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THE FINANCIAL CRISIS AND INFORMATION GAPS (IMF)

Apr 06, 2018

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    ]ho Ei`j`lijk Lti|i| j`m I`eatfj}ia` Bj~|

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    4

    La`}o`}| ^jbo

    Jlta`yf| .................................................................................................................................. @j}ia`jk Ju}hati}io| .................................................:2III. If~kofo`}j}ia` \lhomuko...................................................................................................:2IU. Lhjkko`bo| j`m I`|}i}u}ia`jk Jttj`bofo`}| .......................................................................4:

    J. To|autlo| ................................................................................................................4:D. ^tiati}io| j`m I`}otki`cjbo|......................................................................................4

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    >8 \@J \y|}of ae @j}ia`jk Jllau`}| 4>>8JD\ J||o} Djlcom \oluti}io|

    DLD\ Dj|ok Laffi}}oo a` Dj`ci`b \u~oti|ia`

    DI\ Dj`c eat I`}ot`j}ia`jk \o}}kofo`}|

    DA^LAF IFE Laffi}}oo a` Djkj`lo ae ^jyfo`}| \}j}i|}il|

    D^F5 Djkj`lo ae ^jyfo`}| j`m I`}ot`j}ia`jk I`o|}fo`} a|i}ia`

    Fj`ujk+ |ix}h omi}ia`

    D\J Djkj`lo&|hoo} j~~tajlh

    LM\ Ltomi} Moejuk} \rj~|LBE\ Laffi}}oo a` }ho Bkadjk Ei`j`lijk \y|}of

    L^I\ Laatmi`j}om ^at}eakia I`o|}fo`} \utoy

    MEIM _C Mo~jt}fo`} eat I`}ot`j}ia`jk Mooka~fo`}

    OLD Outa~oj` Lo`}tjk Dj`c

    E\D Ei`j`lijk \}jdiki}y Dajtm

    E\I| Ei`j`lijk \au`m`o|| I`milj}at|

    B&4> ]ho Btau~ ae ]ro`}y

    BE\ Baot`fo`} Ei`j`lo \}j}i|}il|

    BE\F 4>>: Baot`fo`} Ei`j`lo \}j}i|}il| Fj`ujk+ 4>>:

    B&\IEI| Bkadjk \y|}ofiljkky If~at}j`} Ei`j`lijk I`|}i}u}ia`|

    H\\ DI\&OLD&IFE Hj`mdaac a` \oluti}io| \}j}i|}il|

    IJB I`}otjbo`ly Btau~ a` Ola`afil j`m Ei`j`lijk \}j}i|}il|

    ID\ I`}ot`j}ia`jk Dj`ci`b \}j}i|}il|

    IE\ I`}ot`j}ia`jk Ei`j`lijk \}j}i|}il|

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    =

    OXOL_]IUO \_FFJTY

    ]hi| to~at} u~mj}o| a` ~tabto|| dy }ho Ei`j`lijk \}jdiki}y Dajtm (E\D) \olto}jtij} j`mI`}ot`j}ia`jk Fa`o}jty Eu`m (IFE) |}jee i` if~kofo`}i`b }ho 4> tolaffo`mj}ia`| i` }ho

    to~at} ]ho Ei`j`lijk Lti|i| j`m I`eatfj}ia` Bj~| o`mat|om dy }ho Btau~ ae ]ro`}y (B&4>)

    Ei`j`lo Fi`i|}ot| j`m Lo`}tjk Dj`c Baot`at| i` @aofdot 4>>9. \i`lo }ho kj|} ~tabto||

    to~at} j yojt jba+ la`|uk}j}ia`| ri}h `j}ia`jk ju}hati}io| toojkom dtajm jbtoofo`} ri}h+ j`m

    j ~a|i}io ior ae+ }ho B&4> Mj}j Bj~| I`i}ij}io+ ri}h do}}ot imo`}ieilj}ia` ae }ho duikm&u~ ae

    ti|c| i` }ho ei`j`lijk |ol}at j`m ei`j`lijk i`}otla``ol}om`o|| (mafo|}il j`m lta||&datmot)

    doi`b jfa`b }ho hibho|} ~tiati}io|.

    Ratc i` }ho ~tiati}y jtoj| i| ~tabto||i`b rokk7

    J mtje} to~at}i`b }of~kj}o eat }ho bkadjk |y|}ofiljkky if~at}j`} ei`j`lijk i`|}i}u}ia`|hj| doo` mooka~om eat dj`c|+ ri}h }ho E\D ^ko`jty jbtooi`b }a ~tabto|| }hi| ratc.

    Jbtoofo`}| hjo doo` tojlhom }a o`hj`lo }ho Dj`c eat I`}ot`j}ia`jk \o}}kofo`}|(DI\) i`}ot`j}ia`jk dj`ci`b |}j}i|}il| (ID\) mj}j }a ~taimo fato btj`ukjt i`eatfj}ia`a` j `j}ia`jki}y dj|i|3 }a i`ltoj|o }ho etozuo`ly etaf j``ujk }a |ofi j``ujk ae

    lta||&datmot |oluti}y hakmi`b| mj}j i` }ho IFE| Laatmi`j}om ^at}eakia I`o|}fo`}

    \utoy (L^I\)3 j`m }a i`}tamulo j to~at}i`b }of~kj}o }a ~taimo j do}}ot

    u`mot|}j`mi`b ae mafo|}il uk`otjdiki}io| dy ola`afil |ol}at. ]ho lhjkko`bo aot }ho

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    ?

    Du} if~at}j`} lhjkko`bo| tofji`7

    Oeeat}| }a eut}hot |}to`b}ho` }ho jjikjdiki}y ae la`|i|}o`} j`m laf~jtjdko ola`afilj`m ei`j`lijk mj}j tofji` if~at}j`}+ i`lkumi`b7

    \u|}ji`i`b oeeat}| }a lka|o bj~| i` oxi|}i`b mj}j lakkol}ia`| eat B&4>ola`afio| j`m+ i` |afo i`|}j`lo|+ eat |ib`ieilj`} ei`j`lijk lo`}ot|.

    If~tai`b }ho mj}j jjikjdiki}y a` }ho jl}ii}io| ae `a`dj`c ei`j`lijki`|}i}u}ia`|.

    Hjtfa`iwi`b mj}j lakkol}ia`| etaf B&4> ola`afio| dy i`}ot`j}ia`jk jbo`lio|jlta|| fjltaola`afil |}j}i|}il|j hibh ~tiati}y aot }ho lafi`b yojt.

    O`|uti`b jmozuj}o to|autli`b ae |}j}i|}iljk ratc3 j`m kifi}i`b }ho to~at}i`b dutmo` a`}ho ~tij}o |ol}at+ `j}ia`jk+ j`m i`}ot`j}ia`jk ju}hati}io|.

    O`|uti`b j~~ta~tij}o jllo|| }a mj}j j| fjlta~tumo`}ijk j`jky|i| `oom| fato btj`ukjtmj}j }hj` hj| doo` tozuitom eat fjltaola`afil j`jky|i|. Kobjk etjforatc| eat mj}j

    |hjti`b j`m eat mj}j lakkol}ia` fjy `oom }a do toiorom i` |afo i`|}j`lo|.

    ]ho to~at} |ooc| o`mat|ofo`} dy }ho B&4> Ei`j`lo Fi`i|}ot| j`m Lo`}tjk Dj`c Baot`at| ae

    }ho jl}ia` ~kj`| j`m }ifo}jdko| |uffjtiwom i` ]jdko : dokar

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    ]jdko :.\uffjty ]jdko7 ^tabto|| To~at}+ Jl}ia` ^kj`|+ j`m ]ifo}jdko|

    Tolaffo`mj}ia` ^tabto|| }a Mj}o Jl}ia` ^kj`| j`m ]ifo}jdko|

    :. \}jee ae }ho E\D j`m }ho IFE to~at} djlc }a B&4>

    Ei`j`lo Fi`i|}ot| j`m Lo`}tjk Dj`c Baot`at| dyGu`o 4>:> a` ~tabto||+ ri}h j la`lto}o ~kj` ae

    jl}ia`+ i`lkumi`b j }ifo}jdko+ }a jmmto|| ojlh ae

    }ho au}|}j`mi`b tolaffo`mj}ia`|. ]hotoje}ot+ |}jee

    ae }ho E\D j`m IFE }a ~taimo u~mj}o| a`

    ~tabto|| a`lo j yojt. Ei`j`lijk |}jdiki}y ox~ot}|+

    |}j}i|}ilij`|+ j`m |u~oti|at| |haukm ratc }abo}hot

    }a o`|uto }hj} }ho ~tabtjf i| |ullo||eukky

    if~kofo`}om.

    J| tozuo|}om i` Gu`o 4>:>+ }ho ~to|o`} to~at}+

    ~to~jtom dy }ho E\D \olto}jtij} j`m IFE |}jee+ i|~taimom }a }ho B&4> Ei`j`lo Fi`i|}ot| j`m

    Lo`}tjk Dj`c Baot`at| dy Gu`o 4>::.

    ]ho E\D \olto}jtij} j`m IFE |}jee }a ~taimo }ho `ox}

    ~tabto|| to~at} dy \o~}ofdot 4>:4. IFE |}jee i`}o`m| }au`mot}jco tobia`jk i|i}| }a mi|lu|| eut}hot ~tabto|| }arjt

    if~kofo`}j}ia` ae }ho tolaffo`mj}ia`|. ]ho IFE }a

    la`|imot |o}}i`b u~ ~talomuto| }a fa`i}at ~tabto||+

    i`lkumi`b j|ci`b B&4> ola`afio| }a u`mot}jco |oke

    j||o||fo`}| }a u~mj}o }ho mo}jikom i`eatfj}ia` etaf }ho B

    4> dikj}otjk la`|uk}j}ia`|.

    Fa`i}ati`b Ti|c i` }ho Ei`j`lijk \ol}at

    4. ]ho IFE }a ratc a` i`ltoj|i`b }ho `ufdot aelau`}tio| mi||ofi`j}i`b Ei`j`lijk \au`m`o||

    I`milj}at| (E\I|)+ i`lkumi`b ox~j`mi`b lau`}ty

    laotjbo }a o`laf~j|| jkk B&4> fofdot|+ j`m a`

    a}hot if~taofo`}| }a }ho E\I rod|i}o+ i`lkumi`b

    ~toeotjdky zujt}otky to~at}i`b. E\I ki|} }a do

    toiorom.

    Aot }ho ~j|} yojt+ }ho `ufdot ae B&4>ola`afio| to~at}i`b E\I| hj| i`ltoj|om dy }htoo

    }a :8 ola`afio| (}ho outa jtoj j| j lutto`ly

    u`ia` i| `a} tozuo|}om }a to~at})3 ae rhilh :>

    ~taimo mj}j a` j zujt}otky at fato etozuo`}

    dj|i|. ]ho |oo` E\I| i` }ho IFE \~olijk Mj}j

    Mi||ofi`j}ia` \}j`mjtm (\MM\)+ |udfi}}om a` j`

    o`lautjbom dj|i|+ jto jjikjdko ij }ho IFE|

    Mi||ofi`j}ia` \}j`mjtm| Dukko}i` Dajtm eat

    |oo` ae }ho B&4> ola`afio| }hj} jto \MM\

    |ud|ltidot|. ]ho E\I mj}j to~at}om tobukjtky }a

    }ho IFE hjo doo` i`}obtj}om i`}a }ho IFE

    Bkadjk Ei`j`lijk \}jdiki}y To~at}|}jt}i`b i`J~tik 4>::.

    I` @aofdot 4>::+ }ho IFE i| }a atbj`iwo j foo}i`b ae }hE\I| Toeoto`lo Btau~ ae Ox~ot}| }a mi|lu|| ~a||idko

    lhj`bo| i` }ho ki|} ae E\I| j`m }ho fo}hamakaby eat

    laf~iki`b }hof. ]ho ratc ~tabtjf eat }hoOibh}h Toior

    ae }ho IFE Mj}j \}j`mjtm| I`i}ij}io|+ |lhomukom eat }ho

    eit|} hjke ae 4>:4+ i`lkumo| }ho ~a||idiki}y ae |}to`b}ho`i`b

    }ho Mj}j \}j`mjtm|+ i`lkumi`b tobjtmi`b E\I|+ }htaubh }ho

    ~a||idko o|}jdki|hfo`} ae j hibhot }iot (\MM\&^ku|).

