Recently, the HSBC Global Asset Management and the International Finance Corporation ( IFC ), the financial arm of the World Bank Group, had announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO). Nearly $474 million (~₹36 billion) was raised to support climate mitigation investments across the emerging markets. In June 2019, the International Finance Corporation, along with HSBC Global Asset Management, had announced the first global green bond fund aimed at real economy issuers in developing markets, to help in improving accessibility to climate finance and enhance green bond markets.