
(AGENPARL) – gio 04 maggio 2023 
8IILFLR &RPXQLFD]LRQH 3UHVLGHQ]D GHOOD 3URYLQFLD
FRPXQLFD]LRQH#SURYLQFLDVSLW
3529,1&,$ '(//$ 63(=,$
&2081,&$72 67$03$
2**, /¶$99,2 '(, /$925, ', &2//(*$0(172 75$,/ 5$&&25'2
$872675$'$/( ( /$ 6321'$ '(675$ '(/ ),80(
/¶23(5$ 675$7(*,&$ 3(5 /$ 9,$%,/,7¬ 63(==,1$ Ê )58772 ', 81
352*5$00$ 69,/833$72,17(5$0(17( '$//$ 3529,1&,$ '(//$ 63(=,$
,/ 35(6,'(17( 3,(5/8,*, 3(5$&&+,1, +$ 5,%$',72 &+( 48(672 $77(62
,17(59(172 *$5$17,5¬ 0(12 75$)),&2 68//( 675$'( ( &216(17,5¬ 812
69,/8332 '(//¶(&2120,$
6RQR LQL]LDWL TXHVWD PDWWLQD QHOO¶DUHD GHO FDQWLHUH VLWXDWR QHOOD SLDQD GL 6DQWR 6WHIDQR 0DJUD L
ODYRUL GHO ORWWR  GHO QXRYR FROOHJDPHQWR WUD OD SLDQD GL &HSDUDQD H OD ]RQD GL 9LD $UHQHOOH D 6DQWR
6WHIDQR 0DJUD 8Q¶RSHUD LQQRYDWLYD H VWUDWHJLFD SHU OD ULGHILQL]LRQH HG LO SRWHQ]LDPHQWR GHOOD UHWH
VWUDGDOH SURYLQFLDOH GHOOD 6SH]LD
6L WUDWWD GHOO¶DYYLR GHOOH ODYRUD]LRQL SUHFHGXWR GD XQ VRSUDOOXRJR ILQDOH SHU O¶DYYLDPHQWR IRUPDOH
GHO FDQWLHUH SHU OD UHDOL]]D]LRQH GHO QXRYR SRQWH VXO 0DJUD $ TXHVWD IDVH RSHUDWLYD VHJXLUj LO
VHFRQGR ORWWR FLRq OD UHDOL]]D]LRQH GHO WUDWWR WUD LO SRQWH H LO UDFFRUGR DXWRVWUDGDOH FKH DWWXDOPHQWH
q LQ IDVH GL SURJHWWD]LRQH
,O QXRYR DVVH LQIUDVWUXWWXUDOH UDSSUHVHQWD XQ IRQGDPHQWDOH H SL IXQ]LRQDOH FROOHJDPHQWR IUD OD
VSRQGD GHVWUD H VLQLVWUD GHO ILXPH 0DJUD 8Q SHUFRUVR VWUDGDOH DWWHVR FKH JDUDQWLUj QRQ VROR XQ
PLJOLRUDPHQWR GHOO¶DFFHVVLELOLWj DOOD UHWH DXWRVWUDGDOH HVLVWHQWH PD DQFKH LO SHUIH]LRQDPHQWR GHOOD
FLUFROD]LRQH YLDULD GHOOD SLDQD GHO ILXPH 0DJUD H GHO ILXPH 9DUD FRQ SHUFRUVL HVWHUQL DO WHVVXWR
XUEDQR
/D QHFHVVLWj GL FROOHJDUH OD SLDQD GL &HSDUDQD RYYHUR LO VLVWHPD VWUDGDOH GHOOD 9DO GL 9DUD FRQ L
JUDQGL QRGL LQIUDVWUXWWXUDOL GHOOD YLDELOLWj SURYLQFLDOH LQ PDQLHUD GLUHWWD HYLWDQGR O¶XWLOL]]R GL DUWHULH
HVLVWHQWL QRQ DGHJXDWH DO FDULFR GL WUDIILFR VLD FRPPHUFLDOH FKH WXULVWLFR WURYD FRVu XQD VROX]LRQH
QHOOD UHDOL]]D]LRQH GL XQD FRPSODQDUH SDUDOOHOD FRQ OH FDUDWWHULVWLFKH GL XQD VWUDGD SXEEOLFD
DOO¶DWWXDOH WUDFFLDWR DXWRVWUDGDOH $ WUD LO QRGR GL 6DQWR 6WHIDQR 0DJUD HG LO SROR LQVHGLDWLYR GL
&HSDUDQD VDOHQGR SRL YHUVR O¶HQWURWHUUD
4XHVWD QXRYD YLDELOLWj FRPH KD VSLHJDWR LO 3UHVLGHQWH 3LHUOXLJL 3HUDFFKLQL KD TXLQGL XQD GRSSLD
