WASHINGTON, Oct. 16 (TNSLrpt) -- The Inter-American Development Bank issued the following white paper on Oct. 16, 2026, entitled "Natural Disasters, Adaptation and Default Risk."

Here are excerpts:

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This paper studies how sovereign default risk shapes public investment in climate adaptation. We build a sovereign default model in which governments invest in adaptation to reduce disaster damages. Sovereign risk depresses adaptation through two . . .

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