Brazil is still attracting a tide of unfamiliar approach investment even after a crime liaison involving a beef industry, a country’s financial apportion pronounced Wednesday.
The scandal, that pennyless in March, stems from a two-year Brazilian military investigation, that suggested how meat-packers paid off inspectors and politicians to disremember practices that embody estimate decaying beef and shipping exports with traces of salmonella.
With only 21 in 4,800 beef estimate plants involved, Brazilian Finance Minister Henrique Meirelles pronounced a peculiarity of his country’s beef doesn’t worry him.
“I don’t worry about that, we consider that is flattering safe,” he told CNBC.
“The doubt now is one of a producers assuring everybody a peculiarity is good and really inspections will be done and peculiarity is going to be analyzed, that is satisfactory and good for everybody concerned during a finish of a day,” Meirelles said.
As unfamiliar approach investment into Brazil is diversified and mostly not into beef production, inflows are still clever and growing, he added.
Addressing a array of scandals and crime investigations in Brazil of late, Meirelles pronounced a routine will eventually be beneficial.
“We are fundamentally saying a routine in Brazil, that we during a finish of a day will leave a nation in a most stronger and improved figure institutionally — and that is important,” he said.
“I’ve met some officials from other countries who tell me… ‘My nation would not tarry a kind of routine that Brazil is going through,’” he added. “And we consider that’s good for a country: This will leave a stronger Brazil.”
—Aza Wee Sile contributed to this article.