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247 – The World Bank blacklisted the entrepreneur from Odebrecht, under investigation by Lava Jato, which will prevent the company from participating in projects funded by the development bank for the next three years. The disqualification of Odebrecht should also have the effect of preventing the company from bidding in Argentina, due to legal support provided by the World Bank decision.
According to the Argentine press, La Nación, the World Bank's decision "negotiated resolution agreement", according to which Odebrechet would have acknowledged his responsibility for the irregularities committed in a Colombian project funded by the institution
The The contractor also undertook to adopt new business practices aimed at canceling the suspension. "Construtora Norberto Odebrecht SA is committed to maintaining the process of strengthening its system in accordance with the World Bank's Integrity and Compliance Guidelines," the company said.
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