Corruption Perception Index of Nepal
Nepal scored 33 points out of 100 on the 2020 corruption perceptions index and scored 34 points in the previous year (2019), but slightly higher than the previous two years. The corruption perception score in Nepal climbed by 11 points between 2010 and 2020.
Nepal's performance in the 2020 corruption perception index is below average when compared to other nations. In 2020, the index score for Nepal rose from a low of 22 in 2010 to a high of 33 in 2020.
The primary anti-corruption law in the nation is called the Prevention of Corruption Act, which makes it illegal to bribe people, launder money, abuse power, and accept bribes in exchange for favors in both the public and private sectors. Due to insufficient implementation and enforcement, the level of corruption in the nation remains unchecked.
Outlook on Corruption Perception Index
The Corruption Perceptions Index (CPI), a ranking system for nations based on how corrupt their public sectors are viewed to be, is used to compare the levels of corruption in various nations. Results are displayed on a scale from 0 to 100, where 0 corresponds to highly corrupt and 100 to exceptionally noncorrupt.
Among the major nations with the lowest levels of corruption worldwide are Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland. Finland, Switzerland, Singapore, and Sweden were next with a score of 85 in 2020, while Denmark and New Zealand got the highest score of 88 out of 100. Somalia and South Sudan, both of which received a score of 12 out of 100 in 2020, are among the nations with the highest levels of corruption worldwide.
Determinants of Corruption Perception Index
Political and Economic Environment:
Monetary policy is influenced by the political and economic environment, which also has a significant impact on the corruption phenomenon.
Level of GDP:
It has been shown that countries with relatively low GDP per capita levels often have higher levels of corruption. Apart from that, early developing countries frequently have lower corruption rankings.
Country Size:
Countries with low population densities and broad geographic areas are more susceptible to corruption because it is challenging to police public officials in dispersed locations.
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