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
Michel Pélieu Michel Pélieu Michel Pélieu (born 26 June 1946) is a French politician. A member of the Radical Left Party (PRG), Pélieu was elected mayor of Loudenvielle from 1977 to 2011. In 1985, he became general counsel of the canton of Bordères-Louron, in Hautes-Pyrénées. Since the French senate elections in 2001, he has been the deputy of François Fortassin. During the local elections of 2011, he was elected with 70% of votes in the canton of Bordères-Louron and ran for the presidency of the General Council, facing past president Josette Durrieu. After a tight turn, Pélieu became chairman of the General