Parastatal

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Parastatal

A slang term for state-owned enterprise, especially in Africa.
References in periodicals archive ?
He was clear in his own mind that the unions were not para-statal bodies and could not be asked to show self-restraint in their claims: To put this responsibility on the Unions is to reverse, or to attempt to reverse, their entire traditional function: to convert them from wage-bargaining organisations mainly concerned to advance the interests of the workers, and on this basis enjoying the loyalty of their members, into organisations primarily concerned with national economic policies.
From 1950 to 1970, the number of para-statal firms in Mexico remained below 300; 12 years later, state-owned firms numbered 1,155.
6) and were also endowed with significant para-statal organizations before independence.
An inbuilt payment gateway will also add value by allowing all payments to be collected at one point and then apportioned, split and routed to the respective heads of account of Central / State / Para-statal agencies along with generation of challans and MIS reports.
In addition, there are a number of South Africa para-statal organisations, like the Development Bank of South Africa and the Industrial Development Corporation, that have long been advancing development funds to African undertakings.
The Founders of Telecom Degrees have over 80 man years of industry experience and a track record of success spanning 20 years in the industry Operated at C-level and executive management level in the public, para-statal and commercial sector.
A series of illustrative case-studies is presented, relating to the allocation of stateowned land; state-facilitated `market' access to privately-owned land; the reconstruction and partial privatization of a para-statal development agency, which have brought into question the viability of a `community conservation' project and also exposed the agency to political cross-fire; and, finally, some intricacies of the possibility of land restitution to people dispossessed under apartheid, which raises the question of whether the concept of indirect racial discrimination may be applied in the South African context.
The para-statal 'development' agencies associated with the respective 'homelands' of Bophuthatswana and Qwaqwa have also been repeatedly re-structured in the period of 'transition'.
Organised by CERT-MU (Computer Emergency Response Team of Mauritius), the half-day workshop brought together IT Professionals and Auditors, System and Network Administrators, and IT Security Professionals from private, public and para-statal bodies.
As outlined in the paper, many sovereigns transact over-the-counter (OTC) derivatives on a regular basis (in addition, quasi-sovereign and para-statals are also frequent derivatives users).
Less successful or failed reforms included the restructuring of para-statals, reform of the agricultural credit system, budget reform, tax reform, and attention to the problems of recurrent expenditure.
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.