The United States has been deeply involved in Latin American affairs for over a century, but promoting democracy has only recently become a priority. The end of the Cold War presented a unique opportunity to provide greater support for democracy in the Western Hemisphere. This article examines the main multilateral and bilateral actions undertaken by the United States to promote democracy in Latin America in recent decades. It makes use of a newly available dataset that specifies the investment made on democracy in different countries and sectors between 1990 and 2005. It also addresses the challenges that the United States confronts in promoting democracy in the region at the current time and the possible scenarios for the near future.