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CAMPO - AÑO 9 - NUMERO 107 - MAYO 2010 - PARAGUAY - PORTALGUARANI

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7/21/2019 CAMPO - AÑO 9 - NUMERO 107 - MAYO 2010 - PARAGUAY - PORTALGUARANI http://slidepdf.com/reader/full/campo-ano-9-numero-107-mayo-2010-paraguay-portalguarani 1/192  B N Y S B @ A I B I I C @  BÒH 1 |  Lº 2;? |  FBQH 5;2;  B^SLNAÞL„[BUBOSBQ IA^YUAESNAÞL OUBYSAYB  B O U H [ C N S B U A H www.nbfphborhpcnubrah.nhf.py Ucd`cjh ic euclb nhscngb Ucd`cjh ic euclb nhscngb [BLHUBFB IC@ YUAOH [BLHUBFB IC@ YUAOH YACF[H IC NHUICUH^ YACF[H IC NHUICUH^ CW[H ^BLYB UAYB CW[H ^BLYB UAYB C` ulavcrsh ic` borhlcohnah phlc cl vai  tcnlh`hoæb ic pultb pbrb dhrtb`cncr nbi  vcz fâs `b prhiunnaþl borhpcnubrab. @b iánafh hntbvb cianaþl ic `b Cxph ^bltb rcúlc b 95; cfprcsbs y cspcrb b 23;.;  vasatbltcs. @b euclb nhscngb, c` hptafas `hs euclhs lcohnahs rcsb`tbl b `b fucst
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    B N Y S B @ A I B I I C @

    BH 1 |L 2;? |FBQH 5;2;B^SLNAL[BUBOSBQ

    IA^YUAESNAL OUBYSAYB

    B O U H [ C N S B U A H

    www.nbfphborhpcnubrah.nhf.py

    Ucd`cjh iceuclb nhscngbUcd`cjh iceuclb nhscngb

    [BLHUBFB IC@ YUAOH[BLHUBFB IC@ YUAOH

    YACF[H IC NHUICUH^YACF[H IC NHUICUH^

    CW[H ^BLYB UAYBCW[H ^BLYB UAYB

    C` ulavcrsh ic` borhlcohnah phlc cl vaitcnlh`hob ic pultb pbrb dhrtb`cncr nbivcz fs `b prhiunnal borhpcnubrab. @binafh hntbvb cianal ic `b Cxph ^bltbrclc b 95; cfprcsbs y cspcrb b 23;.;

    vasatbltcs. @b euclb nhscngb, c` hptafas`hs euclhs lcohnahs rcsb`tbl b `b fucst

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    DC IC CUUBYB. [hr ulb cquavhnbnal alvh`ultbrab cl b poalb 227 i`b cianal 2;> ic `b rcvastb Bntub`aibi ic` Nbfph Borhpcnubrah sc fclnahl b b fbrnb ic panhs BIAB. Bn`brbfhs quc c` br tnu`h sh`h gbnb rcdrclnab b` taph ic panhs pbrb bs dulnahlcs cspcndanbs y lh b b fbrnb.

    ^SFBUAHBNYSB@AIBI IC@NBF[H BOUH[CNSBUAH

    FBQH 5;2;

    BH 1L 2;?

    CW[H ^BLYB UAYB 5;2;LHYB IC YB[B

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    @b Cxph ^bltb Uatb 5;2; cst cl fbrngb y `b prcscltccianal cs c` rcd`cjh ic `b euclb nhscngb. @b fucstrbphlc cl vairacrb tcnlh`hob ic pultb pbrb bvblzbr nhl`b bntavaibi ic` nbfph nhl fs iavcrsadanbnal y prcna-

    sal. @b dcrab nhlvhnb b 95; cfprcsbs cxphsathrbs ycspcrb ulbs 23;.;;; vasatbltcs.

    C` Nctbpbr yb duc trblsdcraih b lucstrh pbs. Slb dulib-nal byuibr cl su bifalastrbnal, pcrh `b aicb cs qucb nhrth p`bzh oclcrc sus prhpahs rcnurshs. C` prhncsh``cv ulb inbib, gbstb bnncicr b` nbrlct ic lbnahlb-`azbnal ic `b afphrtbltc ulaibi ic alvcstaobnal y icbphyh b `bs bntavaibics prhiuntavbs.

    >9

    NBB IC BZNBUC` NCNB rcb`az ulb jhrlbib tnlanb cl Lbtb`anah Yb`bvcrb (Oubapbrb prcscltbr `hs rcsu`tbihs ic `bs `tafbs alvcstaobnahlcs. @aliustrab`cs y prhiunthrcs n`bfbl b` ulshlh phr lucvbs vbracics, quc pucibl ibr c` drcsnhr ic fbtcrab`cs quc rccfp`bncl

    bquc``bs quc ``cvbl inbibs y quc ghy shl hesh`ctbs.

    22

    UCDHUC^YBNAL @HOUBIB[brb `horbr ulb rcdhrcstbnal nhl Cunb`yptus spp., cxastcl bspths tnlanhs quc lh phicfhs icjbr ic hescrvbr, iceaih b quc

    fasfhs obrbltazbl ul rcthrlh ic `b alvcrsal rcb`azbib. C` allacrh Clraquc Zanglcr ic [`bltcn ib sus rcnhfclibnahlcs pbhetclcr `hs vh`fclcs ic fbicrb y `b rcltbea`aibi cspcrbib.

    JHULBIB LAICUB CL YSNSFLLaicrb ^cfa``bs prcsclt `h fs lucvh quc iasphlc cl fbtcrabic shjb, fbz y shroh cl ulb jhrlbib ic nbfph quc sc rcb`az clrcb cxpcrafcltb` ic `b cfprcsb, satubib cl @b Nruz, [rhvalnab Yunufl, Brocltalb. C` cvclth sc icsbrrh`` c` 51 ic bera` pbsb[brtanapbrhl tnlanhs ic [brbouby alvatbihs phr Nhpbtab.

    29

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    Y

    D D

    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH4

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    Yc`cdbx: (;52) 425 9;944; 179452 ??;/C-fba`: rcvnbfphKnbfphborhpcnubrah.nhf.

    www.nbfphborhpcnubrah.nhf.pyYHIH^ @H^ ICUCNGH^ UC^CUTBIH^

    CIAYHUAB@

    IC[CLIC IC @B @HNHFHYHUBC l trfalhs ic fhthrazbnal, `b prhiunnal pucic thfbr `b flourb ic ulb orblvb drrcb phr b nub` trblsatb ul trcl, nhl hnhfhthrb y vbohlcs. [brb quc c`

    vabjc scb euclh sc icec ibr ulb sufb ic dbnthrcs, nhfh quc `b vb cst cl nhlia-nahlcs, c` nbfalh lh scb fuy thrtuhsh y `b fqualb dulnahlc eacl, lh scb fuyhesh`ctb y nufp`b nhl bs cxaoclnabs flafbs pbrb bs nub`cs duc nhlstruaib.

    [crh fs phicfhs ncltrbrlhs cl c` trcl. Lcncsatb ic ulb euclb `hnhfhth-rb. ^al c``b, c` rcsth, `hs vbohlcs phnh h lbib pucicl gbncr. ^a `b `hnhfhthrb cs

    vacjb y lh ``clb bs cxpcntbtavbs, hevabfcltc quc, bul cl c` fcjhr nbfalh, lh scbvblzbr nhl `b altclsaibi y dulnahlb`aibi lcncsbrabs.

    Aoub`fcltc, icec tclcr ulb nhrrcntb trbnnal pbrb quc `c saobl `hs dur-ohlcs, phr `h quc rcquacrc ic ulb euclb nhfp`cfcltbnal icsic c` prafcrnbrrh gbstb c` ic nh`b. @b vcrsbta `aibi ic `b fqualb pcrfatar aln`ush shrtcbr

    vbs iadna`cs .@b shjb cs `b `hnhfhthrb ic `b prhiunnal cl [brbouby. [hr c``h rcsu`tb af-

    phrtbltc quc tclob `hs nbeb``hs ic ducrzb lcncsbrahs, `b dulnahlb`aibi y c` phrtcpbrb ``cvbr `hs vbohlcs y btclubr `bs alnhfhiaibics cxtcrlbs iurbltc c` vabjc.

    Cs `h quc sc vc cstc bh. @b shjb sb`a eacl y byui b pbobr nucltbs. Lh sh`hpcrfata ibr ul rcsparh fllblnacrh b` nbfph, tbfeal nhltraeuy pbrb nbfeabrc` scfe`bltc ic vbrahs prhiunthrcs, quaclcs gbstb `b zbdrb pbsbib lh phiblhnu`tbr `b lcncsaibi ic hxaoclbr sus lfcrhs pbrb cvatbr quc saob bghoblih`hs cdcnths ic fb`bs nbfpbbs, nhl prcnahs ebjhs, n`afb fb`vh`h y ebjb prh-iuntavaibi.

    ^a `b shjb sb`c eacl, `b `hnhfhthrb saouc su nbfalh c alycntb fs erhs b `bprhiunnal. Cjcfp`h ic c``h cs c` traoh. Yhibvb nhl orblics nbltaibics boubr-iblih cl sa`hs, `b cxpcntbtavb cs b nrcncr. Gby eucl lafh. @b euclb zbdrb shjc-

    rb nhltboab. Csh cs cvaicltc. Bulquc c` boranu`thr lh cst pbrb tarbr `b nbsb phr`b vcltblb, farb hptafastb `b lucvb sacferb.

    Cs csc hptafasfh c` quc sc icec nuaibr, phr c` quc sc icec vc`br pbrb trbls-fatar c` cltusabsfh. Cs `h quc cspcrb c` nbfph: euclbs scb`cs, bltcs quc gh-razhltcs lcorhs, ``clhs ic alscouraibi c alncrtaiuferc. Cs `b htrb pbrtc qucrcquacrc ul vabjc, bicfs ic `b `hnhfhthrb, quc `bs vbs scbl `aercs pbrb c` trl-sath. Bs, c` rcnhrraih scr fs trblqua`h y prcvasae`c.

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    C L Y U C T

    [hr Lhc`ab Uaquc`fc

    FAOSC@ GHUBNAH @HTCUB UATB^,prcsaicltc ic` clbvc.

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    Slb ic `bs prahraibics cs nuaibr `bsb`ui gufblb nhl rcsphlsbea`aibi sh`a-ibrab, c` fciah bfeacltc nhl rcsphlsb-ea`aibi gastranb y lucstrb cnhlhfb nhlrcsphlsbea`aibi icfhnrtanb. Csth saola-

    flnb gbncr quc `hs scrvanahs quc prcstb cstbalstatunal ``coucl b fs prhiunthrcs,quc nhltcfp`cl thib `b obfb ic prhiun-thrcs y thihs sus icrcnghs y bscourbr`c, cl`b fciab quc altcrvalbfhs nhrrcntbfcltcbnncsh b fcjhrcs fcrnbihs, quc cvatcfhs`b altrhiunnal fbsavb ic p`bobs y prh-iunths quc ic b`oulb dhrfb alorcsbl btrbvs ic b`ol fcnblasfh ic ics`cb`tbiic prhiunthr lbnahlb`.

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    su phsturb cl nhltrb b` fhic`h ic fhlhnu`tavh cxtcls

    Cspcrh quc `hs orcfahs ic

    prhiunnal scbl sclsbths

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH7

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    b `hs fcrnbihs `hnb`cs. B`` tbfeal vbfhsb cstbr prhtcoaclih `hs altcrcscs ic` nhl-sufaihr lbnahlb`, phrquc `b prhiunnallh sh`h taclc ulb dulnal cnhlfanb, nh-fcrnab`, salh quc tbfeal cs c` sustclth ic`b phe`bnal y nublih fs sblhs scbl `hsb`afclths, `b phe`bnal y `b sb`ui pe`anbsc eclcflnabrl.

    Yhih csh cstbfhs iaspucsths y cfpcb-ihs b nhlsaicrbr cl lucstrb bnnal bifa-lastrbtavb.

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    bornh`b cl oclcrb`8@HTCUB Qh quacrh vcr b` nbf-ph nhfh ulb ulaibi, sal iadc-rclnab ic hphrtulaibics pbrbnbib prhiunthr. Ghy vcfhs qucgby ul scnthr ic prhiunthrcsfcnblazbihs fuy pujbltc, su-fbfcltc cfprclicihrcs y qucgb ``cobih b lavc`cs gastranhsic `b prhiunnal y `b prhiunta-

    vaibi ic sus nbfphs. B cshs tc-lcfhs quc scouar bphyblih ybquc `b nhltraeunal quc gbncl b

    `b cnhlhfb lbnahlb` cs sufb-fcltc afphrtbltc.

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    sc sacltbl nbpbncs h nhl c` la-fh ic tclcr ulb nhlvcrsbnalnhlstruntavb csthy iaspucsth brcnaear`hs sal lalol prhe`cfb.Qb csthy rculalihfc nhl prh-iunthrcs ic htrbs bshnabnahlcs.Bs quc c``hs icnaiarl.

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    quc scr pbrtc ic` icebtc, quc b`ol ib icerbfhs tclcr, quc yb cstbfhs tclaclih nhtrb ocltc, quc yb csthy gbnc bhs ``cvblb nbeh nhl ocltc quc taclc altcrs cl binubr su fhic`h prhiuntavh b prntanbs fsustcltbe`cs. Clthlncs lh sc trbtb ic quc

    pucib pclsbr h lh, salh quc nhl thib hetavaibi nratanbfhs b` fhic`h quc pclsbflcncsatb fcjhrbr. H sa lh safp`cfcltc csfhs sufaihs cl ulb alcrnab phr ulb nuctal ic nhlvclaclnab h ihoftanb.

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    vaocltc. C` ush ic borhqufancs ulh, pcrh gby prhe`cfbs scfa``bs, fblcjh ic cpaicfabhtrhs.

    [hr c` fhfclth gby db`clnagby iflnat cl `b bp`anbnal,

    roblhs ic nhltrh` lh dulnahlcl `b fciaib cl quc icecrdulnahlbr y csh cs `h qucrcffcjhrbr. Bghrb nhl rcspcnthnbfeabr h b prhphlcr lucvb oas`bnal, lucvb lhrfbtavb pbcsh lcncsatbfhs ul bl`asas fngh fs prhdulih quc sa cstbfcfprcliaclih, pcrh thibvb ``cobfhs b nhln`usahlcs y csh b vclar b fciablh y `broh p`bz

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    NHL^AICUH RSC [BUB [HICU YHFBU ICNA-^AHLC^ NHL UC^[HL^BEA@AIBI ^HEUC C@FBZ YUBL^OLANH ICEH YCLCU SL IABO-L^YANH NHLDABE@C Q @B^ [UHQCNNAHLC^LCNC^BUAB^ CL NSBLYH B UAC^OH, [HYCL-

    NAB@ Q [H^AE@C^ NHLYUBALIANBNAHLC^.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH2;

    savc `b boranu`turb alioclb ihlic vcfhsprhe`cfbs scrahs ic crhsal ocltanb, phriadcrcltcs rbzhlcs. Csths shl ic prhiunth-rcs pcquchs, pcrh cl trfalh ic borheah-iavcrsaibi cs `b jhyb ic `b nhrhlb.

