8. Conclusion
PRSPs if well managed, they stand a chance of helping home countries reduce poverty in the medium term and eventually in the long-term move out of poverty. Otherwise if they are not well managed and own domestically then they will just be new conditionalities imposed by the World Bank and IMF to the highly indebted countries of the world. So, management, ownership, participatory monitoring including civil society are very crucial for either making PRSPs as an opportunity for development or as a new conditionality.
PRSP can be a chance for a new and meaningful development policy if: well funded, priority sectors/areas well managed; Donors/development partners meet their obligation timely; Civil society participate in implementation, monitoring and evaluation; Communities ownership of programs increases and their priorities are taken on board.
However, PRSPs could be a new imposed conditionality if: Policies are dictated from World Bank and IMF; Government under-fund priority sectors/areas earmarked in PRSP; and Donors don't meet their funding obligations
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