First, the loan object is different. Loans from the International Monetary Fund are granted to member governments, which use them. World Bank loans are granted to public and private institutions guaranteed by member governments and central banks, while loans are used by public and private institutions and enterprises. Second, the purpose and conditions of the loan are different. The IMF's loan is to adjust the balance of payments of member countries, so its loan must be linked to the improvement plan of balance of payments, also known as planned loan. However, World Bank loans are developmental, aiming at promoting the resource development and economic development of member countries, so loans must be linked to specific development projects, also known as project loans. Third, the loan period is different. The International Monetary Fund provides short-term credit, while the World Bank provides long-term loans. Fourth, loans are used for different purposes. The International Monetary Fund issues and recovers loans through purchase and repurchase, while the World Bank issues loans in multiple currencies. In general, the contractor or material supplier undertaking the loan project pays in the currency of the country where the contractor or supplier is located; If the local materials are provided by the contractor of the borrowing country, they shall be paid in the currency of the borrowing country; If local suppliers buy imported materials, they will pay in the currency of the exporting country.