Kathmandu, June 17 -- Despite sweeping political transformations over the past decades, Nepal has failed to achieve a corresponding economic transformation due to weak institutions, policy instability and poor implementation of reforms, experts said on Tuesday.

Speaking at "Bodhi Sambad", a dialogue forum hosted by the Centre for Social Innovation and Foreign Policy in Kathmandu, policymakers and business leaders stressed the need for structural reforms and warned against recurring policy inconsistencies and delays in implementing recommendations.

"Over the past decades, we have witnessed changes in the political system. We have seen changes in governments. We have seen changes in the constitution," Finance Minister Swornim Wagle said w...