What is the difference between the IMF and World Bank?

The IMF (International Monetary Fund) and World Bank both aim to enable and encourage international trading, however their specific goals are different. The IMF aims to stabilise currencies (making trade affordable), they do this by suggesting policies based on a country's economic performance and giving out loans to cover debt payments, which come with conditions (Think SAP's). The World Bank's goal is to reduce poverty and increase the involvement of developing countries in international markets, they do this by creating plans for reforming certain failing sectors and making sure the framework for growth is available (supporting school/hospital creation and broadening internet coverage).They are also structured differently. The IMF is mainly funded by member countries but the World Bank gets more money by trading bonds. The World bank always goes through or at least gets approval from the local government but the IMF deals with private companies as well as government.