The New Croatian Initiative was founded by former Bosnian Presidency member Krešimir Zubak on 24 June 1998, who had previously left the Croatian Democratic Union (HDZ BiH).[1] The party consisted mainly of liberals, the majority of whom were dissidents from the HDZ BiH.[2] Zubak believed that its leaders didn't care about the interests of Croats in Central Bosnia.
After several months of negotiations, on 1 October 2007, the party was merged into the Croatian Peasant Party.[2]