Money and politics are intrinsically interlinked.
However, if the financing of political parties and election campaigns is not adequately regulated, money will be used for undue influence and policy capture by narrow private interests. This will disable inclusive growth and decrease trust in government and ultimately in democratic processes. And this is unfortunately true in today’s world.
Sticking with the status quo is not an option.
There is an urgent need to better regulate the origin and destination of funds, and to do so in a transparent manner. Since the early 2000s, International IDEA has worked on improving the role of money in politics. Initially, we mainly focused on well-designed political finance regulations.