DOEPE 14/07/2020 - Pág. 11 - Poder Executivo - Diário Oficial do Estado de Pernambuco

Poder Executivo ● 14/07/2020 ● Diário Oficial do Estado de Pernambuco

Recife, 14 de julho de 2020

Diário Oficial do Estado de Pernambuco - Poder Executivo

Ano XCVII • NÀ 129 - 11

7(03(676(59,d26'(,1)250È7,&$6$&13-Qž
1RWDVH[SOLFDWLYDVjVGHPRQVWUDo}HV¿QDQFHLUDVLQGLYLGXDLVHFRQVROLGDGDVHPGHGH]HPEURGHHGH 9DORUHVH[SUHVVRVHPPLOKDUHVGH5HDLV
FOLHQWHVSHORVVHXVYHQFLPHQWRVHVWiDVVLPGHPRQVWUDGD
(PGHGH]HPEURGHSRUPHLRGHUHXQLmRGH&RQVHOKRGH 2VLQWDQJtYHLVUHSUHVHQWDPLQYHVWLPHQWRVUHDOL]DGRVSHOD6RFLHGDGHHPQRYDVWHFQRORJLDVHIHUUDPHQWDVGHWUDEDOKRUHODFLRQDGRVjFL


$GPLQLVWUDomRIRLGHOLEHUDGDDDTXLVLomRGHSDUWLFLSDomRVRFLHWiULD EHUVHJXUDQoDDOpPGHDWXDOL]Do}HVHFXVWRPL]Do}HV2VSURMHWRVVmRGHVHQYROYLGRVLQWHUQDPHQWHHDPRUWL]DGRVGHDFRUGRFRPVXDYLGD
'HVFULomR
&RQWURODGRUD &RQVROLGDGR
~WLO$VFDUDFWHUtVWLFDVGRVSULQFLSDLVSURMHWRVVmRDVVHJXLQWHV
QDHPSUHVD(=6,QIRUPiWLFD6$VHGLDGDQDFLGDGHGH6mR3DXOR
$YHQFHU


3URMHWR
3ULQFLSDLVFDUDFWHUtVWLFDV
HHVSHFLDOL]DGDQDSUHVWDomRGHVHUYLoRVGHVHJXUDQoDGDLQIRUPD 6WRUP
9HQFLGRV
6LVWHPDFRPGXDVYHUWHQWHV  ³7DNHGRZQ´VLVWHPDGHPRQLWRUDPHQWRHGHUUXEDGDGH³SKLVKLQJ´³PDOZDUH´³IDNH
9HQFLGRVGHDGLDV

 omR H FRPHUFLDOL]DomR GH OLFHQoDV GH VRIWZDUH 5HIHULGR LQYHVWL 
SUR¿OH´H³'16PDOLFLRVR´H9RUWLFRVLVWHPDGHSDLQHOGHFRQWUROHHH[WUDomRGHUHODWyULRVDSDUWLUGRVLQVXPRV
9HQFLGRVGHDGLDV



GH³WDNHGRZQ´JHUDGRVSHORVLVWHPD³7DNHGRZQ´
PHQWRHVWHHIHWXDGRSHODVXDFRQWURODGDLQWHJUDO7(=6HFXULW\3DU
9HQFLGRVKiPDLVGHGLDV


$OORZPH
6LVWHPDGHVHJXQGRIDWRUGHDXWHQWLFDomRHLGHQWL¿FDomRFRQWH[WXDO


 WLFLSDo}HV6$5HIHULGDDTXLVLomRSURGX]LXHIHLWRVDSDUWLUGHGH '
6LVWHPDTXHLGHQWL¿FDHYDOLGDRQGHRXVXiULRPRUDHWUDEDOKDDWUDYpVGHKHXUtVWLFDVTXHXWLOL]DPVXDJHRORFDOL]DomR


 RXWXEURGHFRPEDVHHPQHJRFLDomRHQWUHDVSDUWHV2YDORU &RLQZLVH
6LVWHPDGHYLVXDOL]DomRHQRWDUL]DomRGHGRFXPHQWRVXWLOL]DQGRR³EORFNFKDLQ´
3DUWHVUHODFLRQDGDV
&RQWURODGRUD &RQVROLGDGR GHFRPSUDDLQGDQmRGHVHPEROVDGRDWpRHQFHUUDPHQWRGHVWDVGH (O3HVFDGRU 3ODWDIRUPDGHFRQVFLHQWL]DomRHHGXFDomRFRQWUDHPDLOVPDOLFLRVRV




