Eventually they had to borrow more money to cover the previous loans.

Also tentatively approved was some form of new loans to Mexico so that it can cover interest payments on previous loans.

The two international lending institutions depend on repayments of previous loans for a big part of their capital.

More foreign investment might help both Poland and Hungary, though some economists argue that previous loans were wasted.

Cisco first financed Andiamo in April 2001, and has written off as expenses its previous loans to the company.

Those are the same employers that failed to pay back the previous loans.

In previous loans, two authorized signatures were required for transactions of more than $500,000, the newspaper said.

Both installments are intended to pay down previous loans and do not enter the Russian banking system.

Loan documents show that the newest loan has a 13 percent rate, while the rate on one of the previous loans was 11.1 percent.

But there are growing fears that the strategy is failing, with most Indonesian businesses unable to borrow money or pay back previous loans.