    ::.

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    =. Eut}hot i`o|}ibj}ia` ae }ho foj|uto| ae |y|}of&rimo

    fjlta~tumo`}ijk ti|c }a do u`mot}jco` dy }ho

    i`}ot`j}ia`jk laffu`i}y. J| j eit|} |}o~+ }ho DI\ j`m

    }ho IFE |haukm laf~ko}o }hoit ratc a` mooka~i`b

    foj|uto| ae jbbtobj}o kootjbo j`m fj}uti}y

    fi|fj}lho| i` }ho ei`j`lijk |y|}of+ mtjri`b a`

    i`~u}| etaf }ho Laffi}}oo a` }ho Bkadjk Ei`j`lijk

    \y|}of (LBE\) j`m }ho Dj|ok Laffi}}oo a`Dj`ci`b \u~oti|ia` (DLD\).

    ]ho IFE j`m }ho DI\ hjo molimom }hj} }ho DI\

    rikk ealu| i}| i`o|}ibj}ia` a` }ho dj`c| j`m }ho

    IFE a` }ho |hjmar dj`c|. Mtjri`b a` }ho DI\

    ID\ mj}j+ }ho DI\ hj| laf~ko}om i}| la`lo~}ujk

    ratc a` moei`i`b foj|uto| ae fj}uti}y

    fi|fj}lho| (eu`mi`b bj~|) a` dj`c|

    i`}ot`j}ia`jk djkj`lo |hoo}|. ]ho IFE i|

    laf~ko}i`b i}| la`lo~}ujk ratc a` fj}uti}yfi|fj}lh j`m kootjbo mj}j i` laa~otj}ia` ri}h

    }ho E\D }j|c eatlo a` |hjmar dj`ci`b. ]hi|

    E\D }j|c eatlo rj| o|}jdki|hom eakkari`b }ho

    tozuo|} }a }ho E\D dy }ho B&4> Kojmot| i`

    @aofdot 4>:> }a mooka~ tolaffo`mj}ia`| }a

    |}to`b}ho` }ho aot|ibh} j`m tobukj}ia` ae }ho

    |hjmar dj`ci`b |y|}of.

    IFE |}jee i`}o`m| }a laf~ko}o }hoit ratc |aa` je}ot

    Gu`o 4>::. ]ho ratc ae }ho DI\ a` dj`c| lj` do eut}hot

    o`hj`lom ie }ho LBE\ j~~tao| }ho o`hj`lofo`}| }a }ho

    ID\ mj}j (|oo tolaffo`mj}ia`| :> j`m ::).

    ?. ]ho LBE\ j`m }ho DI\ }a u`mot}jco eut}hot ratc i`

    lka|o laa~otj}ia` ri}h lo`}tjk dj`c| j`m tobukj}at|

    a` }ho laotjbo ae |}j}i|}il| a` }ho ltomi} moejuk}

    |rj~| (LM\) fjtco}| eat }ho ~ut~a|o ae if~tai`bu`mot|}j`mi`b ae ti|c }tj`|eot| ri}hi` }hi| fjtco}.

    ]ho LBE\ molimom }a ox~j`m }ho LM\ |}j}i|}il|

    i` \o~}ofdot 4>>9. To~at}i`b lo`}tjk dj`c|

    hjo ~taimom fato mo}jikom mj}j a` }ho }y~o ae

    lau`}ot~jt}io| etaf Gu`o 4>:>+ j`m rikk ~taimofato mo}jik a` }ho boabtj~hy ae lau`}ot~jt}io|

    j`m u`motkyi`b i`|}tufo`}| etaf Gu`o 4>::. I`

    }a}jk+ ::ola`afio| to~at} |ofi&j``ujk LM\

    mj}j ae rhilh |oo` jto B&4> ola`afio|. ]ho

    to~at}i`b ~a~ukj}ia` i| ox~ol}om }a ox~j`m dy

    }ra ola`afio| j} o`m&4>::+ ae rhilh a`o i| j

    B&4> ola`afy. ]ho DI\ lutto`}ky hj| `a ~kj`|

    }a j|c }ho tofji`i`b B&4> ola`afio| }a to~at}

    |ofi&j``ujk LM\ mj}j bio` }ho kifi}om |iwo ae

    }hoit fjtco}| i` LM\ la`}tjl}|.

    A`lo mj}j jto to~at}om eat o`m&Gu`o 4>:: }hi|

    tolaffo`mj}ia` rikk do la`|imotom laf~ko}om.

    5. \oluti}io| fjtco} tobukj}at| ratci`b }htaubh IA\LA}a eut}hot i`o|}ibj}o }ho mi|lka|uto tozuitofo`}| eat

    laf~kox |}tul}utom ~tamul}|+ i`lkumi`b ~udkil

    mi|lka|uto tozuitofo`}| eat ei`j`lijk to~at}i`b

    ~ut~a|o|+j`m fjco tolaffo`mj}ia`| eat jmmi}ia`jk

    if~taofo`}| ie `olo||jty+ }jci`b jllau`} ae ratc

    dy |u~oti|at| j`m a}hot tokoj`} damio|.

    I` J~tik 4>:>+ IA\LA ~udki|hom j to~at} a`J||o} Djlcom \oluti}io| (JD\) Mi|lka|uto

    ^ti`li~ko| ~taimi`b buimj`lo }a |oluti}io|

    tobukj}at| rha jto mooka~i`b at toiori`b }hoit

    tobukj}aty mi|lka|uto tobifo| eat ~udkil

    aeeoti`b| j`m ki|}i`b| ae JD\

    (h}}~7!!rrr.ia|la.atb!`or|). I` J~tik 4>::+

    IA\LA hokm }ho eit|} foo}i`b ae j `or \}j`mi`b

    Laffi}}oo a` Ti|c j`m To|ojtlh ri}h }ho

    ]hi| tolaffo`mj}ia` i| laf~ko}om.

    http://www.iosco.org/newshttp://www.iosco.org/news
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    2. Lo`}tjk dj`c| j`m+ rhoto tokoj`}+ |}j}i|}iljk aeeilo|+

    ~jt}ilukjtky }ha|o ae }ho B&4> ola`afio|+ }a

    ~jt}ili~j}o i` }ho DI\ mj}j lakkol}ia` a` |oluti}io|

    j`m la`}tidu}o }a }ho eut}hot mooka~fo`} ae }ho DI\&

    OLD&IFEHj`mdaaca` \oluti}io| \}j}i|}il| (H\\).

    ]ho Ratci`b Btau~ a` \oluti}io| Mj}jdj|o| }a

    mooka~ j`m if~kofo`} j laffu`ilj}ia`| |}tj}oby

    eat }hoH\\.

    ^jt} 4 (mod} |oluti}io| hakmi`b|) ae }ho

    DI\&OLD&IFEH\\ rj| ~udki|hom i` Jubu|}

    4>:>. ]hi| eakkarom ~udkilj}ia` ae jt} : (mod}

    |oluti}io| i||uo|) i` 4>>9. Ratc hj| |}jt}om a`

    ^jt} < (i||uo| j`m hakmi`b| ae ozui}y |oluti}io|).

    ]ho DI\ i| lakkol}i`b jjikjdko mj}j a` |oluti}io|

    etaf fofdot lo`}tjk dj`c|+ i`lkumi`b etaf :5

    B&4> ola`afio|.

    ^jt} < ae }hoH\\ i| ox~ol}om }a do ei`jkiwom jtau`m }ho o`

    ae ljko`mjt 4>::. ]ho DI\ i`}o`m| }a ox~j`m i}| laotjbo

    zujt}otky |oluti}io| i||uj`lo mj}j u|i`b }ho laffa`

    }of~kj}o }a jkk B&4> ola`afio| muti`b }ho tofji`mot ae

    4>::. ]ra eut}hot laffa` }of~kj}o|+ }a do jbtoom j} }ho

    i`}ot`j}ia`jk kook+ jto doi`b mooka~om i` laatmi`j}ia`

    ri}h }ho ratc a` |ol}atjk jllau`}|+ j`m la`|i|}o`} ri}h

    `j}ia`jk jllau`}| dj|om mj}j7 }ho i`}o`}ia` i| eat ola`afi}a |u~~ky }a }ho DI\ jmmi}ia`jk mo}jik a` |oluti}io| i||uj`l

    dy |ud|ol}at+ fj}uti}y+ j`m i`}oto|} tj}o3 j`m a` |oluti}io|

    hakmi`b| dy |ol}at. A`lo }ho|o }j|c| jto ei`jkiwom+ }hi|

    tolaffo`mj}ia` rikk do la`|imotom laf~ko}om.

    I`}ot`j}ia`jk @o}ratc La``ol}ia`|

    8. ]ho E\D }a i`o|}ibj}o }ho ~a||idiki}y ae if~taom

    lakkol}ia` j`m |hjti`b ae i`eatfj}ia` a` ki`cjbo|

    do}roo` i`miimujk ei`j`lijk i`|}i}u}ia`|+ i`lkumi`b

    }htaubh |u~oti|aty lakkobo jttj`bofo`}| j`m }ho

    i`eatfj}ia` oxlhj`bo doi`b la`|imotom eat lti|i|fj`jbofo`} ~kj``i`b. ]hi| ratc fu|} }jco muo

    jllau`} ae }ho if~at}j`} la`eimo`}ijki}y j`m kobjk

    i||uo| }hj} jto tji|om+ j`m oxi|}i`b i`eatfj}ia`

    |hjti`b jttj`bofo`}| jfa`b |u~oti|at|.

    ]ho E\D Ratci`b Btau~ a` Mj}j Bj~| j`m

    \y|}ofil Ki`cjbo| rj| |o} u~ }a }jco eatrjtm

    }ho ratc a` tolaffo`mj}ia`| 8 j`m 9. I}

    laf~ko}om i}| ratc+ i`lkumi`b mooka~i`b j

    laffa` mtje} }of~kj}o+ j`m to~at}om }a }ho E\D^ko`jty i` J~tik 4>::. ]ho kj}}ot j~~taom }ho

    ~ta~a|jk| }a ~tabto|| ratc a` j laffa`

    }of~kj}o }a i}| ei`jk eatf eat if~tai`b }ho

    lakkol}ia`+ j`m |hjti`b jfa`b tokoj`}

    ju}hati}io|+ ae mj}j a` bkadjk |y|}ofiljkky

    if~at}j`} ei`j`lijk i`|}i}u}ia`| (B&\IEI|). J

    la`|uk}j}ia` ~talo|| i| }a do u`mot}jco` }a

    ~taimo jmmi}ia`jk i`eatfj}ia` a` }ho la|}| j`m

    do`oei}| ae jk}ot`j}io a~}ia`|+ j| rokk j| a` }ho

    kobjk j|~ol}|. ]hi| rikk buimo }ho moli|ia` a` }ho

    ei`jk eatf j`m ~hj|om if~kofo`}j}ia` ae }ho

    laffa` }of~kj}o. ^to~jtj}aty ratc i| jk|alaffo`li`b a` |}to`b}ho`i`b mj}j&|hjti`b

    jttj`bofo`}| j`m ~ta}alak| ri}hi` }ho aeeilijk

    |ol}at+ i`lkumi`b j toior ae }ho kobjk j|~ol}|. I}

    hj| doo` jbtoom }a laffo`lo ~to~jtj}aty ratc

    a` }ho o|}jdki|hfo`} ae j lo`}tjk mj}j hud j} }ho

    DI\ }a |}ato }ho mj}j to~at}om dy `j}ia`jk

    ju}hati}io|.

