SUMMARY
The authors in the present article, ask about the role of the International Fi- nancial Institutions in the promotion of institutional reforms on Latin America and the characteristic of its programs, where we can find a particular form of conceive the relationship between democracy and market through the concept of governance. The analysis involve a reflection of the most important IFIS like: The World Bank, Interamerican Development Bank and International Monetary Fund. Instituciones Financieras Internacionales, Gobernabilidad democrática, Reformas judiciales, Derecho y mercado International Financial Institutions, Democratic governance, Judicial reforms, Law and market.