 By an order of 17 April 1826, the King of France renounced his rights of sovereignty and formally recognized the independence of Haiti.The enforced payments to France hampered Haiti's economic growth for years, exacerbated by the fact that many Western nations continued to refuse formal diplomatic recognition to Haiti; Britain recognized Haitian independence in 1833, and the United States not until 1862.Haiti borrowed heavily from Western banks at extremely high interest rates to repay the debt.