It was established in 1951 by Rafael Franco, President of Paraguay from the February Revolution of 1936 until his overthrow in August 1937.

[2] A year and a half later, he was overthrown in a coup that brought the Liberal Party's Félix Paiva to power and went into exile.

Franco established the Revolutionary Febrerista Party, named after the revolution, on 11 December 1951 in Buenos Aires, Argentina.

The party was legalised in 1964 as it was no longer deemed to be a threat to President Alfredo Stroessner.

For the 2008 elections, the party was part of the Patriotic Alliance for Change, which won two seats.