The summit comes after Italian PM Paolo Gentiloni said he had reached a deal with Libya on how to stop migrants from setting sail for Europe.
He pledged more funds and training to Libya to tackle people smugglers.
Hundreds of thousands of migrants each year try to reach Europe. Many of them drown while crossing the Mediterranean.
On Thursday, Italy's coastguard said more than 1,750 migrants had been rescued in the Mediterranean within 24 hours.
Since the fall of former leader Muammar Gaddafi in 2011, Libya has lacked any effective central government and security has been in the hands of various local factions. People smugglers have found it easy to operate in the country.
"If we want to give real strength and legs to managing migration flows, then there needs to be an economic commitment by the whole of the EU," said Mr Gentiloni.
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