A chemical company controlled by the king of Morocco is funding a May 5-7 conference in Marrakech to be hosted by the Bill, Hillary and Chelsea Clinton Foundation's Clinton Global Initiative but the former secretary of state and prospective 2016 Democratic presidential nominee won't be there.

Phosphate exporter OCP is owned by Morocco's King Mohammed VI and is providing funding of at least $1 million for the Clinton Global Initiative Middle East and Africa Meeting that is expected to attract other prominent Middle Eastern and North African officials.

Hillary Clinton announced the meeting last September but a Clinton Foundation source told Politico Wednesday that she likely won't be present for the gathering. The reason is simple: The foundation is already in hot water for accepting millions of dollars in contributions from foreign governments, corporations and individuals and observers across the political spectrum are raising questions about conflicts of interest.

With a presidential campaign announcement said to be coming within days, Hillary Clinton's presence at the Morocco event would only draw more attention to such questions.

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