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Bond Market News
Senegal’s Dollar Bonds Rise on Progress Towards a New IMF Program
January 5, 2026
Senegal’s dollar bonds rallied after Finance Minister Cheikh Diba signalled progress toward a new IMF program, easing some near-term financing worries. Diba told lawmakers that they hope to “finalize a program with the IMF very soon”. This comes after a series of negative events beggining with the discovery of $7bn in previously undisclosed debt and the subsequent delay in financial assistance by the IMF. The comments came as President Bassirou Diomaye Faye’s government cut its 2025 growth and revenue forecasts but kept the deficit broadly unchanged at about 8% of GDP by reshuffling spending, with debt service still absorbing a large share even as allocations for defence, public sector wages and student support rise.
Senegal’s 6.25% 2033s were up nearly 2 points to trade at 59.4 cents on the dollar.
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