Need synonyms for parastatal? Here's a list of similar words from our thesaurus that you can use instead.
Noun
A company, agency, or intergovernmental organization that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly
“A parastatal is a prime example of a company or agency that possesses significant political clout and operates independently from the government while performing activities that benefit the state.”
