Mr. Jiyad raises interesting questions about the transformation of the signature Bonus into a debt instrument. It is indeed messy, and apparently, the situation is still evolving, with the reimbursable payment seemingly being transformed into a (much) smaller outright grant. However, the fact that signature bonuses are higher in Angola than in Iraq may be due to any number of causes. Perhaps (as we do not know details of the…
Author: Michel Del Buono
Am a Sr Economic Advisor in charge of energy at UNAMI (UN mission to Iraq). Worked for 15 years in World Bank's Energy Dept. Private Energy sector consultant for 10 years.Knowledge of all forms of energy. Bachelor's degree in Econs/Acctg (McGill U.), Ph.D. in Econs (Cornell U.). Private email: michelsr@yahoo.com