Latin America is not a single country.
Each will have a different process for the election of officials.
They set up Republics all over Latin America.
I'm not sure: is this the Sandanista in Nicaragua ?
Monarchy. All these territories were incorporated to the Spanish Empire, and in some instances, were ruled by viceroys.
Spain and Latin America
The Caixa Economica Federal is a federal bank that is located in the heart of Brazil. It is the largest government-run financial institution in all of Latin America.
Latin America is a region and does not have a government. The individual countries that are in Latin America have democracies for the most part.
Colombia is a country, and it was one of the first in Latin/Soulth America that had a democratically elected government. The current president is Álvaro Uribe Vélez
Cuba does
REPUBLIC!.
They set up Republics all over Latin America.
The U.S. feared communism was spreading to Latin America.
Latin America is a region of racial and cultural diversity.
Regular Government like the USA
Latin America is a cultural region that spans Mexico, most of Central America, the Caribbean and South America. As such, there are several countries within the region, having different types of government. The most common is the representative republic.
To answer this you have to be a socialist.
Underdeveloped Infrastructure (apex;)
Most of them are republics. Some are federal republics, some are centralized republics; there is one communist regime in Latin America (Cuba).