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National Blueprint · One of 195

Holy See

The sovereign see of the Catholic Church in Rome, with diplomatic relations with 184 states and a patrimony of €2.69 billion held by APSA at the end of 2025.

Perfect Nations values what Holy See owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).

Holy See at a glance

Work with usRead the Letter to Holy See

What we do for Holy See

Assets. Capital. Solutions.

Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.

  1. 01AssetsThe cupFive sovereign assets, valued, from The Patrimony to The Property.
  2. 02CapitalThe laurelsOne instrument on record, sourced.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Health is furthest from reach today.

The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.

01Assets · The cup · Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can carry Holy See toward seven basic standards of living for every citizen.

  • €2.69bnNet equity of APSA, end of 2025

    The Patrimony

    A patrimony held to serve a mission rather than to earn.

  • 184States with diplomatic relations, January 2026

    The Diplomacy

    Relations with almost every state, and a voice for those still far from the Living Line.

  • 33.5mPilgrims to Rome, Jubilee Year 2025

    The Pilgrims

    Visitors from across the world who come to the see of Peter.

  • €815MNet equity of the IOR, 2025

    The Bank

    An institute that holds the savings of religious orders and serves the works of the Holy See.

  • 4,281Property units managed by APSA in Italy, 2025

    The Property

    Homes and buildings whose rents sustain the Holy See.

Every figure, with its sourceThe Sovereign Assets ledger

02Capital · The laurels · Capital Architecture

A patrimony held for a mission.

Bonds, guarantees, swaps and loans that raise capital against what Holy See owns, every line sourced.

Capital Architecture

The record in figures

  • €2.69bnNet equity of the Administration of the Patrimony of the Apostolic See (APSA) at the end of 2025, up €89 millionAPSA, 2026
  • €22.7MAPSA contribution to the needs of the Roman Curia in 2025APSA, 2026
  • €51MNet profit of the Institute for the Works of Religion (IOR) in 2025IOR, read in ANSA, 2026

Capital already committed

  • ImpactPlannedAgrivoltaic plant, Santa Maria di Galeria

    APSA · Projects for 2026

    A solar plant over farmland at Santa Maria di Galeria, among APSA’s projects for 2026.

    Holy See

    Source

The Holy See Newswire

The Solutions Wire
Chiara Romano, Nation Steward of Holy See

Chiara RomanoNation Steward of Holy See · SI Researcher

Already working in the Holy See.

Independent firms and social enterprises already at work in Holy See, highlighted by Perfect Nations. None is a partner of Perfect Nations.

Suggest an enterprise

  • The first firms and social enterprises at work in Holy See are being gathered.

    Name one already at work there: it may be highlighted here, with its source.

03Solutions · The seven stars · Perfect Capita

Perfect Holy See, star by star.

Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with the Holy See in its own prices.

How Perfect Capita works
Holy See: the seven stars of the logo, one for each basic standard of living, rising from the cup; Food is the larger centre star. Each star carries the figure for Holy See.WATER–SHELTER–ENERGY–FOOD–EDUCATION–HEALTH–LIVELIHOOD–
Not measured
Health · furthest from reachThe WHO service coverage index is not published for the Holy SeeWHO

Tap a star for its figure and source.

The price of Perfect Holy See

To be set with Holy See, from its own figures and in its own prices: Perfect Capita times the people of Holy See, each year.

Read more
  • FoodNot measuredNo FAO measure of food insecurity is published for the Holy SeeFAO
  • WaterNot measuredNo WHO/UNICEF measure of drinking water is published for the Holy SeeWHO/UNICEF
  • ShelterNot measuredNeither safely managed sanitation nor urban slums is measured for the Holy SeeWHO/UNICEF
  • EnergyNot measuredNeither clean cooking nor electricity access is published for the Holy SeeWorld Bank
  • EducationNot measuredNeither learning outcomes nor lower-secondary completion is published for the Holy SeeWorld Bank
  • HealthNot measuredThe WHO service coverage index is not published for the Holy SeeWHO
  • LivelihoodNot measuredNo poverty survey for the Holy See is published by the World BankWorld Bank

Perfect Nations estimate, to be confirmed with the Holy See. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures

Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking; where electricity per person is not published, clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group (US$8.30 a day for high-income nations). Each figure links to its source.

