FONAFE Sample Clauses

The FONAFE clause establishes the involvement or requirements related to the Fondo Nacional de Financiamiento de la Actividad Empresarial del Estado (FONAFE), which is the Peruvian state entity overseeing government-owned enterprises. This clause typically outlines the need for compliance with FONAFE's regulations, approvals, or reporting obligations when a contract involves a state-owned company under its supervision. Its core practical function is to ensure that contractual activities align with the governance and oversight standards set by FONAFE, thereby promoting transparency and regulatory compliance in public sector transactions.