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Hilbroy Advisory: UAE stock markets remain under pressure
Hilbroy Advisory: UAE stock markets remain under pressure
Mr. Fanizza said the growth was broad-based and the sharing of its benefits was supported by policies to promote financial inclusion.
Montreal,
Quebec,
Canada
(prbd.net)
26/05/2011
Montreal, Quebec, May 25th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Kenya's economy is likely to grow by 5.4 per cent, says the International Monetary Fund. The IMF on Tuesday said inflationary pressures and insufficient rains, however, present risks that need to be addressed.
"Kenya's economic reform programme is off to a good start. Economic activity rebounded in 2010, driven by strong agricultural production and a dynamic private sector," said IMF's Domenico Fanizza during a press briefing on their mission to Kenya to conduct a review under the extended credit facility.
Mr. Fanizza said the growth was broad-based and the sharing of its benefits was supported by policies to promote financial inclusion.
"Prospects for 2011 remain strong, with signs for continued investments in all sectors of the economy," he said.
The government has set an economic growth target of 4.2 per cent, down from 5.6 per cent last year, due to poor rains, high commodity prices, a weak shilling and the elections in 2012.The IMF mission recommended that the government, through the Central Bank of Kenya, give priority to curbing inflation and strengthening the external position in response to the widening current account deficit.
"The focus of the monetary policy should thus be on controlling demand pressures in order to preserve macroeconomic stability," the mission said.
It said the 2011/12 budget reflects the authorities' commitment to gradual fiscal consolidation over the medium term, while addressing the country's development needs and providing sufficient scope for the implementation of the new Constitution.
The mission called for efforts to broaden financial inclusion and deepen the financial markets that will need to be supported by strengthened banking supervision and enhanced regulatory frameworks.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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