These initiatives include the opening of a Prosper Africa office to be based in Morocco. Through the Prosper Africa initiative, the U.S. Government aims to support $1 billion in new two-way trade and investment deals between the United States and Morocco, as well as countries across North Africa, over the next four years, DFC Chief Executive Officer and Prosper Africa Executive Chairman Adam Boehler said in a statement.

They also include the signing of a memorandum of understanding (MOU) between DFC and the Government of Morocco detailing DFC's efforts to invest $3 billion over the next four years for projects in Morocco and in co-investments with Moroccan partners for projects in Sub-Saharan Africa.

Furthermore, the US Agency for International Development’s (USAID) intends to "designate Morocco as the North Africa regional hub for its new continent-wide Prosper Africa trade and investment program," the DFC statement explained.

The measures also provide for the launch of a 2X MENA initiative to catalyze $1 billion of investments in projects that advance women’s economic empowerment in the Middle East and North Africa.

These announcements came as Boehler was among the High-level US-Israeli delegation who visited Morocco on Tuesday, the same source added.

"Morocco’s leadership on the continent combined with its vibrant and growing economy make the country an ideal base for Prosper Africa as well as create exciting opportunities for DFC investment," said Boehler. "We deeply value our strong relationship with Morocco and we look forward to deepening this partnership."

These new developments will advance the goals of the Trump Administration’s Prosper Africa initiative by driving increased trade and investment between the United States and Morocco in addition to other countries across North Africa. Through Prosper Africa, the U.S. Government is committed to helping U.S. businesses and investors access North African markets and to supporting North African businesses in accessing new opportunities in the United States.

In January 2021, the Prosper Africa Secretariat will establish a regional office in Morocco, the initiative's very first regional office in North Africa. The new Morocco office will leverage expertise from across 17 U.S. Government agencies and bring new resources, staff, and dedicated attention to increase two-way trade and investment between the US and Morocco and across broader North Africa, helping support economic development in the region.

The collaborations signed Tuesday "demonstrate DFC’s commitment to supporting development and economic growth in Morocco, and Morocco’s role as a key partner in realizing the goals identified in DFC’s new Roadmap for Impact. DFC welcomes proposals from the private sector for investment in Morocco, including those related to energy, agriculture, healthcare, and expanding access to finance."

Finally, Morocco will serve as a regional center for USAID’s new continent-wide Prosper Africa Trade and Investment program.

"With the potential for up to $500 million in funding over five years, this groundbreaking new USAID program will offer a wide range of customized services from business development and investment facilitation to support improved legal and regulatory frameworks. For every $1 of public funding, this new USAID program is expected to leverage more than $9 in private investment, delivering billions of dollars in new exports and investments and creating thousands of new jobs," the statement concluded.