    ]ho eakkar&u~ ratc }a }jco eatrjtm }ho au}lafo ae }ho

    E\D ^ko`jty hj| laffo`lom. J ~hj|om j~~tajlh i|

    o`i|jbom. Coy moli|ia`| jto ox~ol}om }a do }jco` dy }ho

    E\D ^ko`jty i` kj}o 4>:: a` }ho ei`jk eatf ae }ho laffa`

    }of~kj}o j`m }ho mj}j&|hjti`b jttj`bofo`}| jfa`b|u~oti|aty ju}hati}io| j`m ri}h }ho lo`}tjk mj}j hud3 j`m

    kj}o 4>:4 a` dtajmot mj}j |hjti`b jfa`b }ho aeeilijk |ol}a

    ]ho lakkol}ia` ae mj}j i| ox~ol}om }a |}jt} i` 4>:4 j`m+

    }htaubh j |otio| ae i`ltofo`}jk |}o~|+ do eukky a~otj}ia`jk

    dy o`m&4>:=. @or jbtoofo`}| fjy `oom }a do tojlhom }a

    ejliki}j}o }ho |hjti`b ae mj}j toloiom dy }ho mj}j hud. ]ho

    i`i}ijk ealu| ae }ho ratc a` j laffa` }of~kj}o eat B&\IE

    hj| doo` dj`c|+ du} ratc }a i`lkumo `a`dj`c ei`j`lijk

    i`|}i}u}ia`| i| |lhomukom }a |}jt} i` }ho lafi`b yojt.

    9. ]ho E\D+ i` lka|o la`|uk}j}ia` ri}h }ho IFE+}a

    la`o`o tokoj`} lo`}tjk dj`c|+ `j}ia`jk |u~oti|at|+

    j`m a}hot i`}ot`j}ia`jk ei`j`lijk i`|}i}u}ia`|+ }a

    mooka~ dy o`m&4>:> j laffa` mtje} }of~kj}o eat

    |y|}ofiljkky if~at}j`} bkadjk ei`j`lijk i`|}i}u}ia`|

    eat }ho ~ut~a|o ae do}}ot u`mot|}j`mi`b }ho ox~a|uto|ae }ho|o i`|}i}u}ia`| }a mieeoto`} ei`j`lijk |ol}at| j`m

    `j}ia`jk fjtco}|. ]hi| ratc |haukm do u`mot}jco` i`

    la`lot} ri}h tokj}om ratc a` }ho |y|}ofil

    if~at}j`lo ae ei`j`lijk i`|}i}u}ia`|. Rimo|~tojm

    la`|uk}j}ia` raukm do `oomom+ j`m muo jllau`} }jco`

    ae la`eimo`}ijki}y tuko|+ doeato j`y to~at}i`b

    etjforatc lj` do if~kofo`}om.

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    :>. Jkk B&4> ola`afio| jto o`lautjbom }a ~jt}ili~j}o i`

    }ho IFE| Laatmi`j}om at}eakia I`o|}fo`} \utoy

    (L^I\) j`m i` }ho DI\| i`}ot`j}ia`jk dj`ci`b

    |}j}i|}il| (ID\). ]ho IFE j`m }ho DI\ jto o`lautjbom

    }a la`}i`uo }hoit ratc }a if~tao }ho laotjbo ae

    |ib`ieilj`} ei`j`lijk lo`}ot| i` }ho L^I\ j`m ID\+

    to|~ol}ioky.

    Laotjbo ae |ib`ieilj`} ei`j`lijk lo`}ot| j`m ae

    a}hot ola`afio|+ i`lkumi`b B&4> ola`afio| i`

    }ho DI\ ID\ j`m }ho IFE L^I\ hj| la`}i`uom }a

    do baam jk}haubh eut}hot if~taofo`} i|

    `oomom. Eat }ho DI\ ID\+ }hoto jto eio B&4>

    ola`afio| }hj} ma `a} to~at} mj}j a` oi}hot j

    kalj}ia`jk at la`|akimj}om dj|i|3 j`m }hoto i| a`o

    kjtbo aee|hato lo`}to fi||i`b i` }ho to~at}i`b ae}ho kalj}ia`jk mj}j. Eat }ho L^I\+ }hoto jto }ra

    B&4> ola`afio| }hj} ma `a} to~at} mj}j3 j`m

    }hoto jto j |ib`ieilj`} `ufdot ae aee|hato

    lo`}ot| }hj} ma `a} to~at}+ }ho |jfo j| kj|} yojt.Eat }ho L^I\+ }ho IFE Laffi}}oo a` Djkj`lo ae

    ^jyfo`}| \}j}i|}il| (DA^LAF) jbtoom }a

    i`ltoj|o }ho etozuo`ly (etaf j``ujk }a |ofi

    j``ujk) j`m }ifoki`o|| (j mi||ofi`j}ia` kjb ae

    ko|| }hj` `i`o fa`}h|) ae }ho mj}j+ j`m }a lakkol}

    mj}j a` }ho i`|}i}u}ia`jk |ol}at ae }ho eatoib`

    mod}at a` j` o`lautjbom dj|i|. ]ho eit|} |o} ae

    o`hj`lofo`}| }a }ho DI\ ID\ hj| doo` j~~taom

    dy }ho LBE\.

    Da}h }ho DI\ j`m }ho IFE }a la`}i`uo ratci`b }a i`ltoj|o

    lau`}ty ~jt}ili~j}ia` i` }hoit |utoy|+ i`lkumi`b dy B&4>

    ola`afio|. ]ho LBE\ jm&hal btau~ eat |}j}i|}il| i|

    ratci`b a` j |ola`m |o} ae o`hj`lofo`}| }a ~to|o`} }a }ho

    LBE\ eat j~~tajk muti`b 4>::. If~taofo`}| i` }ho

    etozuo`ly+ }ifoki`o||+ j`m |la~o ae }ho L^I\ |utoy fjy

    if~kofo`}om i` }ifo eat }ho to~at}i`b ae 4>:< mj}j.

    ::. ]ho DI\ j`m }ho LBE\ }a la`|imot+ jfa`b a}hot

    if~taofo`}|+ }ho |o~jtj}o imo`}ieilj}ia` ae a`dj`c

    ei`j`lijk i`|}i}u}ia`| i` }ho la`|akimj}om dj`ci`b

    mj}j+ j| rokk j| i`eatfj}ia` tozuitom }a }tjlc eu`mi`b

    ~j}}ot`| i` }ho i`}ot`j}ia`jk ei`j`lijk |y|}of. ]ho

    IFE+ i` la`|uk}j}ia` ri}h }ho IFE| DA^LAF+ }a

    |}tio }a o`hj`lo }ho etozuo`ly j`m }ifoki`o|| ae }ho

    L^I\ mj}j+ j`m la`|imot a}hot ~a||idko

    o`hj`lofo`}|+ |ulh j| }ho i`|}i}u}ia`jk |ol}at ae }ho

    eatoib` mod}at.

    :4. ]ho IFE }a la`}i`uo }a ratc ri}h lau`}tio| }a

    i`ltoj|o }ho ufdot ae I`}ot`j}ia`jk I`o|}fo`}

    ^a|i}ia` (II^) to~at}i`b lau`}tio|+ j| rokk j| }ho

    zujt}otky to~at}i`b ae II^ mj}j. ]hoDjkj`lo ae

    ^jyfo`}| j`m I`}ot`j}ia`jk I`o|}fo`} a|i}ia`

    Fj`ujk+ |ix}h omi}ia`(D^F5) o`hj`lofo`}| }a }ho

    II^ |haukm do jma~}om dy B&4> ola`afio| j| |aa` j|

    eoj|idko.

    I` Fjtlh 4>:>+ }ho IFE Oxolu}io Dajtm

    molimom }a ~to|ltido eat |ud|ltidot| }a }ho IFE

    \MM\+ je}ot j eaut&yojt }tj`|i}ia` ~otiam+

    zujt}otky to~at}i`b (etaf j``ujk) ae }ho II^ mj}j+

    ri}h j fjxifuf kjb ae a`o zujt}ot (zujt}otky

    }ifoki`o||). Jfa`b }ho B&4> ola`afio|+ :>

    ola`afio| mi||ofi`j}o zujt}otky II^ mj}j+

    i`ltoj|i`b etaf oibh} j yojt jba. \ix ola`afio|

    hjo ~kj`| }a i`}tamulo zujt}otky to~at}i`b. ]a

    j||i|} if~kofo`}j}ia`+ i` Fjtlh 4>:: }ho IFE

    ~tamulom j ~jf~hko} }a jmi|o laf~ikot| a`zujt}otky II^ laf~ikj}ia`.

    IFE |}jee i| ratci`b ri}h ola`afio| }a if~kofo`} }ho

    Oxolu}io Dajtm moli|ia` a` }ho \MM\ dy \o~}ofdot 4>:

    IFE |}jee rikk o`lautjbo to~at}i`b dy }ho B&4> ola`afy

    }hj} mao| `a} mi||ofi`j}o II^ j| yo}+ j`m rikk i`}tamulo i`

    4>:4 }ho `or |~olieil tozuitofo`}| eat to~at}i`b mj}j

    la`|i|}o`} ri}hD^F5|}j`mjtm| i` la`|uk}j}ia` ri}h }ho

    DA^LAF.

    ::: }a mi|lu||

    }ho coy i||uo| j`m }ho rjy eatrjtm J| j eit|}

    Eakkari`b }ho Gj`ujty 4>:: Ratc|ha~+ }ho IJB ratci`b

    btau~ i| }a mooka~ j toeoto`lo malufo`}+ la`|uk}i`b ri}hfjgat |}jcohakmot| j`m mtjri`b a` }ho fj}otijk ~to|o`}om

    }a }ho Ratc|ha~. ]ho eit|} ~jt} ae }ho malufo`} rikk ealu|

    a` oaki`b u|ot tozuitofo`}|+ j`m laukm ~a||idky do tojm

    i` 4>:4

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    :=. ]ho IJB+ la`|uk}i`b ri}h }ho E\D+ }a toi|i} }ho

    tolaffo`mj}ia` ae }ho B&4> }a oxjfi`o }ho

    eoj|idiki}y ae mooka~i`b j |}j`mjtmiwom }of~kj}o

    laoti`b }ho i`}ot`j}ia`jk ox~a|uto| ae kjtbo

    `a`dj`c ei`j`lijk i`|}i}u}ia`|+ mtjri`b a` }ho

    ox~otio`lo ri}h }ho DI\| ID\ mj}j+ a}hot oxi|}i`b

    j`m ~ta|~ol}io mj}j |autlo|+ j`m la`|uk}i`b ri}h

    tokoj`} |}jcohakmot|.

    a` }ho i`}ot`j}ia`jk ox~a|uto| ae kjtbo `a`dj`c

    ei`j`lijk i`|}i}u}ia`| j` i`o`}aty ae mj}j a`

    lta||&datmot ~a|i}ia`| hj| doo` mooka~om. ]ho

    i`o`}aty rikk do fjmo jjikjdko }htaubh }ho

    ^BI rod|i}o dy fim&4>::.

    \ol}atjk j`m A}hot Ei`j`lijk j`m Ola`afil Mj}j|o}|

    :?. ]ho IJB+ rhilh i`lkumo| jkk jbo`lio| to~to|o`}om i`

    }ho I`}ot&\olto}jtij} Ratci`b Btau~ a` @j}ia`jk

    Jllau`}|+ }a mooka~ j |}tj}oby }a ~tafa}o }ho

    laf~ikj}ia` j`m mi||ofi`j}ia` ae }ho djkj`lo&|hoo}

    j~~tajlh (D\J)+ ekar&ae&eu`m|+ j`m |ol}atjk mj}j

    fato bo`otjkky+ |}jt}i`b ri}h }ho

    B&4> ola`afio|. Mj}j a` a`dj`c ei`j`lijk

    i`|}i}u}ia`| |haukm do j ~jt}ilukjt ~tiati}y. ]hoox~otio`lo ae }ho OLD j`m Outa|}j} ri}hi` Outa~o

    j`m }ho AOLM |haukm do mtjr` u~a`. I` }ho

    fomiuf }otf+ i`lkumi`b fato |ol}atjk djkj`lo |hoo}

    mj}j i` }ho mj}j lj}obatio| ae }ho \MM\ laukm do

    la`|imotom.

