[Verse 1]
Government bonds beneath the microscope
Digging through the data, nations on the slope
Institutional strength reveals the hidden cracks
Parliament's corruption or the rule law lacks
Debt-to-GDP climbing past the danger zone
Credit rating agencies marking every loan
[Chorus]
I-F-M-E, remember what to see
Institutional power, Fiscal policy
Monetary flexibility, External vulnerability
Four pillars standing, sovereign clarity
When the treasury stumbles, where's the money flow?
I-F-M-E tells you what you need to know
[Verse 2]
Budget deficit screaming red alerts tonight
Tax revenue declining, expenditures take flight
Primary balance matters more than total debt
Interest coverage ratios place the safest bet
Pension obligations lurking off the books
Central bank independence, take a deeper look
[Chorus]
I-F-M-E, remember what to see
Institutional power, Fiscal policy
Monetary flexibility, External vulnerability
Four pillars standing, sovereign clarity
When the treasury stumbles, where's the money flow?
I-F-M-E tells you what you need to know
[Bridge]
Foreign currency reserves versus import needs
Current account balance where the danger feeds
Exchange rate pressure when the speculators bite
Dollar denominated debt keeps bankers up at night
[Verse 3]
Central bank can print to monetize the pain
But inflation monster breaks the currency chain
Political stability versus populist revolt
Demographics shifting like a lightning bolt
Compare the peer group, benchmark every score
Qualitative factors open up the door
[Chorus]
I-F-M-E, remember what to see
Institutional power, Fiscal policy
Monetary flexibility, External vulnerability
Four pillars standing, sovereign clarity
When the treasury stumbles, where's the money flow?
I-F-M-E tells you what you need to know
[Outro]
Sovereign credit analysis decoded
Four dimensions properly loaded
Investment grade or junk today
I-F-M-E shows the way