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 Haitian history that an incumbent president's peacefully transferred power to a member of the opposition. Following the day after the damaged-quake in last year, the incumbent Haitian Prime Minister, Jean-Max Bellerive, resigned to allow Martelly to choose his own Prime Minister. Martelly was quick to pledge reforms for the post-earthquake reconstruction process. In August 2011, Martelly announced a plan to reinstate the nation's military. This plan was met with controversy as many human rights activists were concerned about bringing back a military which had been responsible for many atrocities in the past. In September 2011, Martelly formed an advisory board