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 first term in office, APRA and Vargas Llosa's party, the FREDEMO, remained in control of both chambers of Congress, the Chamber of Deputies and the Senate, hampering the enactment of economic reform. Fujimori also had difficulty combatting the Maoist Shining Path () guerrilla organization due largely to what he perceived as intransigence and obstructionism in Congress. By March 1992, Congress met with the approval of only 17% of the electorate, according to one poll; the president's approval rate stood at 42%, in the same poll. In response to the political deadlock, Fujimori, with the support of the military, on 5