    NBF[H Nhl c` scnthr cfprcsbrab` scfa-

    ``crh nfh vb b prhncicr8@HTCUB [rafcrh sc icec gbncr ul orblbl`asas pbrb vcr cl rcb`aibi qu cs `h qucsc cst prhiunaclih cl ebsc b `b lhrfb-tavb vaocltc, nu` cs c` lavc` ic rcoastrh yic bnbtbfaclth ic `b lhrfbtavb. Gby qucnhlsaicrbr quc c` scnthr cfprcsbrab` taclcfungh fs rcnurshs, cs fungh fs oa` ycst fungh fcjhr hroblazbih quc funghsscnthrcs pbrb rcbnnahlbr b prhpucstbs. Yh-ibs `bs prhpucstbs quc gbobfhs vbl b scr

    justbfcltc eusnblih sh`unahlcs, bicnub-nal y trbtblih b thib nhstb ic

    cvatbr prhe`cfbs.

    NBF[H Yaclc cl fcltc b`-oulbs fciaibs cspcnflnbs pbrbcstc scnthr8@HTCUB Yclcfhs cl fcltcul prhncsh fuy ialfanh icdhrfb`azbnal ic` cstbfclthscfa``crh. Tbfhs b prhfhvcr`b dhrfb`azbnal, phrquc cl cshlhshtrhs lh phicfhs scouar rc-trbsbihs. @b scfa``b cs `b ebsc ic`b prhiunnal.

    NBF[H

    Ru cstrbtcoab taclcprcvasth icsbrrh``br8@HTCUB Lh tclcfhs lbib th-ibvb nhfh cstrbtcoab, pcrh ia-obfhs quc `bs nhsbs esanbs qucs tclcfhs quc gbncr cs c`cvbr c`lavc` ic ncrtaflnbnal ic bs scfa-``bs uta`azbibs, c` lavc` ic rcoastrhy gby quc p`blcbr cstrbtcoabs ypbrb csh vbfhs b cstbr rculal-ihlhs nhl c` scnthr pravbih yphr supucsth tbfeal nhl `hs

    scfa``crastbs trbianahlb`cs, quc scxastcl y quc tclcfhs quc nrcbrulb cstrbtoab pbrb quc c``hs sa-obl cl bntavaibi.

    NBF[H Nu` cs su hpalalsherc b eahtcnlh`hob8@HTCUB @b eahtcnlh`hob cspbrb f ulb gcrrbfacltb, quclhs ib `bs ebscs pbrb ibr iabo-

    lstanhs fs bicnubihs ic` oclhfb ic `hsnu`tavhs quc qucrbfhs prhfhvcr. [hr htrh`bih lhs byuib b aicltaflnbr fb`cs, ih`cl-nabs y bdcnnahlcs ic ulb dhrfb fungh fsictb``bib. Cs ulb gcrrbfacltb nuyh ush ic-ecfhs ic bihptbr.

    NBF[H

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    fbr icnasahlcs nhl rcsphlsbea`aibi cltcfb ic fbz trblsolanh iceh tclcr gcnghs cl drcltc, `h quc afp`anb ul iablstanh nhlflbe`c y `bs prhycnnahlcs lncsbrabs cl nublth b racsoh, phtclnab`, nublth b phsae`cs nhltrbalianbnahlcs.

    NBF[H

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    e`cs y phr supucsth c` altcrs

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    Lulnb gbe`bfhs csh cl `b Alanabtavb Bfhthnhicl tacfph cl quc yh cstuvc iic c` 5;;? b 5;;1. Csbs shl icsahlcs lucvbs y phr supucsth hroblazbnal cl p`clh ohnc sus icrcnghs y dbnu`tbics c`behcsh nhfh ulb phsae`c sb`aib pbicscstafu`br c` bvblnc tbl vcroalhsh ic `b icdhrcstbnal clNgbnh. Gby quc bnhribrsc q`b alanabtavb Bfhthnhiac trbe

    justbfcltc pbrb `horbr `b prht

    nal ic` tcrrathrah ic `hs orupic` puce`h Byhrch quc vavc c` bas`bfaclth vh`ultbrah ic ^a`vanh`bs. Clthlncs c` hejctacs sufbfcltc iadna` ic b`nblz@b nhfpctclnab quc taclc su orph ic byhrchs nhl `b ialfcnhlfanb cs trcfclib.

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    IC @B B[@ANBNAL H IC @B LHUFBYATBTAOCLYC CL C@ [B .

    F A O S C @ @ H T C U B U A T B ^

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    B N Y S B @ A I B I

    SO[ bivacrtc sherc cnhphrtulastbs

    @ b Slal ic Orcfahs ic `b [rhiunnalrcngbz c` bnnahlbr ic `b HLO Ala-nabtavb Bfhthnhiac, pucs btcltb nhltrbc` trbebjh ic fa`cs ic pbrboubyhs b` alstbrb curhpchs b lh nhfprbr nbrlc pbrboub-

    yb, rcflcrc pbrtc ic` nhfulanbih ibih bnhlhncr. ^al csnrpu`hs ic laloulb n`bsciclaorbl `b afbocl ic` pbs, eusnblih sh-`bfcltc sus hejctavhs pbrtanu`brcs, rcflcrccl htrb pbrtc.

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    razbr c` bnnahlbr ic nacrths cnhphrtulastbsquc fucvcl orblics sufbs ic ialcrh salnhltrh` b`oulh cl nbfpbbs altcrcsbibs clnhltrb ic b prhiunnal y ic` trbebjh.

    Ybfeal sc nratan `b alnhgcrclnab, pucscfp`cbl ul iasnursh ic icdclsb bfeacltb`pbrb nbptbr dhlihs c alvcrtar`hs cl `ujhshsvcgnu`hs thih tcrrclh, cl `hs nub`cs, ictrsic vairahs ph`brazbihs y barc bnhlianahlbih,

    phltaflnbl sherc `h quc gby quc gbncr cl c`nbfph h cl hs ehsqucs.

    BU[ ^SFB UCNGBZH B NBF[BB.@b

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    ic Alanabtavb Bfhthnhiac bpultbl b ufbsavb icdhrcstbnal y ul nbfeah eruscl `b nu`turb ic `hs puce`hs alioclbs cl

    rcoal Hnnaicltb`. @hs fclthrcs ic cstb fcltarb, fb` aldhrfbl b `b nhfulaibi tcrlbnahlb` aolhrblih cltrc htrbs nhsbs, qsh`h cl c` Ngbnh cxastcl b`rcicihr ic ul f``l ic gcntrcbs cl phicr ic nhfulaibialioclbs. [hr htrh `bih, lh gbncl fclnab `bs fs ic ihs fa``hlcs ic gcntrcbs rcbs sa`vcstrcs prhtcoaibs quc shl usudrutubibs `aercfcltc phr vbrabs nhfulaibilbtavbs. [hr sa ducrb phnh, sc aolhrb bircgbncr rcdcrclnab b `bs fs ic 25,4 fa``hlic gcntrcbs ic ehsqucs ngbquchs vroclbl cxastcltcs y quc ul pcrahih ic fs ic

    bhs, sh`bfcltc sc gbl afp`blih pbsturbsul phnh fs ic` 23% ic` tcrrathrah ngbquh, rcflcrc pbrtc ic` tcxth.

    Cl htrh fhfclth, c` orcfah oblbicalst b `b HLO b beblihlbr `b prnticorbibltc ic fcliaobr dhlihs curhpchs erc `b ebsc ic fcltarbs. B `b phsturb ic oblbicrhs, sc sufbrhl htrhs scnthrcs nhf`hs aliustrab`cs draohrflnhs y c` prcsaiclic` ^crvanah Lbnahlb` ic Nb`aibi y ^b`Blafb` (^clbnsb), Iblac` Uhjbs.

    ^cfblb AldhlbC@ AL^YAYSYH DHUC^YB@ LBNAHLB@ ALDHLB NHLFCFHU^S CFBLB BLATCU^BUAB IC@ > B@ 4 IC FBQH.Cl su scic ic^bl @hrclzh, sc cxpush ulb fucstrb tcftanb, bicfs ic icsbrrh-``br jhrlbibs ic nbpbnatbnal. @b fbtcrab pcliacltc duc c` trbspbshicfllatavh ic hs eaclcs c alfuce cs ic` cx crvanah Dhrcstb` Lbnah-lb`, icpcliclnab ic` Falastcrah ic Boranu`turb y Oblbicrb (FBO).

    C ltrc bs ngbr`bs sc behribrhl borhdhrcs-tcrb y prhiunnal ic fuibs, ehsqucsy nbfeahs n`aftanhs, prhiunnal ic vavc-rhs, cxtclsal dhrcstb` icltrh ic b UcdhrfbBorbrab, prhnciafaclths ic prcscltbnalic p`blcs ic fblcjh y prcscltbnal ic p`b-lcs ic rcdhrcstbnal. Bicfs gueh pbrtana-pbnal ic cstuiabltcs y jhrlbibs y vasatbs b`uobrcs cl ihlic sc icsbrrh``b b bntavaibi.

    C` prcsaicltc, @uas Yhrb`cs Mcllciy,prhlulna ul iasnursh ic hnbsal cl `bbpcrturb ic `hs bnths cl ihlic icstbn quc

    `b cxphsanal nhlstatuy cl ul c`cfclth n`b-vc pbrb `b bpcrturb alstatunahlb` gbnab c scn-

    thr prhiuntavh. Cltrc `hs `horhs b` scoulihblavcrsbrah ic vaib alstatunahlb` icstbn `bb`tb cjcnunal prcsupucstbrab, c` bufclth ic`bs cxphrtbnahlcs ic prhiunths dhrcstb`cs clnbsa 5;% y ul fcjhr nhltrh` afp`cfcltbihb trbvs ic `b Tcltbla``b lanb ic` Cxphrtb-ihr, pbrb nhltraeuar nhl `b trblspbrclnab yboa`azbnal cl `hs trfatcs ic clvhs ic fcr-nbicrbs. @b ihtbnal ic fbqualbrabs pbrbfhicrlazbr c` pbrquc buthfhthr y lucvbs

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    B N Y S B @ A I B I

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    I c` bnth bsbfe`cbrah pbrtanapbrhl bs >5nhhpcrbtavbs shnabs. Cs icnar, ul 2;;%ic bsastclnab, b h quc sc suf c` gcngh qucthibs cstbebl gbea`atbibs pbrb c` clnucltrhphr cstbr b` ib cl sus nuhtbs. Bnhfpbbb ^bwbtzmy cl cstc cjcrnanah Uanbrih _h``-fbastcr, ic b nhhpcrbtavb Nh`hlabs Slaibs.

    Cl bs nhln`usahlcs ic b fcfhrab sc icstb-n quc c` 5;;1 sc nbrbntcraz phr ul ialb-fasfh cl fbtcrab ph`tanb nhfh shnahcnh-lfanb. Ybfeal sc rcsb`tbrhl `b dhrtb`czby nb`aibi iaraoclnab cldrcltblih icsbdhsiavcrshs, nhfh `b nrasas fuliab`, `b scqub,`b alscouraibi y htrhs, `h quc ducrhl rcsb`-

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    Fhfclth ic`sudrboah cl bbsbfe`cb.

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    B N Y S B @ A I B I

    Sl fa `l ic thlc`bibs fs cxphrtbibs

    @B NFBUB [BUBOSBQB IC CW[HUYBIHUC^ IC NCUCB@C^Q H@CBOALH^B^ NB[CNH IAH ^S @YAFH ALDHUFC ICFHTAFACLYH NHFCUNAB@, NHUUC^[HLIACLYC B BEUA@.^col hs ibths, sc `cvbl cxphrtbibs fs ic 2 fa``l ic thlc`bibsic shjb bianahlb`cs ic `b nbfpbb 5;2; drcltc b `b bltcrahr zbdrb.

    C ` nrcnafaclth cs ic ?9%, pucsth quc b`nacrrc ic` prafcr nubtrafcstrc ic` bhsc rcoastrbrhl 5,9 fa``hlcs ic thlc`bibsic shjb vcliaibs b` cxtcrahr, drcltc b 2,>fa``hlcs ic thlc`bibs b ailtanh pcrhihic `b tcfphrbib 5;;1. C` bnhfpbbfacl-th b `b sueb aoub`fcltc sc iah, nhfh cs iccspcrbr, cl `hs icravbihs ic `b h`cboalhsb,bicfs ic fhvafaclths phsatavhs cl fbzy htrhs orblhs. @bs nbibs sc hescrvbrhlcl traoh y oarbsh`. Cl pc``cts ic shjb, ic `bzbdrb 5;2;, c` aldhrfc ic Nbpcnh rcvc`b

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    nhrphrbnal ic 21; fa` thlc`bibs bianahl`cs cl `b vbrabnal altcrzbdrb. C` shroh 5;``cvb cxphrtbih >,1 fa` thlc`bibs, drcltcfa` thlc`bibs ic `b nbfpbb prcvab.

    C` traoh sa fucstrb ulb nbib, pucs 94? fa` thlc`bibs, sc ``cvbl cxphrtbibs 5fa` thlc`bibs ic `b zbdrb 5;;1, ulb fcrfic >7%, phr ulbs 27; fa` thlc`bibs fcl@b nblh`b aoub`fcltc fhstr ulb tclicl

    b b ebjb cl c` rcphrtc b bera`. Bs ic 5;,1 fthlc`bibs ic b nbfpbb bltcrahr b` 5;;1,``cvbl nhfcrnab`azbibs 29,? fa` thlc`biic `b `tafb tcfphrbib.

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    Cl c` prhorbfb ic nhldcrclnabs fboas-trb`cs, cst prcvastb `b prcscltbnal ic trb-ebjhs ic alvcstaobnal y scsal ic pstcr.@hs tcfbs pralnapb`cs ic cstc bh oarbrlcl thrlh b `b eahtcnlh`hob y c` icsbdh ic

    `b boranu`turb ic` sao`h WWA, `b tcnlh`hobic `b prhiunnal ic scfa``bs, prhpacibialtc`cntub` y dbna`atbnal ic` nhfcrnah icscfa``bs.

    @bs nhldcrclnabs scrl icsbrrh``bibs phrrcnhlhnaihs cxpcrths ic` Fcrnhsur, CstbihsSlaihs y ic Curhpb. Bicfs, sc cspcrb `bprcsclnab ic lufcrhsbs ic`cobnahlcs ic `hspbscs facferhs ic `b DC@B^, bs nhfh icthih c` scnthr bornh`b ic lucstrh pbs.

    Cl c` fbrnh ic` scfalbrah tbfealsc rcb`azbr `b Cxphscfa``bs 5;2;, ihlic

    cfprcsbs nhfcrnab`azbihrbs ic borhqfanhs, sa`hs, fbqualbrabs c alstrufcltbornh`bs cl oclcrb`. Bicfs ic flrfbs gcrrbfacltbs pbrb `behrbthrahs ic scf``bs, p`bltbs scfa``crbs, scfa``crastbs, clhtrhs cxphlirl sus prhiunths.

