Transcript Title Page - World Bank

Session I
Post-2011 activities at the global level and
outcomes of the UNSC session on the ICP
evaluation
2nd Regional Coordinating Agencies meeting
May 27-29, 2015
Washington, DC
Post-2011 activities at the global level…
Advance the future of the ICP by supporting the evaluation
Keep the momentum from ICP 2011 and support partners
Explore new frontiers and applications of PPPs
Promote the uses of PPP data for policy-making and research
Increase transparency through knowledge products
Update on the ICP evaluation…
UNSC session on the ICP 2011 evaluation
The Commission:
 Appreciated the FOC report’s initial findings affirming increased country participation,
improvements in PPP methodology, increased transparency, streamlined quality
assessment processes, and improved outreach to increase the uses of PPPs
 Emphasized that ICP should be permanent and more frequent
 Will await the complete set of recommendations in the final FOC report in March 2016
 In the interim, urged countries and regional coordinating agencies to sustain the
capacity built during the 2011 round and encouraged the Bank to support regional
partners to ensure the continuity of ICP activities
Meeting of the ICP Friends of the Chair (FOC) Group
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The ICP FOC group met to discuss the conclusions from the UNSC session on the ICP
evaluation and the preparation of the ICP FOC final evaluation report
The evaluation will finish end 2015, for UNSC discussion at its 47th session in 2016
The report will present a view to transform the ICP exercise into a revolving and more
frequent exercise that takes into account users’ needs and national statistical capacity
Convergence in points of view…
Data producers are saying…
Data users are saying…
United Nations Statistical
Commission: “stressed that ICP
should become a permanent element
of the global statistical programme
with ICP rounds be held on a more
frequent basis.”
T.C.A. Anant (India): “The ICP has
emerged as a very important global
statistical product... The existing
frequency is not adequate.”
Homi Kharas (Brookings Institution):
“PPP data has to be current”
Aleem Walji (World Bank): “Can’t
imagine CEOs making decisions based
on old data like ICP… Can we move to
current and not perfect?”
Angus Deaton (Princeton): “As far as
the future is concerned, it would also
be extremely desirable to put the
program on a continuous basis, with
results updated from year to year,
which should avoid the large revisions
that characterized the last two
rounds.”
Improving the timeliness and frequency of PPPs…
Official statistics
(prices, expenditures and price deflators)
Frequent, timely and
relevant PPPs
Annual PPP
time series
Private sector data
PPPs for Poverty
(SDGs and Bank’s twin goals)
Strengthening partnerships…
Capitalize on existing partnerships and build new ones
Regional agencies
World Bank and IMF
Private sector
Technical advisors
and experts
(mini-TAG)
Relying on official statistics…
Supporting regional updates

Technical support:
‒ Update and simplify Global Core List specifications and survey material to support regional
update exercises
‒ Provide technical assistance, upon request

Financial support:
‒ Grants to regional coordinating agencies
Collecting data to extrapolate for “non-update” years

National accounts expenditures

Price indexes and deflators
ICP
2011
2012
2013
2014
2015
update
2016
2017
ICP
2018?
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Exploring new frontiers…
Pilot with PREMISE
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Capturing granular high-frequency price data using modern
technology combined with human intelligence on the ground
The pilot is being conducted in three countries: Brazil, Indonesia
and Nigeria for a basket of approximately 150 household
consumption items with a survey coverage that includes urban /
suburban / rural areas
Collaboration with STATISTICS NETHERLANDS

