Nicaragua's $40 billion deal with a Chinese company to build a trans-oceanic waterway that will compete with the Panama Canal will either be Latin America’s most important economic project in more than a century or the biggest government scam in the region’s history. There are many reasons to think it may be the latter. The big question, however, is why reputable U.S. consulting firms — including McKinsey, McLarty Associates and former Transparency International anti-corruption crusader Ronald MacLean Abaroa -- would be involved in this project if it were as shady as it looks.
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