World Bank, IMF painful terms back with Iran war

Kamau Thugge

Central Bank of Kenya Governor Kamau Thugge.

Photo credit: File | Nation

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.

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