)RUQHFHGRUHVQDFLRQDLVHQRH[WHULRU2VDOGRGHIRUQHFHGR DMXVWHVGHFRQYHUVmRGRVLQYHVWLPHQWRVHPFRQWURODGDQRH[WHULRU
(O3HVFDGRU


 PRQVWUDo}HV ¿QDQFHLUDV IRL GH 5 D VHUHP SDJRV GD VH UHVDSDJDUpUHSUHVHQWDGRHVVHQFLDOPHQWHSRUVHUYLoRVFRQWUDWD 2XWURVDVVXQWRV(PGHGH]HPEURGHSRUPHLRGH$V
7HPSHVW8.


 JXLQWHIRUPD
GRVGHWHUFHLURVHFRPSUDGHOLFHQoDVGHXVRGHVRIWZDUHVQR%UD VHPEOHLD*HUDO([WUDRUGLQiULDD6RFLHGDGHDSUHFLRXHGHFLGLXVR
$GLDQWDPHQWRVDRV
EUHR&RQWUDWRGH&RPSUDH9HQGDGH$o}HVH2XWUDV$YHQoDVFXMR
'DWD
5 VLOHQRH[WHULRU
 VyFLRVHDFLRQLVWDV



&RQWURODGRUD REMHWRpDDTXLVLomRSHODFRQWURODGDGLUHWD7(=6HFXWLULW\H3DUWLFL
)HFKDPHQWRGDWUDQVDomR D 
 (PSUpVWLPRVH¿QDQFLDPHQWRV





&RQVROLGDGR SDo}HV6$ ³7(=´ GDWRWDOLGDGHGDVDo}HVRUGLQiULDVUHSUHVHQWD

5HIHUHPVHjGLVSRQLELOL]DomRGHQXPHUiULRVDVVRFLHGDGHVFRQWUR 
1DWXUH]D
7D[DGHMXURV   WLYDVGRFDSLWDOYRWDQWHGD(=6,QIRUPiWLFD6$ ³(=6´ SDVVDQGR
ODGDVSDUDUHIRUoRHPHUJHQFLDOGHFDL[DVHQGRDVRSHUDo}HVVX 3DVVLYRFLUFXODQWH
 &DSLWDOGHJLUR
DDD 
 D(=6VHUFRQWURODGDGLUHWDGD7(=HFRQWURODGDLQGLUHWDGD6RFLH
SRUWDGDV SRU FRQWUDWRV GH P~WXR LQFLGrQFLD GH HQFDUJRV H SUD]R
DPHDD 
 GDGH1DPHVPDGDWDD6RFLHGDGHD DSURYDHUDWL¿FDDSUHVWDomR
D±SDVVLYRQmRFLUFXODQWH
 $WLYR¿[R
GH¿QLGRGHOLTXLGDomRTXDQGRDSOLFiYHOHDGLDQWDPHQWRVDRVDFLR
&RQWDJDUDQWLD
DP

 GH ¿DQoD QD HVFULWXUD GH  HPLVVmR GH GHErQWXUHV FRQYHUVtYHLV
7RWDODSDJDU

QLVWDVSHVVRDVItVLFDV
'HVFRQWRGHGXSOLFDWDV
DDP

 HPDo}HVGD(=6E DSURYDDHPLVVmRSDUWLFXODUGHE{QXV
,QYHVWLPHQWRVHSURYLVmRSDUDSHUGDVHPFRQWURODGDV
D 'RYDORUGRSDJDPHQWRLQLFLDOGDRSHUDomRQRPRQWDQWHGH5 
 
 GHVXEVFULomRFRQYHUVtYHLVHPDo}HVRUGLQiULDVFRQIHULGRVDR),3


 5HVXOWDGRFRP VHUiDEDWLGRRYDORUGH5MiDGLDQWDGRDRVDFLRQLVWDV 3DVVLYRFLUFXODQWH
 
 FRPUHQXQFLDH[SUHVVDGRVGHPDLVDFLRQLVWDVF FDQFHODRE{QXV



HTXLYDOrQFLD
3DVVLYRQmRFLUFXODQWH
 
 GH VXEVFULomR QR  HPLWLGR HP  GH PDUoR GH  G  DSURYD

3DUWL ,QYHVWLPHQWR
SDWULPRQLDO YHQGHGRUHVGD(=6,QIRUPiWLFD6$DWpGHGH]HPEURGH $VJDUDQWLDVH[LJLGDVQRVFRQWUDWRVGHHPSUpVWLPRVH¿QDQFLDPHQ QRYDHPLVVmRSDUWLFXODUGHE{QXVGHVXEVFULomRFRQYHUVt
5HIHULGDRSHUDomRJHURXXPiJLRQRPRQWDQWHGH5DVHU
,QYHVWLPHQWRV
FLSDomR 
  
