Over three years of activity, this Advisory Board, in its first version and reaching the end of its term, sought to attain the goals for which it was created and improve its modus operandi in order to better contribute to PREVI reaching its best performance through its administrative agencies.

 

2009 was a year full of negative expectations due to the huge uncertainty the world was facing with the financial crisis.

 

Our assets, especially those represented by equity investments, threatened our results by creating conditions of uncertainty and pessimism.

 

However, our economy has responded positively and, thanks to steps taken by PREVI, we were able to overcome these moments of uncertainty.

 

The diversification of our investments should be the objective measure of the PREVI administration in its quest to ensure safer yields.

 

Investments in international markets, housing projects and infrastructure, provided they are made with solid guarantees, may be the right path to follow.

 

The reduced yield rate of these investments should be adjusted to the current state of things.

 

The expectation created in the Social Body with the presentation of a surplus of significant value and what its destination should be, must be carefully examined.

 

Thus, the decision must be both technically correct and legally valid, so as not to create liabilities that can bring about a climate of uncertainty.

 

The correct and prudent way PREVI has been conducted deserves the approval of this Board and gives us confidence that all goals will be achieved.