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# The Daily Docket — Tuesday 10 November: Senegal committee rejects Health, Family and Culture budgets
- URL: https://www.sovereigncreditorreview.com/daily-docket-2026-11-10/
- Published: 2026-11-10T06:30:00.000Z
- Updated: 2026-11-10T06:30:00.000Z
- Description: Senegal's Assembly finance committee rejected three more 2027 ministry budgets on 9 November. Venezuela's fourth round of talks is due 11–15 November. No OFAC Venezuela or Cuba action, no Citgo ruling, nothing new in London.
- Author: Sovereign Creditor Review Staff
- Tags: Daily Docket

**Tuesday, 10 November 2026** · Coverage to about 00:20 ET, Tuesday 10 November · By Sovereign Creditor Review Staff  
Desks: Venezuela · Cuba & Title III · Senegal · Ethiopia · Other

---

## 1\. Bottom line

1. Senegal: on Monday 9 November the Assembly's finance committee rejected the 2027 budgets of the Health, Family and Culture ministries, according to Assembly accounts reported by [Seneweb](https://www.seneweb.com/fr/news/Politique/assemblee-nationale-le-projet-de-budget-du-ministere-de-la-sante-rejete-commission%5Fn%5F999003112.html?ref=sovereigncreditorreview.com), [SeneActu](https://seneactu.com/budget-2027-la-commission-des-finances-rejette-le-projet-du-ministere-de-la-famille/?ref=sovereigncreditorreview.com) and [PressAfrik](https://www.pressafrik.com/Assemblee-nationale-rejet-du-projet-de-budget-2027-du-ministere-de-la-Culture-de-l-Artisanat-et-du-Tourisme%5Fa314341.html?ref=sovereigncreditorreview.com). No plenary date and no IMF Board date for the USD 2.2bn ECF have been announced.
2. Venezuela: the fourth round of talks between the government and the 2015 National Assembly delegation is due between 11 and 15 November; an opposition delegate told [El Pitazo](https://elpitazo.net/politica/se-viene-el-cuarto-ciclo-de-la-mesa-de-dialogo-en-que-contexto-se-da/?ref=sovereigncreditorreview.com) the exact date was still awaiting confirmation.
3. Nothing else moved: OFAC's only action on 9 November was Iran-related; GL 5AA not replaced; no Third Circuit ruling on the PDV Holding sale; no new filing in Petersen (No. 26-442); London: No new public filing.

## 2\. Top story: Senegal committee rejects three more ministry budgets

The Assembly's finance and budget control committee kept voting down 2027 ministry budgets on Monday 9 November. Sitting with the health committee, it rejected the budget of the Ministry of Health and Public Hygiene, presented by Minister Ibrahima Sy, with 2027 appropriations of FCFA 246.6bn against FCFA 217.2bn in the 2026 initial finance law. According to the Assembly's account, members raised "inconsistencies" in the figures and questioned the sincerity and reliability of the forecasts under article 30 of the organic budget law (LOLF) ([Seneweb](https://www.seneweb.com/fr/news/Politique/assemblee-nationale-le-projet-de-budget-du-ministere-de-la-sante-rejete-commission%5Fn%5F999003112.html?ref=sovereigncreditorreview.com); [Direct News Info](https://directnewsinfo.com/2026/11/09/assemblee-nationale-le-projet-de-budget-2027-du-ministere-de-la-sante-rejete-par-la-commission-des-finances/?ref=sovereigncreditorreview.com)).

The same day the committee rejected the budget of the Ministry of Family, Social Action and Solidarity (FCFA 230.6bn in payment appropriations). [SeneActu](https://seneactu.com/budget-2027-la-commission-des-finances-rejette-le-projet-du-ministere-de-la-famille/?ref=sovereigncreditorreview.com) reported that members questioned the sincerity of the forecasts and their consistency with the revised 2026 budget the Assembly rejected on 3 November. Sitting with the culture committee, it also rejected by majority the budget of the Ministry of Culture, Crafts and Tourism (FCFA 28.6bn in payment appropriations), [PressAfrik](https://www.pressafrik.com/Assemblee-nationale-rejet-du-projet-de-budget-2027-du-ministere-de-la-Culture-de-l-Artisanat-et-du-Tourisme%5Fa314341.html?ref=sovereigncreditorreview.com) reported.

Those three join the committee's earlier votes against the bill's first part (revenue, public debt and institutions' budgets) on 7 November and the Industry and Commerce and Higher Education budgets on 7 and 8 November. [Agence Ecofin](https://www.agenceecofin.com/actualites-finance/0911-143238-senegal-la-bataille-du-budget-2027-fait-planer-une-incertitude-sur-les-paiements-aux-entreprises?ref=sovereigncreditorreview.com) noted that the bill provides for FCFA 480bn of private-sector arrears to be cleared in 2027 and a deficit target of 4.7% of GDP, and that committee votes are not in themselves a final rejection of the finance law. [SeneNews](https://www.senenews.com/actualites/le-rejet-de-la-lfi-2027-en-commission-ouvre-finalement-la-porte-a-la-dissolution-de-lassemblee%5F605706.html?ref=sovereigncreditorreview.com) again counts the 60-day examination period under article 68 of the constitution as running to 11 December. No government statement on the 9 November votes had been found by the time of writing.

*Who is affected:* Eurobond holders and other external private creditors, commercial-bank lenders, official bilateral creditors and domestic suppliers owed arrears.  
*Next trigger:* Plenary vote on the 2027 bill, no date announced; end of the Assembly's 60-day examination period, around 11 December on SeneNews' count; IMF Board date for the USD 2.2bn ECF, no date set.

