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World Bank Group debars three companies in Argentina

Jaclyn Jaeger | February 1, 2018

The World Bank today announced the debarment of three companies—Gavinor, S.R.L., J.C. Segura Construcciones S.A., and a joint-venture, Constructura J.C. Segura Construcciones S. A.-Gavinor S.R.L.-UTE —for 18 months in connection with the companies’ fraudulent practice of knowingly misrepresenting work progress during a contract under the Second Provincial Agricultural Development Project in Argentina.

The World Bank-financed project in question, which closed in March 2017, was designed to help the government increase the productivity and profitability of small and medium-size agricultural producers in Argentina, with the goal of contributing to the improvement of agricultural competitiveness. The debarments make the...

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