Latin America is becoming a battleground of government spending extremes, drawing calls from smaller nations to tighten the belt before the consequences spill across borders.

From its headwaters in Brazil, the Paraguay River flows hundreds of miles south to where it joins the Parana River to form a single 2,100-mile waterway that carries much of the agricultural and mineral wealth of South America to the Atlantic.

Paraguay became an appealing transit point. It’s one of the world’s largest exporters of soybeans, beef and organic sugar. A landlocked country of less than 7 million people, it now boasts the third-largest barge fleet in the world, behind only the United States and China.

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Paysafe (NYSE: PSFE), a global payments platform, today announced that it has received approval from the Central Bank of Brazil (BCB) for a payment in