The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan participated in a meeting with members of a nationwide coalition and financial sector representatives to discuss the President’s initiative on constitutional changes and the main provisions of a draft new Constitution, including their potential impact on the development of the financial sector. The discussion focused on the proposed constitutional norms aimed at strengthening the rule of law, protecting citizens’ rights, and improving the effectiveness of public administration, and how these could shape a stable legal and institutional environment for financial markets. Agency Chair Madina Abylkassymova highlighted provisions covering the constitutional status of the national currency and the possibility of creating territories with a special financial regime to attract investment and stimulate economic growth, alongside an emphasis on legal stability and predictability of state policy. Sector representatives, including the Kazakhstan Association of Financiers and the Association of Kazakhstan Microfinance Organizations, linked institutional stability, regulatory transparency, judicial independence, protection of property rights, and stable business rules to investment attractiveness and long-term capital formation.

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