YDOHQ]D RVVLD TXHOOD GL GHFRQJHVWLRQDUH GD EXRQD SDUWH GHO WUDIILFR FRPSUHVR TXHOOR GL PH]]L
SHVDQWL OH YLDELOLWj XUEDQH GL SL DUHH H TXHOOD GL LQWHUFRQQHWWHUVL GLUHWWDPHQWH DL JUDQGL QRGL YLDUL

8IILFLR &RPXQLFD]LRQH 3UHVLGHQ]D GHOOD 3URYLQFLD
FRPXQLFD]LRQH#SURYLQFLDVSLW
DSUHQGR XQ SHUFRUVR FKH QRQ VQDWXUD LO WHUULWRULR PD VL LQWHJUD FRQ OH LQIUDVWUXWWXUH HVLVWHQWL 3URSULR
SHU TXHVWR OD VFHOWD q VWDWD TXHOOD GL VIUXWWDUH XQ FDQDOH LQIUDVWUXWWXUDOH JLj LQ VLWR RIIHUWR GDO
SHUFRUVR GDOO¶$XWRVWUDGD $ HYLWDQGR GL FUHDUH XOWHULRUL LQWHUYHQWL JUDYDQWL VXOO¶DVSHWWR GHO
WHUULWRULR 1HOOR VSHFLILFR FRPH FKLDULWR VHPSUH GDO 3UHVLGHQWH 3HUDFFKLQL ULPDUFDQGR OD VWUDWHJLFLWj
GHO SURJUDPPD TXHVWR SRQWH H LO VXFFHVVLYR UDFFRUGR JDUDQWLUDQQR GL VJUDYDUH LO FDULFR GL WUDIILFR
DQFKH GDOOD VWUDGD 63  GHOOD 5LSD H GDOOD UHWH VWUDGDOH FKH SDVVD GDO SRQWH GL $OELDQR FRPSUHVD OD
66 ULVROYHQGR XQD SUREOHPDWLFD PROWR VHQWLWD GDJOL DELWDQWL GL DOPHQR VHL FRPXQL,QROWUH
ULVSHWWR DO WUDFFLDWR DXWRVWUDGDOH TXHVWD QXRYD YLDELOLWj q SUHYLVWD VX GL XQD UHWH VWUDGDOH JUDWXLWD H
QRQ OLPLWDWD SHU WLSRORJLD GL YHLFROL TXLQGL FRQVHQWH LO WUDQVLWR DQFKH GL PH]]L H YHLFROL FKH QRQ
SRVVRQR DFFHGHUH DOO¶DXWRVWUDGD,QIDWWL VRQR SUHYLVWL DQFKH XQD SLVWD FLFODELOH OXQJR TXHVWD QXRYD
DUWHULD HG XQ FDPPLQDPHQWR SHGRQDOH VXO QXRYR SRQWH
/¶LQWHUYHQWR HVHFXWLYR FKH LQL]LDWR RJJL FLRq LO ORWWR  FKH FROOHJD OD SLDQD GL &HSDUDQD FRQ
O¶DWWXDOH YLD $UHQHOOH SUHYHGH XQ FURQRSURJUDPPD GL  JLRUQL TXLQGL O¶RSHUD GRYUHEEH HVVHUH
FRQFOXVD WUD FLUFD GXH DQQL /¶LQWHUYHQWR GL FRVWUX]LRQH GHO SRQWH LQWHUHVVD L WHUULWRUL GHL FRPXQL GL
%RODQR 6DQWR 6WHIDQR 0DJUD H 9H]]DQR /LJXUH,O ORWWR  RYYHUR LO SRQWH VXO 0DJUD DYUj RULJLQH
LQ VSRQGD VLQLVWUD LQ FRUULVSRQGHQ]D GL 9LD $UHQHOOH  ODWR 6DQWR 6WHIDQR H WHUPLQHUj UDFFRUGDQGRVL
VX 9LD 5DGLR QHOOD VSRQGD RSSRVWD ± ODWR &HSDUDQD,O QXRYR YLDGRWWR SUHVHQWHUj XQD OXQJKH]]D
FRPSOHVVLYD SDUL D  PHWUL GLVWULEXLWD OXQJR VHL FDPSDWH
3HU LO 3UHVLGHQWH 3HUDFFKLQL FRPH KD VSLHJDWR DQFKH LQ VHGH GL DVVHPEOHD FRQVLOLDUH TXHVWR q XQR
GHL SURJUDPPL SL LPSRUWDQWL FKH OD 3URYLQFLD GHOOD 6SH]LD VWD SRUWDQGR DYDQWL D IDYRUH GHO