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Using scanner data and internet robots (web scraping) as
alternative, faster and less costly methods for price data
collection
Assess the feasibility for use in lower capacity statistical offices
and countries of different levels of technological development
Researching new
ways to collect
price data that is:
 Cost-efficient and
timely
 Vast item coverage
 Extensive and
granular
geographical
coverage
 Comparable across
countries
 Open to users
Possible project/grant researching innovations in data collection and PPP production
PPP applications…
Improving PPP Time Series
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The World Development Indicators extrapolates PPPs at high level only (GDP and
Household Consumption)
Testing extrapolation approach at lower levels of the ICP classification
Great initiative by UN-ESCWA to extrapolate 2011 results to 2012/13. Can it be
replicated in other regions?
Research project/grant on PPP time series
Poverty PPPs
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To inform the Bank’s twin goals, Bank’s Chief Economist established a Working Group
on Incorporating the 2011 PPPs into Global Poverty Measurement (April 1, 2015)
Bank’s Chief Economist council of eminent people discussed Global Poverty Measures
and PPPs (April 19, 2015)
Research project/grant on poverty specific PPPs
Promoting the uses of ICP….
Outreach plan and calendar
ICP Outreach Plan
A.
B.
C.
D.
E.
F.
G.
H.
Quarterly Updates
Q1 (Jan - Mar)
Q2 (Apr - Jun)
Q3 (Jul - Sep)
Q4 (Oct - Dec)
Blogs
Structure of the world economy and population in one chart
Release of the 2015 WDI featuring the ICP story
Blog + interactive version of the ICP 2011 world economy chart
Blog + interactive temporal version of the world economy chart
Blog + interactive temporal version of the “PLI bubble-chart”
Video tutorials
Real GDP per capita and shares of global population
PLI bubble-chart
Conferences and seminars
PPPs and poverty measurements workshop
Seminar at the CGD
Hands-on Poverty Measurement Training - PPPs
International Comparison of Income, Prices and Production conference
ICP sessions at the ISI 2015
Seminar on big data to inform the ICP
Papers
Paper for the Special Issue of the Social Indicators Research
Papers for the ISI 2015
Paper on the use of ICP data to better inform healthcare policies
Paper on the country uses of PPPs
Paper on big data to inform the ICP
Kiosk announcements
Final pdf of the Operational Guide
Official Briefings
Saudi Arabia ED
Board Dean's Tea
Knowledge products
Operational Guide
E-learning course
2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
 Conferences
and seminars
 Knowledge
products
 Video tutorials
 Papers
 Blogs
 Quarterly
Updates
Conferences and seminars in 2015….
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Global Poverty Monitoring and the 2011 ICP PPP Indices workshop; Washington, DC;
January 20, 2015
Center for Global Development’s ‘Research in Progress’ seminar; Washington, DC; March
11, 2015
Hands-on Poverty Measurement Training: PPPs; Washington, DC; April 22, 2015
International Comparison of Income, Prices and Production conference; Prague, Czech
Republic; May 22-23, 2015
AfDB’s sub-national and poverty specific PPPs; Pretoria, South Africa; May 2015
Uses of 2011 results
 New Estimates of Global Poverty and Inequality: How Much Difference Do Price Data Really
Make? Peter Edward, Andy Sumner, Center for Global Development
 You are what (and where) you eat: capturing food away from home in welfare measures,
Gabriela Farfan, Maria Eugenia Genoni, Renos Vakis, The World Bank
 Global poverty goals and prices: how purchasing power parity matters, Dean Jolliffe, Espen Beer
Prydz, The World Bank
 Real Capital Input in OECD Agriculture: A Multilateral Comparison, 'V. Eldon Ball, Jean-Pierre
Butault, Richard Nehring, Carlos San Juan Mesonada, University Carlos III
Media and Blog Coverage
Uses, media and blogs in 2015…
 MDG 1: Uneven progress in reducing extreme poverty, hunger and malnutrition, Juan Feng,
World Bank Blogs
 Global Poverty Monitoring and the New PPPs: A Note from Kaushik Basu, World Bank Blogs
 One chart showing all the world's countries ranked by how big and rich they are, Mike Bird,
Business Insider Australia
 Who's Rich, Who's Big GDP per capita & Share of Global Population, Ian Bremmer, Twitter
 Visualising the world economy and population in one chart, World Economic Forum, Twitter
 Can you visualize the structure of the world economy and population in one chart? Morgan
Brannon, Marko Rissanen, Mizuki Yamanaka, World Bank Blogs
 Indian Economy May Outpace US by 2050: Report, NDTV Profit
 Rising Food Prices in Poor Countries: A New Clue to Those Puzzling PPP Revisions, Martin
Ravallion and Shaohua Chen, Center for Global Development
 STATSA to Africa Union 2015, the African Development Bank and Statistics South Africa, Youtube
 The State of Global Poverty, Kaushik Basu, Project-syndicate
Increasing transparency and knowledge…
ICP 2011 Operational Guide
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Now fully edited on the ICP website
Undergoing formal publication process, due August 2015
E-learning course on PPPs
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Preparing a comprehensive course that utilizes the knowledge
gained from ICP 2011 to provide training materials for both
producers and users of PPPs who wish to enhance their
knowledge of PPPs
Will cover broad topics related to PPPs, including concepts, data
requirements, methodology, calculations, and the uses of PPPs
Video tutorials
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Visualizing World Economy and Population in One Chart (ICP
video) exceeded 10,000 views
The most viewed bank multimedia in the World Bank social media
Q3 FY15 report
Planning to publish more videos/multimedia
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Organization of the meeting…
Session II. Maximizing synergies in regional and global post-2011 activities
Session III. Global Core List survey materials for regional PPP updates
Session IV. Expenditures and price deflators
Session V. Discussions on the future
Session VI. PPP applications
Session VII. Way forward