈUHD7pFQLFDGH6D~GHGR7UDEDOKDGRU &DGHUQRGH6D~GH GR7UDEDOKDGRU /HJLVODomR Brasília DF 2001 2001. Ministério da

Leia mais

Seu filho e unico. O Gardner e multi.

Seu filho e unico. O Gardner e multi. colegiogardner Telefone: 48 3259-0167 Rua José Gonzaga Regina e Lima, 110 Cep: 88102-250 Kobrasol São José/SC www.colegiogardner.com.br Seu filho e unico. O Gardner e multi. Queridos pais, 3DUD R &RO JLR

Leia mais

INTEX MANUAL DO USUÁRIO TAPETE AQUECEDOR SOLAR LEIA E SIGA CORRETAMENTE AS INSTRUÇÕES DE MONTAGEM E SEGURANÇA AVISOS

INTEX MANUAL DO USUÁRIO TAPETE AQUECEDOR SOLAR LEIA E SIGA CORRETAMENTE AS INSTRUÇÕES DE MONTAGEM E SEGURANÇA AVISOS (9) SOLAR HEATER MAT PORTUGUESE 4.87 X 7. 09/1/014 INTEX MANUAL DO USUÁR TAPETE AQUECEDOR SOLAR LEIA E SIGA CORRETAMENTE AS INSTRUÇÕES DE MONTAGEM E SEGURANÇA AVISOS Sempre supervisione as crianças e pessoas

Leia mais

GUIA DO ATLETA II TRILHOS DE BELLAS MARÇO

GUIA DO ATLETA II TRILHOS DE BELLAS MARÇO GUIA DO ATLETA Cascais Trail Experience 2017 II TRILHOS DE BELLAS 26 MARÇO 2017 - Belas 30 Abril 2017 Caro Atleta Caro Atleta A Organização dos II Trilhos de Bellas, dá as boas vindas aos 750 atletas.

Leia mais

6HUYLoR6RFLDOGR&RPpUFLR

6HUYLoR6RFLDOGR&RPpUFLR 5(*8/$0(172'26(6& Instituído pelo Decreto 61.836, de 5.dez.1967, modificado pelo Decreto 5.725, de 16.mar.06 e pelo Decreto 6.031, de 1º.fev.07 FEVEREIRO DE 2007 &217(Ò'2 'HFUHWRGHGH] 'HFUHWRGHPDU 'HFUHWRGHIHY

Leia mais

75,%81$/ '( &217$6 '$ 81, 2 Exercício de 2006 Ministro 8ELUDWDQ $JXLDU, Relator Brasília, 2007

75,%81$/ '( &217$6 '$ 81, 2 Exercício de 2006 Ministro 8ELUDWDQ $JXLDU, Relator Brasília, 2007 75,%81$/'(&217$6'$81, 2 Exercício de 2006 Ministro 8ELUDWDQ$JXLDU, Relator Brasília, 2007 È5($67(0È7,&$6 7UDQVIHUrQFLDVYROXQWiULDVGD8QLmRDVSHFWRVUHODFLRQDGRVDRFRQWUROHSURJUDPDomRHH[HFXomR,QWURGXomR Chega

Leia mais

)$&8/'$'(0,1(,5$'(',5(,72. 8PDFRQWULEXLomRSDUDDFRPSUHHQVmRGRVGLUHLWRVGR WUDEDOKDGRUGLDQWHGRSDUDGLJPDGDIOH[LELOL]DomR

)$&8/'$'(0,1(,5$'(',5(,72. 8PDFRQWULEXLomRSDUDDFRPSUHHQVmRGRVGLUHLWRVGR WUDEDOKDGRUGLDQWHGRSDUDGLJPDGDIOH[LELOL]DomR 3217,)Ë&,$81,9(56,'$'(&$7Ï/,&$'(0,1$6*(5$,6 )$&8/'$'(0,1(,5$'(',5(,72 52%(57$'(628=$3,172 75$%$/+27(0325È5,2 8PDFRQWULEXLomRSDUDDFRPSUHHQVmRGRVGLUHLWRVGR WUDEDOKDGRUGLDQWHGRSDUDGLJPDGDIOH[LELOL]DomR Belo

Leia mais

(XURSD DODUJDGD H SDtVHV YL]LQKRV SURSRVWD GH XP QRYR HQTXDGUDPHQWR SDUD DV UHODo}HV FRP RV SDtVHVYL]LQKRVRULHQWDLVHPHULGLRQDLVGD8(

(XURSD DODUJDGD H SDtVHV YL]LQKRV SURSRVWD GH XP QRYR HQTXDGUDPHQWR SDUD DV UHODo}HV FRP RV SDtVHVYL]LQKRVRULHQWDLVHPHULGLRQDLVGD8( ,3 Bruxelas, 11 de Março de 2003 (XURSD DODUJDGD H SDtVHV YL]LQKRV SURSRVWD GH XP QRYR HQTXDGUDPHQWR SDUD DV UHODo}HV FRP RV SDtVHVYL]LQKRVRULHQWDLVHPHULGLRQDLVGD8( $&RPLVVmR(XURSHLD DGRSWRX KRMH XPD FRPXQLFDomR

Leia mais

IDENTIDADE/ ALTERIDADE EM A ESTÓRIA DO HOMEM DO PINGUELO, DE GUIMARÃES ROSA Adelaide Caramuru Cézar (Universidade Estadual de Londrina)

