FeatureInternational Monetary Fund (IMF)World Bank (IBRD & IDA)
Primary ObjectiveMonetary cooperation, exchange rate stability, BoP assistanceReconstruction, development, poverty elimination
Lending FocusShort-term, conditional loans for policy reformsLong-term loans/credits/grants for development projects and policy reforms
Source of FundsQuotas (25% in SDR/hard currency, 75% in domestic currency), borrowingsShare capital (subscribed by members), issuance of bonds (main source for IBRD), contributions from governments (for IDA)
ConditionalityUsually conditional loans to address crisis causesUsually concessional loans, may have conditions
Target CountriesAll member countries facing BoP problemsMiddle-income/creditworthy poor (IBRD), poorest countries (IDA)
LeadershipManaging Director (conventionally from Europe)President (conventionally from US)
Key ReportsWorld Economic Outlook, Global Financial Stability ReportWorld Development Report, Global Economic Prospects
Membership190 members189 members (membership conditional on IMF membership)