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 Martelly the allegations. Companies owned or controlled by Félix Bautista had received no-bid contracts worth $200 million, awarded by former Haitian Prime Minister Jean-Max Bellerive. In November 2013, anti-government protests were held in the country over the high cost of living and corruption. Mid-term Senate elections had been originally due in May 2012, while the municipal poll is three years behind schedule after François Hollande winning the presidential election in France. They were postponed again on 26 October 2014—the day they were due to be held—because of an ongoing stalemate between the government and a group of opposition senators over an