SRWHQ]LDPHQWR H GHOOD ULTXDOLILFD]LRQH GHOOD UHWH YLDULD VSH]]LQD /R VYLOXSSR GHOOD SUDWLFD VHJXLWD
GLUHWWDPHQWH GDJOL XIILFL SURYLQFLDOL LQ SDUWLFRODUH GDO VHWWRUH VWUDGH GLUHWWR GDOO¶LQJHJQHU *LDQQL
%HQYHQXWR FRQ LO IXQ]LRQDULR LQJHJQHU /HDQGUR &DO]HWWD QRQ VL q PDL IHUPDWR QHSSXUH SHU
O¶HPHUJHQ]D GRYXWD DOO¶DXPHQWR GHL FRVWL GHL PDWHULDOL H DG RJJL q SLHQDPHQWH QHL WHPSL /H
SURFHGXUH GL JDUD FRQWUDWWR H SURJHWWD]LRQH VRQR VWDWH FRPSOHWDWH TXLQGL RUD LQL]LD OD IDVH HVHFXWLYD
LQ VHGH FRQ O¶DYYLR GHO FDQWLHUH FKH QHJOL VFRUVL PHVL q JLj VWDWR SUHFHGXWR GD WXWWL JOL LQWHUYHQWL
SURSHGHXWLFL FRPH OD ERQLILFD RUGLJQL H OH RSHUH GL SUH DOOHVWLPHQWR
4XHVWR SURJUDPPD YHUUj VXFFHVVLYDPHQWH LQWHJUDWR DWWUDYHUVR XQD SLDQLILFD]LRQH DXWRQRPD FRQ XQ
XOWHULRUH WUDWWR LQIUDVWUXWWXUDOH GHQRPLQDWR ORWWR  FKH D SDUWLUH GD 9LD $UHQHOOH DVVLFXUHUj LO
VXSHUDPHQWR GHOO¶DXWRVWUDGD $ ³3DUPD ± /D 6SH]LD´ JDUDQWHQGR LO FROOHJDPHQWR YLDULR DOOD ]RQD
LQGXVWULDOH GL 6DQWR 6WHIDQR $G RJJL LO ORWWR  q JLj VWDWR ILQDQ]LDWR SHU OD SDUWH UHODWLYD DOOD
SURJHWWD]LRQH XQ LQYHVWLPHQWR GL FLUFD  PLOD HXUR
4XHVW¶RSHUD ULHQWUD SHU OD IDVH GL VYLOXSSR GHO SURJHWWR QHO SURJUDPPD WULHQQDOH GHOOH RSHUH
SXEEOLFKH  GHOOD 3URYLQFLD GHOOD 6SH]LD PHQWUH LO FURQR SURJUDPPD GL HVHFX]LRQH
ULJXDUGD LO SHULRGR  4XLQGL L WHPSL SUHYLVWL VRQR SHUIHWWDPHQWH LQ OLQHD FRQ OD
SLDQLILFD]LRQH DWWXDWD GDOO¶(QWH
,O SURJUDPPD q JLj VWDWR LQWHUDPHQWH ILQDQ]LDWR SHU XQ LPSRUWR GL  PLOLRQL H  PLOD HXUR SHU LO
VROR ORWWR  $ WDOL IRQGL VL DJJLXQJRQR L  PLOD HXUR GD GHVWLQDUVL DO ILQDQ]LDPHQWR GHOOD VROD
SURJHWWD]LRQH UHODWLYD DO,, ORWWR GHOO¶LQWHUYHQWR PHGHVLPR,O 0LQLVWHUR GHOOH LQIUDVWUXWWXUH H GHOOD

8IILFLR &RPXQLFD]LRQH 3UHVLGHQ]D GHOOD 3URYLQFLD
FRPXQLFD]LRQH#SURYLQFLDVSLW
PRELOLWj VRVWHQLELOH OR VFRUVR IHEEUDLR KD LQL]LDWR DG HURJDUH OH TXRWH GHO ILQDQ]LDPHQWR RWWHQXWR
GDOOD 3URYLQFLD SHU UHDOL]]DUH O¶LQWHUR LQWHUYHQWR GL SURJHWWD]LRQH H FRVWUX]LRQH GHO SRQWH
,O SURJUDPPD GHO QXRYR UDFFRUGR VWUDGDOH FRPH ULFRUGDWR GDO 3UHVLGHQWH SURYLQFLDOH HUD VWDWR
LQL]LDOPHQWH VWDWR VRVWHQXWR GD XQ SULPR ILQDQ]LDPHQWR GL  PLOLRQL GL HXUR GD SDUWH GL 5HJLRQH
/LJXULD FKH DQWLFLSDQGR XQD SDUWH GHJOL VWDQ]LDPHQWL SUHYLVWL GDO EDQGR QD]LRQDOH SRL RWWHQXWR KD
