World Bank Group headquarters building in Washington DC, USA. The World Bank says developing countries are increasingly seeking credit from the international financial institution at an alarming scale. Demands for World Bank loans have reached levels not seen outside of financial crises as developing countries struggle with a weak global economy, said the monetary organization prior to its biannual... 

The World Bank has put off a 90-million-dollar loan to Uganda, citing a new anti-gay law in the East African country that has already drawn criticism from the US and Europe, which control the global lending institution. “We have postponed the project for further review to ensure that the development objectives would not be adversely affected by the enactment of this new law,” claimed a...