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
Jude Célestin results showed law professor and former first lady Mirlande Manigat in first place, with 31.4 percent of the vote. Célestin came next, with 22.5 percent, and singer Michel Martelly took third place with 21.8 percent. Widespread riots and reports of election fraud followed the announcement of these results. In December, Martelly supporters set fire to the INITE headquarters, located in the Port-au-Prince suburb of Pétion-Ville. On February 3, INITE was forced to drop Célestin from the race. On 4 April 2011, a senior official announced that Michel Martelly won the presidential run-off election against candidate Mirlande Manigat. His LAPEH party