The 2011 ICP for Asia and the Pacific: Institutional Arrangements

Chellam Palanyandy Regional Coordinator 2011 ICP for Asia and the Pacific

RDTA 7507: 2011 International Comparison Program for Asia and the Pacific Regional Advisory Board Meeting 20-21 May 2010, ADB Headquarters

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Outline of Presentation
    Letter of No Objection Framework of Partnership Data Requirements Regional Work plan

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Letter of No Objections

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

 Sought the concurrence of governments to participate in Research and Development Technical Assistance 7507 (RDTA 7507) – 2011 ICP for Asia and the Pacific  Invitation to participate was extended to 22 countries
• High Income: Brunei Darussalam; Hong Kong, China; Singapore; and Taipei,China. • Southeast Asia: Cambodia, People’s Republic of China, Fiji Islands, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, Mongolia, Philippines, Thailand, and Viet Nam.

• South Asia: Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka.
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Letter of No Objections
 Status

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

− Of the 22 economies invited, 19 already signed and forwarded their LNO to ADB −Awaiting concurrence from India, Indonesia and Thailand −Macao, China, a non-ADB member country but was part of the 2005 ICP have reaffirmed their support to ICP and will be participating at their own expense

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Framework of Partnership
 Purpose  Synopsis  Key Tasks of the Regional Coordinating Agency  Key Tasks of the National Implementing Agency  Timeframe

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

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Framework of Partnership
 Purpose

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

− Establishes the general framework that will guide the program of work between the ADB and the National Implementing Agencies for the management and implementation of the 2011 ICP Asia Pacific − Will operate under the overall guidelines established in a MOU between the WB and ADB − To be implemented from 2010-2013
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Framework of Partnership
 Synopsis

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Management and coordination of the ICP is needed at three levels: global, regional and national. ADB as the Regional Coordinating Agency - is charged with the overall coordination, implementation and accountability of the regional program and will be assisted by a Regional Advisory Board (RAB) National implementing agency – is responsible for the implementation, overall coordination, accountability, and day to day management of the 2011 ICP Asia Pacific at the national level

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Framework of Partnership
 Key Tasks of the RCA

− −

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Foster country participation, mobilize resources, and coordinate the national programs Provide mechanisms to ensure countries take full ownership of the program Ensure countries observe standard data collection and processing as set forth by RCA through collaborative work with the NIAs and the ICP Global Office.

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Framework of Partnership
 Key Tasks of the RCA

− −

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Establish archiving and international data sharing and dissemination procedures Liaise with the ICP Global Manager and the other regional coordinators Compile regional PPPs and undertake analysis of the data and reports

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Framework of Partnership
 Key Tasks of the NIA

− − −

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Identify an ICP National Coordinator to be the focal point for communications with the RCA Participate in regional meetings, training and data review workshops as needed Provide inputs and assistance in the finalization of the 2011 ICP product lists Design a comprehensive plan of action for national level activities that will cover the ICP period (2010-2013)
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Framework of Partnership
 Key Tasks of the NIA

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Prepare, submit to the RC and implement a comprehensive price survey design framework; Ensure that data collection is carried out for all items based on agreed upon specifications and geographic coverage (including outlets types) Ensure that national accounts activities are carried out in accordance with the 1993 (or 2008) SNA requirements and according to agreed upon procedures and time schedules
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Framework of Partnership
 Key Tasks of the NIA
− −

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Transmit price data according to the basic principles on data access policies (See Appendix A) Submit to ADB the quarterly and annual national average prices for regional and global items identified in the pricing lists with appropriate documentation Submit to the ICP Global Office the annual average prices of the global core and regional lists to be used in linking the regions and computing global results; Submit to ADB and the ICP Global Office, the GDP expenditure estimates at the 155 BH with appropriate metadata and documentation
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Framework of Partnership
 Key Tasks of the NIA

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ


− −

Participate in the intra and inter-country review of validation, consistency and diagnostic reports of prices, basic heading parities and weights; Assist in resolving any queries arising from data analysis by the RC ; Prepare country report highlighting the experiences during the 2011 ICP Asia Pacific Create national ICP databases and maintain detailed data and metadata archives; and
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Framework of Partnership
 Timeframe

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Effective as soon as it has been signed by both RCA and NIA Will continue until the conclusion of the 2011 Round of the International Comparison Program in 2013

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Data Requirements
• Price data • National accounts data • Other Data Needs
– Population – Exchange rates

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

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Price data requirements
Annual national average prices Household consumption products

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Product list: (to be decided)
– include global and regional list (including sub regional list)

• Frequency: monthly (except for selected items) • Observations: minimum 15 quotations per quarter (more for larger economies) • Coverage: national including rural & urban areas • Outlet type: supermarket; dept. store; traditional market etc.

