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Hilbroy Advisory: IMF Backs G-8 Plan for Supporting Middle East, North Africa
Hilbroy Advisory: IMF Backs G-8 Plan for Supporting Middle East, North Africa
The multilateral institution said it was ready to make a commitment of $35 billion to the region as part of a broader international effort to help the region.
Montreal,
Quebec,
Canada
(prbd.net)
31/05/2011
Montreal, Quebec, May 30th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: The International Monetary Fund has thrown its weight behind the Group of eight (G-8) industrialized nations to provide financial support to the Middle East and North African economies. The multilateral institution said it was ready to make a commitment of $35 billion to the region as part of a broader international effort to help the region.
Launching the Deauville Partnership with the Middle East over the weekend, the G-8 has pledged to support Middle East and North African countries that are transitioning to free and democratic societies.
According to the IMF, a global partnership is being formed with countries wishing to support transition in the region, the International Monetary Fund, the World Bank, as well as other United Nations agencies and multilateral and regional development banks.
Leaders of the G-8 countries, who met May 26 and 27 in the French seaside resort, focussed on how best to aid successful transitions toward democratic societies and more inclusive, job-creating economies in light of the Arab Spring movement. The G-8 initiative is designed to support countries in the Middle East and North Africa during this transition, while ensuring that instability in the short-term does not undermine the process of political reform.
It said in a report released at the summit that social cohesion and macroeconomic stability must also be sustained. Some of the region's countries have been hit by a downturn in confidence that is affecting tourism and investment, and are relying on higher public spending to maintain social cohesion and support domestic demand, the IMF report said, noting that additional spending in the short- term was understandable.
But with a fiscal deficit projected to increase to $46 billion in 2011, oil importers cannot afford to strain public finances and jeopardize the new inclusive growth agenda. Some countries will thus need external support to meet their financing requirements. The IMF, which has already been assessing the region's financing needs, announced it could make available as much as $35 billion as part of a broader international effort. An IMF mission is currently in Egypt to discuss possible financing with the government.
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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