WRVHVWmRUHSUHVHQWDGDVSRUDSOLFDo}HV¿QDQFHLUDVGXSOLFDWDVHP YHLVHPDo}HVRUGLQiULDVFRQIHULGRVDR),3FRPUHQXQFLDH[SUHVVD
7(=6HFXULW\
DPRUWL]DGRSDUD¿QV¿VFDLVFRQIRUPHSURMHo}HVGHUHVXOWDGRVIXWX FREUDQoDDWLYR¿[RHDYDOGRVVyFLRV
GRVGHPDLVDFLRQLVWDVH DQXLjDVVXQomRGHFRREULJDomRQR&RQ
 3DUWLFLSDo}HV6$
 
 

WUDWRGH&RPSUDH9HQGDGH$o}HVH2XWUDV$YHQoDVGD(=6I UD
URVHGHGX]LGRVGDVDORFDo}HVGRSUHoRGHDTXLVLomRDVHUHPFDO 2EULJDo}HVWUDEDOKLVWDVHWULEXWiULDV
3URYLVmRSDUDSHUGDV

&RQWURODGRUD WL¿FDGHPDLVDSURYDo}HVGHOLEHUDGDVHP$*(GD7(=HFHOHEUDR
FXODGDVGXUDQWHRH[HUFtFLRGHHPDWHQGLPHQWRDRSURQXQFLD
 HPLQYHVWLPHQWRV

  $FRUGRGH$FLRQLVWDV
7HPSHVW6HFXULW\
PHQWR WpFQLFR &3&  5  ± &RPELQDomR GH 1HJyFLRV 1DV GH 2EULJDo}HVWUDEDOKLVWDV
5HFHLWDRSHUDFLRQDOOtTXLGD
 ,QWHOOLJHQFH/WG



 

&RQWURODGRUD
&RQVROLGDGR
PRQVWUDo}HV¿QDQFHLUDVFRQVROLGDGDVRiJLRLQFOXLWDPEpPRPRQ ,PSRVWRVHHQFDUJRVVRFLDLV±)*76,166,55)   
(O3HVFDGRU

  
3URYLVmRGHIpULDVHHQFDUJRV
  
WDQWH
GH
5

GD
FRQWURODGD
7HPSHVW
6HFXULW\
,QWHOOLJHQFH
/WG
 6RIWZDUH/WGD



 


  5HFHLWDEUXWDGHYHQGD
7RWDO
 
 

8. WRWDOL]DQGRDVVLP5
 GHSURGXWRV
   
2EULJDo}HVWULEXWiULDV
,PSRVWRVLQFLGHQWHVVREUHYHQGDV
'HQWURGRSURFHVVRGHDTXLVLomRGDFRQWURODGDLQGLUHWD(=6,QIRUPiWLFD6$IRLDSURYDGDDHPLVVmRSULYDGDGHGHErQWXUHVFRQYHUVtYHLV )HGHUDLVHPXQLFLSDLV±
      
HPDomRFRQWHQGRDVVHJXLQWHVFDUDFWHUtVWLFDV
 3,6&2),16,53-&6//,66

  HVHUYLoRVHGHYROXo}HV
   
&ODVVL¿FDomRGDHPLVVmR
HPLVVmR
3DUFHODPHQWRV
  
'HVSHVDVDGPLQLVWUDWLYDVFRPHUFLDLVHJHUDLV
'DWDGDHPLVVmR
GHGH]HPEURGH

 
&RQWURODGRUD
&RQVROLGDGR
'DWD¿QDOGDOLTXLGDomR
GHGH]HPEURGH

  
4XDQWLGDGH

3DVVLYRFLUFXODQWH
  $GPLQLVWUDWLYDV

  
9DORUWRWDOGDHPLVVmR
5
3DVVLYRQmRFLUFXODQWH
   FRPHUFLDLVHJHUDLV
(VSpFLH
4XLURJUDIiULDV

&RQVROLGDGR 'HVSHVDVFRPVHUYLoRV
      
)RUPD
1RPLQDWLYDHFRPSRVVLELOLGDGHGHFRQYHUVmRHPDo}HV

   GHWHUFHLURVSHVVRDO
'HVSHVDVFRPYLDJHQV
'HEHQWXULVWD
)XQGRGH,QYHVWLPHQWRHP3DUWLFLSDo}HV$HURHVSDFLDO
2EULJDo}HVWUDEDOKLVWDV
 
   

