English version

parastatal

From Longman Business Dictionaryparastatalpar‧a‧sta‧tal1 /ˌpærəˈsteɪtl/ adjective parastatal organization/business/industry an organization etc that has some political power and is indirectly controlled by the stateparastatal Kenyan banksparastatalparastatal2 noun [countable] an organization or business that has some political power and is indirectly controlled by the stateGovernment subsidies were withdrawn from loss-making parastatals.
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