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National Blueprint · One of 195

Seychelles

An ocean nation of 123,000 people in the western Indian Ocean, a high-income economy built on tourism and fishing, and the issuer of the world’s first sovereign blue bond in 2018.

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

Seychelles at a glance

Work with usRead the Letter to Seychelles

What we do for Seychelles

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 Visitors to The People.
  2. 02CapitalThe laurels4 instruments and investments on record, every one sourced.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Shelter 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 Seychelles toward seven basic standards of living for every citizen.

  • 18.4%Of export earnings from visitors, 2020

    The Visitors

    Granite islands, coral atolls and Aldabra: a visitor economy that pays for the ocean it shows.

  • 58.5%Of the land under forest, 2024

    The Forest

    Standing forest that stores carbon and water, and can earn as it stands.

  • 4.5%Of electricity from renewable sources, 2021

    The Clean Grid

    Almost all power still comes from imported fuel; the 2025 renewable programme opens it to private solar.

  • 460 km²Land area, 2023

    The Land

    Small land, vast ocean: granite and coral islands across the western Indian Ocean.

  • 122,730Citizens, 2025

    The People

    19.8% are under fifteen: the workforce and the market of the next generation.

Every figure, with its sourceThe Sovereign Assets ledger

02Capital · The laurels · Capital Architecture

The ocean as the balance sheet.

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

Capital Architecture

The record in figures

  • $30MSecond Sustainable and Inclusive Growth Development Policy Operation, announced May 2026World Bank, 2026
  • $15MThe world’s first sovereign blue bond, October 2018, for marine protection and sustainable fisheriesWorld Bank, 2018
  • 51.2%General government gross debt, share of GDP, 2025IMF, WEO Oct 2026
  • 18.4%Tourism receipts, share of export earnings, 2020World Bank, 2020

Capital already committed

  • MultilateralApprovedSecond Sustainable and Inclusive Growth Development Policy Operation$30M

    IBRD · May 2026

    Reforms for resilience, transparency and jobs; benefits rose across six social protection programmes under the first operation.

    World Bank

    Source
  • MultilateralApprovedThird Fiscal Sustainability and Climate Resilience DPF$25M

    IBRD · Approved 11 January 2024

    Budget support for fiscal and climate reforms.

    World Bank

    Source
  • MultilateralApprovedSolid Waste Management Project$5M

    IBRD · Approved 14 May 2024

    Waste services for the main islands.

    World Bank

    Source
  • MultilateralDisbursingIMF arrangements

    IMF · Outstanding credit SDR 90.49 million, 31 March 2026

    IMF support for reform and climate resilience.

    IMF

    Source

Already working in Seychelles.

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

Suggest an enterprise

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

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

03Solutions · The seven stars · Perfect Capita

Perfect Seychelles, 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 Seychelles in its own prices.

How Perfect Capita works
Seychelles: 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 Seychelles.WATER64.7%SHELTER51.3%ENERGY99%FOOD85.7%EDUCATION93.2HEALTH80LIVELIHOOD74.7%
51.3%
Shelter · furthest from reachCity dwellers outside slums; 48.7% live in slums; safely managed sanitation is not measuredUN-Habitat, 2022

Tap a star for its figure and source.

The price of Perfect Seychelles

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

Read more
  • Food85.7%Not food insecure; 14.3% are moderately or severely food insecure, datedFAO, 2017
  • Water64.7%Safely managed drinking waterWHO/UNICEF, 2024
  • Shelter51.3%City dwellers outside slums; 48.7% live in slums; safely managed sanitation is not measuredUN-Habitat, 2022
  • Energy99%99% cook with clean fuels and technology; 100% have electricityWorld Bank, 2024
  • Education93.293.2% of young people complete lower secondary schoolWorld Bank, 2024
  • Health80WHO service coverage indexWHO, 2023
  • Livelihood74.7%Above the national poverty line; 25.3% live below it, datedWorld Bank, 2018

Perfect Nations estimate, to be confirmed with Seychelles. 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 Seychelles

All Solutions

  • The Solution for SeychellesShelter

    Ring-fence bond money for homes and sanitation.

    • 01The challenge48.7% Of city dwellers in Seychelles live in slums. UN-Habitat, 2022
    • 02The dealSocial bond, proved in Ecuador, 2020: $400M for affordable homes. Inter-American Development Bank, 2020
    • 03What Perfect Nations advisesNations where shelter is furthest from reach should issue a social bond whose proceeds can be spent only on eligible homes, toilets and sewers. With super intelligence, each unit can be planned, priced and verified, and reported to investors every year, until every family has a safe home.
    Co-design it inThe ReDesign StudioThe three mandates
Perfect Nations® · Letters to the NationsSeychelles

Dear Seychelles,

You were among the first to finance the ocean with a blue bond, and your islands earn their living from the sea and from those who come to see it.

Read more

Almost all your power still burns imported fuel. Bring the same invention to the grid that you brought to the ocean, and every island can run on sun.

“We financed the ocean first. Now let the sun power every island.”

Yours in design,Preeti SinhaPresident and CEO, Perfect Nations

Work with us · The ReDesign Studio

The Perfect Seychelles ReDesign Studio

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

Read more

For the Government of Seychelles, 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. 02Shelter, the standard furthest from reach, and the Gap, explained.
    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 Seychellois and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect Seychelles into being.

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

    Submit your writing

  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect Seychelles.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Seychelles 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 Seychelles.

    Become a Co-designer

The Seychelles ReDesign Studio is open

Design Perfect Seychelles 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. World Bank press releases of 30 June 2025, 27 March and 6 May 2026; World Bank projects P178210 and P181243.
  5. IMF country page for Seychelles (outstanding credit, 31 March 2026).
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