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This country of some 10 million survives on foreign aid; it is unable to pay its debts and draws very little foreign investment.
The anti-corruption commission is reportedly so starved of resources that it is unable to pay the office rent.
And, like several big rivals, the bank continues to lean heavily on government support through a debt guarantee program that makes taxpayers liable if it is unable to pay back the loans.
The government of the US territory, with fewer than four million people, says it is unable to pay in full the $73 billion in debt it accrued over several decades.
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Typically, when you think of a company being bankrupt, you think of it being unable to pay its bills or meet its payroll, being unable to get credit to order new inventory, and so on.
"Eventually the company got to the stage where it was unable to pay its ever-increasing debt to HM Customs & Revenue".
At the time, the company said it was unable to pay its debts and needed to make deep cuts in labor costs to survive.
WMFE announced in April that it was selling its TV station (it will keep an NPR-affiliated public radio station) because it was unable to pay its PBS dues of just under $1 million annually.
The deal breaks a logjam that has left Saab's future in doubt since early April, when the carmaker halted production at its plant in Trollhattan, Sweden, after it was unable to pay suppliers.
In the last month, it was unable to pay its employees while governments and creditor banks in China and South Korea were locked in a dispute about who should bail out the company.
What finally saved the city was anxiety about the fallout, in the form of possible bank insolvencies and borrowing costs for the rest of America, had it been unable to pay its debts.New York's federal bail-out was punitive, however.
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