International Monetary Fund

Central bank or institution Washington, D.C. Founded 1944 www.imf.org

The IMF oversees the international monetary system and publishes the Global Financial Stability Report twice a year. Its April 2024 chapter on private credit is one of the most thorough official assessments of the asset class and its risks.

What they publish

The Rise and Risks of Private Credit

Essential

The IMF's chapter on private credit is the most rigorous neutral assessment of the asset class: how it works, who borrows and lends, and where the risks sit, from fragile borrowers to stale valuations.

Research Intermediate One-off chapter, April 2024

IMF Global Financial Stability Report

The IMF's twice-yearly survey of global financial stability: a risk assessment chapter plus analytical chapters on themes such as hedge funds, tokenization, private credit and emerging-market debt.

Research Advanced Twice a year, in April and October, with occasional updates