Ecuador bars Odebrecht from new contracts

Ecuador bars Odebrecht from new contracts

Peru Panama Ecuador Economy & Policy Corporate & Sovereign Strategy Project & Infrastructure Finance

Ecuador has barred Brazil's Odebrecht from signing public works contracts after the company admitted to making $33.5m in bribes over the past decade."During the investigation of Odebrecht's contracts in Ecuador, state institutions cannot hire the company temporarily," Attorney General Galo Chiriboga said in a tweet. The ban includes the federal, provincial and city governments. Ecuador becomes the third country in the region to prohibit Odebrecht from signing contracts for new infrastructur

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