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 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