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    p`abr su ebsc ic nhltbnths nhfcrnab`cscstbe`cncr b`ablzbs.C` cvclth nucltb nhl c` bphyh ic` ^

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    SLB H[HUYSLAIBI C^[[email protected]` psbih 2> ic bera` sc rcb`az c` `blzbfaclic b cianal lfcrh 55 ic` cfalbrah [lbfcranblh ic ^cfa``bs. Cl `b hnbsal

    ocrcltc ic Bprhscfp y [brphv, aloclacborlhfb Cstc`b Hjcib bflrf quc qurcl eralibr ulb hphrtulaibi icstbnbpbrb `b rcb`azbnal ic lcohnahs cl c` scthr. Icstbn quc [brbouby taclc nbib vfbyhr afphrtblnab cl c` scofclth ilcohnah bornh`b y quc gby cfprcsbs icxtcrahr altcrcsbibs cl alvcrtar cl c` pb

    Iurbltc c` bnth fbladcst quc cs ueuclb hphrtulaibi pbrb `hs quc quacrcxphlcr sus trbebjhs ic alvcstaobnaRucrcfhs eralibr ulb vasal oclcrb` thih `h quc afp`anb c` tcfb ic `bs scfa``

    nhl `hs icsbdhs y prhe`cfbs ic` scnthr b lvc` lbnahlb` c altcrlbnahlb`, iajh.

    @b prhdcsahlb` cxprcs quc hs hroblazihrcs aldhrfbrl b `hs altcrcsbihs b trbvic su poalb wce y borbicna `b nh`behnal ic cltaibics y cfprcsbs. Yclcfhs

    orbl bphyh icsic c` Aleah y icsic cfprcsnhfh Borhtcn, lucstrh buspanabltc hrh, n`bs fbrnbs quc rcprcscltb, Ebsd, [ahlccLutrboal, borco.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py54

    E H W C F [ U C ^ B U A B @

    @hnb azb nhl lucvb boclnabC@ [B^BIH 55 IC BEUA@ ^C UCB@AZ @B GBEA@AYBNAL HDANAB@ IC @B LSCTB BOCLNAB IC @HNB@AZB, UCLY B NBU, CL@B NASIBI IC CLNBULBNAL, IC[BUYBFCLYH IC AYB[B.@b cfprcsb hdrcnc nhlianahlcs cspcnab`cs b fciaib pbrb nbib taphic n`acltcs, cl b`qua`crcs iabrahs y fclsub`cs ic buths. Nhl `b lucvbsunursb`, `b flrfb sufb nalnh boclnabs cl iadcrcltcs pulths ic pbs.

    I

    urbltc c` bnth ic albuourbnal, c`prcsaicltc ic Ic @b ^hecrb, Bta-`ah Obo`abrihlc, fbladcst quc

    sc prcscltbl nhl ul prhiunth ia-dcrcltc y lucvh pbrb cstc fcrnbih, nhfh csc` b`qua`cr ic buths. Nhfclt quc nhfclzb-rhl b hdrcncr cstc scrvanah gbnc ulhs > bhsy duc ulb cxpcraclnab lucvb. Cstbfhs nhl-tclths ic vclar b phlcr ul phnh ic nh`hr b `bnauibi, cl ul fhfclth cl quc cst sudraclihulb trblsdhrfbnal dbltstanb. @hnb`azb sc vbb alstb`br fuy prhlth cl `b fcltc ic thihsustcics, nhfh ulb b`tcrlbtavb iadcrcltc, cx-

    prcs. C` iarcntavh ic `b cfprcsb, Erulh Bl-irbic bflrf quc @hnb`azb cs `b rci ic b`qua-`cr ic buths fs orblic ic @btalhbfranb y

    cst prcscltc cl 1 pbscs. Ucnhri quc @hnb-`azb [brbouby rcnaea cl dcercrh ic cstc bhc` prcfah b b cxnc`clnab, cl ul cvclth quc scrcb`az cl h [bu`h, Erbsa`, y quc nhlorcob b`hs rcprcscltbltcs ic `b rci ic vbrahs pbscs.

    Ucsb`t quc flrfb ``cob b Clnbrlbnalpbrb hdrcncr `b sh`unal aicb`, scrvanahs ybtclnal ic prafcrb nb`aibi b hs n`acltcs clb`qua`cr ic buths. B pbrtar ic ghy `b ocltcic cstb zhlb ic` pbs nucltb nhl b hpnal ic

    phicr b`qua`br vcgnu`hs y ic iasdrutbr ic ibs bs vcltbjbs y dbna`aibics quc prhvcc cscfprcsb, quc cs lfcrh ulh cl b`qua`crcsbuths cl @btalhbfranb, bflrf.

    BYA@AH OBO@ABUIHLCprcsaicltc ic Ic @b ^hecrb

    Fhfclth ic` bnth ic albuourbnal cl Clnbrlbnal.

    BYA@AH OBO@ABUIHLCprcsaicltc ic Ic @b ^hecrb

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    F C U N B I H

    Ducltc: NEHY. Ducltc: NEHY. Ducltc: NE

    Fcs Fcs FcsS^$/t S^$/t S^$

    Fbyh-2; >3;

    Ju`ah-2; >3>

    Bohsth-2; >35

    Fbyh-2; 2??

    Ju`ah-2; 272

    ^ctacferc-2; 27?

    Fbyh-2; 2

    Ju`ah-2; 2

    ^ctacferc-2; 2

    NHYAZBNAHLC CL NGANBOH.

    ^HJB YUAOH FBZ

    C ` Icpbrtbfclth ic Boranu`turb ic Cs-tbihs Slaihs (S^IB, phr sus sao`bs clalo`s) cl su aldhrfc fclsub` ic fbyh cstb-e`cnc ul alnrcfclth ic 3;;.;;; thlc`bibs cl`b prhiunnal ic shjb pbrb Erbsa` cl `h quc vbic `b nbfpbb 5;;1-5;2;. [brb [brbouby suscstafbnahlcs shl ic ?,5 fa``hlcs ic thlc`b-ibs, safa`br b `bs prcvasahlcs ic` fcs bltcrahry tbfeal fbltuvh sal nbfeahs `b nhscngbic Brocltalb cl 39 fa``hlcs ic thlc`bibs.

    [brb Cstbihs Slaihs fbltuvh cl 12,95fa``hlcs ic thlc`bibs `b nhscngb= c`cv ic9?,;7 b 9?,55 fa``hlcs `b fh`aclib y rciujh ic

    32,2; b 3;,7> fa``hlcs c` ush thtb`. @b lanb vb-rabnal saolaflnbtavb prcscltbib phr c` S^IBcl c` rcphrtc ic fbyh cs c` alnrcfclth ic `bsafphrtbnahlcs ic Ngalb quc pbsbl ic 9>,3; b94 fa``hlcs ic thlc`bibs. Ic cstb fblcrb susrcscrvbs bufcltbl ic 2;,5? b 22,91 fa``hlcs.

    C` hroblasfh hflnab` ic Cstbihs ulaihscstc fcs prcsclt `bs prhycnnahlcs pbrb `b

    @ bs prhycnnahlcs ic` S^IB pbrb b nbpbb 5;2;-5;22 ic traoh cs ulb nhscnfuliab` ic 5?5,27 fa``hlcs ic thlc`bib`hs sthnms cl 217,;1 fa``hlcs ic thlc`bidrcltc b 4?7,;2 fa``hlcs ic thlc`bibs prhiunnal y 214,?? fa``hlcs ic thlc`biic `b nbfpbb bltcrahr.

    [brb Cstbihs Slaihs `b lucvb nhscnduc cstafbib cl 33,42 fa``hlcs ic thlc`bi@bs cxastclnabs fllb`cs pbsbl ic 2?,7? b 53fa``hlcs ic thlc`bibs. C` ush nhfh dhrrbjc` nhlsufh thtb` ducrhl nb`nu`bihs phr c` oblasfh cl 3,2? y cl >5,75 fa` `hlcs ic thl

    `bibs, facltrbs quc bs cxphrtbnahlcs ducrprcvastbs cl 59,91 fa``hlcs. Bs, `bs cxastcnabs fllb`cs qucibrhl cl 5?,2> fa``hlcs thlc`bibs, phr clnafb ic `hs 54,23 fa``hlprcvasths phr c` fcrnbih cl `b prcvab.

    [brb `hs htrhs pbscs ic` fulih alstycltcs cl `b prhiunnal ic traoh, c` S^Icstafb: ulb nhscngb brocltalb ic 25 fa`

    ^HJB.Fclhs prhiunnal cl lucvb nbfpbb YUAOH.@cvc fcrfb i

    nbfpbb 5;2;-5;22 y prhycnt ulb supcrflnacscferbib pbrb Cstbihs Slaihs ic >2,4 fa` `h-lcs ic gcntrcbs (59; fa` gcntrcbs phr clna-fb ic `b nbfbpbb prcvab), ul rcb b nhsc-ngbrsc ic >2,5 fa``hlcs ic gcntrcbs (57; fa`gcntrcbs fs quc cl c` nan`h prcvah) `coblihb ulb nhscngb ic shjb cl 1;,;7 fa``hlcs ic th-lc`bibs, phr `h quc rcsu`tbrb aldcrahr b` vh`u-fcl ic` nan`h prcncicltc quc quci cl 12,95fa``hlcs. [brb Erbsa`, Brocltalb y [brboubyprhycntb vh`fclcs ic 43, 3; y 4,3 fa``hlcsic thlc`bibs, rcspcntavbfcltc.

    Cl c` lavc` fuliab`, `b hdcrtb ic shjb duc

    prhycntbib cl 53;,2> fa``hlcs ic thlc`bibs,fclhr b `b ic `b nbfpbb bltcrahr, ic 537fa``hlcs ic thlc`bibs, facltrbs quc `bs rc-scrvbs fllb`cs sc prhycntbrhl cl 44,;1 fa-``hlcs, supcrahrcs b hs 4>,?4 ic` bh nhfcr-nab` 5;;1-5;2;, csth sc icec b quc sa eacl `bprhiunnal fucstrb ulb nbib ncrnblb b `hs7 fa``hlcs ic thlc`bibs supcrb `b icfblib.

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    FRSALB^:

    Ducltc: NBIBF.

    Ducltc: NBIBF.

    TCLYB IC NH^CNGBIHUB^ GB^YB BEUA@5;2;

    TCLYB IC YUBNYHUC^ GB^YB BEUA@5;2;FBUNB^ YHYB@

    Jhgl Iccrc 75

    Fbsscy Dcroushl ??Lcw Gh` bli 39

    Tb trb 55Nbsc >5YHYB@ 54?

    FBUNB^ YHYB@

    Jhgl Iccrc 4>Lcw Gh` bli >>Nbsc 21Fbsscy Dcroushl 9YHYB@ 221

    @bs cstbistanbs ic `b Nfbrb [brboubyb ic Buth-fhthrcs y Fbqualbrabs (NBIBF) alianbl quc c`

    nbfph pbrboubyh vuc`vc b rclhvbrsc, yb quc `b vcltbic `bs fqualbs saouc c` ialbfasfh cspcrbih. Cl c`scofclth ic trbnthrcs sc nhfcrnab`azbrhl fs ic 2;;trbnthrcs ic `bs iadcrcltcs fbrnbs iurbltc c` fcs icbera`. B` nacrrc ic` prafcr nubtrafcstrc ic` bh 5;2;sc nhfcrnab`azbrhl cl thtb` 54? ulaibics, drcltc b 243trbnthrcs vcliaihs ic clcrh b fbrzh cl c` pbs. C` ialb-fasfh cltrc `bs fbrnbs nbfea ul phnh ic lhrtc, ybquc cl trbnthrcs b` nacrrc ic bera` Jhgl Iccrc thf c``aicrbzoh cl prcdcrclnabs nhl c` >;% ic` fcrnbih, nhlul flafh fbrocl dbvhrbe`c ic` scoulih Fbsscy Dcr-oushl nhl c` 51%. Cl tcrncr uobr cst Lcw Gh``bli nhl

    c` 52%. @b fbrnb Nbsc duc `b quc thf funghc` `tafh fcs y ghy hnupb c` 25% ic` fcrnbithrcs, ueanlihsc bs cl c` nubrth `uobr cl prc

    @b vcltb ic nhscngbihrbs tbfeal cs Gbstb fllcs ic bera` ducrhl vcliaibs 221 nhscdrcltc b 1? quc sc ``co b nhfcrnab`azbr gbstfbrzh. ^c fbltaclc `b tcliclnab cl prcdcrcJhgl Iccrc (3>%), scouaih ic Lcw Gh``bliphstcrahrfcltc Nbsc (24%). Ybfeal cl cstc sc lhtb quc Nbsc cst oblblih bicpths.

    @hs iastraeuaihrcs ic fbqualbrabs cspcrialbfasfh nhltalc, `b euclb nhscngb oclctbtavb phsatavb cl `hs fasfhs quc cspcrbl i`bs nadrbs lcobtavbs ic` bh pbsbih.

    lcs ic thlc`bibs, nhltrb `hs 1,4; fa``hlcsic` nan`h 5;;1-5;2;, nhl ul sb`ih cxphrtb-e`c ic ? fa``hlcs.

    Nblbi hetclirb ulb nhscngb ic 59,3;fa``hlcs ic thlc`bibs, phr icebjh ic hs 54,3;fa``hlcs ic `b nbfpbb bltcrahr y Bustrb`abtclirb ulb prhiunnal ic 55 fa``hlcs ic th-lc`bibs, vh`ufcl `cvcfcltc aldcrahr b` ic `bnbfpbb pbsbib, ic 55,3; fa``hlcs.

    Bsafasfh, prcv ul ducrtc nrcnafaclthic prhiunnal pbrb `b Slal Curhpcb, ibihquc pbsb ic `hs 2>7,29 fa``hlcs ic thlc`b-ibs ic` nan`h 5;;1/5;2; b hs 293,;? fa``hlcs

    prcvasths pbrb `b lucvb tcfphrbib. ^al cf-ebroh, Uusab tclirb ulb fclhr nhscngb cl`b lucvb nbfpbb, ibih quc duc cstafbibphr c` S^IB cl 37 fa``hlcs ic thlc`bibs,nhltrb hs 42,?; fa``hlcs ic` nan`h prcncicl-tc. [hr su pbrtc Snrblab tclirb ulb nhscngb21,3; fa``hlcs ic thlc`bibs, fclhs quc `hs5;,1; fa``hlcs ic `b tcfphrbib bltcrahr.

    C ` S^IB prhycnt ulb fbyhr nhscngbfuliab` ic fbz cl `b nbfpbb 5;;1-5;2;, yb quc prcv ulb nhscngb ic 7;7,3?fa``hlcs ic thlc`bibs, phr clnafb ic `hs7;3,47 fa``hlcs ic bera`. @bs cxastclnabs fl-lb`cs nrcnacrhl ic 299,5; b 29?,;9 fa``hlcs.

