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 the money to Montesinos but claimed that he had later paid back the money to the state. On 20 July, the court found him guilty of embezzlement and sentenced him to a further seven and a half years in prison. A fourth trial took place in September 2009 in Lima. Fujimori was accused of using Montesinos to bribe and tap the phones of journalists, businessmen and opposition politicians – evidence of which led to the collapse of his government in 2000. Fujimori admitted the charges but claimed that the charges were made to damage his daughter's presidential election campaign. The