    J ratci`b btau~ hj| doo` ltoj}om u`mot }ho

    ju|~ilo| ae }ho IJB j`m kom dy }ho IFE. J`

    IFE!AOLM La`eoto`lo ae \ol}atjk Jllau`}|

    Ox~ot}| rj| la`mul}om a` Eodtujty 48Fjtlh

    4+ 4>:: i` Rj|hi`b}a` M.L.+ rhilh jbtoom a`

    }ho dj|il au}ki`o ae j to~at}i`b }of~kj}o+ j`m }ho

    }ifoetjfo j`m ~tiati}io| eat if~kofo`}j}ia`.

    ]ho IJB ratci`b btau~ rikk }jco eatrjtm }ho au}lafo| a

    }ho la`eoto`lo+ i`lkumi`b }ho mtje} to~at}i`b }of~kj}o+ j`m

    mooka~ j` if~kofo`}j}ia` ~kj` ri}h }ho i`}o`}ia` ae

    |}jt}i`b mj}j lakkol}ia` muti`b }ho lafi`b yojt. J| ejt j|

    ~a||idko }ho ratc rikk do i`}obtj}om ri}h }ho

    if~kofo`}j}ia` ae }ho \y|}of ae @j}ia`jk Jllau`}|4>>8

    (4>>8 \@J) allutti`b i` fj`y ola`afio| j} }ho |jfo }if

    ]ho to~at}i`b }of~kj}o rikk do ei`jkiwom j`m la`|uk}j}ia`|ri}h }ho `j}ia`jk ox~ot}| rikk do u`mot}jco`+ i`lkumi`b

    }htaubh tokoj`} AOLM ratci`b ~jt}io|. ]ho to~at}i`b

    etjforatc| eat tolaffo`mj}ia`| 2+ :4+ j`m :2 rikk do

    la`|i|}o`} ri}h }ho |ol}atjk jllau`}| etjforatc. ]ho IJB

    i| kaaci`b }a hy~otki`c jjikjdko |ol}atjk jllau`}| mj}j a`

    }ho ^BI rod|i}o. ]ho ratc ~tabtjf eat }hoOibh}h Toior

    ae }ho IFE Mj}j \}j`mjtm| I`i}ij}io|+ |lhomukom eat }ho

    eit|} hjke ae 4>:4+ i`lkumo| }ho ~a||idiki}y ae |}to`b}ho`i`b

    }ho Mj}j \}j`mjtm|+ i`lkumi`b i`}obtj}om |ol}atjk

    djkj`lo&|hoo} i`eatfj}ia`+ }htaubh }ho ~a||idko

    o|}jdki|hfo`} ae j hibhot }iot (\MM\&^ku|).

    :5. J| }ho tolaffo`mom if~taofo`}| }a mj}j |autlo|

    j`m lj}obatio| jto if~kofo`}om+ |}j}i|}iljk ox~ot}|

    }a |ooc }a laf~iko mi|}tidu}ia`jk i`eatfj}ia` (|ulh

    j| tj`bo| j`m zujt}iko i`eatfj}ia`) jka`b|imo

    jbbtobj}o eibuto|+ rhotoot }hi| i| tokoj`}. ]ho

    IJB i| o`lautjbom }a ~tafa}o ~tamul}ia` j`m

    mi||ofi`j}ia` ae }ho|o mj}j i` j etozuo`} j`m }ifoky

    fj``ot. ]ho AOLM i| o`lautjbom }a la`}i`uo i` i}|

    ]ho AOLM j`m Outa|}j} |o} u~ }ra ox~ot}

    btau~| i` ojtky 4>:: ri}h fofdot lau`}ty

    ~jt}ili~j}ia`. A`o btau~ i| }a i`o|}ibj}o }ho

    foj|utofo`} ae mi|~jti}io| i` j `j}ia`jk

    jllau`}| etjforatc (filta&fjlta)3 j`m }ho

    a}hot btau~ rikk i`o|}ibj}o }ho gai`} mi|}tidu}ia`

    ae i`lafo+ la`|uf~}ia`+ j`m rojk}h (filta).

    Ratc hj| |}jt}om j`m i| ~tabto||i`b rokk.

    ]ho filta&fjlta btau~ i| }a moei`o j laffa`

    fo}hamakaby j`m }a if~kofo`} ~ika} |}umio| ri}h to|uk}|

    ox~ol}om dy }ho o`m ae 4>:4. ]ho filta btau~ rikk

    u`mot}jco fo}hamakabiljk ratc a` }ho gai`} mi|}tidu}ia` a

    i`lafo+ la`|uf~}ia`+ j`m rojk}h ri}h to|uk}| ox~ol}om jk

    dy }ho o`m ae 4>:4.

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    rod|i}o laukm do jllo||om rj| i`ltoj|om ri}h

    `or I^ha`o j`m I^jm j~~kilj}ia`|+ j`m }ho

    tokoj|o ae j \}j}i|}iljk Mj}j j`m Fo}jmj}j

    oXlhj`bo (\MFX) rod |otilo }a ejliki}j}o

    laf~u}ot&}a&laf~u}ot jllo||. Muti`b Fjy

    4>::+ }ho ^BI rod|i}o rj| jllo||om dy i|i}at|

    etaf aot : guti|mil}ia`|.

    jto a`bai`b. Rjy| ae if~tai`b }ho oeeilio`lio| i` mj}j

    |u~~ky rikk la`}i`uo }a do i`o|}ibj}om+ i`lkumi`b }ho

    la`}i`uom ~tafa}ia` ae }ho \MFX |}j`mjtm| eat }ho

    mi||ofi`j}ia` ae aeeilijk |}j}i|}il|. Jk|a+ IFE |}jee i`}o`m|

    }a i`o|}ibj}o i`}obtj}i`b }ho B&4> mj}j|o}| mi||ofi`j}om a

    }ho ^BI rod|i}o ri}h }ho hi|}atiljk mj}j |otio| u`mot~i``i

    }ho B&4> Fu}ujk J||o||fo`} ^talo|| (FJ^) oxotli|o.Mj}j&|hjti`b jttj`bofo`}| }a do toiorom eat }ho `ox}

    to~at} etaf da}h j |u~~kiot j`m j u|ot ~ot|~ol}io.

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    :>9+ }ho Ei`j`lijk \}jdiki}y Dajtm (E\D) \olto}jtij} j`m I`}ot`j}ia`jkFa`o}jty Eu`m (IFE) |}jee ~to|o`}om }ho to~at} ]ho Ei`j`lijk Lti|i| j`m I`eatfj}ia` Bj~|

    }a }ho B&4> Ei`j`lo Fi`i|}ot| j`m Lo`}tjk Dj`c Baot`at|.]ho to~at}+ rhilh la`}ji`om

    4> tolaffo`mj}ia`| eat lka|i`b i`eatfj}ia` bj~| (}ho |a&ljkkom B&4> Mj}j Bj~| I`i}ij}io)+

    rj| o`mat|om j} }ho foo}i`b. I` Gu`o 4>:>+ E\D \olto}jtij} j`m IFE |}jee to~at}om djlc a`

    ~tabto||+ ri}h j la`lto}o ~kj` ae jl}ia`+ i`lkumi`b j }ifo}jdko+ }a jmmto|| ojlh ae }ho

    au}|}j`mi`b tolaffo`mj}ia`|.: ]ho ratc a` }ho B&4> Mj}j Bj~| I`i}ij}io rj| jk|a

    o`mat|om dy }ho IFE I`}ot`j}ia`jk Fa`o}jty j`m Ei`j`lijk Laffi}}oo (IFEL) j} i}|

    foo}i`b| i` 4>>9+ 4>:>+ j`m+ fato tolo`}ky+ i` J~tik 4>::. ]ho B&4> Ei`j`lo Fi`i|}ot| j`m

    Lo`}tjk Dj`c Baot`at| tozuo|}om j` u~mj}o dy Gu`o 4>::.

    4. ]ho ~to|o`} to~at} to|~a`m| }a }hi| tozuo|}. I} mo|ltido| }ho ~tabto|| }a mj}o+ }ho

    ~ta~a|om if~kofo`}j}ia` |lhomuko+ j`m }ho lhjkko`bo| jhojm. Fatoaot+ j |uffjty to~at}

    a` }ho IFE |}jee dikj}otjk la`|uk}j}ia`| ri}h B&4> `j}ia`jk ju}hati}io| i| ~to|o`}om i`

    J``ox :.

    ::+ ha|}om dy }ho IFE. Mo}jikom i`eatfj}ia` a` }hi| La`eoto`lo+ i`lkumi`b j |uffjty ae

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    :=

    dohjiat ae `j}ia`jk o`}i}io|. ]ho ratc hj| jk|a imo`}ieiom ki`cjbo| jlta|| }ho }hofo|. Eat

    oxjf~ko+ }ho |}to`b}ho`i`b ae mj}j a` lta||&datmot jl}ii}io| ae dj`c| i| ox~ol}om }a |u~~at}

    }ho j`jky|i| ae fj}uti}y fi|fj}lho| j`m kootjbo3 j`m ratc a` if~tai`b |oluti}io| mj}jraukm hok~ i` }ho mooka~fo`} ae |ol}atjk jllau`}|.

    5. Fa|} `a}jdky+ }htaubh }ho u|o ae i`}ot`j}ia`jkky&jbtoom |}j}i|}iljk |}j`mjtm|+ mj}j a`

    lta||&datmot ei`j`lijk ox~a|uto| lj` do ki`com ri}h }ho mafo|}il |ol}atjk jllau`}| mj}j }a

    duikm u~ j ~aroteuk ~il}uto ae ei`j`lijk i`}otla``ol}ia`| mafo|}iljkky j`m jlta|| datmot|+

    ri}h j ki`c djlc }a }ho tojk ola`afy }htaubh }ho |ol}atjk jllau`}|. @a`o}hoko||+ jlhioi`b

    |ulh j i|ia` rikk }jco }ifo.

    ]jdko 4. \}ykiwom Aotior ae }ho 4> Tolaffo`mj}ia`|

    La`lo~}ujk!|}j}i|}iljk etjforatc

    `oom| mooka~fo`}

    La`lo~}ujk!|}j}i|}iljk

    etjforatc| oxi|} j`m a`bai`b

    lakkol}ia` `oom| o`hj`lofo`}

    Duikm u~ ae ti|c

    i` }ho ei`j`lijk

    |ol}at

    , < (]jik ti|c i` }ho ei`j`lijk |y|}of

    j`m jtij}ia`| i` mi|}tidu}ia`| ae+

    j`m la`lo`}tj}ia`| i`+ jl}ii}y)

    , = (Jbbtobj}o Kootjbo j`m

    Fj}uti}y Fi|fj}lho|)

    , 5 (\}tul}utom ^tamul}|)

    , 4 (Ei`j`lijk \au`m`o|| I`milj}at|

    (E\I|))

    , ? (Ltomi} Moejuk} \rj~|)

    , 2 (\oluti}io| Mj}j)

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    II. ^TABTO\\ ]A MJ]O

    J. ^tabto|| a` }ho B&4> Tolaffo`mj}ia`|

    2. La`|imotjdko ~tabto|| hj| doo` fjmo a` if~kofo`}i`b }ho 4> tolaffo`mj}ia`|. ]hi|

    ~tabto|| toekol}| }ho if~o}u| bio` }a }ho B&4> Mj}j Bj~| I`i}ij}io }htaubh }ho to~oj}om

    o`mat|ofo`}| dy }ho B&4> Ei`j`lo Fi`i|}ot| j`m Lo`}tjk Dj`c Baot`at| j`m }ho IFEL+ j`m

    }ho rikki`b`o|| ae `j}ia`jk ju}hati}io| }a ~a|i}ioky ofdtjlo i}+ lafdi`om ri}h }ho baam

    i`|}i}u}ia`jk jttj`bofo`}| j} }ho i`}ot`j}ia`jk kook (da}h `or j`m o|}jdki|hom).

