That was the tied aid policy the World Bank introduced in the early 90s, in 1992, if memory serves me well. The idea was to do everything simultaneously: promote economic development, fight poverty, promote environmental protection, improve good governance and develop democracy.
The World Bank's tied aid policy comprised almost 10 streams, and it did not work. It could not have worked. I remember that many CIDA officers were critical of the policy, and they were by and large right.
In fact, for more than 50 years now, all theories on democracy have supported the view that democracy cannot flourish in a poor and underdeveloped country. This means that socio-economic development and democratization cannot be achieved simultaneously, as democratization is born of socio-economic development.
It is wishful thinking to believe that lasting democracy can be established in a country such as Haiti, which is one of the world's poorest. Indeed, not only is Haiti poor, but there is no rule of law. The state does not have control over all of its citizens and territory. Democracy is still a long way away, the country is only at the state of establishing rule of law. We cannot talk about democracy. It is all fine and well to organize elections, but the problems will resurface as soon as they are over. There is something highly artificial about stubbornly insisting on organizing democratic elections in a country that does not, and cannot, share any other traits of a democracy as its socio-economic infrastructure is too weak.
I believe that experts would say that if you want to help countries become democracies, first help them achieve economic and social development, and later you will be able to focus on establishing democratic political institutions.