Insurance companies, pension funds, and retirement funds represent a considerable volume of long-term savings, capable of supporting structural investments and stabilizing the national economy. Their ability to mobilize stable resources offers states a credible alternative to foreign financing, reducing vulnerability to international capital flows and fluctuations in global markets.

The active involvement of these actors in financing infrastructure, housing, or industry could promote a more efficient allocation of capital and strengthen the resilience of local financial markets. However, this mobilization remains partial. Available financial instruments are still limited, and liquidity in secondary markets is often low, forcing these investors to favor conservative investments, with little focus on financing projects with a high economic impact.

Regulatory frameworks, while cautious, impose restrictions that limit financial innovation and hinder the adaptation of institutional portfolios to the real needs of the economy. While this caution aims to protect the savings of policyholders and contributors, it also contributes to maintaining structural underinvestment in key sectors.

Fully mobilizing these savings therefore requires rethinking the balance between regulatory security and investment flexibility. The emergence of suitable products, improved market depth, and greater transparency in investment mechanisms are all levers for aligning the objectives of institutional investors with the country's macroeconomic needs.

Beyond the financial stakes, mobilizing long-term national savings represents a matter of economic sovereignty. It determines the State's ability to direct resources towards its strategic priorities, while consolidating the confidence of private actors and stabilizing the medium- and long-term development trajectory.