With just days until Ecuador’s February 7 presidential election and four months remaining on President Lenin Moreno’s mandate, the Ecuadorian government and right-wing elites are still scrambling to privatize the country’s central bank.

The process involves fast-tracking an emergency law dubbed the Humanitarian Support Organic Law, which will “lockdown” the central bank, siphon it from the public sector, and place Ecuador’s financial sovereignty at the whims of private interests.

According to right-wing figures and the country’s mainstream media apparatus that protects and serves its interest, the unconstitutional move is being touted as a necessity.

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