Economy of Peru policies with the so-called ´Fuji Shock´of August 7, 1990. Alberto Fujimori Fujimori ( ; born 28 July 1938) served as President of Peru from 28 July 1990 to 17 November 2000. A controversial figure, Fujimori has been credited with the creation of Fujimorism, defeating the Shining Path insurgency in Peru and restoring its macroeconomic stability. However, he was criticized for his authoritarian way of ruling the country (especially after 1992) and was accused of human rights violations. Even amid his prosecution in 2008 for crimes against humanity relating to his presidency, two-thirds of Peruvians polled voiced approval for his leadership
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