Standard & Poor's, a rating agency, said Ecuador had "one of the weakest payment cultures" of the 113 countries it monitors.In this section Beggar thy neighbour Can't pay?
It has annual sales of $100 billion, mostly from abroad, and these export earnings have been vital in a country with a weak balance of payments.
The uncertainty seems to stem from the sheer number of problems the country is grappling with, and the ruling Congress Party government's inability to grapple effectively with inflation, the fiscal deficit, slowing growth and a weak balance of payments.
Most of the eight remaining mega-deals have weak covenants and "payment-in-kind" arrangements that allow them to defer cash interest payments, in one case for up to one-fifth of the total.
Daewoo Motor attributed the losses to debt-servicing costs and weak sales and payment burdens at overseas plants.
The lenders vary in how willing they are to accept lower down payments, weaker credit scores or other factors that can make a loan more risky.
Since these natural resources are often found in poor countries with weak institutions or instability, payments made by US-listed companies could be stolen by corrupt bureaucrats or simply wasted instead of being invested on roads, schools, hospitals and programs to reduce poverty.
In the developing world, though, crippled by weak currencies and byzantine payment infrastructures, a simple, seamless, frictionless, reliable international peer-to-peer payments system could be a huge deal.
The NAO concluded that the BBC's "weak governance have led to payments that exceeded contractual entitlements and put public trust at risk … This has resulted in payments that have not served the best interests of licence-fee payers".
But most community hospitals are in crisis, faced with decreased payments from insurers, weak management and inefficient technology.
