IMF Representatives and Business Leaders Discussed the Investment Climate and Economic Resilience

18/ 08/ 2025

Recently, an important meeting took place in Lviv between representatives of the IMF, the EBA Lviv Western Ukrainian Office of the European Business Association, and Invest in Lviv. The discussion focused on key challenges for business in wartime conditions, including the impact of military risks on the investment climate, logistics issues, access to financing, and job retention. A significant part of the conversation was dedicated to tax policy. The participants discussed which decisions could help minimize the shadow economy, protect compliant businesses that operate transparently, and reduce tax and administrative pressure on companies. The meeting also addressed investment opportunities in Western Ukraine, particularly in manufacturing, infrastructure, energy, and innovative projects that can become drivers of economic recovery. Institutional solutions to strengthen economic resilience were discussed separately, including improvements to the regulatory environment, support for small and medium sized businesses, export development, and Ukraine’s integration into global markets. We thank the IMF representatives for their openness to dialogue and willingness to hear the Western Ukrainian business community, as well as Lviv City Council for participating in a constructive discussion. Special thanks to Jam Factory Art Center for their hospitality and for creating a space where important ideas for the country’s future are born.

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Recently, an important meeting took place in Lviv between representatives of the IMF, the EBA Lviv Western Ukrainian Office of the European Business Association, and Invest in Lviv.

The discussion focused on key challenges for business in wartime conditions, including the impact of military risks on the investment climate, logistics issues, access to financing, and job retention.

A significant part of the conversation was dedicated to tax policy. The participants discussed which decisions could help minimize the shadow economy, protect compliant businesses that operate transparently, and reduce tax and administrative pressure on companies.

The meeting also addressed investment opportunities in Western Ukraine, particularly in manufacturing, infrastructure, energy, and innovative projects that can become drivers of economic recovery.

Institutional solutions to strengthen economic resilience were discussed separately, including improvements to the regulatory environment, support for small and medium sized businesses, export development, and Ukraine’s integration into global markets.

We thank the IMF representatives for their openness to dialogue and willingness to hear the Western Ukrainian business community, as well as Lviv City Council for participating in a constructive discussion.

Special thanks to Jam Factory Art Center for their hospitality and for creating a space where important ideas for the country’s future are born.