, Oct. 16 -- Investing in climate adaptation and resilience is not a cost, it is a powerful economic strategy that can generate trillions in global economic gains, create millions of jobs, and safeguard vulnerable countries like Bangladesh, according to a report released on Thursday.

The report, "Returns on Resilience: Investing in Adaptation to Drive Prosperity, Growth & Competitiveness, was unveiled by a consortium of 20 organizations led by the international group Systemiq during the World Bank and IMF Annual Meetings in Washington, D.C.

It finds that every dollar invested in adaptation can yield returns equivalent to ten dollars. For countries like Bangladesh, strategic investment in climate resilience and adaptation now could prote...