Montreal, Quebec, May 27th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Egypt and Tunisia, which have been at the forefront of this year’s so-called Arab Spring movement, start work after last week’s summit of the Group of Eight leading nations with funds to help rebuild their economies and a clear message: Moves toward democracy and open government will be rewarded with aid.
The G-8 countries pledged on Friday that international development banks—in which G-8 members are top shareholders—would supply more than $20 billion in aid over the next three years for economic transitions. French President Nicolas Sarkozy, the host of a two-day meeting in this Normandy seaside town, said a further $10 billion would come in the form of bilateral aid from G-8 members and another $10 billion that has been offered by Saudi Arabia, Qatar and Kuwait.
But G-8 leaders, increasingly concerned with protracted and bloody conflicts in Libya, Yemen and Syria, indicated their support has strings attached: It will be contingent on social and economic overhauls, such as strengthening transparency in government and encouraging private-sector development.
Egyptian economic analysts said the funding pledged by the G-8 would provide valuable financial support in an economic crisis. “We see this as very positive for the business climate and investment activity in the country because it confirms the belief in the country’s potential and the strong fundamentals that it’s shown in the past year,” said Alia Mamdouh, an economist at CI Capital, a Cairo-based investment bank.
Other observers were more skeptical. “The official announcement is purposefully vague, said Igor Lukes, professor of history and international relations at Boston University.”In its present form, no one can determine how consequential it might become once it’s implemented.”
Mr. Lukes also said the West has a spotty record providing assistance to emerging democracies. He noted Egypt, for instance, has been the recipient of one of the biggest U.S. aid packages since the Camp David accords in 1978. And when former President Hosni Mubarak’s regime collapsed, members of his family had bank accounts valued at hundreds of millions of dollars.
The summit—which brings together the leaders of the U.S., U.K., Japan, Canada, Russia, France, Germany and Italy—ceded much of the discussion of global economic issues to the wider G-20. The G-20, which will have a summit in Cannes, France, in October, includes major developing economies such as China, India and Brazil.
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:
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HilbroyAdvisory, Inc.
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