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Panama bank throws lifeline to Odebrecht

Tuesday, January 17, 2017


Panama’s Banco Nacional has thrown a  financial lifeline to the Odebrecht led consortium that is  constructing Metro line 2.

The Odebrecht construction company, mired in corruption  scandals, has reached a financing agreement with the bank that will fill the gap  created  last year when the US Citibank rescinded its pledge to help finance the project.

Source: Newsroom Panama