 In the year of privatization, the management of IRI was centralized in the hands of the Treasury.The IRI name remained in journalistic language as a byword for those who assign public investments to companies without strong business criteria.Government agencies such as the Cassa Depositi e Prestiti (a bank) and Sviluppo Italia have been dubbed "new IRI", with some negative connotations, to indicate that their purposes and policies tend to patronage, according to critics, rather than economic criteria.