The Arrest of Odebrecht's President

In Panama questions have arisen about the impact that will be felt from the arrest in Brazil of Marcelo Odebrecht on the many projects awarded to his company in the country.

Friday, June 19, 2015

The arrest of Marcelo Odebrecht has generated uncertainty in important projects awarded to the Brazilian company, some of which are under implementation or have recently been awarded such as the Metro Line 2.

According to, Ramon Ricardo Arias, president of the Foundation for the Development of Civic Freedom agrees that "... the main thing is for Panamanians is to know what will happen to the projects that are being built under the portfolio of the company Odebrecht ... ".

Regarding the multiple awarded projects, Arias confirms that "... in this collection of projects is necessary for the authorities of the Attorney General and the Comptroller to do the work that corresponds to them ..."

More on this topic

Corruption in the Construction Sector

July 2017

In Guatemala, the Public Ministry has revealed the existence of a network of "bogus" construction companies, which through the "simulation of services, may have invoiced, between 2012 and 2014, multi million dollar sums of money from bribes."

A statement from the Public Ministry (PM) states that: "There were eight companies that were set up to obtain commissions in favor of former Minister Sinibaldi Aparicio.

The Paradox of the Construction Sector in Costa Rica

October 2014

In a country with serious public infrastructure problems, world class construction companies have to look for projects in other markets.

Added to the slow pace of defining and implementing public works is the small amount of construction projects being developed in the country, compared, for example, with the Panamanian economy.

Tax Differences Between Builders and Developers

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The direct connection between the specific activities of construction companies and real estate developers can lead to serious errors in income tax statements in Panama.

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El Salvador Requires Services of Construction Companies

August 2011

The Ministry of Public Works has put out to tender construction services and is asking companies to undergo the prequalification process.

The Ministry of Public Works, Transport and Housing and Urban Development through the project "Provision of Housing for families in high risk areas" to be executed by the Vice minister for Housing and Urban Development, and funded through the 2015 BCIE loan agreement , requires the services of individuals and / or legal entities with specific expertise in processes related to the construction of housing projects to undergo the prequalification process.