Democratic Socialist Party has decided to vote in favour of the Millennium Challenge Corporation (MCC).

The Parliamentary Party meeting held at the party's central office in Babarmahal on Wednesday decided to vote in favour of the MCC, a leader, who attended the meeting, said.

The party decided to stand in favour of the MCC saying that is a development programme, the leader said.

The Democratic Socialist Party has 13 lawmakers in the Parliament.

The government tabled the MCC in the House of Representatives on Sunday.

The Parliament meeting has been called for Thursday to take the proposal ahead.

Signed in September 2017, the MCC compact is an assistance under which the United States will provide $500 million to Nepal for electricity transmission lines and road maintenance.

The United States has given the government of Nepal a deadline of February 28 for the parliamentary ratification of the MCC.