Solutions for Perfect Holy See

All Solutions

  • Solutions

    The first Solution for Holy See is in preparation.

    Every Solution names the challenge to the seven standards, the deal that meets it and what Perfect Nations advises.

Perfect Nations® · Letters to the NationsHoly See

Dear Holy See,

You hold a patrimony of €2.69 billion, relations with 184 states and the attention of millions of pilgrims.

Read more

The seven standards are not measured for the Holy See itself; your reach is measured in the lives of others. Let your patrimony and your diplomacy carry the Living Line to every nation that has not yet reached it.

“Carry the Living Line to every nation that has not yet reached it.”

Yours in design,Preeti SinhaPresident and CEO, Perfect Nations

Work with us · The ReDesign Studio

The Perfect Holy See ReDesign Studio

One mission, three depths: the same four moves for Holy See, taken as far toward market as you choose.

Read more

For the Holy See, its development partners and investors. Scope and fees are agreed in writing before any work begins.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments

  1. Mandate 013 hours

    The Nation Briefing

    A private session for the people who decide.

    You leave withThe gap, named and sized

    Read more
    1. 01The five sovereign assets on this page, walked through.
    2. 02The seven standards measured with your own data, and the Gap, found.
    3. 03The instruments that could close the Gap, shortlisted.
    4. 04The path to market, outlined.
    Request a Nation Briefing

  2. Mandate 023 days

    The Blueprint Lab

    Your team and ours, working the blueprint together.

    You leave withThe structure, drawn

    Read more
    1. 01The ledger tested against your ministries’ own data.
    2. 02Each of the seven standards costed in local prices.
    3. 03One financing structure, drawn with your team.
    4. 04A term sheet and the partners to approach.
    Plan a Blueprint Lab

  3. Mandate 03End to end

    The Sovereign Mandate

    Led personally by the President and CEO.

    You leave withA structure ready for market

    Read more
    1. 01A full sovereign asset ledger, valued and verified.
    2. 02Perfect Capita set and agreed with government, with a monitoring plan.
    3. 03The full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Taken to investors and development partners, through to close.
    Discuss a Sovereign Mandate

Co-design it with us

Where the people of the Holy See and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect Holy See into being.

    Up to 1,500 words on your vision of Perfect Holy See, published with your name.

    Submit your writing

  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect Holy See.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Holy See already own, and how could it pay for a decent life for every citizen?”

    Nominate yourselfSuggest a guest

  • Co-designers

    Join the community.

    Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Holy See.

    Become a Co-designer

The Holy See ReDesign Studio is open

Design Perfect Holy See with us.

Share your vision, suggest a guest, or write to us: every message receives a personal reply.

Enter the ReDesign StudioWrite to usAll 195 nations
Sources
  1. World Bank, World Development Indicators (API), accessed 10 November 2026: population and ages 0 to 14, 2025; land area and agricultural and forest land; renewable fresh water per person, 2022; natural resource, oil, gas and mineral rents, 2021; renewable electricity output, 2021; tourism receipts; personal remittances; electricity access and clean cooking.
  2. The seven standards: FAO food insecurity, WHO/UNICEF JMP water and sanitation, UN-Habitat urban slums, World Bank clean cooking, learning poverty and lower-secondary completion, and poverty headcounts (all via the World Bank); WHO UHC service coverage index, 2023.
  3. IMF, World Economic Outlook, October 2026 (DataMapper, accessed 10 November 2026): general government gross debt, 2025, and real GDP growth projected for 2026.
  4. APSA: Bilancio 2025 (Holy See Press Office) and Vatican News, July 2026.
  5. Holy See Press Office: informative note on diplomatic relations, 9 January 2026.
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