2024-05-30 23:48:38
The President of the Presidential Council, Mohamed Al-Menfi, known as for the safety of Libyan investments in Africa, alerting to the pressures on Libyan investments and the contributions of the Libyan Overseas Financial institution in numerous African nations, that are thought of a mannequin for intra-African investments, which necessitates cooperation to be able to develop them as an vital step to realize African integration.
This got here in his speech, this night, Wednesday, throughout his participation within the first high-level presidential session following the opening ceremony of the 59th annual assembly of the African Growth Financial institution Group and the fiftieth annual assembly of the African Fund, on the Kenyatta Worldwide Convention Heart within the Kenyan capital, Nairobi.
Al-Manfi touched on the significance of the African Union nations adhering to the unified African place in direction of reforming the worldwide monetary system and its establishments, which have been established at a time when Africa was absent on account of its subjection to overseas colonialism.
Al-Manfi identified that monetary sustainability in Africa and its monetary and financial independence can solely be achieved by way of the institution of the monetary establishments established by the African Union, led by the African Funding Financial institution, which is hosted by Libya. On this regard, he known as for the significance of accelerating the accession and ratification procedures, that are nonetheless late.
The Chairman of the Presidential Council appreciated the function performed by the African Growth Financial institution in reaching prosperity and well-being in Africa, and that Libya, as one of many nations contributing to the financial institution, seeks to extend the tempo of its dealings with the financial institution.
Final up to date: Could 29, 2024 – 21:27
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2024-05-30 23:48:38