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 days left in his term, President Humala said that there was insufficient time to evaluate a second request to pardon Fujimori, leaving the decision to his successor Pedro Pablo Kuczynski. On 24 December 2017, President Kuczynski pardoned him on health grounds. Kuczynski's office stated that the hospitalized 79-year-old Fujimori had a "progressive, degenerative and incurable disease". The pardon kicked off at least two days of protests and led at least three congressmen to resign from Kucyznski's party. A spokesman for Popular Force alleged there was a pact that, in exchange for the pardon, Popular Force members helped Kuczynski fight ongoing