Christopher Adam: Key Principles for Disaster Risk Financing and Public Policy

Christopher Adam (Professor of Development Economics, Oxford Department of International Development) emphasizes the importance of addressing climate risks and disaster financing within the broader context of public policy and macroeconomic management. He highlights key challenges faced by emerging markets, including constrained fiscal space, narrow financial markets, and the coordination of fiscal and monetary policy. He also underscores the need for complementarity between the public and private sectors, effective risk management, and the "appropriability problem" in public investments, where returns are often dispersed and long-term.