Economy of Haiti of limited infrastructure and a lack of security. In 2005, Haiti paid its arrears to the World Bank, paving the way for reengagement with the Bank. Haiti received debt forgiveness for over $1 billion through the Highly-Indebted Poor Country initiative in mid-2009. The remainder of its outstanding external debt was cancelled by donor countries following the 2010 earthquake but has since risen to over $600 million. The government relies on formal international economic assistance for fiscal sustainability, with over half of its annual budget coming from outside sources. The Michel Martelly administration in 2011 launched a campaign aimed at drawing
Projects of the Caribbean Community in the meeting, chaired by St. Vincent and the Grenadines, to review elements of a draft policy on air and maritime transportation and asked member states to submit comments by the end of June. Up to one year prior, at a February 2012 meeting with a CARCOM Bureau of Heads of Government delegation, Haitian President Michel Martelly had asked fellow Caribbean Community (CARICOM) leaders to consider a plan that would allow Haitians who hold a United States or Schegen visas to travel hassle-free through CARICOM. Martelly had made clear that his interest was in Haitians enjoying the same privileges as