Libya supports the activation of the African Investment Bank in Tripoli. This came in a speech delivered by the head of the Libyan Presidential Council, Mohammed Al-Menfi, at a presidential summit held in the Ethiopian capital, Addis Ababa.
Al-Manfi supported “any steps that strengthen African monetary unity, and find formulas to establish rules for work to provide African self-financing tools” The three African financial institutions are: the Monetary Fund, the Investment Bank, and the African Central Bank.