Fiji, Nov. 6 -- The current El Niño is highlighting the vulnerability of economies to climate shocks, with droughts and extreme rainfall threatening food production, energy supplies, infrastructure and livelihoods, the World Bank says.

The Bank says countries must invest in climate resilience as part of their development strategies to protect livelihoods, create jobs and sustain economic growth.

In a new assessment of lessons from its Country Climate and Development Reports (CCDRs), the World Bank says climate shocks can quickly become major development challenges, with impacts varying across countries and regions.

"Drought can wither crops and drain the reservoirs that power homes and factories. Heavy rainfall can wash away schoo...