BAD : The military government loaned millions of dollars from the world bank.
GOOD : The military government borrowed millions of dollars from the world bank.
loan = (1) (noun) a sum of money that you borrow, usually from a bank: 'They are currently negotiating a $100 million loan.'
(2) (verb) lend a painting, work of art etc to an art gallery or museum: 'The pictures have been loaned to the National Gallery for the forthcoming exhibition.'
(3) (verb; especially in American English) let someone use something; lend: 'Why don't you ask John if he'll loan you his car?'
borrow = receive money or something that a bank or person agrees to lend you: 'By the end of the war the Canadian government had borrowed over $5 million from its own citizens.'