A review of the 1993 ICP concluded that one of its major shortcomings was the lack of formal governance. In particular, there was insufficient coordination between regions, which meant that the processes were not standardized and the results inconsistent. At the outset of the 2005 ICP, the United Nations Statistical Commission put in place a governance structure to ensure that consistent results would be produced in each region by coordinating the work globally, establishing a single set of standards, providing centralized technical and practical guidance, and ruling on issues that had the potential to be interpreted in different ways in the regions.
United Nations Statistical Commission provided overall supervision, ensuring that the ICP strictly adhered to accepted guiding principles for the production of official statistics and international standards for national accounts data.
Executive Board provided strategic leadership and made decisions about priorities, standards, the overall work program, and the budget. It also had a key role in providing oversight of the activities of the ICP Global Office.
Technical Advisory Group (TAG) was responsible for providing advice on technical issues related to the ICP. The TAG’s responsibilities were to resolve conceptual and methodological matters.
Global Office was established in 2002 within the World Bank in Washington, DC, to carry out the day-today work required to implement the ICP worldwide. The Global Manager was responsible for its operations, supported by a team of professional statisticians and administrative staff.
Regional Offices coordinated ICP work in each of the five geographic regions (Africa, Asia-Pacific, Commonwealth of Independent States, Latin America, and Western Asia) through the African Development Bank (AfDB); the Asian Development Bank (ADB); the Statistical Office of the Commonwealth of Independent States (CISSTAT), in partnership with the State Statistical Service of the Russian Federation (Rosstat) and the Bureau of Economic Analysis (Moscow); Statistics Canada, in cooperation with the United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC); and the United Nations Economic and Social Commission for Western Asia (UN-ESCWA). In addition, the economies included in the regular PPP program run by OECD and Eurostat were treated as though they were in an autonomous region for the purposes of incorporating their estimates into the global estimates.
National Coordinators ensured that the economies' ICP data were correctly estimated, that statistical and field staff (involved in collecting prices) were trained in the concepts underlying the ICP and the practical implications for collecting prices, that data were edited and entered into the ICP database, and that editing queries from the regional coordinator were handled promptly.