Alberto Fujimori peace agreement with Ecuador over a border dispute that had simmered for more than a century. The treaty allowed the two countries to obtain international funds for developing the border region. Fujimori also settled some issues with Chile, Peru's southern neighbor, which had been unresolved since the 1929 Treaty of Lima. The 1995 election was the turning point in Fujimori's career. Peruvians began to be more concerned about freedom of speech and the press. However, before he was sworn in for a second term, Fujimori stripped two universities of their autonomy and reshuffled the national electoral board. This led his
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