Alberto Fujimori impeachment proceedings. On 3 October 2018, the Peruvian Supreme Court reversed Fujimori's pardon and ordered his return to prison. Fujimori is credited by many Peruvians for bringing stability to the country after the violence and hyperinflation of the García years. While it is generally agreed that the "Fujishock" brought short/middle-term macroeconomic stability, the long-term social impact of Fujimori's free market economic policies is still hotly debated. Neoliberal reforms under Fujimori took place in three distinct phases: an initial "orthodox" phase (1990–92) in which technocrats dominated the reform agenda; a "pragmatic" phase (1993–98) that saw the growing influence of business elites
Alberto Fujimori undermining public faith in the state and precipitating an exodus of elites. By 1992, Shining Path guerrilla attacks had claimed an estimated 20,000 lives over preceding 12 years. On 16 July 1992 the Tarata Bombing, in which several car bombs exploded in Lima's wealthiest district, killed over 40 people; the bombings were characterized by one commentator as an "offensive to challenge President Albert Fujimori." The bombing at Tarata was followed up with a "weeklong wave of car bombings ... Bombs hit banks, hotels, schools, restaurants, police stations and shops ... [G]uerrillas bombed two rail bridges from the Andes, cutting off