'LUHLWRGHFRQYHUVmR
$H[FOXVLYRFULWpULRGRGHEHQWXULVWDDVGHErQWXUHVSRGHUmRVHUFRQYHUWLGDVH[FOXVLYDPHQWHHP$o}HV
,PSRVWRVHHQFDUJRVVRFLDLV±)*76,166,55)    HUHSUHVHQWDo}HV

3UHIHUHQFLDLV&ODVVH$FRPGLUHLWRDYRWR
3URYLVmRGHIpULDVHHQFDUJRV
  'HVSHVDVFRP

GHSUHFLDomRDPRUWL]DomR







5HPXQHUDomRDQXDO
&RUUHomRSHORËQGLFH1DFLRQDOGH3UHoRVDR&RQVXPLGRU$PSOR±,3&$DDDWtWXORGHMXURV

 
$OXJXHOFRQGRPtQLR
3DJDPHQWRGDUHPXQHUDomR 6HPHVWUDODSDUWLUGH
2EULJDo}HVWULEXWiULDV
 HRXWUDVWD[DV
 
   

3DJDPHQWRGRSULQFLSDO
(PSDUFHODV¿[DVHPHH[FHWRHPFDVRGHYHQFLPHQWRDQWHFLSDGR
)HGHUDLVHPXQLFLSDLV±
 

 


YLQFXODGRVjGHVFXPSULPHQWRVGHREULJDo}HV
 3,6&2),16,53-&6//,66

 'HVSHVDVWULEXWiULDV

 

*DUDQWLDV
1mRHVWmRFREHUWDVSRUJDUDQWLDVUHDLVRXÀXWXDQWHV
3DUFHODPHQWRV
  'HVSHVDVFRPFRQFHVVLRQiULDV  
2EULJDo}HVDGLFLRQDLV
‡(QYLDUFySLDVGDVGHPRQVWUDo}HV¿QDQFHLUDVUHODWLYDVDRH[HUFtFLRVRFLDOHQWmRHQFHUUDGR

  2XWUDVUHFHLWDV GHVSHVDV 
   
  

GHYLGDPHQWHDXGLWDGDSRU&RPSDQKLDGHDXGLWRULDLQGHSHQGHQWHFDGDVWUDGDQD&90

   JHUDLVDGPLQLVWUDWLYDV
      

‡$YLVRDRVWLWXODUHVGHGHErQWXUHVRVIDWRVUHOHYDQWHVDVVLPFRPRDWDVGH$VVHPEOHLD*HUDLVH
3DVVLYRFLUFXODQWH
  
5HVXOWDGR¿
QDQFHLUR

UHXQL}HVGRFRQVHOKRGHDGPLQLVWUDomRGDHPLVVRUDTXHGHDOJXPDIRUPDHQYROYDP
3DVVLYRQmRFLUFXODQWH
 
&RQWURODGRUD
&RQVROLGDGR

LQWHUHVVHGRVWLWXODUHVGHGHErQWXUHV
 3URYLVmR SDUD GHPDQGDV MXGLFLDLV $ 6RFLHGDGH QR FXUVR 

  
$VGHErQWXUHVGHYHUmRVHULQWHJUDOL]DGDVHPDWpGLDVGDGDWDGHVXDHPLVVmR
QRUPDOGHVXDVDWLYLGDGHVHVWiVXMHLWDDSURFHVVRVMXGLFLDLVGHQD 'HVSHVDV¿QDQFHLUDV
 
 
 

WXUH]D WULEXWiULD WUDEDOKLVWD H FtYHO $ $GPLQLVWUDomR DSRLDGD QD 'HVSHVDVEDQFiULDVJHUDLV
$PRYLPHQWDomRGRVLQYHVWLPHQWRVHGDVSURYLV}HVSDUDSHUGDVHP 5HVXPRGHPRYLPHQWDomR
0XOWDMXURVHRXWURV
FRQWURODGDVpFRPRVHJXH
(O 7HPSHVW

