Taylor Swift reclaims full ownership of her first six albums
In a landmark moment for artists’ rights, Taylor Swift has officially bought back the master recordings of her first six albums, ending a long-running dispute over who controls her music.
Kenya and the IMF have agreed to halt the ninth review of the $3.6B loan program and discuss a new lending arrangement. With rising debt costs and a 65.7% debt-to-GDP ratio, Kenya seeks fresh financial support to stabilize its economy and manage fiscal challenges.
Kenya and the International Monetary Fund (IMF) have agreed to halt the ninth review of the current $3.6 billion loan program, with plans to discuss a new lending arrangement. The decision comes as Kenya faces rising debt-servicing costs due to extensive borrowing over the past decade.
Haimanot Teferra, the IMF mission chief, confirmed that both parties reached an understanding to abandon the ninth review of the current Extended Fund Facility and Extended Credit Facility programs. The Kenyan government has officially requested a new program to help manage the country’s financial challenges.
Kenya’s economy is under pressure as it struggles to balance growing expenditure with escalating debt repayments. Anti-tax hike protests and disputes over new borrowing from the United Arab Emirates have complicated the implementation of the existing program, which is set to expire next month.
With a debt-to-GDP ratio of 65.7% in June, well above the sustainable threshold of 55%, Kenya is exploring new avenues to secure financing, including enhancing revenue collection. The IMF’s continued support is vital for Kenya as it navigates its fiscal challenges and strives to stabilize its economy.
AnewZ takes to the streets of Yerevan and Baku to ask a simple yet deeply complex question: How do you see peace between Armenia and Azerbaijan? In the first part of our special report, we hear the hopes, doubts, and scars still shaping people’s perspectives on both sides.
On May 28, the inauguration ceremony of Lachin International Airport was held.
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In a landmark moment for artists’ rights, Taylor Swift has officially bought back the master recordings of her first six albums, ending a long-running dispute over who controls her music.
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