Projects
Track record across 21 countries
Assignments delivered by the firm’s founder, Walid Fayad, as team leader, key expert and DFI investment officer, before and since establishing Cloverium Sustainability Consulting.
Countries of assignment since 1999. Dubai is the firm’s base.
Countries
Middle East and North Africa
Morocco · Tunisia · Egypt · Jordan · Lebanon
Türkiye and the Caucasus
Türkiye · Georgia · Armenia · Azerbaijan
South-East Europe
Serbia · Kosovo · Bosnia and Herzegovina · Montenegro · Albania · Bulgaria
South and East Asia
Sri Lanka · Maldives · Nepal · India · Thailand · Mongolia
Selected assignments
Funder, location and period for each assignment.
Technical assistance for value chains, inclusive and green finance in the Maghreb
Leads a 30-month programme supporting up to eight partner financial institutions and some 25 experts to deploy EIB credit lines and guarantees. Oversaw green loans product development, partial portfolio guarantee product development, ESG, compliance, support to Small and Medium-size enterprises, women entrepreneurship support, reporting, communications materials, and capacity-building events
Water, gender and WEFE nexus
Capacity building for women entrepreneurs and young people on access to finance and WEFE nexus models; Regional Action Plan for Water with KPIs; mapping of water-related disaster risk management actors.
Climate transition programme for Moroccan financial institutions
Masterclasses and workshops on climate strategy, governance, metrics, targets, disclosure and transition planning, adapted to the Moroccan context.
B4Life 2.0 Facility for biodiversity and ecosystem services
Advice to EU Delegations and headquarters on biodiversity finance, support to dialogue with MDBs and the private sector, training and knowledge papers on innovative finance for nature.
Greening Financial Systems Technical Assistance Programme
Developed green financing frameworks ; designed green financing strategies, products and procedures; and capacity-building materials; created a toolkit for integrating green lending practices within financial institutions.
Climate risk strategy for Crédit Agricole du Maroc
Author of the winning proposal. Green taxonomy update aligned with the EU Taxonomy, physical and transition risk assessment, measurement and monitoring tools, TCFD disclosures and staff training.
Climate governance support to Bank Al-Maghrib
Survey of climate-related practices in the banking sector, high-level workshop and capacity building to operationalise the central bank’s climate-risk directive in line with TCFD.
NWFE programme, energy pillar
Operations manual, eligibility review of renewable-energy pipeline, economic and financial cost-benefit analysis, monitoring and verification reports.
Framework contract SEA 2023, Lot 8: sustainable and blended finance
Drafted the winning technical proposal covering financial products, instruments and structures, including EFSD+.
Investment Officer, Financial Institutions
Managed a USD 250m debt and equity portfolio; took part in a green and blue bond and a sustainability-linked loan exceeding USD 200m; IFC shareholder representative.
Green Economy Financing Facility (GEFF) at Bank Audi
Product launch, operations and quality-assurance manuals, staff and vendor training, sub-project eligibility review and climate-risk management.
Associate Director, Financial Institutions
Originated and executed more than 40 loan, equity and trade-finance transactions totalling up to USD 1bn. Launched MorSEFF (EUR 110m, co-financed by EBRD, EIB, AFD and KfW with EU grants financing), TurSEFF and ArmSEFF; Women in Business and SME credit lines; country strategies for five MENA countries.
Financial institutions engaged
As lender, investor, adviser or trainer.
| Morocco | Banque Centrale Populaire, Bank of Africa, BMCI, Société Générale Maroc, Crédit du Maroc, Crédit Agricole du Maroc, Al Amana Microfinance, Bank Al-Maghrib |
| Tunisia | Banque de Tunisie, Amen Bank, Enda Tamweel |
| Türkiye | Türkiye İş Bankası, Garanti BBVA, Odeabank |
| Levant | Bank Audi, Jordan Ahli Bank, Capital Bank of Jordan |
| South Asia | Commercial Bank of Ceylon; National Development Bank; Sampath Bank; HDFC Maldives; Global IME Bank |
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