The president and chief executive officer of MetLife, Inc., New York (NYSE: MET), presented economic policy recommendations to the G20 in Cannes, France, today as part of the 2011 “B20 Summit” of business leaders.
“Only by achieving this balance can we meet our twin goals of assuring financial security and spurring job creation,” said MetLife President and CEO Steven A. Kandarian.
MetLife says the B20 Summit was formed to allow business leaders to provide policy ideas to heads of state and finance ministers of the world’s largest economies. Kandarian was the co-convener, along with President Laurence Parisot of the French business association MEDEF, of the B20’s Economic Policies working group.
In Cannes, Kandarian presented the group’s recommendations at roundtable discussions with Prime Minister Recep Tayyip Erdoan of Turkey and President Dmitry Medvedev of Russia.
“Kandarian said. “Only by achieving this balance can we meet our twin goals of assuring financial security and spurring job creation.”
The Economic Policies working group made four overarching recommendations to the G20:
Ensure sound public finance to boost long-term economic growth.
Foster entrepreneurship, development of small- and medium-sized enterprises (SMEs), and job creation.
Reduce the uncertainty hampering economic growth by communicating clear objectives, increasing transparency, and reinforcing International Monetary Fund (IMF) surveillance.
Expand capital markets to promote long-term private investments.
Detailed information on the B20 business summit is posted here.