FOSES definition
FOSES means the Borrower’s Fondo de Solidaridad y Emergencia Social (Solidarity and Social Emergency Fund), a legal entity established by virtue of the provisions of the Borrower’s Decree No. 2133 of December 30, 1992, that has been entitled to execute the budget of the Borrower’s Plan Nacional de Rehabilitacion (National Rehabilitation Plan) by Article 2 of the Borrower’s Decree No. 2707 of December 30, 1993 which defines and regulates said Plan, and the By-laws and Internal Organization of which have been adopted by Acuerdos No. 001 and 003 of the Governing Council of such Fund and approved by the Borrower’s Decree No. 2737 of December 31, 1993.