Corruption in Latin America 2018
DOI: 10.1007/978-3-319-94057-1_5
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Brazilian Corruption Overseas: The Case of Odebrecht in Angola

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Cited by 6 publications
(11 citation statements)
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“…Thus, Petrobrasthe state-owned oil company-created an account linked to Angolan oil in 1985 to pay for exports for the Capanda Dam. The project was Brazil's first "oil for infrastructure" loan and this modality became the preferred mechanism for Brazil-Angola cooperation (Alencastro 2019). Throughout the 1990s, Odebrecht, whose influence in Brasilia survived the transition to democracy, unremittingly lobbied Brazilian presidents to visit Angola.…”
Section: : the Corporate Turnmentioning
confidence: 99%
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“…Thus, Petrobrasthe state-owned oil company-created an account linked to Angolan oil in 1985 to pay for exports for the Capanda Dam. The project was Brazil's first "oil for infrastructure" loan and this modality became the preferred mechanism for Brazil-Angola cooperation (Alencastro 2019). Throughout the 1990s, Odebrecht, whose influence in Brasilia survived the transition to democracy, unremittingly lobbied Brazilian presidents to visit Angola.…”
Section: : the Corporate Turnmentioning
confidence: 99%
“…Odebrecht did increase operations after the civil war and during the PT era. Given the company's symbiotic relationship with the Angolan regime, by 2014, it was Angola's largest private-sector employee and the leading benefactor of the Angolan state's public infrastructure investments (Alencastro 2019). Odebrecht received about 10% of Angola's public works' budget between 2003 and 2012 undertaking housing projects, petrochemical stations, hydroelectric dams, road paving and supermarket distribution (Alencastro 2014).…”
Section: The Symbiosis Between Odebrecht and The Angolan Ruling Elitementioning
confidence: 99%
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“…Lula also increased the scale of finance for corporate operations in Africa. Under his direction, from 2007 BNDES extended credit for various projects, which amounted to an accumulated US$2 billion by 2012 (Carmody, 2013) and reached a total of $12.6 billion for export services, largely consisting of infrastructure projects (Alencastro, 2019;Fernandes & Neder, 2019). He also pushed for Brazil to become what Carmody (2013) cites as the largest developmentcooperation spender by 2010: the budget for Brazil's Development Cooperation Agency (ABC), increased significantly under Lula, with total development-cooperation spending moving from $120 million in 2006 to $1.2 billion in 2010.…”
Section: Presidential and Corporate Agencymentioning
confidence: 99%
“…While not the initiators of the Brazil-Africa vision, infrastructure and resource-extractive companies were key agents shaping and implementing the PT's Africa policy. Companies like Odebrecht, Camargo Correa, Queiroz Galvão, Petrobras and Vale had some experience, primarily of lusophone Africa and were increasingly seen by the PT as agents capable of delivering the Brazil-Africa agenda (Dye & Alencastro, forthcoming;Dye, 2018;Alencastro, 2019). Petrobras for instance, brokered many of its own deals, arriving in Tanzania before the embassy reopened in 2005.…”
Section: Presidential and Corporate Agencymentioning
confidence: 99%