The Liverpool striker felt some discomfort in his knee during a training session on Wednesday and was scheduled for surgery shortly after.
The Uruguayan FA has since confirmed the procedure was a success in a statement and expect him to play a part in Brazil, where they face England, Italy and Costa Rica in Group D.
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"A scan was performed and the partial injury on his external meniscus was confirmed.
"This morning, Luis Suarez had arthroscopic surgery on a partial meniscus resection at the Medica Uruguayan clinic. There were no other injuries on his knee.
"He is not ruled out for the World Cup in Brazil.
"It is worth pointing out that the player received a direct knock to his left knee during Liverpool's last Premier League match (v Newcastle) on May 11. He rested after that match and the pain eased since the league was over."