ICP 2021: Governance

Governance of ICP 2021

The ICP Governance Framework adopted in November 2016 sets out the structure and role of the ICP governance bodies used for both the 2017 and 2021 cycles.

The national implementing agencies who collectively represented the ICP regions on the ICP Governing Board for the 2021 cycle were from following countries: Finland (Co-Chair); South Africa (Co-Chair); Argentina; Kazakhstan; Malaysia; Mexico; Nepal; Qatar; Samoa; Senegal; and Suriname. As per the framework, international and regional organisations also sat on the Board.

The Technical Advisory Group (TAG) for the 2021 cycle was chaired initially by Sir Angus Deaton (Princeton University), with Paul Schreyer (OECD) assuming the Chair role in November 2023. The Group also consisted of Alan Heston (University of Pennsylvania), D.S. Prasada Rao (University of Queensland), Mary O’Mahony (King’s College London), Michel Mouyalo-Katoula (former ICP Global Manager), Robert C. Feenstra (University of California-Davis), W. Erwin Diewert (University of British Columbia), and Xianchun Xu (Tsinghua University). In February 2024 Nada Hamadeh (former ICP Global Manager), Paul Konjin (Eurostat), and Robert Inklaar (University of Groningen) joined the Group.

The World Bank continued its role as the global implementing agency for the ICP 2021 cycle with the ICP Global Office located at the Bank’s headquarters in Washington, DC. The regional implementing agencies for the 2017 cycle continued in those roles for the 2021 cycle: the African Development Bank (AfDB) for the Africa region; the Asian Development Bank (ADB) for the Asia and the Pacific region; the Interstate Statistical Committee of the Commonwealth of Independent States (CIS-STAT) for the Commonwealth of Independent States; the United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC) for the Latin America and the Caribbean region with support from the Caribbean Community (CARICOM); and the United Nations Economic and Social Commission for Western Asia (UN-ESCWA) for the Western Asia region. The Eurostat-OECD PPP Programme contributed to the global ICP, with Eurostat responsible for ICP activities for the European economies and the OECD for the non-European OECD economies and other OECD accession economies. Together, these implementing agencies, along with the International Monetary Fund (IMF) comprised the ICP Inter-Agency Coordination Group (IACG)

The governing bodies met at regular intervals during the 2021 cycle. Initial meetings were held virtually due to travel restrictions imposed by the COVID-19 pandemic from March 2020 onwards. Meetings held later in the cycle were conducted in a hybrid virtual/ in-person format. A record of the minutes and presentations of meetings is available on the ICP website.

Regional and national organization

The ICP national implementing agencies are responsible for planning and implementing national ICP activities, including conducting price surveys and compiling the national account expenditure data. Their participation by region is shown in the box below.