Iran and Libya to establish Africa, Latin America investment fund

Tehran : Libyan Prime Minister Al-Baghdadi Ali Al-Mahmoudi said here Wednesday evening, "Libya and Iran will establish a shared fund for making investments in Africa and Latin America."

The Libyan Prime Minister made the comment at a meeting with the press before being officially seen off, adding, "During my meetings with the Iranian officials, in addition to bilateral ties, we discussed making joint investments in Africa and Latin America." Al-Mahmoudi appreciating the hospitality of his Iranian hosts and said, "Beyond doubt we had a hard working day today, and a great number of issues of mutual interest, as well as new fields for cooperation were discussed."

He added, "We were agreed with Iranian officials that all obstacles on the way of expanding trade ties need to be eliminated." Expressing hope that all reached agreements with Tehran would be implemented soon, the Libyan Prime Minister added, "We also discussed the situation in Somalia, Darfur, Iraq, Lebanon, and Palestine in our talks with the Iranian officials.