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Until it pays off its arrears, Argentina will not be eligible for new World Bank loans (such as a $600m loan to help the poorest households).
It has since brought its arrears figure down from 38% to 17%.
Greece won't be eligible for further assistance from the fund until it has taken care of its arrears.
Los Angeles hired more lab analysts and ploughed through most of its arrears by 2011.
"You rarely have a situation where a co-op doesn't ultimately collect its arrears," he said.
But WorldCom has not paid VSNL since April, and analysts estimate that its arrears may exceed $100 million.
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Members are angered by what they perceive as domination combined with obstruction: America's opposition to new ventures that cost money (or risk lives) plus its continuing failure to pay its own arrears.
This year, for a change, the elderly at least may be spared: the government says it cleared all its pensions arrears by July 1st.A second problem is that Russia has too little investment.
A company with a tax bill pays the managers of a defunct but still licensed bank a fifth of its tax arrears; the bank pretends to have received the full amount, but fails to make the transfer to the government.Last year, Russia's supreme court ruled that, in such cases, the bank, not the taxpayer, is liable to the tax authorities.
He said Ukraine was prepared to issue bonds worth $2.16bn to address its gas arrears.
To access this financing, the government in 2015 agreed to pay three of these donors (the African Development Bank, the International Monetary Fund, and the World Bank), its combined arrears of $1.8 billion USD.
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