JDUDQWLWR GL SRWHU SURFHGHUH FRQ OH SULPH IDVL RSHUDWLYH H DWWXDUH OH SUDWLFKH FRPSUHVH OH
SURJHWWD]LRQL HVHFXWLYH FRQ WHPSLVWLFKH FRQIRUPL DO FURQRSURJUDPPD GHOO¶RSHUD,O ILQDQ]LDPHQWR
PLQLVWHULDOH KD FRQVHQWLUj OD UHVWLWX]LRQH FRQFRUGDWD GHOO¶DQWLFLSR GDWR GDOOD 5HJLRQH FKH UHVWD
FRPXQTXH TXDOH HQWH FRRUGLQDWR D VRVWHJQR H VYLOXSSR GHO SURJUDPPD
,O SURJHWWR HVHFXWLYR q VWDWR UHGDWWR QHOO¶DPELWR GHOO¶DSSDOWR LQWHJUDWR UHODWLYR DOOD ³3URJHWWD]LRQH
HVHFXWLYD HG HVHFX]LRQH GHL ODYRUL GL FROOHJDPHQWR WUD LO UDFFRUGR DXWRVWUDGDOH H OD VSRQGD GHVWUD GHO
)LXPH 0DJUD´ GDOO¶DJJLXGLFDWDULR GHOOD JDUD RYYHUR GDOO¶$7, GL LPSUHVH FRVWLWXLWR GD 6(7 ±
6RFLHWj (GLOL]LD 7LUUHQD 6S$ FDSRJUXSSR $JQHVH &RVWUX]LRQL 6UO 9DULD &RVWUX]LRQL 6S$ H 6&/
&RVWUX]LRQL H 0RQWDJJL 6UO FRDGLXYDWR GDO VXSSRUWR SURJHWWXDOH GL,7(& (QJLQHHULQJ 6UO,O
SURJHWWR GHO SRQWH q VWDWR ILUPDWR GDOO¶LQJHJQHU 5REHUWR 9DOODULQR
/D VFHOWD GL RSHUDUH SDUDOOHODPHQWH VX GXH ORWWL JDUDQWLVFH OD SRVVLELOLWj GL LQWHUYHQLUH VXO
SURJUDPPD JHQHUDOH LQ PRGR FRRUGLQDWR VHQ]D VSUHFR GL ULVRUVH H FRQ XQD PLJOLRUH FDSDFLWj GL
VYLOXSSR H UHDOL]]D]LRQH GHOO¶RSHUD
/¶RELHWWLYR LQGLFDWR GDOO¶$PPLQLVWUD]LRQH SURYLQFLDOH q TXHOOR GL PLJOLRUDUH H UD]LRQDOL]]DUH
O¶LQWHUD UHWH VWUDGDOH SURYLQFLDOH VJUDYDUH DOWUH DUWHULH GDO WUDIILFR PD DQFKH IDYRULUH XQR VYLOXSSR
GL XQ VLVWHPD YLDULR FKH SURGXFD VHUYL]L SHU OH DWWLYLWj SURGXWWLYH H WXULVWLFKH 8QD QXRYD PRELOLWj
FKH VDUj DQFKH XQ¶RSSRUWXQLWj SHU L WHUULWRUL SHU VYLOXSSDUH HFRQRPLD
$YHUH XQD QXRYD VWUDGD D FDYDOOR GL 9DO G L 9DUD H 9DO GL 0DJUD FRPH KD VSLHJDWR OR VWHVVR
3HUDFFKLQL YXRO GLUH VRVWHQHUH OD FRQFUHWDPHQWH OD SLFFROD PHGLD LPSUHVD JOL DUWLJLDQL H LO WXULVPR
4XHVWR SURJUDPPD q SHUWDQWR XQR VWUXPHQWR LPSRUWDQWH D IDYRUH GL FKL LQ XQ PRPHQWR GL JUDQGH
RSSRUWXQLWj YRJOLD LQYHVWLUH H D IDUH HFRQRPLD QHO WHUULWRULR GHOOD SURYLQFLD VSH]]LQD 2OWUH DO IDWWR
FKH XQ SHUFRUVR VWUDGDOH FRPH TXHVWR FRQ OH FDUDWWHULVWLFKH SUHYLVWH GDO SURJHWWR VDUj XQ VHUYL]LR
DWWHVR HG LQGLVSHQVDELOL SHU WXWWL L FLWWDGLQL
?^?????? ?? ???Ž??Ž ?Ž???????Ž ?????? ?Ž? ?? ????????? ??????Ž?? ???Ž?????Ž?? ?? ????? ???? ????????
/D 6SH]LD  PDJJLR