The economic impact of the global pandemic on developing countries is very significant, affecting various aspects of people’s lives. One of the main impacts is a decline in economic growth. Countries such as Indonesia, Nigeria and Brazil experienced sharp economic contractions due to reduced demand for goods and services, as well as loss of job opportunities. According to a World Bank report, GDP growth in developing countries could shrink by up to 7%, which has implications for increasing poverty rates. In the context of international trade, developing countries also feel a big impact. Travel restrictions and global lockdowns are causing disruption to supply chains. Many companies that depend on exports are unable to meet international demand, reducing their revenues. In addition, fluctuating commodity prices add to the challenges for countries that rely on natural resources. The tourism sector, which is one of the economic pillars of many developing countries, has experienced a drastic decline. Countries such as Thailand and the Maldives, which rely on foreign tourist visits, are facing huge losses due to border closures. This not only reduces foreign exchange earnings, but also has a negative impact on local employment. Education and health have also been adversely affected. School closures increase dropout rates, especially in rural areas. Many students do not have access to the technology necessary for distance learning, exacerbating educational inequality. In the health sector, developing countries are struggling to deal with the COVID-19 crisis with limited health systems and a lack of resources. Foreign direct investment was also affected. Economic uncertainty makes many investors postpone or cancel planned investments. As a result, infrastructure projects that were expected to increase economic growth were hampered. Without investment support, developing countries risk being trapped in a prolonged cycle of poverty. The arrival of remittances from migrant workers is also affected. Many workers have lost their jobs due to the pandemic, so remittances to their home countries have decreased. Remittances are an important source of income for many families in developing countries, and their decline can increase the economic vulnerability of communities. However, not all impacts are negative. The pandemic is driving technology adoption and innovation in business. Many companies in developing countries are adapting by building digital platforms, which allow them to reach new markets. In addition, the government is starting to pay attention to the importance of a better health and social protection system. From a policy perspective, many developing countries responded by passing stimulus packages to support their economies and societies. This includes direct cash assistance, loans for small businesses, as well as economic recovery programs. Despite facing huge challenges, it is time for developing countries to improve and create systems that are more resilient to future crises. Investments in infrastructure, education and health will be key to building back a stronger and more sustainable economy.