  RSLQLmRGHVHXVDVVHVVRUHVOHJDLVHTXDQGRDSOLFiYHOIXQGDPHQWD
 DFUpVFLPRVGHSDVVLYR

 
 


3HVFDGRU
8. 7(= 7RWDO 6DOGRLQLFLDO

 GDHPSDUHFHUHVHVSHFt¿FRVHPLWLGRVSRUHVSHFLDOLVWDVDYDOLDDH[
2XWUDVGHVSHVDV¿QDQFHLUDV

 


6DOGRVHPGHGH]HPEURGH 
 
  $TXLVLo}HV
  SHFWDWLYDGRGHVIHFKRGRVSURFHVVRVHPDQGDPHQWRHGHWHUPLQDD








ÈJLRQDFRPSUDGHLQYHVWLPHQWR


  %DL[DV
 
 QHFHVVLGDGHRXQmRGHFRQVWLWXLomRGHSURYLVmRSDUDGHPDQGDVMX

&RQWURODGRUD
&RQVROLGDGR
 (TXLYDOrQFLDSDWULPRQLDO


  'HSUHFLDomR
 
 GLFLDLV 'H DFRUGR FRP RV DVVHVVRUHV MXUtGLFRV QmR Ki SURFHVVRV
5HFHLWDV¿QDQFHLUDV

  
 3HUGDVHPLQYHVWLPHQWR

 
  6DOGR¿QDO
  HPDQGDPHQWRFODVVL¿FDGRVFRPRGHSHUGDSURYiYHOSDUDRVH[HU
5HQGLPHQWRVREUH
7UDQVIHUrQFLDSDUDSURYLVmR

&RQVROLGDGR FtFLRV¿QGRVHPGHGH]HPEURGHHGH1mRKiSUR
 DSOLFDomR¿QDQFHLUD




FHVVRVVLJQL¿FDWLYRVFODVVL¿FDGRVFRPRGHSHUGDSRVVtYHOSDUDGL
 SDUDSHUGDVHPLQYHVWLPHQWRV


  
7D[DPpGLDDQXDO
-XURVHPFRQWUDWRVGHP~WXR




6DOGRVHPGHGH]HPEURGH 

  
GHGHSUHFLDomR   YXOJDomR3DWULP{QLROtTXLGR&DSLWDOVRFLDO2FDSLWDOVRFLDO
2XWUDVUHFHLWDV¿QDQFHLUDV




 $GLDQWDPHQWRSDUDIXWXUR
0yYHLVHXWHQVtOLRV


 VXEVFULWRHLQWHJUDOL]DGRHPGHGH]HPEURGHHGHp


 

 DXPHQWRGHFDSLWDOVRFLDO  


  0iTXLQDVHTXLSDPHQWRVHDFHVVyULRV


 GH5UHSUHVHQWDGRSRUDo}HVRUGLQiULDVQRPLQDWL
,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOVREUHROXFUROtTXLGR
 (TXLYDOrQFLDSDWULPRQLDO
 
    (TXLSDPHQWRVGHLQIRUPiWLFD
 
 YDVVHPYDORUQRPLQDO(PGHMDQHLURGHD6RFLHGDGHDO
,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOVREUHROXFUROtTXLGR
9DULDomRFDPELDOGH
%HQIHLWRULDVHPLPyYHLVGHWHUFHLURV
 
 WHURXRIRUPDWRGHVRFLHGDGHOLPLWDGDSDUDVRFLHGDGHDQ{QLPDIH
FRUUHQWH
 LQYHVWLPHQWRQRH[WHULRU



 %HQVHPFRPRGDWR


 FKDGD6XDFRPSRVLomRDFLRQiULDpDVHJXLQWH

&RQWURODGRUD
&RQVROLGDGR
$o}HVRUGLQiULDV
5

7UDQVIHUrQFLDSDUDSURYLVmR
(TXLSDPHQWRVGHWHOHFRPXQLFDomR


 


