Senegal’s euro-denominated bonds experienced a partial recovery on Wednesday following the announcement of a staff-level agreement with the International Monetary Fund for a $2.2 billion, three-year financing package. This development offers a reprieve for investors after a significant sell-off earlier in the week, sparked by concerns over previously undisclosed public liabilities. While the agreement aims to restore debt sustainability and investor confidence, market sentiment remains cautious as details of the required fiscal reforms are awaited.