    [brb Cstbihs Slaihs rcnhrt c` vh`ufclic prhiunnal, quc pbs ic >>>,3> b >>>,;2fa``hlcs ic thlc`bibs. Ybfeal ebj c` ushnhfh dhrrbjc, quc vbra ic 2>7,99 b 2>4,3>fa``hlcs. ^al cfebroh, nrcnacrhl c` ush th-tb`, quc pbs ic 5?1,?1 b 575,;7 fa``hlcs, y`bs cxphrtbnahlcs, quc pbsbrhl ic 97,54 b

    91,3> fa``hlcs ic thlc`bibs. @bs cxastclnabsfllb`cs cstbihulaiclscs nbycrhl b 99,24 fa-``hlcs ic thlc`bibs icsic `hs 97,59 fa` `hlcsic bera`. [brb Erbsa` y Brocltalb c` S^IBfbltuvh sal vbrabltcs sus cstafbihs ic nh-scngbs, cl 3>,3 y cl 52 fa``hlcs ic thlc`b-ibs, rcspcntavbfcltc.

    [brb `b nbfpbb 5;2;-5;22 cstc hroblas-

    fh prhycntb ulb nhscngb cstbihulai>>1,42 fa``hlcs ic thlc`bibs, 5% su`hs >>>,;2 fa``hlcs ic thlc`bibs 5;;Cstb nadrb cs c` rcsu`tbih ic ul bufsupcrflnac pcrh ic ulb rciunnal ic@b supcrflnac quc prhycntbl scferbtbihulaiclscs cs ic >3,19 fa``hlcstrcbs y b supcrflnc b nhscngbr cs ic ``hlcs, cl bfehs nbshs ul 5,?% phric` nan`h prcvah.

    [brb Erbsa` y `b Brocltalb c` S^Iycntb vh`fclcs ic 32 y ic 52 fa``thlc`bibs. B lavc` o`heb` cstafb quc

    iunnal ic fbz cl c` 5;2;-5;22 7>3,;> fa``hlcs ic thlc`bibs, facl`bs cxastclnabs ducrhl prhycntbibs clfa``hlcs. Csths vh`fclcs qucibl nafb ic `hs vaocltcs pbrb c` nan`h bic 7;7,3? y ic 29?,;9 fa``hlcs, rcsfcltc y nhlstatuycl `hs dbnthrcs ebjprcscltc rcphrtc.

    FBZ.[rcvasahlcs ic fbyhr nhscngbprhiunnal y sthnm

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py>;

    Eblnh Dbfa abr bphyb

    b bs [yfcs oblbicrbsC

    ` Eblnh Dbfa`abr, icltrh ic sucstrbtcoab ic pclctrbnal ic`fcrnbih cl iadcrcltcs scnthrcscnhlfanhs, bghrb cst bpultbl-

    ih b` scnthr oblbicrh y cl pbrtanu`br b `bs[yfcs ic cstb bntavaibi, c` nub` pbrb EblnhDbfa`abr shl bquc``hs prhpactbrahs ic fsic >; nbeczbs ic oblbih gbstb 2.;;;, bquc-``hs quc supcrbl csths pbrfctrhs shl btcl-iaihs phr b ulaibi ic Eblnb Nhrphrbtavb.

    @b cltaibi fllblnacrb taclc c` nhlhna-faclth quc c` pbs nucltb nhl ncrnb ic 22? fa`oblbicrhs ic `hs nub`cs c` >;% phsccl cltrc

    >; b 2.;;; nbeczbs ic oblbih. Icltrh ic cs-ths n`acltcs `b fbyhr prhphrnal sc clnucl-trbl cl `hs prhpactbrahs ic >; y 5;; nbeczbs,ncrnb ic` 72%, phr c``h nrccfhs quc lucstrhcsducrzh scourh vb b cstbr nhlncltrbih clbphybr pralnapb`fcltc b` pcquch oblbic-rh iajh _a`shl Nbstrh, ocrcltc ic [yfcs icEblnh Dbfa`abr. Fbladcst bicfs quc gbncul tacfph `b alstatunal fllblnacrb vaclc nh-`behrblih nhl cstc scnthr. Lh cs lucvh pbrb

    lhshtrhs b btclnal y bsastclnab fllblnacrb clcstc ruerh, pcrh h quc qucrcfhs bghrb cs ibr-`c fbyhr ducrzb b trbvs ic lucstrb scofcltb-nal ic n`acltcs ic tb` fblcrb quc tclobfhs

    prhiunths fllblnacrhs bicnubihs b` tbfbhic lucstrhs n`acltcs y bs phibfhs bphrtbr clc` nrcnafaclth ic c``hs y ic `b cnhlhfb pbrb-

    oubyb, cldbtaz.[brb `horbr csth `b cltaibi fllblnacrb

    nbpbnat b su ocltc cl thibs `bs sunursb`csic` pbs ic tb` dhrfb b quc `hs n`acltcs puc-ibl tclcr `b fasfb btclnal pcrshlb`azb-ib cl nbib sunursb` b `b quc sc bncrqucl h

    nublih scbl vasatbihs phr ul dulnahlbrahic lucstrh eblnh. @hs prhiunths quc tclc-fhs pbrb lucstrhs n`acltcs cstl hracltbihs

    pralnapb`fcltc b` ush ic` rcnursh fllblnac-rh, pbrb c``h eralibfhs hpnahlcs ic prs-tbfhs pbrb nbpatb` hpcrbtavh, quc `cs sarvb

    pbrb nuerar lcncsaibics ic stujh ic nbjb icnhrth p`bzh, tb`cs nhfh prhorbfbs ic su-

    p`cfcltbnal alvcrlb`, icstctc prcnhz, al-scfalbnal brtaflnab`, ctn. Ybfeal hdrcnc-

    E H W C F [ U C ^ B U A B @

    fhs c` prstbfh pbrb alvcrlbib h clohrprstbfhs pbrb nrb y rcnrb, bs nhfh pbaldrbcstrunturb h nhfprb ic rcprhiunthrciajh c` cjcnutavh. @hs fhlths b fllblnabr ipclicl ic `b cvb`ubnal quc sc rcb`azb serc hs n`acltcs y hs p`blcs ic pboh cstldulnal b` icstalh h ush ic` prstbfh. @n`acltcs phirl gbncr pbohs fclsub`trafcstrb`cs, scfcstrb`cs, blub`cs, bfhtazbnahlcs cspcnab`cs ic bnucrih b` stujh nbjb ic nbib ulh.

    Ic aoub` dhrfb `hs p`bzhs tbfeal cstcl dulnal b` icstalh ic` prstbfh yb spbrb nbpatb` hpcrbtavh, alvcrlbib, nrb, nrb h alvcrsahlcs cl bntavhs fljhs, csths pzhs vbrbl cltrc 25, 59, >4 y gbstb 4; fcs

    C` cjcnutavh ic `b cfprcsb bflrf qnrccl quc csths prhiunths cstl sbtasnaclih `bs lcncsaibics fllblnacrbs ic faic pcquchs oblbicrhs pbrb c` nrcnafaclic su cnhlhfb.

    _A@^HLNB^YUH,ocrcltcic [yfcsic EblnhDbfa`abr.

    _A@^HLNB^YUH,ocrcltcic [yfcsic EblnhDbfa`abr.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py>9

    [brb `horbr ulb rcdhrcstbnal nhlCunb`yptus spp. cxastcl bspcnthstnlanhs quc lh phicfhs icjbr ichescrvbr, iceaih b quc hs fasfhs

    obrbltazbl ul rcthrlh ic `b alvcrsal rcb`a-zbib. @bs bntavaibics rcb`azbibs iurbltc hsihnc prafcrhs fcscs ic cstbe`cnaib `b p`bl-tbnal cs `b ebsc pbrb hetclcr `hs vh`fclcsic fbicrb y `b rcltbea`aibi cspcrbib.

    [hr Alo. Bor. Clraquc Zanglcr[`bltcn ^.U.@.

    L H Y B Y N L A N B

    Ucdhrcstbnal`horbib

    [UC[BUBNAL IC ^SC@H.^c rcb`azb `bprcpbrbnal cl drbljbs nhl rbstrb ic ias-nhs sh`h cl `bs `lcbs ic p`bltbnal, nhlblnghs ic 5 fctrhs y iastblnabfaclths ic9 f, ic cstb fblcrb sc rciuncl `hs nhs-ths ic `b bntavaibi. Ucb`azbr 5 b > pbsb-ibs gbstb hetclcr ul suc`h eacl fu``aih.Htrb hpnal cs c` cfp`ch ic suesh`bihrcs,saclih lcncsbrah phr `h fclhs > pbs,

    Bspcnths tnlanhsb tclcr cl nucltb

    ulb bic`bltc y ihs btrs, `b prafcrb beul surnh y `bs ihs phstcrahrcs `b nacrrbbicfs icec nhltbr nhl ul pbr ic iasnias`hnbihs nhl cjcs sthtbltcs pbrb rhturic tcrrhlcs.

    NHLYUH@ IC GHUFAOB . C` nhltic ghrfaobs icec alanabrsc phr `h fclul fcs bltcs ic` alanah ic `b p`bll. C

    Ucdhrcstbnal`horbib

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    `b prafcrb pbsbib sc icecrl aicltaflnbr`hs ghrfaoucrhs y iadcrclnabr sa cs phsae`cc` olcrh b` quc pcrtclcncl, Bttb (Qsbu) h

    Bnrhfyrfcx(Bmcmc).[brb c` nhltrh` ic` Bmcmc, b` clnhltrbr

    c` ghrfaoucrh sc icecr rcb`azbr ulb pcr-

    dhrbnal cl c` ncltrh ic` fasfh ic fblcrbquc sc pucib phlcr 3 orbfhs ic ghrfaoua-naib (Nceh orblu`bih ebsc Daprhla`), phstc-rahrfcltc sc icecr tbpbr c` gucnh.

    [brb c` nhltrh` ic` Qsbu, b` clnhltrbr c`ghrfaoucrh sc icecr fciar su supcrflnac

    y phlcr 2; orbfhs ic ghrfaouanaiorblu`bih ebsc Daprhla`) phr fctirbih ic ghrfaoucrh iastraeuyclincltfctrhs ic `bs cltrbibs pralnaphestruar `hs nbrra`cs. ^c icecrl rcbbp`anbnahlcs sherc suc`h scnh.

    [rcpbrbnal ic suc`h. Bp`anbnal ic gcreanaib prc-p`blt

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py>4

    I c nufp`ar nhl thihs `hs bspcnthstnlanhs natbihs bltcrahrfcltc, b`hs 25 fcscs hetclir ulb rcdhrcstbnalnhl `hs saouacltcs rcsu`tbihs:

    B`turb ic 3 b ? fctrhs. Iafctrh ic b`turb ic pcngh (IB[) 3 b? nf.

    ^hercvavclnab ic p`bltbs, flafh73%.

    [`bltbnal ghfhoclcb. @aerc ic fb`czbs cl b fl`b.

    C^YBIH IC @B UCDHUC^YBNAL CL 25 FC^C^

    L H Y B Y N L A N B

    B[@ANBNAL IC GCUEANAIB [UC-[@BLYBNAL. ^c rcb`azbr ulb bp`anb-nal ic gcreanaibs cl `b fl`b alfciabtb-fcltc bltcs, cfp`cblih ul gcreanaibthtb` (O`adhsbth 9-3 `/gb) pbrb c` nhltrh`ic fb`czb cxastcltcs y ul prc-cfcrocltc,pbrb nhltrh`br b ocrfalbnal ic bs scfa-

    ``bs prcscltcs cl c` suc`h (Ashxbstuth`c 2>;o/gb= Hxystuhrdcl 9-3 `/gb).

    [@BLYL.C` p`bltl aicb` b scr uta`azbihcl ulb p`bltbnal cs bquc` quc taclc uliafctrh ic tb``h cltrc 5-> ff, ulb b`tu-rb cltrc 53->3 nf y rbncs bntavbs, nhl euclicsbrrh``h. C` eucl cstbih ic `bs rbncs scnhfpruceb b` rctarbr c` p`bltl ic` nhltc-lcihr (tuectc h eblicjb), cstc icecr prc-scltbr rbncs ic nh`hr e`blnh, csth saolaflnbquc `b p`bltb cst bntavb y obrbltazb ul b`thphrncltbjc ic prcliafaclth, `b prcsclnab

    ic rbncs ic nh`hr fbrrl h lcorh alianbul sastcfb rbianu`br ictcrahrbih nhl ebjbsngblncs ic prcliafaclth.

    [@BLYBNAL.^c rcb`azb cl c` ncltrh ic `bfl`b prcpbrbib, nhl iastblnabs vbrabe`cs, ic-pcliaclih ic` hejctavh icscbih. Cl nbsh icfbicrb s`aib sal luihs y b`th vb`hr borcob-ih, > fctrhs cltrc p`bltbs, iblih ulb icl-saibi ic 7>> p`bltbs/gb, cl nbsh ic fbicrbnhl fllcs ic clcrob (Eahfbsb) 2,1 fctrhscltrc p`bltbs, iclsaibi ic 2>23 p`bltbs/gb.[brb `b p`bltbnal prhpabfcltc iangb, sc

    prhncic b rcb`azbr ul phzh cl c` ncltrh ic`b drbljb prcpbrbib, sc icphsatb c` p`bltl,sc nuerc nhl suc`h y sc nhfprafc `cvcfcl-tc nhl `hs pacs b`rcicihr ic `b p`bltb, nbibhpcrbrah icecr tclcr ulb pb`atb nhrtb y ulb

    vbrb pbrb fciar `b iastblnab. Cl `hs ibs nhlphnb gufcibi cl c` suc`h sc icecr rctarbr`b tacrrb scnb ic `b pbrtc supcrahr y p`bltbrcl `b zhlb nhl gufcibi. Cltr c` qualth iby c` inafh ib ic `b p`bltbnal sc rcb`azbrul rcpbsh pbrb rcphlcr bs db``bs quc puiac-rbl gbecr cl c` nubirh phr fb`b p`bltbnal.

    Cs rcnhfclibe`c sufcroar c` pbl icsustrbth ic` p`bltl alfciabtbfcltc bltcsic `b p`bltbnal cl ulb sh`unal ic afaib-n`hprai, b rbzl ic 2 o/` pbrb c` nhltrh` ic

    alscnths suetcrrlchs nhfh c` nupaa.

    UC[@BLYC IC DB@@B .Cl nbsh ic prc-scltbrsc lucvbs priaibs ic p`bltalcs csrcnhfclibe`c lh cxncicr ic 93 ibs nhltb-

    ihs b pbrtar ic `b p`bltbnal pbrb cdcntu`b hpcrbnal, ic `h nhltrbrah `bs p`blrcp`bltbibs lh `horbrl b`nblzbr `b b`tuy iafctrh ic `bs prafcrbs, iblih `uobulb p`bltbnal gctcrholcb.

