Ecuador plans to renegotiate all of its World Bank debt and is analyzing whether to revamp its loans with the multilateral lender, the Andean Development Corporation or CAF, Economy Minister Ricardo Patino said on Friday.

The minister’s announcement came a day after Ecuador said it would seek to renegotiate its loans with the Inter-American Development Bank as part of President Rafael Correa’s promise to tackle the poor Andean country’s foreign debt load.