The deal requires the backing of the IMF board in Washington, where Asian and Latin American members may balk at coddling creditors. Leaked transcripts of a board meeting of Greece’s rescue reveal mounting anger at the way the IMF has been used to bolster European banks. Sources close to the IMF say Ukraine’s public debt will peak at around 50pc at the end of this year, far below the danger level. “This is not high,” said one expert. “It would take a catastrophic shock to make it unsustainable.”