parastatal

/paɹəˈsteɪtəl/

IPA: /P EH0 R AH0 S T EY1 T AH0 L/

noun
  1. 1

    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.

Synonyms

adjective
  1. 1

    Pertaining to such a company or group.

Source: https://en.wiktionary.org/wiki/parastatal