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1 online resource (33 pages) : color illustrations.
Title from PDF title page (IMF Web site, viewed Sept. 24, 2012).
"Prepared by the Western Hemisphere Department, in consultation with other departments"--Page 2 of pdf.
"April 18, 2012"--Page 2 of pdf.
Colombia's very strong track record of macroeconomic policy management, underpinned by robust fiscal and monetary policy frameworks, has reduced vulnerabilities in recent years and helped weather the global financial crisis. The authorities' policy focus has shifted from supporting the recovery through appropriate countercyclical measures to rebuilding policy buffers through fiscal consolidation, the normalization of monetary policy, and a strengthening of the reserve position.
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