The global financial crisis from 2007 to 2009 was the worst since World War II, causing significant losses in the banking sector. While developed countries struggled to recover, developing countries like those in Africa were also affected. The crisis led to a deep global recession, prompting a review of economic policies. The main causes of the crisis in advanced countries were analyzed, along with its impact on developing nations. The response to the crisis focused on helping countries recover and improve their economic well-being.