Digital Donations: A Revolutionary Step Towards Transparent Politics and Curbing Corruption in Elections
Summary
In Nepal, digital donations are emerging as a revolutionary method to promote transparency in political funding and curb corruption in elections by enabling small, public contributions and reducing the influence of vested interest groups.
Key Points
- Elections in Nepal have become expensive and heavily influenced by vested interests, leading to policy corruption and state capture.
- Some candidates are adopting digital donations to gather small, transparent contributions from the public, aiming to reduce crony capitalist influence.
- Digital donations provide a clear financial trail, helping to curb the influx of black money and improve accountability in election funding.
- Challenges remain, such as ensuring donor identity verification, preventing money laundering, and requiring candidates to disclose detailed financial reports post-election.
