Xinhua world economic news summary at 0900 GMT, July 26

BUCHAREST -- The World Bank Group's Board of Executive Directors has approved development loan totalling 599.1 million euros (650.5 million U.S. dollars) for Romania to support its economic and environmental sustainability.

The loan is aimed at helping Romania promote fiscal consolidation and sustainability, and increase pension system equity, said the bank group in a statement Thursday. (Romania-Loan-World Bank