Nairobi, April 19 -- The fallout from the US-Israel war on Iran has forced Kenya to revive its dalliance with the World Bank and the International Monetary Fund (IMF), setting taxpayers up for pain as the country abides by tough conditions to access cheap financing from the pair.

Kenya last week indicated that it would require emergency financing from the World Bank, with officials emphasising the importance of a funded IMF programme amid continuing discussions.

"Support from the IMF and the World Bank would be from the fact that we are getting concessional financing, and it would replace expensive domestic borrowing, reducing debt vulnerabilities by cutting interest costs," Central Bank of Kenya (CBK) Governor Kamau Thugge said.

The I...