The Odebrecht corruption scandal is not abating. In fact, it is growing day by the day throughout Latin America.
Brazilian construction company Odebrecht has emerged as the ringmaster of a sophisticated corruption network spanning Brazil and another 11 countries in Latin America and Africa. Investigators are now at work in most of these countries to hold accountable Odebrecht’s accomplices. The early results of these investigations are sending shockwaves through the continent and questioning the very continuity of many administrations and reform programmes, with serving presidents linked to Odebrecht payments in major Latin American countries like, among others, Colombia, Panama and Peru. Let alone Brazil, where Operação Lava Jato (“Operation car-wash”) has already has decimated the political and business elite in the past three years.
As new evidence emerges, a question resounds in the mind of local and international observers: Is this only the tip of the iceberg for Latin America?
Jimena Blanco, head of Americas politics research at global risk and strategic consulting firm Verisk Maplecroft and Katherine Hochstetler, professor of international development at the London School of Economics, try to answer this question with podcast host Jacopo Dettoni.