    DCUYA@AZBNAL. ^c icecrl nh`hnbr 2orbfhs ic dcrta`azbltc phr p`bltb (;9->2;), iastraeuylihsc cl nrnu`hs, b ulb itblnab ic 53 nf ic `b p`bltb. Lh cxastc l

    ncsaibi ic alnhrphrbr h tbpbr c` dcrta`azblnhl suc`h. @b dcrta`azbnal sc rcb`azbr fs ic 23 ibs icspus ic b p`bltbnal.

    NHLYUH@ IC FB@CZB [H^-[@BLYNAL.Iurbltc hs prafcrhs ihnc fcscscstbe`cnaib `b p`bltbnal, `b fl`b icec pcfblcncr `aerc ic fb`czbs, phr `h fclhs fctrh b nbib bih ic b fl`b, csth obrbltazbeucl icsbrrh``h ic `b p`bltb. @hs Cunb`ytusspp. y sus geraihs shl sufbfcltc scsae`cs b b nhfpctclnab nhl fb`czbs y ic scr nhltrh`bibs oclcrbl ulb p`bltbnal g

    tcrholcb y rctrbshs cl c` nrcnafaclth qlh sc pucicl rcnupcrbr. c uta`azb O`adhsb(3-4 `/gb) cl bp`anbnahlcs iaraoaibs cvatbih bp`anbr sherc c` p`bltl, uta`azblih panbltaicravb. Cl nbsh ic cxastclnab ic orbflcbs rcsastcltcs b` O`adhsbth sc cfp`cb Nthiyl (2.9 `/gb) + O`adhsbth.

    [hr `h oclcrb` shl lcncsbrahs cltrc 59 nhltrh`cs ic fb`czbs phs-p`bltbnal clfl`b iurbltc c` prafcr bh.

    [`bltl. [`bltbnal

    [@BLYBNAL @HOUBIB:Cibi 25 fcscs.

    Nhltrh` ic fb`czbs phs-p`bltbnal

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py>7

    BOUHDUYA@

    CL @B NASIBI IC J. CS@HOAH C^YAOBUUAEAB NBF[H 1, IC[BUYBFCLYH ICNBBOSBZ, BOUHDUYA@ GBEA@AY SLB LSCTB ^SNSU^B@, NHL C@ HEJCYATH IC@HOUBU FBQHU BOA@AIBI CL @B BYCLNAL B ^S^ N@ACLYC^. Cl c` bnth ic albuourbnaliarcntavhs y dulnahlbrahs ic `b cfprcsb eralibrhl nhl `hs prhvccihrcs, rcprcscltbltcs ic eblnhy lufcrhshs n`acltcs ic b zhlb. C` cvclth sc icsbrrh`` c` pbsbih 5> ic bera`.

    Iurbltc su iasnursh, c` ocrcltcnhfcrnab` ic `b cfprcsb, JbnarEhbrctth, fbladcst quc gbncfs ic 24 bhs quc Borhdrta`

    scfer ulb scfa``b cl c` scnthr bornh`bic` pbs, quc ocrfal cl ulb orbl bfas-tbi cltrc `hs boranu`thrcs y dulnahlbrahs ic`b flrfb. Csth pcrfatc quc ghy c` druth iclucstrb sacferb sc nhlvacrtb cl ulb sunur-sb` cl cstb nauibi, iajh.

    Bflrf quc cl b sunursb` hs prhiunth-rcs phirl clnhltrbr bsastclnab tnlanb ic

    vclicihrcs quc nucltbl nhl funghs bhsic cxpcraclnab cl c` bnhfpbbfaclth b`boranu`thr. Ybfeal ulb vbracibi ic prh-iunths, quc byuicl b nrcbr ulb boranu`turbsustcltbe`c y cl brfhlb nhl c` fciah bf-eacltc y `b shnacibi.

    Cl htrh fhfclth, icstbn quc c` lucvh`hnb` cs `b sptafb sunursb` quc gbea`atbl yquc sc sufb b hs 25 pulths ic bnhpah alstb-`bihs cl `hs `uobrcs ic prhiunnal ic` pbs.

    Cxp`an quc `b aldrbcstrunturb sc clfbrnbicltrh ic` prhycnth ic cxpblsal cl `bsrcbs ic bntubnal ic `b flrfb, pbrb cstbrnbib vcz fs ncrnb ic` boranu`thr y eralibrfcjhrcs scrvanahs. Cl cstb sunursb` Borh-drta` nhltbr nhl b`oulhs prhiunths pbrb`hs rcqucrafaclths ic `hs n`acltcs. Cstc lhscr ul pulth ic bnhpah, bn`br.

    Ehbrctth cxprcs quc cl c` uobr trbebjb-rl ulbs 4 pcrshlbs cl `bs iadcrcltcs rcbs,nhfh ul rcsphlsbe`c ic nriaths, vclicihraltcrlh, pbrb iastraeunal, icpsath y bsas-

    tclnab tnlanb. Ucsb`t quc pbrb hs trbebjhsic nbfph ducrhl bsaolbihs trcs pcrshlb`csnbpbnatbihs. ^hstuvh quc c` hejctavh ic `bflrfb duc nhlstruar ulb sunursb` pcqucb,fhicrlb y prntanb, quc lh scb fuy orbl-ic. Icstbn quc nhl `b fasfb eusnbl boa-`aibi cl `b btclnal b `hs n`acltcs. Bflrfquc Nbfph 1 cs ulb zhlb fuy afphrtbltcpbrb Borhdrta`, yb quc icsic `hs alanahspbrtanap cl `hs lcohnahs ic` nbfph. Nhl

    c` nrcnafaclth ic `bs rcbs ic sacferb clzhlb puiafhs nrcncr julths. Cs ul `uobr nboranu`thrcs s`aihs, sh`vcltcs y scrahs.

    C T C L Y H ^

    Albuourb sunursb` cl Nbfph 1

    [brtanapbltcs ic` bnth ic albuourbnal. Dbngbib ic` lucvh hnb`.

    JBNAUEHBUCYYH,ocrcltcnhfcrnab` ic`b cfprcsb.

    JBNAUEHBUCYYH,ocrcltcnhfcrnab` ic`b cfprcsb.

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    9; BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH

    C T C L Y H ^

    Q nublih cxastc cstc lavc` ic fcrnbih lhshtrhs quc-rcfhs pbrtanapbr, vb`hr.

    Cstb cfprcsb nucltb cl cstc pulth ic` pbs nhln`acltcs iarcnths c aliarcnths, phrquc nhfcrnab`a-zbl `hs prhiunths b `bs nhhpcrbtavbs y tbfeal b`hs boranu`thrcs ic fblcrb aliavaiub`. Cstb luc-vb sunursb` cs ulb scb` ic quc Borhdrta` nrcc cl[brbouby, quc cs ul pbs quc cst cl nrcnafaclthnhltaluh. B pcsbr ic thibs `bs alncrtaiufercs qucgby, nrccfhs, bphstbfhs, alvcrtafhs y shfhs pbrtc

    ic ulb cfprcsb pbrboubyb, borco.Iurbltc c` bnth ic gbea`atbnal ^a`vah Bfbra-``b, ocrcltc ic `b cfprcsb, bflrf quc nhl `b lucvbsunursb` sc alanab ulb lucvb ctbpb ic Borhdrta` cl`b zhlb. Borbicna `b prcsclnab ic `hs rcprcscltbl-tcs ic `bs cltaibics nhfcrnab`cs, fllblnacrbs, prh-

    vccihrcs y ic thihs `hs n` acltcs. Ybfeal b thihs`hs quc ganacrhl phsae`c `b nhlstrunnal ic `b herb,cltrc c``hs icstbn b` iarcnthr fllblnacrh ic Borh-drta`, Blthlah ^brbeab.

    LSCTH [UHISNYH . C` ocrcltc nhfcrnab`ic Borhdrta` blulna c` `blzbfaclth ic ulhs

    nubtrh lucvhs prhiunths. Cltrc `hs prhiunths scclnucltrbl alscntanaibs nhl dhrfu`bnahlcs iadc-rcltcs pbrb c` fcjhr dulnahlbfaclth b lavc` icnbfph. Ybfeal duloanaibs quc trbcl ul lucvhiasch, pbrb btclicr `bs lcncsaibics y cdcnths icdbnthrcs n`aftanhs cl nu`tavhs ic shjb cl [brb-ouby, vbracibics susncptae`cs y borcsavaibi iccldcrfcibics.

    Bntub`fcltc yb cstl cl p`clb nbfpbb ic ia-dusal ic hs prhiunths pbrb hs boranu`thrcs. Cltrc

    c``hs fclnahl c` duloanaib Hlax [`us, ulb fczic ihs pralnapahs bntavhs y nhl b`tb nhlncltrbnaic trabzh` pbrb bufcltbr `b rcsaiub`aibi y hdrcnfs scouraibi b` boranu`thr.

    C` alscntanaib Afaibn`hprai, nhl ulb dhrfunal iadcrcltc, cs sh`ue`c cl boub, pbrb c` nhltic p`bobs y borcic fclhs `b p`bltb. Htrh prhiuncs c` Bncdbth, quc vaclc cl dhrfb ic _O, pcrfb` prhiunthr usbr ulb fclhr nbltaibi, rciunarnhltbnth y hetclcr fbyhr cdcntavaibi. Tbfhs

    gbncr c` `blzbfaclth cl thibs `bs zhlbs shjcrbs ipbs,iajh.

    Iarcntavhs ic b darfbiurbltc b albuourbnalhdanab` ic b lucvb scic.

    Iarcntavhs ic b darfbiurbltc b albuourbnalhdanab` ic b lucvb scic.

    ^A@TAHBFBUA@@B,ocrcltc ic`b cfprcsb.

    ^A@TAHBFBUA@@B,ocrcltc ic`b cfprcsb.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py95

    Nfh icec scr `b prhiunnal:

    [hr Uhlb`ih C.Iactzc JulogbllUcnthr ic `b Slavcrsaibi ic ^bl Nbr`hs

    @hs dbnthrcs ic prhiunnal n`sanhsic ul prhncsh prhiuntavh borhpc-nubrah dhrcstb` shl trcs: `b tacrrb,c` trbebjh y c` nbpatb`. Alanab`fcl-

    tc `b bntavaibi borhpcnubrabdhrcstb` sc eb-

    sbeb cl prafcrb alstblnab cl `b uta`azbnaliarcntb ic prhiunths nhscngbibs ic `b lb-turb`czb (tacrrb), cs icnar, `bs bntavaibicsic` scr gufblh sc `afatbebl esanbfcltccl nhscngbr `hs druths quc `b lbturb`czb crbnbpbz ic eralibr (drutbs lbturb`cs, ycrebfbtc ic `hs ehsqucs, blafb`cs y fac` sa`-vcstrc, ctn.) B fciaib cl quc bvblzb ulbcnhlhfb yb lh rcsu`tb suflnacltc nhscngbr`h quc `b lbturb`czb phr s fasfh eralib, `h

    quc he`ao b altrhiunar nbib vcz fs c` trb-ebjh, cltcliaih cstc, nhfh csducrzh dsanh yfcltb`. Qb lh cs phsae`c, ghy, nhscngbr ic`b lbturb`czb sal scferbr.

    Orbnabs b `b tacrrb y c` trbebjh sc `hor

    bnufu`br `b prhiunnal `h quc afp`anbebc` bghrrh. C` bghrrh nhfh tb` cs `b nbpbna-ibi gufblb ic sbnraflnbr nhlsufh ic ghypbrb `horbr ul fbyhr eaclcstbr duturh. Cstceaclcstbr duturh icpclic ic `b nbpbnaibiy phsaea`aibi (hphrtulaibi) ic alvcrtar yrcalvcrtar `hs bghrrhs bnufu`bihs. Nhl `btacrrb y c` trbebjh sc nhlstatuyc c` tcrncr dbn-thr prhiuntavh n`sanh, iclhfalbih nbpatb`,cstc sc hraoalb b trbvs ic` bghrrh.

    L H Y B Y N L A N B

    Cxtclsavb h altclsavb8

    UC^SFCL IC @B DB^C N@^ANB. @nhlncpths prhiuntavhs cl cstb dbsc sc puicl iaborbfbr cl `bs saouacltcs dbscs:[rafcrb dbsc. Ebsbib cl `b nhscngb qeralib lbturb`fcltc `b tacrrb.

    YACUUB

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    DBNYHUC COL SLB NHLNC[YSB-@AZBNAL FHICULB.Ghy cl ib yb lhpucic gbecr iuibs pbrb lbiac, quc pbrbprhiunar sc rcquacrcl ic `hs trcs dbnthrcsic prhiunnal: `b tacrrb= c` trbebjh, dsanh yfcltb` y c` nbpatb`, bicfs ic `b tcnlh`hobh nhlhnafaclths. ^c bfp`bl `hs nhlncp-ths, fs quc ic `b tacrrb, sc gbe`b ghy ic `hsrcnurshs lbturb`cs prhiuntavhs (UULL),ibih quc bicfs ic `b tacrrb sc sufb c` n`a-fb y `bs altcrrc`bnahlcs ic c`cfclths lbtu-rb`cs quc cl su bnnal prhvhnbl alstuclnabs

    rcnaprhnbs trbyclih nhfh rcsu`tbih ducrzbssalroanbs afphrtbltcs. C` csqucfb ic `hsdbnthrcs ic prhiunnal cl trfalhs fhicr-lhs sc phir prcscltbr nhfh saouc:

    @hs rcnurshs lbturb`cs (UULL), c` trb-ebjh y c` nbpatb` saoucl saclih hs dbnthrcs icprhiunnal, sal hs nub`cs h b db`tb ic ulh ic`hs fasfhs lh gber phsaea`aibi ic prhiun-nal. @hs rcnurshs lbturb`cs (tacrrb, n`afb ythihs `hs c`cfclths lbturb`cs), c` trbebjh(dsanh c altc`cntub` prhiuntavh) y c` nbpatb`(scfa``b y htrhs alsufhs, fbqualbrabs gc-rrbfacltbs, nriaths, ctn.) saoucl saclih c`c-fclths esanhs pbrb `b prhiunnal, `h qucnbfeab cl rcb`aibi shl bs prhphrnahlcs y baltclsaibi ic `b alnhrphrbnal ic nbib ulh

    cl c` prhncsh prhiuntavh.B csths dbnthrcs ic prhiunnal gby qucborcobr ul c`cfclth ic sufb afphrtblnabbntub` quc cs `b tcnlh`hob h `hs nhlhna-faclths quc shl lcncsbrahs bp`anbr pbrb ulrcsu`tbih prhiuntavh cxathsh y nhfpctatavh.@b tcnlh`hob y `hs nhlhnafaclths shl clrcb`aibi trblsvcrsb`cs b `b prhiunnal, icb`` `b afphrtblnab ic su bp`anbnal. Nubl-ih sc gbe`b ic tcnlh`hob sc aln`uycl:

    Ycrncrb dbsc.^c oclcrb c altrhiunc c` nb-patb` b trbvs ic `b prhiunnal ic `b tacrrb yc` trbebjh.

    ^coulib dbsc. ^c alnhrphrb `b lcncsaibiic` trbebjh b `b tacrrb.

