AU meeting

Deputy Minister of Foreign Affairs and International Cooperation Mohammed Issa has called for activating African Union institutions, notably the African Investment Bank hosted by Libya.

During his chairmanship of Libya's delegation at the African Union alliance meeting, he highlighted the necessity of working towards a comprehensive renaissance for the African continent.

Moreover, Issa stressed the importance of addressing illegal migration and achieving sustainable development in line with Agenda 2063, with the goal of building a better future for the continent.

It may be worth noting that the African Union summit held in Nigeria in 2008 established the African Investment Bank with a capital estimated at around $25 billion. The bloc also agreed to have Libya host the bank.

In 2022, Prime Minister of the Government of National Unity, Abdul Hamid Dbeibah, established a preparatory committee for the bank's activation.

In October of last year, Mustafa Al-Manae, advisor to the governor of the Central Bank of Libya, announced that the preparatory committee for the African Investment Bank had obtained approval from six African countries to become members of the bank.