Alan Garcia Perez assumed the Presidency of the Republic of Peru on July 28, 1985. In his message to the nation, he stated that he would only pay for foreign debt 10% of total exports. He also proposed the creation of the Peace Commission. His cabinet was previously announced in …
The Minister of the Interior, Abel Salinas Eyzaguirre, announced the arrest of 71 people implicated in various acts of terrorism in April 1987. Of those arrested, 46 were linked to the PCP-SL (Communist Party of Peru - Shining Path) and 25 to the MRTA (Tupac Amaru Revolutionary Movement). This police …
Minister Abel Salinas Eyzaguirre announces the government's decision to initiate contacts with international financial organizations. On September 8, in the Senate, he presents the government's economic plan. On September 13, President Alan García Pérez admits that the government made a mistake in maintaining a consumerist policy for too long, with …
In September 1988, a cabinet reshuffle took place in the government of Alan Garcia Perez. This ministerial change took place in a context of serious economic crisis, with food shortages that had generated strong public protests days before. On September 8, Minister Abel Salinas Eyzaguirre announced the government's decision to …
On September 8, 1988, in the Senate, Minister Abel Salinas Eyzaguirre announced the government's decision to initiate contacts with international financial organizations. This announcement takes place in a context of severe economic crisis, days after a major food shortage that generated strong public protests. On September 23, Peru formally returned …
President Alan Garcia Perez publicly admitted that the government was wrong to maintain a consumerist policy for too long. This policy had kept gasoline prices, interest rates and the dollar artificially low. Garcia acknowledged that this economic strategy ended up impoverishing the Peruvian state. This statement came in the context …
On September 22, 1988, a march of empty pots was held in Lima as a popular protest against the economic measures announced by the government. This demonstration was part of a series of protests that arose after Minister Abel Salinas Eyzaguirre announced new economic measures on September 8. The march …
On September 23, 1988, Peru returned to the international financial community, explicitly to the IMF and the World Bank. This decision had been announced days before by Minister Abel Salinas Eyzaguirre on September 8, when the government admitted that contacts with international financial organizations would be initiated. The return demanded …
Minister of Economy Abel Salinas Eyzaguirre announces a second set of economic adjustment measures. These measures come in the context of a serious economic crisis, after the same minister had announced in September the government's decision to initiate contacts with international financial organizations and Peru's return to the IMF and …