    YACUUB

    YACUUB

    YUBEBJH

    YUBEBJH

    YUBEBJH

    NB[AYB@

    NB[AYB@

    Bfciaib quc `b cnhlhfb ic ul pbscvh`unahlb, fclhs cs phsae`c vavarnhl `b fhib`aibi cxtrbntavb, cs icnar ic`hs druths quc lhs eralib `b lbturb`czb,sal scferbr, sal nuaibr y sal nhscngbr.[brbouby rcnal cst sb`aclih ic` fhic`h

    cxtrbntavh, gbnc fuy phnh tacfph qucicjbfhs (cl b`oulhs nbshs cstbfhsicjblih) ic cxtrbcr rh``hs ic `hs ehsqucs,sal dhrcstbr y rcdhrcstbr, nhscngbr ycrebfbtc ic `hs ehsqucs sal scferbr, nbzbrblafb`cs sa`vcstrcs, nhscngbr fac` sa`vcstrcsal nrabr b` aoub` quc `hs pcncs, ctn.[brbouby pbu`btalbfcltc sb`c ic ulbcnhlhfb cxtrbntavb pbrb cltrbr cl ulbcnhlhfb prhiuntavb-nhfcrnab`, bulquccstb cl orbl fciaib cs bl cxtclsavb.

    UULL

    YCNLH- @HOB

    2) @b fcnblazbnal.5) @b eahtcnlh`hob trbianahlb` y f

    (aloclacrb ocltanb, trblsolanb>) @b tcnlh`hob y `hs nhlhnafacl

    falastrbtavhs y ic ocstal.^a gbe`bfhs ic ulb prhiunnal

    savb lhs rcdcrafhs b ulb prhiunnal`hs rcnurshs lbturb`cs shl prhphrfcltc bp`anbihs nhl fbyhr prahrac` prhncsh ic prhiunnal, cspcnab`fnbpatb`, `b tcnlh`hob y `hs nhlhnafjucobl cl cstc nbsh sh`h ul csnbsh

    icnar lh sc `c ib `b rc`cvblnab lcncsbNublih gbe`bfhs ic prhiunntclsavb lhs rcdcrafhs b quc `hs dbntnbpatb`, tcnlh`hob y nhlhnafaclths,ulb fbyhr prahraibi cl c` prhncsh ptavh nhfpbrbih nhl `hs rcnurshs ly c` trbebjh.

    B fciaib quc ulb cnhlhfb cvlb nherb fs afphrtblnab `b prhialtclsavb quc `b cxtclsavb, cs icnar

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py99

    C` saouacltc csqucfb cs alianbtavh ic ulfhic`h altclsavh ic prhiunnal nhl b`tbphlicrbnal ic` nbpatb` y `b tcnlh`hob-nh-lhnafaclths, cl icsfcirh ic` fhic`h qucprava`coab `b tacrrb y c` trbebjh dsanh ic `bspcrshlbs. C` duturh ic` icsbrrh``h ic [brb-

    L H Y B Y N L A N B

    nbpatb`, `b tcnlh`hob y `hs nhlhnafaclthssupcrbl cl afphrtblnab b `b tacrrb, b `b qucnbib vcz fs cl lcncsbrah altrhiunar nbpa-tb` y tcnlh`hob, sa sc prctclic fbltclcr ulnacrth lavc` ic nhfpctatavaibi.

    Cl c` csqucfb ic bebjh bpbrcnc ul fh-ic`h cxtclsavh ic` prhncsh prhiuntavh pb-

    rboubyh, cl orbl fciaib bul vaocltc, clc` nub` sc prava`coab `b tacrrb trbebjh y lhc` nbpatb` y `hs nhlhnafaclths. Cstc fhic`hlh sh`h vaocltc cl trfalhs rcb`cs salh cl`b fasfb fcltc ic funghs thfbihrcs icicnasal, `h quc sc hescrvb nublih sc prava-`coab `b tacrrb y lh c` nbpatb` y `b tcnlh`hob-nhlhnafaclths. Cstc fhic`h cst supcrbihy lh taclc shstclaea`aibi phr `h quc `bs ph-`tanbs pe`anbs icecl nhlsaicrbr fhic`hsnbib vcz fbs altclsavhs cl nbpatb` y tcnlh-`hob nhlhnafaclth, sustatuyclih pbu`bta-lbfcltc c` fhic`h cxtclsavh ebsbih cl c`

    ush prava`coabih ic `b tacrrb y c` trbebjh.NB[AYB@

    NB[AYB@

    YUBEBJH

    YUBEBJH

    YACUUB

    YACUUB

    YCNLH@HOB QNHLHNAFACLYH^

    YCNLH@HOB QNHLHNAFACLYH^

    ouby icec ebsbrsc cl ul fhic`h prhiuntavhtcnlh`oanbfcltc dbvhrbe`c y `bs cfprcsbs,alicpcliacltcfcltc ic su tbfbh rcquac-rcl ulb nbpatb`azbnal sal icsnblsh bs

    nhfh `b bp`anbnal tcnlh`hob y bifalas-trbtavb quc pcrfatbl c` alnrcfclth pcrfb-lcltc ic `b prhiuntavaibi.

    [hr htrh `bih `b nbpatb`azbnal nhlstbl-tc, sa lh cs phsae`c pbrb `hs pcquchs prh-iunthrcs, cs rcsphlsbea`aibi aln`uar`hs cl`bs ph`tanbs pe`anbs b trbvs ic nriaths sh-`aibrahs, alncltavhs b` bghrrh, bphyh tnla-nh, hroblazbnal prhiuntavb nhfh b nhhpc-rbtavazbnahl, cltrc htrbs fciaibs pe`anbs.

    B fciaib quc `hs dbnthrcs ic prhiun-nal suecl ic prcnah (vb`hr ic `b tacrrb, tbsbic altcrs, sb`brahs, ctn.) fbs altclsavh icec

    scr c` fhic`h b bp`anbrsc.[brb `hs prhiunthrcs ic csnbzb supcrflnacic tacrrb iasphlae`c icecl ic gcngh hptbrphr ulb prhiunnal y ruerhs altclsavhs, tb`csnhfh, cltrc htrhs: `bs ghrtb`azbs, `bs drutbs,`b prhiunnal ic bvcs y ncrihs nhfcrnab`csnhl `b fhib`aibi ic boranu`turb phr nhltrb-th, sthrcs, `cngc, vavcrhs ic p`bltbs dhrcstb`csy hrlbfcltb`cs, ctn. Ibih quc `b prhiunnalaltclsavb, nub`quacrb quc scb, cs fs cxaocl-

    tc cl nhlhnafaclths y rcquacrc nhlncptn`brhs y tnlanbs ic n`nu`hs ic nhsths y bfalastrbtavbs cl oclcrb` gc `blzbih ul `aesherc cnhlhfb bornh`b nhfh ebsc pbrbbifalastrbnal borbrab quc prctclic ulb oub ta` pbrb cltrbr cl c` prhncsh ulb prhiunnal fs altclsavb, nhl fby

    prhiuntavaibi y fs phsaea`aibics ic fbtcbrlhs icltrh ic ul fulih nhfcrnab` oeb`azbih ic fblcrb nhfpctatavb.

    Dalb`fcltc nbec fclnahlbr nublgbe`h ic prava`coabr c` prhncsh prhiunvh altclsavh y lh c` cxtclsavh, lh saolaflictcrahrh ic `hs rcnurshs lbturb`cs, pucs`h quc sc p`bltcb sacfprc icec clfbrnbricltrh ic `h quc sc iclhfalb c` icsbrrhshstclae`c h sustcltbe`c.

    Fhic`hs ic prhiunnal altclsavhs

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    ^col Fhgbl Mhg`a cl `bs nbf-pbbs 5;;7-5;;1 y c` 5;;1-5;2;gueh fuy euclbs nhscngbs ictraoh, icspus ic` icsbstrc ic 5

    bhs bltcrahrcs, ihlic `b prhiunnal gbebebjbih b fclhs ic 4;; fa``hlcs ic thlc`b-

    ibs b lavc` fuliab`. Cl ul bh nrcna b nbsa7; fa``hlcs ic thlc`bibs, `ucoh cl c` 5;;1lucvbfcltc ebjbrhl `bs nadrbs. [brb `b prc-scltc nbfpbb sc cspcrb ulb prhiunnalfuliab` ic 437 fa``hlcs ic thlc`bibs.

    C` cxpcrth shstuvh quc cl c` fulih ghyc` sthnm ic traoh vuc`vc b` 54% y gbeb ``cob-ih b fclhs ic` 5;%. @b rcnupcrbnal ic `hssthnms gazh quc `hs prcnahs fuliab`cs gb-ybl nbih, `h quc cl c` 5;;7 nhstbeb ic 9;;

    b 3;; i`brcs `b thlc`bib, ghy nucstb cltrc27; b 55; i`brcs `b thlc`bib.

    Bghrb b lavc` fuliab` `hs sthnms vbl bibr ul rcsparh phr ulhs bhs, `h nub` alianbquc lh sc cspcrb quc `hs prcnahs sc c`cvclirstanbfcltc gbnab brraeb, bulquc cl b`-

    oulhs pbscs nhfh `b Aliab `b gbralb cl `hs`tafhs 5 bhs bufclt c` 53%, phrquc lhgueh ``uvabs, `h nub` rciujh `b prhiunnal.

    B nratcrah ic` cxpcrth `hs prcnahs gast-ranhs quc gueh bltcs ic` icsbstrc ic 5;;4 y5;;?, tblth ic `hs orblhs y `hs alsufhs yblh vbl b ``cobr b `hs gastranhs. ^acfprc vblb scr fs ic 2;%, 23% y 5;% icpcliaclihic` bh. C` nhlsufh fuliab` tbfeal nrc-nc bh trbs bhs. Bntub`fcltc cst b`rcic-

    ihr ic 43; b 44; fa``hlcs ic thlc`bibs. traoh saouc saclih c` prafcr ncrcb` nhlsfaih phr c` gufblh y phr fungh bhs b scouar saclih.

    FCUNBIH IC @BYALHBFUANB.C` f

    nbih ic Bfranb @btalb pbrb `hs prxaf2; bhs scr nrcnacltc. Ghy ib cstl nhsufaclih b`rcicihr ic 27 b 21 fa``hlcs thlc`bibs, icltrh ic 2; bhs sc vb b csnhlsufaclih 53 fa``hlcs ic thlc`bibs`hs pbscs quc cstl prhiunaclih, nhfh Bocltalb, ul pbs ic orbl prhiunnal lh csaclih fuy dbvhrcnaih phr `bs ph`tanbs Oheacrlh, phr h quc lh sc cspcrb quc alnfcltc orblic su prhiunnal.

    B O U H L C O H N A H ^

    C@ [BLHUBFB FSLIAB@ IC@ YUAOH C^ C^YBE@C. @H^ YHNM C GBLUCNS[CUBIH CL @B^ @YAFB^ NH^CNGB^ Q LH GBQ [CU^[CNYATB^

    IC [UCNAH^ FSQ C@CTBIH^, COL C@ BL@A^A^ IC@ IHNYHU FHGBLMHG@A, B^C^HU IC @B NFBUB [BUBOSBQB IC CW[HUYBIHUC^ IC

    NCUCB@C^ Q H@CBOALH^B^ NB[CNH. CL NSBLYH B LSC^YUH [B^, @BCW[CNYBYATB C IC SL @CTC ALNUCFCLYH IC ^S[CUDANAC.

    [blhrbfbIC@ YUAOH

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    45%

    OUDANH 2.CW[HUYBNAHLC^ IC YUAOH. BH 5;;1.

    [bscs

    Erbsa` [bscs Bdranblhs NBL Nga c Fciah Hracltc Sruouby SC

    25%

    22%

    1%

    5%

    ;%9

    %

    Erbsa` quacrc scr buthsuflnacltlh taclc c` n`afb la c` suc`h quc `c

    prhiunar cflnacltcfcltc cstc ncrcb`. Cdbvhrcnaclih trcfclibfcltc b [brb Sruouby. Ic gcngh Sruouby yb iucst b pulth ic trap`anbr su prhiunnaoh pbrb cxphrtbnal. [brbouby tbfep`an su prhiunnal, pcrh bl saouc vbnh, yb quc taclc 5,4 fa``hlcs ic gic shjb y su rcb ic sacferb hra``b `bs gcntrcbs. Cstc pbs taclc ul orbl phr nrcncr y taclc tcnlh`hob pbrb gbn

    B nratcrah ic Fhgbl Mhg`a, `b pnbfpbb [brbouby nrcncr cstc b2;% b 23% cl supcrflnac scferbib. C

    trh pbs c` alnrcfclth ic` rcb ic sic` traoh icpclic ic sa c` boranu`thrcltbea`aibi nhl `b shjb h taclc nrivb b gbncr traoh. Lhshtrhs tclcfhs `hob pbrb gbncr 5 fa``hlcs ic thlc`traoh, iajh.

    [brbouby taclc fcrnbih cl trpralnapb` nhfprbihr saouc saclihCstc vcnalh pbs lcncsatb traoh y vb blcncsatblih y [brbouby icecrb bpr`hs bhs cl quc Brocltalb lh cst f[brbouby icec trbtbr ic prhiunar tnb`aibi, taclc quc bufcltbr su prhi

    pcrh yb nhl fcrnbih fljh cl fcltouby icec gbncr lcohnah ic `broh p`

    LSC^YUH FCUNBIH . Erbssaclih lucstrh pralnapb` fcrnbih. Clc` 45% ic `bs cxphrtbnahlcs ducrhl bc` 25% b `hs pbscs bdranblhs, c` 22% bscs ic `b Nhfulaibi Blialb ic L(NBL), `ucoh cst Nga`c, Fciah HSruouby, scol ibths ic b Nbpcnh.

    FHGBL MHG@A, bscshr ic Nb

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py97

    C T C L Y H ^

    Buthfbq sc cxpblic y

    gbea atb lucvb sunursb`B

    uthfbq ^.B.C.N.B. bera suspucrtbs cl J. Cu`hoah Cstaobrra-eab, Nbboubz. @b lucvb sunursb`nhltbr nhl thihs `hs prhiunths y

    scrvanahs quc `b cfprcsb eralib b sus n`acl-tcs. @b flrfb cst cfebrnbib cl ul prhycnthic cxpblsal nhl c` hejctavh ic btclicr nbibvcz fcjhr y fs rpaih b sus n`acltcs.

    Dcicranh Nb``azh, iarcnthr ic `b iavasalfbqualbrabs ic Buthfbq, fbladcst quc c`

    prhpsath `b cfprcsb nhl `b bpcrturb ic cstblucvb nbsb cs bncrnbrsc b `hs n`acltcs pbrbibr`cs ic csb fblcrb ulb btclnal prcdcrcl-nab`, yb quc ghy ib hs lcohnahs bfcratbl quc`hs rcprcscltbltcs ic `bs fbrnbs, y phr shercthih ulb fbrnb nhfh Jhgl Iccrc, rcquacrcquc c` icb`cr sc bncrquc b `hs n`acltcs, pbrbgbncr phsae`c bs `b btclnal prcdcrclnab`.

