Senegal launches IMF‑supervised debt treatment of ~$5bn in eurobonds; pledges Sept.13 coupon

On Sept. 1, 2026 Senegal and IMF staff reached a staff‑level agreement for a 36‑month, ~$2.2bn program and Dakar formally launched a debt treatment covering roughly US$5bn of eurobonds. Authorities publicly pledged to continue servicing debt and initiated the transfer for a Sept. 13 coupon on the 2048 dollar bond (transfer started Sept. 3).

The combination of an IMF staff‑level agreement and a formal request to use an improved Common Framework focuses creditor negotiations on roughly US$5bn of foreign‑currency commercial debt while excluding CFA‑franc claims. Markets will likely concentrate volatility and liquidity pressure in near‑dated eurobonds and CDS as investors price recovery terms and front‑end refinancing risk, even as IMF involvement reduces tail default probability.

IMF management/executive‑board decision on the program and the outcome of the Sept.13 coupon payment settlement.