The economic impact of the global pandemic on developing countries is complex and varied. One of the impacts is a drastic reduction in economic growth. Many developing countries that previously relied on the tourism, industry and trade sectors experienced contractions. For example, the tourism sector, which employs millions of people in countries such as Thailand and Indonesia, has ground to a halt, resulting in bankruptcies and mass unemployment. As a result of the economic downturn, many developing countries experienced an increase in public debt. To overcome this crisis, governments in these countries tend to take loans, both from international financial institutions and private investors. This debt accumulation can burden state budgets in the long term, reducing investment in infrastructure development and important public services such as education and health. On the other hand, the pandemic has also affected global supply chains. Countries that depend on exports of raw goods and manufactured products are experiencing a decline in demand. For example, farmers in Sub-Saharan Africa have difficulty selling their agricultural produce, resulting in financial losses and increased poverty. The social impact of this situation is no less important. Many people in developing countries are losing their jobs, and the middle class is shrinking. Economic uncertainty drives people to withdraw from investments in education and health, which further hinders long-term development. A survey stated that more than 70% of households in developing countries experienced financial difficulties due to the pandemic, which had an impact on people’s mental and physical health. However, apart from challenges, several developing countries also find opportunities. The accelerated digital transition, for example, has changed the way businesses operate. E-commerce and digital financial services are increasingly being used, providing wider access for communities previously marginalized by traditional economic systems. Investments in public health and digital infrastructure show the potential to build greater economic resilience. Countries such as Kenya and Bangladesh have improved their telecommunications infrastructure, allowing people to stay connected even in crisis situations. Governments and international institutions are also increasingly focusing on sustainability in recovering the economy after the pandemic. Programs that emphasize environmental sustainability and social inclusion can help developing countries emerge from this crisis in a more adaptive way. For example, investments in renewable energy and sustainable agriculture can open new jobs and strengthen food security. It is important for developing countries to create policies that encourage inclusive growth, while maintaining public health. Program(s) that target women and other vulnerable groups specifically can be very effective. In short-term efforts, attention must be given to adaptive economic recovery. Society and the government need to work together so that the negative impacts arising from this pandemic can be minimized. In addition, close international collaboration is expected to bring support to developing countries in the form of financial and technical assistance. By implementing the right strategy, developing countries can not only recover from the crisis, but also transform to become more resilient in the future.