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Panama, the Pope and Odebrecht

Friday, February 10, 2017

With the government under pressure  to have Panama’s Metro Line 2 up and running in time for the Catholic world youth forum and the visit of Pope Francis in early 2019, with an expected influx of 400,000  visitors, there is growing concern about Odebrecht’s financial deterioration and whether it can raise enough money to finish the project.

The company has been fined some $2 billion by the governments of Brazil, Switzerland and the United States to resolve a criminal case in which it admitted to paying bribes totaling $788 million in a dozen countries, including Panama.

Source: Newsroom Panama