Economic Transformation Strategy
CHAPTER 1 / INTRODUCTION
Any vision should be a picture of the future which creates passion. Following nation-wide consultation, a consensual,
long-term national vision emerged as "A resilient, responsible and prosperous nation of healthy, educated and em-
powered Seychellois living together in harmony with nature and engaged with the wider world." The national vision
spans over a fifteen-year period, echoing the prolonged desire to see continuous progress and sustainable develop-
ment. Vision 2033 provides the high-level direction for the future of the Seychellois people.
The theme adopted for Vision 2033 is 'Towards a sustainable and inclusive future' and this will be rolled out through
the implementation of a series of three five-year National Development Strategies (NDS), beginning with the first NDS
for 2019-2023. The Vision will act as the compass that sets the clear and decisive direction for our desired destination
and the three NDS's will be the vehicles on which the nation will embark to undertake the journey to the year 2033.
NDS 2019-2023 presents a unique opportunity to kick-start the transformation of Seychelles. Based on the six pillars
of the NDS, we can plan and prioritise key areas of focus within each of the pillars. This will allow us to ensure resourc-
es for these focus areas are allocated appropriately in the national budget process, as well as providing a guiding light
for the mobilisation of resources in collaboration with our development partners, both domestic and foreign.
The pillars touch all walks of Seychellois society. The everyday citizen, the businesswoman, the young professional
and the retired individual are all targeted by its goals and strategies, thus ensuring a multifaceted approach to the
development of our nation. Each of the goals requires a set of specific strategies for successful attainment.
Good governance, transparency, and accountability will set the scene for a society in which all stakeholders feel
included and protected from harm. Moreover, it will give added credibility to government and therefore create confi-
dence in the business and investment climate.
People at the centre of development captures two key elements, namely participation and inclusivity. It also recog-
nises that development outcomes need to focus on people's experiences: a long and healthy life; quality education;
decent work and an acceptable standard of living.
Social cohesion ensures peace harmony and unity. Seychellois must endeavour to become united as one people.
Diverging opinions must be understood, tolerated and accepted as part of daily life. The emphasis must be on finding
common ground, building strong community ties and working towards spiritual wellbeing.
Having an Innovative Economy, underpinned by advances in science, technology and innovation for development is a
compulsory catalyst for national development. It will serve as a platform for linking the relevant implementing bodies.
Implications for e-commerce and e-government are major considerations going forward. We live in the digital age and
we can expect this to further develop in terms of sophistication. A successful Seychelles must, by its very nature, be
a connected, digitalised Seychelles, embracing the fourth industrial revolution.
Economic transformation will bring about a rise in our standard of living. We look to our large ocean economy as one
of the main drivers of growth and development. Tourism, fisheries, mariculture, energy generation and resource ex-
traction are just some of the key areas of interest and focus going forward.
Environment sustainability and resilience ensure that in all aspects of development, the integrity of the natural environ-
ment is considered carefully. Our unique biodiversity and ecosystems serve as the basis for the tourism industry and
sustainable development as a whole. In the short, medium and long term, the right balance needs to be struck when
considering development pathways. They must be sustainable, climate-smart and reasonably "green".
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