parastatal


Also found in: Financial, Wikipedia.

par·a·stat·al

 (păr′ə-stāt′l)
adj.
Owned or controlled wholly or partly by the government: a parastatal mining corporation.
n.
A company or agency owned or controlled wholly or partly by the government.

parastatal

(ˌpærəˈsteɪtəl)
n
(Government, Politics & Diplomacy) a state-owned organization, esp in Africa
adj
(Government, Politics & Diplomacy) of or relating to such an organization
Translations
References in periodicals archive ?
Parastatal is going to create a new railway line network outside the existing structure as it prepares the country to move tonnes of goods in the coming years.
Together with other parastatal financial institutions, the IRGC-linked banks are believed to be manipulating interest rates and maintaining fake bank accounts.
Occidental is said to be in talks with Indonesia's Pertamina and Angolan parastatal Sonangol to partner in developing Iraq's Qaiyarah and Najmah oil fields, according to comments from a Sonangol executive made earlier this month.
Nabavi, director in several parastatal companies, is tipped to become a senior member of Khatami's new cabinet.
Ghana already has some control over prices as the Cocobod parastatal is the sole exporting authority, but in Cote d'Ivoire exporters operate outside state control.
At the height of Moi's reign, there were close to 250 parastatal organisations ranging from hotels, banking, insurance to power generating concerns.
The agency provides a broad spectrum of risk analysis, research, and credit information to the business, parastatal, and government sectors in South Africa and elsewhere, Standard & Poor's said.
Russia's central government, linked closely with the country's parastatal and independent major industry sectors, exhibits an uncharacteristic sense of glee when foreign exchange earnings from windfall oil profits are discussed.
The fact that some parastatal buyers have turned the privatised factories into stores or other products of their choice, has aroused many questions in the public's mind.
This resulted in a default in terms of the shareholder agreement with parastatal Transnet.
The external trade and payment system, monetary management, agricultural marketing arrangements, and, more recently, the parastatal sector have been extensively liberalized.
According to Oiva Angula, Senior Manager: Corporate Communications & Public Relations at the parastatal, a water pipe that burst in the city's Luderitz Street caused heavy flooding of a Telecom cable manhole last Tuesday, damaging a 1400-pair underground cable.