In 2013, the World Bank’s private sector arm, the International Finance Corporation, injected $85 million into Minerva.
The money was for expansion of the meatpacker’s operations in Brazil, Paraguay, Uruguay and Colombia, granted on the condition that an environmental and social action plan be implemented in all those countries.
The IFC understood that Minerva’s activities represented environmental and social risks, including deforestation, child labor, forced labor and land conflicts.
Seven years later, the company has become Latin America’s leading beef exporter, but continues to face criticism over the uncertain origin of its products.
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