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
1990 South American Games at the Central American and Caribbean Games at Ciudad de México taking place almost at the same time, and sent no athletes. Venezuela also preferred to participate at the Central American and Caribbean Games, but sent at least a small contingent of 56 athletes. The medal count for these Games is tabulated below. This table is sorted by the number of gold medals earned by each country. The number of silver medals is taken into consideration next, and then the number of bronze medals. 1990 South American Games The IV South American Games (Spanish: "Juegos Sudamericanos"; Portuguese: "Jogos Sul-Americanos") were