Alberto Fujimori Tariffs were radically simplified, the minimum wage was immediately quadrupled, and the government established a $400 million poverty relief fund. The latter seemed to anticipate the economic agony to come: the price of electricity quintupled, water prices rose eightfold, and gasoline prices 3,000%. However, many do not attribute the Fujishock to Fujimori. In the 1980s, the IMF created a plan for South American economies called the Washington Consensus. The document, written by John Williamson in 1990, consists of ten measures that would lead to a healthy economic policy. Under pressure from the International Monetary Fund (IMF), the Peruvian government was
Alberto Fujimori where he submitted his presidential resignation via fax. Congress refused to accept his resignation, instead voting 62–9 to remove Fujimori from office on the grounds that he was "permanently morally disabled." On 19 November, government ministers presented their resignations en bloc. Because Fujimori's first vice president, Francisco Tudela, had broken with Fujimori and resigned a few days earlier, his successor Ricardo Márquez came to claim the presidency. Congress, however, refused to recognize him, as he was an ardent Fujimori loyalist; Márquez resigned two days later. Paniagua was next in line, and became interim president to oversee the April elections. When