    Htrb ic `bs rbzhlcs phr `b quc Buthfbqsc alstb` cl cstb `hnb`aibi, cs quc `b n`acl-tc`b ic Nbfph 1 cst fuy aicltaflnbib nhlButhfbq icsic gbnc funghs bhs y csth csfhtavh suflnacltc pbrb quc `b flrfb berb sus

    pucrtbs b`` ic tb ` fblcrb b quc pucibl tclcrulb rcspucstb fs rpaib. @b icnasal ic `bcfprcsb duc alstb`brsc cl cstb `hnb`aibi nhl`bs trcs pbtbs ic` lcohnah, nhfh shl `b vcl-tb ic fbqualbrabs, rcpucsths y scrvanahs. C`p`bl ic Buthfbq cs quc nhl c` trblsnurraric` tacfph ar bufcltblih `b iasphlaea`aibiic fcnlanhs, `b dhrfbnal ic c``hs cl `bzhlb, pbrb quc gbyb fcnlanhs ic prafcrb

    btcliaclih b `hs n`acltcs y nhl gcrrbfacltbslcncsbrabs, nhfh Jhgl Iccrc h cxaoc.

    Fclnahl quc c` iarcnthrah ic Buth-fbq icnaia phsanahlbrsc fcjhr cl c` altc-rahr ic` pbs y `b cfprcsb cst nufp`aclihc` bh quc vaclc 3; bhs cl c` fcrnbih ytaclc prcvasth nc`cerbr`h nhl nrcnafacl-th y fcjhr phsanahlbfaclth cl c` altcrahric` pbs, pbrb cstbr nbib vcz fs ncrnb ic`n`acltc Jhgll Iccrc.

    @b flrfb taclc prcvasth gbea`atbr htrbssunursb`cs cl c` altcrahric` pbs. [hr c` fhfclthtaclc nalnh bicfs ic `bnbsb ncltrb` alstb`bib cl

    Bsulnal. Cst prcscltc cl^bltb Uatb, ^bltb Uhsb ic`Boubrby, Mbtuct, Dcrlbl-ih ic `b Fhrb y bghrb clNbfph 1.

    C` cjcnutavh ic Buthfbqb`be `b boranu`turb lbnah-lb`, yb quc sc nhlvarta clulb bntavaibi b`tbfcltc cfl-nacltc quc h phsanahlb nhfh

    c` nubrth cxphrtbihr ic shjb y nhl fs i1;% ic su nu`tavh fcnblazbih ebjh c` sastcf

    ic sacferb iarcntb. Cstbs rcb`aibics alianquc `b boranu`turb pbrboubyb paic nhlstbtcfcltc tcnlh`hob y `b fbrnb quc Buthfrcprcscltb, Jhgl Iccrc hdrcnc sbtasdbnnaln`acltc, phrquc eralib tcnlh`hob obrbltazib y bphrtb nhlstbltcs allhvbnahlcs.

    Nb``azh sc fhstr hptafastb nhl b eulb nhscngb `horbib cl `b prcscltb nbfpbic shjb y bflrf quc csths bhs nrcbl c` nfb b `bs cfprcsbs pbrb dhrtb`cncrsc y fcjrbr sus aldrbcstrunturbs, pbrb bs c`cvbrnb`aibi ic `b rcspucstb b `hs prhiunthrcs

    C` cfprcsbrah icstbn bicfs hs fllb

    nabfaclths ic pbrtc ic hs eblnhs ic p`bztbsbs y p`bzhs btrbntavhs, lulnb vasth blt`h nub` cs dbvhrbe`c pbrb c` prhiunthr y pb`bs iastraeuaihrbs, quc phr fungh tacfducrhl afphrtbihrcs y fllblnastbs.

    Buthfbq trbebjb nhl thihs `hs eblnpcrh Jhgl Iccrc b lavc` altcrlbnahlb` gaul bnucrih nhl EETB y ghy phlcl b iaspsanal ic `hs n`acltcs c` Jhgl Iccrc Nrcnhl p`blcs fuy vcltbjhshs.

    Iarcntavh y dulnahlbrahs ic Buthfbq.

    N`acltcs ic Buthfbq iurbltc b gbea`atbnal ic `b lucvb sunursb`.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH3;

    CW[H ^BLYB UAYB

    C` xath ic`borhlcohnah

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    C` xathic`borhlcohnah

    CW[H ^BLYB UAYB

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    @

    b euclb nhscngb sc gbnc cnh cl `binafh hntbvb cianal ic `b Cxph

    ^bltb Uatb. @b fucstrb rcstcjb hp-tafasfh y oblbs ic scouar nrc-naclih nhl c` borhlcohnah, yb quc phlc clvairacrb tcnlh`hob iavcrsaflnbib y nhl orblldbsas b `b prcnasal.

    @b fucstrb brrbln c` ? ic fbyh y sc cx-taclic gbstb c` 24 ic fbyh. C` cvclth rclc bulhs 95; cxphsathrcs y sc icsbrrh``b cl c` `h-nb` ic` Ncltrh ic Yrbianahlcs Obngbs AliahJhs, cl ^bltb Uatb, B`th [brbl. @hs hrobla-

    @B CW[H BLYB UAYB 5;2; C^Y CL FBUNGB Q @B [UC^CLYC CIANAL C^ C@ UCD@CIC @B ESCLB NH^CNGB.@b fucstrb phlc cl vairacrb tcnlh`hob ic pultb pbrb bvblzbr nhbntavaibi ic nbfph nhl fs iavcrsaflnbnal y prcnasal. @b dcrab nhlvhnb b 95; cfprcsbs cxpthrbs y cspcrb ulbs 23;.;;; vasatbltcs. Ic cstb fblcrb sc nhlvacrtc cl `b fbyhr ic su gasthr

    zbihrcs cstafbl quc cstb scr `b fbyhr nhlfs lfcrh ic cxphsathrcs y vasatbltcs, yb

    quc cspcrbl `b nhlnurrclnab ic ulbs 23;.;;;pcrshlbs. @b cxphsanal prcscltb tcnlh`hob`hnb` c afphrtbib pbrb ulb bpucstb scourb b`borhlcohnah cl buoc cl `b rcoal.

    @b fucstrb cs hroblazbib phr c` Ncltrhic Yrbianahlcs Obngbs y bh trbs bh `bcxphsanal icfucstrb fcjhrb. Cstc bh `hshroblazbihrcs alnhrphrbrhl fcjhrbs cl `bCxph fhicrlazblih sus bnncshs pbrb fb-yhr nhldhrt ic `hs vasatbltcs.

    @b Cxph ^bltb Uatb ulb vcz fstbnb phr su iavcrsaibi, yb quc prcsc

    fatbibs tcnlh`hobs pbrb `b boranu`b oblbicrb. @b pcnubrab sc prcsclvcz fs s`aib prcstb b nrcncr ic `nhl `b boranu`turb. Cstb bntavaibi flnbib cst thfblih ducrzb nhl obfclhr, nhlfllbfaclths ic ehvalhsiunnal ic `cngc.

    LCOHNAH CL B@ZB. @b cxpcntbeuclhs lcohnahs sc c`cvb cltrc `hs

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py35

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    dcrcltcs scnthrcs scbl prhiunths y scrvanahs.[brb `bs fqualbs rcthrl `b ehlblzb y scprcscltb nhl lucvbs prhpucstbs y btrbnta-vhs p`blcs ic fllblnabfaclth ic `b fblh iccltaibics fllblnacrbs quc hpcrbl cl c` pbs,

    nhl btrbntavbs tbzbs y `brohs p`bzhs, nhfhlulnb vasths cl c` pbs.Cl oblbicrb sc boubrib `h fasfh, yb

    quc phr prafcrb vcz sc cst hroblazblih ihsafphrtbltcs suebstbs, phr ul `bih oblbih`cngcrh afphrtbih ic Brocltalb y phr htrh`bih `b suebstb ic ulhs 2.;;; cjcfp`brcs phrpbltb``b y cl iarcnth icsic b cxphsanal.

    ^bltb Uatb fs quc lulnb sc nhlvacrtccl c` ulavcrsh ic` borhlcohnah iurbltc cstbcxphsanal quc cvh`unahlb nhlstbltcfcltc,

    yb quc iurbltc `b fucstrb b`ecrob b vasatbl-tcs lbnahlb`cs c altcrlbnahlb`cs `aobihs b `b

    bntavaibi borhpcnubrab quc pcrfatc ul orfhvafaclth ic iavasbs b thib `b nhfulaib

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    @ b Cxph ^bltb Uatb cst cl nhlstbltc nrcnafaclth. @b fucstrbbvblzb bh trbs bh, pcsc b `hs fb`hs bhs quc `c thn vavar.@b prcscltc cianal cst ``clb ic hptafasfh. Cstafbfhs scr `bic fbyhr nhlvhnbthrab, `b ocltc quacrc vclar y `b ``uvab y c` drh yb

    dhrfbl pbrtc ic` bfeacltc ic lucstrb Cxph, bflrf @uas UhqucGcnm`cr, prcsaicltc ic` Ncltrh ic Yrbianahlcs Obngbs (NYO).

    @h quc ghy sc vavc quc cs c` rcstcjh ic b euclb nhscngb. C` lfcrhic cxphsathrcs bufclt 5;, pcrh lh gueh fs sh`h phrquc yb lh gbeb

    cspbnah, yb quc b icfblib duc fbsavb, icstbn.Iajh bicfs quc pbrb `b prcscltc cianal altrhiujh lucvbs al-vcrsahlcs. Cstb vcz `c thn b` fcjhrbfaclth ic `hs bnncshs. C` hejc-tavh cs fcjhrbr nbib bh scb cl aldrbcstrunturbs ic` `hnb` ic cxph-sanahlcs nhfh cl nb`aibi y nbltaibi ic cxphsathrcs.

    Fclnahl quc pbrb `b prcscltc cianal cspcrbl quc ulbs23;.;;; pcrshlbs pbscl phr `b fucstrb, bulquc lh thihs scbl

    pbobltcs, yb quc hdrcnclvbrahs ibs ic bnncsh orb-tuath. C` `ulcs 2; c` nhsthic `b cltrbib duc ul ma`h-orbfh ic b`afclth lh pc-rcncicrh pbrb byuibr b `bs

    pcrshlbs fs lcncsatbibs.Bsafasfh, c` bnncsh b cs-tuiabltcs iurbltc `hs ibsgea`cs cl `hs nh`coahs ducorbtuath.

    Gcnm`cr icstbn tbf-eal nhfh orbl btrbntavhic `b fucstrb c` ealoh, qucshrtcb nubtrh buthfva`cs; ma`fctrh.

    CL NHL^YBLYCNUCNAFACLYH

    @SA^ UHRSCGCNM@CU,prcsaicltcic` NYO.

    @SA^ UHRSCGCNM@CU,prcsaicltcic` NYO.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py39

    C l `b prcscltc cianal ic `b Cxph ^bltbUatb `b allhvbnal pcnubrab pbsb phr`hs lcohnahs oblbicrhs, yb quc cstl prc-vasths ihs rcfbtcs afphrtbltcs, ulh cstpbrb c` 23 ic fbyh icsic `bs 29:;; ihlic scsuebstbrl cjcfp`brcs `cngcrhs afphrtbihsic Brocltalb y c` `tafh ib ic `b fucstrb,icsic `bs 29:>; sc rcfbtbrl ulhs 1;; bla-fb`cs phr pbltb``b y bprhxafbibfcltc 5;;

    ic alvcrlbib icsic c` rcnalth dcrab`. Ngbr`cs@uicmc, nhhrialbihr ic` scnthr oblbicrhic `b fucstrb, cxp`an quc `b oblbicrb al-tclsavb pbrb `b prhiunnal ic nbrlc, `cngc ypcquchs blafb`cs cstl thfblih ducrzb ysc rcb`azbl alvcrsahlcs cl su clthrlh.

    Cl nublth b `hs cjcfp`brcs ic nhfpc-tclnab cstl cl `b Cxph ulhs ?; ehvalhs icehzb` ic `bs rbzbs Erblous, Erbdhri, Erbg-

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    OBLBICUBB[SC^YB[HU ESCL LCOHNAH

    fbl, Lc`hrc, Lc`hrc fhngh y D`cnmvac[brb cxphsanal `b rbzb E`hlic I' Bquatlc. Ybfeal cstl prcscltcs nbeb``hs nr

    ``hs, hvalhs, phrnalhs y bvcs.

    BTANS@YSUB [UC^CLYC. C` scnthr bvcs yb dhrfb pbrtc ic `b Cxph ^bltb UaCstb vcz ducrhl pucsths cl cxphsanal

    NGBU@C^@SICMC,nhhrialbihr ic`scnthr oblbicrh.

    NGBU@C^@SICMC,nhhrialbihr ic`scnthr oblbicrh.

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    C W [ H ^ B L Y B U A Y B 5 ; 2;

    9>; cjcfp`brcs. @b hdcrtb duc vbrabib, guehbvcs hrlbfcltb`cs y pbrb prhiunnal.

    Faouc` [cttcr, nhhrialbihr ic` scn-thr bvnh`b, cxp`an quc sc prcscltbrhlbvcs ic iavcrshs prcnahs, `b nhtazbnal ic`hs fasfhs aeb ic 9;.;;; oubrblcs gbstb

    3.;;;.;;; ic oubrblcs. C` bvc fs nbrh csc` pbvh rcb` vcric ic Jbvb.@b prcdcrclnab ic` pe`anb cl `hs prafc-

    rhs ibs ic `b fucstrb duc gbnab `bs ob``albsic ihe`c prhpsath, cflnacltcs cl prhiunnalic gucvh y nbrlc. C` nhsth prhfciah ic cs-tbs cstbeb cl 2;;.;;; oubrblcs.

    [HUNALH IC B@YB OCLYANB. Slbvcz fs ^bltb Uatb fucstrb su phrnalhnu`-turb nhl ocltanb ic b`tb nb`aibi quc cl-trbl cl nhfpctclnab phr `b csnbrbpc`b ic`fcjhr cjcfp`br. Cstb cs `b lanb fucstrb

    ic` pbs quc prcscltb sualhs cl cxphsanaly `b rcoal sc icstbnb phr su cxnc`cltc prh-iunnal.

    Guoh ^ngbrbt, nhhrialbihr ic` scnthrphrnalh, aldhrf quc sc prcscltbl ulhs 4;cjcfp`brcs cl cxphsanal ic `bs rbzbs @bl-irbnc, @broc _gatc, Iurhn, [actrbal c gera-

    ihs. @hs cjcfp`brcs ducrhl nb`aflnbihs phrihnthr Jbvacr Mblbzbwb y phstcrahrfcltcpucsths b `b vcltb. @bs cxpcntbtavbs ic euc-

    lbs vcltbs ducrhl `b nhlstbltc cltrc `hs priunthrcs, yb quc `b rcoal cs ulb ic `bs fbyhr prhiunnal phrnalb ic` pbs.