    8. ]ho ~tabto|| dy tolaffo`mj}ia` i| mo|ltidom i` }ho |uffjty }jdko jdao (]jdko :).Eitf ~tabto|| hj| doo` fjmo a` j `ufdot ae eta`}|.

    ]ho|o i`lkumo7

    Eat E\I| (tolaffo`mj}ia` 4)+ eakkari`b }ho IFE Oxolu}io Dajtm| moli|ia` }ai`lkumo |oo` E\I| i` }ho \MM\ a` j` o`lautjbom dj|i| ola`afio| eat }ho|o i`milj}at| jto `ar jjikjdko ij }ho IFE|

    Mi||ofi`j}ia` \}j`mjtm| Dukko}i` Dajtm.

    ]ho DI\ hj| laf~ko}om i}| i`i}ijk la`lo~}ujk ratc a` moei`i`b foj|uto| ae fj}uti}yfi|fj}lho| (eu`mi`b bj~|) a` dj`c| i`}ot`j}ia`jk djkj`lo |hoo}| u|i`b }ho ID\

    (tolaffo`mj}ia` =).

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    \oluti}io| \}j}i|}il| (H\\). ^jt} 4 ae }hoH\\ (mod} |oluti}io| hakmi`b|) hj| doo`

    ~udki|hom+ j`m ratc hj| |}jt}om eat ^jt} < (ozui}y |oluti}io| i||uo| j`m hakmi`b|).

    A` tolaffo`mj}ia`| 8 j`m 9+ }ho E\D Ratci`b Btau~ a` Mj}j Bj~| j`m \y|}ofilKi`cjbo| fjmo la`|imotjdko ~tabto|| i` j laf~kox j`m |o`|i}io eiokm+ ~tamuli`b i}|

    ei`jk to~at}. ]ho Ratci`b Btau~ mooka~om j laffa` mtje} to~at}i`b }of~kj}o }a

    lj~}uto }ho jl}ii}io| ae B&\IEI| j`m fjmo ~ta~a|jk| ri}h tobjtm }a mj}j jllo||. I`

    J~tik 4>::+ }ho E\D ^ko`jty jbtoom }a ~tabto|| }ho ratc a` }ho|o i||uo| }htaubh }ra

    ratc |}tojf|. ]ho IFE Oxolu}io Dajtm hj| jk|a mi|lu||om ~tabto|| a` }ho|o }ra

    tolaffo`mj}ia`|.

    A` tolaffo`mj}ia`| :> j`m ::+ }ho IFE DA^LAF hj| jbtoom }a i`ltoj|o }hoetozuo`ly (etaf j``ujk }a |ofi j``ujk) j`m }ifoki`o|| (j mi||ofi`j}ia` kjb ae ko||

    }hj` `i`o fa`}h|) ae }ho L^I\. Jk|a+ }ho LBE\ Ratci`b Btau~| eit|} |o} ae

    o`hj`lofo`}| }a }ho DI\ ID\ hj| doo` j~~taom dy }ho LBE\.

    Eat }ho II^ (tolaffo`mj}ia` :4)+ }ho `ufdot ae ola`afio| to~at}i`b zujt}otky II^mj}j i`ltoj|om }a 5= (j` i`ltoj|o ae :5 ola`afio| etaf j yojt jba)+ i`lkumi`b :>

    B&4> ola`afio| (j` i`ltoj|o ae }ra ola`afio| etaf j yojt jba). ]hi| mooka~fo`}

    rj| bio` if~o}u| dy }ho IFE Oxolu}io Dajtm| moli|ia` }a ~to|ltido zujt}otky II^

    mj}j to~at}i`b u`mot }ho \MM\ (etaf j``ujk) mj}j+ ri}h j fjxifuf kjb ae a`o

    zujt}ot (zujt}otky }ifoki`o||)+ je}ot j eaut&yojt }tj`|i}ia` ~otiam+ o`mi`b i` 4>:=.

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    laf~jtjdko baot`fo`} ei`j`lo mj}j roto jmmom (|oo

    rrr.~ti`li~jkbkadjki`milj}at|.atb ).

    9. Eat }ha|o tolaffo`mj}ia`| rhoto }ho la`lo~}ujk!|}j}i|}iljk etjforatc `oom|

    mooka~fo`} (tolaffo`mj}ia`| . IFE |}jee j~~tajlhom jkk B&4> ola`afio| eat dikj}otjk la`|uk}j}ia`|+ rhilh roto

    u`mot}jco` do}roo` \o~}ofdot 4>:> j`m Fjtlh 4>::. ]ho fji` }hofo| jti|i`b etaf }ha|o

    la`|uk}j}ia`| jto i`lkumom i` J``ox :.

    ::. Aotjkk+ j ~a|i}io ior ae }ho B&4> Mj}j Bj~| I`i}ij}io rj| to~at}om+ ri}h mj}j }a

    imo`}iey }ho duikm u~ ae ti|c| i` }ho ei`j`lijk |ol}at j`m u`mot|}j`m ei`j`lijk

    i`}otla``ol}om`o|| |oo` j| }ho hibho|} ~tiati}io| i` fj`y ola`afio|. ]hoto roto jk|ala`|i|}o`} fo||jbo| }hj} to|autlo la`|}tji`}| oxi|}+ }hj} }ho |~oom ae if~kofo`}j}ia` fjy

    jty jlta|| ola`afio|+ }hj} }hoto `oom| }a do la`|imotj}ia` ae }ho to~at}i`b dutmo` a` }ho

    ~tij}o |ol}at j`m }ho `j}ia`jk ju}hati}io|+ j`m }hj} }ho i`}ot`j}ia`jk jbo`lio| fu|} laa~otj}o

    lka|oky.

    http://www.principalglobalindicators.org/http://www.principalglobalindicators.org/http://www.principalglobalindicators.org/
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    jl}ii}io| jto la`|imotom }a do jfa`b }ho fa|} if~at}j`} ae }ho B&4> Mj}j Bj~|

    I`i}ij}io.

    ]ho E\I| Ox~ot} Toeoto`lo Btau~ foo}i`b i` @aofdot 4>:: j} rhilh }ho E\I ki|}rikk do toiorom j`m }ho ratc a` }jik ti|c| j`m kootjbo i` }ho ei`j`lijk |ol}at

    mi|lu||om.

    ]ho foo}i`b ae }ho IFE| Oxolu}io Dajtm i` }ho eit|} hjke ae 4>:4+ j} rhilho`hj`lofo`}| }a }ho IFE Mj}j \}j`mjtm| I`i}ij}io|+ i`lkumi`b }ho ~a||idiki}y ae

    if~kofo`}i`b j hibhot }iot (\MM\&^ku|)+ rikk do mi|lu||om. J `ufdot ae }ho mj}j|o}|

    }hj} jto ~a}o`}ijk lj`mimj}o| eat i`lku|ia` i` |ulh j hibhot }iot jto mtjr` etaf }ho

    B&4> Mj}j Bj~| I`i}ij}io+ |u~~at}i`b ~udkil mi|lka|uto ae ei`j`lijk |ol}at mj}j.

    ]ho mooka~fo`} j`m if~kofo`}j}ia` dy i`}ot`j}ia`jk jbo`lio| ae laffa` }of~kj}o|}a lakkol} mj}j|o}| eat rhilh |}j}i|}iljk etjforatc| jktojmy oxi|} j`m rha|o |}j}i|}il|

    jto i`}otki`com3 }ho|o i`lkumo }of~kj}o| eat |oluti}io|+ |ol}atjk jllau`}|+ j`m

    baot`fo`} ei`j`lo |}j}i|}il|. Jk|a+ ratc }a if~kofo`} laffa` to~at}i`b }of~kj}o|

    eat djkj`lo ae ~jyfo`}| j`m }ho II^ rikk }jco ~kjlo ri}h }ho la`ot|ia` ae }ho|o mj}j

    }a }ho `or i`}ot`j}ia`jk buimj`lo+ }hoD^F5. Aot }ho tofji`mot ae 4>::+ i} i|

    ox~ol}om }hj} jbtoofo`} rikk do tojlhom a` }ho|o laffa` }of~kj}o| jfa`b }ho

    i`}ot`j}ia`jk jbo`lio| i` la`|uk}j}ia` ri}h fofdot lau`}tio|.

    52

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    Moli|ia` }a kju`lh ratc a` mooka~i`b j Laffotlijk Tojk O|}j}o ^tilo|

    Hj`mdaac (tolaffo`mj}ia` :9).

    Outa|}j}

    Kj}ot i` 4>::E\I| Toeoto`lo Ox~ot} Btau~ foo}i`b (tolaffo`mj}ia`| 4+ ola`afio|3 jbtoofo`} a` }ho

    o`hj`lom |oluti}io| }of~kj}o| (tolaffo`mj}ia` 2).

    E\D ^ko`jty moli|ia` a` }ho laffa` }of~kj}o j`m i`i}ijk mj}j&|hjti`b

    jttj`bofo`}| eat B&\IEI| (tolaffo`mj}ia`| 8 j`m 9).

    LBE\ ratci`b btau~ j`m }ho |ola`m |o} ae o`hj`lofo`}| }a }ho DI\ ID\

    (tolaffo`mj}ia`| :> j`m ::).

    Jbtoofo`} a` }ho `or II^ j`m djkj`lo ae ~jyfo`}| to~at} eatf| }a if~kofo`}

    D^F5(tolaffo`mj}ia` :4).

    Jbtoofo`} a` }ho |ol}atjk jllau`}| }of~kj}o|3 hy~otki`c jjikjdko |ol}atjk

    jllau`}| mj}j }a }ho ^BI (tolaffo`mj}ia` :?).

    Jbtoofo`} a` }ho baot`fo`} ei`j`lo |}j}i|}il| laffa` to~at}i`b }of~kj}o eat u|o

    dy i`}ot`j}ia`jk jbo`lio| (tolaffo`mj}ia` :2). A`lo }hi| }of~kj}o i| if~kofo`}om

    j`m lau`}tio| |}jt} to~at}i`b+ }hi| tolaffo`mj}ia` rikk do la`|imotom laf~ko}om.

    Hj`mdaac a` To|imo`}ijk Tojk O|}j}o ^tilo| }a do ei`jkiwom (tolaffo`mj}ia` :9).

    IFE

    DI\+ OLD+ IFE

    E\D

    DI\

    IFE

    IFE+ AOLM

    IFE

    Outa|}j}

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    Ratci`b Btau~| jto kiji|i`b lka|oky }a o`|uto }hj} }ho i`mu|}ty la`|uk}j}ia` i| j| |faa}h j|

    toj|a`jdky ~a||idko. ]ho la`|uk}j}ia` a` }ho DI\ ID\ mj}j|o}| |}jt}om i` ojtky Gu`o 4>::.

    Eut}hotfato+ }ho ratc a` fj}uti}y fi|fj}lho| j`m kootjbo eat dj`c| jk|a tokio| a` }ho DI\ID\ mj}j j`m |a eut}hot ~tabto|| a` tolaffo`mj}ia` = fjy do ox~ol}om rho` }ho `or

    o`hj`lom ID\ mj}j dolafo jjikjdko.

    :2. ]ho la`lo~}| dohi`m }ho ID\ la`|akimj}om mj}j laukm jk|a ~taimo }ho fo}hamakaby

    eat }ho la`|akimj}om mj}j eat `a`dj`c ei`j`lijk lat~atj}ia`| j`m `a`ei`j`lijk lat~atj}ia`|

    (tolaffo`mj}ia` :::

    ratc|ha~ a` }hi| i||uo.8 ]ho ratc a` }ho la`|akimj}ia` la`lo~}| eat }ho B&\IEI| mj}j

    }of~kj}o| laukm hjo if~kilj}ia`| eat }ho fo}hamakabiljk ratc a` tolaffo`mj}ia` :< j`m

    eat }ho ratc a` E\I| (tolaffo`mj}ia` 4).

