Srilanka, June 29 -- As Sri Lanka charts its growth path, prioritising investments in resilient, inclusive development is an urgent necessity and a strategic opportunity to boost economic activity, create jobs, and improve overall welfare, while safeguarding against the growing impacts of Climate Change, the World Bank stated in Sri Lanka Country Climate and Development Report issued on Friday. "Climate Change poses significant challenges for Sri Lanka: potential economic losses could range from 3.3-3.5 percent of Gross Domestic Product (GDP) by mid-century due to reduced labour productivity from heat stress, decreased agricultural yields, and intensified flooding in urban and rural areas," the Report stated.

The Bank said that these ad...