Renà © Prà ©val became president of Haiti in 2006 and immediately attempted to improve U.S.-Haiti relations. U.S. Ambassador Sanderson reported in a cable that Prà ©val "wants to bury once and for all the suspicion in Haiti that the United States is wary of him. He is seeking to enhance his status domestically and internationally with a successful visit to the United States."[3] Yet despite his desire to improve relations, newly elected President Prà ©val unintentionally began alienating the United States on the very day of his inauguration. On this day, Prà ©val signed a deal with Venezuela to join the Caribbean oil alliance, Petrocaribe, which allowed Haiti to buy subsidized oil from Venezuela. The government of Haiti would pay only 60 percent up front and then pay the rest at 1 percent interest over the next 25 years.[4] This payment schedule would save the Haitian government USD 100 million per year, with which the government planned to supply basic needs and services to 10 million Haitians and increase investment in social projects like hospitals and schools.[5] Additionally, the Petrocaribe deal would help lower and stabilize the cost of oil in Haiti after several years of high prices.
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