    :8. Eat }ho `j}ia`jk jllau`}|&dj|om mj}j|o}|+ }ho lo`}ot~iolo ae }ho ratc i| }ho

    mooka~fo`} ae }ho |ol}atjk jllau`}|. J `ufdot ae }ho a}hot tolaffo`mj}ia`| jto tokj}om }a

    tolaffo`mj}ia` :?7 }ho|o i`lkumo }ho tolaffo`mj}ia`| tokj}i`b }a }ho II^

    (tolaffo`mj}ia` :4)+ baot`fo`} ei`j`lo |}j}i|}il| (tolaffo`mj}ia` :2)+ j`m |oluti}io|

    |}j}i|}il| (tolaffo`mj}ia` 2). Jkk ae }ho|o a}hot tolaffo`mj}ia`| rikk hok~ }a o`hj`lo }ho

    |ol}atjk jllau`}| mj}j.

    :9. I` jmmi}ia` }a tolaffo`mj}ia` :?+ }ho ratc a` |oluti}io| mj}j lj` |u~~at} }ho ratc

    a` }ho tolaffo`mj}ia`| a` }ho L^I\ (tolaffo`mj}ia`| :> j`m ::)+ }ho II^+ baot`fo`}

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    4:. Ei`jkky+ }ho tolo`} lti|i| hj| |oo` ~to||uto a` |afo |}j}i|}iljk jbo`lio| }a i`ltoj|o }ho

    }ifoki`o|| ae }ho mj}j ~taimom }a ~akilyfjcot| j`m }ho ~udkil. ]ho `oom eat }ifoky

    i`eatfj}ia` i| tolab`iwom+ rhiko ~to|oti`b mj}j zujki}y.

    IU. LHJKKO@BO\ J@M I@\]I]_]IA@JK JTTJ@BOFO@]\

    44. Muti`b }ho dikj}otjk la`|uk}j}ia`| ri}h B&4> `j}ia`jk ju}hati}io|+ i`lkumi`b j} }ho

    \o`iat Aeeilijk| la`eoto`lo+ j `ufdot ae lhjkko`bo| roto imo`}ieiom i` if~kofo`}i`b }ho

    B&4> Mj}j Bj~| I`i}ij}io. \afo ae }ho|o lhjkko`bo| hjm doo` imo`}ieiom i` }ho Fjy 4>:>

    ^tabto|| To~at}+ du} j| }ho tolaffo`mj}ia`| dobi` }a do }ut`om i`}a la`lto}o j`m ~tjl}iljk

    jl}ia`|+ }ho lhjkko`bo| hjo dolafo lkojtot. ]hi| |ol}ia` |o}| au} }ho fji` lhjkko`bo|

    imo`}ieiom j`m toior| }ho i`|}i}u}ia`jk jttj`bofo`}| eat }ho ratc jhojm.

    J. To|autlo|

    4 Mj}j Bj~| I`i}ij}io jto i`oi}jdky j` i||uo. Aotjkk+ }ho i`i}ij}io mao|

    jmm fji`ky }a }ho ratc kajm ae laf~ikot|. @a`o}hoko||+ i} rj| tolab`iwom j} }ho \o`iatAeeilijk| la`eoto`lo }hj} }ho tolo`} oo`}| hjm mofa`|}tj}om }ho `oom }a |}to`b}ho` }ho mj}j

    i`etj|}tul}uto j| }ho la|} ae `a} hji`b }ho tokoj`} i`eatfj}ia` ~taom }a do hibh.

    4=. To|autlo jkkalj}ia` moli|ia`| jto }ho to|~a`|idiki}y ae }ho `j}ia`jk ju}hati}io| j`m

    `j}ia`jk ~tiati}io| jty Jk|a mieeoto`} ola`afio| ejlo mieeoti`b litluf|}j`lo| j`m }hi| rikk

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    B&4> Mj}j Bj~| I`i}ij}io |haukm do laatmi`j}om ri}h a}hot B&4> i`i}ij}io| }hj} i`ako }ho

    ~tai|ia` ae mj}j. I` }hi| tobjtm+ fj`y `j}ia`jk ju}hati}io| o`lautjbom i`}ot`j}ia`jk jbo`lio|

    }a o`|uto }hj}+ }a }ho ox}o`} ~a||idko+ mj}j tozuo|}| jto la`|i|}o`} ri}h i`}ot`j}ia`jk |}j`mjtm|.]hi| i| ~jt}ilukjtky tokoj`} eat oxotli|o| kico }ho B&4> FJ^ }hj} laf~jto| mj}j jlta|| B&4>

    ola`afio|.

    42. Jk|a+ |afo `j}ia`jk ju}hati}io| of~hj|iwom }ho `oom }a i`}obtj}o }ho B&4> Mj}j Bj~|

    I`i}ij}io }a }ho ox}o`} ~a||idko ri}h }ho if~kofo`}j}ia` |lhomuko ae }ho `or i`}ot`j}ia`jk

    |}j}i|}iljk fj`ujk|+ ~jt}ilukjtky }ho 4>>8 \@J j`m }hoD^F5. Eat }hi| toj|a` }ho

    if~kofo`}j}ia` ae }ho |ol}atjk jllau`}| i| la`lutto`} ri}h }ho }ifo}jdko eat }ho lau`}tio|

    if~kofo`}j}ia` ae }ho 4>>8 \@J3 j`m }ho if~kofo`}j}ia` ae L^I\ i| |lhomukom eat 4>: Mj}j Bj~| I`i}ij}io }a

    duikm i` ekoxidiki}y i` }ho }ifo}jdko| eat if~kofo`}j}ia` }a toekol} mieeoti`b `j}ia`jk

    litluf|}j`lo| j`m ~tiati}io|. J| j dtajm |}j}ofo`}+ ofotbi`b ola`afio| jto kicoky }a `oom j

    ka`bot kojm }ifo eat |afo ae }ho tolaffo`mj}ia`| }hj` jmj`lom ola`afio|. Jk|a+ jkktolaffo`mj}ia`| jto `a} `olo||jtiky tokoj`} eat jkk ola`afio|eat i`|}j`lo }ho

    tolaffo`mj}ia` a` LM\ i| tokoj`} eat }ha|o ola`afio| ri}h |ib`ieilj`} fjtco}| i` }ho|o

    i`|}tufo`}|.

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    4. J ltulijk zuo|}ia` tokj}o| }a ~a}o`}ijk jllo|| }a mj}j. ]a u`mot}jco fjlta~tumo`}ijk

    j`jky|i|+ i`lkumi`b mooka~i`b `o}ratc famok| }a u`mot|}j`m }ho }tj`|fi||ia` lhj``ok|+ }jik

    ti|c| j`m ofotbi`b uk`otjdiki}io| i` }ho |y|}of+ jllo|| }a fato btj`ukjt mj}j i| o||o`}ijk.

    Ei`j`lijk mj}j mi|jbbtobj}om dy lau`}ty+ |ol}at+ i`|}tufo`}+ fj}uti}y+ j`m lutto`lymo`afi`j}ia` raukm ejliki}j}o }ho imo`}ieilj}ia` ae i`}oto|} tj}o j`m oxlhj`bo&tj}o ti|c|+

    fj}uti}y fi|fj}lho| at eu`mi`b bj~|+ j`m }ho ~a}o`}ijk eat |~ikkaot| jlta|| |ol}at| j`m

    jlta|| datmot|. ]ho B&4> tolaffo`mj}ia`| tobjtmi`b }ho DI\ ID\ j`m IFE L^I\ mj}j|o}|

    j`m }ho ofotbi`b B&\IEI| }of~kj}o }a jtyi`b mobtoo| i`lkumo |ulh dtojcmar`|. I`moom+ }ho

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    ju}hati}io| fjy }jco eut}hot jl}ia`| }a |u~~at} o`hj`lom ~udkil mi|lka|uto| dy ei`j`lijk

    eitf|+ i`lkumi`b i` }ho la`}ox} ae }ho Dj|ok Jllatm|.::

    = ola`afio| j`m

    IJB fofdot|.

    M. I`}ot`j}ia`jk Laatmi`j}ia`

    ==. ]ho i`|}i}u}ia`jk |}tul}uto }hj} rj| mooka~om }a }jco eatrjtm }ho B&4> Mj}j Bj~|I`i}ij}io hj| ~taom oeeol}io i` laatmi`j}i`b }ho ratc j} }ho i`}ot`j}ia`jk kook+ `a} koj|} }a

    kootjbo to|autlo| j`m fi`ifiwo la|}|.

    =?. Kojm jbo`lio| hjo doo` j~~ai`}om }a }jco to|~a`|idiki}y eat i`miimujk

    tolaffo`mj}ia`|. \}jee etaf }ho IFE j`m }ho E\D \olto}jtij} hjo laa~otj}om lka|oky i`

    aot|ooi`b }ho rhako ~tabtjf+ j`m ~taimom j``ujk u~mj}o| a` ~tabto|| }a }ho B&4> Ei`j`lo

    Fi`i|}ot| j`m Lo`}tjk Dj`c Baot`at|.

    =5. Fa|} ae }ho laatmi`j}ia` ratc hj| doo` u`mot}jco` }htaubh }ho IJB+ ri}h }ho

    oxi|}i`b tokoj`} damio|+ |ulh j| }ho DA^LAF+ }ho E\D+ j`m }ho LBE\ }jci`b }ho moli|ia`|

    eat }ho mj}j|o}| u`mot }hoit to|~a`|idiki}y. ]ho foo}i`b| ae |o`iat aeeilijk| hjo jk|a ~taom

    oeeol}io i` dti`bi`b }ho dib ~il}uto imoj| i||uo| j`m ~tiati}io| i` jmj`lo ae }ho to~at}| }a

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    U. RJY EATRJTM

    ?>. ]jdko :+ eakkari`b }ho Oxolu}io \uffjty+ to~at}| a` ~tabto|| j`m }ho ~ta~a|om

    ratc ~tabtjf bai`b eatrjtm eat if~kofo`}i`b }ho B&4> Mj}j Bj~| I`i}ij}io.

    ?:. ]hi| to~at} j|c| eat }ho o`mat|ofo`} dy }ho B&4> Ei`j`lo Fi`i|}ot| j`m Lo`}tjk

    Dj`c Baot`at| ae }ho|o ~ta~a|om jl}ia` ~kj`| j`m }ifo}jdko|.

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    42

    J``ox :. \uffjty ae Fji` ]hofo| etaf }ho La`|uk}j}ia`| ri}h B&4> Ola`afio|

    ]ho Ei`j`lijk Lti|i| j`m I`eatfj}ia` Bj~|7 ^tabto|| To~at}+ Jl}ia` ^kj`|+ j`m ]ifo}jdko|

    (Fjy 4>:>)+ rj| ~to|o`}om }a j`m o`mat|om dy }ho B&4> Ei`j`lo Fi`i|}ot| j`m Lo`}tjk Dj`c

    Baot`at| i` Gu`o 4>:>. I} o`i|jbom }hj} IFE |}jee raukm la`|uk} ri}h }ho ju}hati}io| a` }ho

    lhjkko`bo|+ to|autlo if~kilj}ia`|+ j`m to~at}i`b i`akom i` if~kofo`}i`b }ho jl}ia` ~kj`|

    |o} au} i` }ho `a}om ~tabto|| to~at}. IFE |}jee u`mot}aac dikj}otjk la`|uk}j}ia`| ri}h B&4>

    ola`afio| muti`b }ho ~otiam \o~}ofdot 4>:> }a Fjtlh 4>::+ i`lkumi`b j} j \o`iat Aeeilijk|

    la`eoto`lo a` Fjtlh :: j} IFE Hojmzujt}ot|.

    ]ho mi|lu||ia`| ealu|om a` }ra j|~ol}|7 }ho fji` mj}j bj~| imo`}ieiom dy }ho `j}ia`jkju}hati}io|3 j`m j mi|lu||ia` ae }ho |~olieil tolaffo`mj}ia`|+ mi|}i`bui|hi`b do}roo`7

    ]ha|o tolaffo`mj}ia`| eat rhilh }ho la`lo~}ujk!|}j}i|}iljk etjforatc `oom|mooka~fo`}+ j`m

    ]ha|o tolaffo`mj}ia`| eat rhilh la`lo~}ujk!|}j}i|}iljk etjforatc| oxi|} j`ma`bai`b lakkol}ia` `oom| o`hj`lofo`}.

