, Nov. 24 -- Bangladesh can accelerate the adoption of climate-smart solutions that not only reduce vulnerability but also drive sustainable development by strengthening institutions and partnerships between government, the private sector and communities.

"Prioritising these actions will empower households and firms and ensure that progress toward long-term prosperity is both resilient and inclusive," says a World Bank report titled "From Risk to Resilience: Helping People and Firms Adapt in South Asia.

The report released on Monday said that about one-third of climate-related losses could be avoided if the private sector is able to move resources and investments where they are needed most in response to climate pressures.

Even with ti...