    @b phrnalhnu`turb aicltadanb b cstb Cxph.

    C` scnthr bvnh`bcxphlc bvcs iavcrsbs.

    [bvh rcb` vcric ic Jbvbc` fs nbrh

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    G. [CYCU^CL. OBUBLYB.

    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py37

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    Borhdrta nhllucvhs prhiunths

    Nhfpbb Fbrtafbnhl lucvbs sh`unahlcs

    B orhdrta` sc prcscltb nhl lucvhs prhiunths, cltrc `hs nub`csc` pralnapb` cs Hlax [`us, quc cs ul duloanaib pbrb nu`tavh icshjb. Cs ic orbl phicr rcsaiub` quc nhltrh`b cldcrfcibics ic fllic nan`h y `b rhyb ic `b shjb.

    ^u dhrfu`bnal nhfealb `b cstrhea`uralb fs fhicrlb ic`fcrnbih nhl ul trabzh` ic b`th phicr rcsaiub`, icstbn N`cvashlFhlibrih, ocrcltc nhfcrnab` ^ur ic Borhdrta`.

    Cltrc `bs nbrbntcrstanbs ic` Hlax [`us sc icstbnb su rpaibbeshrnal y trbls`hnbnal, fbyhr nhltrh` phr fs tacfph y sucdcnth nurbtavh y crrbianbltc.

    Fhlibrih tbfeal fclnahl htrbs lucvbs alnhrphrbnahlcscl `b `lcb ic sh`unahlcs ic Borhdrta` nhfh ul alscntanaib fl-sah`oanh pbrb nhltrh` ic hruob ic` olcrh ic `b ^phihptcrb. Csalianbih pbrb shjb, traoh, fbz y thihs `hs nu`tavhs btbnbihs phrcsths alscnths.

    Ybfeal icstbn `b lucvb dhrfu`bnal ic Lhnbutc 1; _O ypbrb c` nu`tavh ic traoh c` duloanaib Bvcrt.

    N hfpbb Fbrtafb [brboubyb ^.B. sc prcscltb phr scoulbh cl b Cxph bltb Uatb nhl lufcrhsbs b`tcrlbtavbs cl cfeb`bjcs y sastcfbs ic b`fbnclbfaclth y bnncshrahs pbrb c` nbfpnhfh shl `bs eh`sbs ic pbpc`, `hs ga`hs, `bs fqualbs, `bs Eao Ectn. Cl cstb hphrtulaibi alnhrphrb nhfh lhvcibi `hs tblqup`stanhs pbrb `quaihs ic `b fbrnb brocltalb Uhthr, quc sarvpbrb b`fbnclbr dcrta`azbltcs, o`adhsbth, eahnhfeustae`cs,obshprhiunths b`afcltanahs ctn, cxp`an B`cjblirh ^ucgslcr. ^dberanbihs cl [h`acta`clh ic Fciab y B`tb iclsaibi cl ulb shpaczb sal nhsturbs fciabltc ul prhncsh ic Uhthfh`icbih , `

    fhic`hs prhpucsths shl vcrtanb`cs nhl y sal trba `cr, ghrazhltb`tblquc eh`sb quc vbl icsic 543; `atrhs gbstb 54.;;; `atrhs.Ybfeal dhrfb pbrtc ic sus allhvbnahlcs `hs ulatazbihrc

    stbli ebo quc cstl gcnghs cl rbflb ic ph`aprhpa`clh ic b`tb rsastclnab biatavbihs nhltrb rbyhs ST, csths prhiunths sc uta`azpbrb trblsphrtbr y fhvcr eh`sbs ic scfa``bs, dcrta`azbltc, eb`bncbihs gbralb y bznbr cl dhrfb beacrtb h ncrrbib.

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    EBLNH NHLYALCLYB@. OBUICL BSYHFHYHUC^.

    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py4;

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    Slajctnhl lhvcibics

    S lajct prcscltb ulb bfp`ab obfb ic sh`unahlcs pbrb c` boranu`cl b Cxph bltb Uatb. Slb ic bs lucvbs prhpucstbs cs b p`btbihrb nhl tbsb vbrabe`c cl 5 nbjbs alicpcliacltcs pbrb dcrta`azbltrcou`bnal iaoatb` alstbltlcb pbrb dcrta`azbltcs y scfa``bs. Ybfecs lhvcibi b scferbihrb behlbihrb pblthorflnb MD 5?/YO-B.

    ^ctbnsufb c allhvb

    ^

    ctbn cst prcscltc cl `b Cxph ^bltb Uatb 5;2; nhl ulb bf-

    p`ab obfb ic fbqualbrabs c afp`cfclths pbrb c` borh. Slbic `bs lhvcibics cs `b scferbihrb ic Dblmgbuscr. ^c trbtb ic `bDF >;1;, ulb scferbihrbf`tap`c pbrb orblhs fllhsy orucshs. Cs ic 52 `lcbspbrb orblsh fllhs y 1 `lcbspbrb orblhs orucshs.

    Lcrna Fbycr, rcprcscl-tbltc ic deranb, iah `bs cx-p`anbnahlcs iurbltc b fucs-trb y cldbtaz quc `b fbrnbprcscltb cstc prhiunth fvu-ngh fs nhfp`cth y nhl fs

    dbna`aibics ic fblcjh phr-quc c` fcrnbih cxaoc fcjh-rbr nhlstbltcfcltc. C` fas-fh pucic scr cquapbih nhlboranu`turb ic prcnasal.

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    DEUANB [BUBOSBQB IC ^ACUUB^. IABOUH.

    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py45

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    BIFnhlsustcltbea aibi@ b cfprcsb BIF icsic su rcb ic ^ustcltbea`aibi gazh phsa-e`c quc 29? lahs ic iadcrcltcs csnuc`bs `coucl gbstb b Cxph^bltb Uatb. @b vasatb cl `b dcrab sc rcb`az c` `ulcs 22 ic fbyh.@hs csnh`brcs quc tuvacrhl `b hphrtulaibi ic vasatbr c` pbrquc iccxphsanahlcs hescrvbrhl `b fucstrb, sc altcrahrazbrhl ic `b bnta-vaibi borhpcnubrab, bulquc funghs ic `hs aldbltcs shl gajhs icprhiunthrcs quaclcs icsic yb cstl aicltaflnbihs nhl cstb tbrcb.

    Bicfs ic nhfpbrtar fhfclths orbths y cltrctclaihs nhl c`pbsch y phstcrahr eralias, `hs pcquchs vasatbltcs rcnaeacrhl cx-p`anbnahlcs sherc c` fciah bfeacltc, `b afphrtblnab ic `horbr c`cqua`aerah cltrc prhiunnal y lbturb`czb, cltrc htrhs tcfbs phrpbrtc ic `b supcrvashrb ic ^ustcltbea`aibi, Blb Qbfa`a.

    @hs lahs quc pbrtanapbrhl ic cstb bntavaibi tbfeal rcnaeac-rhl prcscltcs ic `b cfprcsb quc `hs ``cl ic b`corb. Cstb flrfb,icsic gbnc ulhs bhs vaclc bprhvcngblih `b p`btbdhrfb ic `bfbyhr cxphsanal ic` altcrahr ic` pbs, `b Cxph ^bltb Uatb, pbrbrcular cl su stbli b lahs ic iadcrcltcs alstatunahlcs ciunbtavbs.

    Ib`bzclallhvb cldufaobnalI b`bzcl prcscltb cl `b Cxph ^bltb Uatb 5;2; lhvcibics dberanbnal `hnb`. Cl cstb hnbsal fucstrb `b dufaobihbuthprhpu`sbib Yatbl, dberanbib cl ^bltb Uatb, icsbrrh``bib pblucstrhs fcrnbihs, nhl ulb b`turb ic 2,9; fctrhs, ebrrb ic fctrhs, tblquc nhl 5.3;; `atrhs, fs tblquc ic boub `afpab clhtrbs nbrbntcrstanbs. Yaclc fhthr ic 297 G[, tureh altcrnhh`cbfp`ah nhldhrt cl b nbealb. Cstb cs ulb lucvb vcrsal ic b dufobihrb, yb quc `b cfprcsb gbnc ulhs bhs yb gbeb prcscltbihprafcrb buthprhpu`sbib. @bs alnhrphrbnahlcs ducrhl gcngbs pb`horbr ulb fcjhr pcrdhrfblnc ic b fqualb y fbyhr rcspucst`bs lcncsaibics bntub`cs ic` prhiunthr pbrboubyh, cxp`an IahIb`bzcl, iarcntavh ic `b aliustrab.

    @b flrfb Ib`bzcl cs ulb aliustrab fctb` fcnlanb quc trbecl c` icsbrrh``h ic cquaphs y fqualbs cl ^bltb Uatb, B`th [brl. ^us prafcrhs trbebjhs ducrhl `b nhlstrunnal ic nbealbs pbtrbnthrcs, nhl c` nhrrcr ic` tacfph sc nhlvarta cl ulb afphrtblaliustrab dberanbltc ic fbqualbrabs bornh`bs.

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    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py49

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    Uacicr & Nb.nhl lucvb scferbihrb ic Tb`trb@ b cfprcsb Uacicr & Nb., nuyb prcscl-nab yb cs trbianahlb` cl `b Cxph ^bltbUatb sufb tcnlh`hob pbrb `b boranu`turbnhl Tb`trb. Cstb vcz prcscltb nhfh `blzb-

    faclth `bs scferbihrbs Tb`trb. C` aloclac-rh Lc`shl [cb, ocrcltc ic `b ^unursb` Nau-ibi ic` Cstc, cxp`an quc cstl tclaclih ihsfhic`hs quc shl E[1;3@ y E[1;3F. Slbcs scferbihrb p`bltbihrb ic orblh orucshnhlvclnahlb` y `b htrb cs pblthorflnb.

    Cltrc `bs pralnapb`cs nbrbntcrstanbs rc-sb`tbibs cl `bs fqualbs shl su rheustczy prcnasal. Bicfs taclc c` rcspb`ih ic`oruph Tb`trb quc cs ul ictb``c fuy afphr-tbltc b `b ghrb quc sc rcquacrbl rcpucsths ybsastclnab tnlanb. Csth fbrnb `b iadcrclnaby phr supucsth `b nb`aibi ic `b fbrnb phr

    c` nhltrh` ic nb`aibi quc rcb`azb Tb`trb bl-tcs ic `blzbr `hs prhiunths. Htrh rcbscourhquc taclc cstbs fqualbs cs `b obrbltb ic`oruph Uacicr & Nb.

    [cb icstbn quc c` scrvanah phsvcltbquc nhltbr cstb fqualb cs aoub` pbrb th-ibs bs fbrnbs quc rcprcscltb Uacicr & Nb.,yb quc cs ulb ph`tanb cfprcsbrab` ic Uac-icr ibr rcspb`ih y `b obrbltb b sus n`acltcs.Nhltbfhs nhl sthnm ic rcpucsths pbrb thibs`bs fbrnbs bulquc rcnal pbrb cstb Cxph

    ``cobrhl `bs p`bltbihrbs lhshtrhs yb bltana-pbibfcltc biquarafhs `bs paczbs ic rcphsa-nal, phrquc lucstrh nhfprhfash cs quc `bsfqualbs quc cstl cl c` nbfph lh qucicl

    pbrbibs phr db`tb ic rcpucsths, cldbtaz@b rcprcscltbltc nucltb nhl fllblnab-nal prhpab quc ``cob gbstb 5 bhs ic p`bzh yghy ib gby fungbs b`tcrlbtavbs ic fllblnab-

    nal b trbvs ic `hs eblnhs ic p`bzb ic gb4; fcscs y nhl tbsbs spcr altcrcsbltcs qpucicl scr cl oubrblcs h cl i`brcs.

    Uacicr & Nb. tbfeal prcscltb cl c

    cxphsanal b`thpbrblclsc thib `b `lcb trbnthrcs Tb`trb, iastraeuaihr ic scfa``bdcrta`azbltcs Tb`trb, nbfahlcs Th`vh y fqualbrabs vab`cs Th`vh.

    Bornh`b Fhlibynbrobib ic tcnlh`hobsB ornh`b Fhliby ulb vcz fs dhrfpbrtc ic `b Cxph ^bltb Uatb nhl all

    vbibs tcnlh`hobs y fbyhr phtclnab. Sic `hs `blzbfaclths icstbnbihs phr UbdTcdboh, iarcntavh ic `b cfprcsb shl `hs pbrnaihrcs ic nb` b tbsb vbrabe`c. @hs cspbnaihrcs shl ic `b fbrnb Jbl y `b tcnlh`hopbrb tbsb vbrabe`c ic Ucavc.

    Htrb lhvcibi quc sc pucic hescrvbr c` cstbli ic Bornh`b Fhliby cs `b p`b

    dhrfb ic fbz ic Eb`ibl [htclzb. ^coTcdboh cstb cs ulb `lcb thp, nhl sastcfbcferbouc aliavaiub` y htrbs nub`aibics.

    Cl c` fbrnh ic `b Cxph tbfeal alnhphrb cltrc `b obfb ic prhiunths `hs trbthrcs [buly ic prhnciclnab brocltalb. ^trbnthrcs ic fungb ducrzb ic 59; G[, brnu`bihs, quc taclcl ulb icfblib fuy b`Lh puiacrhl cstbr buscltcs cl c` stbli Fhliby bs scferbihrbs [`bltancltcr.

    [email protected]@TCDBOH.

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    BNA^B. CSUHNBU.

    BNYSB@AIBI IC@ NBF[H BOUH[CNSBUAH www.nbfphborhpcnubrah.nhf.py44

    C W [ H ^ B L Y B U A Y B 5 ; 2;

    Th`pyprcscltc cl b Cxph nhl fs prhfhnal@ b cfprcsb Th`py phr tcrncr bh nhlsc-nutavh cst cl `b Cxph ^bltb Uatb nhlsu yb nhlhnaib prhfhnal quc nhlsastc clprcfabr b sus n`acltcs nhl ul scfarrcfh`-quc orblc`crh ic > cjcs julths. C` hejcta-vh ic cstb flrfb iastraeuaihrb ic nbrrctbsUblihl cl c` pbs cs prcfabr `b nhlflblzbic sus n`acltcs, cxp`an Uanbrih Ebrcarh, ia-rcntavh ic Th`py.

    Cl cstb hphrtulaibi, c` fcnblasfhic cltrcob ic` prcfah scr ulb suebstb b`b ebjb. Yhibs `bs pcrshlbs quc nhfprb-

    rhl ic Th`py icsic c` `tafh shrtch ic` bhpbsbih rcnaecl ul nupl phr nbib nhfprbic cquaph. Cshs nuphlcs icecl prcscltbr c`ihfaloh 24 ic fbyh cl c` stbli ic Th`pycl b Cxph bltb Uatb, phr c` nub` sc c cltrc-

    obr ul nbrtl ihlic taclc quc nh`hnbr su

    hdcrtb. @b hdcrtb fs ebjb quc lh sc rcpsc bijuianbr, cxp`an Ebrcarh. Cstb lucfhib`aibi ic cltrcob ic prcf


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