The Head of the Presidential Council, Mohammed Menfi, received a comprehensive file on the strategy and plan to establish the African Investment Bank, which Libya aims to establish in order to activate the African Union decision, issued in 2008, and to confirm Libya’s return to its continental role.
Menfi met in his office in Tripoli on Tuesday with the Chairman of the Founding Committee of the African Investment Bank and Advisor to the Governor of the Central Bank of Libya, Mustafa Al-Manea, in the presence of members of the committee.
Menfi's media office said that the Committee of the African Investment Bank briefed Menfi on its work and efforts, and a comprehensive file on the strategy and plan for communication with African countries to contribute to the establishment of the prospective bank.
The media office added that Menfi hailed the efforts of the Founding Committee of the African Investment Bank, stressing that “its work is considered a national duty for preserving the gains of the Libyan state in Africa.”
On October 29, the Chairman of the Founding Committee and Advisor to the Governor of the Central Bank of Libya announced that the Committee had obtained the approval of 6 African countries to become members of the African Investment Bank.
The Libyan Prime Minister Abdul Hamid Dbeibah decided to form the Founding Committee for the Bank to activate the decision for its establishment due to “the importance of this African economic institution."