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
Haiti round was a fraud and that Michel Martelly should replace Jude Celestin, René Préval's chosen successor. There was some violence between the contending parties. On 4 April 2011, the Provisional Electoral Council announced preliminary results indicating that Martelly had won the presidential election. After the U.S. funded $33 million to legislative and presidential elections in August and October 2015, a special verification panel – implemented by interim President Joceleme Privert – declared the results "tainted by significant fraud". Jovenel Moïse, the supposed winner of the 25 October 2015 election, had been hand-picked by former President Michel Martelly. The month-long examination