Parastatal

(redirected from Para-statals)
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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
Second, donors sometimes pressurized the government to implement policies that were inappropriate to the Gambian situation, as when an external consultant recommended reporting requirements for para-statals far in excess of what was either feasible or necessary.
Agri-Eco's own experiences of re-structuring in 1995-6 offer an interesting case study of the pains of transition for a bundle of para-statals which in the era of apartheid epitomised 'top-down' development -- telling farmers and others what to do, unblushing private accumulation (grossly inflated salaries) and institutional rip-offs (manipulation of expenses, etc.
37) The privatization of development para-statals, for example, has exposed a fundamental dilemma, not yet resolved: how to reconcile a commitment to serve the poor and the unemployed and the disadvantaged with the need to charge commercial rates to those same poor, unemployed and disadvantaged.