We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Senegal’s President Dissolves Government, Dismisses Prime Minister
May 25, 2026
Senegal’s President Bassirou Diomaye Faye has dissolved the government and dismissed Prime Minister Ousmane Sonko, escalating the risk of political unrest in the nation. The ouster follows a reported deepening rift between the two leaders over how to manage the previously undisclosed $7bn debt uncovered in 2024, which had prompted the IMF to suspend a $1.8bn facility. While Faye favors engaging with the IMF and considering a potential debt restructuring to restore fiscal stability, Sonko repeatedly opposed any reorganization, arguing that it would destroy Senegal’s international financial credibility. Outgoing cabinet members will remain in interim roles until Faye appoints a new government. Senegal was recently reported to have overdue debt with the Arab Bank for Economic Development in Africa (Badea). While Badea categorized the situation as a routine technical matter, the development underscores the financial strain on Senegal.
Senegal’s 6.25% 2033s were trading slightly weaker at 52.9, yielding 18.5%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
Mongolia’s Credit Ratings Upgraded to B3 by Moody’s
January 19, 2018
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.