DBK Discusses Referendum on Draft New Constitution

• 05.03.2026
• Press releases

DBK Discusses Referendum on Draft New Constitution

At the Development Bank of Kazakhstan (a subsidiary of Baiterek Holding; hereinafter - DBK, the Bank), an extended staff meeting was held to explain the provisions of the draft new Constitution and discuss the upcoming national referendum scheduled for 15 March 2026.

During the meeting, the Bank's management and employees discussed the impact of constitutional reforms on economic stability, development institutions and the country's long-term investment climate.

Addressing colleagues, Marat Yelibayev, Chairman of the Management Board of DBK, emphasised that for a financial institution working with strategic investment projects, updating the Basic Law is a critically important stage.

"DBK is at the forefront of economic transformation. We understand that investment attractiveness is impossible without legal certainty; large-scale projects designed for 15-20 years require strong institutions and protection of property rights while the modernisation of the economy, as emphasised by the President, begins with the modernisation of the regulatory and legal framework. The new Constitution establishes an updated foundation for public governance, embedding a transition to a more balanced and accountable model of power. This directly affects the resilience of the financial system, the stability of the banking sector and strengthens the confidence of international partners," Marat Yelibayev noted.

Indira Rystina, Member of the Management Board and Vice-Rector of L.N. Gumilyov Eurasian National University, PhD and political scientist, also addressed the meeting. She spoke in detail about the preparation of the constitutional reform and the draft new Constitution of Kazakhstan, explaining how the special working commission was formed and outlining the key provisions aimed at modernising public administration, strengthening guarantees of citizens' rights and freedoms, and improving the institutional architecture of the state.

Karlygash Akhmetzhanova, Director of DBK's Legal Support Department, then provided a detailed overview of the main amendments proposed to the current Constitution of Kazakhstan.

Following the meeting, participants exchanged views on how the draft Constitution's focus on human capital development and technological modernisation would help foster a transparent and predictable business environment. The importance of the upcoming referendum and the vote on 15 March was underscored, along with the significant role played by the civic engagement of every citizen of Kazakhstan in the country's development.