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
Judiciary reform in Peru under Alberto Fujimori deeply affected by terrorism and the Judiciary branch of the country was enveloped with corruption and bureaucracy. By the elections of 1990 it was obvious that fighting terrorism with the state of that institution was going to be difficult because of the sluggish pace of the institution and also the low rate of convictions of those accused of terrorism; under a 10% conviction rate. For this reason during his inaugural speech Fujimori promised to reform the Judiciary. During the first two years of his administration there were few changes to the Judiciary. This was a result of the opposition controlling