Senegal Dissolves Coalition That Helped Elect President

Senegal’s ruling party said it’s dissolving the coalition that brought President Bassirou Diomaye Faye to power, heightening political uncertainty as the West African nation tries to resolve a debt crisis.

The West African nation’s dollar bonds slumped a fourth day on Wednesday, extending a rout that began after the International Monetary Fund left the country last week without agreeing a new program. Senegal’s finances have been under strain since the authorities last year announced the discovery of $7 billion of unreported loans — a revelation that led to the suspension of a funding program from the IMF.