Complete database of events related to the internal armed conflict in Peru, extracted from the Final Report of the Truth and Reconciliation Commission (CVR). 5,159 events documented from 1817 to 2003.
The Chamber of Deputies of the Peruvian Congress did not grant the extraordinary powers requested by the Minister of Economy to legislate on taxation. This decision took place in a context of growing conflict between the Executive Branch and the Congress, due to the recent deluge of legislative decrees issued …
The Executive Power, using the powers granted by Congress, published a provision regulating the General Sales Tax (IGV) rate at 14% and the Selective Consumption Tax by means of Legislative Decree 655. However, Supreme Decree 180-91 of Economy and Finance suspended the application of the simplified regime of the general …
The president of the Inter-American Development Bank (IDB), Enrique Iglesias, acknowledged the important effort made by the Peruvian government to achieve its reinsertion in the international financial system. Iglesias announced that his institution would approve a first credit for US$1.1 billion in September. This announcement came in the context of …
President Alberto Fujimori Fujimori announces that the Rio Group will grant a bridge loan of around US$100 million. This announcement comes in the context of the economic reforms implemented by the government, which included measures to reform the Peruvian state and foreign trade. The loan was part of the government's …
The Peruvian government and the International Monetary Fund (IMF) have reached an agreement on the program that the country must follow to achieve its reinsertion into the international financial system. This agreement comes after minister Juan Carlos Hurtado Miller reiterated before the congressional standing committee on January 3 that the …
Minister Juan Carlos Hurtado Miller appeared before the permanent committee of Congress to report on the negotiations with the International Monetary Fund (IMF). In his presentation, the minister reiterated that the negotiating mission with the IMF had not reached a final agreement with the international financial institution. Hurtado Miller explained …
On August 28, 1990, the PCP-SL called the fourth armed strike in protest against the package of economic measures known as the Fujishock. This strike coincided with that called by the CGTP, although with different political objectives.
Presidential candidate Alberto Fujimori Fujimori presents the outlines of his government plan for Cambio 90. The plan is basically aimed at stabilizing the country's economy. To achieve this objective, he proposes to reduce the hyperinflation that was affecting Peru at the time. The proposal includes the promotion of both domestic …
Víctor Raúl Lavado Olivera, a professor at the School of Economics, who lived in the city of Jauja, was arrested along with his brother at his home by a group of hooded soldiers. His whereabouts were never heard of again. In his syllabus of Historical Materialism he included fundamental documents …
On July 10, 1989, the Minister of Economy, César Vásquez Bazán, addressed a message to the country requesting workers and businessmen to reach a National Agreement. The message had three basic objectives: to reduce inflation, to establish a healthy dynamic of selective growth and to promote changes demanded by the …
On June 14, 1989, the Minister of Economy, César Vásquez Bazán, announced that the Central Reserve Bank (BCR) would raise the passive interest rate that banks and financial companies pay to savers. This economic measure takes place in a context of economic crisis during the government of Alan Garcia Perez. …
President Alan García Pérez announces the start of an economic reactivation program to boost agriculture, industry and construction. This announcement was made in the context of a serious economic and political crisis that the country was going through. The program sought to reactivate key sectors of the Peruvian economy that …
After three years of suspension, the Peruvian government formally resumes dialogue with representatives of private creditor institutions. The meeting was held with 11 representatives of the 200 private creditor institutions of more than US$4 billion. This event is framed in the context of the serious economic crisis that the country …
The Minister of Economy Carlos Rivas Dávila announces the increase in the price of gasoline by 63% of the dollar. This economic measure would raise the prices of controlled foodstuffs according to the new production costs. The announcement is made in a context of serious economic crisis, since 1988 had …
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 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 …
On August 31, 1988, the Peruvian government terminated the negotiations with Shell for the exploitation of Camisea gas, since the term stipulated in the respective basic agreement signed at the beginning of the year had expired. This decision took place in a context of political and economic tension during the …
In a message to the nation, Prime Minister Armando Villanueva del Campo announced increases in a series of food products and readjustments in salaries and wages. This announcement was made in a context of economic crisis and adjustment measures implemented by Alan Garcia's government. Increases in basic products and salary …