    IFE |}jee mo|ltidom }ho a`bai`b ~tabto|| doi`b fjmo dy }ho i`}ot`j}ia`jk laffu`i}y a` }ho

    eit|} |o} ae tolaffo`mj}ia`| j`m+ i` jmj`lo ae }ho la`|uk}j}ia`|+ imo`}ieiom eat }ho |ola`m

    |o} }ho lutto`} to~at}i`b ~tjl}ilo| ae ojlh ola`afy la`|uk}om.

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    48

    lau`}tio|. ]hi| toekol}| mieeoto`lo| i` }ho if~jl} j`m `j}uto ae }ho bkadjk lti|i| j`m i` zujki}y

    mifo`|ia`| (i`lkumi`b laotjbo+ |la~o+ }ifoki`o||+ etozuo`ly+ jllo||idiki}y+ j`m

    laffu`ilj}ia`) ae oxi|}i`b mj}j|o}|. J| j to|uk}+ `j}ia`jk ju}hati}io| la`|imotom }hj} jl}ia`~kj`| j`m }ifoetjfo| }a jmmto|| mj}j bj~| `oom }a do ekoxidko j`m ~tjbfj}il+ tolab`iwi`b7

    ]ho la`mi}ia`| j`m lj~jli}io| i` mieeoto`} lau`}tio|3 j`m La|}!do`oei} }tjmo&aee|.Tolab`iwi`b }ho i`}otki`cjbo| jlta|| }ho B&4> tolaffo`mj}ia`|+ la`|uk}om ju}hati}io|

    u`mot|latom }ho `oom }a fjco ~jtjkkok ~tabto|| i` }ho if~kofo`}j}ia` ae }ho tolo`}ky u~mj}om|}j}i|}iljk fo}hamakabio|+ `jfoky7 }ho 4>>8 \@J+ }ho D^F5+ j`m }ho BE\F 4>>:.

    Fatoaot+ i} rj| la`|imotom if~at}j`} }a if~tao }ho j`jky|i| ae oxi|}i`b mj}j j`m tolab`iwo

    }hj} fato mj}j fjy `a} jkrjy| do }ho do|} j`|rot.

    D. Ofotbi`b Laffa` ^tiati}io|

    ]hoto rj| j kjtbo mobtoo ae la`|o`|u| aot }ho fji` mj}j bj~|7 }ha|o tokj}om }a ei`j`lijk

    i`}otla``ol}om`o|| (mafo|}il j`m lta||&datmot)+ j`m }ho duikm u~ ae ti|c i` }ho ei`j`lijk

    |ol}at fato bo`otjkky+ i`lkumi`b |hjmar dj`ci`b.

    Lta||&datmot ei`j`lijk i`}otla``ol}om`o||

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    49

    Eut}hot+ eat |afo ola`afio|+ if~tai`b i`eatfj}ia` a` lta||&datmot ox~a|uto| do}roo`

    aee|hato ei`j`lijk o`}i}io| j`m mafo|}il `a`ei`j`lijk lat~atj}ia`| i| jk|a if~at}j`}.

    Mafo|}il ei`j`lijk i`}otla``ol}om`o||

    Fj`y B&4> ola`afio| la`|uk}om bjo j hibh ~tiati}y }a if~tai`b |ol}atjk jllau`}|+

    ~jt}ilukjtky |ol}atjk djkj`lo&|hoo} mj}j. \ulh mj}j hok~| do}}ot u`mot|}j`m ei`j`lijk

    la``ol}ia`| ri}hi` }ho ola`afy+ tojk j`m ei`j`lijk ki`cjbo|+ j`m }ho tako ~kjyom dy `a`dj`c

    ei`j`lijk i`|}i}u}ia`| i` }ho ei`j`lijk |ol}at. Jk|a+ j| a`o lau`}ty ju}hati}y mo|ltidom+ rhiko

    ekar| ~taimo j |`j~|ha} ae mooka~fo`}| i` }ho ~j|}+ djkj`lo&|hoo} mj}j ~taimo j do}}ot

    buimo }a eu}uto mooka~fo`}|+ j| |}alc mj}j to~to|o`} lufukj}io mooka~fo`}|.

    Ei`j`lijk |ol}at

    ]ho if~at}j`lo ae if~tai`b }ho mj}j jjikjdko a` `a`dj`c ei`j`lijk i`|}i}u}ia`|rj|

    tolab`iwom }a do}}ot u`mot|}j`m }hoit tako i` }ho ei`j`lijk |y|}of. I` j `ufdot ae lau`}tio|+

    }ho|o i`|}i}u}ia`| jto btari`b i` if~at}j`lo+ j`m }ho djkj`lo ae |y|}ofil tokoj`lo do}roo`

    dj`c j`m `a`dj`c ei`j`lijk i`|}i}u}ia`| lj` |hie} aot }ifo. Eat i`|}j`lo+ `or at|}to`b}ho`om tobukj}ia`| a` }ho eatfjk dj`ci`b |y|}of laukm ~u|h fato ei`j`lijk

    i`}otfomij}ia` jl}ii}y i`}a }ho |hjmar dj`ci`b |y|}of+ jd|o`} eut}hot ~akily jl}ia` }a aee|o}

    }hi|.

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    Baot`fo`} ei`j`lo |}j}i|}il|

    ]ho `oom }a u~btjmo ei|ljk mj}j rj| tolab`iwom i` j `ufdot ae ola`afio|. ]hi| i`lkumo| }homooka~fo`} ae jlltujk&dj|om mj}j }a bo} j do}}ot hj`mko a` to|autlo| ekar|+ laotjbo }a

    i`lkumo |}j}o j`m kaljk baot`fo`}+ j`m }ifoki`o|| j`m etozuo`ly. Haroot+ }hi| ratc

    i`ako| j |ib`ieilj`} laffi}fo`} dy }ho ju}hati}io| dolju|o ae }ho `oom }a lhj`bo I]

    |y|}of| j`m }ho rimo tj`bo ae baot`fo`} o`}i}io| }hj} oxi|} i` |afo ola`afio|. I` |afo

    ola`afio| }ho|o o`hj`lofo`}| jto ki`com }a j dtajmot ~udkil ~akily ae if~tai`b

    }tj`|~jto`ly.

    L. A}hot Tokj}om I||uo|

    Mj}j laffu`ilj}ia`!}tj`|~jto`ly

    ]ifoky+ laf~toho`|io+ j`m laf~jtjdko mj}j ri}h u|ot&etio`mky fo}jmj}j jto i`|}tufo`}jk }a

    }ho |ullo|| ae }ho B&4> Mj}j Bj~| I`i}ij}io. I` }hi| la``ol}ia`+ }ho ^BI rod|i}o rj|

    roklafom j`m la`|imotom j` oxlokko`} oxjf~ko ae laa~otj}ia` jfa`b i`}ot`j}ia`jk

    i`|}i}u}ia`| i`akom i` |}j}i|}iljk ratc. Ka`bot j`m fato hafabo`oau| (lta||&lau`}tylaf~jtjdko) }ifo |otio| jto mo|itjdko+ j`m laukm do ki`com ri}h }ho hi|}atiljk mj}j u`motkyi`b

    }ho B&4> FJ^ oxotli|o.

    \afo ola`afio| |jr j `oom }a if~tao }hoit laffu`ilj}ia` ri}h mj}j u|ot|.

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    >9. ]ho

    la`|uk}j}ia`| toojkom }hj} ola`afio| jto la`}i`ui`b i` }hoit oeeat}| }a if~tao }ho

    jjikjdiki}y ae E\I mj}j. A`o B&4> ola`afy mao| `a} ~taimo E\I mj}j eat tomi||ofi`j}ia` dy

    }ho IFE.

    I`ltoj|i`bky fa|} ae }ho lato E\I| jto laf~ikom j`m mi||ofi`j}om+ jk}haubh j `ufdot ae

    ola`afio| ma `a} mi||ofi`j}o mj}j a` }ho `o} a~o` eatoib` oxlhj`bo ~a|i}ia`. Jfa`b }ho

    o`lautjbom E\I|+ }ho do|} laotjbo i| eat mo~a|i} }jcot|. Bj~| i` `a`dj`c ei`j`lijk

    i`|}i}u}ia`| laotjbo roto `a}om dy |afo. ]ho etozuo`ly ae }ho to~at}om E\I mj}j jtio| etaf

    ola`afy }a ola`afy j`m dy }y~o ae i`|}i}u}ia`| laotom. Mj}j eat mo~a|i} }jcot| jto

    i`jtijdky }ho fa|} etozuo`}+ j`m mj}j fjy do jjikjdko a` j fa`}hky+ zujt}otky+ |ofi&j``ujk+

    j`m j``ujk dj|i| ]hoto i| j }to`m }arjtm| i`ltoj|i`b etozuo`ly |ulh j| fai`b }a zujt}otky

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    lau`}tio|

    }a to~at} |oluti}io| mj}j.

    Rhiko j eor B&4> ola`afio| hjo baam laotjbo+ }hoto i| |afo rjy }a ba i` fj`y B&4>

    lau`}tio|+ j`m }hoto jto j `ufdot ae lhjkko`bo|. ]ho|o lhjkko`bo| i`lkumo mooka~i`b

    |y|}of| }a lakkol} j`m laf~iko }ho u`motkyi`b mj}j+ ri}h |afo la`|imoti`b fai`b }a j

    |oluti}y&dy&|oluti}y |y|}of }a |u~~at} }hi| ratc3 laatmi`j}ia` jfa`b mieeoto`} jbo`lio|+

    |ulh j| }ho lo`}tjk dj`c j`m }ho |oluti}io| tobukj}at3 if~tai`b }ho laotjbo j`m mo}jik ae

    mj}j |ulh j| rimo`i`b etaf }ho baot`fo`} |oluti}io| }a }ho dtajmot ~tij}o |ol}at j`m etaf

    mafo|}il lutto`ly }a eatoib` lutto`ly3 j`m i`ltoj|i`b etozuo`ly+ ri}h |afo B&4> ola`afio|

    ~taimi`b j``ujk mj}j du} kaaci`b i`}a }ho ~a||idiki}y ae to~at}i`b zujt}otky mj}j.

    Rhiko }hoto i| bo`otjk tolab`i}ia` ae }ho if~at}j`lo ae |oluti}io| mj}j+ `a} koj|} dolju|o }ho

    mj}j lj` do u|om i` j rimo tj`bo ae mj}j|o}|+ }ho ~tiati}y bio` }a }hi| ratc jtio| jlta||

    B&4> ola`afio|.

    Tolaffo`mj}ia`| :> j`m ::7 I`}ot`j}ia`jk Dj`ci`b \}j}i|}il| (ID\)

    Fa|} B&4> ola`afio| ~taimo ID\ mj}j }a }ho DI\. ]ha|o B&4> ola`afio| }hj} ma `a} to~at}+

    jto la`|imoti`b to~at}i`b+ j`m jto i` mi|lu||ia`| ri}h }ho DI\. Rhiko `a moli|ia`| hjo doo`

    fjmo+ }ho if~to||ia` bji`om i` }ho dikj}otjk la`|uk}j}ia`| rj| }hj} }hoto i| i`}oto|} i` kaaci`b

    i`}a }ho ~a||idiki}y ae gai`i`b }ho DI\ |utoy.

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    ola`afio|

    }a if~tao }ho jjikjdiki}y j`m zujki}y ae tojk o|}j}o ~tilo| dolju|o ae }ho tokoj`lo ae }ho|o

    mj}j eat fjlta~tumo`}ijk ~akily j`jky|i|. I` ~jt}ilukjt+ lau`}tio| roto i`}oto|}om i`

    u`mot|}j`mi`b hau|i`b rojk}h }to`m| |a j| }a j||o|| }ho duikm u~ ae ti|c| j`m uk`otjdiki}io|

    i` }hi| |ol}at+ ri}h ~a}o`}ijk rimot ola`afil j`m ei`j`lijk if~kilj}ia`|.