  
 SDUDSHUGDVHPLQYHVWLPHQWRV


  
   )XQGRGH,QYHVWLPHQWRHP
/XFURGRH[HUFtFLRDQWHVGRV
  
6DOGRVHPGH
'HSUHFLDo}HVDFXPXODGDV
  
  3DUWLFLSDomR$HURHVSDFLDO ³),3´ 
 LPSRVWRVVREUHROXFUR
   
 GH]HPEURGH

   ,PRELOL]DGROtTXLGR
   &ULVWLDQR/LQFROQGH$OPHLGD0DWWRV     (TXLYDOrQFLDSDWULPRQLDO
 
 


0DUFR$QW{QLR&DUQXWGRV6DQWRV
  
,QYHVWLPHQWRV


  5HVXPRGHPRYLPHQWDomR
 $GLo}HV±GHVSHVDV
(YDQGUR&XUYHOR+RUD



3URYLVmRSDUDSHUGDV

  
 QmRGHGXWtYHLV




 
 HPLQYHVWLPHQWRV


  6DOGRLQLFLDO
 
 $OGR%DUERVD$OEXUTXHUTXH6HJXQGR 
 ([FOXVmRGROXFUR

 
 ,QFOXLRPRQWDQWHGH5jWtWXORGHDGLDQWDPHQWRSDUDIX $TXLVLo}HV
   )HUQDQGR8FKRDGH0RUDHV
 SUHMXt]R GHFRQWURODGDV





 
WXUR DXPHQWR GH FDSLWDO UHPDQHVFHQGR VXD IRUPDOL]DomR HIHWLYD $TXLVLomRGHFRQWURODGD±VDOGRLQLFLDO


 -RmR3DXORGD&RVWD%DUURV/LQV
  %DVHHIHWLYD
   
1DVGHPRQVWUDo}HV¿QDQFHLUDVHQFHUUDGDVHPGHGH]HPEURGH %DL[DV

 

 
 $GD5RVHQIHOG
,PSRVWRGHUHQGDDGLFLRQDOGH
UHIHULGRYDORUHVWDYDFODVVL¿FDGRQRDWLYRQmRFLUFXODQWH
  
'HSUHFLDomR

 
 
 LPSRVWRGHUHQGDHFRQWULEXLomR
,QIRUPDomR VXPiULD GDV GHPRQVWUDo}HV ¿QDQFHLUDV GDV FRQ 6DOGR¿QDO
   (PGHIHYHUHLURGHKRXYHDWUDQVIHUrQFLDGHDo}HVGRVVy   VRFLDOVREUHROXFUROtTXLGR
   
WURODGDV
7(= (O3HVFDGRU 7HPSHVW8. ,QWDQJtYHO
FLRV&ULVWLDQR/LQFROQGH$OPHLGD0DWWRV0DUFR$QW{QLR&DUQXWGRV
,QVWUXPHQWRV¿QDQFHLURV2VLQVWUXPHQWRV¿QDQFHLURVFRUUHQ
$WLYRFLUFXODQWH


 ,QWDQJtYHOHPRSHUDomR
6DQWRVH(YDQGUR&XUYHOR+RUDSDUDRVDFLRQLVWDV)HUQDQGR8FKRD
WHPHQWHXWLOL]DGRVSHOD6RFLHGDGHHVXDVFRQWURODGDVUHVWULQJHP
$WLYRQmRFLUFXODQWH


 
&RQWURODGRUD
&RQVROLGDGR GH0RUDHV-RmR3DXORGD&RVWD%DUURV/LQVH$GD5RVHQIHOG(P VHDRFDL[DHHTXLYDOHQWHVGHFDL[DFRQWDVDUHFHEHUSDUWHVUHOD
7RWDOGRDWLYR


 

   GHPDUoRGHIRLGHOLEHUDGRSRUPHLRGH$VVHPEOHLD*HUDO FLRQDGDVDUHFHEHUHIRUQHFHGRUHVDSDJDUHPFRQGLo}HVQRUPDLV
3DVVLYRFLUFXODQWH


 6RIWZDUHHSURJUDPDV
([WUDRUGLQiULDRDXPHQWRGHFDSLWDOGD6RFLHGDGHPHGLDQWHDHPLV
GHPHUFDGRHVWDQGRUHFRQKHFLGRVQDVGHPRQVWUDo}HV¿QDQFHLUDV
3DVVLYRQmRFLUFXODQWH


  GHFRPSXWDGRU



 VmRGHQRYDVDo}HVRUGLQiULDVQRPLQDWLYDVHVHPYDORUQR SHORVFULWpULRVGHVFULWRVQD1RWD([SOLFDWLYDQž(VWHVLQVWUXPHQWRV
3DWULP{QLROtTXLGR


