A diverse group of the largest, long-term institutional holders of international bonds issued by Senegal have formed an ad hoc group (the "Ad Hoc Group") for the purpose of engaging with the Senegalese authorities. The formation of the Ad Hoc Group comes in response to announcements of 1 September 2026 by the Ministry of Finance, Economy and Planning of the Republic of Senegal of (1) intentions to seek a debt treatment plan and (2) a staff-level agreement with the International Monetary Fund on key economic policies intended to underpin a three-year $2.2 billion Extended Credit Facility. [...]