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
Elections in Haiti cast in the first-round election. A second round was scheduled for March 20, 2011 with the two highest vote-getters, Mirlande Manigat and Jude Célestin. Protests claiming fraudulent voting resulted in the electoral commission removing Célestin from the race. This promoted Martelly from his original third-place finish in the first-round, to face Manigat in the run-off. The last presidential election was held on 28 November 2010 with a runoff on 20 March 2011. Michel Martelly won the runoff election held on 20 March 2011 with 67.6% of the vote against 31.7% for Mirlande Manigat and was sworn into office on 14