    \u~~at} rj| |har` dy lau`}tio| eat }ho mooka~fo`} ae laf~jtjdko mj}j a` tojk o|}j}o ~tilo

    i`milo|. Jtoj| ae i`}oto|} i`lkumo }ho jkuj}ia` ae to|imo`}ijk kj`m j`m mrokki`b|+ j`m }ho

    jkuo ae laffotlijk tojk o|}j}o. ]ho mi|lu||ia`| jk|a tji|om }ho if~at}j`lo ae lakkol}i`b~tilo mj}j a` oxi|}i`b j`m `or tojk o|}j}o+ j`m }ho jdiki}y }a mieeoto`}ij}o do}roo` hau|o| j`m

    j~jt}fo`}|. J `ufdot ae lau`}tio| jk|a `a}om i`}oto|} i` j`jkywi`b lj~i}jk li}y j`m tobia`jk

    ~tilo }to`m|.

    Rhiko }ho lutto`} laf~ikj}ia` ~tjl}ilo| jty jlta|| lau`}tio|+ }hoto rj| dtajm la`|o`|u| }hj}

    }ho ratc }a ei`jkiwo }hoHj`mdaac a` To|imo`}ijk ^ta~ot}y ^tilo I`milo| i` kj}o 4>:: raukm

    do ae j||i|}j`lo. ]hoto rj| jk|a |u~~at} eat mi|lu||ia`| }a do hokm ri}h ~tij}o |ol}ato`mat| |a j| }a o`|uto }hj} zujki}y ae to~at}i`b i| jlhioom.

    Tolaffo`mj}ia` 4>7 ^ti`li~jk Bkadjk I`milj}at|(^BI)

    Muti`b }ho dikj}otjk la`|uk}j}ia`| ri}h }ho B 4> ola`afio| }ho `j}ia`jk ju}hati}io|

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    >8 \@J ~taimo| }ho lato etjforatc eat }ho tolatmi`b ae to|imo`lo&dj|om |}j}i|}il|. I}|

    fji` eoj}uto| toeot }a }ho moei`i}ia` ae i`|}i}u}ia`jk u`i}| j`m |ol}at|+ }ho mi|}i`l}ia` do}roo`

    ~a|i}ia`|+ }tj`|jl}ia`| j`m a}hot ekar|+ }ho bo`otjk la`lo~} ae fjtco} jkuj}ia`+ j`m }ho

    zujmtu~ko o`}ty ~ti`li~ko.

    ]hi| j``ox ~to|o`}| i` j |y`a~}il fj}tix }ho i`}otki`cjbo| do}roo` }ho B&4> Mj}j Bj~|

    I`i}ij}io tolaffo`mj}ia`| }hj} mtjr a` }ho la`lo~}ujk etjforatc ae }ho 4>>8 \@J.]ho|o

    jto |oluti}y |}j}i|}il| (Tolaffo`mj}ia` 2)+ }ho II^ (Tolaffo`mj}ia` :4)+ |ol}atjk jllau`}|

    (Tolaffo`mj}ia` :?)+ j`m baot`fo`} ei`j`lo |}j}i|}il| (Tolaffo`mj}ia` :2). ]ho fj}tixu|o| }ho ei`j`lijk jllau`}!ei`j`lijk djkj`lo |hoo} ae }ho \@J i`}obtj}om |ol}at jllau`}| j| }ho

    atbj`iwi`b etjforatc.

    J| ikku|}tj}om i` }ho fj}tix+ }ho \@J ~taimo| j u`ieyi`b etjforatc eat }ho a}hot |}j`mjtm|

    ekari`b etaf i} (}ho fa`o}jty j`m ei`j`lijk |}j}i|}il|+ |oluti}io| |}j}i|}il|+ }ho II^+ j`m

    baot`fo`} ei`j`lo |}j}i|}il|). ]ho fj}tix lj` do ~a~ukj}om mtjri`b etaf oxi|}i`b tokj}om

    mj}j|o}| i` j laho|io j`m |}tul}utom ej|hia` }a |u~~at} j rimo jtio}y ae j`jky}iljk ~ut~a|o|.

    ]ho mooka~fo`} ae hjtfa`iwom j`m la`|i|}o`} to~at}i`b ae |ol}atjk jllau`}|+ baot`fo`}

    ei`j`lo |}j}i|}il|+ |oluti}io| j`m ox}ot`jk mj}j+ j| mo|ltidom i` ~jtjbtj~h 4>+ i| }a do dj|om a`

    }ho etjforatc ~to|o`}om i` }ho fj}tix.

    ]jdko =7 I`}otki`cjbo| Do}roo` Tol ,:? j`m Tol| ,2+ ,:4+ j `m ,:2 j| Toekol}om i` }ho Ei`j`lijk Jl lau`}!Ei`j`lijk Djkj`lo \hoo} ae }ho \@J I`}obtj}om \ol}at Jllau`}|

    ^jt} ae j |y|}of ae i`|}i}u}ia`jk |ol}at jllau`}| (ei`j`lijk jllau`} j`m ei`j`lijk djkj`lo |hoo})

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    y

    To|imo`}| @a`to|imo`}| Jkk ltomi

    @a`ei`j`lijk lat~atj}ia`|Ei`j`lijk lat~atj}ia`| j`m

    |ud|ol}at|Bo`otjk baot`fo`}

    Hau|ohakm| j`m `a`~taei}i`|}i}u}ia`| |oti`b hau|ohakm|

    Ltomi}at dy to|imo`ly j`m to|imo`} |ol}at

    Mod}at dy to|imo`ly j`m to|imo`} |ol}atj`m dy ei`j`lijk i`|}tufo`}

    \@J BE\ H\\ II^ FE\ \@J BE\ H \\ II^ FE\ \@J BE\:!

    H\\ II^ FE\ \@J BE\ H\\ II^ FE\ \@J BE\ H\\ II^ FE\ \@J BE\ H\\

    To|imo`}|

    @a`ei`j`lijklat~atj}ia`|

    Fa`o}jty bakm j`m \MT|

    Lutto`ly j`m mo~a|i}|' Mod} |oluti}io|

    Kaj`|

    Ozui}y j`m i`o|}fo`} eu`m |hjto| at u`i}|

    I`|utj`lo+ ~o`|ia`+ j`m |}j`mjtmiwom bujtj`}oo|lhofo|

    Ei`j`lijk motij}io| j`m of~kayoo |}alc a~}ia`|

    A}hot jllau`}| toloijdko! ~jyjdko

    Ei`j`lijklat~atj}ia`|

    j`m |ud&|ol}at|

    Fa`o}jty bakm j`m \MT|

    Lutto`ly j`m mo~a|i}|

    Mod} |oluti}io|

    Kaj`|

    Ozui}y j`m i`o|}fo`} eu`m |hjto| at u`i}|

    I`|utj`lo+ ~o`|ia`+ j`m |}j`mjtmiwom bujtj`}oo|lhofo|

    Ei`j`lijk motij}io| j`m of~kayoo |}alc a~}ia`|

    A}hot jllau`}| toloijdko!~jyjdko

    Bo`otjkbaot`fo`}

    Fa`o}jty bakm j`m \MT|

    Lutto`ly j`m mo~a|i}|

    Mod} |oluti}io|

    Kaj`|

    Ozui}y j`m i`o|}fo`} eu`m |hjto| at u`i}|

    I`|utj`lo+ ~o`|ia`+ j`m |}j`mjtmiwom bujtj`}oo|lhofo|

    Ei`j`lijk motij}io| j`m of~kayoo |}alc a~}ia`|

    A}hot jllau`}| toloijdko!~jyjdko

    Hau|ohakm|j`m a`~taei}

    i`|}i}u}ia`||oti`bhau|ohakm|

    Fa`o}jty bakm j`m \MT|

    Lutto`ly j`m mo~a|i}|'

    Mod} |oluti}io|

    Kaj`|

    Ozui}y j`m i`o|}fo`} eu`m |hjto| at u`i}|

    I`|utj`lo+ ~o`|ia`+ j`m |}j`mjtmiwom bujtj`}oo|lhofo|

    Ei`j`lijk motij}io| j`m of~kayoo |}alc a~}ia`|

    A}hot jllau`}| toloijdko! ~jyjdko

    ]jdko = (la`}i`uom)7 I`}otki`cjbo| Do}roo` Tol ,:? j`m Tol| ,2+ ,:4+ j`m ,:2 j| Toekol}om i` }ho Ei`j`lijk Jllau`}!Ei`j`lijk Djkj `lo \hoo} ae }ho \@J I`}obtj}om \ol}at Jllau`}|

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    ^jt} ae j |y|}of ae i`|}i}u}ia`jk |ol}at jllau`}| (ei`j`lijk jllau`} j`m ei`j`lijk djkj`lo |hoo})

    To|imo`}| @a`to|imo`}| Jkk ltomi}at|

    @a`ei`j`lijk lat~atj}ia`|Ei`j`lijk lat~atj}ia`| j`m

    |ud|ol}at|Bo`otjk baot`fo`}

    Hau|ohakm| j`m `a`~taei}i`|}i}u}ia`| |oti`b hau|ohakm|

    Ltomi}at dy to|imo`ly j`m to|imo`} |ol}at

    Mod}at dy to|imo`ly j`m to|imo`} |ol}atj`m dy ei`j`lijk i`|}tufo`}

    \@J BE\ H\\ II^ FE\ \@J BE\ H\\ II^ FE\ \@J BE\ H\\ II^ FE\ \@J BE\ H\\ II^ FE\ \@J BE\ H\\ II FE\ \@J BE\ H\\ II^

    @a`to|imo`}|

    Fa`o}jty bakm j`m \MT|

    Lutto`ly j`m mo~a|i}|

    Mod} |oluti}io|

    Kaj`|

    Ozui}y j`m i`o|}fo`} eu`m |hjto| at u`i}|

    I`|utj`lo+ ~o`|ia`+ j`m |}j`mjtmiwom bujtj`}oo|lhofo|

    Ei`j`lijk motij}io| j`m of~kayoo |}alc a~}ia`|

    A}hot jllau`}| toloijdko!~jyjdko

    Jkk mod}at|

    Fa`o}jty bakm j`m \MT|

    Lutto`ly j`m mo~a|i}|

    Mod} |oluti}io|

    Kaj`|

    Ozui}y j`m i`o|}fo`} eu`m |hjto| at u`i}|

    I`|utj`lo+ ~o`|ia` j`m |}j`mjtmiwom bujtj`}oo

    |lhofo|

    Ei`j`lijk motij}io| j`m of~kayoo |}alc a~}ia`|

    A}hot jllau`}| toloijdko! ~jyjdko

    @a}o|7

    6 @a} j~~kiljdko

    6 @a} tokoj`} etaf j `j}ia`jk atio`}j}ia`

    ' 6 La`lo~}ujkky ~a||idko du} ~tjl}iljkky i`|ib`ieilj`} at a`oxi|}o`}.

    FE\ 6 Fa`o}jty j`m Ei`j`lijk \}j}i|}il|

    H\\ 6Hj`mdaac a` \oluti}io| \}j}i|}il| (Tolaffo`mj}ia` ,2)

    II^ 6 I`}ot`j}ia`jk I`o|}fo`} a|i}ia` (Tolaffo`mj}ia` ,:4)

    BE\ 6 Baot`fo`} Ei`j`lo \}j}i|}il| (Tolaffo`mj}ia` ,:2)

    \@J 6 \y|}of ae @j}ia`jk Jllau`}| (Tolaffo`mj}ia` ,:?) |}j`mjtm| eat |ol}at| a}hot }hj` Ei`j`lijk lat~atj}ia`|+ Bo`otjk Baot`fo`}+ j`m }ho To|} ae }ho Ratkm.

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    BE\ mj}j jto ~to|o`}om a` j la`|akimj}om dj|i| |a ~to|o`}i`b }ho bo`otjk baot`fo`} |ol}at j| ie a`ky j |i`bko u`i} oxi|}om.