The Head of the Presidential Council, Mohamed Menfi, participated Saturday in the presidential summit called for by the President of Ghana, the African Union’s champion of African financial institutions, and held at the African Union’s headquarters in the Ethiopian capital, Addis Ababa.

Menfi said in his speech that Libya had taken executive measures to establish the African Investment Bank at the infrastructure level, and that it would begin its work from the Libyan capital, Tripoli.

He stressed that Libya feels the importance of activating the Investment Bank, out of its belief and confidence that it will bear the responsibility, in coordination and cooperation with member states and the Commission, in putting this important African institution into practice.