On March 25, the legislative decree that creates the system of self-managed banks in the country is published, qualifying as such those in which its workers "are direct owners of more than 50% of the shares representing the capital stock". President Alan García Pérez signs the legislative decree that qualifies …
President Alan Garcia Perez unveiled an economic program that he described as a 'war economy', after a long meeting with the so-called economic group made up of ministers, officials and advisors. This program was approved by the Council of Ministers and combined orthodox and heterodox economic measures. The announcement took …
On January 9, 1988, the Izquierda Unida (IU) deputy Fernando Sanchez Albavera made a public denunciation about the management of the international reserves of the Central Reserve Bank of Peru (BCR). According to the denunciation, the BCR had handed over the management of international reserves to the Swiss company Sogest. …
The Peruvian government decides to devalue the national currency by an average of 50%. This economic measure takes place in the context of tensions with international financial organizations such as the IMF, which had declared Peru ineligible in August of that year. The devaluation is part of the economic policies …
The Inter-American Development Bank (IDB) suspended disbursements of approved loans to Peru due to Peruvian arrears. This followed a previous decision by the World Bank (WB), which had also suspended its disbursements for the same reason. The suspension occurred in a context of tensions between the government of Alan Garcia …
The Prime Minister and Minister of Economy, Luis Alva Castro, announced that the State will prosecute officials of all hierarchy who committed the Banco de la Nación as guarantor of a debt of 9 billion soles. This statement was made in the context of financial irregularities detected in the management …
Alan García Pérez inaugurated the XII Meeting of the Latin American Economic System (SELA) in October 1986. During the event, the Peruvian president affirmed that Latin America and the Caribbean should create an organization that "is not ashamed of political coordination. At this meeting, Peru received expressions of solidarity in …
The Peruvian government created the Inti as the country's new monetary unit. This economic measure came into effect on February 1, 1985, during the administration of President Fernando Belaunde Terry. The creation of the Inti was part of the economic policies implemented in a context of economic crisis and political …
The MRTA carried out an action similar to the Villa El Salvador attack on the house of Carlos Rodríguez Pastor, Minister of Economy at the time. This action was part of the MRTA's armed propaganda phase.
Carlos Rodríguez Pastor resigned as Minister of Economy in March 1984. He was replaced by José Benavides Muñoz, who held the portfolio of Energy and Mines, which was assumed by Juan Incháustegui Vargas. Previously, in May 1983, members of the governing party had criticized Rodríguez Pastor. In October 1983, the …
The Congress of the Republic approved the General Budget of the Republic for the following year. This approval took place in a complex political and economic context, marked by the terrorist violence of the PCP-SL and the MRTA, as well as by a serious economic crisis. The Minister of Economy …
On December 1, 1983, the Minister of Economy appeared before the Chamber of Deputies. This appearance took place in the context of a serious national economic crisis, where the government was facing criticism for its management of the economy and the foreign debt negotiations. Minister Carlos Rodríguez Pastor had been …
On May 31, 1983, it was announced that inflation surpassed the three-digit mark for the first time in Peru's history, reaching 101.4% in the annual accumulated figure from May 1982 to May 1983. This economic milestone occurred in the context of a serious economic crisis that worsened during that year. …
In mid-July 1982, the Peasant Federation of the Apurimac River Valley (FECVRA) decided to enter directly into the commercialization of the valley's products, seeking to break the monopoly of the large traders. This initiative represented an effort by the peasant organization to improve the economic conditions of its members through …
Between census periods, the economically active population (EAP) in Ayacucho decreased from 154,000 to 131,000 people, and in Huancavelica from 107,000 to 104,000. This decrease was mainly due to the impact of the internal armed conflict in these regions, which were the most affected by violence. The reduction of the …
Between 1980 and 1991, the subversion caused the loss of two billion dollars by destroying the structure of high-tension electricity towers. According to ELECTRO-PERU, the number of towers demolished in 1989 was 335. Total losses were estimated at US$ 600 million according to ELECTRO-PERU. This destruction of electrical infrastructure was …
The second great historical moment of the Andean South was characterized by attempts at capitalist modernization based on the introduction of technical improvements and the proletarianization of the peasants. This period is framed between two historical moments: after the expansion of the commercial houses of Arequipa and the haciendas of …
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