 3URMHWR6WRUP
    PLQDOLQWHJUDOL]DGDVSHORQRYRDFLRQLVWDR)XQGRGH,QYHVWLPHQWR VmRDGPLQLVWUDGRVSRUPHLRGHHVWUDWpJLDVRSHUDFLRQDLVYLVDQGRj
7RWDOGRSDVVLYR
3URMHWR$OORZPH

 
 HP 3DUWLFLSDo}HV $HURHVSDFLDO ³),3 $HURHVSDFLDO´  QR PRQWDQWH OLTXLGH]UHQWDELOLGDGHHPLQLPL]DomRGHULVFRV2VSULQFLSDLVLQVWUX
 HGRSDWULP{QLROtTXLGR


 3URMHWR3 '$WWDFN9HFWRU



 WRWDOGH5&RPLVWRRFDSLWDOVRFLDOSDVVRXGH5SDUD PHQWRV¿QDQFHLURVDWLYRVHSDVVLYRVHPGHGH]HPEURGH
/XFUREUXWR

 
 3URMHWR3 '3URGXFW/DE



 5(PGHPDLRGHIRLGHOLEHUDGRSRUPHLRGH$V VmRGHVFULWRVDVHJXLUEHPFRPRRVFULWpULRVSDUDVXDYDORUL]DomR
2XWUDVUHFHLWDV
3URMHWR$IURGLWH6KLU\X



 VHPEOHLD*HUDO([WUDRUGLQiULDRDXPHQWRGHFDSLWDOGD6RFLHGDGH ‡ &DL[D H HTXLYDOHQWHV GH FDL[D RV VDOGRV HP FRQWD FRUUHQWH H
 'HVSHVDV RSHUDFLRQDLV
 
 
 3URMHWR'

 
 PHGLDQWHDHPLVVmRGHQRYDVDo}HVRUGLQiULDVQRPLQDWLYDV DSOLFDo}HV ¿QDQFHLUDV PDQWLGRV HP EDQFRV WrP VHXV YDORUHV GH
/XFUR SUHMXt]R RSHUDFLRQDO 
 
 3URMHWR9ROFDQR



 HVHPYDORUQRPLQDODVHUHPLQWHJUDOL]DGDVSHORDFLRQLVWD),3$H PHUFDGRLGrQWLFRVDRVVDOGRVFRQWiEHLVHPUD]mRGHVXDFDUDFWH
5HVXOWDGR¿QDQFHLUROtTXLGR

 
 3URMHWR(O3HVFDGRU

   URHVSDFLDOQRPRQWDQWHGH5&RPLVWRRFDSLWDOVRFLDOSDV UtVWLFDGHFXUWRSUD]RHSRUHVWDUHPVXMHLWRVDMXURVGHPHUFDGR‡
,PSRVWRGHUHQGDHFRQWULEXLomR

    VRXGH5SDUD55HVHUYDOHJDO&RQVWLWXtGDDDOt &RQWDVDUHFHEHUDVFRQWDVDUHFHEHUGHFOLHQWHVVmRDYDOLDGDVQR
 VRFLDOVREUHROXFUROtTXLGRH
TXRWDGHVREUHROXFUROtTXLGRGRH[HUFtFLRDWpDWLQJLURPRQWDQ PRPHQWRLQLFLDOSHORYDORUSUHVHQWHHGHGX]LGDVGDSURYLVmRSDUD
 $PRUWL]DomR
  SDUWLFLSDomRGHDFLRQLVWDV
 DFXPXODGD±DD
 
   
 WHGHGRFDSLWDOVRFLDOGHDFRUGRFRPD/HLGDV6RFLHGDGHV FUpGLWRVGHOLTXLGDomRGXYLGRVDTXDQGRDSOLFiYHO‡)RUQHFHGRUHV
   QmRFRQWURODGRUHV
 

 
    $Q{QLPDV'HVWLQDomRGRVUHVXOWDGRV2HVWDWXWRVRFLDOGHWHUPL RVVDOGRVGHIRUQHFHGRUHVWrPVHXVYDORUHVGHPHUFDGRLGrQWLFRV
/XFUR SUHMXt]R GRH[HUFtFLR 
 
