Finance officials from the Group of Seven industrialized nations are set to meet Friday in Washington to address the financial meltdown.

CNN: Bush calls for confidence in 'anxious time'

Washington also pledges to support Russia's increased participation in major international economic organizations like the World Trade Organization and the Group of Seven industrialized nations.

CNN: Clinton And Yeltsin Agree To Disagree

On the upside, the Organization for Economic Cooperation and Development separately raised its first-quarter GDP forecast for countries in the Group of Seven industrialized nations to 1.9% from 1.5%.

FORBES

More brainstorming is needed, especially within the Asia-Pacific Economic Cooperation forum and at an imminent meeting of the Group of Seven industrialized nations, whose banks hold much of the Indonesian debt at the root of the crisis.

CNN: Indonesia's Agony