"Ukraine granted $16.5bn IMF loan"

That's £215.64 for each Ukrainian.

And whence does the IMF get its money? From its members of course; the G7 countries chip in 44.47% of the total.

The UK's quota is 4.86%, so that means that the UK taxpayer has now unwittingly lent Iceland and Ukraine* half a billion quid. These loans are presumably the first of many, I expect to see far more of this over the next few months.

Query: how can we become wealthier by lending each other money via an unaccountable supra-national non-commercial bank? Thanks but no thanks. AFAIAC the IMF is yet another of these self-serving bureaucracies that England ought to leave.

* Which sadly dropped the 'The' when it left the Soviet Union.