## 3\. What changed

- **9 Nov · Senegal (Assembly):** Finance committee rejects the Health, Family and Culture ministries' 2027 budgets ([Seneweb](https://www.seneweb.com/fr/news/Politique/assemblee-nationale-le-projet-de-budget-du-ministere-de-la-sante-rejete-commission%5Fn%5F999003112.html?ref=sovereigncreditorreview.com); [SeneActu](https://seneactu.com/budget-2027-la-commission-des-finances-rejette-le-projet-du-ministere-de-la-famille/?ref=sovereigncreditorreview.com); [PressAfrik](https://www.pressafrik.com/Assemblee-nationale-rejet-du-projet-de-budget-2027-du-ministere-de-la-Culture-de-l-Artisanat-et-du-Tourisme%5Fa314341.html?ref=sovereigncreditorreview.com)).
- **9 Nov · Venezuela:** El Pitazo reports that the fourth round of government–2015 National Assembly talks is due 11–15 November, date awaiting confirmation ([El Pitazo](https://elpitazo.net/politica/se-viene-el-cuarto-ciclo-de-la-mesa-de-dialogo-en-que-contexto-se-da/?ref=sovereigncreditorreview.com)).
- **9 Nov · OFAC:** Iran designation update only; nothing on Venezuela or Cuba ([OFAC](https://ofac.treasury.gov/recent-actions?ref=sovereigncreditorreview.com)).

## 4\. Desk notes

**Venezuela.** The fourth round of talks between the government delegation and the 2015 National Assembly delegation was set for 11–15 November when the third round closed on 21 October ([RNV/AVN](https://rnv.gob.ve/asamblea-nacional-acuerdan-cuarto-dialogo-noviembre/?ref=sovereigncreditorreview.com)). On 9 November, opposition delegate Ramón López told El Pitazo the round would fall within those dates but was awaiting confirmation. The same report said US Secretary of State Marco Rubio, in a New York Times interview last week, listed progress on restructuring the country's debt among the steps needed before an election, and quoted Rubio on 9 November as expecting new Supreme Court justices to be in place by mid-December ([El Pitazo](https://elpitazo.net/politica/se-viene-el-cuarto-ciclo-de-la-mesa-de-dialogo-en-que-contexto-se-da/?ref=sovereigncreditorreview.com)). OFAC's GL 5AA authorizes, on or after 18 December 2026, transactions related to, the provision of financing for, and other dealings in the PDVSA 2020 8.5% bond that E.O. 13835 would otherwise prohibit ([OFAC GL 5AA](https://ofac.treasury.gov/media/937321/download?inline&ref=sovereigncreditorreview.com)). No Third Circuit ruling on the PDV Holding sale appeals (No. 25-3347) has been found; the most recent docket entry visible on CourtListener is the 4 November argument transcript ([CourtListener](https://www.courtlistener.com/docket/71978977/crystallex-international-corp-v-bolivarian-republic-of-venezuela/?ref=sovereigncreditorreview.com)).  
*Next trigger:* Fourth round of talks, 11–15 November; PDVSA Commercial Creditors Committee announcement, 17 November ([PR Newswire](https://www.prnewswire.com/news-releases/pdvsa-commercial-creditors-committee-launches-national-capital-initiative-to-restructure-commercial-claims-and-support-venezuelas-energy-sector-302927379.html?ref=sovereigncreditorreview.com)); GL 5AA date of 18 December 2026.

**Cuba & Title III.** No new OFAC Cuba action since 5 November; no new Title III ruling found. London: No new public filing.  
*Next trigger:* BICSA wind-down under [OFAC FAQ 1276](https://ofac.treasury.gov/faqs/1276?ref=sovereigncreditorreview.com) ends 14 November.

**Senegal.** See Top story.

**Ethiopia.** No change; the consent solicitation for the USD 1bn 6.625% Eurobond has not been launched.

**Other.** Ghana: Business Post reported on 9 November that, according to the Global Sovereign Debt Roundtable's latest assessment, Ghana has concluded 16 of 25 bilateral agreements with official creditors and talks continue with remaining non-bonded commercial creditors, whose claims are under 5% of the restructuring perimeter ([Business Post](https://businesspostonline.com/2026/11/09/ghana-finalises-16-bilateral-debt-restructuring-agreements/?ref=sovereigncreditorreview.com)). Argentina: no new filing in No. 26-442 since the 2 November amicus briefs; responses due 2 December 2026 ([Supreme Court docket](https://www.supremecourt.gov/docket/docketfiles/html/public/26-442.html?ref=sovereigncreditorreview.com)). No new IMF press release found for Senegal, Ethiopia, Ukraine, Zambia, Ghana, Sri Lanka or Lebanon.

## 5\. Sanctions and markets

- **OFAC (US):** Iran designation update on 9 November; no new Venezuela or Cuba action; no new Venezuela GL after GL 5AA of 4 November ([OFAC](https://ofac.treasury.gov/recent-actions?ref=sovereigncreditorreview.com)).
- **UK:** UK Sanctions List last updated 3 November; no Venezuela or Cuba change ([GOV.UK](https://www.gov.uk/government/publications/the-uk-sanctions-list?ref=sovereigncreditorreview.com)).
- **EU:** No new Council notice on Venezuela or Cuba found in the coverage window.
- **Markets:** No new sourced price reported.

## 6\. From the law firms

- **Twenty Essex** — [Kuwait sovereign wealth fund immune from employment claim brought by former CEO](https://www.twentyessex.com/kuwait-sovereign-wealth-fund-immune-from-employment-claim-brought-by-former-ceo/?ref=sovereigncreditorreview.com) (9 November 2026). Twenty Essex reports that on 5 November the Employment Appeal Tribunal upheld the Kuwait Investment Authority's state immunity under the State Immunity Act 1978 in Al-Ateeqi v Kuwait Investment Authority \[2026\] EAT 169.

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