 ,QWDQJtYHOHPIRUPDomR
QDTXHGRUHVXOWDGRDSXUDGRHPFDGDH[HUFtFLRWHQKDPGHGX]LGRV DRVVDOGRVFRQWiEHLV‡3DUWHVUHODFLRQDGDVDUHFHEHURVYDORUHV
,PRELOL]DGR
&RQWURODGRUD 
&RQWURODGRUD
&RQVROLGDGR RVSUHMXt]RVDFXPXODGRV2SUHMXt]RGRH[HUFtFLRVHUiREULJDWRULD UHFRQKHFLGRVUHSUHVHQWDPDSDUFHODHP5HDLVGRVYDORUHVDUHFH

7D[DPpGLDDQXDO


   PHQWHDEVRUYLGRSHORVOXFURVDFXPXODGRVSHODVUHVHUYDVGHOXFURV EHU DFRUGDGRV HQWUH DV SDUWHV 5LVFR GH FUpGLWR $ 6RFLHGDGH H

GHGHSUHFLDomR   3URMHWR&RLQZLVH
    HSHODUHVHUYDOHJDOQHVWDRUGHP'ROXFUROtTXLGRDSXUDGRDSyVGH VXDVFRQWURODGDVQmRSRVVXHPFRQFHQWUDomRGHULVFRGHFUpGLWRGH
0yYHLVHXWHQVtOLRV


 3URMHWR6WRUP



 GXomRGRVSUHMXt]RVDFXPXODGRVVHUmRDSOLFDGRVQDFRQVWLWXL FOLHQWHV HP GHFRUUrQFLD GD GLYHUVL¿FDomR GD FDUWHLUD GH FOLHQWHV
0iTXLQDVHTXLSDPHQWRVHDFHVVyULRV


 3URMHWR$OORZPH



 omRGDUHVHUYDOHJDOTXHQmRH[FHGHUiGRFDSLWDOVRFLDO(IH DOpP GR FRQWtQXR DFRPSDQKDPHQWR GRV SUD]RV GH ¿QDQFLDPHQWR
(TXLSDPHQWRVGHLQIRUPiWLFD
 
 3URMHWR3 '$WWDFN9HFWRU



 WXDGDVDVGHGXo}HVHGHVWLQDo}HVHVWDWXWiULDVVHUiGLVWULEXtGRDRV GDVYHQGDV4XDQWRDRULVFRGHFUpGLWRDVVRFLDGRjVDSOLFDo}HV¿
%HQIHLWRULDVHPLPyYHLVGHWHUFHLURV
 
 3URMHWR3 '3URGXFW/DE



 DFLRQLVWDVXPGLYLGHQGRPtQLPRGHGROXFUROtTXLGR(PGH QDQFHLUDVHHTXLYDOHQWHVGHFDL[DD6RFLHGDGHHVXDVFRQWURODGDV
%HQVHPFRPRGDWR


 3URMHWR$IURGLWH6KLU\X



 DEULOGHIRLGHOLEHUDGDSRUPHLRGHUHXQLmRGR&RQVHOKRGH$G VRPHQWHUHDOL]DPRSHUDo}HVHPLQVWLWXLo}HVFRPEDL[RULVFRDYDOLD
(TXLSDPHQWRVGHWHOHFRPXQLFDomR


 3URMHWR'



 PLQLVWUDomRDGLVWULEXLomRGHGLYLGHQGRVQRYDORUGH5(P GDVSRUDJrQFLDVLQGHSHQGHQWHVGHFODVVL¿FDomR5LVFRGHOLTXL

   2XWURVSURMHWRVHPDQGDPHQWR 
 
 GHIHYHUHLURGHIRLGHOLEHUDGDSRUPHLRGHUHXQLmRGR&RQ GH]$SROtWLFDGHJHUHQFLDPHQWRGHULVFRVLPSOLFDHPPDQWHUXPQt
'HSUHFLDo}HVDFXPXODGDV
  
 
    VHOKR GH $GPLQLVWUDomR D GLVWULEXLomR GH GLYLGHQGRV QR YDORU GH YHOVHJXURGHGLVSRQLELOLGDGHVGHFDL[DRXDFHVVRVDUHFXUVRVLPH
,PRELOL]DGROtTXLGR
   7RWDOGRLQWDQJtYHO
    5 $MXVWH GH DYDOLDomR SDWULPRQLDO 9DORUHV UHODWLYRV DRV
continua...
...continuação