Maoists have been waging a 'people's war' against the Nepalese state since 1996 in a conflict that has left 14,000 people dead.
In May, a new interim government was formed by the country's seven leading political parties after a successful national campaign to put an end to the absolute rule of the Nepalese monarch, King Gyanendra.
Since then, a mutual ceasefire has been in place and a series of talks have been held to try and restore peace in the Himalayan kingdom.
"We feel that we will eventually resolve all our problems by reaching a final decision in time," said senior Maoist leader and negotiator Krishna Mahara, adding that thorny issues like arms management, forming an interim government and the future of the monarchy had not been thrashed out.
"All of us are hopeful that we will definitely reach a historical decision on Thursday and then move towards building a new Nepal," Mahara said.
nn/sc/jl
This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions