Private Credit
Private Credit for UPSC Mains General Studies Paper 3 :Current Affairs in Economy Watch
Recently, the International Monetary Fund (IMF) in its Global Financial Stability Report, 2024, raised concerns about the rapidly expanding private credit market.
What is Private Credit (PC)?
- Also known as the private debt, these are debt-like, non-publicly traded instruments provided by non-bank entities, such as private credit funds or business development companies (BDCs), to fund private businesses.
- It typically involves the bilateral negotiation of terms and conditions to meet the specific needs and objectives of the individual borrower and lender, without the need to comply with traditional regulatory requirements.
- It is ....
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