IDENTIDADE/ ALTERIDADE EM A ESTÓRIA DO HOMEM DO PINGUELO, DE GUIMARÃES ROSA Adelaide Caramuru Cézar (Universidade Estadual de Londrina) IDENTIDADE/ ALTERIDADE EM A ESTÓRIA DO HOMEM DO PINGUELO, DE GUIMARÃES ROSA Adelaide Caramuru Cézar (Universidade Estadual de Londrina) RESUMO: Objetiva-se apresentar leitura do conto A Estória do Homem

Leia mais

'DLPSODQWDomRGD*$6HGR3ULPHLUR3URJUDPDGH5HFLFODJHP$QXDO

'DLPSODQWDomRGD*$6HGR3ULPHLUR3URJUDPDGH5HFLFODJHP$QXDO 'DLPSODQWDomRGD*$6HGR3ULPHLUR3URJUDPDGH5HFLFODJHP$QXDO A implantação da Gratificação de Atividade de Segurança GAS para os servidores ocupantes do cargo de Técnico Judiciário Área Administrativa Especialidade

Leia mais

Integração Eletrônica de Dados

Integração Eletrônica de Dados 8QL:HE(', Integração Eletrônica de Dados Agilidade, transparência e credibilidade nos processos, entre parceiros de negócios, são fatores diferenciais fornecidos pela integração entre sistemas de informação.

Leia mais

&217$%,/,'$'( DEMONSTRAÇÕES CONTÁBEIS ASPECTOS PRÁTICOS E CONCEITOS TÉCNICOS

&217$%,/,'$'( DEMONSTRAÇÕES CONTÁBEIS ASPECTOS PRÁTICOS E CONCEITOS TÉCNICOS &216(/+25(*,21$/'( &217$%,/,'$'( '25,2*5$1'('268/ DEMONSTRAÇÕES CONTÁBEIS ASPECTOS PRÁTICOS E CONCEITOS TÉCNICOS Porto Alegre-RS Julho de 2003 Editor: CONSELHO REGIONAL DE CONTABILIDADE DO RIO GRANDE DO

Leia mais

,167,7872'26. (675$7e*,$(3/$12'($&78$d 2,17(*5$'2. 0DUoRGH

,167,7872'26. (675$7e*,$(3/$12'($&78$d 2,17(*5$'2. 0DUoRGH ,167,7872'26 )81'26&2081,7È5,26 '(6(192/9,0(1726867(17$'2 '$62&,('$'('(,1)250$d 2 1$5(*, 2$87Ï120$'$0$'(,5$ (675$7e*,$(3/$12'($&78$d 2,17(*5$'2 0DUoRGH +,67Ï5,&2'('2&80(1726352'8=,'26 9(56 2 '(6&5,d 2

Leia mais

/LQX[:LQGRZV 6DPED. Para executar os procedimentos abaixo você precisa estar logado como root. $YLVR

/LQX[:LQGRZV 6DPED. Para executar os procedimentos abaixo você precisa estar logado como root. $YLVR /LQX[:LQGRZV 6DPED (GLomR Autor E-mail Home-page Coadjuvante 'DQLHO3HUHLUD*XLPDUmHV WHPS#WHFQRE\WHFRPEU ZZZWHFQRE\WHFRPEU $QW{QLR3HUHLUD*XLPDUmHV,QWURGXomR Não podemos negar que a maior parte dos usuários

Leia mais

RELATÓRIO DE GESTÃO EXERCÍCIO DE 2006

RELATÓRIO DE GESTÃO EXERCÍCIO DE 2006 RELATÓRIO DE GESTÃO EXERCÍCIO DE 2006 No cumprimento do preceituado do art. 65º do código das sociedades comerciais apresentamos na qualidade de administradores em exercício o Relatório anual de gestão

Leia mais

&RQWH[WRHFRQyPLFRHGHVHPSHQKRGRHPSUHJR. Bruxelas, 6 de Setembro de 2002

&RQWH[WRHFRQyPLFRHGHVHPSHQKRGRHPSUHJR. Bruxelas, 6 de Setembro de 2002 ,3 Bruxelas, 6 de Setembro de 2002 &RPLVVmR DILUPD TXH DV PHWDV GH HPSUHJR GH /LVERDVmRDLQGDUHDOL]iYHLVVHRV(VWDGRV0HPEURV GHUHP SULRULGDGH jv UHJL}HV SUREOHPiWLFDV H D HPSUHJRVSDUDDVPXOKHUHVHRVWUDEDOKDGRUHVPDLV

Leia mais

MAHLE Metal Leve S.A.

MAHLE Metal Leve S.A. MAHLE Metal Leve S.A. REGULAMENTO INTERNO 05 Introdução O nome MAHLE Metal Leve (MML) está relacionado ao desempenho, precisão, perfeição e inovação. Buscando performance como fazemos, nosso objetivo primordial

Leia mais

CAPA PARA IMPRE S S ÃO

CAPA PARA IMPRE S S ÃO CAPA PARA IMPRE S S ÃO Folha Tamanho A4 Jupiter1@brfree.com.br &ODXGLR=HXV 1 680È5,2 Apresentação Página 04 Sou Médium, e aí? Página 07 Como você pode melhorar seus dons mediúnicos fora do Terreiro Página

Leia mais

26(678'2662%5((16,12'()Ë6,&$1$66e5,(6,1&,$,6'2(16,12 )81'$0(17$/ 7+(678',(6$%2873+<6,&6('8&$7,21,135,0$5<6&+22/

26(678'2662%5((16,12'()Ë6,&$1$66e5,(6,1&,$,6'2(16,12 )81'$0(17$/ 7+(678',(6$%2873+<6,&6('8&$7,21,135,0$5<6&+22/ 26(678'2662%5((16,12'()Ë6,&$1$66e5,(6,1&,$,6'2(16,12 )81'$0(17$/ 7+(678',(6$%2873+

Leia mais