• Prices: transaction prices

For ICP 2011 the term “representative” will be replaced by “important”.
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Price data requirements
• Machinery and equipment • Construction • Government compensation

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

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National Accounts

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

• The SNA 93 framework will be used for compiling the 2011 ICP • There are three approaches to measuring GDP – expenditure – production – Income

• The expenditure approach is required for the ICP
• Coverage should be exhaustive
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Main expenditure aggregates
• • • • • • •

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Individual consumption expenditure by households Individual consumption expenditure by NPISHs Individual consumption expenditure by government Collective consumption expenditure by government Gross fixed capital formation Change in inventories & acquisitions less disposals of valuables Balance of exports and imports

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The Expenditure Classification
GDP main aggregates further divided into

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

• 26 Categories
• 61 Groups • 126 Classes • 155 Basic Headings – this is the level at which national accounts data are required for the ICP

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Structure of the Classification
Main Aggregates 11.00 Individual consumption expenditure by households 12.00 Individual consumption expenditure by NPISHs 13.00 Individual consumption expenditure by government 14.00 Collective consumption expenditure by government 15.00 Gross fixed capital formation 16.00 Change in inventories and acquisitions less disposals of valuables 17.00 Balance of exports and imports GDP Categories Groups

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Classes

Basic Headings 110 1 21 5 12 4 2 155

13 1 5 1 3 2 1 26

43 1 7 1 6 2 1 61

90 1 16 5 11 2 1 126

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Regional Work Plans

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

1. SETTING UP THE GOVERNANCE STRUCTURE 1.1 Building partnership with DMCs (Feb 2010 – Jun 2013) 1.2. ICP Global Office Collaboration (Feb 2010 – Dec 2013) 1.3. Regional Advisory Board Meetings (May 2010 – April 2012)

1.4. Heads of National Implementing Agencies Meetings (May 2010 – Jun 2013)
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Regional Work Plans

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

2. PRESURVEY OPERATIONS (Feb 2010 – Dec 2010) 2.1 Development of the 2011 product lists and catalogues (Feb 2010 – Dec 2010) 2.2 Drawing-up of the 2011 ICP Sampling Survey Designs and Framework for national price surveys (Jun 2010 – Oct 2010) 2.3. Technical discussions on the 2011 ICP methods 2.4. Software development for data entry, processing, and analysis; deployment; and, technical support (Feb 2010 – Mar 2012)
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Regional Work Plans

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

3. DATA COLLECTION AND VALIDATION, and PPP COMPUTATION (Oct 2010 – Jun 2013) 3.1. Conduct of price surveys; data collection and intracountry validation (Oct 2010 – May 2012)

3.2 Conduct of Regional data review and validation activities (June 2010 – July 2012)
3.3 Computation and validation of un-weighted PPPs at the basic heading level (Apr 2011 - Mar 2012) 3.4 Compilation and estimation of 2010/2011 GDP expenditure weights (Oct 2010 – July 2012)

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Regional Work Plans

The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

3. DATA COLLECTION AND VALIDATION, and PPP COMPUTATION (Oct 2010 – Jun 2013) 3.5 Computation of weighted PPPs and PPP-adjusted GDP and major aggregates (May 2012 - Apr 2013) 3.6 Compilation of the 2011 midyear resident population and exchange rates 3.7 Presentation of PPP-based measures for 2011 (Apr 2013 - Mar 2013) 3.8 Preparation of 2011 ICP Asia Pacific Final (Aug 2012 – Jul 2013)

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The 2011 ICP For Asia and the Pacific: Institutional Arrangements First Meeting of the RAB, 20 May 2010, ADB HQ

Any Questions?

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