While both the IMF and the World Bank are Bretton Woods institutions, a key difference in their primary focus is that the IMF deals primarily with short-term balance of payments issues and currency stability, whereas the World Bank focuses on:

Explanation

The IMF provides financial assistance to countries facing short-term balance of payments problems for economic stabilization. The World Bank, conversely, focuses on long-term economic development by providing loans and grants for specific projects and policy reforms aimed at reducing poverty and improving living standards.