Alberto Fujimori

Fujimori implemented shock therapy economic reforms, including privatization of state enterprises, elimination of price controls, and reduction of tariffs. These policies ended hyperinflation and stabilized the economy, but also led to increased poverty and inequality in the short term.

Fujimori, a political outsider, won the Peruvian presidential election, defeating novelist Mario Vargas Llosa. He ran on a platform of economic reform and anti-corruption, inheriting a country plagued by hyperinflation and the Shining Path insurgency.

Fujimori's intelligence service captured Abimael Guzm

Fujimori staged a self-coup, dissolving Congress, suspending the constitution, and purging the judiciary. He claimed the action was necessary to fight corruption and the Shining Path. The coup was condemned internationally but supported by the military and many Peruvians.

Fujimori resigned the presidency while in Japan, after a corruption scandal involving his intelligence chief Vladimiro Montesinos. He remained in exile in Japan for five years, avoiding prosecution until his arrest in Chile in 2005.